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NRF: 52% of Shoppers Celebrating Valentine’s Day, Spending a Combined $21.8 Billion

Retail TouchPoints

billion , according to a survey by the National Retail Federation (NRF) and Prosper Insights & Analytics. The holiday may be serving as a form of release for pent-up consumers: nearly three-quarters ( 73% ) of shoppers celebrating Valentine’s Day this year feel it is important to do so given the current state of the pandemic.

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Taking your small business to the high street

365 Retail

Fresh on the back of the ‘we’re all in it together’ experience of the pandemic, small, independent businesses are being favoured by consumers. . The post Taking your small business to the high street appeared first on 365 RETAIL | Retail Technology News. Well, that’s only part of the picture. .

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Luxury Hits the Wall. What’s Going On and What’s Next?

Steve Dennis

While these are not small businesses, both companies benefit from having a more tightly defined set of wealthy target consumers, a more focused go-to-market strategy, and generally better execution against their value proposition. Prada Group also delivered out-sized results as its Miu Miu brand doubled its revenues.

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NRF: Shoppers Are Spending for Valentine’s Day and Super Bowl Despite Pandemic Pressures

Retail TouchPoints

consumers tune in to the big game. consumers plan to celebrate Valentine’s Day in 2022, up from 52% in 2021. Not all of that spending will go to product purchases at retail — 41% of survey respondents said they would “love to receive the gift of experiences,” up from 36% in 2021. Check out Retail TouchPoints ’ upcoming Feb.

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3 Things Every Retailer Can Learn from Amazon

Retail TouchPoints

This platform, with its humble beginnings selling used books, has gone on to power the careers and fortunes of countless small businesses. Amazon’s innovations also have inspired some of the most game-changing new business models in retail, adopted by Target , Walmart and Macy’s to name just a few.

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Last-Mile Delivery and Its Impact on Urban Mixed-Use Environments

Retail TouchPoints

What does the urban shift mean for the future of retail? More specifically, how does the on-demand economy change the retailer’s business model? And, what are the last-mile delivery challenges retailers face? The retail sector is at a pivotal moment in adapting to the changed market conditions and consumer preferences.

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The Future of the Mall: Why Developers are Rethinking Everything from Tenant Mix to Events and ‘Adjacencies’

Retail TouchPoints

That means more consumers are venturing out into the world — and going back into stores. In fact, analysis of Google mobility data by CoStar Advisory Services revealed that the number of visits to retail and recreation sites has nearly fully recovered to pre-pandemic levels as of early July 2021.

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