Recommerce

  1. Retail Ecosystem

How LePrix is Using Tech to Advance Luxury Wholesale

Retail TouchPoints has been studying and reporting on the evolution of resale for years. Over this time, we’ve seen consumer behaviors shift and demand accelerate, which means retailers have had to rethink the way they research and source “pre-loved” goods. How do they find the right wholesale partners? What are the risks they face while […]
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  1. International

Inside H&M’s Strategy to Become a More Sustainable Organization

As Total Retail reported last week, H&M launched a resale program in collaboration with thredUP. “H&M Pre-Loved” offers shoppers an easy way to find secondhand pieces for their wardrobes. The new shop also continues the retailer’s sustainability mission of establishing circular business models for itself and customers. To learn more about its new resale program, Total Retail connected with Abigail […]
3 min read
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  1. Retail Ecosystem

H&M Launches a Resale Program With thredUP

H&M launched a resale program Tuesday in collaboration with thredUP, an online consignment platform that has partnered with dozens of brands to run their used clothing sales, the fast-fashion retailer told Reuters. H&M will be the largest retailer to work with thredUP, and the partnership will mark the retailer’s first resale marketplace in the United States, […]
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  1. Retail Ecosystem

H&M enters U.S. resale market with help from ThredUp

H&M has launched a resale program in collaboration with the online consignment platform ThredUp. Around 30,000 clothing SKUs will be available on H&M’s resale site. It marks H&M’s first resale venture in the U.S. market but not its first in secondhand clothing. “We’ve been working in secondhand since about 2015, really testing and learning,” said […]
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  1. Trends & External Forces

Some Retailers See Setbacks From Silicon Valley Bank Collapse

Some retail organizations are seeing significant setbacks as a result of the collapse of Silicon Valley Bank (SVB). Toy e-commerce startup Camp, for example, sent an email to customers on March 10 that said it was slashing prices and would use the sales to help fund its continued operations after much of its money was tied up in […]
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  1. Retail Ecosystem

How to Make Branded Recommerce Profitable

Branded recommerce is gaining momentum in retail. Could it be the key to success for your company? To find out, you’ll have to do some deep strategic work to ensure your brand, your products and your customer align.  During this episode of Retail Remix, Alicia Esposito talks with Andy Ruben, Founder & Executive Chairman at  […]
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  1. Corporate Strategy

Silicon Valley Bank Collapse Hits Some Ecommerce Retailers, but Full Effect Remains to be Seen

The collapse of Silicon Valley Bank (SVB) is sending shockwaves through ecommerce, and some retailers are expecting significant setbacks from the loss of its services. The Department of the Treasury, Federal Reserve and FDIC have promised in a joint statement that all depositors will have access to their money as of March 13 through a […]
2 min read
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  1. Shopper & Customer

Ebay VP on the Platform’s Competitive Advantage: ‘We Don’t Compete with our Sellers’

When Ebay debuted in 1995, it and Amazon were pretty much the only game in town. Fast forward 28 years and Amazon and Ebay are still the two largest marketplaces in the U.S. — albeit in a vastly more crowded landscape. Not only have a slew of new marketplaces launched, but big-name retailers like Walmart, […]
6 min read
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  1. Operations & Supply Chain

Why Shifting Return Policies Can Create Shopping Surges

Shopping surges over the holiday season brought higher returns volumes, costing retailers significant financial burdens to process unwanted items. Compounding the issue, online shopping has soared in recent years, with return rates hovering between 20 percent to 30 percent. To offset rising costs of reverse management, many retailers are adjusting policies to incentivize in-store returns, […]
3 min read
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  1. International

New London Nisa retailers invest in better value product ranges

Two new convenience stores have been unveiled in Wembley and Charlton, both offering shoppers an extensive range of cost-effective products. Launched in January, following a full refurbishment, the 4,000 sq ft Nisa Local in Wembley, which was previously a Bugdens, is the latest store from independent retailer Shah Purvin. The well-established retailer with eight years […]
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  1. Department: Consumer Durables

The Latest Trends in Sustainability for Retailers

The retail industry is changing like never before, and sustainability has increasingly become a crucial factor in the success of modern organizations. This trend is likely to stay popular for years to come. This can be attributed to a variety of things, from legal ramifications (laws being enacted around sustainability) to a consumer shift. Sustainable […]
3 min read
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  1. Operations & Supply Chain

Responsible partners with Sorted to tackle overseas returns

Recommerce circular platform Responsible has partnered with Sorted to tackle overseas returns challenges, brought on by Brexit and rising customer expectations. The platform collaborates with premium fashion, streetwear and outdoor… The post Responsible partners with Sorted to tackle overseas returns appeared first on Latest Retail Technology News From Across The Globe – Charged.
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  1. Retail Ecosystem

The RealReal Cuts 230 Jobs in Streamlining Effort Aimed at Reaching Profitability

The RealReal will cut operating costs through layoffs and store closures, with plans to eliminate 230 positions, or 7% of its workforce, according to a filing with the Securities and Exchange Commission. The resale company also will shutter two flagship stores, in San Francisco and Chicago, two neighborhood stores, in Atlanta and Austin, Texas, and […]
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  1. Partnerships & Alt Profit

