![\"Retail](\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png\")
<\/a><\/p>\n<\/p>\n
![\"2023](\"https:\/\/blog.wholesalecentral.com\/wp-content\/uploads\/2023\/01\/beach-2023-written-in-sand-740x400-1.jpg\")
<\/figure>\n<\/div>\nThe new year is practically here, and boy has 2022 been a ride. Here are the retail insights for what is coming in 2023.\u00a0<\/p>\n
The holiday season is supposed to be the busiest time for retailers, but unlike previous years, high inflation and supply chain disruptions have resulted in brands navigating cost management strategies in the hopes of saving profit margins. According to Simon Grale, EVP of Procurement at Proxima<\/strong>, footfall was lighter at malls and physical stores compared to pre-pandemic levels due to inflation, rising interest rates, and the cost-of-living crisis.\u00a0<\/p>\n \u201c2023 will be notable because we will see retailers go off in search of value chain transparency, supply chain resilience, and operational agility. Bigger and bolder cost transformation initiatives will help to fund this. It will also be the year when an increasing number of legacy brands fall or change hands because they cannot adapt to the hybrid consumer landscape,\u201d Geale said.\u00a0<\/p>\n While all of these disruptions are certainly weighing on retailers, it is not all doom and gloom. Shoppers are still out there purchasing products and spending money on experiences. In fact, Lisa Maass, President of Connecticut Citizens<\/strong> Bank, and Eric Merlis, Managing Director and co-head of global markets at Citizens, shared their thoughts about what 2023 will bring.\u00a0<\/p>\n We still have a ways to go before the economy begins to stabilize, but things seem to be looking up for 2023. With that in mind, here are some great products that retailers should consider adding to their shelves:<\/p>\n Wintertime candles are a must this time of year! ROAM Homegrown is a woman-owned brand that offers perfectly poured large soy candles out of Austin, Texas that feature natural scents and phthalate-free fragrance, soy wax, and 100% cotton wicks. Lavender Driftwood is a fresh scent that highlights distinctive lavender with a slight woodsy undertone that balances the floral notes.\u00a0<\/p>\n ROAM Homegrown<\/strong> Everyone\u2019s skin gets super dry and irritated during the harsh winter months, and this hydrating cream is sure to revamp your customers\u2019 skin. The cream is light, yet will not wash away with the day. Essential ingredients include clay minerals, hyaluronic acid, and plant extracts to soothe and rebuild from the inside out. New collagen formation stimulates younger looking skin that is soft and resilient.<\/p>\n Zion Health<\/strong> These beautiful leaflet earrings come in a variety of colors that your customers are sure to love. Each piece is made from different Triple AAA graded woods sourced from around the world. Ten individual pieces come together for each earring and provides dimensional stability for wood, optimizing strength and allowing the curved designs to last the test of time.\u00a0<\/p>\nThe Chances of a Recession Are Low<\/strong><\/h2>\n
\n
Best Advice for Retail Business Owners<\/strong><\/h2>\n
\n
What<\/strong> is Going to Happen with Employee Wages?<\/strong><\/h2>\n
\n
\n![\"Lavender](\"https:\/\/blog.wholesalecentral.com\/wp-content\/uploads\/2023\/01\/lavendar-candle-400w.jpg\")
<\/figure>\n<\/div>\nLavender Driftwood Oversized Soy Candle<\/strong><\/h3>\n
roamhomegrown.com\/pages\/wholesale<\/strong>\u00a0<\/strong><\/p>\n
\n![\"Moisturizing](\"https:\/\/blog.wholesalecentral.com\/wp-content\/uploads\/2023\/01\/Zion-Health-400w.jpg\")
<\/figure>\n<\/div>\nMoisturizing Day Cream<\/strong><\/h3>\n
650-520-4313
www.zionhealth.com<\/strong>\u00a0<\/strong><\/p>\n
\n![\"Leaflet](\"https:\/\/blog.wholesalecentral.com\/wp-content\/uploads\/2023\/01\/earrings-500w.jpg\")
<\/figure>\n<\/div>\nLeaflet Earring Assortment<\/strong><\/h3>\n