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Why Stitch Fix is Focusing on its Human Stylists When Everyone Else is Talking About AI

Retail TouchPoints

While Stitch Fixs human-centered approach to AI hasnt changed since it was founded in 2011, the world around the company has changed dramatically. In mid-2024, under the leadership of new CEO Matt Baer, Stitch Fix launched a sweeping transformation strategy aimed at regaining its former standing as consumers go-to for personalized fashion.

Returns 279
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Beer Cartel invites consumers to buy up shares in the business

Inside Retail

There are also plans to introduce investor perks such as free shipping and discounted pricing on beer. But consumers can also make one-off purchases on the site. Each week, 20-30 new beers come online, ensuring plenty of choice for curious consumers. “We’ve The website itself is such a big channel for us.

Consumer 231
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Is it Time for RFID to Shine?

Retail TouchPoints

In 2021, the average cost of an RFID tag was four cents , down 80% from 2011, according to McKinsey. We have to ship the correct units, so if I haven’t implemented RFID in a location, figuring out what is going out so I can correctly invoice my customers and doing cycle counts in the warehouses is a big, tedious thing.

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Revolve SVP’s playbook for going global and the importance of localisation

Inside Retail

KL: In 2011, Revolve expanded internationally, with Australia being a top 10 market for the brand. In 2008 and 2009 we had a lot of customers from around the world knocking on our door wanting to purchase from us, however, we didn’t ship to [every] country. This is because of the similarities in language and consumer behaviours.

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Stitch Fix Moves Beyond Subscriptions with Hyper-Personalized Direct Shopping Experience

Retail TouchPoints

While the company made its name with what was at the time (back in 2011) an innovative subscription service model — clients receive regularly scheduled boxes, a.k.a. Shipping, returns and exchanges are also free , with no minimum order requirement. Because the experience — which is available now for U.S.

Shopping 254
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Resilience Training: Small Business Innovation During a Recession

Retail TouchPoints

For example, if a lifestyle boutique is selling prepackaged beauty goods, it can expand into selling by-the-pump bulk soaps and lotions and refillable bottles to consumers looking for no-waste refills. Find New Ways to Serve Your Niche and Your Most Loyal Customers. Narrowing your focus has the added benefit of efficiency and sustainability.

Shipping 279
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Making the Most of Store Visits Post-Pandemic

Retail TouchPoints

The pandemic challenged any retailer that “over-expanded” its physical footprint in previous years to right the ship and ensure its remaining stores were properly tailored to the target market. consumers have changed stores, brands or the way they shop. For example, McKinsey found that 73% of U.S.