Retail TouchPoints

JANUARY 17, 2024

Together, we’re getting consumers and brands alike to understand the power of resale and keep well-made items in circulation. Implementation of the DPP requirement will be rolled out in a staggered fashion from 2026 to 2030, beginning with batteries. This partnership is far bigger than The RealReal.

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Retail TouchPoints

JUNE 7, 2022

Valued at $5 billion in 2021, the global BNPL market is projected to be worth upwards of $39 billion by 2030, according to Grand View Research. However, an increase in missed payments and skyrocketing interest rates are putting a damper on consumer and investor enthusiasm.

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Retail TouchPoints

JANUARY 10, 2024

Starbucks operates in India through a 50:50 joint venture with Tata Consumer Products called Tata Starbucks. With India projected to become the world’s third-largest economy by 2030, the country is of strategic importance to Starbucks, which hopes to expand its global store footprint to 55,000 locations over the next seven years.

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Retail TouchPoints

APRIL 4, 2024

In fact, fast fashion on the whole has been on the upswing: the fast fashion market was valued at $122 billion in 2021 and is projected to reach $283 billion by 2030, growing at a CAGR of 10.13% from 2023 to 2030, according to Gitnux. To the average consumer, Shein and Temu are notable for their wide selection of items and low prices.

Fashion 272

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Retail TouchPoints

APRIL 19, 2024

After all, studies show that consumers care more about the environmental impact of their purchasing decisions than ever before. In fact, some even project that the negative impact of this industry will double by 2030. One industry with a particularly negative environmental impact is the retail industry.

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Retail TouchPoints

JULY 28, 2023

Using $120 million of investments, the seven -year collaboration aims to cut 4 million metric tons of greenhouse gas emissions by 2030, roughly equivalent to the electricity needed to power nearly 800,000 homes for one year. and Canada.

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Retail TouchPoints

OCTOBER 28, 2021

And increasingly, consumers are reselling those items rather than leaving them to gather dust or putting them out on the curb — particularly as a growing number of digital resale platforms make that process easier than ever before. Shifting Consumer Sentiment Lifts Secondhand Stigma. billion items. ‘Tis the Season for Secondhand.

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Retail TouchPoints

FEBRUARY 7, 2023

Higher-income consumers are less impacted by inflation and, while aware of higher food, home and transportation costs, still have the funds to drive luxury sales and luxury growth,” said Marie Driscoll, Managing Director, Luxury and Retail at Coresight Research in an interview with Retail TouchPoints.

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Payments Omnichannel Payment Services Consumer 290

Retail TouchPoints

FEBRUARY 12, 2021

Ahold Delhaize’s proprietary research found that 43% of consumers feel sustainability is “extremely important,” up from 28% of consumers pre-pandemic. Food — and how consumers shop for it — has far-reaching impact. Research shows strong support for eco-friendly product options. Healthier Choices.

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Retail TouchPoints

AUGUST 30, 2021

stores, is part of the retailer’s goal of becoming a circular business by 2030. In a recent survey, Coresight Research found that 29% of consumers consider environmental sustainability in their shopping choices more now than prior to the pandemic. The service, which IKEA plans to eventually make available permanently at all U.S.

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Retail TouchPoints

OCTOBER 6, 2023

The adaptive clothing market is growing, with Market Reports World forecasting a compound annual growth rate (CAGR) of 5.74% through 2030. ET, features 15 styles including shirts, sweaters, jackets, pants and accessories. Kohl’s debuted an assortment of adaptive styles from Nine West last month.

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Retail TouchPoints

DECEMBER 21, 2023

Resale Continued its Rise but Came Under Financial Scrutiny Consumers’ enthusiasm for secondhand goods, as well as other forms of more sustainable consumption like rental and repair services, showed no sign of slowing in 2023. But negative press didn’t stop either app from drawing U.S.

