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True Fit , the leading AI-driven solution that decodes size and fit for shoppers and fashion retailers, has announced its certification as a Shopify Plus Certified App Partner, helping fashion retailers selling on Shopify leverage AI-size and -fit recommendations to power conversions, improve customer lifetime value (CLV) and reduce returns.
Shopify has launched a new platform called Shopify Collabs that makes it easier for creators to find and partner with Shopify merchants looking for marketing support. The Collabs marketplace will streamline the process for both merchants and creators to find mutually beneficial partnerships that align with their brands and audiences.
That inherent distaste for the transaction phase is one reason payment companies are so eager to expand into other parts of the shopper journey. taking place online, digital payment solutions like Venmo and PayPal (which has owned Venmo since 2013) are well positioned to capitalize on the opportunity.
Flexible payment provider Affirm is expanding its range of services to include the post-purchase experience with the acquisition of online returns solution Returnly for approximately $300 million. Retailers such as Walmart , Bonobos and Peloton currently use Affirm to offer customers flexible payment options such as Buy Now, Pay Later.
Melbourne-based e-commerce platform Airrobe launched three years ago with the mission to bring the circular economy into mainstream fashion. We power that marketplace and we unlock supply by bringing the merchant and the consumer together in this primary retail space. They’re ultimately adding to this glut of fashion.
“The Style Forecast is an embodiment of the art and science to our approach , fueled by billions of data points that we gather across our experiences and through millions of our clients that we engage with,” said Loretta Choy, Chief Merchandising and Client Services Officer for Stitch Fix during a recent Retail Remix interview.
The Australian arm of fast-fashion brand H&M is launching an initiative today to help vaccinate children against preventable diseases by partnering with UNICEF. The partnership relies on the launch of Adyen’s ‘Giving’ platform, which allows merchants to accept charitable donations during an online checkout process.
Described as a “constantly learning fashion marketplace,” the platform combines AI and human curation to present each shopper with a personalized selection of fashions from more than 2,000 participating brands. Brandon Holley, Chief Fashion Officer, Shoptrue That push and pull is evident in the platform they are building.
Additionally, Reshop has partnered with the Narvar post-purchase platform and can be integrated into existing return operations platforms of the 1,400 Narvar merchants. “We For merchants, Reshop can help transform what has historically been a loss into an opportunity to recapture customers and drive additional revenue.”
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. E-commerce fashion sales are expected to grow almost 39 per cent between 2020 and 2023. Online shoppers want variety – and they want it for everything, including their payment options.
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.
True Fit , the AI-driven platform that decodes size and fit for shoppers and fashion retailers, has announced that, following its launch in Shopify at the end of 2023, it is now driving a 14% average GMV growth for fashion brands on the platform, giving rise to the next generation of scaling fashion retailers.
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 industry’s latest move: accepting cryptocurrency as a form of payment. In August 2021, German streetwear brand Philipp Plein became the first fashion brand to accept cryptocurrency at its new crypto concept store in London. Since the beginning of this year, a number of brands have begun to process crypto payments in-store.
Cybersecurity company Kasada recently revealed that cybercriminals have compromised more than 15,000 customer accounts of Mexican fast food chain Guzman y Gomez, liquor retailer Dan Murphy’s, streaming service Binge, home shopping network TVSN and Event Cinemas since November.
strikes Gen Z as cumbersome, slow and old-fashioned. They want shopping to be fast and fun — less of a process. That’s why Synchrony partnered with payments startup Skipify, which enables purchases instantly across email, text, social and other channels. And they represent a market segment that retailers can’t ignore.
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.
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.
As retailers look to source more ethical, natural, and eco-friendly products, Ollee has launched Australia’s first local and ethical B2B marketplace to help merchants connect with purpose-driven brands. The post Australian B2B marketplace Ollee connects merchants with ethical brands appeared first on Inside Retail.
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., In the U.S.,
To do so effectively, however, retailers need to optimise their payments ecosystems now to put in place the right framework for expansion in the future. Consumers also became more open to experimenting with new payment methods, with many consumers saying they tried out a BNPL service last year. Creating backend efficiencies.
Now, at BigCommerce, she helps merchants grow via integrations to channels such as Google, Facebook, Amazon, eBay and Walmart , a task she says is “like walking among giants.”. Gee: Omnichannel for me means a merchant can sell anywhere their shoppers are and fulfill anywhere they place that order.
As a one-stop destination for everyday needs, Walgreens services millions of people every day,” said Ryan Vero, CEO at Claire’s in a statement. Claire’s has focused on partnering with complementary retailers and big-box merchants in order to boost its market presence.
