Retail TouchPoints

SEPTEMBER 30, 2024

From preventing foodborne illness outbreaks to revealing specific calorie counts, labels have evolved to meet the needs of consumers, providing the context and critical information to impact daily decision-making. It also shows up in a business’ bottom line, given that eco-conscious consumers are willing to pay 9.7%

Consumer 277

Consumer Accounting Marketing Customer Experience 277

Inside Retail

SEPTEMBER 2, 2024

In 2008, the British company brought its innovation team in-house to remain at the forefront of the highly competitive industry. To ensure full control from concept to the finished product, our own research and development laboratory in Cambridge, England, was established in 2008.

Consumer 278

Consumer Planning Management Fashion 278

Inside Retail

JANUARY 24, 2024

The pricing practices of Australia’s supermarket near-duopoly are about to the the focus of a year-long enquiry by the government’s competition regulator, the Australian Competition and Consumer Commission (ACCC). The ACCC will examine competition in the supermarket sector and how it has evolved since the previous inquiry in 2008.

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Supermarket Checkout Wholesale Consumer 243

Retail TouchPoints

OCTOBER 27, 2024

They’ve been shaped/scarred by not one but two global economic traumas — the Great Recession of 2008-2009 and the COVID pandemic — and they’ve grown up with social media playing an increasingly large (and loud) role in shaping culture, including how these consumers shop, research and purchase products and services.

Payment Services 321

Payment Services Consumer Jewelry Marketing 321

Inside Retail

APRIL 2, 2024

Suiting was once reserved for men’s formal attire and workwear but now the fashion industry is following consumer trends and doubling down on business casual. This corporate aesthetic that is bleeding into consumers’ everyday wear signals more than just a style fad.

Fashion 240

Fashion Consumer Accounting Shopping 240

Inside Retail

AUGUST 3, 2023

The last time there were three consecutive quarters of declining retail volume sales was in 2008 – at the time of the Global Financial Crisis. ARA CEO Paul Zahra said the decline demonstrates a continued slowdown in consumer spending – and adds to the pressure retailers are already under as the cost of doing business skyrockets.

Department Stores 246

Department Stores Apparel Promotions Consumer 246

Retail TouchPoints

SEPTEMBER 25, 2020

We don’t have a COVID-19 crystal ball to see how this uncertainty will pan out, but we can see that consumer spending is shifting amid the pandemic. Disposable income and the savings rates for consumers — despite the nearly Great-Depression-level unemployment numbers — are at multi-year highs. Consumers may do one of three things: 1.

Consumer 127

Consumer Payment Services Promotions Management 127

Retail TouchPoints

SEPTEMBER 5, 2023

Established in Nanjing, China in 2008, and now headquartered in Singapore, Shein has grown rapidly to become the world’s largest fashion retailer with an estimated value of $64 billion ,” reads the letter. Goods manufactured in that area of China are not entitled to entry into the U.S. under the 2021 Uyghur Forced Labor Prevention Act.

Fashion 278

Fashion Marketing Consumer Planning 278

Retail TouchPoints

AUGUST 3, 2022

Bureau of Labor Statistics Consumer Price Index (CPI), which is the highest rate in nearly 41 years. High inflation is weighing on shoppers’ budgets, with 62% expecting their living costs to increase even further over the next six months, according to data from Ernst & Young’s (EY) Future Consumer Index. Inflation reached 9.1%

Target Market 311

Target Market Marketing Fashion Customer Experience 311

Inside Retail

AUGUST 2, 2023

Established in 2008 by Lucy Fenton, the brand sold homewares, furniture and artwork through its physical store in Prahran, Melbourne and online. According to 7News , several consumers have expressed concern regarding their orders since the company entered liquidation. It ships across both Australia and New Zealand.

Shipping 130

Shipping Consumer 130

Retail TouchPoints

MARCH 15, 2022

for 2021 — the highest annual rate since 2008’s 3.8%. A retailer may have loyal customers who love what you’re selling, and if you indicate to them what your cost structure is and how it’s gone up, it may help consumers understand that they’re not being taken advantage of,” said Kannan. “A

Consumer 276

Consumer Promotions Marketing Customer Experience 276

Inside Retail

AUGUST 16, 2021

As the quality of living and workers’ wages reached new heights, Western brands spotted a golden opportunity and raced to set up shop in the East to reach China’s 1 billion consumers (and counting). Founded in 2012, lingerie label Neiwai (meaning ‘inside and outside’) is another direct-to-consumer label that began online.

