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Why Nike is putting used sneakers back on the shelf

Inside Retail

“From a customer perspective, resale is driven by a wish to get one’s hands on desirable fashion items at a lower price as well as experiencing the fun of treasure hunting for something unique,” Anna Forster, sustainability strategist and co-founder of The Purpose Agents, told Inside Retail. “At ” How Nike Refurbished works.

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

Inside Retail

The 7-month-old marketplace has even begun outpacing China’s national retailers, establishing itself as a major player in the industry – and raising the eyebrows of competitors like Shein with its aggressive customer acquisition tactics. Temu has successfully tapped into this segment, targeting price-conscious young consumers.

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Very Group suppliers have credit insurance pulled

Retail Gazette

Credit insurer Allianz Trade has pulled its cover for The Very Group’s suppliers following concerns about the retailer’s falling profits. Drapers reported that the decision to withdraw cover was down to macro-economic pressures as consumers reduced their discretionary spend. in the 39 weeks to 1 April 2023, down from £150.2m.

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

Retail TouchPoints

From supply chain disruptions to shifting seasonality and evolving fashion trends, a majority of America’s leading retail brands are constantly left with excess inventory that simply won’t sell. 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

“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. Without bricks-and-mortar stores, online-only retailers often struggle to stay front of mind for consumers.

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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?