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

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

AUGUST 30, 2021

markets in the future. stores, is part of the retailer’s goal of becoming a circular business by 2030. stores, is part of the retailer’s goal of becoming a circular business by 2030. Another study , from resale marketplace OfferUP, showed that 48% of consumers bought an item through resale in 2020. “At store through Sept.

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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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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 16, 2022

The program, called Home Solar with IKEA, is expected to launch in select California markets in fall 2022. “At Home Solar will join other efforts IKEA is making to become circular and climate positive by 2030. has partnered with SunPower Corp. in a statement “We’re proud to collaborate with SunPower to bring this service to the U.S.

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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

JANUARY 10, 2022

Steve Madden and Dolce Vita are thrilled to enter the resale market with Recurate as our partner,” said Gregg Meyer, Chief Sustainability Officer at Steve Madden in a statement. Resale is an increasingly hot market for retailers, with a projected value of $47 billion by 2025 , according to ThredUP.

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365 Retail

FEBRUARY 14, 2022

EV registrations increased by 76% in 2021 compared to 2020[i] and EVs are expected to overtake petrol and diesel vehicles in the UK car market by 2025.[ii] Forward thinking companies like Ediston are ensuring they stay ahead of the curve by ensuring their sites are equipped to meet the needs of the growing market of EV drivers.

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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

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

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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. Today, we’re going to take a look at just some of the most valuable statistics you should know if you’re interested in joining the POD market. The global commercial printing market will reach $574.12

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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. There will be no reason to market two separate shopping days, as customers will come to expect deals throughout the entire month of November.

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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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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

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

AUGUST 12, 2021

” IL MAKIAGE joins a growing list of retail and consumer brands that are acquiring tech companies to bolster their data-driven capabilities. Even smaller companies like 1822 Denim have been able to boost conversions and consumer confidence using this type of technology. billion in 2019. billion in 2019. Video Credit: Voyage81.

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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.

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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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Retail TouchPoints

JUNE 8, 2023

In fact, the sneaker resale market in the U.S. is estimated to be around $2 billion and by 2030 is expected to increase to $30 billion. Heeling and Dealing The sneaker resale market is a lucrative industry. The pandemic has further fueled the market’s growth, with online sales becoming more prevalent.

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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. were secondhand, and 75% of consumers have shopped for or are open to shopping for secondhand clothing. Does a Circular Economy Matter? billion by 2026.

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Retail TouchPoints

FEBRUARY 23, 2022

In the pandemic’s wake, many retailers set up flexible fulfillment services in order to meet new safety guidelines and consumer requirements. The efficiency of the design tends to get the financial mindset while the engagement side tends to get the marketing mindset,” Nicholas explained.

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Retail TouchPoints

JULY 17, 2023

According to Grand View Research , the global IoT retail market was valued at $42.38 from 2023 to 2030. By regularly tracking and counting the stockroom’s inventory with RFID tags, Macy’s improved inventory visibility and ensured the required goods were available for consumers to purchase. Self-checkout.

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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.

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Retail TouchPoints

DECEMBER 19, 2022

Consumers are left disappointed, feeling cheated and let down. To put this into perspective, Cowen Equity Research has predicted that the sneaker resale market will be worth $30 billion globally by 2030. This surge of reseller abuse can have a negative impact on the business-consumer relationship.

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Retail TouchPoints

APRIL 13, 2022

This greatly expands the reach of the cryptocurrency to consumers, moving it beyond something that’s only used by tech enthusiasts or industry professionals. It’s a fast-growing market, with estimates stating it will reach $3.55 It’s a fast-growing market, with estimates stating it will reach $3.55

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Retail TouchPoints

MAY 4, 2022

and Europe — conscious consumers are demanding to know how retailers produced their clothes, if the materials used were recycled or organic, and if the workers were paid fair wages with good working conditions. Two-thirds of consumers say they now consider sustainability when making a purchase, making sustainability key to competitiveness.

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ESW

MARCH 29, 2023

The market is predicted to grow by 4.5% 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. So, which luxury brands are the most trustworthy in the eyes of consumers?

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Retail TouchPoints

JULY 10, 2020

Over the past decade, we have seen this sector move to a primarily online function and innovate to meet the needs of an ever-shifting assortment of consumers. In fact, 2019 showed great progress for e-Commerce to close the gap in total market share of sales compared to brick-and-mortar retail. Shifting Consumer Behaviors.

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365 Retail

FEBRUARY 14, 2022

CACI, the consumer and location intelligence specialist, has revealed the potential volume of additional footfall that retail and leisure destinations can expect if they implement electric vehicle (EV) charging points now. However, what our data reveals is just how important it is to get ahead of the market on charging infrastructure.

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Leisure Retail Consumer Marketing 64

Kissmetrics

MAY 20, 2021

The utility doesn’t stop there: No-code tools can help entrepreneurs and marketers achieve feats that in the past were reserved exclusively for programmers. These tools also support automated processes, allowing organizations and individuals to save time by automating time-consuming tasks. What’s better than time saved? Money saved.

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RetailWire

JANUARY 15, 2021

One response to the pandemic has been the rise of ghost kitchens to create meals for consumers ordering food online. Euromonitor has forecast that ghost kitchens could grow to a $1 trillion global market by 2030. The novel coronavirus pandemic has hurt the restaurant industry as much as any other business sector in the U.S.

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Consumer Other Marketing 52

365 Retail

JANUARY 17, 2022

bp and M&S have agreed to extend their convenience agreement until 2030, aiming to build on the success of their 16-year collaboration and work together to evolve the forecourt offer as customers’ behaviour changes over the next decade. Convenience – a key contributor to bp’s strategy.

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365 Retail

SEPTEMBER 29, 2022

ClearPay’s Richard Bayer, EVP, Country Manager and Head of Sales , while on a panel at the Ecommerce Expo, co-located with Technology for Marketing, said “GenZ and millennials make over 90% of their purchases using a debit card. Brands need to be flexible in meeting their consumers’ needs. said Krista Nordlund.

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Retail TouchPoints

SEPTEMBER 23, 2021

Market trends indicate that a powerful three-point strategy for you to bring to the brands you promote is: Inspire, Deliver, Sustain. 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.

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365 Retail

APRIL 27, 2023

billion by 2030… a CAGR of 13.3 per cent from 2022 to 2030.” ” (Research and Markets, April 2022) “The number of cash automation devices installed at retailers increased by more than 20 per cent between the end of 2019 and 2022 to reach more than 900,000. And with good reason – consumers still value it.

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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% The post Smart Glasses – The Future of Shopping?

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Technology Clothing Fashion Supplies 52