Inside Retail

JULY 6, 2021

In many ways, the switch to easy online retailing, with its lower operating models, has driven the retailing rebound. And it’s a powerful driver with ASX-listed BNPL providers processing about $10 billion worth of purchases in Australia and New Zealand, during 2019/20, according to the RBA. Until a payment is missed.

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Inside Retail

JUNE 17, 2021

million between March 2018 and 2019, and that it has failed to repay the total sum despite having made back-payments. This court action highlights that large employers face serious consequences if they do not prioritise workplace law compliance among other aspects of their business.”.

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Retail TouchPoints

JUNE 25, 2020

The negative impacts of counterfeiting are high: counterfeit products are estimated to have cost the global economy $323 billion in 2018. Amazon also has collaborated with brands and law enforcement to hold counterfeiters accountable through financial penalties, civil litigation and criminal prosecution.

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Inside Retail

OCTOBER 6, 2021

When Hannon Comazzetto started Australian re-commerce platform AirRobe in 2018, resale was still quite niche locally – pursued by a small but passionate group. In one click, customers can opt to repurpose their item and AirRobe facilitates the resale, rental, recycling, or donation of the product. “We

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Inside Retail

NOVEMBER 21, 2022

Established in Hong Kong in 2018 by Paris-born Julien De Preaumont, Le Dessert has quickly gained a reputation for its signature Pavlovas and Charlotte layer cake creations, as well as creative jar desserts and cookies. Customers in Hong Kong are very demanding and they have very high standards both in terms of product quality and service.

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Payment Services Wholesale Shipping Accounting 246

Retail TouchPoints

FEBRUARY 11, 2021

If the forecast bears out, this will be a major milestone for online commerce, marking the first time that digital sales will account for a majority of all retail sales in any country worldwide. It will also represent a big jump compared to 2020, when ecommerce accounted for 44.8% of the country’s total.

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Payment Services Accounting Shopping ATS 182

Inside Retail

OCTOBER 20, 2022

Brandbank owns and operates retail brands Seed Heritage, Kikki K, French Connection, Commonry, Fine Day and All Kinds. According to Pymnts , Bramman will be replaced by Nordstrom’s senior vice president and chief accounting officer Michael Maher from December 2, until a permanent replacement can be found. By Rakshnna Pattabiraman.

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Inside Retail

JANUARY 19, 2023

She will lead the wholesale and retail group, which has close to 120 independently owned and operated health food stores across Australia, and provides third-party distribution to over 500 independent health food stores across the country. The commitment included “making an immediate payment of €11.2 million (US$12.1

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Retail TouchPoints

JULY 22, 2021

More data processed gives way to more possibilities of data breaches. Similarly, Home Depot also faced a large-scale data breach in 2014, leading to over 56 million payment information being stolen. The shopping behemoth accounts for over half the ecommerce market on its own. billion back in 2018.

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Payment Services Consumer Customer Experience Accounting 303

Retail TouchPoints

JUNE 23, 2021

In 2018, 151 million conventional (non-bot) attacks were observed, and of these, 91 million were directed at online merchants. Others are so brazen that they use click-and-collect services in the branches of omnichannel stores, to pick up goods that they’ve paid for online with credit card credentials they’ve stolen. Machine Learning.

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Merchant Services Payment Services Shopping Checkout 149

Retail TouchPoints

AUGUST 7, 2023

And Wish, which held that top spot back in 2018, has now dropped out of the top 50 completely after having fallen to #35 as of last March. There are other troublesome indicators for the company: Q2 saw declines across the board at Wish. followed by former #1 Shein , now bumped down to the #2 position. (It

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Inside Retail

JULY 11, 2022

As Alejandro Osorio, Country Head of Grab Thailand, puts it, “We’ve seen this opportunity in the soaring demand for food and package delivery services that’s made our delivery partners with their delivery bags increasingly become a significant touchpoint. It is visible and widely accessible to consumers in all areas.”.

