article thumbnail

TikTok Shop Expands Refurbished Electronics Business to the U.S.

Retail TouchPoints

TikTok Shop plans to expand its refurbished electronics assortment over the coming months to also include earphones, headphones, smart watches and more. With holiday shopping ramping up, consumers will be able to access high-quality goods from Apple , Samsung , Google , Lenovo and other brands at a fraction of their original retail prices.

Shopping 259
article thumbnail

The AI Pricing Debate: Balancing Retail Innovation and Consumer Trust

Retail TouchPoints

This development follows efforts by major brands like Wendy’s and Walmart to implement real-time pricing technologies, raising questions about AI and consumer protection, privacy, and fair practices. The Rise of AI in Retail Pricing The adoption of AI in retail pricing is accelerating.

Consumer 306
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Woolworths and Coles drew consumer ire for cost-of-living pressures in 2024

Inside Retail

Pricing strategies, including the potential use of false or misleading was/now pricing and special promotions, and the relationship between retail prices and wholesale and farmgate prices, are being considered by the ACCC.

Consumer 246
article thumbnail

How AI is Revolutionising the Retail Sector

Retail Focus

Predictive analytics provides retailers with a data-driven approach to demand planning and inventory management. Optimised Pricing Finding the optimal price point to maximise profits while remaining competitive is a constant balancing act in retail.

article thumbnail

Behind Documents’ path to luxury fragrance leadership in China

Inside Retail

As such, it commands premium retail prices – nudging 1000RMB ($140) per 30ml bottle – and has drawn investment from French giant L’Oreal’s venture capital fund, Chinese online luxury accelerator Ushopal , and spirits giant and Chivas Regal parent Pernod Ricard. Zhaoran conceded there is no five- or 10-year plan for Documents’ future.

article thumbnail

How AI is Helping a Brooklyn Thrift Store Amp Up Both Sales and its Environmental Impact

Retail TouchPoints

The company was founded by two veterans of fellow circular economy tech solution Happy Returns , Andy Downard and Josh Packard, and uses AI to tackle one of the trickiest facets of secondhand retail pricing. And Thriftly is aiming to make it all more efficient and profitable, on the thrift store side that is.

article thumbnail

New Zealand skincare brand Emma Lewisham enters Credo Beauty 

Inside Retail

After starting as a DTC-only brand, Emma Lewisham is now available in over 200 stores, including Space NK, Harrods, Goop and Net-a-Porter, with recommended retail price sales globally for the year ending March 2024 totaling NZ$13 million. EL: The partnership with Credo came about organically.