Retail TouchPoints

SEPTEMBER 17, 2021

The Adobe Index — which analyzes consumer transactions across more than 100 million SKUs in 18 categories — found that consumers have spent more than $541 billion online in the first eight months of this year, from January through August 2021. However, the report indicates that consumer fears about inflation have not been inflated.

Consumer 210

Consumer Home Furnishings Apparel Markdowns 210

Inside Retail

JANUARY 17, 2023

Consumers spending on apparel rose by 6.7 per cent and home furnishings at 2.4 Despite inflationary pressures and rising living costs, retail spending increased 1.7 per cent in December, according to the Mastercard SpendingPulse report, released by the Australian Retailers Association. per cent, on groceries by 6.6

Apparel 246

Apparel Home Furnishings Consumer ATS 246

Retail TouchPoints

MARCH 17, 2022

During the pandemic, the relationship between homeowners and their homes fundamentally changed, as lockdowns, social distancing guidance and quarantine protocols left many consumers with an abundance of time to stare at their own four walls. This makes them a great target audience for brands in the home improvement space.

Home Furnishings 266

Home Furnishings Shipping Outdoor Consumer 266

Inside Retail

JULY 20, 2022

Releasing the latest monthly Mastercard SpendingPulse data this morning, that covers June, Zahra says consumer spending continued its strong trajectory, rising 11.1 per cent, on home furnishings by 6.5 We are operating in an inflationary landscape, where consumer prices are increasing, which impacts overall retail trade numbers.

Home Furnishings 279

Home Furnishings Payment Services Apparel Consumer 279

Retail TouchPoints

JULY 2, 2024

. “Investing in Fifth Avenue goes beyond just growing our footprint; it’s about changing the way we engage with consumers and playing a part in creating strong, sustainable economies and business communities,” said Peter van der Poel, Managing Director of Ingka Investments in a statement. in a statement.

Planning 265

Planning Home Furnishings Location Customer Experience 265

Inside Retail

OCTOBER 17, 2021

And, potentially the biggest winner out of the entire lockdown-related shift in consumer spending, home furnishing, also saw strong growth at 245 per cent. Luggage sales were also up 830 per cent, with many Australians preparing for a potential return to international and domestic tourism.

Home Furnishings 264

Home Furnishings Returns Consumer ATS 264

Retail TouchPoints

NOVEMBER 6, 2023

Jonathan Johnson, CEO of the home furnishings retailer formerly known as Overstock.com , which operates as Bed Bath & Beyond , will step down from his post as well as the company’s board of directors, effective immediately. Beyond, Inc.

Home Furnishings 252

Home Furnishings Finance Consumer ATS 252

Retail TouchPoints

APRIL 15, 2021

YoY; Furniture and home furnishings stores: Up 5.9% Although there have been some recent issues related to vaccines, consumer confidence remains high and an optimistic outlook for the future continues to grow. For instance, clothing and accessory store sales were up 18.3% month-over-month seasonally adjusted, and up 104.6%

Home Furnishings 281

Home Furnishings Sporting Goods Merchandise Store Accessories 281

Inside Retail

JULY 24, 2023

The changes only occur on the business’s back end, with Target and Kmart remaining separate consumer-facing brands and store staff unaffected, Bailey was quoted by the Australian Financial Review (AFR) as saying. Kmart will continue to be price-driven and Target largely centred on affordable apparel and soft home furnishings, he added. “I

Home Furnishings 246

Home Furnishings Apparel Returns Planning 246

Retail TouchPoints

DECEMBER 16, 2022

The decline occurred despite muted inflation of just 0.1% , according to the Bureau of Labor Statistics’ Consumer Price Index (CPI). decline, furniture and home furnishings stores reported a 2.6% Retail sales fell 0.6% in November 2022 compared to the previous month, though they were up 6.5% Department stores saw a 2.9%

Returns 266

Returns Home Furnishings Department Stores Customer Experience 266

Inside Retail

MAY 24, 2022

We’re still in the nascent stages in terms of home furnishing category,” Kavitha Rao, India’s chief commercial officer told Inside Retail. Food is an important part of Indian consumers’ lives,” said Kavitha Rao, India’s chief commercial officer. Once the consumers visit, they’re completely sold on to the idea of the concept.

Home Furnishings 147

Home Furnishings Consumer Marketing Accounting 147

Storis

JANUARY 22, 2024

So, buckle up, home furnishings retailers; we’re ready to accelerate. We surveyed home furnishings retailers for insights on strategies to accelerate growth. The State of the Home Furnishings Industry With abundant opportunity, let’s explore how market and consumer behavior position retailers for success.

