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What The RealReal’s store closures say about the future of luxury resale

Inside Retail

She also mentioned that it’s a counterintuitive move to close bricks-and-mortar locations when all signs are pointing to a return to in-store shopping, after a period of online over-indexing during the pandemic, with consumers craving experiential retail again. “To In this environment, you need to run smart and lean,” he said.

Shipping 130
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Cars, Wine, Trees — COVID-19 Proved Once and For All that You Can Sell Just About Anything Online

Retail TouchPoints

The COVID-induced ecommerce boom of 2020 saw online sales climb across almost all categories last year, including some unexpected ones. Of course, there are reasons why certain kinds of products haven’t been as quick to become ecommerce mainstays — mailing a live tree will never be as simple as shipping at T-shirt, for example.

Returns 272
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How lifestyle brand Zulu & Zephyr found prime Byron and Bondi retail real estate

Inside Retail

This follows the opening of its first brick-and-mortar store in 2020 when it “effortlessly” came upon an opportunity to open its Byron Bay concept flagship. In 2017, the brand entered the childrenswear market with its mini category as a natural extension of the Zulu & Zephyr co-founders, who were young mothers themselves.

Fashion 130
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7 Expert Tips Guaranteed to Reduce Inventory Costs (2020)

Retalon

More expensive than real estate, merchandising, or even labor — inventory is the largest investment your company makes. The real problem is not having too much inventory. Beyond the financial impact, excess inventory has a real, physical impact on the organization. It determines what product categories you assort.

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How Michael Ford pulled Greenlit Brands back from the brink

Inside Retail

Inside Retail : When I spoke with Gerry Harvey a few months into the Covid-19 pandemic in 2020, he described it as one of the best things for his business because of how much people were spending on their homes. Particularly strong individuals come out of the apparel industry because it’s a high-risk [category].

Apparel 130
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Marks & Spencer’s Turnaround Strategy, Why it’s Working

Indigo 9 Digital

But in 2020 Marks & Spencer opened up its website to outside apparel brands. In a small pilot that took place in October of 2020, where Marks & Spencer sold womenswear brand Nobody’s Child on its website, Marks & Spencer found that close to 10% of customers who bought the brand were new to Marks & Spencer womenswear.

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Jason & Scot Show Episode 283 – 2021 Year End Review

Retail Geek

If you want to follow along on with all the data, here is a visual recap of retail growth 2020-2021. Retailers now compete with social media networks for eyeballs Apparel has shifted from designer led to consumer led, as evidenced by the meteoric rise of Shein. There were clear winners and losers. PDF Download).