article thumbnail

Ukraine Crisis: Retailers React With Direct Support, Charitable Efforts and Product Boycotts

Retail TouchPoints

Additionally, reported claims that Italian fashion companies were seeking exemptions from Russian sanctions have been denied by officials, according to WWD. Etsy is canceling the current balances owed by all sellers in Ukraine, including listing fees, transaction fees and advertising fees. Some liquor stores in both the U.S.

Grocer 241
article thumbnail

Retailers are losing tens of millions by undervaluing their retail media assets

Inside Retail

Retail aggregators (retailers that sell multiple brands, such as electricals, beauty, fashion, home improvement, sport & leisure, pure-play e-commerce, pets and pharmacies), represent the largest section of that market at $1.4 When a retailer takes that advertising spend, that’s a new revenue stream.”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fraud prevalent across secondhand sites like Depop, Which? reveals

Retail Gazette

The news comes as the latest UK Finance data revealed purchase scams were the most common type of authorised push payment (APP) fraud, making up 66% of cases reported to banks. ” Last month, eBay joined Depop in ditching fashion selling fees for pre-worn clothing on its platform, in an effort to encourage circular fashion. .”

Fashion 57
article thumbnail

How GSN Makes Buying Fine Jewelry Friction-Free and Fiscally Responsible

Retail TouchPoints

For fashion and even semi-fine jewelry, paying with a credit card isn’t such a hassle. Although fractional payments and financing are certainly not new in the jewelry industry, GSN wanted to make purchasing high-ticket items as easy as possible for customers. Not that we won’t do it ever , because we will for high-priced items.

Jewelry 242
article thumbnail

Four Ways Retailers can Leverage Generative AI to Transform their Business Today

Retail TouchPoints

A fashion retailer, for example, will want to quickly list its new season’s assortment on its digital channels in order to market and promote these products to customers. Prior to 2016, Jhunja held a variety of leadership roles in quantitative finance and investment banking in the NYC area.

article thumbnail

Starbucks, Amazon and Gucci: Retail embraces crypto, but it’s not easy

Inside Retail

In August 2021, German streetwear brand Philipp Plein became the first fashion brand to accept cryptocurrency at its new crypto concept store in London. In countries where crypto is more regulated, retailers have opted to join forces with licensed payment platforms that are registered with local finance institutions to process transactions.

article thumbnail

“Just the beginning”: Showpo partners with Meta to trial 3D models

Inside Retail

The new advertising trial is in partnership with Meta, which Showpo founder Jane Lu tells SmartCompany is inline with the digital retailers aim to provide customers with an efficient and innovative shopping experience. Showpo will judge the success of its AI model advertising through return-on-ad-spend, click-through rates and conversions.