Home Furnishings 52

Home Furnishings Payment Services Merchant Services Fulfillment 52

Retail TouchPoints

OCTOBER 15, 2020

Mitchell joins Macy’s from Boston Consulting Group (BCG), where he was a Managing Director and Partner in the Digital BCG and Consumer Practices division.

Home Furnishings 197

Home Furnishings Finance Promotions Management 197

Retail TouchPoints

DECEMBER 31, 2021

In combination with changes in worker attitudes and consumer behavior, these shifts have weakened the industry’s long-standing low-wage model. Kotlyar predicted that remote consultations with associates will expand beyond apparel into the electronics and home furnishings verticals.

Home Furnishings 283

Home Furnishings Shipping Fulfillment Consumer 283

Storis

AUGUST 31, 2020

The most common challenge vocalized by home furnishings retailers in 2019 was how to increase store traffic. The post Seamless Shopping Journeys Attract Today’s Home Furnishings Consumers appeared first on STORIS. Needless to say, I left the store completing my purchase and gained more trust in this brand.

Home Furnishings 52

Home Furnishings Consumer Shopping Customer Experience 52

Retail TouchPoints

SEPTEMBER 17, 2020

While August retail sales numbers were a bit mixed, we believe the consumer is resilient and is in good shape as we head into the holiday season,” said Matthew Shay, President and CEO of NRF. unadjusted year-over-year; Furniture and home furnishings stores : Up 2.1% The NRF’s numbers were also up 8.5%

Home Furnishings 199

Home Furnishings Sporting Goods Merchandise Store Accessories 199

Retail Wire

APRIL 10, 2023

The 15,000 jobs added by department stores in March were not enough to offset significant losses in other retail verticals, including appliances, consumer electronics, furniture and home furnishings, according to the Bureau of Labor Statistics. The retail industry lost 15,000 jobs in March.

Department Stores 130

Department Stores Home Furnishings Consumer 130

Retail TouchPoints

APRIL 20, 2023

that enables IKEA Family loyalty program members to purchase home solar solutions that can generate and store their own renewable energy. “We We are committed to continuing to grow in this market with our thousands of co-workers and millions of customers who look to Ikea for home furnishing inspiration and solutions at an affordable price.

Planning 216

Planning Home Furnishings Fulfillment Location 216

Inside Retail

OCTOBER 24, 2023

However, beauty brands and other companies in various retail sectors have been integrating AR technology into the consumer shopping experience since well before 2020. This allowed consumers to “try out” a piece of furniture and get a feel for whether or not it would work. In 2020, 83.1 million in the year prior.

Shopping 245

Shopping Home Furnishings Consumer Returns 245

Retail TouchPoints

JANUARY 24, 2023

Economic headwinds are likely to blow harder when consumers’ savings from the pandemic dwindle, which a Charles Schwab analyst believes could happen by Q3. There is built-up excess savings — estimates vary in the $1.5 to $2 trillion range — and that has been fueling consumption.

Home Furnishings 261

Home Furnishings Advertising Consumer Customer Experience 261

Retail TouchPoints

MARCH 28, 2023

Under lenient returns policies, retailers tend to be too quick to blame high returns on so-called “opportunistic renters” — consumers who buy with the intention of returning the item rather than keeping it. Devising a new returns policy, then, entails managing a series of trade-offs that vary from one business to the next.

Returns 243

Returns Home Furnishings Supply Chain Management Consumer 243

Inside Retail

AUGUST 15, 2021

For retailers already navigating wholesale shifts in consumer behaviour, this can seem an expensive and unnecessary headache, and the kneejerk reaction is to disincentivise returns to preserve profitability and reduce churn. However, this approach is short-sighted and ignores the clear message that returns are sending us.

Returns 246

Returns Home Furnishings Customer Experience Wholesale 246

Retail TouchPoints

JULY 27, 2021

That means more consumers are venturing out into the world — and going back into stores. Research from Springboard points to similar results: the company’s latest Retail Consumer Survey indicated that 56% of consumers were “very” or “completely comfortable” visiting brick-and-mortar destinations, a steady increase from the 50% figure in May.

Beauty and Health 274

Beauty and Health Consumer Shopping Home Furnishings 274

Retail Focus

APRIL 22, 2021

The store launch of sleep technology and home furnishings brand Sleep.8, 8, complemented with interior pop-ups Libby Blakey Designs and Mews Furnishings highlights our responsive shops on demand leasing strategy.

