article thumbnail

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
article thumbnail

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 325
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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 246
article thumbnail

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
article thumbnail

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 277
article thumbnail

Beer Cartel invites consumers to buy up shares in the business

Inside Retail

Beer Cartel launched its beer subscription service back in 2009 and it now accounts for about 80 per cent of the online business, according to Kelsey. But consumers can also make one-off purchases on the site. Each week, 20-30 new beers come online, ensuring plenty of choice for curious consumers. “We’ve

Consumer 231
article thumbnail

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 321