Retail TouchPoints

JANUARY 26, 2021

In 2020, more than any year since the advent of online and mobile commerce, consumers lost a sense of control. Culled from this agile, iterative survey data, here are six things we learned consumers want from retailers heading into 2021: 1. One in four consumers are shopping more with small brands. on average.

Consumer 309

Consumer Drop-Shipping Shipping Returns 309

Retail TouchPoints

OCTOBER 15, 2021

Brands and retailers are feeling mounting pressure — from consumers, shareholders and even their boards — to be more inclusive. this year alone, representing approximately 21% of the total women’s apparel market. Products that are sized 18 and above and available in the UK only account for 14% of the total market.

Consumer 287

Consumer Merchant Services Markdowns Fulfillment 287

Inside Retail

AUGUST 29, 2023

Mosaic Brands, the Australian apparel retail group, says it will open 40 new large-sized ‘mega stores’ this financial year as it transitions into what it describes as “a more ageless, value-driven, big-box retailer”. With that taken into account, comparable store sales rose by 9.6 million turnaround from a loss of $16.4

Planning 241

Planning Apparel Accounting Returns 241

Retail TouchPoints

NOVEMBER 4, 2021

Despite having just officially begun, this holiday shopping season already is marked by supply chain disruption, persistent inflation and mixed consumer confidence. And just like last year, it looks like consumers will respond by turning to ecommerce. This is causing many Americans to stress this holiday season.”.

Consumer 254

Consumer Merchant Services Payment Services Drop-Shipping 254

Retail TouchPoints

APRIL 19, 2024

After all, studies show that consumers care more about the environmental impact of their purchasing decisions than ever before. Textile production accounts for approximately 20% of global clean water pollution and 10% of global carbon emissions — a number that is only expected to get worse in the future.

Supply Chain Management 220

Supply Chain Management Fast Fashion Apparel Shipping 220

Inside Retail

JANUARY 31, 2023

It was a high-profile signal that with the easing of Covid-related outdoor movement restrictions, the market for athletic footwear and apparel in China is set to get a huge shot in the arm. Chinese nationalism is on the rise, with an accompanying disdain among a broad swathe of consumers for foreign products. In 2019, Nike sold US$6.2

Consumer 130

Consumer Apparel Fashion Outdoor 130

Independent Retailer

OCTOBER 26, 2021

Atlanta Apparel, which ran October 12 – 16 at AmericasMart Atlanta , wrapped up its last market of 2021 with pre-pandemic buyer attendance and its largest-ever number of resources, marked by a successful first-time expansion of temporary exhibits to five floors as well as growth across all sectors of the market. Increased Traffic.

Apparel 78

Apparel Boutique Accounting Outdoor 78

Inside Retail

NOVEMBER 27, 2023

This is not just a transient trend but a robust response to the changing consumer, who now craves the tactile satisfaction of in-store shopping along with the personalisation and convenience of online commerce. Today’s consumers might browse products online and then feel, try and buy them in physical stores.

Consumer 147

Consumer Checkout Inventory Management Shopping 147

Retail TouchPoints

AUGUST 30, 2021

The spring and early summer was an optimistic time for many consumers who finally emerged from lockdowns looking to refresh their wardrobes and find items suited for smaller local outings during the warmer months. Retail rode strong into Q2 2021 as shoppers returned to stores even as digital sales remained elevated.

Consumer 301

Consumer Fulfillment Department Stores Sporting Goods 301

Inside Retail

MAY 10, 2023

A recent report by WGSN on the future consumer sheds some light on the emerging trends that businesses need to take into account. The report states that four consumer profiles will drive businesses in 2025: the new nihilists, the reductionists, the timekeepers and the pioneers.

Consumer 130

Consumer Shopping ATS Fashion 130

Retail TouchPoints

OCTOBER 5, 2023

Strong consumer spending continues to be driven by net-new demand and not just higher prices, according to the research firm, with Adobe’s Digital Price Index showing that online prices have fallen consecutively for 12 months and were down 3.2% 25%) and 25% for apparel (vs. YoY) and apparel (up 15% YoY). Adobe expects U.S.

Apparel 216

Apparel Shopping Consumer Accounting 216

Retail TouchPoints

DECEMBER 8, 2023

To take the obsession even further, it seems like everyone is wearing branded apparel promoting them. This branded apparel — or merch, as it’s more commonly called — sent consumers into a frenzy. The key to consumers’ hearts lies in the merch partner you choose. Everywhere you look, someone is talking about these moments.

