Retail TouchPoints

DECEMBER 1, 2021

The pandemic has brought about long-term changes for both business operations and consumer expectations, and 2021 taught us how far removed we are from ever returning to the old “normal.” Supply chain disruptions moved front and center for retailers in 2021, creating vulnerabilities for large and small business owners alike.

Shipping 305

Shipping Finance Customer Experience Consumer 305

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%.

Payment Services 264

Payment Services Consumer Returns Management 264

Inside Retail

NOVEMBER 8, 2021

Freeburn and Ramsay 2021. So far in 2021 a further 20 have been put forward, with more foreshadowed. of the resolutions, with the 139 resolutions recorded between 2002 and the first part of 2021 concentrated in only 28 companies. Shareholder ESG Resolutions per year. More climate resolutions are succeeding.

Finance 246

Finance Accounting Returns Marketing 246

Retail Times

JUNE 10, 2021

Hitachi Capital Consumer Finance (HCCF), one of the UK’s leading retail point of sale provider today announces impressive profits of £60.2m The results and continued investments during the period leave the business well positioned to grow in 2021/22 as lockdown measures ease and consumer confidence returns.

Finance 77

Finance Consumer Point of Sale Returns 77

Retail TouchPoints

AUGUST 25, 2021

Additionally, this generation has a more educated and proactive approach toward finances than perhaps any other previous generation. return that could then be reinvested in another friend’s business concept. In response, Rebag just launched an instant trade-in option in July 2021. The Powerful Psychology of the Trade-In.

Consumer 306

Consumer Fast Fashion Finance Shopping 306

Retail TouchPoints

JANUARY 12, 2022

Home discount retailer Big Lots is returning to expansion mode after more than a decade of flat store growth, with plans to open as many as 500 new stores in the next six to seven years. At the investor meeting, Big Lots also provided an update on results for Q4 of fiscal 2021. Big Lots currently operates 1,431 stores across the U.S.

Planning 182

Planning Checkout Finance Returns 182

A1 Retail

JANUARY 10, 2023

percent) since March 2021, as petrol and diesel prices continued to fall. Restaurants, meanwhile, although still in decline compared to 2021 (-3.9 Similarly, the rush to buy gifts and Christmas party outfits benefitted clothing and department stores, which returned to growth in December, rising 1.5 percent and 2.8 percent and 6.3

Finance 98

Finance Outdoor Supermarket Department Stores 98

Retail TouchPoints

FEBRUARY 18, 2021

million Series A financing round led by Left Lane Capital, with additional support from RiverPark Ventures, All Iron Ventures and Red Antler, the branding company behind Allbirds , Casper and Prose. Abound , a curated wholesale marketplace designed to connect small business owners and independent brands in the U.S. and UK, has closed a $22.9

Wholesale 147

Wholesale Finance Returns Management 147

Inside Retail

MAY 17, 2022

In August 2021, German streetwear brand Philipp Plein became the first fashion brand to accept cryptocurrency at its new crypto concept store in London. In countries where crypto is more regulated, retailers have opted to join forces with licensed payment platforms that are registered with local finance institutions to process transactions.

Merchant Services 243

Merchant Services Payment Services Advertising Returns 243

VMS

JANUARY 25, 2022

Retailers expect more than $761 billion in merchandise sold last year to be returned by consumers, according to a report released today by the National Retail Federation and Appriss Retail. retail sales, which soared to $4.583 trillion in 2021. “As The 2021 total rate of returns (16.6 to return fraud. billion (10.6

Returns 52

Returns Loss Prevention Payment Services Visual Merchandising 52

Inside Retail

JANUARY 13, 2022

Asos, once a darling of the stockmarket, was hit by a difficult end to 2021, when it cut its annual profit forecast and parted ways with its CEO following supply chain pressures and a return by shoppers to pre-pandemic ways. Asos added that it intended to move to the LSE’s main stock market, expected by the end of February.

Returns 130

Returns Finance Fashion Marketing 130

Retail TouchPoints

SEPTEMBER 20, 2022

These three sessions are designed to help retailers hone their omnichannel edge: In Tactics for Tackling Omnichannel Challenges: Dynamic Pricing, Returns and Beyond , Brother Mobile Solutions will look at how retailers of all sizes can handle a number of cross-channel challenges.

