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Buy Now, Pay Later: Does it Work for your Online Retail Business?

Retail TouchPoints

Humans have been dynamically evolving the concept of loans and credit in commerce for hundreds of years — culminating in the explosion of consumer credit cards in the 20th century. consumers have now used a buy now pay later (BNPL) service. . consumers have now used a buy now pay later (BNPL) service. .

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Meta, Amex and TikTok Offer Holiday Help to Small Businesses

Retail TouchPoints

Last year, consumers reported spending more than $23 billion shopping small on Small Business Saturday, and we want to exceed that in 2022.”. It will integrate directly with Square’s solution ecosystem, empowering sellers to organize their finances and manage cash flow from the same platform they use to run their business.

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98% of European ecommerce consumers are using social media for product research

A1 Retail

Mollie reveals that economically ‘concerned’ consumers are relying more on social media, BNPL, and discounts when shopping online but expect to spend more in the next year Mollie , one of the fastest growing financial service providers in Europe, today unveiled findings from its second annual European Ecommerce Report.

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Leveraging A Chief Supply Chain Officer To Enhance the Retail Experience

Retail TouchPoints

Up until recently, it was rare for someone with a supply chain background to be elevated into the C-suite; the “CSCO” role (before it was invented) often fell under Finance, Procurement, Operations or other business functions. Enter the Chief Supply Chain Officer (CSCO). Embracing Technology.

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Consumer card spending grew just 3.1 percent in January as Brits opted for nights in and home-cooked meals

A1 Retail

However, pointing to improving optimism, consumers’ confidence in both their household finances and ability to spend within their means reached its highest point in over two years. percent), as UK consumers returned to their regular routines after the Christmas break. percent, yet higher than December’s growth of 2.3

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Why Your Retail Business Needs Credit Report Services

Retail Minded

Fortunately, various services can help keep your retail establishment afloat in stormy financial waters. One type of service that could be useful to small and mid-sized retailers is credit report services. What Are Credit Report Services? . To understand credit report services, it’s essential to know what it means.

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Has retail seen its watershed moment?

365 Retail

2020 was a year like no other, and the shockwaves caused by the pandemic have inherently altered consumer-facing operations at their very core. Rather morbidly, it’s entirely possible that many high-street branches and physical stores will close before the appetite for physical shopping returns.