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With Growth Top-of-Mind, Luxury Brands Focus on Digital Goods and Virtual Experiences

Retail TouchPoints

But the luxury market sits in a unique position of growth: spending on luxury goods grew approximately 20% in 2022, according to Bain & Company , and it is likely to expand further through 2023. The luxury market has a few key advantages that will likely safeguard it from financial turmoil. Will Luxury’s Biggest Market Rebound?

Payments 287
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Starbucks Unveils Evolved ‘Reinvention’ Plan

Retail TouchPoints

Starbucks also plans to continue to drive visitor interest through ongoing product innovation, growing its coffee and core menu through “customization and personalized marketing.” said Michael Conway, Group President of International and Channel Development at Starbucks in a statement. “We

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5 Things for Apparel Brands to Know About the Circular Economy

ESW

Based on its current trajectory, the clothing industry’s global emissions are predicted to grow by 50% by 2030 — a rate that is completely unsustainable for the future of our planet. In fact, the secondhand clothing market is growing faster than any other channel in the U.S., Does a Circular Economy Matter?

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5 Tips to Going Digital in the Heavy-Duty Automotive Aftermarket Industry

Pivotree Blog

The heavy-duty automotive market size is projected to grow to $178.31 billion USD by 2030. With the right digital tools and expertise, you can revamp inventory management to get the most out of your supply chain, fine-tune customer experience, and proactively find the right ways to safeguard your journey from any potential roadblocks.

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Digital Beauty Brand IL MAKIAGE Bolsters Tech Stack with Computer Vision Acquisition

Retail TouchPoints

GlobalData estimates that the computer vision market will reach $28 billion by 2030, up from just $3.5 The global virtual fitting room market is expected to reach $15.43 Voyage81’s patented software was designed to extract 31 channels of hyperspectral information from traditional images taken with existing smartphone cameras.

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Technology trends in the retail industry for 2023

iVend

Here we look at how technology is changing retail, and the key ways that technology trends in the retail industry for 2023 are enabling greater personalisation and customer experience. This digital technology in retail stores provides a ‘personal shopper’ service that enhances the customer’s experience and increases sales.

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Commerce for Weirdos: What to Do When Your D2C Commerce Needs Don’t Fit the Monolith

GetElastic

We talked through the ways to activate all of their different commerce channels, while remaining true to their brand. The truth is that most commerce platforms have self-imposed constraints that were not designed to meet the needs of companies with unique product sets, checkout processes, channels and more.