Small Biz Trends

MAY 10, 2022

Canadian-based global eCommerce company Shopify says its merchants contributed 5 million jobs and $444 billion in global economic activity in 2021. Shopify merchants sold $25 billion worth of goods and services outside of their home countries. Small businesses accounted for $11 billion of the $25 billion.

Merchant Services 98

Merchant Services Accounting Shopping Marketing 98

Mass Relators

APRIL 25, 2024

household more than $1,100 last year, the Merchants Payments Coalition said. It’s time for the card industry to stop gouging American consumers and small businesses and compete to offer market-based, competitive fees. Congress needs to pass the Credit Card Competition Act to fix the broken credit card market.”

Merchant Services 52

Merchant Services Net Profit Payment Services Accounting 52

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

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. Media articles abound about the skyrocketing marketing dollars required to woo new consumers. And some 40% of declined shoppers will never try that site again.

Merchant Services 272

Merchant Services Returns Shipping Payment Services 272

Retail TouchPoints

JANUARY 26, 2021

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). Culled from this agile, iterative survey data, here are six things we learned consumers want from retailers heading into 2021: 1.

Consumer 312

Consumer Drop-Shipping Shipping Returns 312

Retail TouchPoints

DECEMBER 19, 2022

All of these retailers succeed by building hype around the launch, priming their loyal customers to place their order as soon as the product or service is released. To put this into perspective, Cowen Equity Research has predicted that the sneaker resale market will be worth $30 billion globally by 2030. Bots are available to rent.

Merchant Services 162

Merchant Services Payment Services Drop-Shipping Shipping 162

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.”.

Merchant Services 130

Merchant Services Payment Services Advertising Accounting 130

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.

Merchant Services 298

Merchant Services Advertising Shopping Drop-Shipping 298

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. Even outside of the holiday season, uptake in buy now, pay later (BNPL) services is exploding in the U.S.,

Consumer 264

Consumer Merchant Services Payment Services Drop-Shipping 264

Inside Retail

JUNE 19, 2022

The index – which combines Commonwealth Bank of Australia (CBA) payments data and Google Trends search information – regained ground after falling in April, with increases across seven of its 12 categories in May, including home buying, fitness & health and transport, alongside falls in entertainment, travel and insurance spending.

Merchant Services 130

Merchant Services Accounting Consumer Marketing 130

Inside Retail

FEBRUARY 9, 2023

In January, Chinese retail giant JD announced that it was shutting down its e-commerce operations in Indonesia and Thailand and would stop taking orders in both markets on 15 February. The company said it will continue to serve customers in global markets, such as Southeast Asia, through its supply chain infrastructure.

Merchant Services 130

Merchant Services Marketing Accounting Consumer 130

Retail TouchPoints

JULY 30, 2021

accounted for $5 billion of Alibaba’s total $74.1 products, combined with the sheer size of the Chinese market, make the potential hard to ignore : “It’s an opportunity for Western brands to find a faster-growing market than the one they’re currently operating in. The China market is very different than the U.S.

Merchant Services 279

Merchant Services Accounting Social Commerce Payment Services 279

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. TikTok Shop is currently available in the UK and a number of Southeast Asian markets. Benefits far outweigh the drawbacks.

Social Commerce 264

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 Successful attacks rose 52% and 45% in those markets respectively. compared to $3.13 prior to the pandemic.

Merchant Services 52

Merchant Services Payment Services Customer Experience Accounting 52

Retail TouchPoints

JANUARY 11, 2022

Retail TouchPoints recently partnered with Amazon Web Services on a survey of 500 retail and brand executives and found that the vast majority ( 84% ) have incorporated CSR in some way into their business strategies, largely because they think it is the right thing to do ( 72% ). of purchases.

Consumer 317

Consumer Merchant Services Fashion Accounting 317

V Count

SEPTEMBER 15, 2022

A modern POS system lets you accept customer payments at a specific location or on the go and can help you track your sales in an efficient way. All clover devices come with built-in software to help you accept payments, offer customer rewards, manage employee schedules, and more. You can manage it all from one place.

Merchant Services 98

Merchant Services Payment Services Inventory Management Planning 98

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. Second, purchase amounts are twice that of credit card purchases.

Merchant Services 96

Merchant Services Payment Services Shipping Wholesale 96

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

Shopping 173

Shopping Shipping Merchant Services Consumer 173

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. So, there is up and downs, just like other markets. Shopify Says Its Merchants Have Created Nearly 5 Million Jobs.

Merchant Services 98

Merchant Services Accounting Marketing Management 98

V Count

SEPTEMBER 15, 2022

A modern POS system lets you accept customer payments at a specific location or on the go and can help you track your sales in an efficient way. All clover devices come with built-in software to help you accept payments, offer customer rewards, manage employee schedules, and more. You can manage it all from one place.

Merchant Services 92

Merchant Services Payment Services Inventory Management Planning 92

Retail TouchPoints

FEBRUARY 21, 2023

How 2022 Upended Digital Marketing While social sites have for several years now been trying to crack the nut of enabling commerce directly in their platforms, success has remained elusive, and advertising is still the primary vehicle for social commerce today. billion in quarterly revenue representing an almost 8% decline from Q4 2021.

