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Shopify’s Double-Edged Sword: Tackling Accounting Complexities with Automation

Retail TouchPoints

However, this expansion brings to light a critical issue for CFOs and finance teams: the intricate and often underestimated task of recognizing and booking revenue in the ecommerce domain. For instance, consider a furniture store with a long fulfillment cycle that may not ship purchased items for months.

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2025 Survey Reveals How Enterprise Brands Can Overcome Consumer Pricing Worries

Retail TouchPoints

secondhand market was on a steep growth curve: The 13th annual ThredUp Resale Report showed the secondhand retail clothing market outpacing the market for new apparel by 5X and growing by 14% in 2024 compared to the previous year. Even prior to the current period, the U.S.

Consumer 147
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How retailers are protecting margins and profits amid economic uncertainty

Inside Retail

Yet we still saw an appetite amongst retailers for investing in technology such as artificial intelligence (AI) to drive efficiencies across operations, finance and compliance obligations. We sat down with leading retail finance experts from The Reject Shop, Forever New, Taking Shape and Vinomofo to find out.

Finance 130
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Why On-Demand Manufacturing Will Transform Retail

Retail TouchPoints

In contrast, traditional manufacturing requires large quantities of products to be made and then stored in facilities until they are ready for shipping. That usually leads to overproduction, especially in the fashion and apparel industry where styles and trends can rapidly shift.

Finance 232
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Inventory Accuracy: The Not-so-Secret Ingredient for Holiday Sales Success

Retail TouchPoints

In fact, BOPIS became the new norm for items across all categories, from footwear and apparel to accessories, home goods, furniture and more. This created a ripple effect for retailers that were experiencing a higher volume of ecommerce orders and had to leverage stores as fulfillment centers to process and ship online orders.

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Identifying the ‘Faces’ Behind Faceless Online Transactions

Retail TouchPoints

According to McKinsey , ecommerce sales in apparel, department stores and beauty products have increased by nearly 10%, on average, since the onset of the pandemic. Because of this ease, merchants have begun relying on POS financing to drive sales growth. In 2019 , the total market share of online U.S.

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How Traceability Promotes Ethical Sourcing in the World of Fashion

Retail TouchPoints

They can then collect, organize and distribute these documents while reducing the risk that a customer order goes missing or is shipped without supporting documentation. He earned an MBA from Emory University and a bachelor’s degree in Finance from the University of Florida. Compliance.

Fashion 271