Inside Retail

SEPTEMBER 1, 2021

Founded in July 2020 and launched in February 2021, Refundid is a fintech tool designed to cut, or essentially eliminate, waiting times for refunds for products bought online. According to co-founder and chief product officer Joel Aaron, refunded cash can be in the customer’s account within as little as 30 seconds.

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Merchant Services Payment Services Returns Planning 130

Retail TouchPoints

JANUARY 26, 2021

In 2020, more than any year since the advent of online and mobile commerce, consumers lost a sense of control. Meanwhile, for merchants that had already built their businesses online before the pandemic, a larger addressable market buoyed most, but created scalability challenges for all (including Amazon).

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Consumer Drop-Shipping Shipping Returns 311

Mass Relators

APRIL 25, 2024

household more than $1,100 last year, the Merchants Payments Coalition said. Swipe fees amounted to $897 for the average household in 2021 and $724 in 2020. billion in swipe fees for Visa and Mastercard credit cards alone, which account for more than 80 percent of the market. billion, according to MPC estimates.

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Retail TouchPoints

NOVEMBER 4, 2021

31, 2021. “We’re toy industry sales increased 11% in Q3 2021 from 2020, according to the NPD Group , driven by price increases, a continuation of pandemic lifestyles and fewer promotions. Adobe reports that out-of-stock messages are up 172% compared to January 2020 and up 360% from January 2019.

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Consumer Merchant Services Payment Services Drop-Shipping 260

Retail TouchPoints

AUGUST 18, 2022

Buy now, pay later (BNPL) was the trendiest way to pay for all those lockdown purchases back in 2020. Most buy now, pay later offers are interest- and fee-free, unless customers miss a payment. consumers say they have used a buy now, pay later service, according to a recent study from The Ascent, a Motley Fool service.

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Merchant Services Payment Services Consumer Point of Sale 254

Retail TouchPoints

JANUARY 3, 2022

As early as February 2021, industry analysts predicted the year’s holiday ecommerce sales would climb to $206.88 billion, accounting for a record 18.9% Transmit Security’s own research found that 55% of consumers have left a website because the login process was too complicated. increase over last year’s ecommerce earnings.

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Merchant Services Shopping Customer Experience Accounting 270

Retail TouchPoints

AUGUST 5, 2022

Online fraud cost digital commerce merchants $27 billion in 2021 , so it’s no surprise that retailers have redoubled their focus on eliminating these threats. As just one example, Chewy was a pandemic winner, but the company spent more than half a billion dollars marketing to consumers in 2021.

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Retail TouchPoints

OCTOBER 21, 2021

We’re indifferent on where the shopping journey ends, where that transaction takes place ,” said Matt Madrigal, VP and General Manager of Merchant Shopping at Google in an interview with Retail TouchPoints. “It The result is a much lower barrier of entry for merchants looking to capitalize on Google’s massive reach.

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Retail TouchPoints

APRIL 5, 2022

When it comes to embracing ethical commerce and moving corporate social responsibility (CSR) strategies forward, Amazon Web Services (AWS) research shows that retailers and CPGs identify three primary hurdles to success. This category includes discount stores, mass merchants (“big box stores”) and businesses focused on specialty hardlines.

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Merchant Services Beauty and Health Returns Consumer 216

A1 Retail

JANUARY 19, 2022

Buy now, pay later (BNPL) transactions increased nearly 30 percent during the 2021 holiday period. The data showed that BNPL transactions peaked more than 43 percent in October as shoppers began their 2021 holiday shopping early. Within October 2021, a peak at 99 percent was recorded compared to the same period in 2020.

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Merchant Services Shopping Payment Services Consumer 40

Retail TouchPoints

JULY 22, 2021

2021 is set to be both, with an eager consumer base and historical precedent on its side. 2020 lasted 11 days , instead of the typical 24 hours, also helped greatly in boosting that number. The dates for 2021 have yet to be announced, but one thing is sure — expectations are high following the Year of COVID ecommerce boom.

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Merchant Services Consumer Shopping Accounting 328

A1 Retail

AUGUST 24, 2021

SME optimism is improving, as concern about the impact of the pandemic falls to its lowest point since February 2020. The quarterly SME Barometer combines billions of merchant transactions, processed by Barclaycard Payments, with research data to provide an in-depth look at the UK SME economy. Future-proofing.

