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How Retailers Can Control Costs Even As Return Rates Climb

Retail TouchPoints

Returns are a cost of doing business for any retailer. In the wake of COVID-19, returns are receiving serious (and necessary) attention for several key reasons: Retailers are spending more processing returns in stores. Returns is just one example.” . In-Store Returns Trending Up, But Not Pouring In.

Returns 326
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5 Ways To Rein In Costly Online Returns

Retail TouchPoints

With record-setting online sales looming on the horizon for the holiday season, retailers also are bracing for an onslaught of online returns. Those retailers selling primarily or exclusively online are expecting a corresponding hike in the volume of returns, but not much difference in the return rates they have become accustomed to.

Returns 178
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Marketers Need to Rethink Strategies for Attracting Younger Generations

Retail TouchPoints

As a result, marketers need to work harder to sell to young Americans. Predictably, BCG found that Gen Z and millennials are increasingly turning to grocery shopping over take out and online marketplaces instead of specialty stores. As in stores, customers should be guided to related products based on individualized criteria.

Marketing 149
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POST COVID-19 Outlook on Sporting Goods Industry & Market Trends: The Good, The Bad and The Greatest Opportunities Ahead

RETAIL MANAGEMENT SOFTWARE

While quarantine and lockdown left some merchants gasping for air other specialty stores like bicycle stores went on fire as sales skyrocketed. But first, let’s examine the state of play and how retailers in the sporting market like those served by ChainDrive has responded to post-COVID-19 side effects.

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What Rewe’s hybrid concept says about the future of checkout-free stores

Inside Retail

Rewe has 3700 stores in Germany, operated as branches or by independent retailers, and a turnover of 26.7 Dr Seshan Ramaswami, associate professor of marketing at Singapore Management University, believes that rising labour costs will drive more supermarkets around the world to experiment with checkout-free stores.

Checkout 130
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Retail Statistics You Should Know

Small Biz Trends

We have assembled all the numbers you need, including store operations, shopper behaviors, how retailers market their businesses, and much more. If you own a retail store or are considering shop ideas for a new one, take a look at the stats below. The retail market size is continuously growing. Physical Stores.

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How Donating Masks Created A New Product Category For WestPoint Home

Retail TouchPoints

Growth can be a challenge, particularly when there’s new leadership at a company with brands that date back as far as two centuries as well as wide distribution across mass, department and specialty store and e-Commerce channels. New DTC sheeting brands came out, they told an amazing marketing story, and they took off.