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What Recommerce can Teach Retailers About New Consumer Behaviors and Future-Proofing Sales

Retail TouchPoints

As retailers have struggled to navigate changes in consumer behavior and economic uncertainty brought on by the pandemic, one area has seen continued growth: recommerce. Recommerce checks many boxes for both consumers and businesses. Consider that 223 million consumers say they have or are open to shopping secondhand products.

Consumer 313
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Parfums de Marly enters APAC for the first time and settles in Sydney home

Inside Retail

Following its 2020 marketing strategy rebrand, Parfums de Marly felt now was the right time to enter the Australian retail space with its French vision of excellence and luxury in opposition to standardisation, through in-store customer experience. billion in 2023 to US$69.25 We saw a lot of brands, stop producing and stop investing.

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Exploiting Loopholes: The Dark Side of Fast Fashion Giants Shein and Temu

Retail TouchPoints

In fact, fast fashion on the whole has been on the upswing: the fast fashion market was valued at $122 billion in 2021 and is projected to reach $283 billion by 2030, growing at a CAGR of 10.13% from 2023 to 2030, according to Gitnux. market, recently dropped a whopping $21 million to produce and air a series of Super Bowl ads.

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Report: Rent The Runway Exits Brick-And-Mortar

Retail TouchPoints

At the beginning of the pandemic, CEO and Cofounder Jennifer Hyman cut costs by 51% , raised additional financing and scaled back capital outlay by shifting from buying merchandise to a revenue-sharing consignment model, according to a July 2020 article in The Wall Street Journal.

Apparel 190
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“Doing nothing wasn’t an option”: M.J. Bale CEO Matt Jensen

Inside Retail

Bale director and designer Matt Jensen says the brand takes on the challenge of evolving with the market while honouring the pillars of the business. Bale in 2009, some of the challenges you faced from the outset, and how you got the business off the ground during those early stages? But I can’t remember it being too challenging.

Fashion 260
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How U.S. Brands Can Get a Piece of the $115B+ Singles’ Day Opportunity

Retail TouchPoints

2021 is set to be both, with an eager consumer base and historical precedent on its side. Alibaba’s sales have increased every year since the event debuted in 2009.). 2020 lasted 11 days , instead of the typical 24 hours, also helped greatly in boosting that number. brands looking to enter the China market, 11.11

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What Can and Should Retailers Do About Climate Change?

Retail TouchPoints

ESG analysis could indicate that management is focused on long-term competitive market advantages that also may help it meet future bondholder obligations. This is likely a reflection of heightened consumer price sensitivity in these subsegments. Consumers were more motivated than ever to pursue the lowest-cost goods.