Retail TouchPoints

APRIL 5, 2022

When it comes to embracing ethical commerce and moving corporate social responsibility (CSR) strategies forward, Amazon Web Services (AWS) research shows that retailers and CPGs identify three primary hurdles to success. This category includes discount stores, mass merchants (“big box stores”) and businesses focused on specialty hardlines.

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Merchant Services Beauty and Health Returns Consumer 272

Retail TouchPoints

OCTOBER 6, 2022

The Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment, providing a wealth of insights to help merchants refine and optimize their holiday strategies. The return to offices and social events is inspiring consumers to level up their wardrobes and focus more on apparel and footwear.

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Retail TouchPoints

NOVEMBER 4, 2021

Some of the most popular gift-giving categories are those experiencing the highest levels of inflation, including electronics , toys and apparel. Even outside of the holiday season, uptake in buy now, pay later (BNPL) services is exploding in the U.S., This is causing many Americans to stress this holiday season.”.

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Consumer Merchant Services Payment Services Drop-Shipping 264

Retail TouchPoints

AUGUST 7, 2023

That, of course, is the key to Wish’s business model — by connecting international consumers directly with manufacturers (most of them Chinese, although diversifying the company’s merchant base is one of the company’s key turnaround pillars), customers can get products for dirt cheap. Doubling down on merchants outside of China.

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Merchant Services Drop-Shipping Shipping Payment Services 245

Retail TouchPoints

NOVEMBER 12, 2021

It took Shopify merchants nearly 15 years to reach a cumulative GMV of $200 billion. I think a world without independent brands and independent merchants and local stores is a very boring world and a very boring landscape for commerce. It took just 16 months for them to double that figure. What stood out to you in the findings?

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Retail TouchPoints

AUGUST 26, 2022

Now we’re seeing a big expansion of it, not only across merchants but also into less expensive or more ordinary type purchases. In terms of back to school, we’re seeing BNPL being used for things like books or apparel.”. “Everyone always thinks of [BNPL for] buying the Peloton.

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Merchant Services Checkout Apparel Shopping 277

Retail TouchPoints

OCTOBER 15, 2021

this year alone, representing approximately 21% of the total women’s apparel market. The business case is clear, but the looming question for apparel brands and retailers is: How do we make inclusivity a tangible — and profitable — business strategy? If you look at this process, there’s a lack of relatability,” Orschell noted.

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Inside Retail

OCTOBER 19, 2021

As global apparel revenues plummeted almost 20 per cent in 2020, e-commerce has emerged as the silver lining of the fashion industry’s challenging year. New customers are a major growth engine for retailers, but many merchants view first-time online shoppers as high-risk due to their unfamiliar behaviour and lack of purchase history.

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Retail TouchPoints

NOVEMBER 3, 2020

Retailers, particularly those in the apparel, footwear and soft goods verticals, have an opportunity to turn the lemons from COVID-19 into lemonade, according to Keith Jelinek and Richard Maicki, Managing Directors in the Performance Improvement Practice of Berkeley Research Group (BRG). Keith Jelinek.

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Drop-Shipping Merchant Services Fulfillment Shipping 200

Inside Retail

AUGUST 27, 2024

Global e-commerce logistics provider ShipBob recently released its Global State of Fulfillment Report, which suggests that 36 per cent of brands internationally will ship to new countries this year. ShipBob is a global supply chain and fulfilment technology platform designed for SMEs and mid-market e-commerce brands.

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Merchant Services Fulfillment Shipping Inventory Management 147

Retail TouchPoints

JUNE 10, 2020

However, unchecked abuse of returns policies can put a merchant out of business: 54% of the merchants surveyed in a study conducted on behalf of Forter indicated that they lost more than $5 million in revenue each year due to returns abuse. Processing legitimate returns can negatively impact a retailer’s bottom line.

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Inside Retail

JANUARY 12, 2023

Apparel, beauty, health and wellness were the biggest beneficiaries at that time. Twitter Shops enables merchants to showcase up to 50 products on their Twitter profile. And for consumers: Discovery of new products and services. Complexity of fulfilment options, whether via marketplaces, retailers or DTC.

