Recommerce

  1. Retail Ecosystem

Newegg Expands Resale Offering with ‘Refreshed’ Program for Electronics, Appliances

Online electronics and appliance marketplace Newegg is making a big push into resale with the debut of Newegg Refreshed, a refurbishment program for pre-owned products. Among the product categories now available in refurbished condition on Newegg are Apple products (iPhone, iPad and MacBook) and Advanced Battlestations (ABS) gaming desktop PC systems, as well as other […]
2 min read
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  1. Retail Ecosystem

Newegg Expands Resale Offering with ‘Refreshed’ Program for Electronics, Appliances

Online electronics and appliance marketplace Newegg is making a big push into resale with the debut of Newegg Refreshed, a refurbishment program for pre-owned products. Among the product categories now available in refurbished condition on Newegg are Apple products (iPhone, iPad and MacBook) and Advanced Battlestations (ABS) gaming desktop PC systems, as well as other […]
2 min read
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  1. Data & Insights

5 Trends Set to Power the E-Commerce Revolution in 2024

As we begin 2024, the e-commerce landscape is on the brink of a significant transformation. Technological advancements like artificial intelligence/generative AI coupled with evolving consumer behaviors and a global shift towards sustainability are converging to redefine the way we shop online — from the way we search for products and make payments, to the authenticity […]
3 min read
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  1. Shopper & Customer

Retail Trends and Predictions for 2024

The fate of the retail sector remains uncertain with consumers continuing to turn to e-commerce to purchase both necessary and luxury items. As shopping habits evolve, so do the channels that customers return to time and time again for their items of choice. In a year that saw social commerce boom and channels like Instagram […]
4 min read
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  1. Technology & Innovation

5 Key Retail Trends to Look for in 2024

With all the buzz surrounding artificial intelligence in the retail industry, it’s no surprise that its embrace is one of the top trends as the industry begins 2024. The rapid growth of AI, machine learning and predictive technologies is opening up new worlds of opportunities. However, AI isn’t the only key trend in retail. Here […]
3 min read
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  1. Department: Food

Breakfast Gets Traction With Young People

Axios reports that our mothers, apparently, were right – breakfast is once again becoming the most important meal of the day. Here’s how it frames the story:  “Cereal is (largely) out, but hot honey sandwiches, cinnamon roll pancakes and wonuts — a waffle/doughnut hybrid — are in as more chefs try to lure us out […]
2 min read
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  1. Retail Ecosystem

The RealReal Powers Up its Consignment Business with Digital ID Integration

Luxury resale marketplace The RealReal has partnered with digital ID platform Eon and joined its Eon Exchange, an ecosystem of integrated apps, partners and services. Through this integration, The RealReal hopes to streamline the process of consigning items on its marketplace. Owners of luxury fashion items from Eon’s network of brand partners will be able to scan […]
2 min read
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  1. Shopper & Customer

Increase in DIY for the Retail Market

The COVID-19 lockdown caused a massive spike in DIY interest. This was exemplified by Kingfisher, the owner of B&Q and Screwfix, reporting a remarkable 146% increase in online sales from 2021 to 2023 last three years. However, following this, the DIY market saw a decline in 2022 due to the cost of living crisis. The […]
3 min read
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  1. Data & Insights

7 Stories that Shaped 2023 — and What They Foretell for 2024

The editors of Retail TouchPoints are sharing our picks for the seven most consequential stories of 2023. As usual, there were lots to choose from — that’s standard for such a dynamic industry — but these were the topics that had “legs” (and are likely to continue to be important in 2024). 1. Resale Continued […]
5 min read
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  1. Corporate Strategy

GoodwillFinds’ CEO Discusses the Future of Resale E-Commerce

In episode 432 of Total Retail Talks, Editor-in-Chief Joe Keenan interviews Matt Kaness, CEO of GoodwillFinds, an online, curated selection of hundreds of thousands of unique items, showcasing a wide variety of secondhand clothing, books, home decor and more. Listen in as Kaness provides an overview of GoodwillFinds (0:55), discusses his professional background and what […]
< 1 min read
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  1. Data & Insights

