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Guarding the Retail Fortress: Cybersecurity Challenges and Network Interruption Risks

Retail TouchPoints

A network outage can mean lost sales in the short term, as shoppers simply move to another brand for that purchase, or losses in the long term if that customer does not return. The Evolving Threat Landscape Retailers increasingly rely on digital platforms for sales, inventory management and customer engagement.

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

Retail TouchPoints

Using BNPL, approved customers can defer payments at checkout — both online and in-store. In return, merchants pay a fee that varies from approximately 2% to 5% of the overall purchase price. When choosing the BNPL company you will provide at checkout, be sure to look into when you will get paid and any associated costs.

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Meet Nakedvice, the brand founded by best friends in the Sportsgirl stockroom

Inside Retail

The brand was co-founded in 2014 by best friends Sarah Miller and Jessie Gargan, who were 23 and 26, respectively, at the time. Other KPIs that the brand monitors include sales volumes across channels, overall revenue growth and the returns rate, which is crucial for maximising profitability and customer satisfaction.

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eCommerce and its Profitability Issue. Why its So Hard to Make Money

Indigo 9 Digital

If getting the order to you is expensive what about returns? This process of ordering and returning goods is very expensive. million on “refunds, returns, and discounts”. Since Casper launched in 2014 it has yet to make a profit. For categories like clothing and shoes the return rate is between 30% to 40%.

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One step ahead: Anticipatory design is the next frontier in personalisation

Inside Retail

One of the early, somewhat clunky, but delightful examples of contextual anticipatory design in retail was Amazon’s Dash button, which launched in 2014. This enables Me&u to pre-populate the order, removing the tedium of choice and speeding up the checkout process for the customer. A better way.

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Meijer is recognized as peerless regional chain

Mass Relators

And whether you’ve got 10 items in your basket or you have 100, it puts the control in the hands of the customer, making checkout extremely easy.”. Last year also brought the return of the Meijer LPGA Classic for Simply Give, which the pandemic cancelled in 2020. “So, it’s very convenient for our customers.

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How RFID Powers Retail: Past, Present and Future

Retail TouchPoints

Early adopters have proven that the technology can provide a significant return on investment. In fact, according to a recent Accenture study , 92% of the 50 North American retailers surveyed said they are either piloting RFID or have reached full adoption, up from 34% in 2014. RFID can raise inventory visibility up to 99%.