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Vince Holding Corp. Changes Hands, Former CEO Brendan Hoffman to Return to the Helm

Retail TouchPoints

Newly formed luxury apparel-focused innovation venture P180 has acquired Sun Capital Partners majority stake in Vince Holding Corp. VNCE) , giving it a 65% stake in the retailer. P180 was co-founded by former Vince CEO Brendan Hoffman, who will become CEO of the brand again on Feb.

Returns 281
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Apparel business Hard Rock admits to resale price maintenance practice

Inside Retail

Apparel business Hard Rock has been caught engaging in resale price maintenance as well as making misleading representations about consumers rights. Hard Rock also admitted to making false or misleading representations to consumers about the length of time a consumer has to seek a remedy for a faulty product or return an incorrect one.

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Navigating the Tariff Era: A Strategic Roadmap for Retailers

Retail TouchPoints

imposed tariffs on more than $350 billion worth of Chinese imports, impacting everything from furniture to apparel and footwear. In 2018, more than one-third of apparel imports flowing into the U.S. -China trade war of 2018-2019 offers a cautionary tale about the far-reaching consequences of tariffs. During this period, the U.S.

Apparel 278
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Solid Holiday Sales Point to Increasing Consumer Confidence

Retail TouchPoints

year-over-year alongside gains in hard goods categories apparel ( 3.6% ), jewelry ( 4% ) and electronics ( 3.7% ). ” Fraud and Returns Increase Along with Sales In tandem with these spending increases both fraud and returns also saw gains. in 2024 versus a 16.2% increase in 2023.

Consumer 283
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How AI could solve product returns and other supply chain challenges

Inside Retail

In one example, Canadian apparel retailer ALDO Group has created a demand-forecasting machine learning model called Delphine. Using AI for returns optimisation Another growing supply-chain issue for retailers is returns. Businesses are getting increased returns every year. per cent vs 10 per cent).

Returns 130
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Stitch Fix Returns to Growth as Turnaround Strategy Bears Fruit

Retail TouchPoints

YoY in its fiscal Q3, which ended May 3, marking a return to year-over-year revenue growth after several years of declines. Subscription styling service Stitch Fix reported a revenue increase of 0.7% Net revenue for the quarter was $325 million , and while active clients did decline 10.6% YoY in Q3 to $542 per client.

Returns 147
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How a B2B Resale Platform can Solve your Holiday Returns Pile-up

Retail TouchPoints

But on the heels of the biggest shopping season of the year comes a barrage of returned merchandise that will end up sitting idle in warehouses and cut significantly into the bottom line (without a proper resale strategy in place, that is). Ensure Brand Control Channel control is important, especially for sensitive brands.

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