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Future of Retail: Is It Coming Apart at the Seams? (RMS)

• Over the next 5 years US consumer spending is
forecasted to grow by 22%; non-essential
categories, including vacations and dining out, will
see the fastest growth, about 27% (Mintel)
• More than 3 in 4 millennials would choose to
spend money on a desirable experience
• Experiences are what people use to define
themselves across social channels

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The Shoptalk Startup Pitch

• Fung Global Retail & Technology advises retailers, real estate developers, tech companies, and others on projects situated at the intersection of retail, tech and/or fashion
• Our team offers a robust knowledge bank and deep-rooted experience across the retail, fashion. and tech industries. We are involved in many areas of the business, which allows us to offer a unique perspective on the future and where the sector is heading.

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Top 25 Retail Trends

Top 25 Retail Trends
1. Store Traffic
2. Experiential Retail
3. Smart Malls
4. Retail Store Closings and Openings
5. Owning Grocery
6. Moving to Omni
7. Evolving Pure Plays
8. Winner-Take-All E-Commerce & More…..

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Retail Update

Obesity affects 1/3 of Americans; the
number of overweight women in the UK
increased from 49% to 57% between 1993
and 2013
• Beauty norms are changing—“real people”
models
• E-commerce and social media
• Plus-size wearers crave fashionable clothing

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CARAA: THE NEW HANDBAG THAT BRIDGES HIGH FASHION AND FUNCTIONALITY

We recently met with Aaron Luo, the CEO of Caraa, a luxury athletic handbag brand based in New York City. The company’s first product is a bag that fits into the metropolitan’s woman’s wardrobe by bridging high fashion and functionality. Luo spent some time with us to tell us about the vision behind Caraa and how he sees the brand evolving in the future.

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