Retail TouchPoints

SEPTEMBER 17, 2022

The Consumer Financial Protection Bureau (CFPB) is planning to start regulating buy now, pay later (BNPL) products. in 2020; A total of 13.7% of individual loans in 2021 saw at least some portion of the order returned, up from 12.2% of users charged at least one late fee in 2021, up from 7.8%

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Consumer Payment Services Apparel Accounting 205

Retail TouchPoints

MAY 10, 2021

slowly emerges from the pandemic’s harshest effects, retailers are looking for early insight into post-COVID-19 consumer behaviors. Fortunately, there are some promising signs, according to a recent report from KPMG based on a poll of 1,000 consumers across the U.S. Consumer Spending Looks Promising — at Least for the Short Term.

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Consumer Returns Planning Apparel 149

Retail TouchPoints

APRIL 26, 2021

Justice has returned as an online-only retailer with the launch of its new ecommerce site, ShopJustice.com. The tween retailer shuttered its remaining brick-and-mortar locations in late 2020 — which had numbered 2,800 at the brand’s peak — following the bankruptcy of parent company Ascena Retail Group. ”

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Planning Accessories Apparel Brand Management 235

Retail TouchPoints

APRIL 2, 2021

Kroger outlined plans to deliver total shareholder returns of 8% to 10% in 2021 at its virtual Investor Day, held March 31, 2021. In 2020 alone, driven largely by COVID-19, digital sales doubled , as did the number of households using Kroger’s network of digital offerings. on March 22.

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Supermarket Fulfillment Returns Planning 203

Retail TouchPoints

AUGUST 30, 2021

Retail rode strong into Q2 2021 as shoppers returned to stores even as digital sales remained elevated. The spring and early summer was an optimistic time for many consumers who finally emerged from lockdowns looking to refresh their wardrobes and find items suited for smaller local outings during the warmer months.

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Consumer Fulfillment Department Stores Sporting Goods 303

Indigo 9 Digital

NOVEMBER 16, 2023

By Tricia McKinnon Over the past decade direct-to-consumer businesses have popped up in nearly every corner of the retail sector. From mattresses sold by Casper to prescription eyeglasses from Warby Parker ambitious founders have taken a page from Amazon’s playbook hoping to sell goods directly to consumers online. million and $58.5

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Consumer Returns Advertising Marketing 98

Retail TouchPoints

OCTOBER 27, 2021

But supply chain pressures and ongoing uncertainty surrounding the pandemic means that consumers are focusing less on how immersive and entertaining in-store shopping experiences are and more on how safe and efficient they are. Despite these reservations, 47% of consumers plan to shop in-store this holiday season, an 8% increase from 2020.

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Consumer Loss Prevention Fulfillment Store Layout 247

Retail Focus

FEBRUARY 24, 2022

Nearly half of retailers think they will see the end of widespread supply chain delays and disruption this year, with movement of goods returning to levels of normality seen before COVID and Brexit. The post Supply chain confidence returning for retailers appeared first on Retail Focus - Retail Design.

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Retail TouchPoints

MARCH 11, 2021

Buoyed by a return to growth in Q4 2020, Adidas has unveiled a new growth strategy that will transform the company into a direct-to-consumer-led business with an emphasis on sustainability. The company also plans to double ecommerce sales, from the current figure of more than €4 billion ($4.8 More than €1 billion ( $1.2

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Planning Wholesale Sporting Goods Accounting 192

Retail TouchPoints

FEBRUARY 22, 2021

and Canada, said that traffic at its domestic centers returned to 99% of pre-pandemic levels in January. “Our business continues to improve, with the consumer embracing open-air outlet centers as a preferred venue for shopping and entertainment,” said Stephen Yalof, CEO of Tanger Outlets in a statement.

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Returns Consumer Shopping Planning 162

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. Adding to the overall shipping volume will be those consumers who would normally have purchased a gift in-store and brought it to the recipient themselves.

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Shipping Fulfillment Shopping Consumer 246

Inside Retail

MAY 2, 2021

Covid-19 hit the reset button on consumer behaviour. Retail brands quickly realised that it was no longer business as usual after the pandemic set in, and marketing plans, execution, creative, and channels had to be re-thought wholescale. This leaves the obvious question: how exactly has Covid-19 altered consumers?

