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Study: Consumers Warm to Social Commerce, But Payment Mistrust Could Hamper Growth

Retail TouchPoints

The most common product categories purchased were: Video games and accessories ( 44% ); Toys and hobbies ( 29% ); Jewelry and watches ( 26% ); Apparel and accessories ( 25% ); and Books or audiobooks ( 23% ). after Google, accounting for 25.2% Ensuring a safe shopping experience is a critical part of any ecommerce operation.

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Mastercard Data: Holiday Sales Climb 3.1% YoY

Retail TouchPoints

year-over-year increase in both online and in-store retail sales, according to the Mastercard SpendingPulse , which measures sales across all forms of payment and is not adjusted for inflation. As in previous years, ecommerce grew at a faster pace than brick-and-mortar retail, but the latter still accounts for the majority of all sales.

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How Daniel’s Jewelers Designs Stores and Shopper Experiences for Hispanic Consumers

Retail TouchPoints

Joseph Sherwood founded Daniel’s Jewelers in 1948 to make jewelry more accessible for all families. Over the years the retailer has carved a unique space in the Hispanic market thanks to its unique approach to financing, in-store services and merchandising. Or they can take in a few trades over time to get that dream piece of jewelry.

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‘Swipe’ fees could cost Mother’s Day shoppers $750 million

Mass Relators

WASHINGTON – The “swipe” fees credit card networks and banks charge merchants to process transactions could cost consumers more than $750 million this Mother’s Day, according to the Merchants Payments Coalition. If all purchases were made with credit cards, swipe fees would account for $757.1 million of the Mother’s Day total.

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Exclusive: How Daniel’s Jewelers is Using Vision AI to Better Serve its Customers

Retail TouchPoints

In the more than 70 years since Joseph Sherwood bought a bankrupt jewelry store in Bell Gardens, Calif., Instead of a Midwestern twang maybe they have a Spanish accent, but their dreams, their hopes, what they want to accomplish, what jewelry means to them has not changed one iota in the last 75 years. ”

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Identifying the ‘Faces’ Behind Faceless Online Transactions

Retail TouchPoints

And in sectors with a high cost of acquisition and high margins (such as jewelry and luxury retail), merchants are willing to fully subsidize APRs. Digital fraud can take many forms, with the most common being account takeover ( 29.8% According to McKinsey, 53% of shoppers abandon their cart after just one payment decline.

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What luxury retailers need to know to succeed in the year ahead

Inside Retail

With travel curtailed, home-bound, experience-starved consumers flocked to luxury shopping to lift their spirits and spend some of their discretionary funds accruing thanks to Covid-19 government assistance, stimulus checks, tax relief, suspended student debt payments and the pandemic-induced restrictions. What a difference a year makes.

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