#Sustainability isn’t the only reason consumers are embracing non-new goods. What other motives are driving shoppers and brands to explore #recommerce options? 💰 Cost: 58% of consumers say shopping resale minimizes the impact of inflation. 🤝 Culture shift: 76% of survey respondents say the stigma behind used clothing is declining. 💻 Online options: 63% of used apparel shoppers last year made an online purchase, pointing to a shift away from traditional brick-and-mortar secondhand stores. Shout out to ThredUp’s 2024 Resale Report and OfferUp’s 2023 Recommerce Report for the findings! TLDR: Recommerce is vital to the future of retail, and we’re proud to be powering the ability for brands to introduce recommerce in the most efficient and simple manner possible. ♻
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Revenue Leadership I Business Development | Marketing I Sustainability I Circularity I Lifestyle Sector
Thursday insights on #recommerce!
#Sustainability isn’t the only reason consumers are embracing non-new goods. What other motives are driving shoppers and brands to explore #recommerce options? 💰 Cost: 58% of consumers say shopping resale minimizes the impact of inflation. 🤝 Culture shift: 76% of survey respondents say the stigma behind used clothing is declining. 💻 Online options: 63% of used apparel shoppers last year made an online purchase, pointing to a shift away from traditional brick-and-mortar secondhand stores. Shout out to ThredUp’s 2024 Resale Report and OfferUp’s 2023 Recommerce Report for the findings! TLDR: Recommerce is vital to the future of retail, and we’re proud to be powering the ability for brands to introduce recommerce in the most efficient and simple manner possible. ♻
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Even though inflation has decreased for 12 consecutive months to 3 percent in June, 81 percent of consumers say inflation will impact their Back-to-School spending, according to Cotton Incorporated’s 2023 Back-to-School Survey. Shoppers will be looking for deals when they shop for BTS clothes, and that translates to good news for discounters. Two-thirds of consumers (66 percent) will be heading to mass merchants like Walmart and Target. Read the latest Lifestyle Monitor™ column to learn more about where consumers plan to shop and what they will be buying this Back-to-School season. https://lnkd.in/dFkPN_Sg #CottonIncorporated #LifestyleMonitor #BackToSchool #Inflation #Shopping #Fashion #Retail #BTSClothes
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With the rise of fast fashion, more and more people are opting for the convenience of having their favourite brands delivered straight to their door. The COVID-19 pandemic prompted a surge in online shopping, leading to a rapid acceleration in the shift to e-commerce. #didyouknow #ukcourier #nationalcourier #onlineshopping #ecommerce
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♻️ The ReCommerce market is projected to hit $350 billion by 2028 in the apparel sector alone. With challenges like lower customer spending and rising operational costs, ReCommerce offers a significant opportunity to boost net profit margins and profitability through unified commerce execution. Discover how to leverage this trend for your business success here ➡️ https://lnkd.in/dRXezyD5 #recommerce #unifiedcommerce #sustainability #retail #sustainablefashion
The ReCommerce Revolution: a $350 billion market by 2028 in apparel alone
https://www.openbravo.com/blog
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With the rise of the online shopping industry in the country, the popularity of fast fashion continues to grow exponentially. While this offers consumers a way to keep up with trends and purchase new clothing at affordable prices, this growth has also been associated with environmental concerns due to its high turnover of inexpensive clothing items, contributing to waste accumulation and increased carbon emissions. #fastfashion #retailindustry #shopping #environment #factfriday
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A new study focused on the retail industry in EMEA reveals 51% of shoppers believe that checkout is the area #retailers should fix to improve their experience, with 35% of shoppers abandoning their shopping cart as they perceive the checkout process to be too long. The Unified Commerce Benchmark for Specialty Retail assessed three retail verticals -- #apparel and #footwear, home and DIY, and luxury -- and five countries (France, Germany, Italy, UK, and the Netherlands). Read more: https://lnkd.in/eJyUv5Bc #retailindustry #retailtechnology #unifiedcommerce
Half of shoppers see checkout as the area retailers should improve, Manhattan finds - InternetRetailing
https://internetretailing.net
