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Coach CEO Q&A: New Las Vegas Fulfillment Center will Reduce Delivery Times by 50%+

Retail TouchPoints

To better serve a growing legion of West Coast customers, Tapestry , parent company of brands including Coach and Kate Spade , opened its 788,000-square-foot North Las Vegas Fulfillment Center in November. RTP: What are the most important technology investments that have been made in the new fulfillment center?

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The Post-Pandemic Fashion Industry Makeover

Retail TouchPoints

Those that can keep their fingers tightly on the pulse of the customer and capitalize on the key trends and latest innovations will assume the top dog position. Gen Z and millennial shoppers are driving the fashion resale growth, with the market projected to grow to almost twice the size of fast fashion by 2029.

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How NFTs Can Fight Fraud and Increase Customer Loyalty

Omnisend

An example of a receipt a customer would receive (here for a coffee cup). Depending on what kind of information the store makes available, the customer would also be able to see other information for those sneakers—where the materials were sourced, manufactured, handled, shipped, etc. The move to “phygital”. Chicago Bears hologram.

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Moss Bros launches menswear subscription service

365 Retail

Bosses hope the £65-a-month “Moss Box” service can be the new Netflix of clothing with customers able to choose two items from casual to formalwear with unlimited swaps. If the customer finds what Moss Bros calls “a keeper” there is the option to buy for up to 50% off the retail price. billion by 2029. Moss Bros / PA).

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Self-checkouts are here to stay, but retailers shouldn’t leave cash buyers behind in the pursuit of progress

365 Retail

Staff and customer theft (or ‘retail shrink’ as it’s known) grew to $94.5 The majority of this figure, however, comes not from customer shoplifting but organised retail crime, and a further 28.5 billion by 2029, at a CAGR of 15.0 Retailers can make considerable gains through automation. billion in 2022 to $12.01

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The Ultimate Guide to Print on Demand Statistics for 2023

Ecommerce Platforms

According to one report, 48% of today’s customers say they’re willing to wait longer to receive their item, if it means they can access a personalized product. By 2029, the industry is expected to be growing at a CAGR of approximately 31.5%, reaching a potential value of around $28 billion.

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Mastercard Announces That Magnetic Stripes Will Be Phased Out

Korona

All cards with magnetic stripes will be completely phased out by 2029 in Europe and 2033 in the U.S. So while banks and credit card companies have already given merchants plenty of reasons to adopt the chip and PIN technology , they’ve still left plenty of time for the new technology to be gradually adopted.