Retail Focus
APRIL 9, 2021
With consumer use of e-commerce said to have accelerated by up to five years in the first UK lockdown, some retailers were initially left floundering as panic buying ensued and supply chains were challenged to keep shelves stocked, as well as extend their home delivery capabilities. With e-commerce sales reaching 21.8%
Inside Retail
APRIL 12, 2021
Nike will start collecting and cleaning some of the sneakers that are returned by customers and reselling them at a discount in stores as part of its Nike Refurbished program, which launched on Monday. . A number of different products and tools are used to return them to as close to new condition as possible, according to Nike.
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Inside Retail
SEPTEMBER 6, 2022
Figures from Euromonitor show that the number of convenience stores in Vietnam increased from just 565 in 2014 to 1289 by 2019 when revenues reached US$103 billion. The key players at the time were FamilyMart, Circle K, and B’s Mart, with market shares of 21.4 per cent share of the convenience-store market with around 140 stores.
Retail TouchPoints
NOVEMBER 17, 2021
From a geographic standpoint, the Chinese market and customers will become the most important buyers for luxury, representing more than 45% of global purchases in 2020 (vs. 35% in 2019). Brands that are looking to expand or invest further into China should be aware of the market dynamics and act accordingly.
Retail TouchPoints
OCTOBER 23, 2020
Department of Commerce, online sales steadily increase each year, yet they accounted for only 16% of total retail sales , or $602 billion sales out of $3.763 trillion total sales in 2019. Advantages of Becoming a ‘Clicks to Bricks’ Retailer. Boost customer touch points. Consistency also is imperative.
Inside Retail
JUNE 5, 2023
With the pandemic fading in the rearview mirror, inflation becoming more subdued and consumer confidence returning, the home improvement sector is heating up along with Thailand’s summer weather. per cent growth in 2022, bringing total retail sales to 65.1 Forty of its 113 stores in Thailand are in the Greater Bangkok area.
Retail TouchPoints
NOVEMBER 10, 2020
Retailers have reason for cautious optimism this holiday season: shoppers are expected to spend an average of $997.79 on gifts, holiday items and additional “non-gift” purchases, according to data from the National Retail Federation and Prosper Insights & Analytics. Transparency shouldn’t end when a shopper makes a purchase: 73%.
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