Retail TouchPoints

JANUARY 4, 2022

As retailers have struggled to navigate changes in consumer behavior and economic uncertainty brought on by the pandemic, one area has seen continued growth: recommerce. Recommerce checks many boxes for both consumers and businesses. Consider that 223 million consumers say they have or are open to shopping secondhand products.

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Retail TouchPoints

MAY 9, 2022

The COVID-19 pandemic has undoubtedly accelerated shifts in consumer behavior and expectations, and not many have been as dramatic as the explosive rise of ecommerce. Perhaps one of the biggest pain points brands have struggled with in ecommerce over the past two years is meeting consumers’ increased demand for immediacy.

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Retail TouchPoints

JULY 3, 2023

As consumers, we’ve learned how to adjust to and enjoy new shopping formats. To avoid giving customers this unpleasant experience, retailers must connect their omnichannel touch points with cloud technology, and then continue to advance their stores to keep up with changing customer expectations. Here’s how.

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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.

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Retail TouchPoints

MAY 12, 2021

Amazon continues to stimulate investment in the development of green technologies and low carbon products and services that will enable companies of all sizes to decarbonize their operations.”. “At Amazon, we are committed to using our scale for good,” said the company in a statement announced the bond issue.

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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

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.

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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 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

JUNE 20, 2024

One of the most exciting developments in manufacturing is the emergence of smart clothing and wearable technology, which is revolutionizing traditional production methods and reshaping the way we think about garments and how they are made. Long gone are the days when clothing was merely fabric stitched together to simply cover our bodies.

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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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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.

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Retail TouchPoints

AUGUST 12, 2021

IL MAKIAGE is a tech-driven beauty brand focused on “using unparalleled technology to connect people with superior, painstakingly tested, beauty products.” In fact, this is IL MAKIAGE’s second technology acquisition in the last 24 months, demonstrating the company’s focus on building its competitive infrastructure. billion in 2019.

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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.

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Retail TouchPoints

FEBRUARY 23, 2022

In the pandemic’s wake, many retailers set up flexible fulfillment services in order to meet new safety guidelines and consumer requirements. Technology, operations, fixtures, displays and the overall flow of the store will “have to be thought of together and at the same time.

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Retail TouchPoints

MARCH 28, 2024

To overcome the challenges that congestion presents, last mile logistics companies are exploring a variety of operational innovations, many of which involve leveraging the latest advances in technology. Anar Mammadov is the CEO of Senpex Technology. These factors further extend delays, often causing drivers to miss delivery windows.

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Retail TouchPoints

JULY 23, 2024

Unbeknownst to many consumers, AI has become a powerful force steering online searches — serving up search results that, ideally, match exactly what we’re looking for. Now retailers are rushing to make the most of AI technology to deliver a better customer experience that drives sales. billion by 2030, reflecting an astounding 15.7%

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Retail TouchPoints

MAY 31, 2022

But just like those other technologies, 5G is less a specific solution and more of an enabler. Then in 2019, 5G entered the scene (in case you were wondering, 6G is predicted to arrive around 2030). “5G These new features make 5G much more attractive for businesses and enterprises than previous mobile technologies.

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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

FEBRUARY 24, 2023

from 2022 to 2030, which makes now an important time to bring in new customers and secure longtime loyalists. “Our enterprise tech stack is consumer centric,” said Scott Saeger, CIO of GNC in an interview with Retail TouchPoints. GNC’s executives realize how vital this is to their current and future business. Saeger asked. “In

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Retail TouchPoints

JANUARY 7, 2022

The threats posed by the pandemic caused many consumers to focus on foundational needs such as food, shelter and safety. But despite the initial shift toward the all-consuming COVID-19 response, brands and retailers should now recalibrate their perspectives. And, of course, toilet paper.

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Retail TouchPoints

JANUARY 24, 2023

Economic headwinds are likely to blow harder when consumers’ savings from the pandemic dwindle, which a Charles Schwab analyst believes could happen by Q3. There is built-up excess savings — estimates vary in the $1.5 to $2 trillion range — and that has been fueling consumption.

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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. The combination of individual participation backed with up-to-date security technology is the ideal strategy.