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Retail TouchPoints

SEPTEMBER 10, 2024

In March 2024, the International Council of Shopping Centers reported that consumers returned 22% of products they bought online from apparel retailers. From the merchant side, collecting that level of personal information opens the door to data governance issues. Which brings in another challenge of the ecommerce world, returns.

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Merchant Services Returns Fashion Consumer 278

Inside Retail

MAY 16, 2022

“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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Merchant Services Apparel Finance Fulfillment 130

Inside Retail

JANUARY 30, 2024

The services provided under this collaboration will encompass local pick-up, warehousing, international transportation, access to Chinese bonded warehouses, customs clearance, and comprehensive delivery services across China. Focusing on beauty and apparel Initially, the partnership will focus on the beauty and apparel segments.

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Inside Retail

DECEMBER 10, 2024

However, this change would come with some risks, particularly around customer loyalty, as it would mean shifting away from customer service and toward data monetisation. This shift will benefit sports and athletic apparel retailers, such as Lululemon Athletica and Urban Outfitters, as well as sports and fitness equipment vendors.

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Retail TouchPoints

JULY 17, 2020

Mass merchants in particular have benefited from this change: private label sales in the segment have increased by 41% over the past five years , approximately 4X higher than overall private label growth. COVID-19 Creates The Foundation For Private Label Renaissance. COVID-19 Creates The Foundation For Private Label Renaissance. growth rate.

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Retalon

DECEMBER 8, 2021

Why should retailers care about their Order Fulfillment Process? Order fulfillment may seem like a fairly straightforward process and according to the generic “high-level” definition, it is. In today’s market, putting the right fulfillment system in place gets you a competitive edge.

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Fulfillment Merchant Services Drop-Shipping Shipping 41

Retail Times

MARCH 22, 2021

From finding the right vendors to crafting mutually-beneficial agreements with them, the pointers below should give you some ideas that you can apply in your supplier management processes. In retail, this typically involves dealing with your manufacturers, wholesalers, fulfillment partners, and other contractors. Let’s get started.

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Management Merchant Services Payment Services Wholesale 98

Retail TouchPoints

JULY 2, 2021

While discussions on diversity, inclusion and social responsibility have come to the forefront in retail over the last year, the billion-dollar market for adaptive and inclusive apparel remains largely untapped — but that’s changing. “In We’ll talk to our onboard personal assistant, he will know what we prefer and will help us solve problems.

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Merchant Services Customer Experience Marketing Consumer 200

365 Retail

APRIL 28, 2021

Fashion brands are pivoting to offer new, value-add delivery services and improved post-purchase experiences to enhance sales, encourage customer loyalty and protect margins, the latest data from parcelLab , the leading operations experience platform, reveals.

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Merchant Services Payment Services Fashion Checkout 52

Retail Times

MARCH 30, 2021

Many causes of stockouts can be prevented by taking steps to better understand your business and products, and by refining your store’s processes. Such discrepancies can lead to merchants mistakenly thinking that they have an item in stock when they don’t, so they end up re-ordering the wrong products or quantities. Learn More.

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Merchant Services Inventory Management Management Shrinkage 98

Star Miconics

OCTOBER 21, 2022

Restaurateurs and retailers leverage cloud-based, omnichannel order management and fulfillment solutions to reach customers across various mobile and digital channels. In addition, convenience and ease of use helped scale online ordering, curbside pickup, and delivery services, all becoming a mainstay of the modern customer experience.

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Merchant Services Customer Experience Apparel Fulfillment 52

I Love Fashion

JANUARY 19, 2023

Considering the process of wholesale clothing can be divided into 3 categories. Those are- Merchant Wholesalers Brokers or Agents Manufacturer’s Sales and Distribution Let’s have an overview of them. Merchant Wholesalers Merchant wholesalers are also called importers, exporters, supply houses, industrial distributors, etc.

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Small Biz Trends

JULY 19, 2021

These restricted items include but are not limited to certain firearms and parts, goods or services that promote self-harm, COVID-19 products that flout the rule for the sale of COVID-19 related products, etc. The apparel niche is popular among e-commerce store owners. Laptop Stands. Clothing and Accessories. Why shouldn’t it be?

