Retail TouchPoints

FEBRUARY 23, 2022

Target is planning to enhance its same-day pickup options in fall 2022 with two additional options: shoppers can add Starbucks items to any order and make returns during curbside pickup transactions. Curbside returns will follow a similar procedure.

Returns 264

Returns Fulfillment Accounting Shopping 264

Inside Retail

JANUARY 18, 2023

Woolworth Holdings’ sale of the David Jones department-store business has cleared the way for the brands of its Country Road Group division to return to the shelves of Myer. Flagship and CBD stores performed particularly well and online sales accounted for 17.2 per cent of turnover, compared with 28.1 per cent for the prior period.

Returns 246

Returns Department Stores Accounting Consumer 246

Retail TouchPoints

MAY 11, 2021

It’s becoming increasingly clear that returns have costs that go well beyond the financial. 5 billion pounds of returned goods end up in landfills and 15 million metric tons of carbon dioxide are emitted in the transportation of returns, according to research conducted by reverse logistics solution provider Optoro.

Returns 312

Returns Consumer Shopping Accounting 312

Inside Retail

AUGUST 9, 2023

Returns present a complex challenge for retailers of all sizes, not only contributing to their carbon footprint, but also eroding their profit due to the cost of managing and paying for reverse logistics and, in some cases, leading to fraud. Meanwhile, the use of returns by customers continues to grow in popularity.

Returns 130

Returns Customer Retention Accounting Fashion 130

Retail Wire

JANUARY 3, 2022

Online sales accounted for 20 percent of all consumer spending during the holiday season, according to Mastercard Spending Pulse. That means that large numbers of returns are bound to follow. Retailers could be looking at returns totaling up to $114 billion if traditional return rates apply.

Returns 130

Returns Accounting Consumer ATS 130

Small Biz Trends

MAY 2, 2022

However, it’s not always possible or sensible to hire an entire accounting team. Luckily, there are outsourced and online accounting services available to fill these needs for you. What is an Accounting Service? Unlike accounting software, this type of service includes a financial advisor or other professional to help you.

Accounting 111

Accounting Payment Services Finance Planning 111

Inside Retail

MARCH 26, 2024

Electric shock to profits The popularity of electric bikes and scooters has been a key driver of revenue for the business recently, with electric bikes accounting for 99 Bike’s biggest growth category. “We Garnsworthy believes that 99 Bikes will return to opening five to six stores annually in the future. The company achieved an 82.6,

Returns 130

Returns Planning Specialty Retailers Customer Experience 130

Small Biz Trends

JULY 20, 2022

That’s why most of them rely on accounting software to make their life easier. What is Accounting Software? Small business accounting software is a powerful tool that enables business owners to have complete control over their finances. Why You Should Invest in Small Business Accounting Software. AccountEdge Pro.

Accounting 98

Accounting Payment Services Finance Management 98

Inside Retail

MARCH 19, 2024

Tara Daly, senior director of product marketing at Loop Returns , shares with Inside Retail advice on getting started in the US market, some tips on cross-border shipping and logistics – including managing returns in a way that builds customer loyalty – and how to drive repeat business. Begin with baby steps, she advocates.

Planning 290

Planning Shipping Returns Customer Retention 290

Inside Retail

JANUARY 24, 2022

May his soul Rest In Peace,” said a statement on Mugler’s official social media accounts. . The designer retired from the brand in 2002 before returning in 2013 as the creative adviser. “I will miss you Thierry Mugler, this was a wonderful time in our lives,” said Diana Ross on her Twitter account.

ATS 244

ATS Fashion Accounting Returns 244

Retail TouchPoints

FEBRUARY 21, 2024

Online shopping is now easier than ever before, enabling consumers to purchase everything from socks to a dining room table from a computer at their home to a mobile phone in an airport terminal. According to Insider , total retail returns were projected to grow 2.2% billion in 2023 — accounting for 8.5% of total retail sales.

Shipping 280

Shipping Drop-Shipping Returns Comparison Shopping 280

Retail TouchPoints

JUNE 10, 2020

Consumer-friendly and flexible return policies can be the difference between getting a new customer and losing a sale. According to proprietary research conducted by Forter, 23% of shoppers will abandon their carts if returns options are poor. Returns Abuse And Customer Expectations. This is amplified in some industries.

