article thumbnail

Shoppers see sharpest price rises since 2012 as cost of living crisis bites

365 Retail

in January, the highest rate since 2012. In particular, furniture and flooring saw exceptionally high demand leading to increased prices as the rising oil costs made shipping more expensive. The post Shoppers see sharpest price rises since 2012 as cost of living crisis bites appeared first on 365 RETAIL | Retail Technology News.

article thumbnail

Shein and Temu Face Congressional Scrutiny Over Imports, Forced Labor

Retail TouchPoints

Both Temu and Shein rely heavily on the de minimis exception to ship packages directly to U.S. According to the committee’s initial findings, Temu and Shein alone are likely responsible for more than 30% of all packages shipped to the U.S. market in 2012, Shein has been compliant with U.S. that originate from China.

Shipping 262
Insiders

Sign Up for our Newsletter

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

article thumbnail

How Lore of the Sea improved order dispatch speed by 1000 per cent

Inside Retail

Laure moved to Bryon Bay in 2012, where she learned everything she needed to create her own surf wear and the e-commerce brand found its beginnings a couple of years later. . Laure began to look for a way to automate her shipping and help streamline her operations, improve efficiencies, and increase productivity. . “I

article thumbnail

Due Diligence: Winning October Prime Day Prep Strategies

Retail TouchPoints

What still needs to ship? Before founding the company in 2012, Hariharan spent five-plus years at Amazon building out automated vendor management and supply chain. Daily average OPS was 22% higher for the Prime Early Access 2022 sale than BFCM 2022. What sold through? What is Amazon sitting on?

article thumbnail

How Aussie menswear brand Peter Jackson is suiting up for e-commerce expansion

Inside Retail

The brand offers international shipping for online orders but does not plan to invest in brick-and-mortar retail overseas as part of the next phase of the growth strategy. “We’re Nick Jackson entered the business in 2012 after a career as a buying officer for Myer and territory manager at Cambridge Clothing Company.

article thumbnail

Inditex To Shutter Up To 1,200 Non-Zara Stores As It Pivots Toward E-Commerce

Retail TouchPoints

Staff members at the closed stores will be offered new roles with the company, such as handling fulfillment of ship-from-store orders. Most of the closures are expected to be smaller, non- Zara branded locations, and the retailer also plans to open 450 new stores fitted with the latest sales integration technology.

article thumbnail

Turning Retail Losses into Profits

Retail TouchPoints

Since 2012, the median EBITDA for publicly traded retailers was 9.8%, according to Deloitte. The costs tied to ecommerce – from technology and app development to fast, free shipping and returns – can be daunting and may be exacerbating profitability challenges. In 2019, it declined to 6.7% and modestly rebounded to 8.6%