Retail TouchPoints

AUGUST 3, 2022

Buy now, pay later is short-term financing that allows people to buy everyday items like home goods, electronics and clothes in low to no interest monthly installments — and receive the goods immediately. And there are a lot of consumers that use it: 56% of Americans have used a BNPL service, up almost 50% in just one year.

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Inside Retail

JUNE 20, 2021

Some 61 per cent believe that retailers and providers of personal care and hospitality services adapted well to the circumstances and to consumers’ changing needs. More generally, many consumers took a cautious approach to their finances amid the pandemic. Understanding the consumer of 2021.

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Independent Retailer

OCTOBER 19, 2022

Determining the right mix of financing options comes down to having a deep understanding of your customer and your product set. Nearly half (46%) of consumers surveyed said they are more likely to purchase from retailers who offer a variety of financing options. by Mike Rittler. by Mike Rittler. The Federal Reserve and the U.S.

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Inside Retail

DECEMBER 14, 2021

But if you took a punt and bought shares in any of them over 2021, there’s a good chance you’ve lost money. The state of the sector isn’t as bad, however, as suggested by news reports claiming stock have plunged an average of 80% in 2021. Demand for these services isn’t growing as strongly as expected. Competition is stiff.

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Retail TouchPoints

DECEMBER 13, 2021

In fact, the growth of BNPL is hitting record-breaking levels — in 2021 Cornerstone Advisors say that consumers will make nearly $100 billion in retail purchases using BNPL. In fact, Cornerstone Advisors found that Gen Z consumers using BNPL grew from 6% in 2019 to 36% in 2021, and millennials’ use of BNPL is up to 41%.

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Retail TouchPoints

NOVEMBER 14, 2022

billion in construction financing loans, according to NJBIZ. American Dream missed a payment of $8.8 1, 2022, and the balance in the reserve account previously used to make payments on the loans is $862.12. The group, led by JPMorgan Chase, has set a new maturity date of October 2026. million on Aug.

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Inside Retail

JANUARY 10, 2023

BNPL services are gradually gaining prominence in Singapore, with a growing preference for flexible payment methods among consumers,” Neralla Rama Ravi Teja, a retail analyst at GlobalData, told Inside Retail. BNPL payments were expected to reach US$1.1 BNPL payments were expected to reach US$1.1 Rise of online payments.

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Cisco Retail

AUGUST 23, 2022

Instead of buying technology assets, businesses might consider payment over time options – this reduces equipment value risk and provides more flexibility. In fact, according to IDC, payment over time is becoming increasingly popular among global businesses for these very reasons. Building a strong IT life cycle policy. Contact us!

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Inside Retail

DECEMBER 1, 2022

With Christmas just around the corner, it’s important to stay vigilant as scams and fraud can happen to any business that accepts debit and credit card payments, and can have a significant financial and reputational impact at this time of year. Tools like 3DSecure can help with these additional security processes.

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365 Retail

MAY 13, 2022

The new function enables individual sellers and small businesses to accept contactless payments in-person directly on their Android mobile devices, with no additional hardware and no additional fees. in September 2021 to £15.30 in December 2021. The solution works on devices with Android 8.0 and NFC capabilities.

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Retail TouchPoints

APRIL 13, 2022

Many people in finance and retail considered 2021 the “year of the cryptocurrency.” Other retailers notice when leading industry players like Walmart or Circle K make a move, so many brands are now likely considering adding crypto payment options and Bitcoin ATMs to their stores. Pick the right location(s).

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Inside Retail

MARCH 27, 2023

In February, ShopBack, a shopping, rewards and payments platform, partnered with Sunway Pyramid, a mall in Malaysia, on the ShopFiesta event to reward shoppers with promotions and giveaways. Shoppers were able to make purchases at a discount and split their payments into three instalments. It was all about boosting in-store shopping.

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Inside Retail

JANUARY 28, 2024

As we push toward our long-term goal of operating 7,000 restaurants in North America, it’s crucial that we listen to and adapt to the needs of our team members, so they can grow with us.” In 2021, 47.8 million workers quit their jobs, followed by 50 million in 2022, before the trend gradually slowed down to 30.5

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Retail TouchPoints

MAY 28, 2021

Thoughts of poor customer service probably ring a bell in your own mind, and these opinions are hard to change — but there is hope. Customer service is changing rapidly to meet consumer behavior, providing smoother, more integrated experiences than ever before. 3 Data-Backed Reasons why Customer Service is Essential.

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Retail TouchPoints

JANUARY 15, 2021

But when looking at these numbers, the excess data can feel overwhelming, so we’ve rounded up the most important retail metrics to leverage in 2021. You get your CSAT by asking customers directly how satisfied they are with the product or service. Evaluating 2020 Metrics and Planning for 2021. Website traffic: More than 4.5

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365 Retail

JULY 26, 2021

Transaction volumes across Chinese supply chains had been growing at a phenomenal rate in the second half of 2020, but Tradeshift’s data suggests a significant slowdown since the beginning of 2021. Supply chain operators are walking a tightrope in order to keep recovery on track.

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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. Seun Sodipo will take the CFO job in February 2022. She also will draw upon prior experience at roles in private equity firms to help the retailer continue scaling its business.

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365 Retail

AUGUST 3, 2022

New data from Barclaycard Payments on the ‘subscription economy’ sheds light on how demand for sign-up products and services is evolving following growth during the pandemic – and the impact on consumer spending as the cost-of-living takes its toll*. Barclaycard Payments found that the average UK household spends £41.70

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365 Retail

JUNE 2, 2021

The same applies to the numerous reputable banking apps people are utilising in 2021, too. You can also view and delete direct debits, transfer money between current and savings accounts, make payments to a mobile number, make payments using Siri. The apps on offer are mightily impressive.