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Retail TouchPoints

JUNE 30, 2021

Farfetch is committed to becoming “more circular than linear” by 2030 as part of its recently launched 2030 sustainability goals, and growing Farfetch Donate in the U.S. consumers an easy and sustainable way to refresh their wardrobes,” said Thomas Berry, Director of Sustainable Business at Farfetch in a statement.

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Retail TouchPoints

MAY 16, 2023

Prompted by consumer demand, retailers have been making bigger commitments to Environmental, Social and Governance (ESG) efforts, but some are facing challenges in the environmental aspect.

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RetailWire

MARCH 4, 2021

Volvo is phasing out all vehicles that run completely or partially on fossil fuels and will only produce electric models beginning in 2030. The car manufacturer also announced that, beginning in 2030, consumers will have to go online to buy their new Volvo EVs.

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Retail TouchPoints

MARCH 15, 2023

The initiatives include working with Wrap through its Textile 2030 agreement to establish an industrywide durability standard; commissioning independent research examining the relationship between price and consumer behavior on durability; and scaling up Primark’s free clothing repair workshops following a 12-month pilot.

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Retail TouchPoints

MAY 16, 2022

Home Solar will join other efforts IKEA is making to become circular and climate positive by 2030. A survey by Coresight Research found that 29% of consumers consider environmental sustainability in their shopping choices more now than before the pandemic, while OfferUP found that 48% of consumers had bought an item through resale in 2020.

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Retail TouchPoints

AUGUST 11, 2022

consumers through a new partnership with ThredUP , and a six-month rental pilot in the UK with platform Rotaro. Both programs are part of the fashion label’s “ Waste Nothing and Welcome All ” initiative, which, among other targets, aims to make Tommy Hilfiger a fully circular brand by 2030. Tommy Hilfiger , owned by PVH Corp. ,

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Retail TouchPoints

MAY 12, 2021

The company has made a number of commitments toward these causes, including: To reach net-zero carbon across Amazon by 2040; Placing an order for 100,000 electric delivery vehicles with Rivian as well as additional electric vehicle orders with Mahindra Electric and Mercedes-Benz; Powering its operations with 100% renewable energy by 2030.

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Technology Presentation Operations Consumer 264

Retail TouchPoints

APRIL 24, 2023

retail social commerce projected to reach $80 billion by 2025, according to Insider Intelligence , more consumers, especially Gen Z and millennial shoppers, are turning to creators to help with their purchase decisions. And we’ll continue to see a sizable and growing number of consumers shop in-store from creator recommendations.

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Retail TouchPoints

MARCH 28, 2024

The likelihood of delays also makes it challenging for last mile logistics companies to accurately predict delivery times, reducing their ability to meet consumers’ expectations when tracking deliveries. These factors further extend delays, often causing drivers to miss delivery windows.

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Retail TouchPoints

NOVEMBER 9, 2021

As product scarcity issues continue to dominate this holiday shopping season, consumers are increasingly turning to resale to get the goods — and platform operators are taking notice. The auction-based website is now available to consumers in Arizona.

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Retail TouchPoints

FEBRUARY 3, 2023

Aii will use the portfolio as a data-backed tool to deploy grants from the Fashion Climate Fund , which launched in June 2022 with the goals of raising $250 million to accelerate decarbonization solutions, unlock up to $2 billion of capital and help to halve carbon emissions by 2030.

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365 Retail

FEBRUARY 14, 2022

ii] As EVs continue to grow exponentially ahead of the 2030 ban on new petrol and diesel vehicles, a significant proportion of the vehicle visiting Ediston’s sites will be electric in the near future. This model is a blueprint for charging infrastructure at retail parks across the country.

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Retail TouchPoints

AUGUST 3, 2022

Which is great news for consumers who are unabashed fans of buy now, pay later, also called BNPL. Buy now, pay later is appealing to consumers for its flexibility, affordability and accessibility. And there are a lot of consumers that use it: 56% of Americans have used a BNPL service, up almost 50% in just one year.

