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Retail Reopening Hinges On Dangerous Discounts

PYMNTS

retail reopening. Most reports of mall reopenings and other retail post-pandemic debuts in the U.S. Down the street at Altar’d State, during the store’s shutdown, employees posted videos of their clothing marketed to young women. The station also reported that retailers who did see crowds followed strict guidelines.

Retail 143
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Farfetch IPO Shows Luxury Retailers Ready To Ware Online

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The online marketplace has disrupted any number of verticals, changing the way we shop and spend, and where we grab must-have items — from books to rugs to lamps, and sometimes from across international borders. We operate the only truly global luxury digital marketplace at scale, seamlessly connecting brands, retailers and consumers.

Online 101
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Reseller Market Maintains Momentum With Nordstrom’s Entry

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While “reselling” or “secondary market” are more likely to keep ownership of this burgeoning market, the reselling market is reinventing itself for 2020. Nordstrom has not yet launched its online intake program where customers will have the ability to mail in merchandise. We like the handle.

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Saks Fifth Avenue CEO Lauds Holiday Luxury Buying Binge

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Saks Fifth Avenue CEO Marc Metrick said luxury retail could be called “comfort food” for those mired in pandemic-related stress, CNBC reported. 21) during a virtual presentation at the National Retail Federation ’s Big Show event , CNBC reported. I think what we learned is [consumers] view luxury as the comfort food of retail.

Retail 172
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China $1.1T eCommerce Market On Horizon

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While some Asian country economies may be slowing down, the health of the online retail markets across the continent is booming. That same report goes on to detail how these five Asian online economies have already outpaced the combined online retail markets in the U.S. trillion by 2020.

Marketing 100
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Reading Retail’s Tea Leaves Via Retail’s Resale Market

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Given the massive and in many cases seismic shifts in the retail landscape because of the coronavirus pandemic, it shouldn’t come as much of a surprise that retail’s shadow side of B2B overstock sales and liquidation is also rapidly shifting. Keeping the System Moving Now.

Marketing 142
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Keeping Online Counterfeits Off Luxury Marketplaces

PYMNTS

Sales of counterfeit goods, particularly on third-party sites that facilitate transactions between individual buyers and sellers, have skyrocketed with the advent of online shopping. Online Luxury and the Importance of Authentication. Millennials and Gen Z are driving the growth of the secondhand market and eCommerce, generally.

Online 118