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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. Why the strong growth, particularly during a time of economic upheaval?

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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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Global luxury sales could return to pre-Covid levels this year, Bain says

Inside Retail

Bain now sees a 30 per cent probability that sales of high-end handbags, clothes and jewellery will return to or exceed their 2019 level of US$340 billion this year, depending on how quickly vaccines are rolled out and tourism picks up. Reporting by Silvia Aloisi, Editing by Gabriela Baczynska , of Reuters.

Returns 147
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JD returns to Hammersmith after a decade

A1 Retail

ft space will maximise its market share within inner-London, just in time for the Christmas shopping season. 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 post JD returns to Hammersmith after a decade appeared first on A1 Retail Magazine.

Returns 59
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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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May E-Commerce Sales Up 81%, But Total 2020 Retail Sales Still Expected To Drop 10.5%

Retail TouchPoints

“People working from home are now set up, and we see spending shifting from home office supplies back toward consumer goods like sporting goods and home improvements.”. However, the return to normalcy will not be enough to offset the losses retail already has suffered during the pandemic, particularly with a shaky economy on the horizon.

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

Retail TouchPoints

Contactless payment evolved with Venmo’s release in 2009, and similar mobile solutions like the Apple Wallet have followed. Consumers can either pay via a check or bank transfer, or have payments deducted from their credit or debit card automatically. By giving consumers a new way to pay, you are opening the door for more sales.