Retail TouchPoints

NOVEMBER 21, 2024

From the retailer’s point of view, it’s great that consumers are buying earlier,” said Meitiner in an interview with Retail TouchPoints. Consumers also are looking for travel and experiences ; where people might have bought someone a gift in previous years, they might visit and say, “I’m the gift.”

Consumer 278

Consumer Payment Services Department Stores Finance 278

Retail TouchPoints

FEBRUARY 26, 2024

Consumers are quickly losing trust, and companies must act swiftly and responsibly to restore it. A Pew Research study reveals a concerning trend: 67% of consumers have little understanding of what companies do with their data, a sentiment echoed by an IAPP study which found that only 29% feel informed about how their data is protected.

Consumer 317

Consumer Payment Services Finance Management 317

Retail TouchPoints

JUNE 18, 2024

The global economy is still in flux,” said Rob Garf, VP and General Manager of Retail and Consumer Goods at Sales f orce at a recent media briefing. billion commerce-focused consumer interactions as well supplemental consumer research. So what does all this mean for the holiday season? Register here.

Consumer 290

Consumer Shopping Shipping Marketing 290

Retail TouchPoints

DECEMBER 20, 2023

Indeed, until recently most BNPL offerings were relegated to the digital realm, but stores are widely seen as the next big area of expansion for this increasingly popular financing option. Customers also can access Affirm BNPL financing at Walmart Vision and Auto Centers. year over year.

Checkout 305

Checkout Kiosk Finance Apparel 305

Retail TouchPoints

JANUARY 6, 2023

While the 2022 holiday season was by all accounts a success, retailers may want to buckle down as they head into the new year: four out of 10 U.S. While the 2022 holiday season was by all accounts a success, retailers may want to buckle down as they head into the new year: four out of 10 U.S.

Payment Services 359

Payment Services Promotions Consumer Inventory Management 359

Retail Focus

DECEMBER 5, 2022

With 2022 as the first year of MAPIC’s fully-fledged return post-pandemic, the atmosphere has been optimistic and energetic, with people looking forward to the experience of in-person retail and interactions. Attractive to younger generations, leisure can help to bring physical commerce back to consumers who strayed from it during COVID.

Finance 182

Finance Outdoor Consumer Accounting 182

Retail TouchPoints

NOVEMBER 16, 2022

Meta also will highlight businesses from its Meta Business Leaders Network in the new 2022 Smalliday Showcase gift guide, and provide small businesses with advice on advertising effectively with its SMB Holiday Marketing Guide. Additionally, eligible SMBs will be able to earn a $100 TikTok advertising credit. small business owners.

Merchant Services 278

Merchant Services Finance Advertising Marketing 278

Retail TouchPoints

JULY 1, 2022

Six years later, Johnson might answer that question differently — his “commerce-at-home” startup Enjoy Technology filed for bankruptcy on June 29, 2022, after a series of setbacks including staffing shortages and dwindling liquidity. million bridge loan and a financing commitment of $55 million from tech services company A s urion.

Telecommunications 325

Telecommunications Finance Store Operations Consumer 325

Retail TouchPoints

AUGUST 26, 2022

Dollar General has promoted John Garratt to President and CFO, effective September 1, 2022. He will add responsibilities for the company’s strategic healthcare initiatives and its international expansion to Mexico to his existing finance, accounting, strategy and procurement functions. and net sales up 9% to $9.4

Promotions 264

Promotions Finance Accounting Management 264

Retail TouchPoints

MARCH 29, 2023

Apple has begun the pre-release of its new Pay Later offering, which was first announced at the company’s developers’ conference in June 2022. Apple said having its Pay Later loans reflected on consumers’ financial profiles will “help promote responsible lending for both the lender and the borrower.”

Merchant Services 311

Merchant Services Payment Services Checkout Finance 311

Retail TouchPoints

DECEMBER 22, 2022

Under Armour has appointed Marriott International President Stephanie Linnartz as its President, CEO and member of its board of directors following a search that began in May 2022. 27, 2023, succeeding Patrik Frisk, the former President, CEO and member of the board of directors who stepped away from the role in June 2022.

Finance 289

Finance Customer Experience Consumer Marketing 289

Retail TouchPoints

NOVEMBER 3, 2023

spending forecast to climb 3%-4% over 2022, generating between $957.3 Overall household finances remain in good shape and will continue to support the consumer’s ability to spend.” billion spent in the 2022 holiday season. consumers spent online during holiday 2022. billion to $966.6 seen from 2010 to 2019.

