Retail TouchPoints

SEPTEMBER 17, 2022

The Consumer Financial Protection Bureau (CFPB) is planning to start regulating buy now, pay later (BNPL) products. 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% with late payments, fees, etc.].

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Consumer Payment Services Apparel Accounting 221

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. Over the past five or six years we’ve seen huge strides in payments technology, co-founder and chief Brad Karney adds. The time is now. At the forefront”.

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Merchant Services Payment Services Returns Planning 130

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. This generation has taken to this payment option faster than any other, but looking at their history it is easy to see why.

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Payment Services Advertising Accounting Consumer 199

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’ll want to look at organic sessions, paid sessions, how long people have stayed on your page and the number of new visitors vs. returning visitors. Website traffic: More than 4.5

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Payment Services Promotions Shipping Planning 149

Retail TouchPoints

APRIL 6, 2022

Mall operator Unibail-Rodamco-Westfield SE (URW) is reportedly looking to divest most of its U.S. The plan, which was first announced in February 2021, may end up seeing a loss on the $14 billion it spent four years ago to acquire some of the country’s top-performing malls. URW valued its U.S. portfolio at $13.2

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Payment Services Department Stores Advertising Planning 261

Retail TouchPoints

MARCH 5, 2024

The retailer will still offer its free-to-join Target Circle loyalty program and plans to enhance it by providing its 100 million+ members with access to automatic deals applied at checkout. Walmart debuted its Walmart+ program in September 2020, followed by Kroger ’s Boost program in November 2021.

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Retail TouchPoints

FEBRUARY 15, 2022

Outfits like GoPuff, Gorillas and 1520 took the grocery market by storm in 2021, offering a limited menu of consumables, delivered to your door in an incredible 30 minutes or less (and commanding multi-billion dollar valuations in the process.) Ultra-rapid grocery delivery will gain further influence.

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Grocer Payment Services Checkout Value Offer 313

A1 Retail

NOVEMBER 18, 2021

Barclaycard Payments’ data shows quarterly SME transactions have risen by 38.1 The quarterly SME Barometer combines billions of merchant transactions, processed by Barclaycard Payments, with research data to provide an in-depth look at the UK SME economy . Year-on-year payments volumes are also showing strong growth – up 21.9

Merchant Services 75

Merchant Services Payment Services Consumer Shopping 75

Retail TouchPoints

APRIL 13, 2021

The 2021 Connected Consumer Series reflected the challenges retail (and society as a whole) have faced during the past year, but also the growing sense of optimism that is taking hold this year. 5 Social Advertising Trends for Retailers to Know in 2021: Featuring Under Armour. Retail CX Trends 2021: New CX for a New World.

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Consumer Payment Services Fulfillment Advertising 139

Retail TouchPoints

AUGUST 14, 2023

Seeking to move closer to the goal of cutting its waste footprint in half by 2030, Starbucks has added 12 locations to its 100% reusable operating model. will serve beverages either in customers’ personal cups or in a reusable “Borrow A Cup,” which customers can take with them and return in smart return bins.

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Returns Payment Services Point of Sale Location 194

Inside Retail

APRIL 11, 2021

This program was set to run until the end of September 2020, later extended to the end of March 2021, albeit with changes to eligibility and rates. This, somewhat unexpectedly, created a sugar-hit for retailers, with estimates that nearly two-thirds of these payments were spent on discretionary purchases.

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Payment Services Consumer Management Returns 130

Retail TouchPoints

FEBRUARY 5, 2021

The transaction cycle does not end after purchase, and successful retailers should ensure that their omnichannel systems and processes are able to seamlessly handle the recovery period that comes after the holidays. Mastering systems integration and returns will send customer satisfaction and profitability soaring for your retail business.

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Payment Services Returns Specialty Retailers Promotions 175

Retail TouchPoints

OCTOBER 6, 2022

The Retail TouchPoints 2022 Retail Strategy & Planning (#RSP22) webinar series, now available on-demand, offered a wealth of tips and best practices across critical areas including pricing, location-based technology, inventory management and marketplaces. 26-30, you’re automatically registered to listen to the entire series.

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Merchant Services Payment Services Promotions Location 249

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.

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Payment Services Fashion Accessories Checkout 246

Independent Retailer

MARCH 31, 2022

ecommerce sales spiked by more than 30 percent per quarter from Q2 2020 to Q1 2021 , and continued to rise by nine percent in the second quarter of 2021. It brings new challenges like supply chain bottlenecks, inflation, around-the-clock operations, and labor shortages. Because of restrictions on in-person shopping, U.S.

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Payment Services Location Marketing Accounting 80

Inside Retail

JUNE 13, 2023

We speak with Yoox Net-a-Porter’s APAC general manager Natalie Lee about the resilience of luxury spending amidst an economic downturn, the importance of localisation, personalisation and incredible customer service, and how the company is using technology to improve the way it operates. How do you plan to leverage them?

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Merchant Services Payment Services Fashion Customer Experience 245

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.

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Finance Payment Services Accounting Returns 253

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.

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Payment Services Operating Expenses Returns Planning 145

Retail TouchPoints

JANUARY 20, 2022

Amazon has announced plans for its first-ever physical fashion store — dubbed Amazon Style — which will feature women’s and men’s apparel, shoes and accessories. In mid-2021 rumors also surfaced of plans for large-footprint department stores , although Amazon hasn’t formally announced anything along these lines.

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Payment Services Apparel Inventory Management Department Stores 226

A1 Retail

SEPTEMBER 15, 2021

Almost a fifth of UK adults are signed up to a food or restaurant meal subscription service. Consumer appetite is here to stay as two in five Brits with subscriptions plan to take out more subscription services because of the convenience they offer.

