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Shoppers see sharpest price rises since 2012 as cost of living crisis bites

365 Retail

in January, the highest rate since 2012. In particular, furniture and flooring saw exceptionally high demand leading to increased prices as the rising oil costs made shipping more expensive. The post Shoppers see sharpest price rises since 2012 as cost of living crisis bites appeared first on 365 RETAIL | Retail Technology News.

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Seriously Silly Socks: Personalization + pick, pack, ship simplification.

BigCommerce

For building a personalized Build-a-Box tool that simultaneously reduced pick, pack and ship time –– saving time while making money. Year founded: 2012. BigCommerce also integrates with our shipping tool, ShipStation, which makes the process even easier. Business stats. Founder: Andrew Gill. Agency used: Cart Designers.

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Shein and Temu Face Congressional Scrutiny Over Imports, Forced Labor

Retail TouchPoints

Both Temu and Shein rely heavily on the de minimis exception to ship packages directly to U.S. According to the committee’s initial findings, Temu and Shein alone are likely responsible for more than 30% of all packages shipped to the U.S. market in 2012, Shein has been compliant with U.S. that originate from China.

Shipping 279
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Due Diligence: Winning October Prime Day Prep Strategies

Retail TouchPoints

What still needs to ship? Before founding the company in 2012, Hariharan spent five-plus years at Amazon building out automated vendor management and supply chain. Daily average OPS was 22% higher for the Prime Early Access 2022 sale than BFCM 2022. What sold through? What is Amazon sitting on?

Supplies 264
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Inditex To Shutter Up To 1,200 Non-Zara Stores As It Pivots Toward E-Commerce

Retail TouchPoints

Staff members at the closed stores will be offered new roles with the company, such as handling fulfillment of ship-from-store orders. Most of the closures are expected to be smaller, non- Zara branded locations, and the retailer also plans to open 450 new stores fitted with the latest sales integration technology.

eCommerce 229
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Scarred by the 2008 Recession and COVID, 48% of Gen Z Frequently Shops at Discount Stores

Retail TouchPoints

That’s according to a recent study by the ICSC that surveyed Gen Z consumers, defined by the Pew Research Center as those born between 1997 and 2012. The study found that four out of five are worried about the health of the U.S. Free returns, at 31% , and quick/helpful customer service, at 27% , also are vital elements.

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Turning Retail Losses into Profits

Retail TouchPoints

Since 2012, the median EBITDA for publicly traded retailers was 9.8%, according to Deloitte. The costs tied to ecommerce – from technology and app development to fast, free shipping and returns – can be daunting and may be exacerbating profitability challenges. In 2019, it declined to 6.7% and modestly rebounded to 8.6%

Retail 246