Consumer 130

Consumer Beauty and Health Fashion Accounting 130

Inside Retail

APRIL 16, 2024

Culture Kings is an Australian retail phenomenon, what started as a Carrara market stall in 2008 evolved into an international retailer being listed on the stock exchange with a $600 million valuation. Create the brand, the emotion, the resonance, break [consumers] patterns so they remember you,” concluded Beard.

Advertising 243

Advertising Consumer Marketing Fashion 243

Retail Focus

NOVEMBER 14, 2024

Consumer demand for Sephora is strong in Liverpool, and securing best-in-class retailers and experiences for the city is precisely what we aim to achieve at the destination, so the entrance of this beauty powerhouse is a natural partnership. It is globally celebrated, has a huge base of loyal fans, and delivers a bold, compelling concept.

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Location Shopping Planning Management 130

Retail TouchPoints

JANUARY 23, 2024

In fact, Stephen Sadove, former CEO and Chairman of Saks Fifth Avenue , indicated that “this is one of the most interesting times [for the industry] since the [2008] recession,” where “we came out and saw this massive disruption in the environment,” he said in a press briefing during the Big Show. “It The top five themes include: 1.

ATS 285

ATS Customer Retention Consumer Finance 285

Retail TouchPoints

AUGUST 11, 2023

He joined the company in 2008 and has held leadership positions across different divisions. Hufnagel has an established career in retail, holding roles at brands like Under Armour , Gap and Abercombie & Fitch as well as deep roots within the Wolverine Worldwide business specifically.

Wholesale 246

Wholesale ATS Consumer 246

Inside Retail

MARCH 26, 2024

The retailer also expects to benefit from the trend of electric bikes, and it has two national expos this year to showcase the company’s fleet to consumers. A year later, Turner founded the Pedal Group, as a joint venture between the Turner family and Flight Centre in 2008.

Returns 130

Returns Planning Specialty Retailers Customer Experience 130

Retail TouchPoints

JULY 12, 2022

Vasos joined Dollar General in 2008 as the company’s EVP, Division President and CMO. Other major strategic developments during Vasos’ tenure included a launch into the self-distribution of frozen and refrigerated goods with DG Fresh and the of the pOpshelf retail concept targeted to a more upscale consumer.

Promotions 288

Promotions Store Operations Planning Management 288

Inside Retail

DECEMBER 11, 2023

After initially launching here in 2000, it withdrew from the market in 2008, before relaunching that same year under the ownership of the Withers Group. Starbucks Australia confirmed a new way to consume take-away coffee will be created and introduced for Australians in 2024.

Consumer 260

Consumer Marketing Accounting Social Commerce 260

Retail TouchPoints

JULY 21, 2021

Consumer shopping habits have shifted irreversibly towards ecommerce in the past two years. In the face of this product scarcity, the retailers that could fulfill consumer needs quickly were immediately rewarded. For many, every day has become a holiday as new packages arrive from their favorite online retailers.

Sporting Goods 279

Sporting Goods Apparel Consumer Finance 279

Retail TouchPoints

AUGUST 21, 2023

As high inflation continues to pose a challenge for the American consumer, research shows that two-thirds of Americans plan to still spend the same or more on retail purchases in 2023. However, it’s no surprise that many of those consumers plan to prioritize shopping for bargains in-store.

Payment Services 242

Payment Services Consumer Promotions Planning 242

Inside Retail

OCTOBER 24, 2023

However, beauty brands and other companies in various retail sectors have been integrating AR technology into the consumer shopping experience since well before 2020. The first commercial use of AR is believed to have occurred in 2008. Developed by German agencies in Munich, it involved a print ad featuring an AR model of a BMW Mini.

Shopping 245

Shopping Home Furnishings Consumer Returns 245

Retail Wire

JUNE 2, 2022

“We expect Inditex’s sales outperformance to widen in a downturn, as it did in the financial crisis of 2008 and 2009,” said RBC analyst Richard Chamberlain. “Consumers that have been stuck at home for two years are looking to replenish their wardrobes.”

Fast Fashion 100

Fast Fashion Fashion Consumer Marketing 100

Inside Retail

OCTOBER 2, 2024

“The economic reasons behind the losses are elevated interest rates and weak consumer and business confidence in Hong Kong, which has affected rental income and property valuation,” Gary Ng, senior economist at Natixis, told Inside Retail. “It The youngest son, Christopher Cheng, was appointed as co-CEO of Chow Tai Fook Enterprises.

Shopping 244

Shopping Brand Management Promotions Returns 244

Retail Wire

JUNE 1, 2021

Teenagers are picking up jobs and, in many cases, higher wages as employers staff up to meet the demand caused by the return of regular pre-pandemic activities among consumers. The percentage of teens between 16- and 19-years-old is at its highest level since 2008.

