Retail TouchPoints

MAY 30, 2022

A huge part of retaining customers is having a return policy that is clear and concise, giving customers the security they expect and want. In trying to accommodate all customer demands while simultaneously fighting for market share in a rapidly expanding and competitive fashion industry, retailers are relaxing their return policies.

Returns 328

Returns Fashion Supply Chain Management Shopping 328

Retail TouchPoints

APRIL 23, 2021

Flexible payment provider Affirm is expanding its range of services to include the post-purchase experience with the acquisition of online returns solution Returnly for approximately $300 million. Returnly currently facilitates returns and replacements for online orders for more than 1,800 merchants.

Merchant Services 279

Merchant Services Payment Services Returns Fashion 279

Retail TouchPoints

MARCH 24, 2022

Ask any retailer or consumer and they’ll agree on this point: ecommerce returns are a problem — albeit for diametrically opposed reasons. Meanwhile, more than three in four (78%) consumers say they’ve had an inconvenient online returns experience recently, per Pitney Bowes latest BOXpoll survey. consumers love the USPS.

Returns 312

Returns Drop-Shipping Merchant Services Shipping 312

Retail TouchPoints

MARCH 24, 2021

With returns of online purchases rising 148% in 2020 based on year-over-year comparisons, according to the National Retail Federation , retailers are seeking to improve the shopper’s experience while also streamlining the many elements involved in processing returns.

Returns 260

Returns Fulfillment Management Consumer 260

Retail TouchPoints

JUNE 28, 2022

retail segment; the National Retail Federation (NRF) found the value of merchandise returned by consumers last year topped nearly $750 trillion. There is clearly a mounting and significant return waste problem. So why aren’t merchants processing these returns in efforts to recoup these massive losses? Take the U.S.

Returns 268

Returns Merchant Services Fashion Fast Fashion 268

Retail TouchPoints

MARCH 24, 2021

The retailer is still struggling under the challenges of the past year, with Q4 2020 sales falling 23.7% million in Q4 2020, down from a $2.4 Its annual net loss for 2020 was $64.5 Destination XL has received a $17.5 The retailer saw a net loss of $5.1 million profit during the same period in 2019. million compared to a $7.8

Operating Expenses 239

Operating Expenses Apparel Returns Planning 239

Retail TouchPoints

DECEMBER 22, 2020

Seeking to minimize customers’ return complexities, Walmart has partnered with FedEx for at-home pickup of unwanted gifts or ill-fitting apparel. Customers can schedule returns via the new Carrier Pickup by FedEx service for products that have been shipped and sold by Walmart.com, using either the website or the Walmart app.

Returns 263

Returns Drop-Shipping ATS Shipping 263

Inside Retail

MAY 29, 2022

Zara’s decision to start charging for online returns this month has raised complex questions about why people send back such a high proportion of items they buy online, and what can be done about it. As of 4 May, the Spanish fashion brand has started charging customers around the world for returns sent back through the mail.

Returns 246

Returns Merchant Services Consumer Shopping 246

Inside Retail

OCTOBER 8, 2023

Thousands of beauty-lovers descended on New York City recently to enjoy the return of Sephoria, a consumer beauty event that Sephora first launched in 2018. After cancelling the festival entirely in 2020 due to the pandemic, Sephora introduced a digital version in 2021.

Returns 246

Returns Consumer Marketing Location 246

Retail TouchPoints

NOVEMBER 27, 2020

I believe that 2020 will be the year that Black Friday merges with Cyber Monday and permanently shifts to becoming an online event. The Future of Black Friday, in 2020 and Beyond: Online Data Collection to Pave the Way. There is little doubt that this year’s holiday shopping season will be different than years past.

Shopping 317

Shopping Consumer Marketing Promotions 317

Retail TouchPoints

MAY 11, 2021

It’s becoming increasingly clear that returns have costs that go well beyond the financial. 5 billion pounds of returned goods end up in landfills and 15 million metric tons of carbon dioxide are emitted in the transportation of returns, according to research conducted by reverse logistics solution provider Optoro.

Returns 312

Returns Consumer Shopping Accounting 312

Retail TouchPoints

JANUARY 7, 2022

It’s been another year of record-breaking ecommerce sales combined with unprecedented snarls across shipping and inventory ecosystems, so it should come as no surprise that return rates for 2021 are expected to have gone through the roof. Getting at the Root of Apparel and Footwear Returns.