Finance 264

Finance Accounting Consumer Promotions 264

Retail TouchPoints

MARCH 19, 2021

The retail world is experiencing a significant change in how consumers are interacting with their brands. In 2020, the growth in online sales has accelerated to reach levels not expected until 2022 due to the pandemic. Today’s retailers need to enhance their online experience to remain competitive in this new consumer environment.

Consumer 260

Consumer Customer Experience Jewelry Wholesale 260

Retail TouchPoints

AUGUST 25, 2022

BB&B has been struggling in recent months: June 2022 saw the departure of CEO Mark Tritton following a Q1 financials report indicating a 25% decline in sales compared to the same period the previous year. BB&B was exploring a sale in April 2022, but that now seems to be off the table. stake in the company.

Finance 306

Finance Shipping Planning Marketing 306

Retail TouchPoints

DECEMBER 8, 2022

A majority of American consumers have now used a BNPL service, up from 37.65% in July of 2020 — an increase of almost 50% in less than one year. For example, in 2018 global B2B payments hit $125 trillion, while the global consumer payments market only reached $52 trillion. But this is all technically focused on consumer lending.

Payment Services 305

Payment Services Finance Consumer Returns 305

Retail TouchPoints

AUGUST 9, 2022

CFO Scott Roe, with 30 years of retail finance and operations experience under his belt, will take on the COO role in addition to his current responsibilities, effective immediately. 1, 2022 to ensure a seamless transition. Glaser will stay on until Oct.

Finance 278

Finance Accounting Management Consumer 278

Retail TouchPoints

SEPTEMBER 15, 2022

19, 2022 to contribute to associates’ financial stability and help them manage their higher education debt, but reportedly they won’t be initially extended to unionized workers, according to Reuters. consumers who have borrowed to finance the education necessary to unlock the best career opportunities,” said Scott Thompson, CEO of Tuition.io

Finance 289

Finance Accounting Management Location 289

Retail Gazette

JANUARY 3, 2025

The loss came mostly from impairments linked to the implementation of a new stock system in 2022, which End Clothing said last year had created logistical problems preventing it from shopping products and leading to a multimillion-pound write-off. to 212.7m, The Times reported. It closed the year with 62m of stock, down from 92.7m.

Finance 116

Finance Accounting Promotions Consumer 116

Retail TouchPoints

NOVEMBER 28, 2023

Consumer spending on Cyber Monday surpassed initial projections to reach $12.4 million consumers shopped over the five-day weekend, surpassing last year’s record of 196.7 million consumers opting to visit brick-and-mortar locations, up from 72.9 million in 2022, according to the NRF. million in 2022. A record 200.4

Payment Services 264

Payment Services Promotions Finance Consumer 264

Retail TouchPoints

AUGUST 2, 2021

The Melbourne, Australia-based company currently serves more than 16 million consumers and nearly 100,000 merchants worldwide. The transaction is expected to close in Q1 2022, subject to customary closing conditions. This also gives them a financing option where they can control the parameters of how much to ‘lend’ and who to lend to.

Merchant Services 317

Merchant Services Payment Services Checkout Finance 317

Retail TouchPoints

AUGUST 31, 2022

27, 2022, has announced a combination of store closures and layoffs designed to reduce its SG&A (selling, general and administrative) expenses by $250 million in fiscal 2022. As of May 28, 2022, the retailer operated a total of 955 stores, including 769 Bed Bath & Beyond locations.

Customer Retention 289

Customer Retention Finance Fulfillment Planning 289

Retail TouchPoints

OCTOBER 18, 2022

He then served as Executive Chairman from August 2021 until April 2022. Miller is a retail and consumer finance veteran with over 30 years of experience at corporations including Sears , DFC Global Corp, Aramark , Nestle and Kraft. “I

Finance 274

Finance Returns Consumer ATS 274

Retail Dive

NOVEMBER 26, 2022

With inflation looming, consumers waited until the shopping event to get deals on categories like electronics and sought out financing options such as buy now, pay later.

Finance 138

Finance Consumer Shopping 138

Retail TouchPoints

FEBRUARY 7, 2023

million debt service payment on municipal bonds sold to help finance the venture, due to insufficient funds. The mall also had missed the previous payment deadline for the same reason in August 2022. featuring styles appropriate for Islamic and other religious consumers). 1, 2023 $8.8 The notice from U.S.

Payment Services 276

Payment Services Department Stores Checkout Finance 276

Inside Retail

MAY 12, 2022

Italian luxury shoe maker Tod’s sees analysts’ expectations for 2022 sales and profitability as achievable despite a marked slowdown in China due to widespread Covid-19 restrictions, its finance chief said. The analyst consensus is for 2022 sales of around 970 million euros and a 5 per cent EBIT margin.

