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Zilingo on the brink as loan recalled, financial advisor appointed

Inside Retail

“Due to Zilingo’s failure to fulfil prior obligations under the loan agreement, the company’s lenders have made the decision to accelerate the repayment of the entire loan,” Zilingo’s board said in a statement to Reuters. It provides logistics, financing and other services to factories and merchants.

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Consumers Turn to BNPL, BOPIS to Cope with Rising Prices and Supply Chain Uncertainty

Retail TouchPoints

The holidays always tend to put a strain on the piggy bank, but a study from personal finance company Credit Karma found that 43% of consumers are feeling more financially stressed this holiday season, and inflation is the leading cause. Even outside of the holiday season, uptake in buy now, pay later (BNPL) services is exploding in the U.S.,

Consumer 260
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Has retail seen its watershed moment?

365 Retail

If services involve remote assistance, e-tailers should evaluate the software they are putting into use. Payment Modes: Today, consumers use multiple payment modes for online shopping. It is not just about recurring payments, but also integrating it at the backend to support them well.

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What’s Behind the New Urgency Driving Sustainability Initiatives?

Retail TouchPoints

Retail TouchPoints recently partnered with Amazon Web Services on a survey of 500 retail and brand executives and found that the vast majority ( 84% ) have incorporated CSR in some way into their business strategies, largely because they think it is the right thing to do ( 72% ).

Consumer 311
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Competing for a more discerning dollar

Inside Retail

According to CommBank data 2 , online turnover across our merchant base has grown 18.2 This is where putting the customer in control of how they purchase can help, including a range of new financing and payment options for the customer to choose from. 2 CommBank Merchants data – Industry Performance Dashboard.

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5 Vital Considerations for Big Data Analytics in Retail

Retalon

Retail businesses collect more data than ever before, and from every aspect of the supply chain, including: Logistics data (vendor compliance, lead times, etc.). Consider the way retailers traditionally forecast fulfillment. Add in a final fly-by-your-gut manual tweak and the fulfillment forecast would be ready. The result?

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BNPL: Multiple Growth Opportunities Despite Rumblings About Regulation

Retail TouchPoints

Most buy now, pay later offers are interest- and fee-free, unless customers miss a payment. consumers say they have used a buy now, pay later service, according to a recent study from The Ascent, a Motley Fool service. By 2025, buy now, pay later is projected to account for 1.6% ($941 billion ) of global POS transaction value.