Returns 264

Returns Apparel Fashion Supply Chain Management 264

Retail TouchPoints

MAY 5, 2021

The retailer is seeking to drive foot traffic as shoppers return to stores following the pandemic and the launch coincides with a plan to hire 20,000 new associates. Circle K has been upping its fresh options over the past year, including the launch of new products in 1,500 locations during 2020.

Returns 299

Returns Location Planning Marketing 299

Retail TouchPoints

OCTOBER 22, 2020

The all-important holiday season always demands retailers’ full engagement and energy, but the 2020 holiday season presents unique challenges. This poses unprecedented uncertainties for retail pricing and merchandising teams for the holidays in 2020. Retailers and their shoppers are whiplashed accordingly.

Promotions 271

Promotions Markdowns Returns Shopping 271

Retail Focus

APRIL 20, 2024

The VAT Retail Export (VAT RES) scheme, which previously allowed tourists from outside the EU to claim back VAT on goods brought in the UK – effectively making them 20% cheaper – was abolished by the then-Chancellor, Rishi Sunak, in 2020.

Returns 148

Returns Consumer Shopping ATS 148

Retail TouchPoints

MARCH 24, 2022

Build-A-Bear Workshop is celebrating the return of in-store parties, which were shut down for two years during the COVID-19 pandemic. Non-employee board director cash compensation was eliminated for Q1 2020. In honor of the milestone, Build-A-Bear is offering a Silver Celebration Party package.

Returns 318

Returns Accessories Location ATS 318

Inside Retail

OCTOBER 23, 2023

Providoor was founded by Melbourne-based chef Shane Delia in 2020. The post Premium meal delivery service Providoor returns with new investment appeared first on Inside Retail Australia. The meals are pre-prepared in the new Providoor kitchens located throughout Sydney in Homebush, Five Dock, Neutral Bay and Moore Park.

Returns 130

Returns Location ATS 130

Retail Focus

MAY 31, 2023

Longmartin Properties Ltd, a joint venture between Shaftesbury Capital and the Mercers’ Company, has announced that Odd Muse, the independent ‘investment fashion’ label, has returned to The Yards , Covent Garden for its second pop-up, following its highly successful debut bricks-and-mortar experience at the destination last month.

Returns 148

Returns Fashion Accessories Location 148

Retail Wire

JANUARY 26, 2022

The percentage of products bought in stores and online and returned rose to 16.6 percent in 2020, according to a survey by the National Retail Federation and Appriss Retail. Online returns rose to 20.8 percent last year, up from 10.6 percent up from 18.1 percent.

Returns 130

Returns 130

Retail TouchPoints

MAY 14, 2021

ROI for online advertising benefited from the shift to ecommerce in 2020, as well as the increasingly granular targeting capabilities offered by the biggest players in the space, according to the Sidecar 2021 Benchmark Report. Targeting Makes Google Paid Ads Cost-Effective, but Privacy Concerns Loom.

Advertising 262

Advertising Returns Social Commerce Marketing 262

Retail TouchPoints

APRIL 30, 2021

The wide range is due to uncertainty regarding how consumers will shop post-pandemic — potentially impacting the performance of Prime Day 2021, which has returned to a Q2 date. In 2020, Prime Day was delayed until October. Prime Day Returns to July, but Amazon Still Welcomes Experimentation. Total sales rose 45.2%

Returns 264

Returns Shipping Fulfillment Management 264

Inside Retail

MAY 11, 2022

Australians are returning to shopping malls as Covid fears subside with Scentre Group reporting customer visitations up 12 per cent on 2021 levels during the first quarter. It’s the worst figure since August 2020 when Victoria was suffering from Covid-related lockdowns. . per cent to 90.4 per cent in 2022.”.

Returns 264

Returns Consumer Specialty Store Shopping 264

Retail TouchPoints

MAY 17, 2023

in February 2020. Returning to work after retirement can be a challenging experience, and it is imperative for workplaces to provide these employees with the necessary tools and support to facilitate a smooth transition and a feeling of belonging.

Returns 306

Returns Employee Engagement Management Marketing 306

Retail TouchPoints

JUNE 10, 2020

Consumer-friendly and flexible return policies can be the difference between getting a new customer and losing a sale. According to proprietary research conducted by Forter, 23% of shoppers will abandon their carts if returns options are poor. Returns Abuse And Customer Expectations. This is amplified in some industries.

