Retail TouchPoints

JUNE 15, 2022

based online sellers” are reportedly participating in the beta test of Buy Direct, but a source told Business Insider that Microsoft hopes the service will drive $25 million in gross merchandising value (GMV) by fiscal 2023, which ends June 30, 2023. Bing accounts for approximately 25% of total monthly search volume in the U.S.,

Merchant Services 294

Merchant Services Shopping Payment Services Advertising 294

Star Miconics

DECEMBER 29, 2023

Despite what you might have heard, operating a successful business depends on effective cash management. Yes, the use of digital payments is growing, and it’s not something to be ignored, but the relevance of material currency persists. Effective cash drawer management is crucial for profitability.

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Payment Services Accounting Management Location 83

Retail TouchPoints

FEBRUARY 16, 2023

CoStar Group, a commercial real estate firm, estimates there were a record-breaking 12,200 brick-and-mortar store closures in 2020 as a result of the pandemic. The Allure of Facial Recognition in Retail The retail industry is built on the ideal of service. Retail and hospitality industries were hit particularly hard.

Payment Services 220

Payment Services Shopping Checkout Customer Experience 220

Retail TouchPoints

OCTOBER 15, 2020

Over the past several months, retailers have experienced challenges and changes they thought they would never see in 2020. Mobile devices have become powerful payment instruments, on the way to replacing traditional cards for in-store purchases in many markets around the globe. And it’s clear that these shifts are here to stay.

Payment Services 131

Payment Services Planning Accounting Loss Prevention 131

Retail TouchPoints

AUGUST 29, 2023

That’s why the retailer and mobile service provider uses multiple technology solutions to create a personalized shopping experience at scale. Kurtzman revealed the numerous tools Verizon uses to manage this massive omnichannel effort. How does Verizon facilitate that type of shopper journey? Why is that so important?

Payment Services 221

Payment Services Accounting Customer Experience Point of Sale 221

Retail TouchPoints

JULY 14, 2021

Ap p le will reportedly team up with Goldman Sachs to launch its own buy now, pay later (BNPL) platform that lets shoppers make Apple Pay payments in installments, according to Bloomberg News. Apple plans to make Apple Pay Later available both in-store and online, a nod to the growing cross-channel popularity of BNPL services.

Payment Services 299

Payment Services Planning Accounting Marketing 299

Inside Retail

AUGUST 2, 2022

In its latest figures, the Australian Cyber Security Centre says that self-reported losses from cybercrime in Australia totalled $33 billion in the 2020-21 financial year. This is particularly true for card-not-present fraud, which accounts for the vast majority of issues, and increased by 12 per cent in the year to 30 June 2021. .

Merchant Services 147

Merchant Services Payment Services Accounting Management 147

Inside Retail

JANUARY 10, 2023

But, to what extent will customers hold the brand accountable for allegations of misconduct – especially when it offers a good deal? This process will ensure that – if the employees come forward at a later date – they can obtain back-payments by contacting the organisation. The brand is not seeking to recover any overpayments.

Payment Services 246

Payment Services Consumer Management Fashion 246

Retail TouchPoints

SEPTEMBER 17, 2022

Apparel and beauty companies accounted for 80.1% in 2020; A total of 13.7% in 2020; and Lenders’ profit margins fell to just over 1% of the amount of the loan in 2021, down from nearly 1.3% in 2020; A total of 13.7% with late payments, fees, etc.]. of BNPL transactions in 2019 but fell to 58.6%

Consumer 211

Consumer Payment Services Apparel Accounting 211

Retail TouchPoints

FEBRUARY 4, 2021

Before the NotPetya attack rampaged through Europe in 2017, affecting companies including FedEx and shipping giant Maersk, few people would have thought a vulnerability in a piece of accounting software could create such devastation. Conducting a cybersecurity audit of all suppliers is an essential first step to controlling risks.

Payment Services 298

Payment Services Shipping Accounting Management 298

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.

Merchant Services 250

Merchant Services Payment Services Consumer Point of Sale 250

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. The time is now.