Dick’s Plans 200 Gear Trade-In Events for First Half of 2023

Dick’s Sporting Goods is expanding its partnership with online marketplace SidelineSwap, with plans to host a series of 200 sports gear trade-in events across 19 states in the first half of 2023. Dick’s first teamed up with SidelineSwap — a peer-to-peer platform where athletes can buy and sell used sporting goods — in 2022, and the […]
2 min read
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  1. Corporate Finance

Appleby Westward launches multi-million pound investment programme

Appleby Westward, the southwest-based Spar retailer and food wholesaler, has announced a multi-million pound capital investment programme designed to build on the recent strong growth of the business. The investment will be spearheaded by two major schemes; An £8.5m project to build new warehousing along with the refurbishment of the existing warehouse and offices at […]
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  1. Shopper & Customer

NRF 2023 Spotlights Profitability, Workforce Enhancements and Media Network Opportunities

The NRF Big Show, held in NYC Jan. 15-17, did more than bring together 35,000 attendees and more than 1,000 exhibitors. The event also gives us business editors the chance to suss out the major trends that retail decision-makers will be grappling with in 2023. Here’s our take on just a few of the key […]
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  1. Stores & Formats

Predictions for how retail formats will catch up with the times in 2023

Forbes contributor and RetailWire BrainTrust panelist Nikki Baird takes stock of what the pandemic has wrought (and inspired) in store design and comes up with six trends to watch for in 2023 — from greater concentration on opening stores in Tier II and III cities, to the notion of introducing the secondhand clothing movement to […]
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  1. Retail Ecosystem

J.Crew Launches Resale Program, Refurbishes Vintage Favorites

J.Crew is joining sister brand Madewell in the world of circular fashion with the launch of an online resale program and plans to bring back refurbished versions of its most popular looks for men and women in select stores. J.Crew’s Head of Women’s Design, Olympia Gayot, styles one of the vintage women’s pieces that will […]
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  1. Channel: Ecommerce & Digital

Rent the Runway Turns to Amazon as Turnaround Efforts Continue

As it completes its restructuring and moves forward on the path to profitability, rental subscription service Rent the Runway has opened a storefront on Amazon where it will sell both pre-worn and new apparel. Rent the Runway’s new branded Amazon Fashion storefront features hundreds of pre-worn styles from 35 brands. The company also plans to […]
2 min read
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  1. Channel: Ecommerce & Digital

Rent the Runway Turns to Amazon as Turnaround Efforts Continue

As it completes its restructuring and moves forward on the path to profitability, rental subscription service Rent the Runway has opened a storefront on Amazon where it will sell both pre-worn and new apparel. Rent the Runway’s new branded Amazon Fashion storefront features hundreds of pre-worn styles from 35 brands. The company also plans to […]
2 min read
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Editor’s Choice

  1. Technology & Innovation
  2. Corporate Strategy
  3. Corporate Finance
  4. Partnerships & Alt Profit
  5. Media & Marketing
  6. Agencies & Vendors
  7. Data & Insights
  8. International
  9. Shopper & Customer
  10. Technology & Innovation

aisle 3 exits the CSS business and uses proceeds to support growth in sneaker category

AI powered shopping platform aisle 3 has completed the sale of its Google Comparison Shopping Site (CSS) service to Product Hero. Financial terms of the deal were not disclosed, other than it being all cash. The sale consolidates market share for CSS service provider Product Hero, which works with the likes of Rituals and Ikea. […]
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  1. Partnerships & Alt Profit
  2. Partnerships & Alt Profit
  3. Shopper & Customer
  4. Technology & Innovation

Kroger lands deal for self-driving truck deliveries

Get ready because the empty truck cabs in motion are coming. Gatik, which is involved in autonomous middle-mile logistics, has announced a multi-year commercial collaboration to transport customer orders within Kroger’s Dallas distribution network. The operations will launch in a few weeks. Under the collaboration, Gatik’s medium-duty autonomous box trucks will transport fresh, customer-favorite products from […]
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  1. CPG: Food
  2. Channel: Grocery
  3. Department & Category
  4. Department: Beverage
  5. Department: Food
  6. Corporate Strategy
  7. Shopper & Customer
  8. Technology & Innovation
  9. Trends & External Forces
  10. Merchandising
  11. Owned Brands (Private Label)

Albertsons Redesigns and Expands Open Nature Own Label Line

Albertsons yesterday unveiled what it said was “the redesign of its Open Nature brand as the company strives to become the brand of choice for those health-conscious shoppers seeking a more balanced lifestyle. Open Nature, which is part of Albertsons Cos. Own Brands portfolio, provides shoppers with tasty foods made with thoughtfully chosen ingredients that […]
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  1. Stores & Formats
  2. Corporate Finance
  3. Trends & External Forces
  4. Associates & Employees
  5. Stores & Formats

Dollar General investing $100M in its stores, with a focus on boosting labor

Dive Brief: Dollar General posted net sales of $10.2 billion during the fourth quarter of 2022, a figure that was up 17.9% compared with the same period in 2021, the discount retail chain reported Thursday. Comparable-store sales rose 5.7% year-over-year in Q4, while operating profit was up 17.1%. CEO Jeff Owen said Dollar General intends to invest about […]
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