Retail TouchPoints

DECEMBER 27, 2024

Theyll reach $12 trillion by 2030. Retailers have to start understanding Gen Z. Theyre in their late teens to mid-20s and have far more purchasing power than we give them credit for. Theyve grown up with devices in hand, and social media is their base of operations.

Social Media 278

Social Media Retail Shipping Costs Mobile 278

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.

Payment Services 329

Payment Services Consumer Marketing eCommerce 329

Retail TouchPoints

SEPTEMBER 17, 2021

British online fashion and beauty retailer ASOS has laid out a comprehensive plan to achieve a detailed set of Environmental, Social and Governance (ESG) goals by 2030, including becoming net zero across its full value chain. and Germany. and Germany. department chain Nordstrom to drive global growth of the brands.

Fashion 255

Fashion Supplies Online Retail Consumer 255

Retail TouchPoints

MAY 3, 2021

This means taking into consideration not just holdover concerns from the pandemic, but what these consumers will demand in the future, according to Barnes & Noble College ’s (BNC) College 2030 report. College students, like all younger consumers, tend to be early adopters of new technology.

Retail 179

Retail Technology Presentation Events 179

Retail TouchPoints

JULY 3, 2023

As consumers, we’ve learned how to adjust to and enjoy new shopping formats. Fortune 500 companies could generate up to $3 trillion of EBITDA value by 2030. Many of us have become experts at navigating an ecommerce site in seconds, and some of us may even pay for groceries via mobile apps on our smartphones.

Consumer 275

Consumer Omnichannel Retail Technology 275

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.

Supplies 252

Supplies Operations Consumer Technology 252

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.

Supplies 279

Supplies Gifts Retail Toys 279

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.

Consumer 264

Consumer Management Customer Marketing 264

Retail TouchPoints

SEPTEMBER 20, 2023

Consumers wishing to upcycle their watches will receive a prepaid shipping label, and the brand will inspect, clean and refurbish used watches with a working battery to prepare them for resale. Additionally, Timex is working toward net-zero greenhouse gas emissions by 2050, beginning with a 50% cut by 2030.

Shipping Labels 264

Shipping Labels Shipping Consumer Customer Experience 264

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.

Clothing 249

Clothing Accessories Apparel Shipping 249

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.

Supplies 323

Supplies Accessories Sporting Goods Shipping Costs 323

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.

Technology 286

Technology Order Fulfillment Fulfillment Operations 286

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.

Technology 264

Technology Presentation Operations Consumer 264

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.

Department Stores 150

Department Stores eCommerce Specialty Retailers Social Media 150

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.

Customer 264

Customer Consumer Retail Customer Experience 264

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.

Payments 290

Payments Omnichannel Payment Services Consumer 290

Retail TouchPoints

NOVEMBER 27, 2020

The current shift towards online shopping is what we would have expected to see in 2030, meaning that the pandemic has accelerated the rise of ecommerce by a decade. In fact, I predict that Black Friday this year will look a lot more like what we expect it will look like in 2030, and that’s not a change that will revert back next year.

Electronics 317

Electronics Consumer eCommerce SEO 317

Retail TouchPoints

JUNE 21, 2024

Walmart has been working on a number of different ways to improve sustainability, from the supply chain to its stores, including: In July 2023 Walmart and PepsiCo invested $120 million to support regenerative agriculture practices on more than 2 million acres of farmland in the U.S.

Supplies 262

Supplies Improvements Apparel Consumer Goods 262

Retail TouchPoints

MAY 3, 2021

In early April 2021, carbon dioxide levels reached a record high of 420 parts per million , according to CO2 Earth , and scientists warn that emissions need to be cut in half by 2030 to avoid the worst aspects of climate change.

Shipping 342

Shipping Customer Blog eCommerce 342

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. ,

Shipping Labels 263

Shipping Labels Fashion Shipping Consumer 263

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.

Consumer 245

Consumer Customer Other Marketing 245

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.

Shipping Labels 289

Shipping Labels Shipping Costs Shipping Apparel 289

Retail TouchPoints

JUNE 24, 2022

Focus and blame generally turn to the manufacturing, production and distribution parts of the chain, but other aspects are not usually at the forefront of the mind, especially when it comes to the consumer standpoint. In recent decades, fast fashion became incredibly popular due to its cost efficiency, both for manufacturers and consumers.

Fashion 336

Fashion Shipping Costs Supplies Apparel 336

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.

Accessories 264

Accessories Apparel Shipping Other 264

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.

Consumer 277

Consumer Retail Marketing Operations 277

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.

Social Media 289

Social Media Electronics Accessories Recommendation 289

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.

Workshop 261

Workshop Clothing Fashion Channel 261

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.

Payment Services 277

Payment Services PayPal Electronics Games 277

Retail TouchPoints

JULY 28, 2023

Using $120 million of investments, the seven -year collaboration aims to cut 4 million metric tons of greenhouse gas emissions by 2030, roughly equivalent to the electricity needed to power nearly 800,000 homes for one year. and Canada.

Supplies 246

Supplies Operations Consumer Retail 246

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.

Clothing 257

Clothing Apparel Fashion Technology 257

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.

Payments 287

Payments Payment Services Retail Omnichannel 287

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.

Fashion 264

Fashion Technology Information Consumer 264

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.

Fashion 279

Fashion Apparel Accessories Clothing 279

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.

Apparel 277

Apparel Fashion Improvements Other 277

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.

Sporting Goods 306

Sporting Goods Operations Apparel Consumer 306

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.

Operations 262

Operations Consumer Marketing Customer 262

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.

Other 258

Other Consumer Retail Marketing 258