Home Furnishings 182

Home Furnishings Accessories Location Consumer 182

Inside Retail

MAY 16, 2024

The textiles, clothing, and home furnishings company saw its Finland sales rise by 8 per cent while international sales increased by 6 per cent. However, the weak general economy and low consumer confidence have impacted sales in the country in the first quarter. Marimekko Group ‘s net sales increased 7 per cent to €37.7

Home Furnishings 130

Home Furnishings Wholesale Shopping Consumer 130

Retail TouchPoints

FEBRUARY 17, 2021

The jump in consumer spending after three consecutive months of declines is largely attributed to the $600 stimulus payments shoppers received as part of the $900 billion package passed by Congress in December 2020 to counteract the economic impact of the ongoing pandemic. increase from December 2020, according to the U.S. Census Bureau.

Home Furnishings 144

Home Furnishings Returns Customer Experience Consumer 144

Retail TouchPoints

OCTOBER 1, 2024

. “We’re thrilled to collaborate with Samsung to elevate the home furnishings industry in ways that have never been done before,” said Chad Spencer, CEO of the Dufresne Spencer Group, the largest licensee of Ashley stores. “Samsung wants to remove the barrier to shopping for smart technology.

Home Furnishings 144

Home Furnishings Consumer Shopping Planning 144

Retail TouchPoints

OCTOBER 27, 2022

Our consumers sit at the intersection of the physical and digital spaces, and by creating a footprint in Roblox and bridging those worlds we are creating a uniquely ‘phygital’ experience to drive community, brand love and our business.

Home Furnishings 184

Home Furnishings Jewelry Accessories Shopping 184

Inside Retail

NOVEMBER 16, 2023

Through this rebranding, we’re breathing new life into Bed Bath & Beyond, positioning it as an asset-light, e-commerce retailer with an expanded home furnishings and furniture assortment. The second, is that Overstock continues to fall off the consumer radar and is not drawing in customers, even to browse, like it used to.

Home Furnishings 244

Home Furnishings Management Returns Consumer 244

Retail TouchPoints

JULY 2, 2020

Eric Hutchinson, Founder of Resident , talked about how the direct-to-consumer seller and distributor of mattresses used its algorithms to identify those customers most likely to be more comfortable with in-person shopping and direct them to retail partners’ stores. The company hired more than 500.

Home Furnishings 235

Home Furnishings Consumer Customer Experience Returns 235

Retail Wire

AUGUST 30, 2023

The furniture retail industry, which experienced a boom during the pandemic, is now facing a decline in sales as consumers have spent most of their pandemic savings and faced increased credit card debt. Furniture retailers like Mitchell Gold + Bob Williams, Klaussner Home Furnishings, and United Furniture Industries have closed down.

Home Furnishings 100

Home Furnishings Consumer 100

Retail Wire

AUGUST 3, 2023

The rise in prices of essential goods has led consumers to reduce spending on discretionary items, including higher-margin home furnishing goods and personalized products sold on Etsy’s platform. The company’s consolidated gross merchandise.

Home Furnishings 100

Home Furnishings Consumer 100

Retail TouchPoints

DECEMBER 6, 2021

Home furnishing brand Cloth & Company is working with 3D asset creation and management provider All3D to help even small retailers and designers overcome this challenge through the creation of virtual showrooms using 3D rendering software.

Drop-Shipping 225

Drop-Shipping Home Furnishings Shipping Management 225

Inside Retail

MARCH 10, 2022

” A wave of global consumer brands, such as Nike, Levi Strauss & Co, and home furnishings firm Ikea, have said in recent days they would halt sales and investment in Russia. The company has more than 800 stores in China, about the same as in its home market of Japan.

Home Furnishings 130

Home Furnishings Fast Fashion Fashion Marketing 130

Retail Gazette

FEBRUARY 14, 2024

for the half to 30 December to reach £123m for the home furnishings retailer as sales advanced 4.5% “Despite ongoing pressures on consumers, we are encouraged by the wide variety of new customers shopping with Dunelm, and existing shoppers also coming back more frequently.” Profit rose 4.8% The business saw a 4.2%

Home Furnishings 111

Home Furnishings Shopping Consumer Marketing 111

Retail Gazette

SEPTEMBER 9, 2024

The Cotswold Company hailed a strong start to the year as its sales growth outpaced the broader home and furniture market. Sales for the home furnishings r etailer jumped 15% to £40.1m in the six months to 25 August, up from £35m last year. We have a clear strategy to become one of the UK’s leading premium homeware brands.

Home Furnishings 114

Home Furnishings Advertising Marketing Consumer 114

Retail TouchPoints

MAY 13, 2021

Overall, online physical goods GMV grew 21% YoY in fiscal year 2021, driven primarily by the FMCG [ fast moving consumer goods ] and home furnishings categories. The company also pointed to increasing engagement among existing consumers as a growth driver. billion ) in fiscal year 2021.

Home Furnishings 169

Home Furnishings Merchant Services Supermarket Social Commerce 169