Popular now
Lululemon lowers full-year guidance after Americas slowdown

Lululemon lowers full-year guidance after Americas slowdown

British Land opposes ‘unacceptable’ TG Jones restructuring plan

British Land opposes ‘unacceptable’ TG Jones restructuring plan

UK retail footfall drops 2.6% as heatwave slows shopping recovery

UK retail footfall drops 2.6% as heatwave slows shopping recovery

Brits wear clothes once for ‘hashtag moment’ before returning items

Brits wear clothes once for ‘hashtag moment’ before returning items

On this episode of Talking Shop, we're joined by Dan Cate, CEO and Founder of SoldThrough. Dan is a heavyweight retail executive who has spent decades steering the merchandising and digital operations of America’s most iconic retail institutions, from Saks Fifth Avenue and Bloomingdale’s to Century 21 and Lord & Taylor. Today, through his platform SoldThrough, Dan helps international fashion brands cross the Atlantic and crack the notoriously brutal U.S. retail landscape. We break down his journey from the shop floor to the C-suite, the operational indicators that prove a brand is truly ready for international expansion, and how to navigate a fragmented American market without destroying your margins. We also discuss how to balance localised inventory with central efficiency, and the one non-negotiable metric that tells you a product has found genuine market fit.

Register to get free articles

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

Almost one in 10 Brits have bought clothes online to wear once with the aim of posting a photo to social media and then returning their purchases.

This figure rises to almost one in five among 35-44 year olds (17%), the biggest percentage of any age group. According to Barclaycard the rise of the ‘try before you buy’ policy, which allows shoppers to order clothes online and only buy them if they decide to keep them, may be contributing to the ‘snap and send back’ trend.         

Research by the credit card company has also revealed that men spend more on fashion than women, with male spending on clothes and shoes totalling £114 per person each month, equating to over £300 per person more than women a year.

George Allardice, head of strategy at Barclaycard, said: “It’s interesting to see the social media trend further fuelling the returns culture. We know from our research that returns are having a big impact on retailers, with a huge figure of seven billion pounds a year in sales that they potentially can’t recognise.

“Retailers are adopting new processes to make returns easier as they know how important this is to customers. But to ensure shoppers are getting more wear out of their clothes – for posting on social media or for those real-life moments – retailers could think about introducing more varied photography and video content to their websites.

“By showing how to style items for different looks and how they will appear when worn, they could reduce the number of shoppers ‘snapping and sending back’.”

Previous Post
B&Q owner Kingfisher records Q2 revenue boost thanks to warm weather

B&Q owner Kingfisher records Q2 revenue boost thanks to warm weather

Next Post
Online sales and discounts help to boost retail sales

Online sales and discounts help to boost retail sales