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Consumer Social Commerce Shopping Returns 200

Retail TouchPoints

FEBRUARY 23, 2021

Macy’s Q4 and full-year 2020 results show signs of a turnaround for the department store, hard hit, like many of its counterparts, by the COVID-19 pandemic. The Polaris strategy proved to be a critical enabler of our performance in 2020, allowing us to adapt and innovate with agility during the pandemic,” said Gennette.

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Department Stores Returns Jewelry Apparel 211

Inside Retail

FEBRUARY 27, 2022

Brands that successfully surfed 2020’s first wave of Covid-impacted consumer behaviour changes have now learned that was the best and longest ride. The reality is that 2020 was a year like no other. There are always winners and losers with large-scale shifts in consumer behaviour, and this time is no different.

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Consumer Supermarket Shopping Returns 130

Inside Retail

JULY 3, 2023

Despite former CEO Tony Nash’s contentious exit last year from the company he co-founded, Nenke said that he doesn’t plan to deviate from the playbook. Part of this is due to the return to bricks-and-mortar retail, with more people buying books impulsively while out-and-about, rather than online.

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Returns Fulfillment Planning Consumer 130

Retail TouchPoints

JANUARY 5, 2021

Preliminary holiday 2020 results have proven unsurprising so far: analysts expect modest year-over-year growth fueled by a massive increase in ecommerce activity across a longer-than-usual season. 24, 2020), or 2.4% However, the larger story of holiday 2020 is still being written. 11 through Dec. during the traditional Nov.

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Drop-Shipping Merchant Services Returns Shipping 247

Retail Gazette

NOVEMBER 8, 2023

Bensons for Beds has returned to profitability for the first time since 2020 driven by the success of its turnaround plan. Bensons for Beds chief executive Nick Collard said: “The last 12 months has been tough for the retail sector as the cost of living continues to hit consumer spending hard. “We

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Planning Returns Consumer Marketing 57

Inside Retail

MAY 9, 2021

Simon Schofield : Despite the impact 2020 had on the retail sector, it certainly was a special year for Witchery. SS: Covid has undoubtedly impacted the way consumers are shopping, and it’s impossible to ignore the consistent growth in the digital space as a result.

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Planning Fashion Returns Location 246

Retail TouchPoints

APRIL 21, 2023

David’s Bridal has been struggling with changing consumer habits — weddings fell to their lowest level in 121 years in 2020, which is unsurprising, and they have yet to return to previous levels. million weddings were held in the U.S. in 2022, compared to an average of 2.2

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Returns Planning Management Consumer 244

Mass Relators

FEBRUARY 23, 2024

NEW YORK — Consumers are still worried about rising prices, according to the latest data from Deloitte’s ongoing ConsumerSignals study. That’s important because a sense of personal financial well-being can impact how consumers approach everything from budgeting for big purchases to their grocery lists. a year ago.

Consumer 52

Consumer Payment Services Home Furnishings Planning 52

Retail TouchPoints

NOVEMBER 9, 2021

As product scarcity issues continue to dominate this holiday shopping season, consumers are increasingly turning to resale to get the goods — and platform operators are taking notice. The auction-based website is now available to consumers in Arizona.

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Returns Sporting Goods Accessories Consumer 270

Retail TouchPoints

APRIL 27, 2023

For example, most consumers today are concerned about carbon emissions, climate change and sustainability. Increasingly, consumers are choosing to do business with retailers and brands with values that align with theirs. In 2020, 62% of consumers had made that kind of switch.

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Drop-Shipping Returns Shipping Consumer 249

Retail Gazette

APRIL 3, 2024

Turning around an unprofitable business is no mean feat, but throw in a cost-of-living crisis where consumers have significantly pulled back on discretionary spend and that’s one steep hill to climb. His plan has worked and its “investment in good cost and reduction in bad cost” is clearly garnering results.

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Returns Payment Services Marketing Consumer 62

Inside Retail

JULY 19, 2022

The company that changed the way we watch television and movies aims to emulate the success of Mickey Mouse and “Star Wars,” by trying to build brands that traverse film, television, games and consumer products, executives told Reuters in recent interviews. It has to start with the story itself. ” Thunell said.

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Planning Advertising Consumer Returns 130

365 Retail

JUNE 21, 2021

Chief executive Ken Murphy said plans are in the early stages but he is hopeful it can match the appeal of similar scan-and-go stores being rolled out by Amazon in the UK. Tesco has seen strong sales despite tough comparisons with 2020 (Nick Ansell/PA). We’re seeing higher frequency shopping and we’re seeing smaller basket sizes.