Merchant Services 75

Merchant Services Payment Services Consumer Planning 75

A1 Retail

AUGUST 24, 2021

More than four in 10 plan to hire additional staff over the next 12 months in a sign of positivity for the future. The quarterly SME Barometer combines billions of merchant transactions, processed by Barclaycard Payments, with research data to provide an in-depth look at the UK SME economy. Future-proofing.

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Merchant Services Payment Services Returns Outdoor 75

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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Payment Services Consumer Beauty and Health Finance 57

A1 Retail

NOVEMBER 29, 2021

Barclaycard Payments’ data shows quarterly SME transactions have risen by 38.1 The quarterly SME Barometer combines billions of merchant transactions, processed by Barclaycard Payments, with research data to provide an in-depth look at the UK SME economy. Year-on-year payments volumes are also showing strong growth – up 21.9

Merchant Services 40

Merchant Services Payment Services Consumer Shopping 40

Inside Retail

NOVEMBER 10, 2022

Elon Musk is progressing plans to slim down Twitter since he bought the 396 million-member platform for US$44 billion (£38 billion) on October 27. It said: Given the nature of our distributed workforce and our desire to inform impacted individuals as quickly as possible, communications for this process will take place via email.

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Payment Services Advertising Accounting Planning 130

Small Biz Trends

NOVEMBER 29, 2022

If you buy and place in service qualified equipment by December 31, 2022, you can deduct 100% of the cost; no depreciation over a number of years is required. 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.

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Payment Services Planning Accounting Returns 137

Retail TouchPoints

SEPTEMBER 8, 2021

today, meaning that in terms of purchasing power, 2021 Amazon Prime members are only paying ~$10 more per year than they were 15 years ago. These companies, like Shipbob and Flexport, streamline operations and make ecommerce more accessible for brands. The purchasing power of $79 in 2005 equals about $109.90

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Merchant Services Payment Services Fulfillment Shipping 223

Inside Retail

JULY 6, 2021

George Yeung, managing director of Jeanswest, attributes the win to the high standards of customer services in the Jeanswest team across the country, despite it being a “very tough year”. Last year, Yeung highlighted the importance of returning to its denim roots and reconnecting with the local community. Bricks-and-mortar refresh.

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Payment Services Store Layout Management Location 246

Retail Focus

JUNE 17, 2021

At TFWA, we’re planning for a vast spectrum of scenarios at a very detailed level. This has led to the development of new tools such as our TFWA 365 online platform, which will provide year-round support and exclusive digital services to our members to help them meet and overcome the challenges presented by the pandemic. .

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Payment Services Returns Planning Retail Trends 147

Retail TouchPoints

JANUARY 22, 2021

The IDC FutureScape 2021 webinar took a close look at some of the biggest, most impactful developments retailers can expect in the coming years. By 2024, IDC expects that retailers will strengthen their partnerships with suppliers to improve supply chain transparency and reduce the environmental impact of operations by 30%.

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Payment Services Store Layout Fulfillment Consumer 212

Retail TouchPoints

JANUARY 14, 2021

As consumers return to physical stores, features such as appointment setting and personalization will be the keys to remapping the customer experience. But COVID also revealed other opportunities to add to its roadmap, including appointment setting, curbside fulfillment and contactless payments.

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Payment Services Customer Experience Apparel Fulfillment 191

Inside Retail

OCTOBER 7, 2021

And with the Australian retail industry set to return in full force in FY22, businesses need to ensure they are doing what is necessary to meet these new wants and needs from their customers. While maintaining loyalty to brands which reflect their own values – be it sustainability, social impact or personalised services.”

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Payment Services Customer Experience Planning Returns 246

Mass Relators

OCTOBER 25, 2023

–   Zebra Technologies Corporation  has announced the findings of its 16 th Annual Global Shopper Study that confirmed retailers are feeling the omnichannel squeeze, particularly with managing online returns and reducing shrink caused by theft, fraud and other contributing factors.

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Checkout Payment Services Shrinkage Returns 52

Inside Retail

APRIL 15, 2021

Assuming Australia continues to manage the virus successfully, we will continue to see an exuberant return to physical retail spaces. This service has jumped as a result of physical retail lockdowns and evolved to include contactless options such as drive-and-collect, in which staff deliver goods directly to a customers’ car.

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Merchant Services Payment Services Shopping Customer Experience 130

Small Biz Trends

JUNE 1, 2022

A cryptocurrency is a decentralized payment method that you can use to trade online by way of smart contracts. This not only led to speculating in the cryptocurrency market but also facilitated multimillion-dollar transactions in digital collectibles, digital assets, goods and services to be traded within the cryptocurrency space.

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Payment Services Accounting Promotions Finance 124

Small Biz Trends

DECEMBER 14, 2022

The IRS offers certain tax deductions for small business owners to help make the process of filing taxes easier and more efficient. Rent and lease payments. If you rent an office space or equipment for your business, you can deduct the associated rental and lease payments. Understanding Tax Deductions. Real Estate Taxes.

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Payment Services Accounting Advertising Returns 130

Retail Focus

SEPTEMBER 5, 2022

Gap fans and lovers can now utilise Next’s free next-day delivery and returns system across 450 stores. On the other hand, not all high-street retailers and businesses have sought out an escape plan that is as effective as Gap’s. This has been a detrimental financial burden for leading gambling operators.

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Payment Services Promotions Shopping Returns 130

Retail TouchPoints

JULY 11, 2023

from Prime Day 2021, while 1P sales increased 6.1% , according to Capitol One Research. One of those brands is The Woobles , a three-year-old startup run by Adrian Zhang and his wife Justine that sells kits that teach beginners how to crochet and make cute animal plushies in the process. Also, Amazon gets more happy Prime members.

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Payment Services Shipping Checkout Fulfillment 153