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Why Stitch Fix is Focusing on its Human Stylists When Everyone Else is Talking About AI

Retail TouchPoints

Funderburk and Zamansky shared how the company is doubling down on its human-centered AI approach to create a more customer-centric shopping experience and return the company to growth. The customers Fix is shipped and they have three days to test out the items and select which ones they want to buy and which ones theyll return.

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Exclusive: Faire Surpasses 100K Members as Indie Retailers Seek Out Value, Variety

Retail TouchPoints

For example, “shipping is just an absolute killer for small businesses,” shared Max Rhodes, Co-founder and CEO of B2B marketplace Faire in an interview with Retail TouchPoints. Much larger retailers often are ordering in bulk, so on average their shipping costs are maybe 1% to 2% of the total wholesale cost.

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After a $5.5B Valuation, Vuori Exec Reveals What’s Next in International Expansion

Retail TouchPoints

At a time when renowned athleisure brands like Lululemon are struggling , Vuori is continuing to ride its rocket ship to growth. The investment builds upon Vuori’s $400 million investment, led by SoftBank Vision Fund 2, in 2021.

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Stitch Fix Adds More Flexible ‘Fix’ Options

Retail TouchPoints

Build a Fix Around a Specific Item In 2021, Stitch Fix also introduced Freestyle , which allows customers to shop individual items whenever they want. Revenue per active client for the quarter was up 4% year-over-year to $537 on average, and both the mens business and Freestyle channel have returned to top-line revenue growth.

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How companies accelerated US shipments ahead of tariff hikes

Inside Retail

Even before he returned to office this month, uncertainty motivated businesses to rush shipments. Italian producers have shipped more Parmigiano Reggiano cheese to the United States, according to the industry’s trade association, which said it hopes to get exemptions for its premium foods. Collecting dust?

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China’s ‘Victoria’s Secret Town’ at risk as US tariff loophole faces closure

Inside Retail

Under the “de minimis” rule, which seeks to reduce customs paperwork, the United States exempts foreign packages valued at US$800 or under from tariffs as long as they’re shipped to individuals. The European Union and other countries are considering similar restrictions.

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Amazon Boasts 44% Sales Growth in Q1 2021, Announces Prime Day’s Return to Q2

Retail TouchPoints

Amazon topped both its own and experts’ Q1 2021 expectations, with 44% year-over-year sales growth and $108.5 The retailer expects its momentum to carry over into Q2 2021, with sales hitting anywhere from $110 billion to $116 billion. Prime Day Returns to July, but Amazon Still Welcomes Experimentation. billion in total sales.