Returns 100

Returns Consumer ATS 100

Retail TouchPoints

OCTOBER 31, 2023

While the NRF has yet to release its total sales projections for the season, its early consumer research reveals that consumers plan to spend an average of $875 this holiday season, in line with the five-year average — and most of that money will be spent online. Provide flexible scheduling.

Employee Engagement 279

Employee Engagement Store Operations Consumer Management 279

Inside Retail

AUGUST 6, 2023

This collapse follows the demise of Australian furniture brand Brosa late last year – which cited declining sales and cash flow pressures – as well as heightened challenges faced by small-to-medium sized retailers that are struggling to cope with rising costs, and a slowdown in foot traffic and consumer activity. The jury is out.”

Boutique 243

Boutique Department Stores Consumer Fulfillment 243

Retail TouchPoints

AUGUST 25, 2021

The term rose to the surface last year as 2020’s unique confluence of events drove consumers toward shopping alternatives that were both environmentally friendly and economically feasible. The consumer is changing, the way that they purchase is going to change,” he said. “We In the retailX keynote session on Wednesday, Aug.

Consumer 306

Consumer Fast Fashion Finance Shopping 306

Inside Retail

MARCH 19, 2024

The amount of natural resources consumed and waste produced is snowballing. And let’s not forget the power of consumers. Most ultra-fast fashion brands emerged in the late 2010s following the most well known, Shein, founded in 2008. We’re on a downward spiral, from fast fashion to ultra-fast fashion. Cheap clothing at what cost?

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Fast Fashion Fashion Accounting Consumer 246

Retail Gazette

JANUARY 8, 2024

compared to 2022 – retail’s worst year for store closures since 2008 – while the number of redundancies in 2023 fell by 21.3%. The figures showed a total of 119,405 retail jobs were lost and 10,494 stores shuttered during the period. Store closures were down 38.8%

Consumer 121

Consumer Shopping 121

Inside Retail

JULY 24, 2024

The rebranding initiative, which was the first since 2008, includes a new logo and tagline, encouraging consumers to “Own ‘your’ Days”. Earlier this year, the brand offered a US$20 price reduction of more than 200 spectacle designs in Singapore to alleviate inflation stress for consumers.

Location 147

Location Consumer ATS Marketing 147

Inside Retail

SEPTEMBER 30, 2024

When Decjuba was born in 2008, it was with a mission to make effortless fashion accessible. Today, the post-purchase experience has the second most significant impact on which brands consumers shop, trailing only product price, according to Shippit’s research. As it grew, it was essential to never lose sight of its mission.

Fashion 130

Fashion Shipping Fulfillment Point of Sale 130

Retail TouchPoints

FEBRUARY 9, 2021

Buy now, pay later options are becoming increasingly popular as consumers demand more flexible payment options. After the 2008 financial crisis, we observed a generational shift away from credit and toward debit,” said Alex Fisher, VP of Retail at Afterpay in the latest Retail Touchpoints Retail Remix podcast.

Merchant Services 147

Merchant Services Checkout Finance Consumer 147

Retail TouchPoints

NOVEMBER 23, 2020

of its sales through the direct-to-consumer channel during the latest quarter. Like the rest of the industry we have seen a structural shift in the shopping behavior of the consumer — a change that has been further accelerated by the global health crisis,” said Diane Sullivan, CEO, President and Chairman of Caleres in a statement.

Apparel 194

Apparel Planning Consumer Shopping 194

Retail Focus

AUGUST 4, 2023

This represents the lowest point since Q3 2020 when the UK was in the midst of tiered lockdown restrictions and about to enter Lockdown 2, and -23 points lower than Q3 2008, at the start of the Financial Crisis and the beginning of the Credit Crunch. percentage points quarter-on-quarter.

Consumer 130

Consumer Management ATS Marketing 130

Retail TouchPoints

APRIL 22, 2024

In fact, 51% of consumers said they would be willing to pay more for products shipped through sustainable methods, up significantly from just 15% of consumers in December 2023, according to a new survey from Radial. Here is what a number of companies are doing this Earth Day and beyond to meet the demands of consumers and the planet.

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Shipping Fashion Consumer Returns 263

Retail TouchPoints

APRIL 16, 2021

Amidst ongoing industry disruption and evolving consumer trends, we are uniquely positioned to build on our momentum and accelerate growth and profitability.”. From 2008 to 2013, Day served as the CEO of lululemon, and prior to that she spent more than 20 years at Starbucks in a variety of leadership positions.

Finance 179

Finance Wholesale Apparel Fashion 179