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

Retail TouchPoints

The company was founded by two veterans of fellow circular economy tech solution Happy Returns , Andy Downard and Josh Packard, and uses AI to tackle one of the trickiest facets of secondhand retail pricing.

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Digital Is Turning Retail Into An On-Demand Model

Retail TouchPoints

For example, sustainable ‘rental fashion’ is one phenomenon taking over the industry as Millennial and Gen Z consumers, who value access over ownership, buy into the concept of hiring clothing at a fraction of the retail price.

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Big in Japan: The return of vending machines

Inside Retail

The program features nine kinds of products, including Nescafe bottled coffee and KitKat chocolate, at prices 10 per cent to 50 per cent lower than the suggested retail price. Food products must be distributed to retailers within the first third of the period between the manufacturing date and the expiration date.

Returns 130
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A cost-of-living crisis is brewing in Asia. Here’s what it means for retail

Inside Retail

At first, it seemed like Asia might get off lightly – most governments and professional economic forecasters in the region said so – but cost of living pressures are rising across the continent, with food, energy, rent and labour costs now all key drivers of retail price inflation.

Wholesale 130
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Is Price Matching the Right Strategy for You?

Wiser

Overall, shoppers want confidence that they are buying from a reputable, honest, and fair retailer. Price matching can help with that. On its surface, a price match strategy is set up to benefit the shopper at the detriment of the retailer. This is a good-faith initiative.

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How Mwave Australia caters to high-end gamers

Inside Retail

We’re not going to build a big retail network, that’s not our model, but I can see us expanding on the showroom concept in the future. So it’s a very price competitive margin squeeze at the moment. The benefit to having the showroom attached to our warehouse is that you can buy anything in-store.

Marketing 130
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Is Price Matching the Right Strategy for You?

Wiser

Overall, shoppers want confidence that they are buying from a reputable, honest, and fair retailer. . Price matching can help with that. On its surface, a price matching strategy is set up to benefit the shopper at the detriment of the retailer. This is a good-faith initiative.