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Checkout Returns Planning Shopping 62

Retail TouchPoints

MARCH 15, 2024

Founder Kevin Plank Returns to Lead Under Armour Kevin Plank will return to Under Armour as the company’s President and CEO, effective April 1, 2024. A veteran of Marriott International , Linnartz took over the role from former Aldo Group CEO Patrik Frisk, who replaced Plank in January 2020 but resigned a little over two years later.

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ATS Returns Wholesale Planning 232

Inside Retail

MAY 11, 2021

During 2020, while many retail tenants stopped paying rent and, in some cases, closed their doors entirely, homemaker centres continued to cash rent checks, seeing them go on to live another day. The post Opinion: Is it time for the return of homemaker centres? million going to a regional centre in Western Australia.

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Returns Payment Services Shopping Planning 130

365 Retail

FEBRUARY 24, 2022

Nearly half of retailers think they will see the end of widespread supply chain delays and disruption this year, with movement of goods returning to levels of normality seen before COVID and Brexit. The post Supply chain confidence returning for retailers appeared first on 365 RETAIL | Retail Technology News.

Returns 78

Returns Inventory Management Shipping Management 78

Retail TouchPoints

JULY 8, 2021

has entered a multi-year national partnership with buy now, pay later solution Afterpay to support retailers in offering flexible payment solutions to returning shoppers. million customers have set up an Afterpay Card to shop in person since the solution went live in fall 2020. Leasing at URW in a statement. “We

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Promotions Advertising Returns Customer Experience 264

Inside Retail

MAY 11, 2021

Now Aje is planning to finally enter the Perth market, with the launch of a permanent store at Karrinyup Shopping Centre. IR: What are some of the interesting business insights and lessons you learnt from 2020 and what were some of the long-term impacts of it on Aje? On the runway you’ll see an explosion of colour from the.

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Returns Fashion Boutique Accessories 162

Retail TouchPoints

OCTOBER 23, 2020

plans to shrink its store footprint by 350 locations as the retailer works to return to profitable growth in 2021, according to CNBC. Longer-term, the company plans to reconfigure its operations so that 80% of revenue comes from ecommerce and off-mall locations by January 2024. for Q2 2020, which ended Aug.

Returns 175

Returns Apparel Planning Accounting 175

Mass Relators

MARCH 28, 2022

WASHINGTON – Eighty percent of Americans plan to celebrate Easter this year and will collectively spend $20.8 Consumers are eager to return to their pre-pandemic holiday traditions, particularly as it relates to purchasing food and gifts for in-person celebrations this Easter,” NRF President and CEO Matthew Shay said.

Consumer 52

Consumer Discount Store Department Stores Planning 52

Retail Assist

MARCH 1, 2021

After Boris Johnson’s announcement last week, it was very encouraging to hear the government’s plans for the UK exiting lockdown – and hopefully returning to some normality. And, after many months of being constricted to walks and shopping online, data from the previous reopening shows that consumers are ready to make a return.

Planning 98

Planning Returns Consumer Shopping 98

Inside Retail

JUNE 9, 2021

Fast-growing Australian online retailer Canningvale plans to relaunch the iconic Singaporean department store Robinsons as an online-only business this month after acquiring the company’s digital assets for an undisclosed sum. Returning to its roots. Despite achieving sales of S$257.3 That is one of the reasons we see an opportunity.”.

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Planning Department Stores Fast Fashion Fulfillment 147

Inside Retail

AUGUST 18, 2022

The brand has some awareness in New Zealand due to its sponsorship of the All Blacks since 2020 [when it was] named the official formalwear and denimwear partner of the national All Blacks, the All Blacks Sevens and the M?ori The post From the All Blacks to Sylvia Park: Replay reveals NZ expansion plans appeared first on Inside Retail.

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Planning Fashion Accessories Management 130

Retail TouchPoints

JUNE 15, 2020

These consumer sentiments, along with the need to protect the health of both shoppers and store associates, means retailers need to be stringent about enforcing social distancing and other safety measures as they reopen. In fact, displaying an abundance of caution will be required to bring many consumers back into physical stores.

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Consumer Payment Services Returns Shopping 133

Inside Retail

JANUARY 11, 2022

Innovation, adaptability and swift implementation were the bywords for surviving 2020 and continue to be drivers for the sector. Delivery will keep growing as this service evolves and consumers continue to value convenience. We plan to have both centre sites and high street sites across Australia.

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Consumer Kiosk Planning Location 130