Retail TouchPoints

JULY 3, 2024

Two brands known for their commitment to sustainability, Grove Collaborative and Blueland , are marking Plastic-Free July with new tools and a fun consumer campaign, respectively. For each image, the brand will donate $10 to Beyond Plastics.

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Retail TouchPoints

JULY 9, 2024

In March 2024, Co-op rolled out its own membership program to give consumers access to exclusive offers, discounts and events. The company aims to grow its member base from 5 million to 8 million by 2030. Our approach is centered on ease, speed and convenience from our local stores, which are well placed in the heart of communities.

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RTP blog

JULY 17, 2019

Last week, UBS analysts described Nordstrom as a “no-growth retailer,” one that hasn’t been able to fight off pricing perception and a cultural shift in consumer spending. Macy’s would have really stood out as a place where consumers knew they would see something different any time they shopped there.

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Retail TouchPoints

JUNE 7, 2022

Valued at $5 billion in 2021, the global BNPL market is projected to be worth upwards of $39 billion by 2030, according to Grand View Research. However, an increase in missed payments and skyrocketing interest rates are putting a damper on consumer and investor enthusiasm.

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Retail TouchPoints

FEBRUARY 12, 2021

Ahold Delhaize’s proprietary research found that 43% of consumers feel sustainability is “extremely important,” up from 28% of consumers pre-pandemic. Food — and how consumers shop for it — has far-reaching impact. Research shows strong support for eco-friendly product options. Healthier Choices.

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Retail TouchPoints

SEPTEMBER 13, 2024

This is arguably in no small part driven by consumers’ desire for enhanced personalization and convenience , as well as their growing digital prowess as technology becomes increasingly embedded in their daily lives. By 2030, the smart retail market will be worth $91.36 billion thanks to these aggressive investments.

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Retail TouchPoints

JUNE 20, 2024

This alone could potentially reduce production time and costs and allow for greater customization and personalization, catering to the unique needs and preferences of each consumer. With the fashion and garment industry projected to be worth up to $3.3 Smart clothing is paving the way for a more sustainable future.

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Retail TouchPoints

OCTOBER 28, 2021

And increasingly, consumers are reselling those items rather than leaving them to gather dust or putting them out on the curb — particularly as a growing number of digital resale platforms make that process easier than ever before. Shifting Consumer Sentiment Lifts Secondhand Stigma. billion items. ‘Tis the Season for Secondhand.

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Retail TouchPoints

JUNE 30, 2021

Farfetch is committed to becoming “more circular than linear” by 2030 as part of its recently launched 2030 sustainability goals, and growing Farfetch Donate in the U.S. consumers an easy and sustainable way to refresh their wardrobes,” said Thomas Berry, Director of Sustainable Business at Farfetch in a statement.

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Retail TouchPoints

AUGUST 30, 2021

stores, is part of the retailer’s goal of becoming a circular business by 2030. In a recent survey, Coresight Research found that 29% of consumers consider environmental sustainability in their shopping choices more now than prior to the pandemic. The service, which IKEA plans to eventually make available permanently at all U.S.

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Retail TouchPoints

JANUARY 17, 2024

Together, we’re getting consumers and brands alike to understand the power of resale and keep well-made items in circulation. Implementation of the DPP requirement will be rolled out in a staggered fashion from 2026 to 2030, beginning with batteries. This partnership is far bigger than The RealReal.

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Retail TouchPoints

JANUARY 10, 2024

Starbucks operates in India through a 50:50 joint venture with Tata Consumer Products called Tata Starbucks. With India projected to become the world’s third-largest economy by 2030, the country is of strategic importance to Starbucks, which hopes to expand its global store footprint to 55,000 locations over the next seven years.

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Retail TouchPoints

FEBRUARY 7, 2023

Higher-income consumers are less impacted by inflation and, while aware of higher food, home and transportation costs, still have the funds to drive luxury sales and luxury growth,” said Marie Driscoll, Managing Director, Luxury and Retail at Coresight Research in an interview with Retail TouchPoints.

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RetailWire

MARCH 4, 2021

Volvo is phasing out all vehicles that run completely or partially on fossil fuels and will only produce electric models beginning in 2030. The car manufacturer also announced that, beginning in 2030, consumers will have to go online to buy their new Volvo EVs.

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Retail TouchPoints

NOVEMBER 1, 2024

billion by 2030. Of course, every person is different, but Gai noted the feedback she has seen from consumers is largely positive so far. “It Some consumers are fine with that; they’ll very much enjoy the experience of pretending like they are engaging with someone they fawn over.” annually until it reaches $528.39

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Retail TouchPoints

MAY 16, 2022

Home Solar will join other efforts IKEA is making to become circular and climate positive by 2030. A survey by Coresight Research found that 29% of consumers consider environmental sustainability in their shopping choices more now than before the pandemic, while OfferUP found that 48% of consumers had bought an item through resale in 2020.

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Retail TouchPoints

AUGUST 11, 2022

consumers through a new partnership with ThredUP , and a six-month rental pilot in the UK with platform Rotaro. Both programs are part of the fashion label’s “ Waste Nothing and Welcome All ” initiative, which, among other targets, aims to make Tommy Hilfiger a fully circular brand by 2030. Tommy Hilfiger , owned by PVH Corp. ,

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Retail TouchPoints

MARCH 15, 2023

The initiatives include working with Wrap through its Textile 2030 agreement to establish an industrywide durability standard; commissioning independent research examining the relationship between price and consumer behavior on durability; and scaling up Primark’s free clothing repair workshops following a 12-month pilot.

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Retail TouchPoints

MAY 16, 2023

Prompted by consumer demand, retailers have been making bigger commitments to Environmental, Social and Governance (ESG) efforts, but some are facing challenges in the environmental aspect.

