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Why Nike is putting used sneakers back on the shelf

Inside Retail

Nike will start collecting and cleaning some of the sneakers that are returned by customers and reselling them at a discount in stores as part of its Nike Refurbished program, which launched on Monday. . The Gen Z and younger millennial consumer is already accustomed to this,” she pointed out.

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Very Group suppliers have credit insurance pulled

Retail Gazette

Drapers reported that the decision to withdraw cover was down to macro-economic pressures as consumers reduced their discretionary spend. It comes as the retailer’s operating profit plunged 17% to £123.8m Group sales remained flat at £1.6bn due to 2.5% in the 39 weeks to 1 April 2023, down from £150.2m.

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Tapping into Temu: Why American Gen Zs love the Chinese app

Inside Retail

Through Pinduoduo’s proprietary supply-chain resources, Temu is also able to replicate its success and profitable model by slashing intermediary costs, connecting consumers with high-quality manufacturers at competitive prices and amassing high sales volumes.

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Off-Price Retail: A Double-Edged Tool For Brands With Excess Inventory Needs

Retail TouchPoints

While the latter may be true, excess inventory also has a silver lining of hidden pathways to optimizing excess inventory that lead straight to your bottom line through distribution in the off-price retail market. In the past, repurposing it required a meticulous approach that was equal parts complicated and time-consuming.

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How Canningvale plans to take Robinsons Singapore back to its roots

Inside Retail

million in 2014, the retailer suffered from years of declining foot traffic and was placed into liquidation at the end of 2020. . The point of difference I see for Robinsons in the market is as a value-orientated, specialist online department store that focuses on offering less choices, better options,” Prainito said.

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Roundtable: The search for better search

Retail Gazette

The ability to literally find anything at any time online has seen big brands that once dominated markets lose market share to a very long tail of challenger and niche product brands. The thing is shoppers are looking much more specifically at how they want to search – but how ready are retailers for this shift?