Retail TouchPoints

NOVEMBER 10, 2022

Global ecommerce rose from 15% of total retail sales in 2019 to 21% in 2021. While that may seem odd to say, given the extent that ecommerce now pervades most consumers’ everyday shopping, the current hot take from some industry analysts is that ecom growth has slowed and brick-and-mortar retail is on the rise.

Consumer 301

Consumer Advertising Shrinkage Planning 301

Retail TouchPoints

AUGUST 30, 2021

The spring and early summer was an optimistic time for many consumers who finally emerged from lockdowns looking to refresh their wardrobes and find items suited for smaller local outings during the warmer months. compared to Q2 2019. Macy’s Q2 performance was another success story, with comparable sales up 61.2% year-over-year and 5.8%

Consumer 309

Consumer Fulfillment Department Stores Sporting Goods 309

Retail TouchPoints

MARCH 3, 2022

Target has big plans for 2022, with the retailer announcing plans to invest up to $5 billion this year to open new stores, enhance its digital, fulfillment and supply chain capabilities, and expand its shop-in-shop concept with Ulta Beauty. and New York’s Times Square.

Payment Services 215

Payment Services Shopping Planning Fulfillment 215

Retail TouchPoints

NOVEMBER 4, 2021

Despite having just officially begun, this holiday shopping season already is marked by supply chain disruption, persistent inflation and mixed consumer confidence. And just like last year, it looks like consumers will respond by turning to ecommerce.

Consumer 259

Consumer Merchant Services Payment Services Drop-Shipping 259

Retail TouchPoints

JULY 14, 2023

Consumers are expected to spend a record $41.5 billion , with the top products planned for purchase including laptops ( 51% ), tablets ( 36% ) and calculators ( 29% ). Families with children in elementary through high school plan to spend an average of $890.07 BTC spending has nearly doubled since 2019. set in 2021.

Discount Store 205

Discount Store Department Stores Planning Accessories 205

Retail TouchPoints

MAY 18, 2023

Touchland’s rapid growth has inspired founder and CEO Andrea Lisbona to invest in a robust enterprise resource planning (ERP) system that supports scalable, data-driven expansion. Touchland analyzed data to understand consumer behaviors and found that shoppers were buying six or seven units at a time.

Planning 241

Planning Accounting Wholesale Consumer 241

Retail TouchPoints

APRIL 8, 2021

Recently, however, something new has begun to drive massive growth in the used goods sector — consumers who are shopping based on their values , in addition to searching for value. It is this facet of the modern economy that consumers have begun to reject. The Fastest-Growing Channel in Retail’. “ fashion market this year alone.

Consumer 345

Consumer Fashion Apparel Returns 345

Inside Retail

FEBRUARY 5, 2023

With Adamantem, we plan to invest in further expansion of our global footprint, leverage customer insights and analytics to drive our customer proposition and establish market-leading ESG frameworks for the business,” said Alani. “Retail Zoo’s brands are well positioned through cycles as an ‘affordable indulgence’ offering.”

Accounting 279

Accounting Planning Marketing Management 279

Inside Retail

SEPTEMBER 19, 2022

Now the company’s founder has disclosed, in an interview with Inside Retail , plans to treble its store network within five years, add another 10 brands to its portfolio, and expand abroad – all while preparing for a potential IPO. That said, we focus on brands that have the potential to scale and meet consumer needs.”.

Fashion 130

Fashion Planning Marketing Management 130

Inside Retail

MARCH 14, 2024

In 1999, the Italian eyewear conglomerate Luxottica acquired the firm with plans to expand its sunglasses line. Later on, in 2013, the American consumer product goods conglomerate Sequential Brands Group acquired Revo. Then, it set up a direct-to-consumer channel. “It billion in 2019 and generated US$3.48

Location 130

Location Wholesale Consumer Planning 130

Inside Retail

NOVEMBER 20, 2022

Founded in 2012 by CEO Tim Dunn, Bushbuck is a hunting and outdoor brand that uses a direct-to-consumer business model. The Australian market currently accounts for 16 per cent of its sales, and the company aims to grow that to 38 per cent by 2025. Since 2019, the business has grown revenue by 300 per cent, with $4.3

Outdoor 245

Outdoor Accounting Planning Marketing 245

Retail TouchPoints

NOVEMBER 29, 2021

Gift cards are shaping up to be a holiday hero this season, as consumers and retailers continue to grapple with supply and shipping issues. According to WalletHub, the top five most popular gift cards among American consumers (in descending order) are: Amazon; Visa; Walmart; Target; and Starbucks.

Shopping 290

Shopping Shipping Consumer Planning 290

Retail TouchPoints

JUNE 9, 2021

If you’re a consumer brand in a category with Amazon private label, however, Amazon’s private label presence certainly feels more pronounced. In this case, the manufacturer is responsible for the inventory planning, marketing and promotional strategy. Amazon Has Launched a Private Label Competitor to my Products. How do I Compete?

