Inside Retail

JULY 27, 2023

Co-founder Martin Hosking returned to the business in March to lead it back to growth. Since his return, Hosking’s short-term goal has been to reduce its cost base and become profitable “as soon as possible.” Standard accounts are subject to a monthly account fee, while Premium and Pro accounts are not.

Accounting 242

Accounting Returns Management Marketing 242

Mass Relators

DECEMBER 14, 2022

WASHINGTON, December 14, 2022 – Consumers are expected to return more than $816 billion worth of retail merchandise purchased in 2022, according to a report released today by the National Retail Federation and Appriss Retail. As retail sales continue to grow, the average rate of return has remained flat at 16.5% to return fraud.

Returns 52

Returns Accounting Customer Experience Consumer 52

Inside Retail

JANUARY 24, 2022

May his soul Rest In Peace,” said a statement on Mugler’s official social media accounts. . The designer retired from the brand in 2002 before returning in 2013 as the creative adviser. “I will miss you Thierry Mugler, this was a wonderful time in our lives,” said Diana Ross on her Twitter account.

ATS 244

ATS Fashion Accounting Returns 244

Retail TouchPoints

FEBRUARY 23, 2021

“Our investments in digital innovation continued to pay off in the quarter, with digital sales up 21% from 2019. Digital accounted for 44% of net sales in Q4 2020, and the retailer also highlighted the fact that 25% of its digital sales were fulfilled from its brick-and-mortar stores via curbside pickup and same-day delivery.

Department Stores 211

Department Stores Returns Jewelry Apparel 211

Retail TouchPoints

OCTOBER 4, 2021

compared to the same period in 2019, showing significant growth since its exited from bankruptcy in 2018. However, the brand has yet to return to profitability despite its growth. members accounted for half its sales in the country in the first half of fiscal 2021. compared to the same period in 2020 and 3.4%

Jewelry 273

Jewelry Accessories Accounting Location 273

Retail TouchPoints

JANUARY 10, 2022

Mattress Firm has publicly filed for an IPO that will return the furniture retailer to the public markets six years after South Africa’s Steinhoff International took the company private. After going private in 2016, the chain hit a few bumps in the road, including an accounting scandal that saw the resignation of the current CEO.

Specialty Retailers 273

Specialty Retailers Accounting Location Returns 273

Inside Retail

MARCH 14, 2024

Revo Sunglasses return to independence Revo Sunglasses was founded by Nasa astrophysicist and optical engineer Dr Mitch Ruda who asked himself the question, what if we used the coatings that protect satellites to shield our eyes from the sun? “It billion in 2019 and generated US$3.48 per cent from 2021 to 2027.

Location 130

Location Wholesale Consumer Planning 130

Retail TouchPoints

AUGUST 19, 2020

Same-day services, including order pickups, drive-ups and its Shipt subsidiary, grew 273% and accounted for approximately six percentage points of total company comp sales growth. However, Target’s brick-and-mortar stores proved to be essential elements in the retailer’s overall growth, fulfilling more than 90%. of the retailer’s Q2 sales.

Fulfillment 316

Fulfillment Accounting Returns Consumer 316

Retail TouchPoints

SEPTEMBER 17, 2022

The bureau also released the Buy Now, Pay Later: Market Trends and Consumer Impacts report, which found that Affirm, Afterpay, Klarna, PayPal and Zip together provided 180 million loans totaling over $24 billion in 2021, a near tenfold increase from 2019. Apparel and beauty companies accounted for 80.1% in 2020; A total of 13.7%

Consumer 235

Consumer Payment Services Apparel Accounting 235

Inside Retail

APRIL 22, 2024

According to a recent Euromonitor report, while consumer food-service value nears pre-pandemic levels in 2024, dining-in at restaurants will not return to pre-pandemic level until 2028 in Asia Pacific. By 2028, delivery is expected to account for 23 per cent of Asia Pacific food-service sales, compared to 21 per cent in 2023.

Kiosk 147

Kiosk Fulfillment Consumer Accounting 147

Inside Retail

SEPTEMBER 26, 2022

Online sales, favoured during lockdowns, might have been expected to decrease as life returned to normal, however, the research showed the trend endured, accounting for 3 per cent of total sales in 2019 to 6 per cent in 2021. Sportswear is proving a strong and “safe bet” in menswear, the research concluded.

Department Stores 130

Department Stores Store Layout Fashion Returns 130

Retail TouchPoints

AUGUST 15, 2022

Following several years of pandemic-driven declines, shoppers are eagerly returning to stores, and that enthusiasm is being echoed in a new upswing in store openings and lease signings. And yet, a recent study from LeaseQuery , which compares the number and value of retail leases from 2019 to 2022, tells a slightly different story.

