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Rethinking Retail Returns

Retail TouchPoints

Welcome to the world of retail returns, an expensive, cumbersome yet essential part of the industry. The number of returns is growing and managing them is critically important to maintaining margins and customer satisfaction. of all purchased goods were returned to retailers. of all purchased goods were returned to retailers.

Returns 311
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Amazon is set to take off in Australia this year, get ready

Inside Retail

billion in 2022. billion in gross merchandise volume (total spend before fees, discounts and returns) up from $4.5 With respect to pricing specifically, also take into consideration Amazons free shipping minimums. Amazon announced it posted over $3.1 million customers, reaching 7.9 billion in the prior year.

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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.

Returns 279
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Stitch Fix Adds More Flexible ‘Fix’ Options

Retail TouchPoints

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. The transformation strategy also includes a full reimagining of the Stitch Fix brand and experience that rolled out last year.

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Zero Co is making single-use sustainable again

Inside Retail

The empty pouches can then be returned in a prepaid envelope to Zero Co to be cleaned, refilled and shipped back. And even though we were providing free return postage, it was just another job that people had to do. It stacked up to be a good solution but not what we believed was the best, ultimate solution.

Shipping 130
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Ten AI trends retailers must embrace in 2025 to stay ahead

Inside Retail

2025 is expected to be a pivotal year for the development of AI, with many GenAI projects seeing deployment, so retailers need to shape up or ship out when it comes to the AI curve. However, Coresight analyst Charlie Poon warned, while retail media is a fast-growing sector, there are several challenges to its growth.

Shipping 130
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The £1 billion profit club: What comes Next for the fashion giant?

Retail Gazette

It joins the likes of Tesco, which has profits of more than 2bn, B&Q owner Kingfisher, which surpassed 1bn in profit in 2022, and M&S in 2008. Perhaps his caution comes as Next recorded its second impairment charge worth 13m from JoJo Maman Bb, the kids brand it jointly acquired in 2022 with a group of finance firms.

Fashion 109