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Retail TouchPoints

JANUARY 10, 2022

billion to extend its reach both in the apparel sector and with Gen Z consumers; and Crocs : The retailer introduced Clean Out , enabled by ThredUP’s Resale-as-a-Service (RaaS) solution, which is part of Crocs’ commitment to become a net zero carbon footprint company by 2030.

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Retail TouchPoints

JULY 1, 2021

The initiative is a major step in Timberland’s goal of having a net positive impact on nature by 2030, through reuse and promotion of regenerative farming practices. Either way, the consumer and product journey goes on, and we continue to move the world forward, together.”. Starting in August 2021, ReCircled will let U.S.

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Accessories Apparel Shipping Consumer 264

Ecommerce Platforms

APRIL 5, 2023

However, up to the year of 2030, the marketplace is expected to grow at a CAGR of 38.1%, leading to an expected value of 1,597.1 billion by 2030 Machine learning, a subset of artificial intelligence, is experiencing phenomenal growth. By 2030, the machine learning space will be worth around $302.62 billion by 2030.

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Retail TouchPoints

MARCH 11, 2022

The program will help the retailer meet its Target Forward goals, which include becoming the market leader for creating and curating inclusive, sustainable brands and experiences by 2030 and making 100% of its private label plastic packaging recyclable, compostable or reusable by 2025.

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Retail TouchPoints

JUNE 24, 2022

Focus and blame generally turn to the manufacturing, production and distribution parts of the chain, but other aspects are not usually at the forefront of the mind, especially when it comes to the consumer standpoint. In recent decades, fast fashion became incredibly popular due to its cost efficiency, both for manufacturers and consumers.

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Fashion Shipping Costs Supplies Apparel 335

Retail TouchPoints

NOVEMBER 6, 2023

The core of this approach is “aligning our brand with the values and expectations of today’s consumers, while expanding our reach and optimizing our operations.” As part of this process, Princess Polly committed to halving its emission intensity by 2030. “To

Fashion 260

Fashion Omnichannel Operations Consumer 260

Retail TouchPoints

JANUARY 24, 2023

Economic headwinds are likely to blow harder when consumers’ savings from the pandemic dwindle, which a Charles Schwab analyst believes could happen by Q3. There is built-up excess savings — estimates vary in the $1.5 to $2 trillion range — and that has been fueling consumption.

Food and Beverages 278

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Retail TouchPoints

OCTOBER 17, 2022

Social impact, brand purpose and environmental influence are all driving decisions for consumers and employees alike. In a global survey of 30,000 consumers, Accenture Strategy found that 63% of consumers prefer to purchase from purpose-driven brands. that 72% believe purpose should come before profits.

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Multi-channel Consumer Improvements Retail 278

Retail TouchPoints

AUGUST 23, 2023

Additionally, 85% of Gen Z consumers use self-checkout when available, driven largely by the convenience factor. There are many benefits to be gained from self-checkout system implementations, which is why it’s not surprising that the global market is expected to show a 16% CAGR between now and 2030.

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Retail TouchPoints

JUNE 14, 2023

Nearly every major retailer has embraced consumer demands for quick and easy delivery. The rise of delivery services has made it easier for consumers to get purchases more quickly and for retailers to offer these services more widely. In fact, experts predict that online food delivery alone will become a $32 billion industry by 2024.

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Retail TouchPoints

NOVEMBER 27, 2020

The current shift towards online shopping is what we would have expected to see in 2030, meaning that the pandemic has accelerated the rise of ecommerce by a decade. In fact, I predict that Black Friday this year will look a lot more like what we expect it will look like in 2030, and that’s not a change that will revert back next year.

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Electronics Consumer SEO Retail 317

Retail TouchPoints

JUNE 6, 2023

Recommerce, the online selling of previously owned items to buyers who reuse, recycle or resell them, is growing 11 times faster than traditional retail and is expected to reach $84 billion by 2030. Lindsey Peters is Retail and Consumer Goods Industry Lead at Celonis. Most people agree that recommerce is good for sustainability.

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