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Three trends shaping the luxury retails sector in 2025

Inside Retail

According to a 2024 report released by global management consulting firm Bain & Company, this market dropped two per cent from an all-time high of US$387 billion to US$381 billion. Despite modestly positive expectations for 2024, the luxury retail market did not pan out as merchants had hoped.

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How Brands Can Turn Viral Moments into Lasting Consumer Loyalty

Retail TouchPoints

Imagine scrolling through your feed and stumbling upon a slick advertisement showcasing a stylish, ostensibly high-end product a high-performance vacuum, perhaps, or a stylish doormat. Traditional inventory management, where products are neatly stored and processed in batches, may not cut it in this environment.

Consumer 277
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Explore 65 Side Businesses to Start for Extra Income and Flexibility

Small Biz Trends

Time Management: Balancing a full-time job with a side business requires clear goals, effective time management, and the use of digital tools to streamline tasks. As you establish your venture, pay attention to cash flow and budget management, which contributes to sustaining profitability.

Finance 70
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Achieve Estate Sale Success with Expert Strategies and Proven Tips

Small Biz Trends

Additionally, managing the sales process carefully leads to better customer experiences, resulting in repeat business and referral sales. Utilize digital platforms for advance advertising, such as social media posts and community bulletins. Prepare a clear strategy for managing leftover items once the sale concludes.

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Jewelry Retailers: Prepare Your Curbs, not Your Cases, for 2021

Retail TouchPoints

While certain ecommerce verticals saw mind-boggling sales increases in 2020, luxury goods, including jewelry, enjoyed more modest revenue boosts, according to Signifyd Ecommerce Pulse data. Upscale jewelry designer Gorjana, for example, saw 300% growth in 2020, with a 400% monthly increase in sales between April and May 2020 alone.

Jewelry 269
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TikTok Beefs Up Search Ads Offering Just in Time for Holiday Shopping

Retail TouchPoints

The new advertising solution builds on TikTok’s previously released Search Ads Toggle offering, but it gives brands more control and advanced targeting capabilities. Search Ads campaigns support both traffic and web conversion objectives, allowing advertisers to optimize their campaigns for both scale and performance.

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Fred Segal Enters Metaverse With Launch of the Artcade In-Store Retail Experience

Retail TouchPoints

Shoppers can visit the store and stay connected through social commerce, shoppable livestreams and exclusive offers, delivered via digital out of home advertising and augmented reality pop-up installations.

Jewelry 312