Retail TouchPoints

NOVEMBER 10, 2021

Customers can return the items at the end of the rental period with free shipping and dry cleaning, continue to rent for a daily fee or purchase the item at a discount. When daily rental fees add up to the retail price, the customer will own the item with no penalty. “As per share but currently trading at $18.20

Fashion 240

Fashion Clienteling Shipping Retailing Pricing 240

Retail TouchPoints

JUNE 8, 2023

With top companies releasing limited “drops” of desired products, limited-edition sneakers can sell for hundreds or thousands of dollars over their original retail price. Fraud Afoot When it comes to sneaker fraud, it was found that “new customers” are consistently riskier than “returning customers.”

Jewelry 252

Jewelry Accounting Fashion Returns 252

Retail Gazette

NOVEMBER 29, 2023

Amazon has opened a Second Chance store where shoppers can buy returned or refurbished products in-person for the first time. The store, located at the Brunswick Centre in London, features deals on a range of returned products spanning categories including household appliances, books and games.

Returns 59

Returns Retailing Pricing Location Shopping 59

Inside Retail

JUNE 20, 2021

In our case], it was like converting one consumer at a time.”. Over the years, the team at Retykle has been trying to understand consumer psychology through research, focus groups, surveys and face-to-face conversations. Products in the secondhand market tend to be 60 to 90 per cent off the original retail price,” Garner said.

Consumer 182

Consumer Marketing Accounting Retailing Pricing 182

Inside Retail

JUNE 14, 2021

New research from global resale site StockX suggests many consumers are now buying products with future returns in mind. . We have seen this coming for a long time, really since the inception of the company, but it’s absolutely taken off in the past year or two,” Jesse Einhorn, senior economist at StockX, told Inside Retail.

Fashion 246

Fashion Consumer Accounting Marketing 246

Inside Retail

JANUARY 21, 2024

According to Reuters , the US tech giant slashed retail prices by as much as 500 yuan ($70) on select iPhone models. As the battle for market share heats up, industry experts point to the resurgence of Huawei and the patriotism-driven decision-making of some Chinese consumers to return to using domestic brands.

Marketing 130

Marketing Drop-Shipping Promotions Merchant Services 130

Retail Focus

SEPTEMBER 7, 2021

Ben Balfour, Business Operations Director at Advanced Supply Chain Group , shares top tips about how retailers can prepare their supply chains for a Black Friday and Christmas sales surge. Ben Balfour, Business Operations Director at Advanced Supply Chain Group. What is driving consumer returns? 4) Acid test accuracy.

Inventory Management 147

Inventory Management Supply Chain Management Shipping Planning 147

Retail TouchPoints

OCTOBER 22, 2020

As the pandemic moves into new phases, responses lurch wildly between complete lockdowns to fast-track reopenings and back to lockdowns, at different cadences in every country, state or even locality. Retailers and their shoppers are whiplashed accordingly. Speaking of Online and In-Store Channels….

Promotions 228

Promotions Markdowns Returns Shopping 228

Inside Retail

FEBRUARY 8, 2022

When I moved back to Melbourne in 2019, I found the perfect sofa and coffee table, but wasn’t sure if my needs would change at the end of my one-year lease. I thought how good it would be if I could rent it for a year, then decide if I wanted to keep it or return it. That’s basically the start of Breeze.

Payment Services 130

Payment Services Fashion Returns Customer Experience 130

Retail TouchPoints

JULY 29, 2020

Predicting what’s to come isn’t easy, but having a robust network infrastructure in place would allow retailers to deploy new services rapidly when they’re ready to add them — regardless of where stores are located, or how long they’ve been established.

Payment Services 184

Payment Services Fulfillment Location Checkout 184

365 Retail

DECEMBER 7, 2021

Unions have warned supermarket giant Tesco that it faces disruption at its stores as workers take industrial action at distribution centres just ahead of Christmas. But the retailer said it was confident it could keep the shelves fully stocked and “fulfil our plans” despite the action by the Unite and Usdaw unions.

Fulfillment 62

Fulfillment Supermarket Returns Planning 62

Retail Minded

AUGUST 26, 2022

Manufacturer Suggested Retail Price. The idea behind manufacturer suggested retail price (MSRP), which is the strategy that most consumers are familiar with, is to set a standardized price for products sold across different locations. All of these reasons point to the importance of pricing software.

Retailing Pricing 83

Retailing Pricing Consumer Returns Marketing 83

Retail TouchPoints

OCTOBER 22, 2020

As the pandemic moves into new phases, responses lurch wildly between complete lockdowns to fast-track reopenings and back to lockdowns, at different cadences in every country, state or even locality. Retailers and their shoppers are whiplashed accordingly. Speaking of Online and In-Store Channels….