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365 Retail

JANUARY 6, 2022

Payment providers are ready to help online retailers upgrade their payments process to support SCA compliant transactions, if they have not done so already. For retailers, implementing SCA will provide customers peace of mind that payment processes are more secure. . “The

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Retail Gazette

JULY 23, 2023

However, as they made losses last year – mostly due to large interest payments on the debts loaded onto their balance sheets – no tax was due, The Sunday Times reported. of finance costs, which include the interest payments on its debts. It made a pre-tax loss of £74m last year, as it racked up £395.5m

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Retail TouchPoints

NOVEMBER 4, 2021

31, 2021. “We’re The holidays always tend to put a strain on the piggy bank, but a study from personal finance company Credit Karma found that 43% of consumers are feeling more financially stressed this holiday season, and inflation is the leading cause. Shortages and Sticker Shock Heighten Holiday Stress.

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Nvidia

JANUARY 27, 2022

From the largest firms trading on Wall Street to banks providing customers with fraud protection to fintechs recommending best-fit products to consumers, AI is driving innovation across the financial services industry. AI for underwriting increased fourfold, from 3 percent penetration in 2021 to 12 percent this year.

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Retail Gazette

SEPTEMBER 4, 2023

In the letter he also requested details on loans from the Issas’ petrol forecourt operation, EG Group, which helped fund the buyout of Asda. MPs described the session as “drawing teeth” after accusing Issa of failing to answer questions about the supermarket’s fuel prices , finances and treatment of staff.

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Inside Retail

JULY 14, 2023

Buy now, pay later (BNPL) services have changed the retail landscape, with many customers and retailers alike using these services from companies such as Afterpay, Zip and Klarna. In the survey of Australian shoppers, 42 per cent of respondents said they had used a BNPL service in the last 12 months.

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Inside Retail

APRIL 4, 2022

per cent) are now aware of BNPL services, overtaking traditional online payment platforms like Paypal, Visa and Western Union, according to Roy Morgan’s Digital Payments Report last year. Not only has awareness of BNPL services grown quickly but already over 3.3 million Australians (15.7 Laybys are a thing of the past.

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Inside Retail

OCTOBER 19, 2021

Online shoppers want variety – and they want it for everything, including their payment options. Offering more payment methods has been shown to increase conversion rates on fashion websites, but many retailers are wary of accepting alternative payment methods as they come with new vulnerabilities and fraud challenges.

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A1 Retail

AUGUST 5, 2021

Digital and ‘Deliver-to-Door’ services continue to soar in popularity with the value of Britain’s subscription economy up 23 per cent year-on-year. This provided a lifeline to the 32 per cent of retailers who offer subscriptions, with 71 per cent saying the services helped save their business during lockdown. 54 per cent.

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VMS

JANUARY 25, 2022

retail sales, which soared to $4.583 trillion in 2021. “As The 2021 total rate of returns (16.6 The most common types of payment used during the original purchase that led to a return were credit cards (22.78 The post Retail Returns Increased to $761 Billion in 2021 appeared first on Visual Merchandising and Store Design.

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Small Biz Trends

NOVEMBER 10, 2022

By being vigilant and knowing the warning signs, you can protect yourself and your finances. READ MORE: Zelle Forecasted to Soon Be Most Popular P2P Payments App, But Can It Help Your Business? When using payment apps like Zelle, it’s important to be aware of the most common scams. Let’s get started! Phishing Scam.

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365 Retail

JULY 6, 2022

The third annual report on sign-up products and services by Barclaycard Payments reveals how the subscription economy has evolved as the cost of living starts to impact consumer spending, following the huge growth seen during the pandemic*. per cent fall in subscription spending in May 2022 when compared to May 2021.

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Small Biz Trends

JULY 11, 2022

A survey from PNAS taken from March 28 to April 4, 2020, revealed how quickly economic shock set in, showing that 43% of the businesses surveyed had already closed due to less demand for their products and services and employee health concerns. As a result, the in-store mobile payment app usage soared, reaching 101.2

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A1 Retail

JANUARY 10, 2022

Payment providers are ready to help online retailers upgrade their payments process to support SCA compliant transactions, if they have not done so already. For retailers, implementing SCA will provide customers peace of mind that payment processes are more secure. .

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Small Biz Trends

AUGUST 2, 2022

Business leaders can expect more incidents of attack surface expansion, data security breaches, digital supply chain attacks, ransomware attacks, distributed denial-of-service (DDoS) attacks, identity theft, and remote code execution attacks than in the previous year if they don’t take proactive cybersecurity measures. billion in 2021.

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Inside Retail

APRIL 10, 2022

Luxury streetwear label Off-White is the latest fashion brand to offer its customers payment with cryptocurrencies at its three flagship stores in Paris, Milan and London. Transactions are managed through a sophisticated digital payment system by Berlin-based technology company Lunu.

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365 Retail

JULY 5, 2022

The Very Group, operator of multicategory digital retailers Very and Littlewoods, has appointed former president and CEO of Walmart Japan Lionel Desclée as group CEO. Before joining Walmart, Lionel spent three years as president and CEO of Tom & Co, which operates over 160 pet care stores in Belgium, Luxembourg and France.

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Inside Retail

FEBRUARY 27, 2023

However, over the 12-month period from November 2021 to November 2022, online purchases were down 3.8 per cent due to lockdown-driven spending in 2021. Awareness Online channels should be leveraged to promote broader awareness of their products and services to potential customers across multiple platforms.

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