Retail TouchPoints

AUGUST 1, 2022

It’s one of the most active communities on TikTok, all centered around the hashtag #BookTok — but don’t confuse it with social commerce. Sales at Barnes & Noble are soaring, with 2022 on track to be stronger than 2021 and 2019, the company’s Director of Books, Sharon DeVito, told Bloomberg. . “I

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Inside Retail

NOVEMBER 8, 2023

The return of independent bookstores As of 2023, the American Book Association (ABA) has announced a total 2,185 bookstore businesses, 2,599 locations, and over 300 more members than it had in 2019, reaching its highest membership levels in over 20 years. What’s driving this resurgence?

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Retail TouchPoints

DECEMBER 22, 2021

billion — a 1% increase from pre-pandemic times in 2019. But like much of the world, the luxury sector looks very different today than it did in 2019. Influencers continue to have a substantial impact and we are seeing an increase in social commerce in the luxury space. We also see streaming having an impact now.

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Retail TouchPoints

JANUARY 24, 2023

Social shopping is becoming more and more popular given the surge in social media usage and the ease of completing a transaction without ever leaving the app. It’s no surprise that social commerce sales are expected to reach $45.74 billion in 2022. Based on November 2022 data, Twitter is No.

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Retail TouchPoints

AUGUST 14, 2020

since the 2019 State of Marketing report. “It Social commerce, engaging customers through influencers and shoppable posts are a few of the strategies being used by top retailers. “We’re AI Leading The Transformation. Artificial intelligence (AI) is a critical component of successful digital and customer transformation.

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Inside Retail

OCTOBER 21, 2021

. “(The) combination would be a significant positive for PayPal’s ongoing monetization initiatives on both sides of its merchant and consumer platforms, especially if Pinterest’s social commerce platform gets integrated with Honey’s AI into PayPal’s destination app,” Wedbush analysts wrote in a note.

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Inside Retail

FEBRUARY 26, 2023

This is largely unknown by customers; an Optoro study completed in 2019 found that nearly 90 per cent of online shoppers incorrectly believe returns are immediately restocked. Furthermore, in Australia, data from Australia Post reveals return rates have doubled since 2019.

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Retail TouchPoints

DECEMBER 8, 2022

Inspire builds on Amazon’s live shopping feature, which debuted in 2019. The company also pointed to the new offering as another way for influencers and brands “to grow a successful and rewarding business.” Inspire appears to be a response to those creator concerns.

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Retail TouchPoints

AUGUST 19, 2021

Maloney added that he believes retail sales will continue to outpace last year and even comparable sales in 2019. In the digital realm specifically, she pointed to social commerce and specifically, livestreaming, as a key opportunity for retailers to start building engagement, especially around new holiday campaigns and releases.

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365 Retail

DECEMBER 21, 2021

In the post-pandemic period, we saw an immediate reduction in online sales as customers returned to the high street, albeit not to the levels of 2019. Consumers are increasingly online and on social media, which is leading to a boom in social commerce. first hand.? . consumer survey?we

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Inside Retail

JANUARY 11, 2024

Today, the consumers going wild for the brand’s most popular beverage holder, the Quencher, are primarily women, aged anywhere from 10 to 40 years old, who love showing off their tumbler as an accessory for their “outfit of the day” (OOTD) videos on social media. So how did the product come back from the dead?

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Retail TouchPoints

FEBRUARY 15, 2022

From 2019 to 2020, the size of the virtual idol market in China jumped 70.3% Using cloud-based AI technology, Dong Dong has been equipped with “human-like features, a sparkling personality and the capability to interact with audiences naturally.”. billion yuan (nearly $1 billion ) in 2021.

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Retail TouchPoints

NOVEMBER 3, 2023

Elizabeth Preis, Global Chief Marketing Officer (CMO) at Anthropologie, was alerted to the depth of people’s affection for Anthropologie when she joined the retailer in December 2019: “I was floored by the thousands of people who reached out when I updated my LinkedIn,” she said during last month’s Advertising Week New York in a session titled Cracking (..)

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Retail TouchPoints

APRIL 30, 2021

GasBuddy’s partnership with Audible was the subject of a 2019 Retail Innovation Conference session. “GasBuddy has built an amazing and engaged community,” said Sarah McCrary, CEO of GasBuddy in a statement. With PDI resources behind them, our users will get even more benefits from the app moving forward.”. Berenson & Co.

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Retail TouchPoints

APRIL 18, 2023

After years of degrading consumer trust in platforms, brands and the influencers they hire, Agha’s premise is that his TikTok-esque social commerce platform — which features product reviews only from real, authenticated shoppers — will power the next wave of ecommerce discovery and online community. Here’s how he’s doing it.

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Inside Retail

JUNE 29, 2022

Back in 2019, Fortnum & Mason opened in Hong Kong its first fully-owned and operated shop and restaurant in Asia, as a gateway to strengthen customer connections across the region. Understanding the Chinese consumer. With our 300 years of history, there are many stories to share to enable our consumers to get to know the brand better.

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Retail TouchPoints

MARCH 1, 2024

AI Directs the Most Effective Ads to the Most Likely Purchasers The AI element comes from solution provider Albert , which Natori, a family-owned and run business founded in 1977, has worked with since 2019.

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Retail TouchPoints

JULY 23, 2021

Shoppers began reprioritizing what was essential and what was not compared to 2019. According to Digital Commerce 360 , “consumers spent $861.12 billion in 2019.”. Last year was a blessing in disguise — and the necessary wake-up call for retailers to make an online transition. Online is Now a ‘Need to Have’.

