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State of Retail: Early Spring 2023 Report
March 15, 2023 | 4 min read
PMG
PMG is a global independent marketing services and technology company that seeks to inspire people and brands that anything is possible. Driven by shared success, PMG brings together business strategy and transformation, creative, media, and insights, all powered by our proprietary marketing operating system, Alli. With offices in New York, London, Dallas & Fort Worth, Austin, Atlanta, Boston, Brighton, Costa Rica, and Cleveland, our team is made up of 1,000 employees globally, and our work for brands like Apple, CKE Restaurants, Dropbox, Experian, Intuit, Kimberly-Clark, Kohler, Sephora, Travelex, and Whole Foods has received top industry recognitions including Cannes Lions and Adweek Media Plan of the Year.
Rising prices remain top of mind for millions of U.S. consumers, leading to additional caution around discretionary spending. As 2023 progresses, economic indicators appear to be on a slight upswing, although the health of the consumers’ budget and ability to spend remains in question.
Learn more about the state of the retail environment in the latest report from the PMG team.