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4 Back-of-the-Office Opportunities to Lift Recommerce’s Profitability

Retail TouchPoints

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. Opportunity #1: Cost-efficient inventory management. However, skeptics worry recommerce isn’t a profitable or scalable business model.

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The Global Reach and Sustainable Impact of Green RFID Technology

Retail TouchPoints

Businesses today are constantly looking for ways to improve their sustainability and reduce their carbon footprint. In fact, some even project that the negative impact of this industry will double by 2030. After all, studies show that consumers care more about the environmental impact of their purchasing decisions than ever before.

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Japanese Digital Marketplaces are Hot! What to Know About Setting Up Shop

Retail TouchPoints

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. Japanese consumers are extremely savvy, with purchases based on quality, value, packaging, style, reviews and of course, pricing. and global companies.

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How the Fashion Industry Can Pave the Way for a Sustainable Future

Retail TouchPoints

But the entire industry — from concept through to the consumer — must work together to improve the transparency of value chains around the world. In recent decades, fast fashion became incredibly popular due to its cost efficiency, both for manufacturers and consumers. Start With the Supply Chain. An Eco-Conscious Journey.

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How Walmart, PepsiCo and Brooks Running are Making Strides in Sustainability

Retail TouchPoints

Individuals and companies are finding that they can apply the lens of sustainability to virtually any part of their operations — from the raw materials used to make products to how those products are packed for shipping to handling the waste that comes from unsold food. and Canada.

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Resale Revs Up: eBay Enhances Refurbished Goods Offering, New Overstock Marketplace Launches

Retail TouchPoints

. “Amidst strong demand for like-new products, eBay Refurbished is making it even easier for shoppers to access hundreds of thousands of coveted items at substantially lower prices.” Inventory is sourced directly from the brands or top-rated sellers and it goes through a thorough vetting process before being offered for sale.

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Three Areas to Focus on Customer Service in 2022 and Win Online

GetElastic

A headline recently caught my eye, which highlighted the rising cost of delivering an ecommerce experience and how the days of going online for better deals may be shifting as retailers and branded manufactures start to raise prices online to improve margins. Returns/Exchanges.