Merchant Services 130

Merchant Services Payment Services Returns Planning 130

Inside Retail

JUNE 17, 2021

Many habits they developed during 2020 — such as shopping online through WeChat and making mobile payments — will become permanent. According to a 2019 study by McKinsey, young Chinese consumers will account for 65 per cent of the growth in luxury fashion and accessories globally heading into 2025. Retail the New Way.

Payment Services 113

Payment Services Fulfillment Specialty Retailers Social Commerce 113

Retail TouchPoints

NOVEMBER 20, 2020

As of mid-September, at least 27 major retailers had filed for Chapter 11 bankruptcy protection in 2020, compared to 17 in all of last year, according to Retail Dive. With the pandemic affecting everyone, there has been more transparency and open-mindedness among the various constituents in the process. 2: Extend your cash runway.

Payment Services 252

Payment Services Consumer Management Planning 252

Retail TouchPoints

JANUARY 14, 2022

trillion in 2020, while U.S. Additionally, total order count was up almost 10.45% from holiday 2020 levels, according to data from Klaviyo. As a result, Cyber Week 2021 accounted for 23% of total ecommerce spend, down slightly from 24% in 2020. But when it came to alternative payments, BNPL was the star.

Social Commerce 280

Social Commerce Fulfillment Drop-Shipping Payment Services 280

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

Payment Services 130

Payment Services Wholesale Finance Apparel 130

Inside Retail

MAY 25, 2021

“Brands alone can’t increase wages, we don’t control factories, yet we must recognise that we have a critical role to play and influence through our purchasing practices so we can either impede or facilitate progress on living wages,” said Rick Lambell, head of sustainable development at Kmart Australia, at the recent Global Fashion Agenda event.

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Payment Services Planning Fashion Apparel 219

Inside Retail

MAY 12, 2021

The Covid-19 pandemic has hit the leisure industry hard, but the recovery presents a once-in-a-lifetime chance for leisure service operators to reconsider their business models and seize opportunities to grab wallet share from customers who start to consume leisure services again. Pre-payment . Enhanced benefits .

Payment Services 182

Payment Services Shipping Consumer Accounting 182

Retail TouchPoints

NOVEMBER 4, 2021

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. Stressed Consumers Spread Out Spending with BNPL.

Consumer 259

Consumer Merchant Services Payment Services Drop-Shipping 259

Small Biz Trends

JULY 11, 2022

COVID entered most Americans’ consciousness in March of 2020 and had an almost immediate impact on many small businesses. Fortunately, one year later, a Bill.com survey showed that 75% of SMBs took actions ranging from price changes, new business models, new customer outreach, and new product offerings and services.

Payment Services 98

Payment Services Accounting Finance Consumer 98

Retail TouchPoints

SEPTEMBER 29, 2020

Retailers seeking guidance as they look ahead to an uncertain Q4 will find plenty of solid, practical advice in the 2020 Retail Strategy and Planning series of webinars, now available on-demand. As a result, many retailers must move beyond manual processes to calculate their sales tax obligations.

Payment Services 254

Payment Services Fulfillment Location Shipping 254

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. She has been with Cole Haan for the past nine years, including when it was part of Nike , in a combination of strategy, general management, ecommerce and retail leadership roles.

Finance 245

Finance Payment Services Accounting Returns 245

Retail Next

FEBRUARY 11, 2020

Though some companies have struggled to keep up, others are adapting and revolutionizing the way modern retail operates. The rise of e-commerce has encouraged businesses to rethink how they communicate with consumers and manage their supply chains. Here are some of the most significant retail shipping trends to look for in 2020.

Shipping 59

Shipping Drop-Shipping Payment Services Supply Chain Management 59

Inside Retail

NOVEMBER 28, 2022

Following in the footsteps of Instagram, which launched its shop in 2020, TikTok has entered the competitive space with its new shop function, enabling merchants, brands and creators to showcase and sell products directly to over 1 billion users through in-feed videos, LIVEs, and the ‘product showcase’ tab. Higher customer expectations .

