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Lifestyle products and services: How to harness Asia’s silver economy

Inside Retail

As populations age and start to fall, there is tremendous interest in providing goods and services to the elderly. This means the elderly in Singapore have, and will have, a greater capacity and willingness to spend on goods and services for themselves and their loved ones. Retailers don’t want to be left behind.

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Hair salon penalised over unlawful cashback scheme

Inside Retail

The former operators of a Sydney hairdressing salon have incurred more than $291,000 in penalties, as well as having received backpayment orders, for having underpaid a worker through an unlawful cashback scheme. compensation (plus interest) to rectify the underpayments and cashback payments.

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Discounts Drive Record-Breaking Black Friday, Cyber Weekend Spending

Retail TouchPoints

with footwear , health and beauty and skincare among the highest-performing verticals. According to Salesforce stats, mobile usage reached an all-time high on Black Friday, accounting for 79% of all digital traffic, up from 76% in 2022. billion in the U.S. billion in globally, driven by the “steady drumbeat” of discounting.

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Square Launches Accelerator Program for Black and Hispanic Retail Entrepreneurs

Retail TouchPoints

Participating businesses also will receive checking and savings accounts and hardware from Square. Retail businesses must be: Part of the clothing and accessories, health and beauty, home goods and furniture or food and beverage sectors; Based in the U.S.; Applications for Forward are open through April 1, 2023.

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How digital helped Domino’s top $3 billion

Inside Retail

As part of its efforts to create a seamless online customer experience, Domino’s introduced contactless services in all markets to make customers feel safe. Digital payments have been in high demand in the last year as consumers turned their back on cash and opted for speed and convenience. Need for speed. Catering to local tastes .

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Have Temu and Shein Thwarted Wish’s Hopes of a Comeback?

Retail TouchPoints

A few days before reporting Q2 earnings, Wish also announced plans to cut approximately 34% of its workforce, or about 255 employees, in order to “refocus the company’s operations.” Temu also operates as a manufacturer-to-consumer marketplace and offers a wide range of merchandise, from homewares to apparel.

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One to watch: APAC goes all in on social commerce

Inside Retail

Covid-19 changed the way we purchase products and services. In 2021, it was projected to generate $363 billion in sales, up 36 per cent, year on year, accounting for 13 per cent of total e-commerce sales. In Australia, new payment methods are making online shopping, especially transactions on social media, faster and easier.