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Adobe: Consumers Will Spend More Online in First 10 Months of 2021 than All of 2019

Retail TouchPoints

The apparel category saw particularly marked price hikes in both July (up 15.26% ) and August (up 15.52% ), two months in which apparel prices typically drop amidst summer markdowns and back-to-school promotions.

Consumer 246
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The Future of Shopping: What to Expect in 2032

Retail TouchPoints

By 2032, digital will be the most important area of their business, and sectors that today have remained relatively untouched — motor vehicles and parts, convenience stores, furniture/home furnishing stores, building material, and more — will have reinvented their digital posture and orientation.

Shopping 356
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RH to Remodel All Stores, Unveil New Gallery Design

VMS

In a letter to shareholders , Friedman again lamented the “widespread discounting” across the home furnishings industry. “ … While it’s been almost two years since we’ve deployed a promotional email, we’ve been receiving two sale emails per day from many home furnishings retailers.

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City Furniture Overhauls Ecommerce Approach to Create Highly Customized Shopper Journeys

Retail TouchPoints

The home furnishing and accent retailer, which operates 20 showrooms and 13 Ashley Home Store showroom licenses in Florida, partnered with cloud commerce provider Kibo , which offered a flexible ecommerce technology that would allow CITY Furniture to develop and support highly customized customer journeys and a fluid shopping-cart experience.

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City Furniture Overhauls Ecommerce Approach to Create Highly Customized Shopper Journeys

Retail TouchPoints

The home furnishing and accent retailer, which operates 20 showrooms and 13 Ashley Home Store showroom licenses in Florida, partnered with cloud commerce provider Kibo , which offered a flexible ecommerce technology that would allow CITY Furniture to develop and support highly customized customer journeys and a fluid shopping-cart experience.

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December Retail Industry Insights

Independent Retailer

Online retail, up 1.2%, continues to perform alongside home furnishings and DIY stores, up 1.1% Weak volumes and persistent cost inflation will likely stress the credit quality of retailers most exposed to holiday shopping, along with their suppliers of discretionary items such as durables, household products, and apparel.

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What is Inventory Turnover in Retail? (Formulas, Benchmarks, Examples)

Retalon

Apparel Retailers Within apparel, accessories and jewelry retailers have lower turnover ratios – around 2-3x. Meanwhile, higher volume categories like women’s apparel and family clothing drive higher turnover of 3-4x. This leads to lower turnover of 3-4x across furniture and home furnishings.