Payment Services 274

Payment Services Customer Experience Checkout Finance 274

Inside Retail

OCTOBER 19, 2023

Wavish had as number of executive roles at Woolworths between 1999 and 2006, including chief financial officer, finance director and head of supermarkets. A successful team There is no doubting the successful careers of Mathieson and Corbett but the Wavish record is another matter. Mathieson Snr currently holds a 15.1

Boutique 246

Boutique Finance Planning Supermarket 246

Retail TouchPoints

JULY 11, 2024

The florist then chooses the best service for its needs and finances (which could still be their own driver). But our on-time number from Mother’s Day was at 99% despite a 400% increase in volume, and we also saw a decrease in canceled orders and returned orders. With floral, every single delivery counts.”

Merchant Services 270

Merchant Services Fulfillment Shopping Returns 270

Retail Gazette

MAY 28, 2024

Shop price inflation across the UK has fallen to its lowest point since November 2021, as consumers clamp down on spending and businesses slash the prices of large purchases. the previous month, marking the slowest rate since November 2021. for the month, representing the largest decline since 2021.

Shopping 63

Shopping Finance Consumer Returns 63

Retail Gazette

JUNE 17, 2024

Kingfisher has named former Tesco deputy chief financial officer Bhavesh Mistry as its next finance boss. Mistry, who joined British Land in 2021, was previously the deputy CFO at Tesco from 2018 and has held several senior finance positions over the last two decades at companies including Whitbread and Virgin Media.

Finance 52

Finance Returns ATS 52

Inside Retail

MARCH 17, 2022

The brand has been assembling the team over the past six months, beginning with the appointment of chief product officer Sang Langill and COO William Pak in September 2021. Pak was also named interim CEO in October, and senior vice president of corporate finance Brian Wong was promoted to CFO in December.

Returns 130

Returns Finance Planning Promotions 130

Inside Retail

MAY 24, 2021

In fact, the company was voted by Australian and NZ retailers as the Best Business Process Outsourcing (BPO) provider at the recently concluded National Online Retail Association (NORA) Awards 2021. We’re returning to growth as an economy, but the supply side of employees isn’t growing,” McRitchie said. “[But

Inventory Management 147

Inventory Management Finance Returns Management 147

Inside Retail

JULY 22, 2021

From paying more than necessary to cutting budgets on activities that bring home the bacon, here are some of the most commonly overlooked savings in business to look out for in 2021: 1. However, that spend should deliver a decent return on investment (ROI). Streamline business finances and develop strong financial foundations.

Finance 130

Finance Planning Returns Management 130

Inside Retail

MAY 3, 2021

Individuals are not looking to venture out as they do not feel safe about going to a store, restaurant, engaging in in-person activities, staying in a hotel, returning to a workplace, taking a flight, etc.,” Deloitte’s report read. Bendon is sold at David Jones and has a number of stores in New Zealand.

Accounting 208

Accounting Consumer Finance Fashion 208

Retail Gazette

DECEMBER 19, 2023

In its 2021 to 2022 financial year alone, Asda paid £375m in interest on the deal. Grocery rival Morrisons, which was taken over by private equity firm CD&R in an equally debt-laden £7bn deal in 2021, spent half of its profits paying off its £375m interest bill last year. But why is private equity so controversial?

Grocer 126

Grocer Supermarket Finance Returns 126

Retail TouchPoints

JULY 21, 2020

Another behavioral shift has been informational searches rising as people are at home and online, while transactional searches fell due to consumers’ uncertainty over their finances. It’s also sensible to hold back some paid budget to invest in seasonal campaigns later in the year when it is more likely to produce a bigger return overall.

Merchant Services 225

Merchant Services Sporting Goods Accounting Shopping 225

Inside Retail

JANUARY 10, 2023

He noted that the pandemic followed by surging inflation have adversely affected consumers’ disposable income, which is driving the demand for short-term financing, thereby benefiting BNPL service providers. “To per cent in 2021 – while bank transfers are declining in popularity, falling from 18.4 per cent in 2021.

Payment Services 130

Payment Services Consumer Finance Apparel 130

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 Management 145

Retail Gazette

SEPTEMBER 12, 2024

And in another about-turn, it brought back PrettyLittleThing founder Umar Kamani to lead the Boohoo-owned business, who immediately reversed the brand’s decision to scrap free returns for its loyalty members just three months after it made the move. Kamani also vowed to review “some of the more drastic changes made in recent times”.

