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Not all the changes have been additions— Amazon also is reportedly winding down its Today same-day delivery service for sellers that also have brick-and-mortar stores. Here’s all the recent news on Amazon’s recent services shuffle. Retailers currently using the service include Office Depot, Staples, Petco, Pacsun and GNC.
on Black Friday according to Mastercard SpendingPulse , which measures in-store and online retail sales across all payment types. Home appliances, dining and furniture (+ 17% ), general footwear and handbags (+ 13% ) and general apparel (+ 10% ) were the categories showing the highest growth rates on Black Friday in the U.S.,
A logical next step is for merchants to educate themselves about the sustainability of the brands and items they sell, particularly in the apparel space. Of course, apparel retailers themselves may be uncertain about the most effective methods to reduce their carbon footprints and those of their supply-chain partners.
According to McKinsey , ecommerce sales in apparel, department stores and beauty products have increased by nearly 10%, on average, since the onset of the pandemic. Because of this ease, merchants have begun relying on POS financing to drive sales growth. According to McKinsey, merchants face up to 2.4X
Mens apparel brand True Classic and fine jewelry brand Ring Concierge are among the first companies to take advantage of the new offering. Mall owner Simon has partnered with ecommerce platform Shopify and physical retail platform Leap to help ecommerce brands launch or expand their brick-and-mortar presence.
Roku and Shopify have partnered to let viewers purchase products from Shopify merchants directly from their TV through Roku Action Ads. Shoppers who see an ad for a Shopify Merchant can press “OK” on their Roku remote to learn more about the product and purchase it directly from their screen.
Customers will now be able to earn Stitch Fix credit for “gently worn” apparel items they give back to the brand via ThredUp ’s Resale-as-a-Service (RaaS) functionality. It’s likely that the addition of resale to its services is a way for Stitch Fix to attract new customers and retain existing ones.
Southeast Asia’s leading online fashion and lifestyle retailer offers customers a world of payment options and a seamless shopping experience. Now, consumers who shop Zalora will have the ability to pay with any of their preferred local payment solutions at online checkout as part of a seamless shopping experience.
Amazon has introduced two new Fulfillment by Amazon (FBA) programs to help merchants selling on Amazon resell customer-returned or overstocked items. Merchants can then set the price for items based on their condition and manage pricing, advertising and sales using their existing processes. by the end of 2021. UK and France.
“Her deep marketing experience, paired with her understanding of our business, will be of enormous value as we continue to build on our heritage of service to get closer to our customers.”. At DICK’s Sporting Goods, Barjesteh served as SVP of Product Development and Design.
The most notable shift between the 2019 back-to-school season and today is the strong consumer preference for technology over traditional items like apparel and even school supplies. The move from school supplies and apparel to hardware and computers wasn’t at all surprising to us,” Sides explained. “The
When it comes to embracing ethical commerce and moving corporate social responsibility (CSR) strategies forward, Amazon Web Services (AWS) research shows that retailers and CPGs identify three primary hurdles to success. This category includes discount stores, mass merchants (“big box stores”) and businesses focused on specialty hardlines.
Consumers demand grocers and mass merchants in particular provide these last-mile services, and it’s not without challenges, as over 40% of grocery consumers cite delivery and fulfillment services as key attributes while deciding where to shop in the past year. Embracing sustainable products and practices.
That, of course, is the key to Wish’s business model — by connecting international consumers directly with manufacturers (most of them Chinese, although diversifying the company’s merchant base is one of the company’s key turnaround pillars), customers can get products for dirt cheap. Doubling down on merchants outside of China.
and European merchants access to sell on its marketplace, which had previously only been open to China-based merchants. and Europe who order from merchants in their own region. Discount shopping app Temu is giving U.S. The addition of U.S. Temu and Shein aren’t just battling it out online either.
Despite modestly positive expectations for 2024, the luxury retail market did not pan out as merchants had hoped. According to a 2024 report released by global management consulting firm Bain & Company, this market dropped two per cent from an all-time high of US$387 billion to US$381 billion.
The Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment, providing a wealth of insights to help merchants refine and optimize their holiday strategies. The return to offices and social events is inspiring consumers to level up their wardrobes and focus more on apparel and footwear.
Twitter Lets Merchants Create In-App ‘Shops’. Twitter is testing a new free feature called “Shops” that allows merchants to showcase up to 50 products on their own in-app shop. The offering expands on Twitter’s existing Shop Module , which lets merchants display up to five products directly on their profile. “We
Now we’re seeing a big expansion of it, not only across merchants but also into less expensive or more ordinary type purchases. In terms of back to school, we’re seeing BNPL being used for things like books or apparel.”. “Everyone always thinks of [BNPL for] buying the Peloton.
Soumya Sriraman joins from Amazon as President of Streaming for Qurate Retail Group, and Stacy Bowe, previously of G-III Apparel Group and Macy’s , has been named Chief Merchandising Officer for QVC U.S. Sriraman was most recently Head of Prime Video Channels at Amazon. On linear TV, QVC and HSN are available in 92 million U.S.
The integration of intuitive shopping and payment experiences across digital platforms is expected to become more widespread, and most digital experiences will be considered shoppable in the future. Advertisers have been boosting their presence on this platform in product categories such as health and beauty, apparel and accessories.
