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. Each year, MAPIC hosts some of the retail real estate industry’s largest leasing announcements—and 2022 was no different.

Finance

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. The new Square-specific Amex credit card, which will be powered by i2c Inc. small business owners.

Merchant Services

Retail TouchPoints

MAY 2, 2023

million of debtor-in-possession financing to support ongoing operations during the 2023 proceedings — which led to Invictus opposing its plan to go out of business entirely. 1, 2022, saw net sales of $157.1 compared to Q1 2022. The off-price retailer also obtained a commitment from Invictus Global Management to provide $51.5

Merchant Services

Retail TouchPoints

NOVEMBER 3, 2023

spending forecast to climb 3%-4% over 2022, generating between $957.3 It is not surprising to see holiday sales growth returning to pre-pandemic levels,” said Matthew Shay, President and CEO of the NRF in a statement. “It Overall household finances remain in good shape and will continue to support the consumer’s ability to spend.”

Finance

Retail TouchPoints

MAY 10, 2024

Amazon , which already has a significant physical presence in Ireland via the Dublin fulfillment center it opened in 2022, will now have a country-specific online presence on the Emerald Isle. More than 1,000 Irish SMBs already sell on Amazon, generating over €150 million in export sales in 2022 alone.

Fulfillment

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

Retail TouchPoints

AUGUST 25, 2022

He joins the off-price retailer as it comes off a strong quarter but prepares for a challenging second half of 2022, as Family Dollar stores accelerate discounts to help compete against other retailers who have been dropping their own prices. For Q2 2022, the retailer reported 7.5% Net sales at both banners rose 6.7% to nearly $6.8

Finance

Retail TouchPoints

NOVEMBER 3, 2021

Seun Sodipo will take the CFO job in February 2022. Sodipo most recently led Product Finance and Strategy at Stripe and will bring her expertise in payments to Glossier’s Accounting and Finance teams. She also will draw upon prior experience at roles in private equity firms to help the retailer continue scaling its business.

Finance

Retail TouchPoints

APRIL 24, 2024

billion for FY 2022 to $4.7 We remain fully committed to improving our results and returning the company to health and prosperity,” said Jonathan Ramsden, Chief Financial and Administrative Officer of Big Lots in a statement. “We Net sales declined 13.6% , falling from $5.5 billion for FY 2023.

Finance

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.

Finance

Retail TouchPoints

DECEMBER 8, 2022

Buyers tend not to read the fine print about credit reporting, return policies, interest rates and late fees for purchases, thus crippling their personal ability to apply for loans. Government officials said in September 2022 that they aim to regulate lenders in the same way they monitor credit card companies. .

Payment Services

Small Biz Trends

MAY 28, 2022

TECHSPO ATLANTA 2022 is a two-day event that will showcase the developers, brands, marketers, technology providers, designers, innovators, and evangelists of upcoming technologies. TECHSPO Atlanta 2022 Technology Expo (Internet ~ Mobile ~ AdTech ~ MarTech ~ SaaS). June 30, 2022, Atlanta, Georgia. Strategic Marketing 2022.

ATS

Small Biz Trends

JULY 21, 2022

If it does, then purchase order financing or PO financing is just the solution to quickly get the much-needed money to fulfill those orders. In this article, you will learn what purchase order financing exactly is, how it works, and the top purchase order financing companies, let’s dive in.

Finance

Mulesoft

OCTOBER 17, 2022

MuleSoft is returning to the Money20/20 conference from October 23–26, 2022 in Las Vegas. This year, fintech leaders from around the globe are coming together to share forward-looking insights on open finance, embedded services, safe data, cybersecurity, payment networks, fraud, regulation, policy, crypto, and much more.

Payment Services

Cisco Retail

MAY 4, 2022

As we work to return to a “new normal,” we are finally getting back on the road and will be in-person at Hannover Messe 2022! We look forward to connecting with you during Hannover Messe 2022!

Finance

Retail TouchPoints

SEPTEMBER 2, 2022

The 2022 Europe Ecommerce Region report surveyed retailers to see how many are working toward a more circular product model. Preventing, Reducing and Managing Returns. Ecommerce returns rates are on the rise, growing by 95% between 2014 and 2019. New advancements in technology can also reduce returns at source.

Shipping

Retail TouchPoints

JUNE 8, 2023

Fraud Afoot When it comes to sneaker fraud, it was found that “new customers” are consistently riskier than “returning customers.” Returning customers make up the majority of legitimate sneaker shoppers, while both new and repeat customers are evenly represented in fraudulent transactions.

Jewelry

A1 Retail

JANUARY 10, 2023

percent in December 2022, though this was slightly lower than November’s year-on-year growth (7.1 per cent year-on-year – the largest increase since July 2022. percent) enjoyed their biggest uplift since May 2022, as Christmas parties and the FIFA World Cup boosted takings despite the impact of December’s rail strikes.

Finance

Retail Gazette

MAY 20, 2024

.” The deal marks the latest move in the gradual separation of billionaire brothers Mohsin and Zuber Issa, who have spent the past two decades building their retail and petrol forecourt empire from a series of debt-financed acquisitions. But, with the Asda deal removed from the figures, the firm made a pre-tax loss of £98.3m.

