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

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. Mattress Firm first announced in September 2021 that it had confidentially filed to go public. In its fiscal year ended Sept. to hit approximately $4.4

Specialty Retailers 265

Specialty Retailers Accounting Location Returns 265

Retail TouchPoints

NOVEMBER 11, 2022

Additionally, Amazon has shut many of its physical stores aside from grocery, including bookshops and specialty stores, even though the retailer had a growth plan to nearly double its store footprint, according to people familiar with the plans.

Specialty Store 185

Specialty Store Planning Accounting Returns 185

Retail TouchPoints

OCTOBER 23, 2020

plans to shrink its store footprint by 350 locations as the retailer works to return to profitable growth in 2021, according to CNBC. Longer-term, the company plans to reconfigure its operations so that 80% of revenue comes from ecommerce and off-mall locations by January 2024. Athleta reported a 6%.

Returns 181

Returns Apparel Planning Accounting 181

Retail TouchPoints

MARCH 26, 2021

The move, which will include products sold both in-store and online, is part of an effort to rebuild JCPenney in 2021 as the basis for returning to solid growth in 2022. Shashoua also expects ecommerce, which now accounts for 20% of sales, to play a larger role moving forward.

Apparel 289

Apparel Accounting Returns Planning 289

Inside Retail

MARCH 13, 2023

In what the national property agency CBRE described as a ‘flash survey’, 83 per cent of Australian respondents across a snapshot of the Asia Pacific region indicated expansion plans. Retail sales on the rise, but inflation a factor According to the Australian Bureau of Statistics, retail sales in Australia grew by 1.9 billion in January 2023.

Returns 244

Returns Location Planning Accounting 244

Retail TouchPoints

SEPTEMBER 17, 2022

The Consumer Financial Protection Bureau (CFPB) is planning to start regulating buy now, pay later (BNPL) products. Apparel and beauty companies accounted for 80.1% of users charged at least one late fee in 2021, up from 7.8% of individual loans in 2021 saw at least some portion of the order returned, up from 12.2%

Consumer 221

Consumer Payment Services Apparel Accounting 221

Mass Relators

JANUARY 24, 2022

The fourth quarter of 2021 contributed 9% revenue growth and 1% unit growth over the prior year, according The NPD Group. It is spending in the here and now that lifted retail sales throughout 2021, offsetting challenges related to inventories, and higher average selling prices during the holiday shopping season.”.

Returns 52

Returns Consumer Accounting Shopping 52

Small Biz Trends

NOVEMBER 29, 2022

Set up a retirement plan. If your business doesn’t have a qualified retirement plan, you have until the extended due date of your 2022 return to set up and fund the plan. The sooner you act, the quicker you…and your employees covered by the plan…will begin to accrued tax-deferred income for retirement.

Payment Services 137

Payment Services Planning Accounting Returns 137

Retail TouchPoints

NOVEMBER 3, 2021

The beauty brand is adding three new executives to its team: a CFO, an SVP of Retail and the new position of Chief Commercial Officer, who will help the team develop its plans for the future. Sodipo most recently led Product Finance and Strategy at Stripe and will bring her expertise in payments to Glossier’s Accounting and Finance teams.

Finance 253

Finance Payment Services Accounting Returns 253

Retail TouchPoints

MARCH 14, 2023

increase in organized retail crime incidents in 2021, and soon to come 2022 figures are expected to continue the trend. These smart systems can help enhance security and prevent shoplifting occurrences by repeat offenders, as well as gather invaluable anonymized data to inform marketing and store planning decisions.

Accounting 224

Accounting Returns Customer Experience Consumer 224

Inside Retail

MAY 17, 2023

Domino’s Pizza Enterprises Ltd intends to deliver significant growth over the next decade, with plans to operate more than 7250 stores by 2033, with an interim goal of five stores per franchisee,” Meij said. Burness took on CEO role in 2021 Burness came into the CEO role just over 18 months ago after a 30-year career with Domino’s.