Payment Services 229

Payment Services Returns Consumer Accounting 229

Inside Retail

MAY 26, 2021

Abercrombie & Fitch reported a bigger-than-expected 61 per cent jump in first-quarter sales on Wednesday, as the apparel retailer benefited from shoppers returning to its stores and using its beefed-up online business.

Apparel 147

Apparel Accounting Returns Planning 147

Retail TouchPoints

APRIL 21, 2021

Buy now, pay later (BNPL) also thrived over the past year, rising nearly 78% to account for 1.6% Digital wallet usage is expected to account for 40.5% Mobile wallets surged 60% to account for 9.6% of brick-and-mortar transactions in 2019 to 11.4% ecommerce share in 2020, up from 23.7% of ecommerce spend.

Merchant Services 297

Merchant Services Payment Services Checkout Accounting 297

Retail TouchPoints

MARCH 1, 2024

For example, by specifically retargeting those customers who had added to their online carts over the previous 30 days, and spotlighting the specific items they had browsed or put into their carts, Natori achieved a Return on Ad Spend (ROAS) of 943% in Q3 2023. We also get end-to-end accountability in the supply chain.”

Department Stores 226

Department Stores Wholesale Finance Apparel 226

Retail TouchPoints

MAY 19, 2022

The company underwent several rounds of jobs cuts and a $200 million dollar restructuring in 2018, followed by an SEC investigation into its accounting practices in 2019. The last five years have been a turbulent period for the sportswear brand, which saw business begin to slide in 2017 following years of record growth. ”

Wholesale 267

Wholesale Accounting Returns Marketing 267

Retail TouchPoints

JANUARY 11, 2023

Microsoft is gearing up to take a bigger piece of the growing retail media pie with the debut of a suite of new capabilities through its PromoteIQ marketing platform, which the company acquired in 2019. alone by 2024, accounting for 20% of total digital ad spend, according to Insider Intelligence. “An

Advertising 294

Advertising Planning ATS Marketing 294

Inside Retail

NOVEMBER 22, 2022

In 2019, it brought in 233.5 billion at today’s exchange rates, accounting for close to a quarter of the revenue from the company’s department store business. This year, Isetan-Mitsukoshi projects sales to return to pre-pandemic levels and even beat the record set in 2018. trillion yen, still more than 10 per cent below 2019.

Department Stores 130

Department Stores Boutique Accounting Returns 130

Retail TouchPoints

JANUARY 20, 2023

Even more impressive, eMarketer expects it to nearly double, from $31 billion in 2021 to more than $61 billion by the end of 2024, when it will account for almost 20% of digital advertising spend. Having the data is one thing; using it to target ads, provide ad analytics and demonstrate a return on ad spend (ROAS) is another.

Advertising 274

Advertising Sporting Goods Boutique Returns 274

Inside Retail

APRIL 24, 2023

With the return of tourism to New York after pandemic-related declines, luxury retailers are again betting on refreshed flagships to drive consumer interest and traffic. million international visitors in 2019, according to the New York City Tourism and Conventions bureau. in the first quarter of 2019 to 3.8% billion in 2025.

Returns 130

Returns Accounting Location Management 130

Retail TouchPoints

NOVEMBER 3, 2022

But with every upside is a downside: as more people crowd store aisles, smaller retail staffs move a greater number of items, and retailer-owned or -leased trucks, vans and cars return to congested roads and highways, the potential for increased and costly accidents and injuries arises.

Accounting 274

Accounting Returns Management Advertising 274

Retail TouchPoints

NOVEMBER 11, 2022

Shoppers’ interest in ecommerce and omnichannel options remain elevated, but Amazon had experienced a massive surge in sales in late 2019 through 2021 that fueled hiring and new investments. A return to normalcy, combined with inflation, has caused shoppers to rein in their spending.

Specialty Store 199

Specialty Store Planning Accounting Returns 199

Retail Focus

JANUARY 24, 2023

The Bank of England has predicted that the United Kingdom is falling into a prolonged recession, with inflation not expected to return to its target level of 2% until 2024. Non-food retail was significantly down in 2022 when compared with 2019 figures. Market research shows retail food sales are expected to grow by around 5% in 2023.

Supermarket 130

Supermarket Accounting Marketing Returns 130

Retail TouchPoints

AUGUST 30, 2021

Retail rode strong into Q2 2021 as shoppers returned to stores even as digital sales remained elevated. I’m not an accountant, but stores are on the asset side of the balance sheet for a reason, and they need to be leveraged as much as possible to squeeze as much out of them as you can.”. compared to Q2 2019.

