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How nostalgia and NFTs created a multibillion-dollar collectables market

Inside Retail

Nostalgia is a key factor While collecting is certainly not a new hobby, the market, as evidenced by the report, is growing exponentially in recent years due to a variety of factors. The pandemic certainly played a role, as people sought solace in nostalgic hobbies. billion total recorded in 2021.

Marketing 262
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How retail left the Baby Boomer generation and its “silver economy” on the table

Inside Retail

Kopanidis believes that brands have reduced this consumer group to a stereotype that does not want to engage in the lifestyles and hobbies that are so often attributed to Gen X, Millennial, Gen Z and now Gen Alpha.

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Toys ‘R’ Us to open immersive experience centre in Victoria next year

Inside Retail

Besides the Toys ‘R’ Us experience centre, the hub in Clayton will also house separate experience centres for Babies ‘R’ Us and Hobby Warehouse, which are all part of Toys ‘R’ Us ANZ Limited, previously known as Funtastic. Hobby Warehouse relaunched Toys ‘R’ Us as an online-only business in 2019. billion baby market.

Hobbies 130
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‘I find purpose and meaning in my work’: Dsmile founder Joseph Badr

Inside Retail

IR: Do you have any hobbies that help you switch off and stay balanced? JB: Maintaining a balanced and healthy lifestyle is important to me, and I have several hobbies and activities that help me achieve this. Being present with them and engaging in activities that we all enjoy is a great way to unwind and connect.

Hobbies 130
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Gamified and global: How Wish aims to compete with Amazon

Inside Retail

Gadgets, fashion, hobbies and home decor are among the top-selling product categories globally, with hobbies, home decor and beauty among the fastest growing categories in Australia and New Zealand. Some of the branded products currently sold on Wish include Kate Spade, Puma, Samsung, Sunbeam and Lenovo. Focus on discovery.

Hobbies 246
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Lacoste Japan advances towards a zero-party data strategy

Inside Retail

After the success of this campaign, the two companies will continue to work on new methods of collecting consumer data and improving customer engagement using zero-party data. They were able to link customer IDs and preference data like hobbies, tastes, and purchase intentions, to make the in-store shopping experience more customised.

Strategy 230
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BNPL firm Pay It Later faces wind-up order, as SMEs claim bills unpaid

Inside Retail

Colin Corcoran, owner of Command Elite Hobbies, told a similar story, alleging his firm is owed $170,000. A Current Affair reports co-owners Donald Graham and Thomas Hegarty are engaged in a legal dispute over the company’s future, with Hegarty petitioning the Federal Court to dissolve the firm.

Hobbies 130