ATS 113

ATS Fast Fashion Fashion Returns 113

Inside Retail

FEBRUARY 19, 2023

Inside Retail was the first to report earlier this month that Wesfarmers has cut 100 jobs at Catch , with the redundancies impacting key departments including marketing, product and technology, and finance. According to Inside Retail sources, the payrolls of some departments have been cut by as much as 30 per cent.

Management 246

Management Finance Planning Accounting 246

Inside Retail

MARCH 27, 2023

He went on to say that the company is encouraged by the 150 per cent year-over-year growth in retail spending that ShopBack garnered in Q4 2022 compared to Q4 2021, driven in large part by the success of its ShopBack PayLater service. Such are ways we implement to help educated users on how to manage their finances better,” he explained.

Merchant Services 130

Merchant Services Payment Services Marketing Spend Finance 130

Retail Gazette

OCTOBER 5, 2023

Archie Norman Archie Norman has spent the last six years overseeing food and fashion group M&S’s turnaround plan as it looks to re-establish its brand, win back consumers and return to profit. Mark Price With John Lewis in peril, could we see Lord Mark Price return to the Partnership? Sound familiar?

Supermarket 110

Supermarket Department Stores Grocer Returns 110

365 Retail

JANUARY 9, 2024

growth, their highest since August 2021, propelled by price hikes on streaming platforms and a heightened interest in home entertainment during the festive season. Retail Spending Dips Clothing and department store spending returned to a decline after a November spike, potentially due to earlier promotional activities by retailers.

Consumer 105

Consumer Supermarket Department Stores Promotions 105

Independent Retailer

SEPTEMBER 8, 2022

Consumer behavior continues to settle and adapt from the radically changed retail environment in 2020, and to a lesser extent in 2021, but enough time has passed now for the newer online shoppers to become more comfortable with where and how they shop, according to Matthew Furneaux, Director of Location Intelligence at Loqate. back to top.

Finance 98

Finance Returns Shipping Promotions 98

Inside Retail

AUGUST 15, 2022

Data company Market Decipher says the booming growth of the toy collectables market is attributable to it offering a better return than gold, art, and financial securities. Certain collectable toys have a high rate of return, which has attracted a lot of investors to this market.

Marketing 130

Marketing Promotions Returns Finance 130

Inside Retail

SEPTEMBER 13, 2021

The startup has been bootstrapped ever since, only taking on some debt financing to manage working capital, Griffiths says. In the 2021 financial year, profits dipped again, with Who Gives a Crap donating $2.5 That debt has been repaid for some time, he adds. A shift in capitalism?

Finance 147

Finance Marketing Management Returns 147

Inside Retail

NOVEMBER 1, 2022

These spending initiatives – modest though they are – are much easier said than financed, since Japan is already saddled with massive government debt of approximately 230 per cent of the country’s annual gross domestic product (GDP). On 8 October, Malaysia’s Finance Minister announced cash handouts of RM7.8 Thailand keeps the lid on.

Wholesale 130

Wholesale Payment Services Finance Consumer 130

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. Shopify declared Australian online shoppers’ 2022 Black Friday sales fourth globally and November 2022 was the biggest month in Australia’s online shopping history.

Payment Services 130

Payment Services Social Commerce Promotions Department Stores 130

Cisco Retail

JUNE 16, 2022

For example, according to the Climate Policy Initiative , an increase of at least 590 percent in annual climate finance (about US$4.35 The Cisco Foundation can play a role in filling this funding gap, and in April 2021, its board of directors committed to granting and investing $100 million over ten years to do just that. .

Finance 98

Finance Management Planning Returns 98

A1 Retail

NOVEMBER 9, 2022

per cent rise in consumer price inflation – as the cost-of-living crunch continues to put pressure on Brits’ personal finances. per cent) – saw its smallest rise since March 2021, when the second Covid-19 lockdown measures were still in place. Consumer card spending grew 3.5 per cent) but well below the 8.8 per cent year-on-year, 6.6

Consumer 98

Consumer Planning Beauty and Health Finance 98

Retail Gazette

JULY 17, 2024

Increased investment and capital also allows scope for acquisitions and brings with it a certain eminence on the world business stage, It ensures a broad shareholder base with a multi-faceted outward-looking approach and helps long term inventors realise a return on their investments. By April 2024, there had been just six.

Finance 107

Finance Management Marketing Planning 107