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Merchant Services Payment Services Returns Outdoor 75

Retail TouchPoints

MARCH 2, 2021

So when ecommerce sales jumped 32% percent year-over-year as they did in Q4 2020, returns also went through the roof. By most accounts, consumers prefer to return in-store, avoiding the complications of printing labels, re-packaging products and traveling to the post office. That number was even higher in January 2021. “

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Returns Merchant Services Drop-Shipping Consumer 280

Inside Retail

AUGUST 22, 2021

Country manager for the company’s Australia/New Zealand territory David Boyer said that the changing habits towards increased consumer e-commerce spending – which developed over the course of the pandemic – have remained relatively undisturbed in 2021. The report itself is also available for download free of charge. “I

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Shopping Shipping Merchant Services Consumer 173

Inside Retail

JANUARY 12, 2023

In the US, social commerce is anticipated to double to US$80 billion in annual sales between 2021 and 2025, putting the US second only to China in social commerce, although China outsells the US by a factor of 10. Twitter Shops enables merchants to showcase up to 50 products on their Twitter profile. Consumers are ahead of brands.

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Social Commerce Beauty and Health Merchant Services Fulfillment 264

Mass Relators

AUGUST 26, 2021

ATLANTA — The amount of retail fraud, and its cost, has risen significantly over the past year, according to the 12th annual LexisNexis Risk Solutions 2021 True Cost of Fraud Study. retail and ecommerce merchants $3.60 increase since the 2020 survey conducted during the pandemic. since 2020, now at $3.02. compared to $3.13

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Merchant Services Payment Services Customer Experience Accounting 52

Small Biz Trends

MAY 13, 2022

Hurricane Ida pummeled the northeast coast for three days, September 1-3, 2021. They let you know what your customers like about your products and services and what they don’t. Shopify Says Its Merchants Have Created Nearly 5 Million Jobs. That’s an increase of 45% from 2020. in their marketing strategy.

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Merchant Services Accounting Marketing Management 98

Inside Retail

MAY 30, 2021

Globally, Asia dominates the e-commerce universe, accounting for over 50 per cent of all retail sales. However, online buying in the 60+ age group increased a staggering 25 per cent from September-November 2019 through to December-February 2020-21.

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Consumer Merchant Services Shopping Supermarket 147

Retail TouchPoints

NOVEMBER 15, 2021

billion in 2020, and total sales across all platforms (including Alibaba rival JD.com ) for the 11-day campaign topped $139 billion. In fact, the 2021 festival was marked by a noticeably muted tone compared to previous iterations, from the pre-event marketing through to the closing celebrations. The 13 th annual 11.11 billion ( U.S.

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Merchant Services Consumer Shopping Accounting 293

Independent Retailer

NOVEMBER 2, 2021

With only two months left of 2021, retailers should already be looking ahead to the new year for the newest trends, technology, marketing tactics, products, and solutions for improving their business. Crypto Payments Help Deliver a Competitive Advantage. First, up to 40 percent of customers that pay with crypto are new to the merchant.

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Merchant Services Payment Services Shipping Wholesale 96

Indigo 9 Digital

MAY 6, 2022

billion annual active customers last year while JD.com had 552 million active accounts in the year ended September 2021. In the fourth quarter of 2021 Alibaba generated revenues of $37.6 In 2020 90% of JD.com orders were delivered either on the same day the customer made their order or on the next day. billion in 2021.

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Merchant Services Marketing Payment Services Social Commerce 52

Retail TouchPoints

JULY 2, 2021

Executives from a who’s who of retailers, social networks and even advocacy groups shared their visions of retail’s future at NRF Converge 2021 , held June 21-25. Following the murder of George Floyd in May 2020, brands and retailers were eager to show solidarity and support. THEME 1: Actualizing Diversity and Inclusivity.

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Merchant Services Customer Experience Marketing Consumer 183

Indigo 9 Digital

MARCH 17, 2022

During Amazon Prime Day in 2020 third party sellers generated $3.5 Amazon did not disclose third party sales for Prime Day in 2021. We are significantly accelerating our investments in brand marketing, and we're projecting accelerated growth with Amazon for the balance of 2021 and beyond.” billion in sales. Think about this.

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Merchant Services Advertising Shipping Wholesale 96

Retail Geek

OCTOBER 29, 2021

Episode 279 is breakdown of Amazon, eBay, Shopify, and Snap Q3 2021 earnings, and a discussion of Rent the Runway’s IPO. October 28th, 2021. It was a rigorous process. A weekly podcast with the latest e-commerce news and events. We also discuss the Rent the Runway IPO. Transcript.

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Advertising Merchant Services Payment Services Finance 52

Retail Geek

AUGUST 29, 2023

1:24] And just to set it up the you know in my world of start-up land it has been very hard to get an IPO done so there’s been a couple post coated and like late 2020. Jason: [8:04] No I was just I was just thinking that they I assume they left it blank because the underwriters were out of practice.

