article thumbnail

Have Temu and Shein Thwarted Wish’s Hopes of a Comeback?

Retail TouchPoints

When it debuted back in 2010, Wish was the only game in town as far as manufacturer-direct discount shopping apps went. Doubling down on merchants outside of China. The company also signed a new partnership with South Korean logistics provider Rincos to streamline processes for its Korean merchants and onboarded a number of U.S.

article thumbnail

Retailers ask Congress to give them the means to bypass Mastercard and Visa

Retail Wire

A group of more than 1,600 merchants is asking Congress to pass legislation that would give them the option of using networks other than Mastercard and Visa to process credit card transactions. Mastercard and Visa account for 77 percent of all credit card spending in the U.S., according to the Nilson Report.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

COVID-19 Has Transformed Wine Shopping. Here’s How Vivino Is Adapting

Retail TouchPoints

Vivino , an online wine marketplace and app, is capitalizing on this growth by doubling down on its user-driven ratings process and personalized tools and features. In 2010, when I founded Vivino, there was no easy way to pick out a good wine and I wanted to solve this using the opinions of wine drinkers — not individual critics.

article thumbnail

“The soil needs to be fertile for change”: Inside Freedom’s transformation

Inside Retail

Prior to leading Freedom, he was at Harvey Norman Ireland, which he transformed within a period of five years, guiding it out of deep losses following the Irish economic collapse in 2010. Why product is the ultimate source of value…and the problem with having an accountant at the top of a business.

article thumbnail

11 Things to Know About China’s eCommerce Market

Indigo 9 Digital

billion annual active customers last year while JD.com had 552 million active accounts in the year ended September 2021. More than a decade ago in 2010 JD.com started offering same day and next day delivery and claimed it was the first eCommerce company in the world to do so. Digital Payments. Alibaba has a 47.1% Alibaba had 1.3

article thumbnail

Jason & Scot Show Episode 296 – Guardian Baseball Co-Founder Matt Kubancik

Retail Geek

Scot: [8:17] Cool so you you were a e-commerce entrepreneur so you’ve done that then you did software-as-a-service so you get the check that off the box and then I saw on LinkedIn you’ve also been working with a turbo host so that’s actually getting into my world of cars now tell me tell me how you got into that one.