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. As a result of these new approaches, customers now expect a secure, seamless shopping experience whether they are shopping in-person or online.

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Retail TouchPoints

DECEMBER 7, 2020

Black Friday Weekend vs. Spring 2020. The worst of the pandemic — the very bottom of the retail traffic journey — occurred the week of April 12, 2020, when year-over-year traffic was down 83%. That means seven out of the nine days were within range of the pre-Black Friday 2020 trend. But first, a little recent history.

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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. These “click-and-collect” sales are expected to jump 60% by the end of 2020, but that increase will come at a cost because customers aren’t the only ones waiting to take advantage.

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Retail TouchPoints

AUGUST 31, 2020

Retail’s Q2 2020 financial results saw a continuation of the trends that companies have been seeing for months: staggering upticks in online spend, greater interest in buy online, pickup in-store (BOPIS) and curbside services and a continued shift away from mall-based retailing. Electronics Stand Strong As Entertainment Budgets Shift.

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Inside Retail

APRIL 28, 2021

From TV shopping channels to online shopping, videos have demonstrated that they are the best method to connect with customers at the convenience of their own home. There is definitely a trend towards shopping and entertainment coming together, but the platforms are not fully integrated yet,” Bush told Inside Retail.

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Retail TouchPoints

JANUARY 3, 2022

billion, accounting for a record 18.9% Even worse, more than 87% of customers confirm they have been locked out of an online account due to too many failed login attempts. Verizon’s 2020 Data Breach Investigations Report revealed that 80% of hacking-related website breaches were linked to passwords.

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Retail Focus

MAY 24, 2021

In recent times, online shopping has been booming. In fact, according to a report from the Mastercard Economics Institute , consumers across the globe spent $900 billion more at online retailers in 2020 versus the prior two-year trend. Online shopping certainly has its benefits. Shopping online isn’t always best, though. .

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Retail TouchPoints

JUNE 4, 2021

All of Google’s new partnerships share a common goal: making it easier for merchants using platforms like Shopify to feature their products on Google channels, including Search, Shopping, YouTube and Images. “We In fact, the company reports that users already shop across its platform more than 1 billion times every day.

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Retail TouchPoints

JANUARY 10, 2022

drop in 2020. “It’s The rise in traffic compared to 2020 showed that shoppers are starting to return to stores. The top 10 days of the season accounted for 35.8% We appreciate the physical experience of brick-and-mortar and the value of shopping in-store. Additionally, in-store traffic was down only 19.5%

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Retail TouchPoints

NOVEMBER 29, 2021

. “We continue to see an evolution in how, where and when Americans are shopping during these unprecedented times,” said Todd Dipaola, CEO and Founder of InMarket in comments provided to Retail TouchPoints. That growth has already begun, with ecommerce gift cards accounting for 29.8%

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Retail TouchPoints

MARCH 30, 2021

One of my first jobs was at The Body Shop. It was the early 1990s, and the store was situated in a shopping mall. In addition to soaps that smelled like various types of fruit and lip balms in small pots, The Body Shop was known for its values. At the time, there was no online shopping. Processed with VSCO with a9 preset.

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Retail TouchPoints

JULY 27, 2020

Here are the top five ways retail will evolve in 2020: Loyalty Breaks With Tradition. Leading retailers recognize the need to build dynamic relationships that extend far beyond traditional loyalty programs heading into 2020. But what was a timely quip decades ago is now more relevant than ever.

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Retail TouchPoints

NOVEMBER 24, 2020

Major shopping days like Black Friday and Cyber Monday have traditionally been big days for cybercriminals, and they will continue to follow the money in 2020. Below are five tips for retailers looking to keep their networks more secure and better protect themselves this holiday shopping season: 1.

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Inside Retail

JUNE 20, 2022

There are times when you just shouldn’t be opening a new shopping centre. Realistically, the spending gap for Thailand’s many tourism-dependent shopping centres will not be filled until 2024 at the earliest, even then if certain factors are in alignment. Simon has repeated its successful formula for the premium outlet centre layout.

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Retail TouchPoints

DECEMBER 27, 2022

Ecommerce accounted for 21.6% Additionally, Black Friday sales rose 12% year-over-year, helping the shopping holiday retain its title as the top spending day of the holiday season. The payment company saw that online sales grew 10.6% compared to the same period in 2021. of total retail sales, up from 20.9% in 2021 and 20.6%

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Inside Retail

AUGUST 22, 2021

As shown in the study, Australian consumers have consistently reported lower spending hesitancy on e-commerce platforms since 2020 as a result of Covid-19. “In In Australia, more than half of consumers now say that they prefer to shop online instead of in stores since the pandemic,” says Boyer. “So

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Shopping Center

JULY 1, 2021

By Taj Adhav With everything retailers have endured since early 2020, ASC 842 is probably the last thing on your mind. However, you might… The post It’s Time For Retailers to Prepare for the New Lease Accounting Standard appeared first on Shopping Center Business. And that’s o.k.

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Retail TouchPoints

NOVEMBER 9, 2023

million, which is a 15% increase since 2020. With the increase of digital warfare, geopolitical cyberattacks are not only jeopardizing sensitive customer data but also eroding trust in online shopping globally. Regularly review and revoke access for users, API accounts and apps that no longer require access to the control panel.

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Retail TouchPoints

FEBRUARY 2, 2022

consumers said they shopped exclusively, or a lot, on marketplaces in both 2020 and 2021, according to research from Mirakl. Additionally, marketplaces account for 50% of the online shopping conducted by “power shoppers” that shop digitally once a week or more.