Social Commerce 130

Social Commerce Merchant Services Payment Services Fulfillment 130

Retail TouchPoints

MARCH 3, 2022

billion on Cyber Monday 2020 , while Singles Day in November 2021 in China drove $139 billion in sales for two of that country’s major online shopping platforms. That includes frictionless payments and checkout and fast shipping options. Account takeover fraud trends pose additional risks. Consider that in the U.S.,

Merchant Services 219

Merchant Services Drop-Shipping Payment Services Shipping 219

Retail TouchPoints

AUGUST 23, 2021

claimed to continue operating normally in the wake of COVID, and their expected revenue changes compared to pre-COVID 2020 projects were -15.3%. Mobile also allows store managers to complete more orders and do other tasks from wherever they are. The VDC study found “almost 23% strongly agree and another 55.4%

Payment Services 262

Payment Services Location Customer Experience Management 262

Rangeme

APRIL 22, 2024

The application process is simplified, especially with well-organized inventory records, and loans are secured by the inventory itself, reducing the reliance on personal or business credit history. They expedite growth by injecting funds directly into the business operating account, eliminating the need to wait for slow cash cycles.

Payment Services 78

Payment Services Finance Promotions Marketing 78

Retail TouchPoints

FEBRUARY 3, 2021

Following the fall 2020 launch of its Amazon One contactless biometric palm reader in two Amazon Go stores, the retailer has rolled out the technology to a total of eight retail locations throughout the Seattle area, according to reporting in TechCrunch and other publications.

Location 282

Location Checkout Accounting Management 282

Retail TouchPoints

JULY 22, 2021

This has increased e-commerce’s share of global retail to 17% in 2020, up from 14% in 2019. 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. million by 2025, up from $431.6

Payment Services 304

Payment Services Consumer Customer Experience Accounting 304

Cisco Retail

OCTOBER 27, 2021

There were millions of ransomware attacks in 2020 and hackers continue to threaten a range of businesses including critical infrastructure, food producers, schools and even hospitals. Megablok’s attackers infiltrated the system to send customers fake invoices that looked legitimate but had an alternative banking account number.

Payment Services 144

Payment Services Finance Accounting Management 144

Inside Retail

FEBRUARY 29, 2024

An alum of payments platform Afterpay and fashion brands including Coach, Boohoo, and Bandier, McGrath’s hire signals the next phase of Rent the Runway founder and CEO Jenn Hyman’s attempts to reinvigorate the company. According to the brand’s third-quarter report released last December, revenue was $72.5 million, a 6.3

Fashion 130

Fashion Payment Services Inventory Management Consumer 130

365 Retail

MAY 7, 2021

2020 was a year like no other, and the shockwaves caused by the pandemic have inherently altered consumer-facing operations at their very core. over the six weeks of Christmas 2020, the worst-ever outcome. If services involve remote assistance, e-tailers should evaluate the software they are putting into use.

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Merchant Services Payment Services Returns Inventory Management 96

Inside Retail

APRIL 3, 2023

This aspiration-led consumption boost has the potential to provide a material fillip to discretionary consumption in years to come,” said Priyanka Khandelwal, fund manager at ICICI Prudential Asset Management. in 2020 and $389.3 versus $212.9 for China, data from CLSA showed. for China, the data showed.

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Beauty and Health Payment Services Consumer Finance 130

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 145

Small Biz Trends

DECEMBER 14, 2022

If you’re a small business owner, you know what an arduous undertaking it is to manage your taxes. The IRS offers certain tax deductions for small business owners to help make the process of filing taxes easier and more efficient. Rent and lease payments. You can also deduct a portion of your rent or mortgage payments.

Payment Services 130

Payment Services Accounting Advertising Returns 130

Inside Retail

APRIL 29, 2021

Amazon expects net sales in the quarter ended June 30, 2020, to be between US$110 billion and US$116 billion, an increase of between 24 per cent and 30 per cent year on year. Morningstar has predicted that Amazon will account for a quarter of online sales in Australia by 2030. They are now the default’. billion in 2019. “As

Payment Services 246

Payment Services Department Stores Checkout Supermarket 246

Inside Retail

JUNE 22, 2021

Consumers over 65 were the fastest growing group of online shoppers in the US in 2020, according to NPD Group’s Checkout Tracking, and they accounted for 30 per cent of goods purchased online in the UK last year compared to 20 per cent the year before, The Economist reported. Font size and payment options.

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Payment Services Department Stores Shopping Consumer 236