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Serial Returners and Refund Fraudsters: How Brands are Fighting Back With Data Insight

Retail TouchPoints

Online return fraud cost U.S. For every $100 in returned merchandise accepted, U.S. to return fraud, the NRF has calculated. While it is possible for shoppers to commit return fraud innocently simply by mis-reading the returns policy, a significant number of returns are the result of premeditation and malicious intent.

Returns 251
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NRF: Holiday Spending Could Top $966B, but Shift from Goods to Services Continues

Retail TouchPoints

“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. Overall household finances remain in good shape and will continue to support the consumer’s ability to spend.” consumers spent online during holiday 2022. for the Nov.

Finance 256
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How Could An Accountant Help Your Small Business Grow? 3 Key Benefits

365 Retail

If you’re looking for ways to grow your business this year, then an accountant can be a great help. Managing all your finances yourself is not only incredibly stressful, but it also takes time away from moments where you could be focusing on other areas of the business. Running a small business often involves a lot of multitasking.

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What High Interest Rates Historically Mean For Consumer Spending?

Retail Minded

As needs and the finance landscape evolved, credit and consumer spending became a formal deed. Many historical data show that higher interest rates can translate to much better returns on savings accounts. That’s why people would rather pay off their balances as soon as money comes in, even if their finances are tight.

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Squad shopping and self-improvement: Five consumer trends to watch in 2023

Inside Retail

Recent years have seen rapidly evolving changes in all areas of consumer behaviour and there is little doubt it will continue in terms of the products and services that people want, who they want them from, and where and when they want to access them. Rather than talking about what we do when we’re out there, it’s about how it makes us feel.”

Consumer 130
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Here’s Why Store Cards Are Good For Consumers

Retail Minded

In this guide, we’ll explain why store credit credits are a great option for consumers. You’ll find special offers, rewards, and financing options whenever you shop at participating locations. Store credit cards and general-purpose credit cards each serve their own distinct role in the consumer finance landscape.

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Guarding the Retail Fortress: Cybersecurity Challenges and Network Interruption Risks

Retail TouchPoints

A network outage can mean lost sales in the short term, as shoppers simply move to another brand for that purchase, or losses in the long term if that customer does not return. A cyberattack that compromises customer personal information can diminish the trust consumers place in a brand. Mary’s College of California.