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What Recommerce can Teach Retailers About New Consumer Behaviors and Future-Proofing Sales

Retail TouchPoints

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. This trend involves brands reselling previously owned products at a discount — and it’s caught on quickly.

Consumer 322
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Beer Cartel invites consumers to buy up shares in the business

Inside Retail

Beer Cartel launched its beer subscription service back in 2009 and it now accounts for about 80 per cent of the online business, according to Kelsey. But consumers can also make one-off purchases on the site. Fortunately, the uptick in sales over Covid has continued, with May 2021 sales surpassing the same month last year.

Consumer 231
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Will “shy” consumers come out for Singles Day? Global brands weigh in

Inside Retail

The idea for Singles Day had originated at China’s Nanjing University back in 1993 and was originally called “Bachelor’s Day.” How much do consumers spend? When did the idea of Singles Day originate? trillion yuan ($157.97 billion), according to data from consultancy firm Bain. per cent rise in Cyber Week sales.

Consumer 130
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FTC Publishes Proposed Rule Banning Fake Consumer Reviews

Hunton Andrews Kurth

The FTC recently announced a Notice of Proposed Rulemaking (NPRM) aimed at curbing deceptive consumer reviews and endorsements. In its announcement , the FTC highlighted the Supreme Court’s 2021 decision in AMG Capital Mgmt., However, the AMG Capital Mgmt. As we previously reported , the FTC announced a $1.7

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High Court decision on $125m fine for Volkswagen is a shot at greenwashers

Inside Retail

The $125 million fine is the largest penalty ever imposed on a company in Australia for misleading consumers. This is a significant win for the Australian Competition and Consumer Commission in its ongoing battle against “greenwash”, by which companies make false environmental claims to mislead consumers.

ATS 130
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What Can and Should Retailers Do About Climate Change?

Retail TouchPoints

The risks of climate change took center stage during 2021, as UN scientists linked global warming directly to human activities. This is likely a reflection of heightened consumer price sensitivity in these subsegments. Discretionary purchases are increasingly subject to a higher bar of consumer decision-making.

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What Stitch Fix signals about the future of personalised subscription boxes

Inside Retail

As the world leaves that era in the rearview mirror, many businesses are facing the same dilemma on how to adapt to an ever-changing consumer landscape. After launching in 2009, it was acquired by Nordstrom for US$350 million in 2014, before shutting down in 2022. What and who is Stitch Fix?

Fashion 130