How Studs is Reimagining the Ear Piercing Industry

In episode 431 of Total Retail Talks, Editor-in-Chief Joe Keenan interviews Anna Harman, co-founder and CEO, and Lisa Bubbers, co-founder and chief brand officer, of Studs, a new ear piercing experience that enables consumers to express themselves through “earscaping.” Listen in as Harman and Bubbers provide an overview of the company (0:55), their inspiration for […]
2 min read
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  1. Technology & Innovation

’Tis the season for shopping and romcoms: RTIH runs back the week’s coolest retail technology plays

RTIH Editor, Scott Thompson, brings you his top ‘future of retail’ systems launches and deployments from the past week, including Amazon, Pinterest, Aldi, Walmart, HMV, New Look, TrusTrace, One Water, Polytag, BERSHKA, and 3DLOOK. Amazon Amazon has opened a Second Chance Store in London, giving festive shoppers the chance to buy quality returned products in-person, […]
5 min read
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  1. Technology & Innovation

Including HMV, Asda, and Ikea UK: RTIH presents the retail technology week in numbers

Do you like numbers? Do you like retail systems news? Then this is the article for you. Including TrusTrace, New Look, Square, Fossil Group, NewStore, InPost, and the 2023 RTIH Innovation Awards. 5…This week, we announced the winning submissions for the 2023 RTIH Innovation Awards, sponsored by PMC, FreedomPay, Worldpay from FIS, CADS, 3D Cloud […]
6 min read
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  1. Channel: Mass

Walmart, TJX Provide a Few Bright Spots in Q3 Results

Several of the nation’s largest retailers, including Target, Macy’s, Gap and BJ’s Wholesale Club, struggled during Q3, with all reporting net sales declines and all but one showing a fall-off in comparable store sales. Net sales for both Macy’s and Gap dropped 7% compared to the same period last year; Target did comparatively better, with […]
3 min read
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  1. Data & Insights

Holiday sales below year-ago levels as 2023 season begins

Key Takeaways Online Marketplaces like Temu and Amazon are outperforming Share of sales online is stable or rising across most categories Luxury and home goods are underperforming Holiday sales decline for first time in years Contact Sales for more details. Holiday sales are down 1.7% YoY in the first 8 days of the holiday season according […]
3 min read
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  1. Retail Ecosystem

Rebag, ThredUp Join Forces to ‘Push the Boundaries of the Secondhand Market’

Luxury accessory resale site Rebag and online resale platform ThredUp have announced a multi-faceted partnership to bring their clienteles closer together and enhance both companies’ circularity efforts. Rebag customers can now resell gently worn items on ThredUp to earn Rebag shopping credit, and ThredUp customers can now shop select Rebag inventory directly on Thredup.com. “Industry […]
2 min read
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  1. Technology & Innovation

Cutting Through the Retail Technology Clutter with Brenda Witcher, VP & Principal Analyst, Forrester

We welcome Brendan Witcher, Forrestor’s VP & Principal Analyst back to the pod to get his always insightful and provocative perspectives on retailer’s priorities for 2024. He helps us separate the real from the imagined with a preview of his upcoming report on where retailers are placing their bets for the future. We start with his […]
3 min read
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  1. Technology & Innovation

Featuring AiFi, Macy’s, and TalkShopLive: RTIH runs you through the week’s coolest retail technology plays

RTIH Editor, Scott Thompson, brings you his top ‘future of retail’ systems launches and deployments from the past week, including robot food delivery services, autonomous stores, AI chatbots, and peer-to-peer resale platforms. The University of Akron The University of Akron has rolled out a robot food delivery service, covering its campus building and residence halls. […]
8 min read
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  1. Shopper & Customer

How are US Consumers Spending Their Money this Holiday Season?

