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EY Consumer Future Index: Economic Fears Abound, but Americans Still Plan to Spend for the Holidays

Retail TouchPoints

Retailers have reason to be positive about the holiday season — Americans are still planning to spend about the same or more than last year on gifts, despite the fact that 93% are concerned about the economy and rising living costs, according to EY’s latest Consumer Future Index.

Consumer 219
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How Vintage Wine Estates is Uncorking New Opportunities in Alcohol Ecommerce

Retail TouchPoints

The result is that when the internet came around, distributors [initially said] to suppliers, if you sell your stuff online, I’m dropping you out of my store. But having this whole digital space where you can guide a customer to multiple stores that all have your wine in the same place and are telling the same story is such a big win.

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How Brands Can Map Out Contextual vs. Additive Advertising in the Metaverse

Retail TouchPoints

Brick-and-mortar retail stores, car companies/manufacturers, fast food chains. Virtual goods like Atari shoes in The Sandbox and Monster Energy drinks in ‘Death Stranding’. Fashion/luxury, CPG/consumable goods, clothing/shoe brands. Both Contextual and Additive advertising are ideal in these spaces.

Fashion 207
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50% of China’s Luxury Shoppers are New to the Market  — And Here’s How to Reach Them

Retail TouchPoints

The explosive growth of China’s luxury fashion sector is being driven by a major influx of new shoppers: 50% of customers entered the market just in the past 12 months, and this group is expected to drive 80% of its growth, according to a survey by Oliver Wyman. Self-Gifting Makes Trendy Items More Appealing Than Pricey Goods.

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Ethical Commerce: How to Overcome 3 Top CSR Hurdles (With Examples)

Retail TouchPoints

This category includes discount stores, mass merchants (“big box stores”) and businesses focused on specialty hardlines. Grocery and convenience stores, along with other food outlets, comprise this sector. Fashion apparel. This category includes department stores, specialty and softline brands. General merchandise.

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The New AI Frontier in Retail: Data-Scarce Demand Forecasting

Retail TouchPoints

Forecasting in situations with rich historical data continues to be a top-performing use case for AI in retail, as we’ve seen stronger adoption in the grocery and fast-moving consumer goods spaces. Milk, bananas and cereal are all products that consumers buy regularly, which means there’s plentiful data to collect.

Retail 149
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Viya, China’s top livestreaming influencer, vanished from cyberspace after receiving a $210m fine for tax evasion.

Ecommerce Platforms

Thanks to the massive traffic on Taobao and her customer-centred sales approach, she has become a top influencer, selling food, fashion and beauty products, and even farm produce and real estate. Standing from consumers' points of view, they build honest relationships with customers in the process. for consumer goods and 10.6%