Returns 175

Returns Merchant Services Drop-Shipping Accessories 175

Inside Retail

FEBRUARY 19, 2024

The Iconic has launched a new branding campaign over a month after the online fashion retailer found itself in defence mode due to fraudulent transactions made via customers’ accounts. ” In January, The Iconic committed to refunding customers after fraudulent orders were made on their accounts. .

Accounting 246

Accounting Fashion Returns Shopping 246

Retail Gazette

DECEMBER 5, 2023

THG has said all employees based at its Manchester head office must resume in-office work on a full-time basis for five days per week, starting 2 January 2024. We therefore took the decision to return to a more regular, pre-Covid way of working and we will be asking our valued employees to attend the office five days per week.

Returns 98

Returns Accounting ATS 98

Retail TouchPoints

JANUARY 11, 2023

alone by 2024, accounting for 20% of total digital ad spend, according to Insider Intelligence. At Microsoft, we’re empowering retailer success by creating an economic engine for retailers while enabling them to own their data and customer relationships.”. Retail media spend is projected to reach more than $61 billion in the U.S.

Advertising 315

Advertising Planning ATS Marketing 315

Inside Retail

SEPTEMBER 6, 2023

At the moment, he feels it’s unlikely that Bucherer will become the exclusive retailer for Rolex. Pre-owned watch sales reached US$22 billion in 2021, accounting for nearly one-third of the overall US$75 billion luxury watch market.

Marketing 264

Marketing ATS Accounting Consumer 264

Inside Retail

MARCH 7, 2024

Damien Park-Neilson: My journey into e-commerce began unexpectedly, handling returns in a small warehouse for Seko Logistics, which provided a solid foundation in understanding the intricacies of warehousing and end-mile operations. Did having that insight into the way logistics companies operate help you implement best practices at Meshki?

Fulfillment 249

Fulfillment Shipping Returns Inventory Management 249

Mass Relators

APRIL 26, 2023

is now offering curbside returns at about a quarter of its stores, with plans to be nationwide with the program by this summer. Customers will be able to start a return order online or in the Target app, the company says, and then notify the store when they are on the way. Comparable digital sales declined 3.6%

Returns 52

Returns Accounting Planning Shopping 52

Talking Retail

MAY 26, 2021

Association of Convenience Stores has reiterated its calls for the government to take into account the challenges facing small stores ahead of the introduction of a deposit return scheme (DRS). This story continues at ACS outlines challenges facing c-stores ahead of the introduction of a deposit return scheme.

Returns 118

Returns Accounting ATS 118

Independent Retailer

OCTOBER 5, 2022

This is where a business accountant comes in: Not only can they guide you through hidden deductions and pesky tax forms, but they will also provide solid advice about planning and projections. Why Is Accounting Important? Steps to Finding a Business Accountant. Consider Why You Will Use the Accountant .

Accounting 75

Accounting Finance Management Returns 75

VMS

JANUARY 2, 2023

That’s according to an announcement on a website purporting to represent the long-defunct discount retailer, which says Ames is “returning in spring 2023.” The announcement, however, has been met with skepticism on account of Cross Moline Ventures having a minimal online presence in the form of an under-construction website.

Department Stores 89

Department Stores Returns Accounting Location 89

Retail TouchPoints

JANUARY 12, 2024

With the Just Walk Out technology, staff members can use their employee badges to pay for items by scanning it at the entrance to the hospital’s food and beverage concessions. Non-staff members can use credit cards, mobile wallets, QR codes or the Amazon One palm payment system to enter and shop at the checkout-free stores.

Payment Services 264

Payment Services Accounting Checkout Apparel 264

Independent Retailer

MARCH 20, 2023

A big trend among some online sellers is buying Amazon return pallets and overstock and flipping the items for big markups. What are Amazon Return Pallets? Why Would You Want Amazon Return Pallets? Where to Buy Pallets What is the best time to buy Amazon return pallets? What is the Process? You bid on the auction and win.

Returns 73

Returns Shipping Payment Services Accounting 73

Retail TouchPoints

DECEMBER 26, 2023

The report reveals that 40% of baby boomers are highly unlikely to shop again at a retailer if a product does not align with its online image. In essence, poor visual representation can lead to a sharp drop in customer loyalty among baby boomers, putting retailers at risk of losing a substantial portion of this market segment.

Returns 275

Returns Customer Experience Consumer Advertising 275

Retail TouchPoints

OCTOBER 6, 2023

To succeed in the holiday peak season and ensure seamless fulfillment, deliveries, and returns, it’s essential for these partners to monitor key metrics, analyze operational data and maintain communication. 4: Return rates. Returns are an inevitable part of retail. Consider the following six metrics as North Star indicators.