Social Commerce 235

Social Commerce Advertising Merchant Services Shopping 235

Retail TouchPoints

JULY 21, 2020

Retailers should prioritize their search efforts around core tasks that can benefit organic search visibility while also having a wider positive marketing impact. Looking ahead, Google has already signalled that it plans to take account of additional factors related to page experience to help it determine organic search rankings.

Merchant Services 190

Merchant Services Sporting Goods Accounting Shopping 190

Retail TouchPoints

JANUARY 30, 2023

And in 2021, the global value of voice-assisted ecommerce transactions amounted to almost $5 billion , with Statista projecting that that figure would grow 4X by the end of this year. Additionally, this approach opens up the Alexa ecosystem to all merchants, even those that don’t sell on Amazon.

Merchant Services 162

Merchant Services Beauty and Health Payment Services Returns 162

365 Retail

NOVEMBER 14, 2022

As the supply chain issues and labour shortages that defined the 2021 festive period are more or less resolved, the opportunity for a strong peak period presents itself. But the peak season sales market is a competitive one, so getting ahead of the game and understanding your customer’s wants and needs is critical.

Merchant Services 57

Merchant Services Payment Services Inventory Management Fulfillment 57

A1 Retail

MAY 13, 2022

Klarna, a leading global retail bank, payments, and shopping service has announced the launch of its Virtual Shopping offering, bringing the best of in-store to the online experience. The launch builds upon the successful acquisition of Hero, a social shopping platform and leader in virtual shopping services, last year.

Merchant Services 52

Merchant Services Shopping Payment Services Consumer 52

Retail TouchPoints

MAY 16, 2022

Buy now pay later (BNPL) is one of the largest, fastest-growing and most well-funded segments in the fintech market. 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. It’s not hard to understand the appeal.

Merchant Services 206

Merchant Services Payment Services Accounting Consumer 206

Store Growers

MAY 4, 2023

For example, GTINs can be added as a product attribute in Google Shopping – this improves many Google services, including: Providing more relevant matches for product queries; Quickly identifying counterfeit products or otherwise illegitimate offers, etc. You can use the GS1 service known as GEPIR to find out who is the original GTIN holder.

Merchant Services 36

Merchant Services Payment Services Shopping Checkout 36

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.

Advertising 52

Advertising Merchant Services Payment Services Finance 52

Retail Geek

AUGUST 29, 2023

So it’s been a very dry IPO market for startups and thus of interior backed investors. And you know a lot of people have been rooming that instacart would be out there there’s a couple other companies in this kind of unicorn Stratosphere stripe is another one that we cover a lot on the show from the payments world.

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.

Fulfillment 52

Fulfillment Drop-Shipping Merchant Services Advertising 52

Inside Retail

MAY 17, 2022

The industry’s latest move: accepting cryptocurrency as a form of payment. In August 2021, German streetwear brand Philipp Plein became the first fashion brand to accept cryptocurrency at its new crypto concept store in London. Since the beginning of this year, a number of brands have begun to process crypto payments in-store.

Merchant Services 243

Merchant Services Payment Services Advertising Returns 243

Retail Geek

NOVEMBER 29, 2023

The hosts touch on the resale market and the growing popularity of Buy Now, Pay Later (BNPL) options and mobile wallets. So that’s 17.5 thousand new merchants. [4:58] 4:58] And then he said, in total, 55 thousand merchants set their all-time daily record on Black Friday.

Merchant Services 69

Merchant Services Payment Services Consumer Shopping 69

Indigo 9 Digital

FEBRUARY 28, 2023

New ultra fast fashion competitors like ASOS and Boohoo entered the market and did what Forever 21 did but better. Not only are these retailers fast to market with their trendy designs they are also skilled eCommerce operators. It wasn’t until a little over 10 years after Zara showed up in America did H&M open its first store 2000.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

Retail TouchPoints

AUGUST 18, 2022

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. By 2025, buy now, pay later is projected to account for 1.6% ($941 billion ) of global POS transaction value.

Merchant Services 272

Merchant Services Payment Services Consumer Point of Sale 272

Inside Retail

AUGUST 8, 2023

Super apps in Asia are trendy, and with good reason: they gather together a number of essential everyday services onto a single, easy-to-use platform. Sea, for example, provides an integrated suite of e-commerce (through Shopee), digital entertainment and financial services. Financial services accounted for $412.8

Merchant Services 130

Merchant Services Payment Services Accounting Finance 130

Mass Relators

JANUARY 20, 2023

In 1983, Vasos was a recent graduate from Western Carolina University, having earned his degree in marketing. 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. Vasos’ career in retail began in a manner as humble as the man himself.

Beauty and Health 52

Beauty and Health Store Layout Merchant Services Advertising 52

Indigo 9 Digital

MAY 6, 2022

trillion in sales, China has the largest eCommerce market in the world, by a large margin. If you are curious about the eCommerce market in China then consider these 11 facts about its size, competition and trends. The Chinese eCommerce market is dominated by several eCommerce giants, the largest of which is Alibaba.

Merchant Services 52

Merchant Services Marketing Payment Services Social Commerce 52