Merchant Services 52

Merchant Services Grocer Advertising Payment Services 52

Retail Geek

FEBRUARY 3, 2022

Episode 286 is a hot take on Amazon Q4 2021 earnings. Amazon released their Q4 (and full year) earnings for 2021 on Thursday February 3rd. in 2021, which was just above the industry average of 17.9% In 2021 total revenue was $31.16B growing at 32% Year over Year. In this episode we do a deep dive into all the details.

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Mass Relators

JANUARY 20, 2023

where he led the operations teams and later served as a merchant. In 2008, these departments accounted for 12 to 16 feet of devoted shelf space. Having worked with Jeff for many years, I am confident in his leadership abilities and capability to lead Dollar General into our next chapter of growth and service,” Vasos said.

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Beauty and Health Store Layout Merchant Services Advertising 52

Indigo 9 Digital

FEBRUARY 28, 2023

Both of these stars have been seen modelling Fashion Nova clothing on their own Instagram accounts and Cardi B also has her own Fashion Nova clothing line. Shein has grown very fast becoming the most downloaded shopping app on iOS and Android in the United States in May of 2021 with Amazon coming in second.

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Retail Geek

JANUARY 7, 2022

Episode 284 is our annual predictions episode for 2021 and a recap of our 2021 predictions. 2021 Predictions Recap. Bonus – More store closures in 2021 than 2020. commerce penetration says at 16% or better in 2021. commerce penetration says at 16% or better in 2021. Jason Total Score: 3 of 5.

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Merchant Services Payment Services Drop-Shipping Apparel 98

Retail Geek

JULY 9, 2021

Shopify Unite 2021 Instagram leans into commerce Nike earnings Warby Parker IPO. Episode 269 of the Jason & Scot show was recorded on Thursday July 8, 2021. Jeff Bezos steps down Amazon offers it’s multi-channel fulfillment (MCF) to Big Commerce customers. Other News. Transcript.

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Retail Geek

DECEMBER 7, 2020

Episode 249 of the Jason & Scot show was recorded live on Monday, December 7th, 2020. Jason: [0:24] Welcome to the Jason and Scot show this is episode 249 being recorded on Monday December 7th 2020 I’m your host Jason retailgeek Goldberg and as usual I’m here with your co-host Scot Wingo. Transcript.

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Shipping Drop-Shipping Fulfillment Merchant Services 69

Retail Geek

AUGUST 1, 2022

Very profitable, doing really well you’ve got a smaller ad business super profitable doing really well growing rapidly AWS the cloud component now merchant services which is essentially the monetization of the, Center asset you had to build for the first piece. And as I mentioned at the top third-party one today.

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Merchant Services Consumer ATS Apparel 52

Retail Geek

MAY 28, 2021

last year) Burlington – Comps up 20% (shutdown e-commerce Q1 2020) Gap – Comps up 28% (up 13% vs 2YA). Episode 265 of the Jason & Scot show was recorded on Thursday May 27, 2021. Ulta – US Comps up 65.9% (up 7% from 2YA) Costco – US Comps up 18.2%, e-commerce up 41.2% Digital up 82% vs 2 YA. Transcript.

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Retail Geek

MARCH 11, 2022

your Share account so when your chair count goes up it puts a natural pressure downward pressure on your EPS number. [5:44] what happens is in many brokerage accounts you can’t buy a fractional shares so. Jason: [29:34] That may have something to do with I have the direct email to the feedback account. Scot: [29:38] Me.

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Drop-Shipping Shipping Fulfillment Merchant Services 52

Retail Geek

JANUARY 6, 2023

We cover many of the tactical challenges (onboarding SKUs, product content, fulfillment, and curation), as well as the opportunities of this new “CircularCommerce” space. Matt: [18:53] No no that I left before any of those kind of process integration initiatives occurred.

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Merchant Services Consumer Fashion Marketing 52

Retail Geek

MARCH 31, 2021

Episode 258 of the Jason & Scot show was recorded live on Monday March 29, 2021. Jason: [0:24] Welcome to the Jason and Scott show this is episode 258 being recorded on Monday March 29th 2021 I’m your host Jason retailgeek Goldberg and as usual I’m here with your co-host Scot Wingo. Transcript.

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Beauty and Health Apparel Merchant Services Marketing 59

Retail Geek

JULY 16, 2021

Episode 270 of the Jason & Scot show was recorded on Thursday July 15, 2021. Jason: [0:24] Welcome to the Jason and Scot show this is episode 270 being recorded on Thursday July 15th 2021 I’m your host Jason retailgeek Goldberg and as usual I’m here with your co-host Scott Wingo. Transcript.

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Merchant Services Marketing ATS Management 98