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Inside Retail

OCTOBER 18, 2022

This is where we see it heading, and what a connected omnichannel customer experience (CX) needs to account for in the behaviours and needs of customers adapting to their environment. To reach this vision, the shape of the market, society, and our environment will go through several key shifts. A reshaping population.

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Inside Retail

SEPTEMBER 6, 2022

They grew quickly, relatively unchallenged by local operators. billion in 2018-19 – gained a foothold in the sector by snapping up rival retail groups including 23 Fivimart supermarkets, 87 Shop&Go convenience stores and the smaller Queenland convenience-store chain, rationalising and rebranding the network under the VinMart banner.

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Inside Retail

JULY 13, 2022

In Australia, facial recognition technology is primarily used as a means of preventing theft and antisocial behaviour, but in other markets, such as China, there are examples of people using facial recognition as a payment tool. Another potential use case is around personalising customer service in stores.

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Payment Services Consumer Accounting Advertising 147

Inside Retail

JANUARY 16, 2022

Covid-19 changed the way we purchase products and services. In 2021, it was projected to generate $363 billion in sales, up 36 per cent, year on year, accounting for 13 per cent of total e-commerce sales. In Australia, new payment methods are making online shopping, especially transactions on social media, faster and easier.

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Social Commerce Beauty and Health Payment Services Accounting 130

365 Retail

DECEMBER 12, 2023

In a highly competitive global retail landscape, autonomous stores are an emerging force that addresses changing consumer behaviours, reduces operational costs, improves profitability, and powers revenue growth strategies. The new business models supported by autonomous capabilities provide a compelling value proposition for consumers.

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Payment Services Checkout Store Layout Inventory Management 59

Small Biz Trends

AUGUST 2, 2022

Business leaders can expect more incidents of attack surface expansion, data security breaches, digital supply chain attacks, ransomware attacks, distributed denial-of-service (DDoS) attacks, identity theft, and remote code execution attacks than in the previous year if they don’t take proactive cybersecurity measures.

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Payment Services Wholesale Finance Accounting 111

Mass Relators

MAY 16, 2022

SAN ANTONIO, Texas, — H-E-B has opened two more clinics offering comprehensive health care services. H-E-B has provided these services to employees and their families for many years and is now striving to be Texans’ one stop health and wellness destination. They accept cash, credit, and flexible spending account payments.

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Retail TouchPoints

AUGUST 22, 2023

Its primary purpose is to protect consumers by stifling sales of counterfeit, stolen and harmful products on online platforms — from ecommerce stores like Amazon, Etsy and auction sites to the many smaller marketplaces that may operate more locally or in niche categories. But compliance can be complicated.

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Inside Retail

OCTOBER 21, 2021

In 2018, China’s singles population reached 240 million, meaning that one out of every five people in China is single. There is not only the cost of the ceremony, but also grooms and their families are often expected to shoulder more of the costs and furnish new brides with items such as large cash payments, jewellery, property or cars.

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Payment Services Consumer Accounting Marketing 130

Retail TouchPoints

MAY 16, 2022

has grown by more than 300% per year since 2018, reaching 45 million active users in 2021. It’s clear this reverse layaway payment model is also here to stay. In BNPL, consumers receive the goods or services that they want to buy, but payment is staggered over monthly payments for a certain period of time with no interest.

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Merchant Services Payment Services Accounting Consumer 174

Retail TouchPoints

JANUARY 12, 2022

decrease from 2019 primarily driven by the decrease in single-site operators. To account for this rapidly evolving environment, savvy convenience retailers have focused on closing the gap between what consumers expect and what retailers can deliver. Focus on service. Contactless payment options are yet another big opportunity.

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Payment Services Wholesale Inventory Management Consumer 225

Inside Retail

MAY 17, 2022

The industry’s latest move: accepting cryptocurrency as a form of payment. In 2018, luxury watch makers Franck Muller and Hublot began offering exclusive timepieces that could be purchased only with Bitcoin. Since the beginning of this year, a number of brands have begun to process crypto payments in-store.

