Remove Markdowns Remove Returns Remove Space Planning
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As Consumer Demand for Inclusion Rises, Retailers Must Tackle Legacy Issues and Attitudes

Retail TouchPoints

There is no standardization across the industry and inconsistent sizing leads to markdowns and returns. The Solution: For retailers that want to minimize markdowns and improve margins on their brand portfolio, reducing overbuying is key. It’s an unsustainable and wasteful cycle because one size doesn’t fit all.”

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Luxury shoppers turn to TikTok for product discovery

Retail Dive

More often, shoppers save content and return to it when they’re ready to buy, the report said. Dive Insight: Though TikTok is becoming a popular platform for finding high-end fashions, fewer are making immediate purchases. About 15% of survey respondents bought a luxury item directly after seeing it on the platform, according to TikTok.

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These social media platforms are beating out Google for product discovery, reviews

Retail Dive

Social commerce and livestream shopping are on the rise, as users consistently return to TikTok Shop and categories like beauty continue to grow on the platform. This is compared to $1 a month by baby boomers, Gen X who spends $39 monthly and Gen Z who averages $33 a month. TikTok Live remains the top live shopping platform among U.S.