article thumbnail

Mastercard Data: Holiday Sales Climb 3.1% YoY

Retail TouchPoints

As in previous years, ecommerce grew at a faster pace than brick-and-mortar retail, but the latter still accounts for the majority of all sales. and grocery increased 2.1% , while jewelry and electronics sales declined by 2% and 0.4% Spending at restaurants saw a significant jump, increasing 7.8% compared to 2022. respectively.

Jewelry 285
article thumbnail

How Jewelry Brands Can Be More Sustainable

Independent Retailer

From electronics to clothing, consumers around the world want products that are more environmentally sustainable and ethically produced, including the jewelry they wear. In fact, many shoppers are now asking the jewelry industry how they are making their merchandise, where the materials come from, and whose lives the process might affect.

Jewelry 72
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

As more jewellery brands embrace lab-grown diamonds, some fear oversupply

Inside Retail

However, at this point in time, the diamonds were considered too small and unrefined to be sold in the fine jewelry market. As predicted by MarketandMarkets, colourless diamonds are projected to account for the largest share of the market through 2027. A notable increase from the 1.7

Jewelry 246
article thumbnail

Realizing the Potential Business-Specific Analytics in Jewelry (2021)

Retalon

Jewelry Specific Analytics and AI. But let’s be honest, what do fast food restaurants, automotive shops, jewelry stores, and online supplement stores have in common? For instance, Destination resorts that run gift shops must account for occupation rates in their hotels as well as weather. Jewelry-Specific Analytics.

Jewelry 41
article thumbnail

Mejuri Leverages Real-Time Profitability Data to Inform Decision-Making

Retail TouchPoints

Like many brands dealing with COVID-19, DTC jewelry brand Mejuri was forced to focus intently on its online operations this year. SoundCommerce allows us to track the exact impact of these variables on our profitability as we make real-time decisions regarding assortment, promotions, inventory, marketing and fulfillment.”

Markdowns 183
article thumbnail

Shein, Temu in fierce fight over US market for $10 dresses

Inside Retail

In US federal court, Shein has accused Temu of contracting social-media influencers to make “false and deceptive statements” against Shein in their promotions of Temu.com. If Temu loses, Temu could be forced to curtail what so far has been a key marketing strategy. “I am with Temu who has the same and more for less.”

Marketing 130
article thumbnail

7 Ways Brands are Transforming Customers Into Members with Subscriptions

Retail TouchPoints

A simple yet effective way for brands to offer subscriptions, the recurring products model accounts for 32% of all subscription purchases. It draws consumers in by offering an enticing starter kit, whether it be a free trial or a promotional price for limited features, before converting to an ongoing subscription to the full product.

Jewelry 242