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StockX Co-founder Promoted to CEO Job

Retail TouchPoints

A longtime marketplaces veteran, he joined StockX to scale it for growth, with the ultimate goal of returning it to being a founder-led company. Cutler led the company through periods of hypergrowth and managed through a global pandemic.

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Solid Holiday Sales Point to Increasing Consumer Confidence

Retail TouchPoints

Also in line with expectations, consumers sought out value this year, reported Mastercard, with promotions driving sales throughout the season. ” Fraud and Returns Increase Along with Sales In tandem with these spending increases both fraud and returns also saw gains. in 2024 versus a 16.2% increase in 2023.

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Note to Retailers: How to Maximize the Post-Purchase Experience With a Modern Order Management System

Retail TouchPoints

According to PwC, businesses that reduce friction for consumers and empower all employees to make things right whether through returns, price adjustments or other policies bring higher customer satisfaction and more forgiveness. Delivering a smooth and frictionless post-purchase experience should be a top priority for every retailer.

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How AI could solve product returns and other supply chain challenges

Inside Retail

In times of supply disruption, AI can adjust pricing and promotions based on product availability and demand trends. Using AI for returns optimisation Another growing supply-chain issue for retailers is returns. Businesses are getting increased returns every year. per cent vs 10 per cent). per cent vs 10 per cent).

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Estee Lauder may slash up to 7000 jobs to return to profitability

Inside Retail

Earlier, Estee Lauder promoted Michael Bowes to EVP and chief people officer, effective April 1. The post Estee Lauder may slash up to 7000 jobs to return to profitability appeared first on Inside Retail Australia.

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4 Ways Retailers can Connect with Gen Z

Retail TouchPoints

The ease of online shopping is partly driven by flexible return policies. Gen Z often buys multiple items, tries them on at home and returns what doesnt fit. Across generations, 24% of online clothing purchases are returned. But they dont often buy directly through these platforms. But deals arent everything.

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Revolve Group Launches Mobile Fashion Game Alongside LA Holiday Pop-Up

Retail TouchPoints

When players earn their first promotion to a new stylist level, they unlock a limited-time 20% discount to shop on Revolve, thereby connecting virtual achievements with real-world rewards. They also can connect with other stylists by voting on their looks, as well as follow and “friend” others who inspire them. ”

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