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Retail TouchPoints

NOVEMBER 15, 2021

A total of 290,000 brands and 900 million consumers participated across Alibaba’s various platforms — not bad for an event that started with 27 brands 12 years ago. is about how to best leverage Alibaba’s latest technology to support brands and merchants in driving sustainable and inclusive growth in more efficient ways.”. More than 1.3

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Retail TouchPoints

JULY 17, 2023

Connecting the world of physical objects into a smart network, IoT technology brings new business opportunities for retailers and provides data-driven insights for decision-makers. from 2023 to 2030. Example: Walmart Walmart is applying IoT technologies for effective store equipment management. Exceptional customer experience.

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BigCommerce

MARCH 13, 2018

Technology is restructuring how money moves. Since then, the same technology Apple uses for Apple Pay has become ubiquitous worldwide: EMV, a payment tokenization specification. And by 2030, those surveyed expect digital wallets to be the primary source of payments. And the wallet is its next target. Exposed numbers?.

Payment Services 420

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Retail TouchPoints

APRIL 13, 2022

This greatly expands the reach of the cryptocurrency to consumers, moving it beyond something that’s only used by tech enthusiasts or industry professionals. billion by 2030, a number that’s likely conservative as well-known retailers expand their footprint into this space. Understand and advocate cryptocurrency.

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Retail TouchPoints

MAY 4, 2022

and Europe — conscious consumers are demanding to know how retailers produced their clothes, if the materials used were recycled or organic, and if the workers were paid fair wages with good working conditions. Two-thirds of consumers say they now consider sustainability when making a purchase, making sustainability key to competitiveness.

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Retail TouchPoints

AUGUST 3, 2023

At this point, the pilot is testing whether the Rubi technology could be integrated at a larger scale in the Walmart supply chain with the effective capture of carbon emissions. and Canada. That’s a Wrap: Minimizing Packaging Offers Multiple Benefits The best sustainability efforts have multiple positive impacts.

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Retail TouchPoints

JANUARY 27, 2022

One of the best resolutions brands can make — at new year’s or any time — is to be more cognizant and responsive to shifting trends in consumer priorities. Awareness of the global climate crisis has reached critical mass, particularly among younger generations, and that has made consumers more environmentally conscious.

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Retail TouchPoints

APRIL 28, 2021

In response to major shifts in the coffee category — driven by younger consumers seeking authentic experiences — and listening to customers’ shopping preferences and convenience needs, Nespresso’s new boutique concept was developed to elevate its retail approach.

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Retail TouchPoints

JULY 10, 2020

Over the past decade, we have seen this sector move to a primarily online function and innovate to meet the needs of an ever-shifting assortment of consumers. Despite these unknowns, one thing has become apparent: Consumers are continuing to shop more and more. Shifting Consumer Behaviors. The retail industry is changing, fast.

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Retail TouchPoints

JANUARY 25, 2022

“With it will come the meta-economy, which will power new opportunities for work, wealth, status and identity, and will impact how consumers communicate, play, shop and learn.”. Not only will consumers need ways to create their virtual avatars, but they’re also going to want ways to personalize them. 1: Infrastructure.

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Retail TouchPoints

AUGUST 23, 2023

There’s no doubt the technology can bring tremendous benefits, such as allowing more customers to pay at the same time, thus reducing wait times without having to staff additional cashier stations. Additionally, 85% of Gen Z consumers use self-checkout when available, driven largely by the convenience factor.

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Retail TouchPoints

FEBRUARY 11, 2021

We’re going to skip any in-depth discussion of consumers’ ever-warming embrace of online shopping because it feels more “established than trending,” and because with limited space we want to cover what we believe are more intriguing developments for supply chain professionals. Spending Up on Reverse Logistics Technologies.

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Retail TouchPoints

NOVEMBER 6, 2023

The core of this approach is “aligning our brand with the values and expectations of today’s consumers, while expanding our reach and optimizing our operations.” As part of this process, Princess Polly committed to halving its emission intensity by 2030. “To

Fashion 263

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Retail TouchPoints

JUNE 8, 2023

is estimated to be around $2 billion and by 2030 is expected to increase to $30 billion. The market is driven by “sneakerheads” and resellers, often using bots to buy up large quantities of in-demand sneakers, leading to shortages for regular consumers. In fact, the sneaker resale market in the U.S.

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