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Digital Revolving Credit: A Potentially More Responsible Financing Option than BNPL

Retail TouchPoints

Digital revolving credit is an ecommerce financing option that allows users to instantly open a revolving line of credit in the shopping cart that can be used and reused repeatedly over a lifetime. This is in comparison to BNPL’s payment option, which finances individual purchases with separate fixed-term installment loans.

Finance 239
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GNC Names New CEO and CFO

Retail TouchPoints

GNC has promoted Josh Burris from President to CEO of the health and wellness retailer, and has named Cam Lawrence as its new CFO. Officer before being promoted to President. Lawrence also started in 2019, as SVP Finance and Chief Accounting Officer, and has been acting as interim CFO during the past several months.

Finance 182
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Retail appointments of the week

Inside Retail

According to Coles, Han will be responsible for driving the strategic growth of its omnichannel offer, as well as delivering a seamless and unified customer experience through an acceleration of its digital capabilities. She has a background in marketing, finance and accounting which gained from her previous roles.

Finance 130
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Blockchain and Luxury Retail

Retail Focus

To address these issues, luxury brands are seeking innovative solutions, with blockchain technology emerging as a promising tool to safeguard authenticity and enhance the customer experience. What are Blockchains and how do they work? Blockchain can be public or private and supports smart contracts.

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How Natori Used AI to Sharpen Retargeting and Achieve a 943% ROAS

Retail TouchPoints

Natori can use Albert to target customers who had previously engaged with and/or purchased similar products, registered on the ecommerce site or participated in a promotion. She left a prestigious Wall Street position to start the company; similarly, Ken left a career in finance to join the company in 2007.

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City Furniture Overhauls Ecommerce Approach to Create Highly Customized Shopper Journeys

Retail TouchPoints

Overall, mobile accounts for the majority of CITY Furniture’s traffic now, and the retailer is able to offer entirely different experiences to its mobile and desktop customers while still leveraging the same backend services, thanks to the headless microservices architecture approach. “For

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Why UK Retailers Should Save Some of Their Christmas Marketing Spend for Chinese New Year

Retail TouchPoints

Like most other international tourists, many Chinese tourists still get a large amount of cash out for their shopping and food and beverage (due to exchange controls, privacy of purchase issues on their cards and bank accounts, card cloning fears and more), so make sure you can accept cash at all your tills too.