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Alibaba Leverages the Metaverse to Offer ‘Multi-Dimensional Interactions’ to Luxury Customers

Retail TouchPoints

With China set to become the world’s largest luxury market by 2025 , Alibaba is intent on building out the immersive digital experience on its Tmall Luxury Pavilion to capture those consumers. Today 96% of Chinese consumers shop online-offline, or cross-channel. 22 in collaboration with Vogue China.

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Cotswolds Designer Outlet Breaks Ground

365 Retail

The construction is slated to begin in November 2023, with the grand opening planned for Spring 2025. Upon completion, the outlet will span 185,000 square feet and feature over 90 high-end fashion, lifestyle, and F&B brands. The post Cotswolds Designer Outlet Breaks Ground appeared first on Retail News and Events.

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How Luxury Brands Are Responding To COVID Tension With Innovation

Retail TouchPoints

For the luxury category, the pandemic’s impact has been multi-faceted, raising the stakes for brands to have larger conversations around how the “luxury experience” is defined and created for an evolved consumer base. After all, luxury shoppers worldwide are relying more on digital channels to browse and buy, according to Bain research.

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ecommerce in Nigeria – tips for success

Payoneer

The market is comprised of five major categories: Electronics & Media, Fashion, Furniture & Appliances, Food & Personal Care, and Toys, Hobby & DIY. Even for the existing payment gateways, cost, chargeback frauds, card data security, technical integrations, multi-currency, and recurring payments are still major problems.

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What is Buy Online Pickup In Store (BOPIS)? The Complete Guide for Omnichannel Retailers

Fabric

billion in 2025, accounting for 9.6% For BOPIS to work, retailers must ensure seamless coordination between their online platform and physical stores, while having real-time inventory visibility and availability, efficient order processing, and clear communication channels with customers. from 2019 to 2020. It grew to $73.16

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The Power of Storytelling: How These 3 Footwear Brands Are Winning The Market

Talkoot

adidas predicts that DTC will account for 50% of sales by 2025, up from 38% of sales in 2021. It has a great mix of a unique product, an A+ branding, and positioning strategy, smart multi-channel distribution including owned retail, and deep ties with the community. ranks Nike as the fastest-growing DTC shoe brand.

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6 Strategies for Collecting Customer Data for Early Personalization

Sailthru

Despite the business value it drives, Gartner predicts that 80% of marketers will abandon their personalization efforts by 2025. Raise does this well, using a long-term multi-channel approach. After all, true personalization isn’t just about customizing the customer experience on one channel.