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How Retail Businesses can Reduce Credit Card Fees

Retail TouchPoints

Manage chargebacks effectively. A chargeback happens when the credited amount from the initial charge to your business checking account is reversed. Monitor your account regularly to prevent unexpected charges or rate increases. Negotiate directly with processors to secure better rates.

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The Body Shop Australia facing ‘cashflow crisis’

Inside Retail

The Guardian has quoted sources explaining that the money earned by the key overseas businesses during the peak trading period in November and December was paid into a global account, based in the UK – “a practice termed ‘cash pooling’”. Some 20 stores in New Zealand are also affected, managed by the Australian business.

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Why Retailers Need Cloud-Native Payment Orchestration: 5 Tips to Flexible, Scalable, Customized Payment Infrastructure

Retail TouchPoints

Surprisingly, how retailers manage and handle payments has not changed; it’s decisively stuck 20 years in the past. Meanwhile, the payment team is frustrated, accounting can’t scale efficiently under the demand to reconcile reports, and the retailer’s developer can’t stick everything together. 4) Scale for Simplicity.

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The Case For Subscription Service In CPG

Retail TouchPoints

The costs, as a percentage of net sales, for CPGs to serve their retail partners has been rising by an average of 40 basis points since 2006. Replenishment subscriptions, where consumers sign up to have everyday goods delivered on a regular basis, account for 32% of the subscriber population. The Next Big Move For CPGs: Going DTC.

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Amazon is Moving Beyond its Own Walls Like Never Before…What Will it Mean for Retail?

Retail TouchPoints

Last week, at the company’s fifth annual Accelerate conference for its third-party selling partners (which now account for 60% of its sales, by the way), Amazon continued down a path that it started on 24 years ago, when it first turned its website into a third-party marketplace.

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How Nana Judy founder started a $30m streetwear brand at 19 years old

Inside Retail

Coleman, who started Nana Judy in 2006 while working part-time in a local surf shop, identified the popularity of skate and surf brands across Australia. So he sold his car, emptied his savings account and named the business after his great-grandmother’s dalmatian.

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Aiwa brand up for auction, its parent bankrupt

Inside Retail

Hilco Streambank, a specialist in monetising intellectual property assets and distressed brands, said it had been retained to manage the sale, subject to bankruptcy court approval. Bids are being taken until October 4. Aiwa has manufactured audio products, including speakers, headphones, and stereo systems since 1951.