Taking too long? Close loading screen.
Connect with us

Tech

Sophie Hill on the changing face of retail and surviving 2020

Published

on

Threads is not your average startup and, really, it’s not a startup anymore. It’s over 10 years old, employs more than 150 people, and successfully bridged the Series A gap in Europe closing a round of $20M back in 2018. And so far, it’s surviving 2020. 

COVID-19 has put retail – and the rest of us – on a rollercoaster. For some it’s minted millions with captive audiences realizing that they really, really hate that couch and it’s finally time to replace it. For others, like Neiman Marcus, J.C. Penney, and J. Crew, it’s meant bankruptcy. Bankruptcy filings for 2020 are clocking in at 424, according to S&P Global, and look on track to upset the total filings in 2010. 

Threads finds itself heartily in the black on this one.

“We’ve definitely had a challenging year. When we look at Threads business model we’re set up to respond very quickly and we have had a strong year. We’re very much in the luxury sector, we specialize in the luxury clientele and we have not seen a decline in our existing customers,” Threads Founder and CEO Sophie Hill explains.

Despite predicting slower growth, Threads is actually attracting new customers many of whom have been hesitant to make the jump into digital, proving that the luxury market, and customer, is as robust as ever, “We have seen customers purchasing goods at our higher value price points which is actually down to the fact that the stores are closed.” 

While this might be the final nail in the coffin of brick-and-mortar retail, it’s bigger than that.

“People have been forced to go online, who might not have gone there as a first choice. Many people have found it easier than expected and a real lifeline in lockdown. I think that will hugely change trends,” Hill says. With an evermore competitive retail market, what can help brands stand out? 

For Threads, it’s all about the customer. That means meeting them where they are, be it WhatsApp, WeChat, Instagram (though we’ve yet to see the brand appear on TikTok) and delivering a seamless customer experience that centers on two key values: convenience and personalization. Above all, agility breeds resilience. 

Learn what channels are showing high engagement, the discovery process for new platforms poised to take the market, and strategies retailers both big and small can use to stay ahead of the curve in the interview below. 

Source

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Tech

Charge Your Phone Wirelessly With 50% off a Multifunctional LED Lamp

Published

on

Best Tech DealsBest Tech DealsThe best tech deals from around the web, updated daily.

White Wireless Charge Lamp | $18 | Amazon | Clip coupon + code ABC88699
Black Wireless Charger Lamp | $20 | Amazon | Promo code ABC88699

When you’re ready to turn in for the night, you don’t want to forget to charge your phone— especially if your mobile device doubles as your alarm clock.

With this wireless charger lamp, you can make this crucial step of your nightly routine even easier by just setting your phone on the wireless charging pad and… well, that’s all there is to it!

Advertisement

Other functions include multiple lighting modes as well as a sleep timer option for auto shut-off of the light after 30 or 60 minutes.

This lamp can be yours in white for $18 if you clip the coupon on Amazon (it’s below the original $40 price) and add promo code ABC88699 at checkout.

You can snag the black version for $20 using the same code—no coupon though, sorry.

Don’t sleep on this deal! Who knows how long stock or the coupon code will last?

Advertisement


Source

Continue Reading

Tech

Keep That Hotdish Hot With 65% Off a Luncia Casserole Carrier, Only $11 With Promo Code

Published

on

Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Luncia Double-Decker Dish Carrier | $11 | Amazon | Promo code SDDU9S7F

It has been a long time since the days we could safely have a potluck or other gatherings, but we have a fantastic deal perfect for once those times return. These double-decker Luncia dish carriers can be had for 65% off when you add promo code SDDU9S7F at checkout and clip the coupon on the site (it’s just below the price). These holders fit 9″x 13″ sized baking dishes.

Advertisement

That means you can insulate and keep two dishes of food warm for only $11 instead of $30. What’s more, your Luncia carrier will arrive by Christmas if you order today as a Prime member.

Just add promo code SDDU9S7F and clip the 5% off coupon to bring the price down to $11 for the blue or the grey option.

Advertisement

Grab this offer while it’s still around!


Source

Continue Reading

Tech

Conquer Your Pup’s Dander and Fur With $700 Off a Cobalt or Charcoal Bobsweep PetHair Plus Robot Vacuum

Published

on

Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Bobsweep PetHair Plus Robot Vacuum & Mop (Cobalt) | $200 | Best Buy

Bobsweep PetHair Plus Robot Vacuum & Mop (Charcoal) | $200 | Best Buy

Allergies can be bad enough as the seasons change. Don’t let pet hair and dander add to that by vacuuming it up early and often. That chore is easier said than done— unless you have a robot vacuum to do the work for you. This lovely bright cobalt Bobsweep PetHair Plus robot vacuum and mop, only $200 today at Best Buy seems like an ideal option. That’s a whopping $700 off, by the way.

Advertisement

You can get the same deal for the charcoal version of the robot vac, too. This model is not only specially made for picking up pet hair, it self docks and charges when it’s finished with the work.

It also comes with a mop attachment, so it can take care of those kitchen floors for you as well. Grab it while it’s still available for this fantastic price!

Advertisement


Source

Continue Reading

Trending