Returns 130

Returns Management Marketing Accounting 130

Retail TouchPoints

AUGUST 24, 2021

Evolution is essential to retail success, even when you’re on top — a maxim Ulta Beauty has embraced over the past year as the industry reinvented itself a rapid pace, according to Kecia Steelman, COO, President of International during her opening keynote at retailX 2021. Hiring is just one part of Ulta’s commitment to diversity.

Returns 289

Returns Shopping Accounting Location 289

Retail TouchPoints

JULY 26, 2022

In fact, Salesforce has already predicted that the modest growth of the 2021 holiday shopping season could foreshadow this year , with Q1 data showing a 3% YoY decrease in global digital sales. and shoppers placed 12% fewer orders worldwide compared to the same period in 2021. plan to start buying gifts earlier – the No.

Drop-Shipping 284

Drop-Shipping Fulfillment Consumer Shipping 284

Retail TouchPoints

FEBRUARY 4, 2021

Amazon is seeing returns on its sustainability investments, particularly for its electric delivery van pilot and machine learning (ML)-powered reductions in packaging weight. Last year, Amazon delivered more than 20 million packages using electric vehicles, and the retailer plans to continue building on this momentum in 2021.

Shipping 174

Shipping Accounting Returns Planning 174

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. For example, textiles, clothing and footwear sales were down from 2019 but slightly up compared to 2021 sales volumes.

Supermarket 130

Supermarket Accounting Marketing Returns 130

Inside Retail

JANUARY 7, 2024

Between June 2020 and June 2021, Peloton – an at-home cycling brand – gained an additional 1.24 million fitness subscribers, accounting for almost half of the brand’s connected fitness subscriber base. Will Peloton’s plans to rebrand itself pan out? per cent in pre-market trading, indicating a positive reception to the news.

Apparel 130

Apparel Consumer Marketing Planning 130

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? per cent from 2021 to 2027. Then, it set up a direct-to-consumer channel. “It

Location 130

Location Wholesale Consumer Planning 130

Small Biz Trends

NOVEMBER 9, 2022

Taxpayers are still required to report all income on their tax return unless it is excluded by law. This is whether they receive a Form 1099-NEC, Nonemployee Compensation; Form 1099-K; or any other information return. Where To Get Help with Tax Filling?

Payment Services 98

Payment Services Returns Accounting Planning 98

Retalon

APRIL 21, 2021

Maintaining margins within business constraints while efficiently providing order fulfillment to customers is a tall order, especially considering each customer purchase requires a real-time fulfillment decision within a shifting context of inventory, demand, returns, delivery times, and shipping costs. Will you deny returns at a store level?

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retalon

APRIL 14, 2021

Creating a product assortment strategy is necessary for retailers to have a holistic, long-view plan of their business. And it needs to fit into your retail planning process to ensure you’re still hitting your financial and inventory targets. Account for changing consumer behaviour and preferences.

Markdowns 41

Markdowns Planning Location Accounting 41

Retail TouchPoints

JULY 25, 2022

In the midst of rising inflation rates, many Americans are wondering how to cut their costs — and younger generations such as Gen Z may have found a solution in the short term with “buy now, pay later” or BNPL plans. Others allow for users to take advantage of retailers’ return policies if their payments cannot be made.

Payment Services 199

Payment Services Advertising Accounting Consumer 199

Inside Retail

APRIL 22, 2021

According to the latest data from Australia Post, more than four in five households shopped online in early 2021 – an all-time high that’s been rising steadily since the global pandemic first sent people to online channels in record numbers. In the US, for example, eMarketer reports that D2C sales now account for 33% of Nike’s revenue. .

Fulfillment 299

Fulfillment Beauty and Health Advertising Accounting 299

Retail TouchPoints

DECEMBER 23, 2022

The post-COVID-19 retail recovery hasn’t quite gone according to plan. Census Bureau of the Department of Commerce reported in November that ecommerce sales increased 3% in Q2 2022 over the same period in 2021, while total retail sales increased by more than 9% compared to Q3 2021.

Drop-Shipping 217

Drop-Shipping Shipping Accounting Management 217

Cisco Retail

JULY 27, 2021

Organizations have been rapidly adopting new digital and cloud capabilities and are now faced with determining what types of technology investments they need as their workforce begins to return to the office. As they invest in new technologies, CIOs must determine how to pay, consider return on investments and their budget.

