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Report: Rent The Runway Exits Brick-And-Mortar

Retail TouchPoints

the former New York City flagship will become a drop-off site for returning items. On March 27, Rent the Runway laid off its entire retail staff during a Zoom call, offering no assurance that the jobs would return, according to a report in The Verge. “We We have no visibility into when or if we will be able to reopen our stores.

Apparel 247
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JB Hi-Fi taps new execs to its leadership team

Inside Retail

Wells has been Group CFO since 2014, overseeing the finance division and leading the acquisitions of The Good Guys in 2016 and E&S this year. He previously worked at JB Hi-Fi for three years before holding senior finance positions at the Catch Group. He returned to JB Hi-Fi as GM in 2016.

Finance 130
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Clean Data, Clean Planet: How Online Retailers can use Data Analytics to Reduce Their Carbon Footprint

Retail TouchPoints

Preventing, Reducing and Managing Returns. Ecommerce returns rates are on the rise, growing by 95% between 2014 and 2019. Stock returned to retailers is often landfilled — considered financially unviable to circulate back into inventory. New advancements in technology can also reduce returns at source.

Shipping 264
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The Future of AR-Enabled 3D Scanning in Fashion Retail

Retail TouchPoints

For ecommerce retailers — particularly those in the fashion sector — this represents a massive opportunity to heighten sales, lower returns and offer customers a new way to shop online. Online purchases are three times more likely to be returned compared to in-store purchases. The Problem With Fashion Etail.

Fashion 234
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Buy Now, Pay Later: Does it Work for your Online Retail Business?

Retail TouchPoints

BNPL solutions are a way for merchants to offer point-of-sale financing via a simple installment payment plan. In return, merchants pay a fee that varies from approximately 2% to 5% of the overall purchase price. Penny Townsend serves as Chief Product Officer at Qualpay , a company which she co-founded in 2014. Buy Now Pay…What?

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Guarding the Retail Fortress: Cybersecurity Challenges and Network Interruption Risks

Retail TouchPoints

A network outage can mean lost sales in the short term, as shoppers simply move to another brand for that purchase, or losses in the long term if that customer does not return. The Evolving Threat Landscape Retailers increasingly rely on digital platforms for sales, inventory management and customer engagement.

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How Resale is Driving the Reinvention of Luxury Retail

Retail TouchPoints

Sandro and Maje in 2014 in the United States was opening one store every three days — that’s how much the demand was. Additionally, this generation has a more educated and proactive approach toward finances than perhaps any other previous generation. return that could then be reinvested in another friend’s business concept.

Consumer 306