Promotions 130

Promotions Markdowns Returns Shopping 130

VMS

NOVEMBER 30, 2022

W ITH THE WORLD adjusting to Covid a few years later as less of a threat and more a part of everyday life, retailers sought to return to business as usual. Mid-year, Walmart announced that its profits were sinking – an attempt at transparency aimed at calming investors and soothing shoppers. Other retailers followed suit.

Visual Merchandising 85

Visual Merchandising Drop-Shipping Loss Prevention Shipping 85

Wiser

MARCH 17, 2020

Consumers are looking for any type of deal or savings they can get, and a lower price is a lower price—even if the difference isn’t great. They want to feel like they’re getting deals, either against a similar brand or a different retailer. Pricing something at $19.95 instead of $20.00

Markdowns 135

Markdowns Consumer Retailing Pricing Promotions 135

Inside Retail

SEPTEMBER 9, 2021

The part about discounted prices is obvious. Yet, as I wrote in another recent feature for Inside Retail , price is only one part of the value equation for consumers. Is it mostly at the same store? Perhaps it’s at two, if you have another near work. Think about your own life. Where do you buy your groceries?

Supermarket 259

Supermarket Consumer Retailing Pricing Returns 259

365 Retail

JULY 14, 2021

But even as the social environment returns to ‘normal,’ the dramatic pandemic-era shift to online channels will persist, and retailers need to be much more vigilant than in past back-to-school seasons about presenting current, relevant prices and promotions to shoppers both in-store and online. www.demandtec.com .

Shopping 98

Shopping Promotions Returns Apparel 98

365 Retail

DECEMBER 6, 2021

Unite said more than 1,000 of its members at depots in Antrim, Belfast, Didcot and Doncaster, will take industrial action. The union said the company had offered a 4% pay rise, describing it as “well below” the current retail price index (RPI) inflation rate of 6%. The current consumer prices index (CPI) is 4.2%.

Supermarket 52

Supermarket Fulfillment Retailing Pricing Planning 52

365 Retail

JULY 20, 2023

The RPI tells the full picture of inflation for UK consumers The UK’s Retail Price Index (RPI) has been a major talking point in the last 12 months as inflation has taken hold fast in the UK economy. Potential reforms to the packaging levy, known as Extended Producer Responsibility, could prove expensive to retailers’ bottom lines.

Outdoor 52

Outdoor Retailing Pricing Consumer Returns 52

Inside Retail

MARCH 8, 2022

Another major issue is the inability of new retailers to be able to access competitively-priced stock from wholesalers, controlled by the duopoly. For years, this has led to convenience store operators buying stock at a Countdown or Pak’N Save store where common items can be bought in volume considerably cheaper than from wholesalers).

Wholesale 130

Wholesale Supermarket Consumer Checkout 130

Small Biz Trends

OCTOBER 7, 2022

With that in mind, here are some grants you should look at and of course apply for. Small Business Administration (SBA) and investment in small businesses, including one aimed at improving access to broadband internet. Food Prices Rising Affects Small Businesses Nationwide. Small Businesses Dealing with Higher Gas Prices.

Payment Services 97

Payment Services Wholesale Retailing Pricing Returns 97

Retail Smart Guys

SEPTEMBER 21, 2022

The price increases are unpleasant for consumers and retailers since it challenges their budgets and business profitability, respectively. For retailers, price hikes are the initial line of defense to combat the current economic climate. 1 Challenge your vendors. 6 Re-evaluate labor allocations.

Planning 40

Planning Retailing Pricing Consumer Returns 40

365 Retail

SEPTEMBER 7, 2021

Ben Balfour, Business Operations Director at Advanced Supply Chain Group , shares top tips about how retailers can prepare their supply chains for a Black Friday and Christmas sales surge. Ben Balfour, Business Operations Director at Advanced Supply Chain Group. What is driving consumer returns? 4) Acid test accuracy.

Inventory Management 52

Inventory Management Supply Chain Management Shipping Planning 52

Indigo 9 Digital

MAY 3, 2023

That’s what the founders of off-price stores like T.J.Maxx and Burlington Stores thought when they first opened their doors. Whether times are good or bad consumers flock to these stores in search of designer goods at low prices. Off-price retailers are benefiting from troubles retailers higher up the value chain are facing.