After several disrupted holiday celebrations due to pandemic lockdowns and economic crisis, the future outlook for US holiday retail sales is improving. Although value remains a top priority for many US consumers and they continue to take budgeting measures, especially those still affected by high prices, experts expect a record high in seasonal retail this […]
7 min read
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  1. Retail Ecosystem

Take-back programs are the gateway to resale for brands, and data is leading to increased investment

​[[“value”:” In the ever-evolving landscape of fashion and retail, 2022 marked a remarkable turning point. Branded resale programs experienced exponential growth, tripling in size from the previous year with 88 brands launching dedicated resale shops. The momentum continued unabated into 2023, and with 86% of retail executives saying their customers are already participating in resale, […]
3 min read
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  1. Retail Ecosystem

The RealReal CFO to step down

​[[“value”:” Dive Brief Still in its quest for profitability, and amid financial struggles, Robert Julian is leaving the position after two years with the company. Published Oct. 4, 2023 The RealReal store location in Melrose, Los Angeles. Earlier this year, the company announced it would shutter its San Francisco, Chicago, Atlanta and Austin, Texas, locations. Cara Salpini/Retail […]
< 1 min read
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  1. Partnerships & Alt Profit

Otrium and Bleckmann launch garment repair partnership following three month pilot

Digital fashion outlet Otrium has launched a garment refurbishment and repair programme for damaged returns following a pilot scheme. The initiative is being run in partnership with Bleckmann, a specialist in supply chain management for fashion and lifestyle brands. Most of the returns that Otrium currently receives can be easily restored and put back on […]
2 min read
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  1. Department: Consumer Durables

eBay Launches Consignment Offering for Luxury Fashion Sellers

eBay is stepping into the consignment market for luxury fashion, aiming to rival platforms like The RealReal and ThredUp. Partnering with experienced seller Linda Lightman of Linda’s Stuff, eBay’s new service will initially focus on designer handbags from brands such as Chanel and Louis Vuitton. This move complements eBay’s recent efforts to enhance its authenticity…
< 1 min read
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  1. Technology & Innovation

Featuring PMC, Attensi, and Mercaux: RTIH’s biggest retail technology articles on LinkedIn right now

We’re big fans of LinkedIn and are busy building an amazing community of retail tech enthusiasts on the social media platform. These are the articles that are currently on their radars, including Asda, Penny Black, Marie Curie, AiFi, JUXTA, and Pocket Planet. PMC announced as headline sponsor of the 2023 RTIH Innovation Awards, winners to […]
8 min read
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  1. Shopper & Customer

Capturing the Growing Spending Power of Gen Z and Gen Alpha

Gen Z and their younger counterparts in Gen Alpha are often referred to as “digital natives.” But what exactly does that mean? And more importantly, how does this “native” status impact the methods brands use to engage these current and future consumers? A panel at the June 2023 Retail Innovation Conference & Expo provided answers […]
4 min read
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Target’s April 2024 Circle Sale was its largest by sales lift

Track General Merchandise spending free Access chart in Dash. Target’s April Circle Sale generated 7% more sales than the weekly average in the previous 4 weeks according to Earnest credit card data. This represents a 2 point acceleration in the Circle Sale’s contribution to Target’s topline compared to Target’s October sale. Target Circle is a […]
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  1. Department: Consumer Durables
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TikTok Shop customers spend more at lower ticket apparel retailers

Download full TikTok Shop report Access TikTok and Panel data in Dash. TikTok Shop customers spent 26% of their apparel wallet on Off-Price Department Stores and 11% on Fast Fashion in the 12-months ended February 2024, compared to 24% and 7% for the average shopper. Conversely, TikTok Shop users spent less than their peers at […]
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Where Does One U.S. Tax Dollar Go?

See this visualization first on the Voronoi app. Where Does One U.S. Tax Dollar Go? This was originally posted on our Voronoi app. Download the app for free on Apple or Android and discover incredible data-driven charts from a variety of trusted sources. Come tax season, a common refrain is: “what do my taxes even […]
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