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How U.S. Brands Can Get a Piece of the $115B+ Singles’ Day Opportunity

Retail TouchPoints

The more contemporary appellation for the massive Chinese shopping extravaganza is apparently Double 11 or 11.11 (pronounced “Eleven, Eleven.”) Alibaba’s sales have increased every year since the event debuted in 2009.). Global Shopping Festival , and they would know given that the ecommerce giant was the event’s original architect.

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Cryptocurrency: The good, the bad and the ugly

Inside Retail

It took 70 years until they started accepting credit cards in Australia, but less than another 15 years for the beverage giant to announce, in June 2020, that their 2000+ vending machines across Australia and New Zealand would accept Bitcoin for payment. Bitcoin was the first major cryptocurrency, created in 2009.

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NFTs will Bridge the Gap Between the Real World and the Metaverse

Retail TouchPoints

The retail store, on the other hand, appeared further down the road in ancient Greece, where merchants sold goods in the Agora city center. Thousands of years later, in 2009, the market for digital assets arose. And, some major publishing companies are closing shop on their NFT marketplaces.

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A retail expert weighs in on Alibaba and JD.com’s approach to Singles Day

Inside Retail

As China’s economy grapples with the aftermath of the pandemic, e-commerce giants Alibaba and JD.com are pulling out all the stops for their annual Singles Day shopping festivals, with both players set to unleash an unprecedented level of discounts and deals. Started by Alibaba in 2009 with just 27 brands, 11.11

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How Tmall Global is overcoming the challenges of China’s zero-Covid policy

Inside Retail

Back in October, the online marketplace teamed up with global real estate giant Simon and Shop Premium Outlets to bring US brands to Chinese consumers through a series of livestream shopping events. Global Shopping Festival and throughout the holiday season. Global Shopping Festival and throughout the holiday season.

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Merchants call on Fed to cut debit card swipe fees

Mass Relators

WASHINGTON – The Merchants Payments Coalition on Tuesday called for the Federal Reserve to revise debit card swipe fee rules to reflect lower bank costs. The swipe fee regulations were adopted a decade ago, and a new Fed report shows that banks’ average cost of processing the transactions has since fallen by half.

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Choosing a Distribution Model: Drop Shipping vs Traditional Inventory

Retail Bound

From the manufacturers to the distributors, to your retail store – there are many factors and unexpected costs to consider during the shipping process that can be often overlooked. Drop Shipping Model Drop shipping is where a retailer markets a product, collects payment from the customer, and then orders the item from a supplier/wholesaler.