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Retail Returns Increased to $761 Billion in 2021

VMS

Retailers expect more than $761 billion in merchandise sold last year to be returned by consumers, according to a report released today by the National Retail Federation and Appriss Retail. retail sales, which soared to $4.583 trillion in 2021. “As The 2021 total rate of returns (16.6 This accounts for an average of 16.6

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Big Lots Posts Strong 1Q Performance

VMS

Columbus, Ohio-based Big Lots announced strong first-quarter fiscal 2021 sales, outpacing analyst estimates and growing year over year, according to Yahoo! The post Big Lots Posts Strong 1Q Performance appeared first on Visual Merchandising and Store Design. Net sales increased 13 percent to $1.6

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Making Fulfillment a Revenue Driver: 6 Ways Design and Tech Can Collaborate

Retail TouchPoints

From early 2020 to mid-2021, the percentage of retail chains offering curbside pickup surged from a miniscule 7% to a staggering 51%. In the pandemic’s wake, many retailers set up flexible fulfillment services in order to meet new safety guidelines and consumer requirements.

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Inside MINISO’s ‘Joyful’ Omnichannel Expansion Plan

Retail TouchPoints

By the end of 2021, the team had grown to encompass 130 designers, with 34 external design partners that include the China Academy of Art, Guangzhou Academy of Fine Arts, design studios in Korea and more. RTP: What have been some key learnings for MINISO in 2021, and how will these takeaways guide or influence your 2022 strategy?

Planning 216
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These Were the Top Retail Stories of 2022

VMS

From store windows to interiors to props and display to visual merchandising to store design to in-store technology to online marketing to AI and digital diagnostics, the magazine has steered retail designers, architects, educators, builders and even “digital” visual merchandisers through best practices, illustrated examples and analyses.