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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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Guarding the Retail Fortress: Cybersecurity Challenges and Network Interruption Risks

Retail TouchPoints

In the store environment, retailers need to evaluate the physical security of POS terminals and self-scanning technology. While the report primarily focuses on how AI can optimize store layouts and marketing strategies, there is an underlying message on data security.

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Independent Retailers & Sellers Conference Announces Speaker Line-Up for ASD Market Week’s Upcoming Show

RetailMinded

Denver, CO (February 15, 2023) – The Independent Retailers & Sellers Conference is proud to return to ASD Market Week at their upcoming Las Vegas trade show, which will be held February 26 to March 1, 2023. Interested in private label or importing products and selling them on an e-commerce platform or brick and mortar store?

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As ‘Appointment Retailing’ Use Cases Expand, More Brands See Value

Retail TouchPoints

And as COVID-19 volatility continues to put retailers and consumers in a frustrating holding pattern, more retail brands are turning to appointments to minimize store traffic and keep social distancing guidelines in place. Further, 96% of consumers say they will continue to take personal safety precautions while shopping.

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What DTC Disruptors Can Teach Legacy Brands About Leveraging First-Party Data

Retail TouchPoints

Direct-to-consumer (DTC) brands, along with some of the savviest big-name marketers (like Starbucks , Nike and adidas ), purposefully focus on their first-party relationships and the data that flows from them. There’s been a similar situation in terms of the distribution of all manner of consumer goods.

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Data Capital: The Competitive Weapon Most Retailers Have Yet To Fully Monetize

Retail TouchPoints

Traditional retailers are sitting on a powerful competitive weapon, and they’ll continue to operate less efficiently, lose market share and leave millions in new revenue streams and profits on the table unless they pull the trigger. And this isn’t people’s private data we’re talking about. Data As A Service.

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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.