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What Recommerce can Teach Retailers About New Consumer Behaviors and Future-Proofing Sales

Retail TouchPoints

As retailers have struggled to navigate changes in consumer behavior and economic uncertainty brought on by the pandemic, one area has seen continued growth: recommerce. Recommerce checks many boxes for both consumers and businesses. Consider that 223 million consumers say they have or are open to shopping secondhand products.

Consumer 311
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Forever 21: 4 Reasons it Failed & Filed for Bankruptcy

Indigo 9 Digital

New ultra fast fashion competitors like ASOS and Boohoo entered the market and did what Forever 21 did but better. Not only are these retailers fast to market with their trendy designs they are also skilled eCommerce operators. Something has to be said about a first mover advantage, it makes things easier.

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Fashion rental is back: Designerex looks to raise funds as demand surges

Inside Retail

Peer-to-peer fashion rental platform Designerex is looking to raise fresh funds to help it scale in the US and other global markets as it experiences record growth post-Covid. According to FMI, global online clothing rental sales are expected to grow 11 per cent CAGR between 2021 and 2031. Focus on customer experience.

Fashion 130
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Zara’s Strategy - 7 Ways it Stays on Top

Indigo 9 Digital

In 2020 during the height of the COVID-19 pandemic when consumers were forced to shift a large share of their spending online, Zara’s digital sales were up 77% representing a third of all sales. 2020 marked the first time Inditex ended a year with fewer stores than when it started the year. Manufacturing in small batches.

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Jason & Scot Show Episode 297 -GroceryShop 2022 and news

Retail Geek

Episode 297 is a recap of the GroceryShop trade show in Las Vegas, and the Consumer Brands Executive Summit in Colorado Springs. Jason: [5:06] 11 episode too short so that’s a good Pro tip yeah so lots of lots of good TV it’s been you’re gonna have some good binge-watching win and if you ever do get some free time.

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Jason & Scot Show Episode 300 – Goodwill Finds CEO Matt Kaness

Retail Geek

Matt: [2:02] Yeah have you too I like to think about my career or having two careers to date the first one was, very foundational for what I’m doing now but very quantitative, process-oriented mechanical engineering patent law Manufacturing, Ops Consulting things that had nothing to do with retail or fashion or e-commerce and then I. [2:32]

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Jason & Scot Show Episode 264 – Retailer Q1 Earnings and E-Commerce data

Retail Geek

April Sales – Flat vs. March 2021, up 41% vs. April 2020 (severely Covid impacted month). vs Q4 2020, up 39.1% vs Q1 2020. Yeah so they’re a fashion brand they’re a direct-to-consumer fashion brand I mentioned that they’re based in China. US Dept of Commerce Data. Retail Q1 Earnings.

Apparel 86