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Retailers are adopting circular economy models, such as product rental services, resale platforms, and recycling programmes. These approaches aim to minimise waste and extend the lifespan of goods, particularly in sectors like fashion and homeware.
Last year, Bondi Sands, a self-tanning brand, bundled complementary products to make holiday shopping more convenient and simpler; and Fashion brand Ruby emphasized sustainability and community-building through their TAKE B_ACK FRIDAY initiative. Customers were invited to resell past purchases, creating a circular shopping experience.
Socialcommerce is redefining how consumers discover and buy products, while shifts in consumer behaviour are forcing retailers to rethink how they operate, sell and scale. Retail CIOs should consider how unified their customer front end is with their internal back-end systems.
With retailers continuing to reopen their doors to the public, the question remains — what COVID-19-necessitated retailing strategies will make their way into go-forward plans, and which of those will be forgotten?
With the intent of creating a sustainable future for fashion and encouraging new ways to shop, Jigsaw were the first brand to offer a fully circular model with My Wardrobe HQ. SocialCommerce. Levelling up the socialcommerce space is live commerce. Want to keep in the loop? Subscribe to our newsletter here.
First and foremost, the lectures by the style agency Stilbüro bora.herke.palmisano on the Christmasworld and Paperworld Trends 22+ “facing forward” provide valuable guidance when it comes to modern and, at the same time, high-turnover assortment design and product presentation.
And yet it turned out to be another challenging year, particularly for retail. Quick commerce, socialcommerce, marketplaces, greenwashing of brands, a resurgence in physical retail and a rebalancing of ecommerce were key themes during the year. Got you thinking about retailtrends for 2023?
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