Payment Services 145

Payment Services Operating Expenses Returns Planning 145

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 six-count indictment stated that between March 2020 and October 2021, Hayes submitted several fraudulent Economic Injury Disaster Relief loan application (EIDL loan).

Accounting 98

Accounting Returns Planning ATS 98

Retail TouchPoints

SEPTEMBER 12, 2022

On the surface, everything went as planned. Bot traffic jumped 106% year-over-year in 2021. 2021 saw bot traffic grow 5.5 And if a customer’s first experience of your brand is a crashed site, you can be sure they’re unlikely to return. In early 2022, a top 10 footwear brand dropped an exclusive line of sneakers.

Beauty and Health 249

Beauty and Health Accounting Customer Experience Checkout 249

V Count

DECEMBER 3, 2021

As we look forward to the 2021 holiday season, facility managers and retailers alike need to be ready and adjust to a changing retail landscape. Especially as the pandemic continues to impact us, the 2021 holiday shopping season could be unpredictable, and the need for accurate traffic data for brick and mortars remains as vital as ever.

Store Layout 52

Store Layout Sporting Goods Shopping Retail Trends 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.

Merchant Services 130

Merchant Services Payment Services Returns Planning 130

Retail TouchPoints

OCTOBER 20, 2021

On the other hand, some businesses, such as home improvement stores, actually saw sales increase throughout the pandemic and began course-correcting their retail footprints to account for more online traffic. To account for this, some retailers have shifted to a hybrid model of livestreamed in-store events.

Sporting Goods 258

Sporting Goods Accounting Promotions Consumer 258

Retail TouchPoints

JULY 30, 2021

accounted for $5 billion of Alibaba’s total $74.1 We test and learn as much as possible leading up to the event and then lock in a plan and hang on for 11.11.”. They definitely need to have a dedicated plan for China and have the right partners in place to help them execute their vision and strategy.”. In fact, the U.S.

Merchant Services 278

Merchant Services Accounting Social Commerce Payment Services 278

Retail TouchPoints

APRIL 14, 2021

wants to hold the current Board accountable for what it calls “years of chronic underperformance” by nominating its own new members. Legion Partners issued a letter to shareholders in connection with its nomination of seven independent individuals for election to the company’s Board of Directors at the 2021 Annual Meeting of Shareholders.

Accessories 183

Accessories Accounting Returns Management 183

Retail TouchPoints

MAY 4, 2021

Retailers sometimes move at a near-glacial pace, planning out huge builds with extreme precision — and sometimes years in advance. This isn’t to say that planning should fall by the wayside. But any plan going forward will need to include recalibration of the shopping experience. We’re past planning our responses to the crisis.

Planning 279

Planning Checkout Shopping Consumer 279

Inside Retail

MAY 25, 2021

Global trade unions IndustriALL and UNI Global have announced plans to pull out of the RMG Sustainability Council (RSC), the organisation that is responsible for key aspects of the Accord, such as factory inspections and worker safety training, because its policies won’t be legally binding after the Accord expires on May 31. .

Fashion 246

Fashion Accounting Returns Promotions 246

DMS Retail

AUGUST 24, 2021

Too expensive…even with the advertising benefit taken into account. Register for The Retail Operations Management Workshop ONLINE : Next Available Session – Tuesday, August 31 & Thursday, September 2, 2021 9 AM – 12 PM Eastern (New York) (3 Hours Each Day) Registration covers both sessions.

Planning 59

Planning Advertising Wholesale Management 59

Inside Retail

OCTOBER 6, 2021

Fast forward to October 2021, and Australia’s largest online fashion retailer The Iconic is leading the way on resale, partnering with AirRobe on the Circular Wardrobe, an initiative that allows customers to resell, rent, or recycle their preloved items with one click. Tapping into gen Z spending power.

Payment Services 246

Payment Services Fashion Accessories Checkout 246

Inside Retail

NOVEMBER 22, 2022

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 in the first nine months of 2021. In 2019, it brought in 233.5

Department Stores 130

Department Stores Boutique Accounting Returns 130