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Drop-Shipping Apparel Accounting Shipping 230

Retail TouchPoints

OCTOBER 26, 2023

The goal is to position True Religion as the ultimate gifting destination for apparel and accessories, especially among Gen Zers who are increasingly gravitating toward Y2K-nostalgia style. Called “Style is a Gift,” the campaign features rapper and recording artist Quavo alongside influencer, TV personality and entrepreneur India Love.

Accounting 253

Accounting Accessories Apparel Fashion 253

Retail TouchPoints

OCTOBER 22, 2021

Founder Sara Blakely told CNBC that the company also was making a big push into other apparel categories, including denim, and wants to continue expanding its direct-to-consumer sales, which already account for 70% of the company’s business.

ATS 292

ATS Apparel Accounting Consumer 292

Inside Retail

AUGUST 22, 2023

The athleisure market has been on the rise for many years, driven by factors, such as the casualisation of consumers’ wardrobes and the rise of sneakers and streetwear as aspirational style trends. Gen Z and millennials Behrens’ statement is likely to resonate with many Gen Z and millennial consumers.

Apparel 130

Apparel Accounting Fashion Consumer 130

Retail TouchPoints

JUNE 24, 2022

Focus and blame generally turn to the manufacturing, production and distribution parts of the chain, but other aspects are not usually at the forefront of the mind, especially when it comes to the consumer standpoint. In recent decades, fast fashion became incredibly popular due to its cost efficiency, both for manufacturers and consumers.

Fashion 296

Fashion Fast Fashion Apparel Shipping 296

Retail Wire

MAY 2, 2023

Francesca’s has acquired Richer Poorer, a direct-to-consumer brand that sells apparel basics to Gen Z consumers. Richer Poorer is expected to inform Francesca’s digital strategy and give it access to wholesale accounts and younger consumers it does not currently have.

Wholesale 100

Wholesale Apparel Accounting Consumer 100

Retail TouchPoints

OCTOBER 20, 2023

Now the supply chain is a top consideration not just for retail executives but consumers as well. Bengtsson spoke about how traceability and transparency are creating a “cost of compliance” that retailers must account for. The outcome is that both factories and retailers have a clearer path to better practices.

Accounting 325

Accounting Fashion Apparel Promotions 325

Retail TouchPoints

MAY 9, 2023

Today, most shopping in virtual worlds is enabled through virtual currencies and is usually limited to in-game digital items, as with the Robux players use to buy apparel and accessories for their avatars in Roblox. Players then tap the “buy” button to check out via their Amazon account from within the experience.

Shopping 257

Shopping Accessories Accounting Apparel 257

Inside Retail

DECEMBER 29, 2022

per cent and the restaurants, cafes and takeaway food sector accounting for $124 million, up by 22.8 Spending on household goods accounted for the highest share on Boxing Day, reaching $314.76 Spending on apparel and accessories surged 19.8 On Boxing Day, Australians splurged $1.23 billion – up 15.3 per cent year on year.

Department Stores 246

Department Stores Accounting Accessories Apparel 246

Retail TouchPoints

AUGUST 19, 2021

Amazon already has leapfrogged Walmart to become the largest apparel retailer in the U.S. The beleaguered format was put under even further pressure by the pandemic, with centuries-old mainstays like Selfridges and Lord & Taylor falling victim to changing consumer habits. based on its online sales. .

Department Stores 290

Department Stores Returns Apparel Accounting 290

Inside Retail

MAY 8, 2024

A federal report published in 2022 estimated that cotton from Xinjiang accounted for roughly 87 per cent of China’s production and 23 per cent of the global supply in 2020 and 2021. It then often makes its way to the US in the form of apparel made by suppliers in those countries, according to the report.

Apparel 147

Apparel Shipping Accounting Consumer 147

Retail TouchPoints

OCTOBER 11, 2022

In 2022, the impact of economic uncertainty, particularly in rising prices of non-discretionary expenditures like gas, food and housing, will rein in consumer spending. These forecasts can be attributed to continued consumer enthusiasm for ecommerce even in a post-pandemic world with more physical stores open for business.

Apparel 248

Apparel Returns Promotions Accounting 248

Retail TouchPoints

AUGUST 31, 2020

Some companies are still doing well despite a relative lack of e-Commerce infrastructure, but even they are expected to level up as consumer behaviors continue to evolve. Retailers riding current consumer trends can make the most of the moment by investing in omnichannel services. and a same-store sales increase of 18.8%. “If

Consumer 132

Consumer Shopping Sporting Goods Outdoor 132

Retail TouchPoints

APRIL 2, 2024

The Amazon Counterfeit Crimes Unit (CCU), established in June 2020 , stopped more than 700,000 attempts by bad actors to create fake selling accounts in 2023. That’s down from 6 million would-be fake account attempts that were thwarted in 2020, the year that the CCU launched — an 88% decrease in less than four years.

