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With Consumers Awash in Subscriptions, Brands Set Sights on Paid Membership

Retail TouchPoints

Some stats support the gloomy outlook: according to Kearney , 40% of consumers feel they have too many subscriptions, and subscription ecommerce is predicted to have its slowest growth year on record in 2023 ( Insider Intelligence ). Today, brands are competing for consumers’ share of wallet. The reality though is less stark.

Consumer 294
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Visa, Mastercard Settlement Represents Major Victory in Merchants’ Fight Against Swipe Fees

Retail TouchPoints

history, according to Reuters , and if it receives court approval it would resolve most of the ongoing claims against Visa and Mastercard, which began in 2005. Additionally, the settlement provides funding for new programs to educate small businesses about payment acceptance options and how to best manage costs.

Insiders

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What to do when waste-conscious consumers expect action

Inside Retail

At least two significant forces are reshaping how and where consumers shop and their expectations of brands. At the intersection of these sits the circular economy, an antidote to consumption and waste. Encouragingly, consumers are ready to increase participation in the circular economy. Circular initiatives in action.

Consumer 130
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Burberry Appoints New Chief Creative Officer as Tisci Departs

Retail TouchPoints

Lee will replace former creative chief Riccardo Tisci , who was appointed to the role in March 2018 following his career with Givenchy from 2005 to 2017. As the London-headquartered brand’s Chief Creative Officer, Lee will manage all Burberry collections. No successor for Brown has been announced.

Fashion 256
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How Vintage Wine Estates is Uncorking New Opportunities in Alcohol Ecommerce

Retail TouchPoints

“The wine industry is a very old-school business, and it’s a distributor-driven business because of the 21st Amendment, which basically gave all the power to the states to regulate and manage alcohol sales,” explained Jessica Kogan, Chief Growth and Experience Officer at Vintage Wine Estates in an interview with Retail TouchPoints.

Fashion 249
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High-Quality Data is the Key to Unlocking the Power of Generative AI in Retail

Retail TouchPoints

At first, conversation around the technology would have led you to believe its inventors had cured all of society’s ills. Or, at the very least, its inefficiencies. In fact, in a recent SAP Emarsys study we found that nearly half of 10,000 surveyed global consumers (46%) were wary of the role AI plays in their retail experiences.

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Location Data is a Must for Site Selection

Retail TouchPoints

Between difficult compliance requirements and the public’s general reluctance to shop in person at the beginning of the pandemic, many business owners have had to suspend plans for expansion, limit their operations or even shut down entirely. Consumer Behavior has Changed.

Location 234