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

Retail TouchPoints

The resale market is growing 11 times faster than traditional retail and is expected to reach $84 billion by 2030, far eclipsing the predicted $40 billion market for fast fashion. . Here’s how brands can marry sustainability with returns optimization to get better ROI out of what they’ve already invested in — chiefly, their products.

Consumer 316
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eMarketer: COVID-19 Retail Recovery Will Take Longer Than ‘Great Recession’ Rebound

Retail TouchPoints

Before the pandemic prompted closures of retail stores around the globe, eMarketer had forecast that 2020 worldwide retail sales would reach $26.46 The magnitude of the downturn and pace of recovery will be harder on the retail market than the Great Recession,” according to an article on the eMarketer site. for the year.

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Report: Rent The Runway Exits Brick-And-Mortar

Retail TouchPoints

the former New York City flagship will become a drop-off site for returning items. On March 27, Rent the Runway laid off its entire retail staff during a Zoom call, offering no assurance that the jobs would return, according to a report in The Verge. “We We have no visibility into when or if we will be able to reopen our stores.

Apparel 191
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What to Learn from China’s Singles’ Day and Spring Festival Going Into 2022

Retail TouchPoints

Since the infamous shopping holiday was created and marketed by Alibaba in 2009, there has been no slowing down. Singles’ Day, also known as Double 11, is now the world’s largest shopping holiday, with advertisers seeing incredible returns. in revenue in 2020 and is expected to reach approximately $3.37 trillion by 2028.

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2020 VALENTINE ECONOMICS AND GROWTH PERSPECTIVE FOR JEWELERS LOOK LIKE A DIAMOND IN THE SKY

RETAIL MANAGEMENT SOFTWARE

Respondents who were interviewed lately on their spending forecasts were quite optimistic about their household incomes, buying power and the job market in general. 2020, $27.4B. JCK Las Vegas Tuesday, June 2 – Friday, June 5, 2020 Sands Expo & The Venetian. billion, up 32% from last year’s record $20.7 2010, $14.1B.

Jewelry 52
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2020 VALENTINE ECONOMICS AND GROWTH PERSPECTIVE FOR JEWELERS LOOK LIKE A DIAMOND IN THE SKY

RETAIL MANAGEMENT SOFTWARE

Respondents who were interviewed lately on their spending forecasts were quite optimistic about their household incomes, buying power and the job market in general. 2020, $27.4B. JCK Las Vegas Tuesday, June 2 – Friday, June 5, 2020 Sands Expo & The Venetian. billion, up 32% from last year’s record $20.7 2010, $14.1B.

Jewelry 52
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High street casualities: 8 of UK retail’s biggest administrations

Retail Gazette

Arcadia Back in November 2020, Sir Philip Green’s Arcadia Group entered administration , in a huge blow to high streets across the UK. Woolworths Over a decade ago, the 100-year-old high-street staple Woolworths collapsed, resulting in the loss of 807 stores and 27,000 jobs between December 2008 and January 2009.