Consumer 324

Consumer Fulfillment Department Stores Sporting Goods 324

Inside Retail

NOVEMBER 8, 2021

Our analysis of shareholder ESG resolutions put forward in listed Australian companies between 2002 and 2019 finds they have increased in number, prominence and impact. Four industries – energy, banking, insurance and materials – accounted for 83.5% Shareholder ESG Resolutions per year. Freeburn and Ramsay 2021.

Finance 246

Finance Accounting Returns Marketing 246

Inside Retail

MARCH 28, 2023

According to the UN, Australia is one of the world’s top producers of e-waste, ranking fifth with almost 22kg of waste per person as reported in 2019. And the industry has noticed – several large electronics retailers have verticals within their businesses dedicated solely to refurbishing, repairing, and reselling returned products.

Returns 130

Returns Accounting Consumer Management 130

Retail TouchPoints

NOVEMBER 3, 2021

Sodipo most recently led Product Finance and Strategy at Stripe and will bring her expertise in payments to Glossier’s Accounting and Finance teams. The three flagship stores will mark Glossier’s return to the brick-and-mortar space after shuttering all its stores in March 2020 due to the pandemic.

Finance 260

Finance Payment Services Accounting Returns 260

Inside Retail

NOVEMBER 9, 2022

The figures indicate a fall in sales in all categories as consumers became able to return to in-store purchasing. Online sales are a key part of the equation, accounting for more than 20 per cent of total sales for some retailers, including JB Hi-Fi, Premier Retail and Myer. The online sales outlook. Australia Post reports 5.4

Payment Services 241

Payment Services Consumer Returns Accounting 241

Retail Gazette

APRIL 8, 2024

The onset of Ted Baker’s struggles coincide with the resignation of its founder and former CEO Ray Kelvin back in 2019, who stepped down after widespread allegations of misconduct that including ‘forced hugging’ of staff. But the brand’s problems predate Debenhams’ demise in 2020.

Department Stores 105

Department Stores Fashion Returns Accounting 105

Inside Retail

FEBRUARY 20, 2023

per cent in September 2022 only slightly above 2019 levels and well down from the 2020 high of about 24 per cent, suggesting that the amount of dry powder in consumers wallets is declining. Taking all this and the end of the reopening boom into account, consumer spending is set to grow by less than 2 per cent in 2023, down from over 6.5

Department Stores 246

Department Stores Returns Consumer Marketing 246

Inside Retail

OCTOBER 11, 2021

With occupancy rates under pressure, shopping-centre landlords have already reviewed property valuations to account for tighter rent market conditions and financial concessions required to retain key retail brands. Myer online sales increased by 28 per cent, to $540 million, in FY21, accounting for 20 per cent of total group sales.

Shopping 130

Shopping Consumer Accounting Department Stores 130

Small Biz Trends

JULY 6, 2022

The federal grand jury returned the indictment for the federal charges of wire fraud, money laundering and aggravated identity theft. Unsealed Indictment Returned. The indictment also alleges that Hayes claimed to have company expenses of $15,000 and equipment costs of $35,000 when the company had been inactive since 2019.

Accounting 98

Accounting Returns Planning ATS 98

Inside Retail

JANUARY 16, 2023

According to the research house, visitors to Malaysia can account for anything from five to 30 per cent of total footfall in malls, and 40 to 70 per cent of hotel guests.

Accounting 130

Accounting Returns Management Consumer 130

Retail TouchPoints

MARCH 3, 2022

Enhancements to its same-day delivery offering with the previously announced addition of product returns and Starbucks order pickup to its Drive Up service at select stores, as well as an expansion of the backup item option for more categories.

Payment Services 235

Payment Services Shopping Planning Fulfillment 235

Retail Gazette

FEBRUARY 29, 2024

The retailers’ £750m joint business Ocado Retail has not met targets set out when the pair partnered back in 2019, according to Ocado. ” The news comes as Ocado’s full-year losses narrowed to £394m and it returned to profit on an EBITDA level. Click here to sign up to Retail Gazette‘s free daily email newsletter

Accounting 64

Accounting Returns 64

Retail TouchPoints

OCTOBER 29, 2020

Economists are predicting a flat or modest increase in holiday sales compared to 2019, but they expect a big increase in online holiday shopping. vs. 2019, when sales amounted to $145 billion. That leaves the retailer open to fraudsters who either take over a legitimate customer’s account or create a new fake account.

Merchant Services 153

Merchant Services Accounting Shipping Returns 153

Inside Retail

APRIL 28, 2021

As bricks and mortar retailing returns to pre-pandemic rates, business owners are left to question whether the traditional in-store experience suffices in this new, convenience-driven consumer world. While reducing both the economic and environmental cost of returns. The leading reason for return being wrong sizing.

Fashion 130

Fashion Returns Consumer Accounting 130