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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 other top shopping destinations include: Department stores ( 29% ); Discount stores ( 28% ); and A tie between local small businesses and specialty stores ( 17% each).

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

Retail TouchPoints

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. billion boost in sales as many shoppers buy their significant other something special, up from $4.1

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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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Taking your small business to the high street

365 Retail

Customers are favouring newcomers that are reinventing the high street by offering a first-class online store on top of a more experiential bricks-and-mortar offering in towns and cities. . The post Taking your small business to the high street appeared first on 365 RETAIL | Retail Technology News.

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Holiday Season 2020 Will be Different. Here’s How

lateshipment

A question that is largely on the minds of retailers and consumers alike. With COVID-19 still at large, consumers will be making difficult shopping choices and retailers will be scratching their heads for a strategy that will bring them a great sale. What do retailers have in store for them? Retail’s new normal.

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Will Story help Macy’s launch an exciting new chapter?

Steve Dennis

Macy’s just launched Story concept shops in 36 stores across the United States. The new “narrative-driven retail experience” occupies about 1,500 square feet in most stores. A version of this story appeared at Forbes, where I am a retail contributor. In a press release Jeff Gennette, Macy’s, Inc.