Returns 179

Returns Merchant Services Drop-Shipping Accessories 179

Retail TouchPoints

MARCH 15, 2021

Lord & Taylor will return from bankruptcy as a digital-first retailer in April under its new owner Saadia Group, according to multiple sources. for $100 million in August 2019, but Le Tote itself went bankrupt just a year later in August 2020. Known as the oldest department store in the U.S.,

Returns 279

Returns Department Stores Apparel Finance 279

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.

Supermarket 270

Supermarket Fulfillment Returns Planning 270

Inside Retail

MAY 2, 2023

Localism is here to stay In 2020, Dr Louise Grimmer of the University of Tasmania co-wrote for The Conversation about the growth of “localism,” whereby people would opt to shop in their local village and high street where possible. She added that we’d perhaps never see the number of workers in the CBD return to pre-pandemic levels.

Returns 293

Returns Shopping Location Promotions 293

Inside Retail

JULY 31, 2023

Across Asia and the Pacific, international arrivals returned to 54 per cent of pre-pandemic levels for the first three months of 2023, with UNWTO Secretary-General Zurab Pololikashvili saying that “all eyes in global tourism were on [these regions].” The post Does Luxury Escapes’ new store herald the return of travel agencies?

Returns 246

Returns Planning Consumer ATS 246

Retail TouchPoints

DECEMBER 31, 2020

2020 has been an exceptional year for the retail sector, with all businesses having to rapidly adapt in some way or another. Such a time of upheaval has led to a permanent, irreversible change in consumer behavior as shoppers embrace the convenience and security of ecommerce more readily. A Bright Future for Those Willing to Evolve.

Consumer 342

Consumer Checkout Customer Experience Supermarket 342

Inside Retail

APRIL 24, 2023

Darren Blackhurst, CEO at Coles Liquor, has decided to step down from his role and leave the company to return to the UK with his wife, Sam, to be with their children and elderly parents. The post Coles Liquor CEO Darren Blackhurst resigns to return to the UK appeared first on Inside Retail. The company has yet to name his successor.

Returns 130

Returns ATS 130

Retail TouchPoints

AUGUST 16, 2021

Many ecommerce retailers, particularly in the apparel space, have resigned themselves to return rates of 20%, 30% or more as a death-and-taxes-style inevitability. The retailer had operated a brick-and-mortar store in Arizona’s Scottsdale Fashion Square Mall, but closed it down in March 2020 just as COVID-19’s impacts were being felt.

Returns 299

Returns Apparel Fashion Consumer 299

Retail TouchPoints

MARCH 24, 2021

Former Amazon exec Adam Selipsky will return to lead the company’s cloud computing division, Amazon Web Services, when current AWS chief Andy Jassy steps into the CEO role later this year. billion in annual operating profit in 2020, which GeekWire calculates as 63% of the company’s total operating profits for the year.

Returns 264

Returns Marketing ATS 264

Inside Retail

NOVEMBER 9, 2021

per cent on the same period of 2020, with the main difference being the widescale easing of restrictions across several Australian states – creating a sharp increase in spending on travel, transport, entertainment, and retail. The post Retail spending jumped in October as customers returned to shops appeared first on Inside Retail.

Returns 240

Returns Shopping Department Stores ATS 240

Retail Gazette

FEBRUARY 15, 2024

The return of tax-free shopping would encourage [tourists] to spend more in our city and boost its economy at a time when domestic shoppers are keeping their belts tightened.” A return to tax-free shopping would have a net positive effect on tax revenues and make British businesses competitive once more,” she added.

Returns 116

Returns Shopping ATS 116

Retail TouchPoints

MAY 11, 2021

Getting the returns experience right is one of the most critical parts of that cycle — 95% of shoppers say that how returns are handled affects their decision of whether to purchase again. Purchase Frequency Before Return Versus Purchase Frequency After Return. Return Rate and Negative Reviews.

Customer Experience 221

Customer Experience Returns Customer Retention Shopping 221

Inside Retail

JUNE 16, 2021

Homewares retailer Sheridan Australia is taking part in a novel trial in which its shredded cotton products are returned to the soil to test whether it can improve cotton soil health and act as a scalable solution to textile waste. The post Sheridan returns cotton products to soil in textile waste trial appeared first on Inside Retail.

Returns 246

Returns Drop-Shipping Apparel Shipping 246

Inside Retail

JANUARY 6, 2022

One such area was a business’s returns policy. This has been a major driver behind the increased volume of retail returns made in 2020-2021. How retailers handled those returns would prove to be a deciding factor in their overall success. Understanding the Importance of a Returns Policy.

Returns 130

Returns Customer Experience Shopping ATS 130