SmileDirectClub is trying to patent its entire retail ‘experience’

By Modern Retail

After review, Modern Retail has retracted this article

With restrictions easing, consumers are eager to spend money on travel again rather than discretionary goods. In an attempt to reclaim some of those spending dollars, retailers are creating opportunities to entice shoppers by teaming up with travel companies or building out their travel retail strategies.

Retail Revolution

Gen Z is flocking to buy now, pay later to beat inflation

Roughly one in four Americans have used BNPL, a means to finance a purchase over time that often comes with zero-interest or is fee-free if paid on time. Some BNPL experts anticipate that usage of the platforms could continue as inflation continues to rise, widening the risk for potentially overextended young consumers who are more likely than other generations to use the credit card alternative.

Retail Revolution

As budget-conscious shoppers hunt for deals, big retailers turn to resale

Secondhand marketplaces have taken a fair share of customers’ spending in recent years. In fact, the secondhand market in the U.S. is expected to grow more than double by 2026, climbing to $82 billion from $35 billion in 2021, according to ThredUp’s 2022 resale report. And with more consumers looking for more deals, resale programs are playing an increasingly important role for retailers to capture shoppers.

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