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How artificial intelligence and augmented reality can put a dent in return rates
When it comes to online returns, the stats aren’t pretty. Consumers return 30% of ecommerce purchases and a study from Shopify reveals that 40% of consumers buy variations of a product online intending to send back most of the order. In…
The Future of Retail Home Goods: Physical Space, AR & Social
Quick Fact – Between 2013 and 2018 the brick-and-mortar home goods markets grew by 20.9% while e-commerce grew 88.7%; according to data provided to Retail Dive by Euromonitor. As a result of this growth, various retail giants have invested in…
Technology Trends & Implications for Retailers
A main theme throughout the Reverse Logistics Association 2019 conference was centered around technology and how it fits in with retail and manufacturers. By now, most people know that 5G technology is right around the corner with promises of faster…
Facing Down Your Returned & Excess Inventory? Here’s What to Keep in Mind.
What is it that separates top consumer goods brands and retailers from the rest of the pack? Having well-designed, thoroughly tested products is one obvious answer. And there’s definitely something to be said for a helpful and efficient shopping experience,…
High eCommerce Returns Plague Retailers This Season
As we turn our eyes to 2022, online shopping has become more popular than ever before. In fact, worldwide eCommerce has more than doubled in the last 5 years, rising to $4.8 trillion in 2021. Experts predict this figure will…
2019 Fashion & Apparel Industry Report
Quick Facts: Double-digit sales growth expected over the next decade for the fashion and apparel industry Worldwide fashion and apparel ecommerce will increase at a compound annual rate of 10.6% from $408 billion in 2017 to more than $706 billion…
The Connected Future – Takeaways from MWCA ‘18: Part I
This is the first post of our three-part takeaway series from MWCA 2018. In this post, we discuss The Connected Future and what 5G will bring; including how it will provide a lift for both AI and VR technologies. Part…