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Have Temu and Shein Thwarted Wish’s Hopes of a Comeback?

Retail TouchPoints

And Wish, which held that top spot back in 2018, has now dropped out of the top 50 completely after having fallen to #35 as of last March. There are other troublesome indicators for the company: Q2 saw declines across the board at Wish. The trade-off is long shipping times, another thing Wish is working hard to improve.

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InPost joins forces with sustainable fashion trailblazer Yellow Octopus

A1 Retail

InPost, an out-of-home and eCommerce delivery company, has announced a new partnership with sustainable fashion trailblazer, Yellow Octopus Group , which aims to offer consumers a more convenient and greener way of donating and recycling clothes. With the added bonus of a money off voucher in return, it’s a win-win for consumers”.

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LSKD appoints first chief retail officer as part of its “audacious” growth plan

Inside Retail

Maintaining and further enhancing the brand’s industry-leading customer experience through existing feedback channels that offer free returns, quick delivery, and bi-weekly product drops will be integral to amplifying online retail. We aim to ensure our community feels supported and satisfied through the whole process.

Planning 264
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Joules swings to profit thanks to online sales boost

365 Retail

Fashion chain Joules has returned to annual profit as it rode out the lockdown disruption thanks to surging online sales. The Leicestershire-based group – famous for its posh wellies – saw online sales race 48% ahead to £122 million in the year to May 30 and now account for more than three-quarters (77%) of all retail revenues.

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More recessions lessons from Greenlit Brands, Camilla, Super Retail

Inside Retail

Advice: Any CEO is measured by the profit margin they generate from the turnover of their inventory, so it’s critical to always measure your return on working capital. Laura Inman, non-executive director at Super Retail Group and chair of Melbourne Fashion Festival. Drop in exciting product regularly to encourage repeat traffic.

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4 Critical Steps for Optimizing Omnichannel Order Fulfillment in 2021

Retalon

Maintaining margins within business constraints while efficiently providing order fulfillment to customers is a tall order, especially considering each customer purchase requires a real-time fulfillment decision within a shifting context of inventory, demand, returns, delivery times, and shipping costs. Emphasizing BOPIS.

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How Retailers Overcome Challenges of Seasonal Demand

365 Retail

Another instance is back-to-school shopping when children return to the classroom after summer. There are clear instances when certain products become hot commodities with surging sales while others drop into relative obscurity. Adjustments must often be made to account for factors like weather and global events.