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Accessories Jewelry Merchant Services Marketing 136

Retail Geek

FEBRUARY 19, 2021

million, FY Merchant Solutions revenue grew 116% to $2B Shopify Expands Its Checkout System to Facebook and Instagram. Fourth-Quarter Revenue Grows 94% on GMV Growth of 99% Full-Year 2020 Revenue Grows 86% on GMV Growth of 96% FY Subscription Solutions revenue grew 41% to $908.8 Amazon news: Amazon acquires Seltz, a Shopify competitor.

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Merchant Services Payment Services Fulfillment Home Furnishings 60

Retail Geek

MAY 20, 2021

Many categories were wildly up, most notably Apparel which was up 727% vs the same month last year. Um and shop for apparel. [3:41] Um and shop for apparel. [3:41] Apparel had the greatest comp month in the history of apparel since someone like invented the first fur to put on the naked guy. vs Q4 2020, up 39.1%

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Apparel Drop-Shipping Fashion Shipping 86

Mass Relators

AUGUST 3, 2023

We continued lowering our cost to serve in our fulfillment network, while also providing Prime customers with the fastest delivery speeds we’ve ever recorded. based Prime members could shop deals directly from merchant sites using Buy with Prime. It was another strong quarter of progress for Amazon,” Jassy said in a statement. “We

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Merchant Services Advertising Fashion Apparel 52

Mass Relators

JULY 15, 2024

However, wanting to please their kids, retailers will likely have opportunities to harness the indulgences parents are willing to make,” said Stephen Rogers, managing director, Deloitte Insights Consumer Industry Center, Deloitte Services. Technology and apparel lead the charge among pre-owned products (both at 28%).

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Planning Merchant Services Social Commerce Accounting 52

Retail Geek

JUNE 13, 2022

This month you’ve seen all these news articles about Amazon actually having too much warehouse space too much what they call fulfillment center space and how they’re literally trying to sublease space to other people that they may have over-invested, as e-commerce starts to slow down and if you cook to the this next slide. [8:15]

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Retail Geek

FEBRUARY 28, 2023

Extraordinarily inexpensive apparel and you know inexpensive tchotchkes that you probably didn’t know you need but like if you start browsing the side it for a.m. Scot: [6:16] Should be over should be like part of the onboarding. Producers in China and it does have very much of a wish Vibe like it’s a lot of.

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Apparel Drop-Shipping Social Commerce Shipping 52

Retail Geek

APRIL 8, 2022

It felt pretty normal which was awesome and one of the best things about shoptalk normally is the networking and catching up with friends and I feel like that was in full effect and, extra fulfilling this year because you know I just got to see a bunch of people that I enjoy spending time with that I hadn’t gone to Sea in a couple of years.

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Payment Services Merchant Services Consumer Fulfillment 59

Retail Geek

APRIL 7, 2023

So that was interesting and then the to me the most geeky coolest thing of all although controversial is during the pandemic, the Brazilian government launched a government-sponsored instant payment system so I got. The thing that has grown a ton is you know shoptalk offers this Meetup service.

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Merchant Services Payment Services Social Commerce Advertising 52

Retail Geek

OCTOBER 29, 2021

It was a rigorous process. Jason: [3:54] That that is awesome I’m going to assume the one slight negative is you get some good news like that you get all those those post cooking on LinkedIn and I’m assuming, every vendor under the planet has I read your news and is now pitching you for something.

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Advertising Merchant Services Payment Services Finance 52

Retail Geek

AUGUST 1, 2022

Very profitable, doing really well you’ve got a smaller ad business super profitable doing really well growing rapidly AWS the cloud component now merchant services which is essentially the monetization of the, Center asset you had to build for the first piece. Scot: [36:22] Yeah yes Father they’re not doing well.

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Merchant Services Consumer ATS Apparel 52

Retail TouchPoints

SEPTEMBER 3, 2020

In the wake of COVID-19, returns are receiving serious (and necessary) attention for several key reasons: Retailers are spending more processing returns in stores. However, apparel and department stores are elevated. Normally, apparel returns are roughly 7.5% But despite representing $309 billion in lost sales for U.S.

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Retail TouchPoints

MARCH 24, 2023

Shopify has launched a new integration with Google Cloud that enables its merchants to leverage Google-quality search capabilities and AI innovations on their sites. Enterprise brands on Shopify can now access Google Cloud’s Discovery Al solutions directly through Commerce Components , Shopify’s enterprise retail solution.

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