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How AI is Revolutionising the Retail Sector

Retail Focus

Retailers are using machine learning algorithms to analyse customer data and purchase history to provide tailored suggestions and recommendations. For example, when you shop online at Amazon or ASOS, you’ll notice that the recommendations are specific to your browsing and buying behaviour.

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Eddie Bauer Aims to ‘Eliminate Barriers to the Outdoors’ with New Rental Program

Retail TouchPoints

Eddie Bauer is following the lead of other top retailers and getting into the rental business with the launch of a new program that will allow customers to rent its technical apparel and gear at “a fraction of the full retail price.”. The retailer’s rental offerings can be shipped anywhere in the contiguous U.S.

Outdoor 299
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How Global Bunjang taps into the secondhand K-pop merchandise boom

Inside Retail

Inside Retail spoke with Sae Mi Lee, lead of outbound business at Global Bunjang, South Korea’s largest online second-hand marketplace, to discuss key trends in K-pop merchandise and how the platform is innovating to serve its growing global audience. In contrast, prices in the pre-loved market can change based on how rare it is.

Shipping 130
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French Contemporary Fashion Brand Brings Rental Service to U.S.

Retail TouchPoints

Customers can return the items at the end of the rental period with free shipping and dry cleaning, continue to rent for a daily fee or purchase the item at a discount. When daily rental fees add up to the retail price, the customer will own the item with no penalty. “As per share but currently trading at $18.20

Fashion 263
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How AI is Helping a Brooklyn Thrift Store Amp Up Both Sales and its Environmental Impact

Retail TouchPoints

The Big Reuse thrift shop is one of the first testing grounds for a new AI-powered tech called Thriftly that is aimed at modernizing in-store resale logistics. Why Pricing is Such a Crucial Unlock for Nonprofit Resale For years, thrift shops across the country have priced products based on a combination of staff know-how and gut feeling.

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The Reject Shop posts sales decline due to lockdowns, absenteeism

Inside Retail

In an ASX announcement, the discount retailer has announced that sales for the half were estimated at $424.7 Gross profit landed at $178.8 ” During the half, the company increased its retail prices on selected products to counter rising international shipping costs which were five times higher than pre-Covid levels.

Shopping 245
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Sustainability Update: eBay to Sell ‘Imperfect’ Apparel in UK, Adore Me Launches Sustainable Fashion Marketplace

Retail TouchPoints

Items are available at up 60% off retail prices. They may be ex-display products or feature small defects like scuffs, a loose thread or missing buttons that disqualify them from being sold at full price. Sample of an ‘Imperfects’ listing on eBay UK — Gucci bag with a scuff available for 50% off.

Fashion 278