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Etsy’s Latest Turnaround Efforts: Selloff of Reverb, Seller Experience Improvements

Retail TouchPoints

The companys latest moves include selling off Reverb , a resale marketplace for musical instruments that it acquired in 2019 , and a host of updates to its seller experience. Etsy continues to make refinements to its business model as it seeks a return to growth amid increasing competition. million in 2024 from $942.1

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Survey: 87% of Consumers Doubt Influencers Use Products They Promote

Retail TouchPoints

The size of the global influencer marketing market has more than doubled since 2019, to $16.4 billion in 2022, according to Statista. Despite this rapid growth rate, there are indications of a major credibility gap when it comes to influencers’ actual effectiveness.

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Target Schedules Deal Days for Oct. 13-14, Extends Black Friday Throughout November

Retail TouchPoints

13 and 14 only — putting the promotion in direct competition with the delayed Amazon Prime Day. All Target Deal Days promotions will span both days, marking a departure from how the shopping holiday has operated in previous years, and select deals will become available starting Oct.

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The Home Depot Promotes Insider to President and COO

Retail TouchPoints

The home improvement retailer also announced additional senior leadership promotions. Jeff Kinnaird has been promoted to EVP of Merchandising, reporting to Decker. Michael Rowe has been promoted to President of The Home Depot Canada. Ann-Marie Campbell has been named EVP of U.S.

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It’s Not Easy Being (Truly) Green — But it’s Worth it

Retail TouchPoints

For example, in 2019 McDonalds replaced its plastic straws with paper as it sought to polish its sustainability credentials. While H&M seemed to be supporting green goals when it promoted its Loop recycling initiative , only a fraction of the three billion garments the vertical company produces each year are actually recyclable.

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Reports: Microsoft’s Bing Quietly Launches Marketplace in Bid to Compete with Google Shopping

Retail TouchPoints

Google also attempted to develop a more traditional third-party marketplace in 2019, but seller uptake was slow and the company quickly pivoted. The ultimate goal is now to make as many products as possible discoverable directly via Google to drive eyeballs for the company’s primary money maker — advertising.

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Samsung Australia fined $14 million over false water-resistance claims

Inside Retail

The regulator had first sued the company in July 2019. The regulator said that between March 2016 and October 2018, the company ran in-store and social media advertisements that claimed the phones could be used in pools or sea water. The claims “promoted an important selling point for these Galaxy phones.