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From Omnichannel to Polychannel: How FMCG Shopping is Changing

Retail TouchPoints

As The Wall Street Journal noted, consumers are making 8% more trips to different retailers as inflation impacts household budgets. The Journal also reported that consumers are traveling to cheaper zip codes to shop and are joining loyalty programs to take advantage of promotions in greater numbers, according to retail analysts.

Shopping 289
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Loss-making Surfstitch, Ginger & Smart sold to a mystery buyer

Inside Retail

SurfStitch, meanwhile, has not been able to compete with Shein and Temu, who provide cheaper options for consumers. SurfStitch, an online-first surf and skate wear retailer, was once valued at $500 million but entered voluntary administration in 2017 before undergoing a substantial restructure.

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Banner Black Friday Sales Bode Well for Holiday Season

Retail TouchPoints

Online sales saw an even bigger bump, with Adobe Analytics reporting a new milestone for ecommerce on Black Friday as consumers spent a record $10.8 That is more than double what consumers spent just a few years ago in 2017, when Black Friday drove a little over $5 billion in online spend. billion online, up 10.2%

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Webinar: Salesforce Survey Takes The Pulse Of Marketers And Global Consumers

Retail TouchPoints

Numerous industry experts have commented that COVID-19 has accelerated many existing retail trends, most notably consumers’ embrace of digital commerce. But what do those who are directly involved in decision-making — marketers on one side, consumers on the other — really think about this shift? 12 webinar.

Consumer 274
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Has Amazon Finally Cracked the Code for Grocery Retailing?

Retail TouchPoints

On Sunday I did my weekly shopping at the store to find out if Amazon Fresh might be able to fill the hole left by Fairway, literally and figuratively. Amazons other attempts at brick-and-mortar have fared even more poorly. billion acquisition of Whole Foods. billion acquisition of Whole Foods.

Checkout 284
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Poundland sale puts 200 stores and thousands of jobs at risk

Retail Gazette

Up to 200 Poundland stores could be shuttered and thousands of jobs put at risk as the struggling discount retailers sale process enters a critical phase. Poundland has been up for sale since March , with the process being led by advisers at Teneo. A deal is expected to be finalised by September, in time for Pepcos full-year results.

ATS 120
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Adobe: Consumers Will Spend More Online in First 10 Months of 2021 than All of 2019

Retail TouchPoints

The Adobe Index — which analyzes consumer transactions across more than 100 million SKUs in 18 categories — found that consumers have spent more than $541 billion online in the first eight months of this year, from January through August 2021. Shoppers are making larger purchases , with average order value up 13% at $169.

Consumer 262