Returns

Inside Retail

NOVEMBER 8, 2021

They were generally the companies most exposed to the risk of climate change or which provide finance to these companies. Another is to get companies to respond positively even though the resolutions will be defeated, and sometimes in return for the resolutions being withdrawn before the annual general meeting.

Finance

Retail TouchPoints

SEPTEMBER 20, 2022

The upcoming 2022 Retail Strategy & Planning Series (#RSP22), which runs Sept. Retailers are approaching an uncertain holiday season with any number of questions on their mind: Will pent-up demand beat out shoppers’ inflation-driven caution? Which channels will be most important for driving sales and building loyalty?

Payment Services

VMS

NOVEMBER 30, 2022

W ITH THE WORLD adjusting to Covid a few years later as less of a threat and more a part of everyday life, retailers sought to return to business as usual. n 2022, inflation drove prices and interest rates higher. Starbucks workers organized at many locations in 2022. In 2022, everything reversed. Happy New Year.

Visual Merchandising

Inside Retail

MAY 17, 2022

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. With Cirus’ web extension, the power returns to the customer. Beyond payment. With Web 2.0,

Merchant Services

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. Over the last 12 months (as of January 2022), the retailer brought in $6.2 Big Lots currently operates 1,431 stores across the U.S. billion in sales.

Planning

Retail TouchPoints

AUGUST 2, 2024

The retailer filed for Chapter 11 bankruptcy in June and was unable to secure the necessary financing to keep its 21 brick-and-mortar locations open; all will be closed. This is particularly true with clothing retailers as customers prefer the convenience of shopping for clothing online and take advantage of generous return policies.

Fast Fashion

Retail TouchPoints

JULY 2, 2024

billion after its last funding round in May 2022. The innovation that we at Faire brought to the market was offering free returns and net-60 payment terms. They can return it, and they don’t have to pay for it.” Since its launch in 2017, the platform has raised more than $1.29 billion and was valued at $12.59

Wholesale

Retail TouchPoints

JUNE 27, 2022

In 2022, businesses with brick-and-mortar channels should be looking to invest in their frontline talent: the influential in-store sales associates who advise, educate and delight every customer who walks in the door. For every $92 spent on marketing, only $1 is converted to a sale.

Advertising

Small Biz Trends

JUNE 22, 2022

This could make it difficult for you to get the financing you need to grow your business. Lenders will want to get a higher return on their investment to offset the risk of inflation. They offer a fixed return, regardless of what happens to prices. Higher interest rates. Difficult to budget. Fixed Income Investments.

Payment Services

A1 Retail

OCTOBER 7, 2022

Sarit Packer, Chef, Author and Founder of Honey & Co, explores the art of keeping personal and business finances separate . Fieldwork was undertaken between 27th May 6th June 2022, amongst 1,008 SME senior decision makers, including more than 200 at UK small businesses of 10-49 employees. .

Returns

Inside Retail

MARCH 24, 2025

It couldnt do much else, given the parlous state of its finances and influence after two particularly turbulent years. In the two years between 2022 and 2024, the FCA had five CEOs and a loss of A$1.35 The Franchise Council of Australia has welcomed the commencement of the new regulatory framework for the franchise sector from April 1.

Payment Services

Retail Minded

AUGUST 31, 2022

Not only will your customers return for more, they will act as brand ambassadors for your business by ensuring that others will want the experience as well. You have devoted a great deal of time, effort and financing into developing your product and now you want it, need it to grow. Be smart and maximise every business experience.

Advertising

Small Biz Trends

MAY 21, 2022

On June 24, 2022, SMALL BUSINESS EXPO – NEW YORK CITY is going to bring together leading industry experts and vendors to teach small business owners, entrepreneurs, and startups the latest technologies entering the marketplace. TECHSPO Atlanta 2022 Technology Expo (Internet ~ Mobile ~ AdTech ~ MarTech ~ SaaS). More Events.

ATS

Inside Retail

JANUARY 10, 2023

billion in Singapore in 2022, according to ResearchAndMarkets. 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 share in 2022 – up from 30.6 per cent in 2021.

Payment Services

Retail TouchPoints

APRIL 22, 2024

In order to support continued operations, the company has received a commitment for $35 million in new financing from some of its existing lenders and will also use the $49 million in cash it received on April 15, 2024, from the Internal Revenue Service related to the CARES Act. The partnership transformed Express, Inc. to buy Rag & Bone.

Wholesale

Retail TouchPoints

MARCH 19, 2021

In 2020, the growth in online sales has accelerated to reach levels not expected until 2022 due to the pandemic. Or an auto dealer might pilot video chat to build its digital showroom and then expand the use of co-browsing and form-filling tools to their finance department to help car buyers fill out loan applications or other paperwork.

Consumer

Inside Retail

FEBRUARY 19, 2023

We made a few mistakes” Wesfarmers has attributed the losses primarily to a miscalculation around customer demand after Covid-19 restrictions were lifted in 2022. In 2022, Wesfarmers moved Catch out of the Kmart Group and into its new data and digital arm, OneDigital, led by Nicole Sheffield. Lessons learned?

Management

Retail Gazette

MARCH 15, 2024

Ann Summers chief financial officer John Boyle is retiring from the retailer after 11 years, as Kristina Moln-Page is promoted to finance director of the company. Moln-Page currently serves as head of finance of the business, having previously joined Ann Summers in May 2022 as strategic project consultant.

Finance