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Retail TouchPoints

OCTOBER 6, 2023

The adaptive clothing market is growing, with Market Reports World forecasting a compound annual growth rate (CAGR) of 5.74% through 2030. ET, features 15 styles including shirts, sweaters, jackets, pants and accessories. Kohl’s debuted an assortment of adaptive styles from Nine West last month.

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Fashion Apparel Accessories Clothing 279

Retail TouchPoints

MAY 12, 2021

The company has made a number of commitments toward these causes, including: To reach net-zero carbon across Amazon by 2040; Placing an order for 100,000 electric delivery vehicles with Rivian as well as additional electric vehicle orders with Mahindra Electric and Mercedes-Benz; Powering its operations with 100% renewable energy by 2030.

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Retail TouchPoints

APRIL 24, 2023

retail social commerce projected to reach $80 billion by 2025, according to Insider Intelligence , more consumers, especially Gen Z and millennial shoppers, are turning to creators to help with their purchase decisions. And we’ll continue to see a sizable and growing number of consumers shop in-store from creator recommendations.

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Retail TouchPoints

DECEMBER 21, 2023

Resale Continued its Rise but Came Under Financial Scrutiny Consumers’ enthusiasm for secondhand goods, as well as other forms of more sustainable consumption like rental and repair services, showed no sign of slowing in 2023. But negative press didn’t stop either app from drawing U.S.

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Retail TouchPoints

JUNE 24, 2024

The fashion sector as a whole is a major consumer of paper packaging for shipping boxes, ecommerce envelopes, paper bags, hang tags and paperboard boxes. The company’s move builds on its decade-long CanopyStyle commitment to eliminate the use of products from endangered forests in its textiles.

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Retail TouchPoints

NOVEMBER 9, 2021

As product scarcity issues continue to dominate this holiday shopping season, consumers are increasingly turning to resale to get the goods — and platform operators are taking notice. The auction-based website is now available to consumers in Arizona.

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Retail TouchPoints

AUGUST 15, 2024

billion by 2030 and an expected 3.32 As people who didn’t grow up with video games now discover them alongside younger audiences, the potential consumer base for retail brands expands significantly. These partnerships facilitate cross-promotional activities that maximise exposure and drive deep consumer engagement.

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Retail TouchPoints

MAY 16, 2024

billion by 2030. Personalization is the cornerstone for providing excellent consumer experiences in healthcare (and many other forms of retail). Patient Surveys: Retailers always want to know what their consumers are thinking, so surveys are absolutely essential. By one estimate, the U.S. billion in 2023 to $6.36

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365 Retail

MAY 2, 2024

A further 38% of consumers head in-store to ‘showroom’, checking out the product information available at the shelf-edge or in bricks-and-mortar settings before buying online, and another third (35%) rely on information available on retailers’ apps.

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365 Retail

FEBRUARY 14, 2022

ii] As EVs continue to grow exponentially ahead of the 2030 ban on new petrol and diesel vehicles, a significant proportion of the vehicle visiting Ediston’s sites will be electric in the near future. This model is a blueprint for charging infrastructure at retail parks across the country.

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Retail TouchPoints

FEBRUARY 3, 2023

Aii will use the portfolio as a data-backed tool to deploy grants from the Fashion Climate Fund , which launched in June 2022 with the goals of raising $250 million to accelerate decarbonization solutions, unlock up to $2 billion of capital and help to halve carbon emissions by 2030.

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Retail TouchPoints

APRIL 19, 2024

After all, studies show that consumers care more about the environmental impact of their purchasing decisions than ever before. In fact, some even project that the negative impact of this industry will double by 2030. One industry with a particularly negative environmental impact is the retail industry.

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Retail TouchPoints

AUGUST 3, 2022

Which is great news for consumers who are unabashed fans of buy now, pay later, also called BNPL. Buy now, pay later is appealing to consumers for its flexibility, affordability and accessibility. And there are a lot of consumers that use it: 56% of Americans have used a BNPL service, up almost 50% in just one year.

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Retail TouchPoints

JANUARY 10, 2022

billion to extend its reach both in the apparel sector and with Gen Z consumers; and Crocs : The retailer introduced Clean Out , enabled by ThredUP’s Resale-as-a-Service (RaaS) solution, which is part of Crocs’ commitment to become a net zero carbon footprint company by 2030.

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Retail TouchPoints

JULY 1, 2021

The initiative is a major step in Timberland’s goal of having a net positive impact on nature by 2030, through reuse and promotion of regenerative farming practices. Either way, the consumer and product journey goes on, and we continue to move the world forward, together.”. Starting in August 2021, ReCircled will let U.S.

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Accessories Apparel Shipping Other 264

Retail TouchPoints

JUNE 20, 2024

each year through 2030, reaching $358.07 In fact, the brand’s distinct approach to product development, which combines machine learning, consumer feedback and material innovation, was the focal point of its recent 10-day pop-up experience in New York City’s SoHo neighborhood. The global athleisure market is projected to grow 9.3%

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Retail TouchPoints

MARCH 11, 2022

The program will help the retailer meet its Target Forward goals, which include becoming the market leader for creating and curating inclusive, sustainable brands and experiences by 2030 and making 100% of its private label plastic packaging recyclable, compostable or reusable by 2025.

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Retail TouchPoints

AUGUST 23, 2024

From ‘credential stuffing’ to phishing to exploitation of vulnerabilities, cybercriminals have many options to violate consumer data privacy, disrupt store and warehousing operations and execute denial of service. An estimated 369 of those resulted in confirmed data disclosure. This eye toward efficiency extends to the endpoint.

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