Apparel 52

Apparel Advertising Consumer Location 52

Retalon

AUGUST 14, 2023

Retail dynamic pricing, powered by AI, is emerging as the compass to guide retailers through the convoluted maze of data-driven pricing strategy. It’s like having a crystal ball revealing the perfect price tag for each product at every moment. But why is it so critical for today’s retailers?

Merchant Services 41

Merchant Services Retailing Pricing Checkout Marketing 41

Wiser

MARCH 31, 2020

A unilateral pricing policy is a policy by which a manufacturer announces the minimum acceptable resale price for a product, and may refuse to conduct business with any reseller it catches selling those products under that price. How Online Retail Influenced Unilateral Pricing Policies. UPP vs MAP.

Advertising 88

Advertising Apparel Accounting Retailing Pricing 88

Retalon

JANUARY 17, 2022

A good retail pricing strategy is integral – but is it enough? Setting an optimal product price can be a challenging task in today’s dynamic and data-driven retail environment. Missing the mark when setting prices can have a drastic effect on sales and the overall profitability of a retail business.

Retailing Pricing 41

Retailing Pricing Markdowns Promotions Accounting 41

Inside Retail

NOVEMBER 24, 2021

We decided it would be a great synergy for us to have another platform in the Accent Group business at the premium end of the scale on the sneaker side, but we also wanted to start our journey into apparel. That has since led to us acquiring other apparel retailers, most recently Stylerunner and then Glue. LR: I think a bit of both.

Apparel 130

Apparel Fashion Marketing Consumer 130

Small Biz Trends

MAY 18, 2021

At its core, StockX is a resale market used for authentic sneakers (i.e., Buyers can find sneakers at less than the retail price, making it an attractive purchase for them, especially for a serious sneakerhead! When it comes to setting the asking price, it’s crucial to be competitive. What is StockX?

Payment Services 131

Payment Services Shipping Accounting Thrift Store 131

Retail Bound

JULY 5, 2021

It is critical to hit the key milestone of reaching at least 30% of your funding goal in the first 48 hours. You need to make sure you have at least 30% of your funding goal ready to be invested into the campaign in the first 2 days. Not enough social capital. Lack of social capital is the #1 reason why most campaigns fail.

Advertising 52

Advertising Fulfillment Promotions Shipping 52

Retalon

AUGUST 20, 2019

Plus, going into a retail store significantly reduces the potential for returns and increases upsell opportunities. In addition, many retailers are finding successful ways to unify their business strategies. – Consumer preference. – Relative permanence of online brands. – Tangible interactions (i.e.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

AUGUST 20, 2019

Plus, going into a retail store significantly reduces the potential for returns and increases upsell opportunities. In addition, many retailers are finding successful ways to unify their business strategies. – Consumer preference. – Relative permanence of online brands. – Tangible interactions (i.e.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Inside Retail

SEPTEMBER 19, 2022

With the rapid evolution of digital channels and online shopping, a global pandemic, and supply-chain challenges, retail is evolving at an unprecedented pace. Customer expectations of engagement and experience in retail are changing equally quickly. To win in retail, you can’t just have a winning online store.

Customer Experience 147

Customer Experience Customer Retention Marketing Promotions 147

Inside Retail

AUGUST 16, 2021

Chinese students being sent abroad for academic study became exposed to previously unheard-of foreign labels, and returned home both knowledgeable and trained in the most coveted amongst them – making international brands a status symbol. Today Li-Ning is valued at US$7 billion, chasing the top American and German sportswear giants.

Consumer 130

Consumer Beauty and Health Fashion Accounting 130

Retail Bound

AUGUST 23, 2021

Luckily, there’s a way to avoid wasting your money: running a dedicated test before you go through the crowdfunding process is an easy way to find out how many of your fans will actually become customers, and it can be done at a much lower cost than running a full campaign. You can determine what the best return on ad spend (ROAS) is.

Retailing Pricing 52

Retailing Pricing Fulfillment Advertising Returns 52

The Retail Creative and Consulting Agency

AUGUST 30, 2022

Our objective at first insight and the work that we’ve done is about trying to understand what the customer wants, but also where they’re headed so that you can serve them. You sit at the cross section of rear view and forward look, is that correct? Petro: some of our customers are retailers. Petro: Yeah.

Merchant Services 40

Merchant Services Consumer Sporting Goods Accounting 40

Wiser

APRIL 4, 2018

This is a guest post by Tim Taich, Interim General Counsel at Wiser. The brick and mortar and online retail worlds are merging into an “omnichannel” or “ unified commerce ” mode of customer engagement, bringing consistency across channels in merchandising and pricing, as well as ease in selection, fulfillment, and returns.

Advertising 68

Advertising Promotions Customer Experience Marketing 68