Pet Stocks Lose Their Momentum
More than 23 million American families (nearly one in every five) got a pet during the pandemic and many new owners have spent big on their pets. U.S. consumers spent $21.4 billion on non-medical pet supplies in November 2022.
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Shopify's Growth Comes To A Halt
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Luxury Brands Lose 50 Million Customers in Two Years
The luxury goods sector grapples with a significant decline in its customer base. Over the past two years, the industry has lost around 50 million customers, marking the first contraction in shopper numbers in decades.