Recommerce

  1. Channel: Mass
Gap will experiment with new ideas through four new retail spaces at its San Francisco headquarters, designed to support the Old Navy, Gap, Banana Republic and Athleta brands. The new “laboratories” add a combined 18,000 square feet of retail space to Gap’s home base, which also includes a “Co-Lab” maker studio where visitors can watch […]
  1. Shopper & Customer
We live in a confusing time. Consumers want to do their bit for the environment, save a buck, and make up for lost time during the pandemic. Some sustainable behaviors picked up speed during Covid, but out of necessity – with air travel at a standstill and very few places to go, many opted for […]
  1. Retail Ecosystem
Tommy Hilfiger is partnering with My Wardrobe HQ in order to launch its first recommerce platform in the UK. The platform will initially launch as a six-month pilot and will… The post Tommy Hilfiger launches first-ever UK-based recommerce offering appeared first on Latest Retail Technology News From Across The Globe – Charged.
  1. Operations & Supply Chain
Mother’s Day recently passed, and our data showed it garnered some of the lowest returns rates of the year thus far. Additionally, we found the value of Mother’s Day returns were significantly lower, about 25 percent less per item, than standard returns. Most gifts hovered around $20 or less. We’re anticipating a similar scenario for […]
  1. Technology & Innovation
Editor’s Note: Be sure to check out Part 1 of this series focusing on evolving consumer perceptions of the metaverse. If the first quarter of this year was consumed with existential questioning — What exactly is the metaverse? Do we need to be a part of it? — Q2 appears to be the moment of […]
  1. Department: Consumer Durables
The world’s largest retailer is using artificial intelligence (AI)-based innovation to drive eCommerce sales, as Amazon on Thursday (June 9) debuted Virtual Try-On for Shoes, an interactive mobile experience that allows customers to visualize how a pair of shoes will look on them. The tool will “better inform purchasing decisions,” according to the Amazon blog […]
  1. Operations & Supply Chain
In 2021, e-commerce boomed. Consumers spent $870.78 billion online last year, and according to the National Retail Federation (NRF), returns resulted in $761 billion in lost sales for U.S. retailers. As we near the halfway mark of 2022, retailers are getting organized around the holiday season to prepare for more online shopping, more delays and […]
  1. Department: Consumer Durables
This statistic shows the share of women who bought secondhand apparel, footwear, or accessories in the U.S in the previous twelve months, by age. As of April 2021, 46 percent of Generation Z respondents stated that they had purchased secondhand items in the past year.
  1. Department: Consumer Durables
The earth is changing, and so is the way consumers shop. With 77% of Americans concerned about the environmental impact of products they buy, retailers are revamping their business models to improve both the planet and their balance sheets. For years, the fashion industry has faced backlash for its climate-harming practices. Consider these facts: one new garment takes 77 […]
  1. Retail Ecosystem
While we had the chance to be at home more over the past few years, you may have spruced up a home office or replaced a couch. However, once the new item was in your home, you may have had some buyer’s remorse or the item didn’t live up to its website photo. In any […]
  1. Corporate Strategy
Trove President Gayle Tait will now lead the recommerce platform as its CEO, effective immediately. Former CEO Andy Ruben, who occupied the position since founding the company in 2011, will continue to work with Trove as its Executive Chairman. The change will allow Ruben to focus on industry leadership, sustainability and Trove’s growth strategy.   […]
  1. Shopper & Customer
KEY POINTS Shares of Etsy, Shopify, Wayfair, Poshmark and a number of other e-commerce retailers fell Thursday. E-commerce transactions have declined 1.8% from a year ago, while in-store sales rose 10%, Mastercard SpendingPulse said in a new report. The decline in online retailers came as a broader sell-off walloped stock markets Thursday. Shoppers are eager […]
  1. Data & Insights
As consumer demand for sustainability and minimalism continues to grow, secondhand products are back in vogue. The market is expected to grow 11X faster than the retail clothing sector and may reach $77 billion by 2025.  Indeed, with 16-18% of Americans shopping at thrift stores in a year, the secondhand market is gaining a lot […]
  1. Shopper & Customer
Imagine this scenario: After scouring a secondhand shop for what seems like an eternity, you finally find the perfect pair of brand-name jeans with tags still on them for only $20. For some shoppers, the thrill of discovering a hidden gem in a thrift store is more rewarding than a fast-fashion find — and not […]
  1. Media & Marketing
There is no shortage of platforms out there to sell your old stuff. From thredUp and The RealReal to Facebook Marketplace to eBay, the tech world has long sought to capitalize on the generally wasteful attitude of consumerism over the last half century. But lurking among these platforms is a group not often thought about, […]
  1. Department: Nonfood
Resale has a new player with the launch of DICK’S Sporting Goods’ in-store buy-back program, available in select markets through a partnership with outdoor and adventure gear resale platform Out&Back. DICK’S will pilot the program at DICK’S Sporting Goods locations in Pittsburgh and Lakewood, Colo. and its Cranberry Township, Pa. Public Lands location. The program […]
  1. Department: Consumer Durables
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. eBay has launched a program to sell defective merchandise from more than 100 brands in the UK, while lingerie brand Adore Me has debuted a new marketplace that will exclusively […]

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Editor’s Choice

  1. Channel: Restaurants
  2. CPG: NonFood
  3. Channel: Restaurants
  4. Department & Category
  5. Department: Consumer Durables
  6. Department: HBC
  7. ESG
  8. Partnerships & Alt Profit
  9. Media & Marketing
  10. Data & Insights
  11. Shopper & Customer
  12. Trends & External Forces
The KFC x Crocs Clogs sold out quickly after New York Fashion Week influencer event, winning KFC an award in the ‘Events: New Product or Service Launch’ category of Ragan’s 2021 Media Relations Awards. After grabbing attention with its Extra Crispy Sunscreen, fried chicken-scented scratch ‘n’ sniff Valentine’s Day cards, and an 11 Herbs & […]
  1. Data & Insights
  2. Corporate Strategy
  3. Media & Marketing
  4. Data & Insights
  5. Shopper & Customer
  6. Technology & Innovation
  7. Trends & External Forces
  8. Associates & Employees
  9. Holiday & Events
What do you get when you combine one of the largest shopping events of the year with historic levels of inflation, stock shortages, and labor issues? We’ll tell you exactly what you get… You get the 2022–23 Back to School (BTS) shopping season. As noted in Field Agent’s Back to School Success Kit: How Brands […]
  1. Corporate Finance
  2. Department: HBC
  3. Acquisitions, Divestitures & Mergers
  4. Corporate Strategy
  5. Corporate Finance
  6. ESG
  7. Data & Insights
  8. International
  9. Shopper & Customer
  10. Technology & Innovation
  11. Trends & External Forces
  12. Merchandising
  13. Operations & Supply Chain
Kohl’s is off the sales block following the end of talks with Franchise Group (FRG), which has been the highest bidder for the company since the retailer began seeking a buyer in January 2022. When exclusive acquisition negotiations began in early June, FRG proposed $60 per share for Kohl’s, a valuation of $8 billion, eventually […]
  1. Associates & Employees
  2. Department: Foodservice
Today, the Underground Donut Tour, the World's Best Donut Tour, is launching their first tour within the European Union, specifically, in Dublin, Ireland. The Underground Donut Tour has been running for 7 years across the US and the UK, including Chicago, Philadelphia, New York City, Portland, Seattle, Boston, Nashville, New Orleans, London and now adding Dublin to our roster. Hosting thousands of guests from around the world and showcasing the best doughnuts each city has to offer.

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