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Treat Returns as a Competitive Advantage that Increases Customer Lifetime Value

Retail TouchPoints

Ecommerce returns are the new reality for retailers, but their rapid rise doesn’t have to crush conversion rates and profitability. Consider how returns are central to the customer experience and can create a competitive advantage, differentiate a brand and increase customer lifetime value. Turn Returns Upside Down.

Returns 311
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Survey: 87% of Consumers Doubt Influencers Use Products They Promote

Retail TouchPoints

The size of the global influencer marketing market has more than doubled since 2019, to $16.4 The effects are massive for the retail industry at large, especially when you consider that $761 billion in merchandise will be returned this year [approximately 16.6% billion in 2022, according to Statista. of all U.S.

Consumer 321
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Why the return of overseas tourists won’t help retail bounce back – yet

Inside Retail

The lack of international tourists over the last two years has cost the retail industry an estimated $90 billion – given tourists spent around $45 billion between July 2018 and 2019, according to data from Tourism Research Australia. This has been a long time coming after more than 700 days of being cut off from the rest of the world.

Returns 262
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M&S poised for FTSE 100 return as turnaround bears fruit

Retail Gazette

M&S shares jumped as much as 9% on Tuesday, putting it on course to be promoted into the FTSE 100 index in the next reshuffle, after its market capitalisation topped £4.3bn. The retailer posted an 11% jump in food sales in the 19 weeks to 12 August. Clothing and home sales were also up, growing 6% over the period.

Returns 98
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Exclusive Q&A: M.M. LaFleur Designs Boutiques to Promote ‘Individual Customer Discovery’

Retail TouchPoints

For example, we’ve framed an image of the jabot [an ornamental ruffled frill worn at the neck] that our Co-founder and Chief Creative Officer Miyako Nakamura designed for Justice Ruth Bader Ginsburg in 2019. RTP: Were there any design elements from your showrooms that you wanted to incorporate into the physical retail space?

Boutique 278
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Myer’s latest trading update is a testament to putting the customer first

Inside Retail

Like many retailers, we have had to contend with inflationary pressures and greater promotional cadence, which has had an impact on profits,” said King. King has been on a 12-month rolling contract with Myer since 2018 and has decided to retire at the end of this financial year to return home to Florida to be with his family.

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Back to reality: Coles’ 6 per cent sales drop signals return to normalcy

Inside Retail

per cent higher than the same period in 2019. We’re beginning to see customers returning to the CBD, as they return to work. And we’re beginning to see customers not only returning to shopping centres but shopping at supermarkets within shopping centres. While a significant drop from Coles’ record 13.1

Returns 147