Marketing Spend 130

Marketing Spend Finance Advertising Marketing 130

Retail TouchPoints

MAY 18, 2023

SHEIN generated $23 billion in revenue and net profits of $800 million in 2022, people close to the company told WSJ. In 2022, SHEIN opened three new distribution centers, in Poland, Italy and the United Arab Emirates, bringing the total number of SHEIN “nearshoring bases” in EMEA to eight.

Planning 275

Planning Marketing Net Profit Finance 275

Inside Retail

OCTOBER 10, 2023

“(The) government is addressing the risks posed by new digital payment services, which are currently unregulated, to protect consumers, promote competition and spur innovation,” Treasurer Jim Chalmers said in a statement. billion in 2022, from 29.2 million in 2018.

Payment Services 278

Payment Services Finance Promotions Planning 278

Small Biz Trends

OCTOBER 7, 2022

Much of the rise is attributed to pent-up consumer demand after the pandemic and the Russian invasion of Ukraine, which caused commodity prices to skyrocket. in 2022 and drop to 2.2% Inflation Rate by Country – 2022. US Inflation in 2022. Rising prices often limit what households can spend on goods and services.

Finance 116

Finance Consumer Marketing ATS 116

Retail TouchPoints

JANUARY 27, 2022

Did your brand make any new year’s resolutions for 2022? One of the best resolutions brands can make — at new year’s or any time — is to be more cognizant and responsive to shifting trends in consumer priorities. Not only is sustainability crucial for the planet, but consumers reward the brands they see making the effort, too.

Shopping 264

Shopping Thrift Store Finance Consumer 264

Retail TouchPoints

AUGUST 18, 2022

But now, as BNPL offerings — and consumers’ understanding of them — mature, the explosive growth of the last two years is slowing. With inflation and interest rates on the rise, a more nuanced approach to BNPL is emerging, and experts say that’s a good thing for both consumers and retailers. In fact, 50% of U.S

Merchant Services 278

Merchant Services Payment Services Consumer Point of Sale 278

Retail Gazette

MARCH 19, 2025

These closures, which equated 35 per day, were the second lowest recorded level over the last decade, behind 2022, and stood at 3802 in net terms. This creates opportunities for stakeholders to seize momentum and unlock growth by tackling market challenges and capitalising on evolving consumer behaviours.

Finance 85

Finance Shopping Fashion Consumer 85

Retail TouchPoints

MAY 24, 2023

Unsurprisingly, this has dramatically changed the shopper marketing landscape, and as a result, retail brands are being forced to rethink how they interact with consumers. This next cohort of consumers are financially strained and require a tailored approach to ensure that the value in the products on offer is clearly communicated.

Consumer 297

Consumer Marketing Finance Shopping 297

Small Biz Trends

AUGUST 17, 2022

Owning and operating a brand new car in 2022 will cost you as much as $10,728 annually or $894 per month. The annual driving costs study revealed that the average yearly cost in 2022 is $10,728 or $894 per month. Cost of Car Ownership in 2022. In 2022, fuel prices averaged 17.99 per month in 2021. cents a mile).

Finance 104

Finance Consumer ATS 104

A1 Retail

JANUARY 10, 2023

The Barclays report combines hundreds of millions of customer transactions with consumer research to provide an in-depth view of UK spending. Consumer card spending grew 4.4 percent rise in consumer price inflation. percent in December 2022, though this was slightly lower than November’s year-on-year growth (7.1

Finance 98

Finance Outdoor Supermarket Department Stores 98

Retail TouchPoints

NOVEMBER 30, 2022

Black Friday was a very big day and this continues to be an incredibly important bellwether, reflecting both the consumer psyche as well as the strength of our economy.”. I think it’s turning out to be even bigger than we expected in terms of seeing enthusiasm across consumers and the shopping public.”.

Accounting 264

Accounting Promotions Outdoor Finance 264

Cisco Retail

MARCH 3, 2022

Many challenges lay ahead for financial services IT in 2022 and beyond. To help define the scope of finance services IT priorities, we have identified five key challenges that must be overcome to realize growth expectations. Proactive data and threat monitoring and mitigation. Navigating evolving regulatory compliance guidelines.

Accounting 138

Accounting Finance Planning Marketing 138

Retail TouchPoints

AUGUST 22, 2024

Although her Wall Street background gave her a clear advantage in finance, her time working under Mary Beth Laughton — Sephora’s VP of Ecommerce at the time — unlocked new career possibilities. In most cases, items are dropped at consumers’ doorsteps within two hours.

Fulfillment 276

Fulfillment Drop-Shipping Shipping Customer Experience 276