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Retail TouchPoints

MAY 14, 2021

Unsurprisingly, the prevalence of online shopping made Google Paid Search ads a winner in 2020: average ROAS rose 31% while CPC fell 14% compared to 2019. Targeting Makes Google Paid Ads Cost-Effective, but Privacy Concerns Loom.

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Retail TouchPoints

NOVEMBER 16, 2022

It will include the Holiday 2022 Meta Foresight Interactive Report , offering insights from the 2019, 2020 and 2021 holiday seasons across 33 key markets as well as tips on turning new holiday customers into returning shoppers after the season ends.

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Retail TouchPoints

SEPTEMBER 22, 2022

From 2019 to 2021, the Luxury Pavilion has seen its customer base grown by more than 150% and sales have increased nearly 300%. To celebrate the platform’s anniversary and solidify its dominance in online luxury, the Luxury Pavilion will host an augmented reality fashion show on Sept. 22 in collaboration with Vogue China.

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Retail TouchPoints

MARCH 9, 2023

Now owned by the SPARC Group (a joint venture between brand management firm Authentic Brands Group (ABG) and mall operator Simon Properties ), Forever 21 has spent the last few years refining its image and business model to avoid a repetition of its 2019 bankruptcy.

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A1 Retail

APRIL 23, 2021

Discoverability has become a growing priority for Shopify merchants and social commerce provides an opportunity for independent businesses to grow their audience. Shopify’s 2021 Future of Commerce report found that 54% of younger consumers globally discover brands via social media.

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Small Biz Trends

JULY 8, 2021

over 2019 in spite of ubiquitous public health emergencies in the country. According to a report from eTail and Stackla, 89% of retailers surveyed are either currently using social commerce, implementing it, or planning to do so within 24 months at the latest. Retail Statistics: The Big Picture.

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Retail TouchPoints

APRIL 28, 2023

During this time, as a “lean and mean” team, “We didn’t really have social media, we didn’t do any marketing,” Wells explained. “We When he returned to True Religion as creative director in late 2019, social media and the creator economy had reached a critical inflection point.

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Retail TouchPoints

NOVEMBER 16, 2020

That’s nearly 2X the 2019 GMV total of $38.4 For Singles Day 2019, there were huge problems with the postal service, couriers and warehousing in general. The topline numbers from Alibaba ’s 11.11 shopping festival indicate the strength of China’s rebound from the impact of COVID-19. 1 — generated $74.1 billion (U.S.)

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Retail TouchPoints

NOVEMBER 10, 2020

While this figure is down $50 from 2019, given 2020’s overall uncertainty, such a slight decline would represent a significant victory. A survey by Accenture found that 75% of consumers say they’ll do at least some of their holiday shopping online, up from 65% in 2019, while 43% plan to shop online exclusively.

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Retail TouchPoints

FEBRUARY 7, 2023

Bain & Company data validate this perspective, noting that Europe managed to recover beyond the 2019 pre-COVID baseline due to the spike in tourism as well as solid local demand. Luxury will benefit “from travel spending as it is an anchor souvenir of a good time, as we saw during summer 2022 when the U.S.

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Retail TouchPoints

JULY 30, 2020

Households with children in elementary and high school are set to spend an average of $789.49 , far exceeding the 2019 record of $696.70. The most notable shift between the 2019 back-to-school season and today is the strong consumer preference for technology over traditional items like apparel and even school supplies.

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Retail TouchPoints

JULY 9, 2020

Although the country was the first to go through lockdowns, its economy has recovered, “to the point where GDP growth is forecast to surpass the 2019 increase and continue to expand,” she explained.

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Retail TouchPoints

JULY 20, 2022

In 2019, retailers adopted only 57% of mobile best practices. But for the entire industry, “there are some notable areas of improvement that tie to significant omnichannel trends.” These key investments and opportunities include: Mobile experience. Pre- and post-COVID Index results reaffirm the elevated role of mobile in the shopping journey.

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Retail TouchPoints

OCTOBER 6, 2022

In fact, McNamara noted that Mastercard predicts a comeback for Black Friday 2022, with total sales exceeding 2019 results. “This means a shift in promotional calendars,” noted Kroner, “and a bounce back to some promotional events we saw prior to the COVID period that are going to be core components of what happens this holiday season.”

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Rangeme

SEPTEMBER 28, 2021

social commerce sales rose 35.8% billion in 2019. Experts predict social commerce sales will reach $79.64 E-commerce skyrocketed during the pandemic. A recent survey found 88% of respondents used Amazon Advertising to drive growth in their e-commerce business—up 21% from 2019. The Robin Report.

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Inside Retail

OCTOBER 12, 2023

With the meteoric rise of TikTok in 2019, however, came a wealth of perfume-related content and new, fragrance-focused influencers like Fumi Monet, Kudzi Chikumbu, and Olivia VanDerMillen, who sold perfume more by the concept than the scent of the product itself.

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Retail TouchPoints

APRIL 6, 2021

Social commerce is poised to be the focus of the next retail revolution: two-thirds of consumers say that social media has become as important as their other sources of information when making purchase decisions, according to data from Facebook. Betabrand’s Shows Are Live — and the Retailer Wants You To Know It.

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Inside Retail

FEBRUARY 15, 2024

Indeed, the high e-commerce penetration rate in China, 37 per cent for total apparel and footwear sales and almost 14 per cent for designer apparel and footwear sales in 2023, made social commerce and livestreaming the natural next step for luxury and fashion.

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Inside Retail

MAY 29, 2022

GrabMart parent Grab Holdings recently acquired a majority stake in Jaya Grocer, a leading mass-premium supermarket chain in Malaysia, to roll out on-demand grocery, which will ultimately evolve into q-commerce. Social commerce will remain a preferred shopping channel. per cent, against 1.3 per cent for its closest competitor.

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