Retail TouchPoints

FEBRUARY 3, 2023

The Apparel Impact Institute (Aii) is calling for applications for the Climate Solutions Portfolio, a planned registry of proven carbon reduction solutions for the fashion industry. This will represent the first deployed capital from the Fashion Climate Fund, which includes Target , PVH Corp.

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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

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

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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Retail TouchPoints

NOVEMBER 6, 2023

After a successful partnership with Pacsun, the fashion brand opened its first U.S. 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.” 2023 was a critical year in Princess Polly ’s growth story.

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RTP blog

JULY 17, 2019

Last week, UBS analysts described Nordstrom as a “no-growth retailer,” one that hasn’t been able to fight off pricing perception and a cultural shift in consumer spending. Macy’s would have really stood out as a place where consumers knew they would see something different any time they shopped there.

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365 Retail

APRIL 25, 2023

It’s no secret that the retail industry has long been criticised for the toll it has taken on the planet – from production processes to consumption behaviors, and everything in between,” said Karla Martin, Global Fashion & Luxury Leader, Deloitte DTTL. But doing what’s required may not be the same as doing what’s right.

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Retail TouchPoints

JANUARY 10, 2022

“It’s no secret that millions of tons of clothing and shoes are incinerated or sent to landfills each year, and changing this will require changing the ways that we think about creating and buying fashion.”. Resale is an increasingly hot market for retailers, with a projected value of $47 billion by 2025 , according to ThredUP.

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ESW

JUNE 27, 2023

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. After its long reign, fast fashion is on its way out. beating out DTC, value chains, fast fashion, department stores and more. billion by 2026.

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Retail TouchPoints

JUNE 8, 2023

is estimated to be around $2 billion and by 2030 is expected to increase to $30 billion. The market is driven by “sneakerheads” and resellers, often using bots to buy up large quantities of in-demand sneakers, leading to shortages for regular consumers. In fact, the sneaker resale market in the U.S.

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Retail TouchPoints

JUNE 6, 2023

As they say in fashion, everything old becomes new again. 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.

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Ecommerce Platforms

MAY 22, 2023

At the same time, consumers are searching for more sustainable, personalized products, boosting demand for the print on demand approach. billion by 2030 ( Polaris ) The commercial printing market, also connected to the POD landscape, is also on the rise. billion by 2030. The global commercial printing market will reach $574.12

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Retail TouchPoints

DECEMBER 5, 2022

Growth markets include food, personal care, fashion, beauty products, toys, electronics and furniture amongst many other categories. Japan’s cross-border ecommerce market is growing as well: today it’s a $2 billion (USD) market, estimated to reach over $5 billion in 2030, and where new opportunities lie for U.S. and global companies.

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Retail TouchPoints

APRIL 22, 2022

Sendle holds itself to the same environmental standards it helps retailers achieve, and the company is aiming to achieve a net zero environmental impact across all operations by 2030. Efforts like this, along with educating consumers, will be key to building a greener future.

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ESW

MARCH 29, 2023

annually from 2022 to 2027, and the industry’s largest segment (fashion) came in with a market volume of USD $97.23 Here is a look at how luxury brands are adapting and evolving to meet consumer demands. Consumers are fully supporting the change, with 20% of total luxury goods revenue coming from online sales in 2022.

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Dynamic Action

JUNE 20, 2023

Digital garments can reduce carbon footprints and water consumption through satisfying the consumers’ craving for newness. Introduction Sustainability is climbing to the top of every retailer’s agenda, thanks to mounting consumer pressure and a growing climate emergency.

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365 Retail

MARCH 16, 2023

One of the key initiatives is the establishment of an industry-wide durability standard, which will be developed in partnership with WRAP through its Textile 2030 agreement. To promote this, Primark is launching a range of new initiatives to help ensure clothes can be loved and worn for longer.

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Retail TouchPoints

SEPTEMBER 23, 2021

Undertake the following: Create a sitewide banner that boldly announces purchase-by dates for remote holiday shipping to prevent consumer letdown and brand reputation damage. Also in Sweden, Volvo has announced that its entire car lineup will be electric by 2030.

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365 Retail

SEPTEMBER 15, 2021

Primark has committed to making all of its clothes using recycled or more sustainably-sourced material by 2030 while promising the move will not result in higher prices. The fast fashion giant also said it will strengthen the durability of its clothes so they last longer and design garments so they can be recycled.

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365 Retail

SEPTEMBER 29, 2022

The panel debate which discussed how businesses can adapt to attract the next generation also had contributions by Krista Nordlund, Chief Digital Product Officer at Marks & Spencer , Natalie Chapple, Managing Director & Founder at Glisten Cosmetics and Shakaila Forbes-Bell, Founder, Editor-in-Chief, Fashion is Psychology.

