Today in Data: Simon Banks on Brick-and-Mortar; Better Images Mean Fewer Returns; Gen Z Drives Valentine’s Day Momentum
Today in Data, Simon Property Group is confident in brick-and-mortar retail bouncing back as it continues to invest in the sector. Plus, better online images mean retailers face fewer returns, and huge bouquet bundles and the surprising interest by Generation Z lovebirds is making Valentine’s Day retailers optimistic.
Data
200: Number of Simon Property Group retail and mixed-use locations in 37 states
$2.5B: Amount Simon Property Group paid to acquire Reebok from Adidas
49%: Share of eCommerce purchases returned because the item didn’t match the description
50%: Increase in Valentine’s Day-related purchases by Gen Z consumers this year
$24B: Projected spending on Valentine’s Day purchases this year