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Delta variant is tanking consumer sentiment

Retail Wire

American consumers are deeply concerned about the spread of the Delta variant and its potential impact on every aspect of their lives. The University of Michigan’s preliminary consumer sentiment index for early August fell to its lowest level since 2011, making it one of the three biggest declines over the past 50 years.

Consumer 130
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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 321
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Aligning Purpose with Profits: How Consumer Goods Companies can Unlock Business Growth by Integrating Sustainability into their Operations

Retail TouchPoints

The rapid advancement of technology and social media has created a new generation of well-informed, empowered and discerning consumers. IBM’s Institute of Business Value (IBV) has just completed significant research into the priorities and decisions for supply chain operations and sustainability in partnership with The Consumer Goods Forum.

Consumer 220
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Circuit City Plans to Curate Shop-in-Shops Using its Electronics Expertise

Retail TouchPoints

Circuit City also will support the partnerships with its customer service, private label products and white-glove consumer electronics experience. After it closed its last brick-and-mortar retail store in 2009, Circuit City launched a comeback in 2018 with an experiential ecommerce site.

Planning 246
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China Offers ‘Strong Financial Support’ to Help Boost Recycling of Household Appliances

Retail TouchPoints

Seeking to increase consumer recycling of used household appliances, the Chinese government has pledged to update regulations and provide “strong financial support for large-scale equipment renewals and trade-ins of consumer goods,” according to a statement by the English-language channel of the country’s State Council.

Consumer 130
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Will “shy” consumers come out for Singles Day? Global brands weigh in

Inside Retail

How much do consumers spend? While Alibaba started “Double 11” in 2009 to win over online shoppers with discounts and promotions, China’s major e-commerce platforms now all take part in it. ” On the day, single people treat themselves with gifts and presents, while also organizing social gatherings and parties.

Consumer 130
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Best Buy Battles E-Waste with Recycle-by-Mail Technology Boxes

Retail TouchPoints

Consumers can order boxes in two sizes: small boxes that can carry up to six pounds for $22.99 After consumers load the boxes with their old equipment, they can arrange for a UPS pickup or bring the box to a UPS drop-off location. “We Since 2009, Best Buy has recycled more than 2.7 billion pounds of electronics and appliances.

Consumer 282