Consumer 290

Consumer Fashion Promotions Advertising 290

Retail TouchPoints

APRIL 27, 2021

Research by The Ascent showed that among people who have used a BNPL service, 45% first did so in 2019, 21% first did so in 2020, and only 7% had used a BNPL service prior to 2015. As the popularity of BNPL increases, it is important for consumers and merchants to weigh the benefits and the drawbacks of using/offering these payment options.

Merchant Services 130

Merchant Services Payment Services Consumer Point of Sale 130

Inside Retail

APRIL 22, 2024

According to a recent Euromonitor report, while consumer food-service value nears pre-pandemic levels in 2024, dining-in at restaurants will not return to pre-pandemic level until 2028 in Asia Pacific. The report predicts that regular dining out will be off the menu for cost-conscious consumers until 2028. trillion in 2023.

Kiosk 147

Kiosk Fulfillment Consumer Accounting 147

Retail TouchPoints

OCTOBER 15, 2020

Even before the pandemic completely upended the world economy, how consumers shopped had been changing — and mobile devices were at the forefront of that change. Prior to the pandemic, retailers and financial institutions had been reimagining experiences for consumers to enable quick, seamless transactions.

Payment Services 131

Payment Services Planning Accounting Loss Prevention 131

Inside Retail

NOVEMBER 16, 2022

Burberry’s new chief executive Jonathan Akeroyd will on Thursday set out his plan to finish the job started by his predecessor: boosting growth at the British luxury brand to the levels of its European rivals. Leather goods account for around 20 per cent of Burberry’s sales versus 70 per cent at Bottega Veneta.

Fashion 278

Fashion Department Stores Planning Accounting 278

Retail TouchPoints

JUNE 30, 2021

Resale — the segment of the secondhand market that ThredUP defines as offerings with more curated assortments — is expected to account for more than half of that total, $47 billion , by 2025. Clark isn’t exaggerating: 33 million consumers bought secondhand apparel for the first time in 2020, according to the report. In 2020, 36.2

Fast Fashion 264

Fast Fashion Fashion Apparel Thrift Store 264

Inside Retail

OCTOBER 13, 2021

Options such as buy now, pay later (BNPL) services were first introduced to business to consumer (B2C) transactions, giving customers the ability to access products and services they need today while paying at a later date or over a series of instalments. . Drive business growth and provide a positive customer experience.

Payment Services 355

Payment Services Finance Customer Experience Wholesale 355

Retail TouchPoints

JULY 26, 2022

With rising gas prices, food shortages, skyrocketing interest rates and ever-present inflation, consumers are worried and that means retailers are worried, too. We’re already seeing online shopping demand level off , with consumers finding a new balance between digital and physical channels. Loyalty Shifts to Value.

Drop-Shipping 275

Drop-Shipping Fulfillment Consumer Shipping 275

Inside Retail

SEPTEMBER 12, 2022

million) in the most recent quarter, ending 31 May, compared with the same period in 2019. Specialty store sales at China malls reached their nadir as a comparison with 2019 in April and May, with the lockdown in Shanghai. China sales were down about 35 per cent compared with April 2019. The three-year plan.

Specialty Store 130

Specialty Store Accounting Planning Apparel 130

Inside Retail

JANUARY 21, 2024

The American Book Association (ABA) measured 2,185 bookstore businesses, 2,599 locations, and over 300 more members in 2023 than it had in 2019, making its highest membership levels in over 20 years. In August 2019, Daunt was appointed as Barnes & Noble’s CEO, presumably to “save” the retailer in a similar manner.

Location 130

Location Accounting Shopping Marketing 130

Retail TouchPoints

SEPTEMBER 28, 2020

Retailers will need to account for the heightened demand for home deliveries from COVID-19, which has incentivized many retailers to form new relationships with Instacart, Shipt, DoorDash and other services that enable home delivery at scale. The rescheduled Prime Day, set for Oct. 13-14 , will kick off the season.

Fulfillment 300

Fulfillment Department Stores Shipping Planning 300

Retail TouchPoints

NOVEMBER 3, 2022

A recent survey from retail research firm NPD showed that the share of consumers’ planned shopping for the holidays ticked up this year for in-store versus online, in contrast to a long-term decline, and major retailers like Walmart and Party City just announced plans to direct the majority of their holiday hires to work on store floors.