The company says Quin helps shoppers make better and faster decisions throughout their online or in-store journeys — fulfilling any sophisticated shopping request — ranging from finding available product assortments or recipes that match a whole suite of health- or budget-related constraints — to general health and customer service.
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.
Customer who sell their luxury products to Fashionphile have the option of receiving payment in the form of a Neiman Marcus gift card and receive a 10% discount on the gift card value. Now, NMG has acquired a minority stake in Fashionphile and plans to open Fashionphile Selling Studios in an additional nine stores over the next nine months.
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.
The innovative fashion store looks and feels like any other. Personalised service. Amazon Style has cleverly integrated its personalised shopping service into bricks-and-mortar. A PwC report states that nearly 80 per cent of American consumers value speed, convenience, knowledgeable help, and friendly service when shopping.
We speak with Yoox Net-a-Porter’s APAC general manager Natalie Lee about the resilience of luxury spending amidst an economic downturn, the importance of localisation, personalisation and incredible customer service, and how the company is using technology to improve the way it operates.
Pinterest is the place to go if you need inspiration for décor, cooking, home improvement projects, summer fashion…the list goes on. In general, Pinners spend 2X more than people on other platforms, so whether they are coming to look for new furniture or fashion or dinnerware, we see a lot of purchase intent.
But at the same time merchants’ margins are being squeezed, making intelligent pricing and promotions strategies even more critical for success. You have marketing, creative and the brand vendors who are sometimes the ones initiating the promotions, so it’s a more complex process that is starting to get streamlined by technology.”
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. Customer service, digital experience, personalization and other factors drive that emotional loyalty.”.
While the ability to search and compare products online can create an excitement akin to playing a sport, it can’t compete when it comes to giving the ability to pick items up, feel the quality and, of the utmost importance in fashion retail, try things on. Not only do you return the item, but you vow not to shop at that merchant again.
Technological innovations have optimized and enhanced almost all areas of the retail organization, from marketing to fulfillment, but the process of bringing products to market has been markedly slower to advance. But these legacy processes don’t work as well as they once did, and COVID made that fact hard to ignore. “A
The Federal Government’s Australian Postal Corporation Act of 1989 mandates a network servicing the nation, meaning that the Post store count is largely fixed. Fixes here include breaking up the ‘great wall’ POS counter into a series of service stations, each of which is prioritised according to specific service needs.
What were your biggest goals going into writing the book, and how did your approach evolve as you embarked on the writing process? Del Rey: The Marc Lore era at Walmart, if nothing else, brought a new sense of urgency to Walmart when it comes to new online features and services, and the incubation of new business ideas. 8 division ?
In total, the collective will include nine furniture, art, gift and fashion retailers, two restaurant experiences, a classroom and event space, and a bar. After a difficult year and rightful pause on retail, we’re so excited to bring Free Market to Runway,” said Raan Parton, Co-founder of Free Market in a statement.
But it’s still true that only a small fraction of the fashion retail market has put tactical plans into place to support this significant consumer base. That means brands and retailers need to tackle some of the innate legacy issues that have hindered inclusivity in fashion. billion in the U.S.
As they say in fashion, everything old becomes new again. Without an efficient process in place, a retailer may unintentionally offer undesirable items. And process mining , which applies data insights to discover, validate and improve operations, can help them identify areas where every process needs to be more cost-efficient.
To relaunch the brand, the fifth-floor, 54,000-square-foot Barneys at Saks department is designed for discovery, featuring curated, fashion-forward collections from a roster of emerging and established designers as well as rotating pop-up shopping experiences. The In-Store Department Designed for Discovery.
For most retailers selling online, returns generate their greatest customer service challenges and inevitably drain profitability. Merchants need to anticipate their customers’ expectations – offering options for pickup, drop off, boxless labeless returns – and identify ways to consolidate and reduce costs.”
For most retailers selling online, returns generate their greatest customer service challenges and inevitably drain profitability. Merchants need to anticipate their customers’ expectations – offering options for pickup, drop off, boxless labeless returns – and identify ways to consolidate and reduce costs.”
Retailers worldwide have battled slowing conditions, with Australian footwear giant Accent Group and American fashion brand Guess recently highlighting the impact lower consumer confidence is having on the wider market. There are a lot of online merchants vying for their dollar and they can easily compare prices.”
The Amazon app’s new feature will focus on both established and emerging luxury fashion and beauty brands, starting with Oscar de la Renta’s Pre-Fall and Fall/Winter 2020 collections. Products will be sold directly by their brands, letting individual merchants make independent decisions regarding their inventory, selection and pricing.
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