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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. This trend involves brands reselling previously owned products at a discount — and it’s caught on quickly.

Consumer 322
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Scarred by the 2008 Recession and COVID, 48% of Gen Z Frequently Shops at Discount Stores

Retail TouchPoints

That sense of unease is to be expected from a cohort shaped by both the 2008-2009 Great Recession and the COVID pandemic, and it’s had a big impact on their shopping choices: nearly half ( 48% ) say they shop the most often at discount/off-price retailers, and 25% frequently patronize dollar stores.

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JD returns to Hammersmith after a decade

A1 Retail

JD, a retailer of sports, fashion and lifestyle brands is set to return to Hammersmith after a decade on Saturday 26 TH November 2022. The sportswear giant will open its new branch on King Street, at Livat Hammersmith – taking over the prior New Look unit and benefiting from their impressive footfall estimates. The 4,000sq.

Returns 59
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What retailers can learn from Reformation’s bold, quirky brand voice

Inside Retail

Whether you buy the linen twin set or not, the return you get in words is priceless. It started in 2009, selling retailored vintage clothing out of a small Los Angeles storefront. Not just once or twice, but at every point of the customer journey. Reformation pays its fans in brand voice. Customer-obsessed, always Witty.

Fashion 130
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Meet Gen Alpha, the kids and tweens already influencing purchase decisions

Inside Retail

At the time, the focus was on Generation Z, those born between 1995 and 2009. But knowing that Generation Alpha would be the first to be entirely born in the 21st century (with births commencing in 2010), I believe they are not a return to the old, but the start of something new. Yet, a new generation was about to begin.

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Buy Now, Pay Later: The Gen Z Alternative to Credit Cards

Retail TouchPoints

This generation has taken to this payment option faster than any other, but looking at their history it is easy to see why. Contactless payment evolved with Venmo’s release in 2009, and similar mobile solutions like the Apple Wallet have followed. Many commercial apps now ask for a credit card on file to make in-app purchases.

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May E-Commerce Sales Up 81%, But Total 2020 Retail Sales Still Expected To Drop 10.5%

Retail TouchPoints

“While many of the trends in e-Commerce purchasing behavior that emerged in March and April have continued, we are starting to see the impact that the gradual easing of restrictions is having on retail activity,” said Debbie Guerra, EVP at ACI Worldwide in a statement. The industry’s projected sales drop is even steeper than the 8.2%