Loss Prevention 201

Loss Prevention Accounting Apparel Consumer 201

Retail TouchPoints

MAY 3, 2021

Roe will have responsibility for all finance functions and lead the retailer’s Strategy and Consumer Insights teams. for 25 years in positions including VP, Controller and Chief Accounting Officer; VP of Finance for the Jeanswear and Imagewear Coalitions; and CFO of the International Business. Tapestry has named Scott A.

Finance 252

Finance Apparel Accounting Promotions 252

Retail TouchPoints

SEPTEMBER 29, 2022

There are signs of a disconnect between consumers and retailers when it comes to sustainability. A recent report has found that two-thirds of consumers are willing to pay more for sustainable products than retailers expect — and reveals that consumer preference for recommerce models is also being underserved. A Starting Point.

Fast Fashion 319

Fast Fashion Fashion Markdowns Consumer 319

Inside Retail

JULY 21, 2023

Trans-Tasman apparel retailer Mosaic Brands expects total sales of approximately $519 million for this financial year, an increase of 6.2 In a trading update of unaudited accounts, the company said it expects an EBITDA profit of $17 million, a $33 million turnaround from FY22, when it reported EBITDA loss of $16 million.

Apparel 130

Apparel Accounting Consumer Accessories 130

Retail TouchPoints

OCTOBER 28, 2021

And increasingly, consumers are reselling those items rather than leaving them to gather dust or putting them out on the curb — particularly as a growing number of digital resale platforms make that process easier than ever before. Collectively, that would account for approximately $69.2 billion items. billion spent last year.

Shipping 273

Shipping Consumer Accounting Apparel 273

Retail TouchPoints

MARCH 23, 2022

Nike is pushing forward with its digitally focused direct-to-consumer strategy following a strong Q3, with plans to build “the marketplace of the future” and bring standalone Jordan stores to North America. Revenues were up 5% YoY in the company’s fiscal Q3, which ended Feb. Wholesale Will Still Play a ‘Very Important Role’.

Planning 245

Planning Wholesale Sporting Goods Accounting 245

Retail TouchPoints

NOVEMBER 4, 2020

Consumer preference for online shopping continues to rise, as more purchases are being made online than in stores with each passing year. According to McKinsey , ecommerce sales in apparel, department stores and beauty products have increased by nearly 10%, on average, since the onset of the pandemic.

Merchant Services 310

Merchant Services Payment Services Accounting Jewelry 310

Inside Retail

OCTOBER 5, 2023

Australian consumers are continuing to tighten their budgets as the cost-of-living crisis – including high interest rates – bites into their disposable income. The research shows spending on food will account for the largest share of spending in the Christmas lead-up, accounting for $26.7 per cent and apparel by 0.8

Department Stores 130

Department Stores Accounting Apparel Consumer 130

Inside Retail

OCTOBER 26, 2021

At the same time, businesses have a chequered history when it comes to engaging with societal problems, from self-serving “box ticking” corporate practices under the guise of social responsibility to shifting responsibility to consumers to make ethical choices (such as reusable coffee cups). Read the original article.

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Consumer Promotions Fast Fashion Marketing 130

Retail TouchPoints

NOVEMBER 27, 2023

As Cyber Monday sales continue to roll in, Cyber Week appears to have allayed retailers anxieties by delivering another year of record consumer spending, according to Adobe Analytics. Consumers have taken note and spent at record rates during the big shopping days, despite dealing with rising costs in other parts of their lives.”

Beauty and Health 162

Beauty and Health Jewelry Payment Services Consumer 162

Inside Retail

JULY 14, 2023

In the 2021-2022 financial year, data from the Reserve Bank of Australia suggests that there were 7 million active BNPL accounts in Australia worth $16 billion – about 37 per cent more than the previous financial year. The post Not just Gen Z: Here’s what the data says about BNPL users appeared first on Inside Retail.

Payment Services 130

Payment Services Apparel Finance Consumer 130

Retail TouchPoints

JANUARY 28, 2022

According to the NRF, online sales accounted for $1.05 As total retail sales continue to accelerate from sustained consumer demand during the pandemic, it is no surprise that the overall rate of returns has also been impacted,” said Mark Mathews, VP of Research, Development and Industry Analysis at the NRF in a statement.

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Returns Apparel Accounting Consumer 246

Inside Retail

JANUARY 7, 2024

On the partnership, Oli Snoddy, vice president of consumer marketing at Peloton, commented, “We collectively recognise the way people engage with fitness is constantly changing. million fitness subscribers, accounting for almost half of the brand’s connected fitness subscriber base. The brand concluded FY23 with US$1.13

Apparel 130

Apparel Consumer Marketing Planning 130