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The Reject Shop posts sales decline due to lockdowns, absenteeism

Inside Retail

Andre Reich, CEO of The Reject Shop stated that the team was challenged with uncertainty and volatility due to Covid. “We ” 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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Scaling Up Sales in Enterprises: Weighing Discounts Against Free Shipping

Wiser

When it comes to online retail, pricing strategies can make or break a business’s success. Among these strategies, two stand out as particularly effective tools for driving conversions: discounts and free shipping. On the other hand, free shipping has emerged as a potent marketing strategy in the era of eCommerce.

Shipping 148
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How AI is Revolutionising the Retail Sector

Retail Focus

Personalised Recommendations One of the most visible applications of AI in retail is personalised product recommendations. Retailers are using machine learning algorithms to analyse customer data and purchase history to provide tailored suggestions and recommendations. This improves productivity and reduces costs.

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

Inside Retail

Pricing dynamics Last year, a rare BTS Jimin photocard fetched 3 million won (around US$2056) on Global Bunjang, with the purchase coming from the US. In official retail, prices are fixed and set based on predetermined factors like brand value, production costs, logistics and marketing expenses, Lee said. million KRW ($1029).

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

Retail TouchPoints

Conscious consumption is on the rise and two big names in retail have launched new programs to tap into the consumer appetite to shop sustainably. Items are available at up 60% off retail prices. eBay UK Features ‘Imperfect’ Products from North Face, Puma and More. ” .

Fashion 278
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How AI is Helping a Brooklyn Thrift Store Amp Up Both Sales and its Environmental Impact

Retail TouchPoints

In addition to the tens of thousands of items resold every year through its shop, Big Reuse also operates composting programs and street tree care projects across New York City, funded in part by profits from the store. And then Dockers priced at $9.99

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Reebok Pacific GM talks new Chadstone store and growth plans down under

Inside Retail

The brand has a range of partnerships in the works, and recently opened its first domestic flagship – a 167sqm store at Chadstone Shopping Centre, showcasing new trends and styles, and introducing new customers to the vintage brand. The concept stores will provide us with the ability to ship from store, and ship to door.

Planning 246