We’re indifferent on where the shopping journey ends, where that transaction takes place ,” said Matt Madrigal, VP and General Manager of Merchant Shopping at Google in an interview with Retail TouchPoints. “It The result is a much lower barrier of entry for merchants looking to capitalize on Google’s massive reach.
It either becomes dreaded waste or is severely discounted, resulting both in a growing problem for the planet and a financial loss for merchants. So why aren’t merchantsprocessing these returns in efforts to recoup these massive losses? Fortunately, there are remedies to fix this broken process. In the U.S.,
Weve had such a mass consolidation of retail over the years, that I feel like were underestimating the power of great creatives, merchants and marketing talent. Which is very, very significant in industries like apparel, footwear or beauty. I identified a need and I went on to service that need. I was one of the first.
Some of the most popular gift-giving categories are those experiencing the highest levels of inflation, including electronics , toys and apparel. Even outside of the holiday season, uptake in buy now, pay later (BNPL) services is exploding in the U.S., This is causing many Americans to stress this holiday season.”.
“In most DTCs, there’s a three-tiered stool with a revenue executive (like me), the merchant team and some sort of brand or creative team — and we all work through a consolidated go-to-market calendar,” explained Simon in an interview with Retail TouchPoints. “We We align on messaging and how we’re going to communicate key stories.
It took Shopify merchants nearly 15 years to reach a cumulative GMV of $200 billion. I think a world without independent brands and independent merchants and local stores is a very boring world and a very boring landscape for commerce. And fortunately Shopify and our merchants are active participants in all those spaces.
As global apparel revenues plummeted almost 20 per cent in 2020, e-commerce has emerged as the silver lining of the fashion industry’s challenging year. New customers are a major growth engine for retailers, but many merchants view first-time online shoppers as high-risk due to their unfamiliar behaviour and lack of purchase history.
Having formerly only served the largest apparel retailers and brands in the world, True Fit has democratised its Fashion Genome to bring the benefit of AI size and fit to the full market. It is now seeing a 108% MoM growth rate in adoption by Shopify brands and is on trajectory to implement the solution within 2,000+ merchants in 2024.
However, unchecked abuse of returns policies can put a merchant out of business: 54% of the merchants surveyed in a study conducted on behalf of Forter indicated that they lost more than $5 million in revenue each year due to returns abuse. Processing legitimate returns can negatively impact a retailer’s bottom line.
The solution — which lets suppliers apply Walmart Luminate insights to inform and optimize their display advertising campaigns through the Walmart Connect retail media offering — launched in beta in April and promises to be a boon for both of these tertiary Walmart services. What data allows you to do is, in tough times, make the right moves.”
A few other interesting tidbits from the ESW consumer study: Apparel is the top category for cross-border ecommerce across all age groups. Flexible payment options are gaining in popularity. Last year, 50% of digital buyers in the UK, 22.8 million people, made cross-border purchases online. That number is expected to decrease 7.3%
The retailer is utilizing First Insight’s digital product testing solution and the Optitex 3D computer-aided design (CAD) software to improve its understanding of the customer, increase speed to market, support digital workflows, create sustainable sampling processes and reduce waste.
this year alone, representing approximately 21% of the total women’s apparel market. The business case is clear, but the looming question for apparel brands and retailers is: How do we make inclusivity a tangible — and profitable — business strategy? If you look at this process, there’s a lack of relatability,” Orschell noted.
In March 2024, the International Council of Shopping Centers reported that consumers returned 22% of products they bought online from apparel retailers. From the merchant side, collecting that level of personal information opens the door to data governance issues. Which brings in another challenge of the ecommerce world, returns.
Shopback’s decision to terminate its buy now pay later (BNPL) service in Malaysia and Singapore has sparked discussions and raised pertinent questions about the future of digital payment solutions in the region. For merchants, it means increasing basket sizes, which makes it a win-win situation for all involved,” he opined.
Over 200 merchants or e-commerce brands use ShipBob in Australia, and there is an equal split between local brands eyeing abroad and foreign companies expanding into Down Under. It’s very important to create powerful partnerships in the market to make the whole process a lot easier.”
This is not limited to the traditional retail verticals (apparel, mass market, beauty, furniture, consumer electronics, home improvement, etc.), Food and grocery delivery apps are a perfect fit, with strong user bases that engage in search and discovery and thousands of merchants looking to grow their businesses.
Zilingo works with thousands of apparel factories and merchants in South Asia and Southeast Asia, connecting them to retailers worldwide and was valued at nearly $1 billion in its last funding round in 2019, according to sources familiar with the situation. It provides logistics, financing and other services to factories and merchants.
According to a report from Shopify, merchants see a 250% increase in conversions when using 3D product image models instead of 2D images. The company completely overhauled its mobile app to offer better services, such as an active events calendar, retailer information and a real-time map with parking guidance. Want more proof?
Shopify lists 5 ways Shopify POS helps merchants grow and scale their business with ease as well as how they can utilize it to streamlined business processes.
Retailers, particularly those in the apparel, footwear and soft goods verticals, have an opportunity to turn the lemons from COVID-19 into lemonade, according to Keith Jelinek and Richard Maicki, Managing Directors in the Performance Improvement Practice of Berkeley Research Group (BRG).
These models can be optimized for multiple objectives like driving more revenue per order, increasing long-term satisfaction, compelling the user to return more often to the website, incentivizing the customer to sign up for subscriptions or premium services and more. Chatbots for customer service. Fraud detection.
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