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NRF: Returns Reach 14.5% of Sales in 2023, Fraud Contributed $101 Billion in Losses

Retail TouchPoints

of all retail sales, according to a report from the National Retail Federation and Appriss Retail. This means that for every $1 billion in sales, the average retailer incurred $145 million in merchandise returns. of all retail sales and totaling nearly $817 billion. The 2023 numbers were released on Dec.

Returns 283
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Fanatics Unveils Plans for Multi-Sport Fan Event in NYC: ‘Sports Fans Deserve a Place to Gather’

Retail TouchPoints

The event will feature an all-day “trading pit” for card collectors of all ages, featuring “Collecting 101” content for novices, as well as a display of some of the world’s rarest cards and sports memorabilia. Additional fan engagements will include livestreamed collectibles “breaks” through the Fanatics Live platform.

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How Hydra Health is Transforming the Hospital Gift Shop

Retail TouchPoints

Hospitals and medical campuses typically look at retail as an essentially insignificant element in their patient, visitor and employee experiences. We focus on bringing in a retail experience that feels modern and value-additive to the employees, patients and visitors on-site,” Kloor explained.

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Stylitics Raises $80M for its AI-Powered Visual Merchandising Platform

Retail TouchPoints

Visual merchandising solution Stylitics has raised $80 million in series C funding from PSG Equity , which now holds a minority stake in the company. The new investment from PSG brings the total amount Stylitics has raised since it was founded in 2011 to $101 million.

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Closing the Billion-Dollar Gap in Returns Waste

Retail TouchPoints

Recommerce, the sale of secondhand merchandise, is a hot topic as consumers become more enthused about recycling goods rather than contributing to enormous mountains of landfill waste. retail segment; the National Retail Federation (NRF) found the value of merchandise returned by consumers last year topped nearly $750 trillion.

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Theory opens layered flagship store on Regent Street

Retail Focus

Architecture studio Sybarite have created a retail concept for the new Theory flagship store located on 101-113 Regent Street. This will be part of a ‘connected retail space’ with Uniqlo, also owned by Fast Retailing. Seamless form and transition exist between the plaster of the walls and the ceilings.

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Alibaba exec talks about how Australian businesses can target SEA and China

Inside Retail

Our service addresses this challenge by providing a curated selection of potential partners tailored to each business’ specific needs and capabilities,” she told Inside Retail. We are also providing market briefing sessions for the brands to understand the 101 of the Southeast Asia and China markets,” she elaborated.