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Strong Coach Results Help Parent Company Tapestry Achieve $1.5B in Q1 Revenue

Retail TouchPoints

Direct-to-consumer (DTC) sales increased by 1% ; and Fueling fashion innovation and product excellence: New product releases and brand launches “outperformed and fueled handbag average unit retail gains globally,” the company reported. Tapestry reported that despite economic headwinds in the U.S.,

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It’s Official – Amazon is an Ecommerce Enabler First and a Retailer Second

Retail TouchPoints

Here’s a look at how Amazon is moving even further away from the domain of retailer with the debut of new services in supply chain management, shipping, banking, market research, product development, inventory management and more. Now qualified sellers can borrow more, up to $5 million.

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Guarding the Retail Fortress: Cybersecurity Challenges and Network Interruption Risks

Retail TouchPoints

The Evolving Threat Landscape Retailers increasingly rely on digital platforms for sales, inventory management and customer engagement. A cyberattack that compromises customer personal information can diminish the trust consumers place in a brand.

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Deloitte: Retailers Should Prepare for ‘Holiday Hangover’ in 2023

Retail TouchPoints

consumers reported that they experienced a worsening economic situation over the past year, and members of this group said it would take time for their concerns to subside even as economic stressors abate, according to Deloitte’s Global State of the Consumer Tracker. Nor will these cutbacks be limited to lower-income households.

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Inventory Accuracy: The Not-so-Secret Ingredient for Holiday Sales Success

Retail TouchPoints

With Salesforce’s 2023 holiday predictions forecasting that BOPIS (buying items online for in-store or curbside pickup) will influence $28 billion in incremental sales during the holiday season, retailers seeking to capitalize on this revenue opportunity need to ensure their store operations and inventory management practices are up to par.

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Blockchain and Luxury Retail

Retail Focus

Their method of recording and verifying transactions is secure, transparent, and decentralised, and it can be applied to different sectors such as finance, supply chain, and digital identity verification. The adoption of blockchain has a significant impact on both consumers and retailers. Benefits of Blockchain in Luxury Retail.

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CIO Q&A: Lessons and Priorities from Aldo Group’s Companywide Digital Transformation

Retail TouchPoints

RTP: What key consumer behaviors are you aiming to respond to as a brand? Houle: Consumer behaviors have evolved significantly and as a retail brand, we need to be attuned to these changes and respond proactively. Unified commerce: Consumers today expect a seamless shopping experience across channels.