Accounting 259

Accounting Returns Management Advertising 259

Retail TouchPoints

JANUARY 11, 2021

year-on-year through September 2020, boosting ecommerce’s share of its total sales from 33% in 2019 to 59% during this period. An electronic waste recycling program that M.Video launched in summer 2019 is now available in 450 stores, with plans to add another 200 locations in 2021. Q3 2020 net sales for all channels climbed 25.3%

Payment Services 243

Payment Services Location Fulfillment Customer Experience 243

Retail TouchPoints

APRIL 12, 2021

The penalty amount was determined by applying a 4% rate to Alibaba’s 2019 domestic revenues. The total accounts for less than 20% of Alibaba Group’s free cash flow over the last 12 months, said the company’s Executive Vice Chairman Joe Tsai in a conference call April 12. These include the elimination of its exclusivity arrangements.

Accounting 262

Accounting Promotions Marketing Planning 262

Retail TouchPoints

FEBRUARY 23, 2021

Developed to help consumer brands and retailers optimize and scale their omnichannel and ecommerce operations, SoundCommerce integrates data from siloed sources across a company to give decision makers a comprehensive, real-time view of the business. The company also plans to scale its marketing, sales and channel partnership activities.

Jewelry 147

Jewelry Consumer Accounting Management 147

Retail TouchPoints

JULY 30, 2020

Households with children in elementary and high school are set to spend an average of $789.49 , far exceeding the 2019 record of $696.70. Only consumers only had 17% of their shopping done by early July, and 54% said they held off on spending because they didn’t know what they needed. per family, up from $976.78 — another record.

Merchant Services 248

Merchant Services Advertising Apparel Planning 248

Retail Focus

JANUARY 24, 2023

in December, with consumers stocking up for the holiday season and people spending less out and about. Non-food retail was significantly down in 2022 when compared with 2019 figures. For example, textiles, clothing and footwear sales were down from 2019 but slightly up compared to 2021 sales volumes. Sainsbury’s (SBRY.L)

Supermarket 130

Supermarket Accounting Marketing Returns 130

A1 Retail

MAY 10, 2022

Takeaways, nights out and subscriptions all had smaller uplifts than in March as rising prices led to changes in consumer behaviour. The Barclaycard report combines hundreds of millions of customer transactions with consumer research to provide an in-depth view of UK spending. Consumer card spending grew 18.1 per cent and -9.9

Consumer 75

Consumer Beauty and Health Finance Department Stores 75

Inside Retail

APRIL 11, 2021

billion) – around 4 per cent of its revenues in 2019 – for violating anti-monopoly rules and abusing its dominant market position. The SAMR ordered Alibaba to make “thorough rectifications” to strengthen internal compliance and protect consumer rights. Chinese regulators have fined Alibaba 18 billion yuan ($2.75

Merchant Services 130

Merchant Services Accounting Marketing Planning 130

Inside Retail

SEPTEMBER 6, 2022

Customers will be able to create accounts and list items for rent directly from the online checkout pages of participating brands, helping Designerex reach new customers and increase its inventory. The platform is doing triple the volume it did in 2019, its last normal trading year that wasn’t affected by Covid-19 lockdowns. .

Fashion 130

Fashion Checkout Fast Fashion Consumer 130

Inside Retail

NOVEMBER 15, 2022

Vincom’s leasing revenue has now edged up above the level of 2019, a key benchmark, and in the first nine months of 2022 is up 29 per cent from the January-September period of 2021. With many retailers still only committed to the more high-profile locations with greater consumer spending power, it isn’t surprising that the Vincom+ format (72.4

Planning 130

Planning Consumer Location Accounting 130

Retail TouchPoints

DECEMBER 3, 2020

Digital will continue to be the star: Although Black Friday spending was lower than Adobe’s projections, consumers still spent a total of $9 billion online, making it the second-largest online spending day in U.S. Consumers spent $10.8 Shopper Yield data revealed that spend per consumer increased 36.3% over the 2019 holiday.

Drop-Shipping 175

Drop-Shipping Consumer Merchant Services Shipping 175

Retail TouchPoints

JANUARY 24, 2023

The Transformation of Search Consumers are searching a lot. Instead, we’re seeing the rise of retail search — meaning more consumers are either ending or doing their entire search process on Amazon and other retail sites instead of going to search engines. But they’re beginning and ending their searches in different ways and places.

Advertising 225

Advertising Social Commerce Consumer Fulfillment 225

Inside Retail

MARCH 23, 2022

With the global luxury goods market expected to be worth around US$430 billion* by 2025 – and Chinese luxury consumption set to account for nearly half of that – Lanvin Group said it sees itself as “well-positioned to capture the enormous growth potential driven by flourishing demand for luxury goods globally”.

ATS 130

ATS Fashion Accounting Point of Sale 130

Inside Retail

NOVEMBER 22, 2022

In 2019, it brought in 233.5 billion at today’s exchange rates, accounting for close to a quarter of the revenue from the company’s department store business. The Japan Tourism Corporation states that, in 2019, more than 30 million people visited Japan. But a better reference point is the corresponding period of 2019.

Department Stores 130

Department Stores Boutique Accounting Returns 130