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Have Temu and Shein Thwarted Wish’s Hopes of a Comeback?

Retail TouchPoints

And Wish, which held that top spot back in 2018, has now dropped out of the top 50 completely after having fallen to #35 as of last March. There are other troublesome indicators for the company: Q2 saw declines across the board at Wish. The trade-off is long shipping times, another thing Wish is working hard to improve.

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Experts weigh in: how economic conditions will impact retailers in 2023

Inside Retail

Coming out of (or still in) the Covid-19 pandemic, experts are forecasting turbulent times for Australia’s retail industry, as it grapples with – among other factors – the effects of rising interest and inflation rates, diminished consumer confidence and potential drop in spending throughout the year. But not all consumers are equal.

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How Worthy Conquered Mistrust Issues In Jewelry Resale

Retail TouchPoints

Consumers stuck at home have had the time to thin out their wardrobes and make room in the garage — along with strong financial incentives to turn their possessions into cash. With consumers seeking bargains from home, online secondhand is set to grow 69% between 2019 and 2021, while the broader retail sector is projected to shrink 15%.”.

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6 Reasons Walmart’s eCommerce Strategy is Winning

Indigo 9 Digital

Consumers love shopping online but what they really want is control. Be honest, before the pandemic weren’t you were part of the vast majority of consumers that had never tried curbside pickup? This service is also beneficial for consumers worried about their goods being stolen after they are dropped off. More than 1.7

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Guest Post: Elevate Your Business’ Customer Service With the Help of QR Codes

Hyken

Even before the pandemic, usage of QR codes increased by 96% between 2018 and 2020, highlighting its importance in this digital era. They save critical data, allowing consumers to access information and execute certain activities more quickly, ensuring an excellent customer service experience. . QR codes for drive-thru transactions

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How to Overcome Cart Abandonment at Your eCommerce Store

Wiser

Did you know that the average cart abandonment rate at the beginning of 2018 was 75.6 Limited Shipping Options . Another factor that could cause buyers to walk away is a lack of shipping options. Amazon, for example, has its incredibly popular Prime shipping, but buyers can also choose more traditional—i.e.

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What are Retail Markdowns?

Wiser

According to a 2019 study by retail think tank Coresight Research, retailers in 2018 completely missed out on roughly $300 billion in revenue, or 12 percent of total retail sales, due to markdowns. Plan Markdowns Throughout the Selling Season. Don’t believe us? Promotions are how you drum up excitement for your offerings.

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