article thumbnail

Retail Trends 2023: A Guide For Small Business Owners

Korona

Despite persistent inflation and supply chain issues, there are significant bright spots in the retail industry. Total nationwide retail continues to rise each year, with 2022 reaching upwards of almost $5 trillion. Brick and mortar retail has shown impressive resilience over the past year.

article thumbnail

TA3 Swim Lowers Return Rates 47% with Virtual Fitting Room Tech

Retail TouchPoints

Selling swimsuits online was proving challenging for TA3 Swim due to customers often incorrectly choosing their own sizes — a problem for all apparel and footwear retailers, but particularly for the body-hugging styles sold by TA3 Swim. Fit problems result in 38% of apparel returns, according to 3DLOOK.

Apparel 200
Insiders

Sign Up for our Newsletter

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

article thumbnail

Top 10 Small Business Ideas – Low Start-Up Costs and Easy to Scale

Korona

But there are some great small business ideas that are a whole lot cheaper than you might have imagined. True entrepreneurs muster the guts to turn a passion into a business. True entrepreneurs muster the guts to turn a passion into a business. Moving and Courier Business. Apparel Design. Podcasts and Blogs.

article thumbnail

Target, Lowe’s, Sephora, Foot Locker Among Retailers Boosting Black Brands

Retail TouchPoints

Retailers across multiple verticals are taking concrete steps to diversify their merchandise mixes with products produced by women, Black people and other people of color. Each of the winners received marketing and mentoring support along with a place in the retailer’s merchandise mix. Tracee Ellis Ross. Big Find pitch session.

article thumbnail

Amazon FBA Boosts Sustainability Efforts With Two Circular Commerce Programs

Retail TouchPoints

FBA Liquidations will provider sellers the option to use Amazon’s existing wholesale liquidation partners and technology to recoup potential losses on returned and overstock inventory. Shoppers can collect their unwanted apparel and either ship it directly to Farfetch or have it picked up for free.

article thumbnail

Excess Inventory: The Losers And Wieners

Retail TouchPoints

My friends and I were regulars back in college, so when I read of its struggles during the pandemic, I packed the kids in the car for the 45-minute drive to get a bit of comfort food and support the small business. . Bulk discount sales are another common tactic for manufacturers and retailers. Dealing With Excess Capacity.

eCommerce 279
article thumbnail

3 Ways Livestreaming is Shaking Up the Retail Marketing Playbook

Retail TouchPoints

As retailers shift more of their attention and dollars to digital content and community-building activities, livestreaming has moved into the spotlight. When people talk about going ‘live,’ they have very different definitions of what that means,” Cosco said in an interview with Retail TouchPoints. “It Companies in the U.S.