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📱 ➡ 👕 Online clothes shopping, by SA's main market, has increased by 14% in nearly a year! Online shopping is becoming more and more accessible. Some really interesting insights derived from this research done through the #moyaquiz. Find the full report in the post below and reach out to me if you want to learn more about accessing SA's main market via MoyaApp #retailtrends #onlineshopping #marketresearch #consumerbehaviour #gamification #moyaquiz MoyaApp
🔍 Shifts in clothing purchasing behaviour by SA’s main market Ever wondered how the shopping habits of SA's main market have evolved, especially in the realm of fashion? Our latest report, derived from the Moya Quiz, collected data from 10,000 consumers 10 months apart. 🏪 Online vs. In-Store Shopping: A significant surge in online shopping, jumping from 5.3% to a notable 19% in 2024. 💵 Payment Preferences: An increase in the use of store or bank credit by 4.6%. 👚 Favourite clothing stores: Out of the store options provided, Mr Price remains most popular, whereas, Ackermans has seen the biggest increase of 10.6% To find out more about how to engage with the main market of SA, contact MoyaApp here: https://lnkd.in/eQvHwd_E iMali Quiz #consumerbehaviour #retailtrends #onlineshopping #southafricanfashion #marketresearch #gamification #moyaapp #moyaquiz #moyaquizresearch #datafree
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🚀 Exciting Insights from Our Latest Research! 🚀 iMali Quiz, in collaboration with MoyaApp, has unveiled transformative insights into South Africa's main market clothing purchasing behaviors. Through our latest report, we've captured pivotal shifts over 10 months, engaging 10,000 consumers to understand evolving fashion trends and shopping habits. Here's a glimpse of our findings: 🔵 A significant leap in online shopping, soaring from 5.3% to 19% in 2024. 🔵 A rise in the preference for store or bank credit by 4.6%. 🔵 Mr. Price leads in popularity among the stores surveyed, while Ackermans enjoys a remarkable 10.6% surge in customer preference. This study showcases the iMali Quiz platform's unparalleled potential to garner focused, insightful user participation in campaigns, enriching market research with unparalleled accuracy and depth. Looking to tap into this goldmine of user engagement and precise data collection for your campaigns? Reach out to us, and let an iMali Quiz specialist guide you on leveraging our platform to its full potential for your business needs. #iMaliQuiz #MarketResearch #ConsumerBehaviour #OnlineShopping #SouthAfricanFashion #DataInsights #Engagement #Innovation
🔍 Shifts in clothing purchasing behaviour by SA’s main market Ever wondered how the shopping habits of SA's main market have evolved, especially in the realm of fashion? Our latest report, derived from the Moya Quiz, collected data from 10,000 consumers 10 months apart. 🏪 Online vs. In-Store Shopping: A significant surge in online shopping, jumping from 5.3% to a notable 19% in 2024. 💵 Payment Preferences: An increase in the use of store or bank credit by 4.6%. 👚 Favourite clothing stores: Out of the store options provided, Mr Price remains most popular, whereas, Ackermans has seen the biggest increase of 10.6% To find out more about how to engage with the main market of SA, contact MoyaApp here: https://lnkd.in/eQvHwd_E iMali Quiz #consumerbehaviour #retailtrends #onlineshopping #southafricanfashion #marketresearch #gamification #moyaapp #moyaquiz #moyaquizresearch #datafree
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Head of Media Sales at MoyaApp Let's connect your business to the super-app that offers #datafree messaging and a whole range of other #datafree content to over 6.5 million monthly active users in South Africa.
Some interesting things coming out of this report highlight consumer behavior. Take a look
🔍 Shifts in clothing purchasing behaviour by SA’s main market Ever wondered how the shopping habits of SA's main market have evolved, especially in the realm of fashion? Our latest report, derived from the Moya Quiz, collected data from 10,000 consumers 10 months apart. 🏪 Online vs. In-Store Shopping: A significant surge in online shopping, jumping from 5.3% to a notable 19% in 2024. 💵 Payment Preferences: An increase in the use of store or bank credit by 4.6%. 👚 Favourite clothing stores: Out of the store options provided, Mr Price remains most popular, whereas, Ackermans has seen the biggest increase of 10.6% To find out more about how to engage with the main market of SA, contact MoyaApp here: https://lnkd.in/eQvHwd_E iMali Quiz #consumerbehaviour #retailtrends #onlineshopping #southafricanfashion #marketresearch #gamification #moyaapp #moyaquiz #moyaquizresearch #datafree
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Hey, apparel brands! What % of your shoppers are shopping signed-in? On average, our apparel brands see 19% of shoppers creating accounts before Status. In just their first month, many DOUBLE their sign-in rates. Automatically enrolling shoppers in loyalty & growing marketing lists. Learn more 👉 https://hubs.la/Q028c-M10 --- #ShopifyPlus #CustomerAccounts
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