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ROI Revolution

MARCH 15, 2021

With the rapid shifts that took place last year, 2021 will be about finding ways to reach wary consumers and filling your marketing toolbox with innovative strategies to stand out. trillion by 2030. As the fashion industry begins to recover in 2021, online and omnichannel strategies will be crucial. 2021 Apparel Trends + Stats.

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365 Retail

AUGUST 8, 2023

compound annual growth rate from 2023 to 2030. A smart-manufacturing report by GlobalData highlights how many supply chains have adopted new and more imaginative models to appeal to consumers, especially in fashion. Statistics from Grand View Research forecasts a whopping 27.1%

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ROI Revolution

SEPTEMBER 30, 2021

With people spending more time inside their homes over the past year, redecorating and remodeling became common among many consumers. Home décor has also seen massive growth as consumers have been on the lookout for ways to spruce up their living space. trillion by 2030. Home furnishing ecommerce reached $92.32 YoY growth.

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Omnisend

APRIL 27, 2021

Fashion ecommerce is an ever-expanding industry that is not only susceptible to change, but embraces it proudly. In fact, marketers can learn a lot from the revolutionary fashion ecommerce trends driving a booming $2.5 trillion by 2030—a 74% increase from 2019: Source. Omnichannel Fashion Ecommerce. trillion industry.

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RetailMinded

JULY 28, 2022

Senior vice president of product management, Brian Kinsella, addressed sustainability from a product perspective highlighting Manhattan’s unique ability to extend greener consumer choices to eliminate unnecessary returns, wasted packaging & shipping, by allowing them to change an order right up until the moment an item is loaded for delivery.

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Retail TouchPoints

JUNE 30, 2021

Consumers bought less clothing during the pandemic, that we know for sure, but we also saw that many people tried secondhand for the first time ,” said Karen Clark, VP of Marketing Communications at ThredUP in an interview with Retail TouchPoint s. Growing Sustainability Concerns Favor Resale Over Fast Fashion.

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ROI Revolution

SEPTEMBER 7, 2021

Consumers spent nearly 8 hours online per day – up over an hour from the year before and 90 minutes from 2018. As the pandemic continues to disrupt the expectations of consumers and retailers alike, what does the future hold for the most significant industries in the market? Consumer-Packaged Goods (CPG). million in 2020.

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365 Retail

SEPTEMBER 15, 2021

The huge increase in online shopping over the past decade or so has had a major impact on department stores, with many consumers turning to Amazon, eBay and other online shops for shopping, rather than a more traditional trip out to a physical store.

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Omnisend

JULY 8, 2021

Consumers are aware of how their shopping impacts the environment. By appealing to these consumers, you can strengthen your brand and capture new audiences, all while helping out the planet. Eco-friendly,” “good for the planet,” and “carbon neutral” are just a few of the terms consumers look for when seeking more sustainable options.

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Retail TouchPoints

FEBRUARY 8, 2021

But as with many innovations, voice offers both an opportunity and a threat — there is a risk that the voice intermediary will take the retailer’s place in the customer relationship, thus becoming a gatekeeper that influences consumers on where to shop, and not necessarily with you! And it is not just health.

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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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Retalon

JUNE 11, 2021

The retail and consumer packaged goods (CPG) supply chain sector has been abruptly disrupted by the global pandemic. Consumers expect to seamlessly interact with brands and retailers across multiple channels, such as brick-and-mortar, social media and e-commerce. . billion metric tons a year by 2030.”

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GetElastic

SEPTEMBER 15, 2021

B2B companies are implementing new strategies to adapt to the changing consumer needs and take advantage of a growing online customer base, characterized by new loyalty programs, deep personalization options, and AI-based features. By 2030, AI will lead to an estimated $15.7 trillion, or 26% increase in global GDP.

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Retail TouchPoints

MAY 9, 2023

Despite the controversies, the fast-fashion brand has been named one of Gen Z’s favorite brands and one of the fashion industry’s most popular brands. As its reach and impact in the fashion industry continues to grow, SHEIN is focused on righting the brand ship and zeroing in on its manufacturing and product development processes.

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Retail TouchPoints

JANUARY 25, 2022

“With it will come the meta-economy, which will power new opportunities for work, wealth, status and identity, and will impact how consumers communicate, play, shop and learn.”. Not only will consumers need ways to create their virtual avatars, but they’re also going to want ways to personalize them. 1: Infrastructure.

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Omnisend

DECEMBER 7, 2022

For example, did you know that 85% of consumers abandoned their shopping carts in 2022? Similarly, mobile commerce is on the rise, with more and more consumers using their smartphones and tablets to make purchases. It’s the #1 reason for 54% of consumers. Fashion ecommerce statistics. And guess what?

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Dynamic Action

SEPTEMBER 6, 2023

A few notable trends in the luxury industry for 2023 include: A movement online – By 2030 , online should be the leading channel for luxury sales with ~32-34% market share. Bain & Co. project that the market will grow another 5-12% in 2023, following a record year in 2022.

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