Fulfillment 310

Fulfillment Returns Shipping Promotions 310

Retail TouchPoints

APRIL 11, 2022

Sink, currently SVP of Retail Finance at the retailer, will replace Dave Denton, who is departing to pursue another opportunity. Sink has more than 20 years of finance and accounting experience, including 12 years at Lowe’s in roles across finance, strategy and accounting.

Finance 288

Finance Promotions Accounting Returns 288

Inside Retail

JULY 27, 2023

Co-founder Martin Hosking returned to the business in March to lead it back to growth. Since his return, Hosking’s short-term goal has been to reduce its cost base and become profitable “as soon as possible.” The business’ share price currently sits at 60 cents per share. However, Redbubble’s problems run deep.

Accounting 242

Accounting Returns Management Marketing 242

Retail TouchPoints

NOVEMBER 9, 2020

Deloitte Digital estimates that online retail is growing at more than twice the rate of brick-and-mortar sales. While the retail industry has been evolving for years, the consumer packaged goods (CPG) sector, in particular, is at a critical inflection point. And within ecommerce, subscription models are becoming increasingly popular.

Returns 279

Returns Consumer Shipping Accounting 279

365 Retail

APRIL 27, 2021

Kantar said older shoppers accounted for nearly half of the rise in so-called footfall to stores, with much of the over-65 community now vaccinated. billion in the 12 weeks to April 18, in a further slowdown in the rate of growth seen a year earlier when shoppers panic-bought at the start of the coronavirus crisis.

Returns 115

Returns Supermarket Accounting Consumer 115

Inside Retail

OCTOBER 21, 2021

James Johnson, director of technology services & strategic accounts, APAC at Shopify, says it is critical for Australian retailers to optimise their product offers and sales channels to make the most of the sales season and seize the opportunity to end a difficult year on a high.

Returns 130

Returns Merchant Services Shipping Payment Services 130

Inside Retail

NOVEMBER 1, 2023

Victorians can now return their used Tetra Pak beverage cartons for recycling and receive a 10c refund following the launch of Victoria’s Container Deposit Scheme (CDS). “Ultimately, this will lead to better environmental outcomes across Victoria. .

Returns 246

Returns Supermarket Accounting Consumer 246

Mass Relators

DECEMBER 14, 2022

WASHINGTON, December 14, 2022 – Consumers are expected to return more than $816 billion worth of retail merchandise purchased in 2022, according to a report released today by the National Retail Federation and Appriss Retail. As retail sales continue to grow, the average rate of return has remained flat at 16.5%

Returns 52

Returns Accounting Customer Experience Consumer 52

VMS

JANUARY 25, 2022

(PRESS RELEASE) 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. This accounts for an average of 16.6 The 2021 total rate of returns (16.6 to return fraud. percent of total U.S.

Returns 52

Returns Visual Merchandising Accounting Apparel 52

Retail TouchPoints

DECEMBER 30, 2021

Account takeover fraud, which is driven by impostor scams, increased by 50%, with no signs of slowing down in 2021. Scammers gather financial account information and government program ID numbers to take over accounts, divert funds and commit identity fraud. K eep bots out of your customers’ accounts and checkout.

Merchant Services 298

Merchant Services Accounting Payment Services Returns 298

Retail Gazette

APRIL 11, 2024

Asda has been pressed to share a draft copy of its results with investors after its auditor failed to sign off in time on company accounts. The figures showed a return to profit for the supermarket, after it made a £112m loss in 2022.

Supermarket 104

Supermarket Accounting Returns ATS 104

Inside Retail

OCTOBER 5, 2023

per cent, followed by insurance and self-managed investments at 7.9 It shows businesses are looking carefully to maximise the return on investment from each dollar they spend.” It shows businesses are looking carefully to maximise the return on investment from each dollar they spend.” Australia has witnessed a $2.9

Advertising 264

Advertising Accounting Returns Management 264

Inside Retail

NOVEMBER 11, 2021

According to the WGEA, women account for 93.5 per cent of all primary carer’s leave utilised, and men account for 6.5 Having someone external who is experienced and objective to talk to about the often unspoken challenges of becoming a parent, and subsequently, a working parent is vital to one’s successful return.

ATS 130

ATS Returns Accounting 130