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Devising an Optimal Returns Policy for Your Business

Retail TouchPoints

For many years, permissive returns policies have been the norm in ecommerce. For the post-holiday season just past, it’s estimated that the total value of returned goods will be around $171 billion. retailers were revisiting their returns policies as of late 2022. With numbers like these, it’s no wonder that most U.S.

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Wesfarmers to merge back ends of Target, Kmart businesses

Inside Retail

Listed conglomerate Wesfarmers is merging its store networks Target and Kmart into a singular $10 billion business in a bid to boost returns and bring better value to customers. Kmart will continue to be price-driven and Target largely centred on affordable apparel and soft home furnishings, he added. “I

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Pottery Barn Partners With The Renewal Workshop To Market Refurbished Products

Retail TouchPoints

Pottery Barn has partnered with The Renewal Workshop to responsibly clean, repair and renew the brand’s imperfect and returned items, which will be sold under the Pottery Barn Renewed brand. Textiles offered via the program will span categories including bedding, bath, curtains, pillows, throws, table linens and robes.

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Marimekko Returns to New York

VMS

The store’s interiors are inspired by the industrial architecture of Marimekko’s textile printing factory in Helsinki, with traditional retail display fixtures replaced by “carefully selected design gems from different decades and distinct material choices,” the fashion and home furnishings retailer said in a release.

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How Rebelstork Laid the Blueprint for Responsible Resale in a New Space — Baby Gear

Retail TouchPoints

I have a four-year-old and I have a one-and-a-half-year-old, and I saw the changes in the industry regarding resale in apparel, handbags, accessories, sneakers and home furnishing, but the baby industry was a little bit dated. The shift to ecommerce has led to the highest levels of returns that have ever been,” said Hosie.

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How Jim Thompson is spinning the new Thai silk road to Europe

Inside Retail

Smitten with the tropics, its climate and natural landscapes, he returned after the war ended and built an urban oasis in what is now central Bangkok, a short walk from National Stadium. Across the narrow canal behind Thompson’s home was a Muslim settlement, Ban Krua, which eked out a living weaving Thai silk.

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The Future of the Mall: Why Developers are Rethinking Everything from Tenant Mix to Events and ‘Adjacencies’

Retail TouchPoints

Despite this good news, many executives at shopping malls and “destination centers” wonder just how much of this returning traffic will find its way to their venues. Leading developers know that they need to do more than simply make consumers feel safe.