Like surprises? Then how’s this one: Your secondhand jeans are more first-hand, shall we say, when it comes to retail growth. The resale market has grown by 24% in 2022 as more and more consumers turn their heads towards thrift shopping. Gonna pop some tags: Experts forecast that the industry could hit $300B in revenue …
Retail
Microsoft dropped insights into the year-on-year (YoY) rise of certain retail categories and trends. It’s worth taking a peep at… Words that won: Here are most-searched keywords on Black Friday that also contained “Black Friday” in their queries… 58% contained big-box retailer names. 20% included “sale” or “deal.” Most included terms or stores solely relating …
Did you know that last year, shoppers planned to buy 16 gifts on average? This year, the average number of gifts is closer to nine, according to Deloitte’s holiday retail survey. Doesn’t mean less spending… just more balanced spending: Deloitte claims low-income shoppers plan to spend 25% more, while higher standing shoppers intend to pull …
Despite the economic forecast, we just looked out the window and… yep, people are definitely still shopping. In fact, 65% of shoppers plan to spend the same or more during holidays according to research by Klaviyo and Qualtrics. Here are a few lightbulbs from their study: By generation, millennials and Gen Z are more likely …
If you’ve ever wandered into the dairy alternatives section of the grocery store, you’re almost certainly familiar with Oatly. You’ve probably picked up a carton. You’ve probably seen the huge paragraphs of witty, almost-poetic copy inked onto the side of the carton. And, maybe, you’ve taken one home… hopefully after paying for it. Here’s an …
Don’t worry, the Grinch hasn’t stolen Christmas. But things are slowing down: According to Adobe, this year’s overall online holiday spending will grow a mere 2.5% – the lowest in seven years. Why? Many reasons: Retailers have started discounting products early, thanks to bloated inventories, miscalculations, inflation, and so on. Discounts came early this year: …
Retailers have long been familiar with the challenges of retaining employees: employment turnover is hovering at 69% and shows no signs of slacking. But in the last two years, they’ve been struggling to find workers too—and despite continuous recruitment, retailers still can’t hire all the employees they need. Being understaffed creates high, unnecessary costs. But …
Consumers are having a visceral, belt-tightening reaction to economic uncertainty. When profits dip, grocery executives’ natural first reaction is to cut costs wherever possible, or maintain margins by passing off some of the cost to consumers. But these traditional strategies are not designed with long-term goals in mind. Instead, they can leave loyal shoppers dissatisfied …
The global e-commerce market is expected to expand by more than $1 trillion over the next four years. As marketers focus on expansion into new markets as their strategy for growth, the savviest retailers are concentrating on their customers and working to optimize their experiences across platforms and geographies. Having the right content in market …
The retail industry is experiencing an unprecedented churn of turnover. Learn how to build a powerful retention strategy with this article. Retail workers are leaving their jobs at a historic rate, but how can you keep up with the unprecedented churn of turnover? By strengthening your retention strategy, you have the power to boost retention …
