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Tools, Value Apparel and Home-Delivered Wine Top List of Fastest-Growing Retailers

Retail TouchPoints

2022 Hot 25 Retailers list — which identifies the brands that boosted their domestic sales by the highest percentages in 2021 compared to 2020 —exemplify three strong COVID-era trends: do-it-yourselfism, consumer preferences for more casual and value-priced apparel and increased alcohol consumption. The Kantar-NRF U.S.

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Australian Retail Outlook 2023: Paradigm shifts and fresh perspectives

Inside Retail

After multiple paradigm shifts in 2022, retailers are facing a very different landscape in the months ahead. Then, seemingly out of the blue, around mid-2022 many shoppers realised they could no longer afford their lifestyle. Some went without products in many non-essential categories altogether, others deferred large purchases.

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Deloitte Shares Loyalty Trends and Best Practices for 2024

Retail TouchPoints

Deloitte found that consumer interest in co-branded credit cards dropped 11% between 2022 and 2023. Paid Loyalty Programs Will Become More Prevalent More than half ( 53% ) of consumers pay to participate in a loyalty program, up from 32% in 2022 and 17% in 2021, according to the Deloitte Survey. A major reason for this drop?

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How to Achieve International Success in 2022

Rangeme

So if you’re targeting international success in 2022, here’s a six-step plan for making it happen. And don’t overlook practical issues – for example, if you’re selling perishable goods with a limited shelf life, shipping to markets closer to home may make more sense. Prepare the foundation of your growth plans. Focus on market access.

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4 Keys to an Impactful Global Growth Strategy

Retail TouchPoints

Brands and retailers should keep a close eye on competitors already in these markets, how they’re performing and what unique differentiation they can add to the category. Prepare for Financial and Regulatory Complexities. Other solutions help merchants ensure tax compliance for specific markets, products and sales channels.

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Hit or miss: Can Pinduoduo replicate the success of Shein in the US?

Inside Retail

CNBC reported that Temu lists items across a number of categories that include clothing, jewellery, pet supplies and home and garden. However, it remains to be seen whether the company, which has surpassed rivals Alibaba and JD.com in China, can overcome the logistical hurdle of shipping to the US, which could take seven to 15 business days.

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Subscription Pro Tips: Encourage Loyalty and Long-Term Relationships by Making it Easy to Cancel

Retail TouchPoints

That has not stopped consumers from subscribing though, especially with the rise of new takes on the model (box services, auto shipping and streaming TV, to name just a few). The average U.S. consumer spends $219 a month on subscriptions, according to a recent study from C+R Research.

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