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Optus set to pay $100 million in penalties for unconscionable sales tactics

Inside Retail

Australia’s second largest telecommunications provider Optus has agreed to pay a $100 million fine for unconscionable conduct when selling its products and services to hundreds of customers. The consumer eventually went to a community legal centre to seek help on cancelling the contracts.

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Ron Johnson’s Enjoy Technology Files for Bankruptcy, Set to be Sold

Retail TouchPoints

The idea was to bring the store experience to consumers’ homes via a technology-powered “mobile store” operation, with an initial focus on telecommunications and consumer electronics ( AT&T and Apple are partners in the U.S.). Enjoy’s stock has steadily declined since its NASDAQ debut, from a high of $11 to $0.21

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New 2021 VAT Rules Will Simplify Filing, but Complicate Calculation

Retail TouchPoints

In 2021, businesses in the United States will face new VAT rules for selling to final consumers in Europe. The new rules broadly extend a 2015 VAT adjustment for certain sales of digital, telecommunications and broadcast services to include ecommerce goods. 1, 2021 to July 1, 2021 due to the coronavirus pandemic, but U.S.

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Put Your CPG Brand Where the Foot Traffic is to Stay Competitive

Retail TouchPoints

After two years of pandemic-driven online shopping, many consumers are stepping back out into the world and into physical stores. In fact, average transaction values in-store were 10% higher in July 2021 than in March 2019. To succeed as a CPG brand in the post-pandemic world, you need to get phygital.

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UK small businesses squeezed by shrinking sales and unapproved debt

365 Retail

In the UK, it fell to its lowest point (84 points) in July since February 2021. The Index is now showing a clear downward trend from the post-2020 recession high of 99 points set in October 2021. Stripping out price impacts using the July ONS Consumer Price Index (CPIH) of 8.8 days above the 2021 average of 28.8

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‘Next phase of growth’: JB Hi-Fi unveils new initiatives for FY23

Inside Retail

“The tech categories, like phones and computers, are very much so integrated into our customers’ lives these days, and they’re no longer a ‘discretionary’ purchase – they’re a must-have for a lot of consumers. We’ve definitely seen [those purchases] become less discretionary as time goes on,” Smart said.

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What Is a SmartNIC?

Nvidia

A third of the roughly 30 million servers shipped each year are consumed by running the data center’s software-defined networking stack,” said Huang in the keynote. SmartNICs are used by telecommunications providers and media companies. To find out more on NVIDIA’s BlueField DPUs, watch Jensen Huang’s April 2021 keynote below.