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Resale Continues to Rise: Global Secondhand Sales to Hit $350B by 2027

Retail TouchPoints

Consumers and retailers are turning to resale more than ever amid economic uncertainty, according to ThredUp ’s 11th annual Resale Report , conducted by GlobalData. consumers ( 52% ) shopped secondhand apparel in 2022. The reason I call that out is because, what the online resale market does for the consumer is make everything easier.

Apparel 244
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Striking the Balance Between Fraud Prevention and Seamless Customer Experiences

Retail TouchPoints

Today, nearly two-thirds of adult consumers globally use digital payments, and by 2027, digital revenue is predicted to exceed $14.9 In fact, chargeback requests are expected to reach $41 billion by 2027.

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India’s Consumer Market Set To Become the World’s Third Largest by 2027, Behind the U.S. and China

RetailWire

India’s consumer market is poised to become the world’s third-largest by 2027, following the U.S. and China, as the number of middle- to high-income households surges, according to a report by BMI. Currently in fifth place, a projected 29% increase in real household spending is expected to propel India up two spots.

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HSN Launches Creator Platform to Build Direct Connections with Digital Influencers

Retail TouchPoints

The influencer marketing industry is driven by creators building rapport with today’s discerning consumers,” said Rebecca Kerper, VP and Chief Digital Officer at HSN in a statement. Within the platform HSN is able to curate collections that creators can then browse and share with their audiences.

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Gartner 2023 Predicts: Brands Must Focus On Composability, AI, and Building Consumer Trust

GetElastic

By 2027, 20% of customers who ordered from enterprise marketplaces in 2022 will retreat from them due to ethical concerns and lack of trust.” By 2027, 20% of customers who ordered from enterprise marketplaces in 2022 will retreat from them due to ethical concerns and lack of trust.” Read on for a deeper dive into these predictions.

Consumer 148
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China Offers ‘Strong Financial Support’ to Help Boost Recycling of Household Appliances

Retail TouchPoints

Seeking to increase consumer recycling of used household appliances, the Chinese government has pledged to update regulations and provide “strong financial support for large-scale equipment renewals and trade-ins of consumer goods,” according to a statement by the English-language channel of the country’s State Council.

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Levi’s Plans to ‘Accelerate Growth’ by Adding 400 New Stores, Tripling Ecommerce

Retail TouchPoints

At its June 1, 2022 Investor Day, Levi Strauss and Co executives laid out an aggressive strategy to propel the company toward revenues of $9 to $10 billion by 2027, by doubling down on DTC and diversifying beyond denim. “We The company reaffirmed its expectations for fiscal 2022, with revenues expected to reach $6.4 billion this year.

eCommerce 245