article thumbnail

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

Retail TouchPoints

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.

Payments 280
article thumbnail

IoT in Retail: Top 5 Use Cases and Real-Life Examples

Retail TouchPoints

Connecting the world of physical objects into a smart network, IoT technology brings new business opportunities for retailers and provides data-driven insights for decision-makers. from 2023 to 2030. Smart merchandising helped GetGo improve the consumer experience and increase sales. Self-checkout.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

eCommerce and Cryptocurrency: Helping SMBs Navigate a Changing Payment Landscape

Korona

between 2021 and 2030. Major brands such as Home Depot and Microsoft have begun accepting crypto as part of their eCommerce payment options. Also, processors like Paypal now have crypto gateways accepting many different coins. There are a multitude of bots and plugins that integrate with many different payment platforms. .

article thumbnail

Resellers vs. Retailers: How to Handle the Bot Problem

Retail TouchPoints

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.

article thumbnail

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 2022, circular economy revenue totaled US$338.88 In general, a circular economy prolongs an item’s lifespan through repair, resale and recycling.

Apparel 78
article thumbnail

4 Ways Retailers Can Add Crypto Successfully

Retail TouchPoints

This greatly expands the reach of the cryptocurrency to consumers, moving it beyond something that’s only used by tech enthusiasts or industry professionals. billion by 2030, a number that’s likely conservative as well-known retailers expand their footprint into this space. Understand and advocate cryptocurrency.

article thumbnail

Is Buy Now Pay Later the solution to stalling aftermarket growth?

365 Retail

With a recent McKinsey report forecasting stagnating revenue growth across European Auto aftermarkets of around 1.5% annual growth until 2030, retailers and distributors must adapt their businesses to better support their consumers’ needs. This is according to Deko , the multi-lender Buy Now Pay Later (BNPL) platform. “Car