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Merchant Services Payment Services Advertising Returns 243

Retail TouchPoints

JULY 14, 2020

Riley : When I first came on board as CEO in February 2018, I wanted to get us out in front of a lot of consumers. We’ve created multiple Instagram accounts that target different parts of the world. To adjust for this volume, we have changed some fulfillment, shipping and customer service capabilities.

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Checkout Fulfillment Shipping Payment Services 190

Retalon

JULY 23, 2018

75% would shop more at a store that supports “just walk out” payments. You need to offer them the control to choose their preferred payment and delivery methods, and provide them a personalized and/or exclusive experience. Convenience: Spendsetters want fulfillment options that work for them.

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Consumer Payment Services Fulfillment Inventory Management 32

Retail Prophet

MARCH 24, 2022

Retailers have to start thinking that brands are their clients and that they are here to service them,” says Gindi. Effectively, it’s a marketing suite of services inside of a physical retail environment,” continues Melloul. You have to take into account values that might be different. The whole world is saying retail is dead.

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Fashion Payment Services Sporting Goods Returns 52

Retail TouchPoints

APRIL 7, 2023

Hackers heavily target financial and payment data in breaches. For example, implementing two-factor authentication login methods can increase customers’ account security. The annual global cost of cybercrime rose over 900% between 2018 and 2022, and it is only expected to continue to grow over the next several years.

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Planning Payment Services Accounting Consumer 222

Inside Retail

MARCH 21, 2024

With travel curtailed, home-bound, experience-starved consumers flocked to luxury shopping to lift their spirits and spend some of their discretionary funds accruing thanks to Covid-19 government assistance, stimulus checks, tax relief, suspended student debt payments and the pandemic-induced restrictions. What a difference a year makes.

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Jewelry Fashion Consumer Payment Services 228

Cisco Retail

JULY 11, 2022

From extortion to data breaches, ransomware is always evolving, and is becoming very lucrative with Ransomware-as-a-service kit making it easier to target organizations. Security Operations Centers (SOCs) and the security analyst community are dealing with a sophisticated global network of adversaries who can do irreversible damage.

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Payment Services Management Accounting Location 143

Retail Geek

AUGUST 29, 2023

Jason: [25:55] Well I mean a number of things so maybe just super high level what’s exciting to me like obviously a lot of this information about the business was not, publicly available so in the process of going public in issuing S1 they suddenly reveal a lot of things and they reveal things about.

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Merchant Services Grocer Advertising Payment Services 52

Indigo 9 Digital

NOVEMBER 22, 2022

Cash App started allowing users to make purchases in Bitcoin in 2018, making Cash App one the first mainstream payment apps to do so. In 2021 $10 billion worth of Bitcoin transactions flowed through Cash App and more than 10 million Cash App users have used the app to buy Bitcoin since 2018. from last year.

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Merchant Services Payment Services Retail Trends Accounting 52

Retail Geek

NOVEMBER 30, 2022

Scot: [6:12] And then that ASP increase is, does that account for mix shift so like you know if people buy more luxury goods than our and then another segment goes value could that factor into that ASP or you normalize for that in some way. Rob: [6:09] Yeah exactly it’s promising.

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Fulfillment Returns Shipping Consumer 52

Retail Geek

JUNE 16, 2021

You know I started getting really kind of curious about the food delivery space I’d say towards the end of 2018 I took a trip to India and I’ve been reading about ghost kitchens and while I was working in Tech I was making video content around food, and it was really kind of just like Food Tours kind of like Munchies style and I. [2:37]

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Inside Retail

MARCH 31, 2022

In the past five years, Shein has acquired Romwe, another Chinese e-commerce site operating in the US, and begun developing its own integrated supply chain, rivalling those of Zara, Fashion Nova, and H&M. At the time of writing, Shein’s official TikTok account has more than 3.7

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365 Retail

NOVEMBER 30, 2021

Away from the day-to-day running of Twitter, Dorsey went on to create mobile payment firm Square in 2009, after an old friend from his home town of St Louis found he was unable to sell some glass taps for about two thousand dollars because he had no way of accepting credit cards.

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