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Retail TouchPoints

APRIL 21, 2021

Pinterest also is launching multi-feed support for Catalogs, a new feature that will help businesses easily upload their products in multiple product feeds within the same Pinterest Business account. Shopify merchants, as well as any retailer with a Pinterest business account, can now add up to 20 product feeds to their account.

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Mass Relators

APRIL 13, 2021

grocery purchasing in 2020, consumers continued to favor store brands for about one of every four purchases across all major food and nonfood categories based on the industry’s latest annual sales data, says the Private Label Manufacturers Association. NEW YORK — As the pandemic brought unparalleled volatility to U.S.

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Retail TouchPoints

JANUARY 29, 2021

per person spent in 2020. in 2020 to $10.77 in 2020 to $10.77 Unsurprisingly, ecommerce will be the most popular destination for Valentine’s Day shopping, accounting for 39% of the total. Shoppers plan to spend an average of $164.76 , down $32 on average per person, compared to a record $196.31

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Retail TouchPoints

SEPTEMBER 2, 2020

In fact, alcohol was one of the fastest-growing categories in e-Commerce channels, according to Nielsen research : from the first week of March to June 27, 2020, online sales grew 309% over the same period year. This is likely due to their openness to shopping in-app, curious nature and desire to try new things.

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Retail TouchPoints

JANUARY 14, 2022

retailers sold in November 2020 increased 25% year-over-year , with an additional increase of 106.1% year-over-year in December 2020. . According to Digital Commerce 360 , in 2020 consumers spent $861.12 Gaining access to consumer accounts has increased, allowing fraudsters to purchase gifts on their dollar.

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Retail TouchPoints

APRIL 20, 2023

However, Amazon did say that through the pilot of ACX, it already has detected hundreds of matching accounts, where the same counterfeiter tried to create selling accounts on Amazon and at least one other store operator. “We We look forward to supporting this momentous effort with all of the tools that the IPR Center brings to bear.”

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Retail TouchPoints

APRIL 4, 2023

In 2022, Amazon said it stopped more than 800,000 attempts by bad actors to create new selling accounts, down from 2.5 million attempts in 2021 and 6 million attempts in 2020. Holding counterfeiters accountable legally. This is coupled with advancements in the company’s machine learning-based detection capabilities.

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Inside Retail

MAY 30, 2024

Halara is a fast-growing athleisure and lifestyle brand founded in October 2020 by Joyce Zhang, a technologist who previously led algorithmic projects at tech-centered companies like Microsoft and Hulu. The space will be open from 11 am to 7 pm and will be running from May 31 through June 9. What’s next for Halara?

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Inside Retail

APRIL 22, 2021

Looking ahead to the future of online shopping, three key trends in particular are likely to have lasting implications. Around the world, direct-to-consumer (D2C) brands are becoming mainstream — and they’re causing a major shift in where, when and how shopping is done. Direct-to-consumer selling. Fulfilment of the future.

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Retail TouchPoints

DECEMBER 30, 2021

In 2020, consumers spent approximately $630 billion on online shopping, and merchants lost $12 billion to fraud. Account takeover fraud, which is driven by impostor scams, increased by 50%, with no signs of slowing down in 2021. This approach can reduce fraud losses and improve the shopping experience for good customers.

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Inside Retail

FEBRUARY 4, 2024

million Australians shopped online, marking a new record. The momentum behind online spending, value and convenience-driven shopping choices, and demand for seamless and secure purchasing isn’t slowing down. Real-time account-to-account transfers on PayID enabled by the New Payments Platform (NPP) also increased.

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Retail TouchPoints

APRIL 14, 2023

store will soon offer the Amazon Dash Cart, a smart shopping cart that lets shoppers skip the checkout line altogether. The Amazon Dash Carts have been available at Amazon Fresh Stores since 2020 and are now rolling out to select Whole Foods locations — SouthGlenn will be the fourth. Additionally, the SouthGlenn, Colo.

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Retail TouchPoints

NOVEMBER 14, 2022

1, 2022, and the balance in the reserve account previously used to make payments on the loans is $862.12. The more than 3-million-square-foot shopping center has a troubled past, including more than a decade of construction before opening in October 2019, just months before COVID-19 forced it to shut down for an extended period.

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Retail Gazette

APRIL 5, 2024

A spokeswoman for Carpetright told the title it is “not in planning” for another CVA – a type of insolvency procedure used to close unprofitable shops or negotiate on rents. in the prior 18 months to October 31, 2020. In the 14 months to January 1, 2022, the company posted revenues of £372.6m down from £493.2m

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Retail TouchPoints

OCTOBER 6, 2020

The company expects the 10 busiest days to account for just 34.2% Brick-and-mortar retailers looking to maximize foot traffic need to continue adjusting their operations to account for the pandemic. The busiest shopping days are expected to be Black Friday (Nov. of all holiday traffic, compared to 46.5% in the week ending Sept.

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Retail TouchPoints

NOVEMBER 20, 2020

The new services include a virtual gift advisor and gift finder, virtual and curbside visits with Santa Claus and safe in-store holiday shopping options. This quiz is specifically aimed at generating a curated list of selections that shoppers can choose from, and it accounts for considerations like preferred price.

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Retail TouchPoints

MARCH 10, 2021

Fulfillment was a key driver during the ecommerce-driven final quarter of 2020. Amazon in particular invested more than $60 billion in shipping alone in 2020, helping it maintain blazing fast delivery times, but O’Shea believes its lack of a significant physical store footprint will cause it to lag behind the competition to some degree.

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Retail TouchPoints

JUNE 23, 2021

In 2020, data security specialist Varonis calculated that close to 10 billion data records had been lost or stolen since 2013 — a third more records than there are people. From a shopping perspective, the scene of the crime has evolved from the POS to the internet, and the number of victims is huge. alone, 19 per inhabitant.

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