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‘Cash or Card?’: Why More Financing Choices Drive Consumers’ Decisions on Which Retailers to Shop

Retail TouchPoints

A recent study of more than 4,700 consumers from Bread Financial indicates payment choices — including retail store credit cards, bank branded credit cards and buy now, pay later (BNPL) — at checkout have become a major factor in pleasing shoppers and closing a sale. Is it Great Service or Great Financing Options?

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Yahoo’s New Shoppable Ads Support Multi-Retailer Checkout

Retail TouchPoints

Yahoo has partnered with ecommerce enablement software MikMak to offer add-to-cart functionality and ecommerce analytics for advertising campaigns on its properties, which include Yahoo Finance, TechCrunch and AOL.

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Big Lots Plans to Open 500 New Stores, Increase Annual Sales to $8-10 Billion

Retail TouchPoints

Home discount retailer Big Lots is returning to expansion mode after more than a decade of flat store growth, with plans to open as many as 500 new stores in the next six to seven years. The off-price chain plans to open approximately 50 net new stores this year, and ramp up the pace of expansion to about 80 stores per year thereafter.

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Apple Launches Long-Awaited BNPL Offering

Retail TouchPoints

Apple’s plans to enter the buy now, pay later (BNPL) space were seen as a vote of confidence for the financial product, which saw huge consumer uptake during the pandemic but also raised concerns over consumers’ misunderstanding of loan terms and a lack of regulation in the space. and will roll out to all users in the coming months.

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One third of UK shoppers have finished Christmas shopping by Black Friday

365 Retail

New research from Checkout Finance provider, Divido , has found that over a third (35%) of Christmas shoppers plan to make most of their purchases between now and Black Friday weekend. Further to this, three in 10 (30%) 25-34 year olds ranked checkout finance as one of their top three ways to pay this Christmas.

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American Dream Again Misses $8.8 Million Loan Payment

Retail TouchPoints

million debt service payment on municipal bonds sold to help finance the venture, due to insufficient funds. The 35 brands that will be represented each have individual leases, but American Dream will staff the store, provide a shared checkout experience and host a loyalty program. 14 for one floor of a planned two-floor space.

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Is BNPL the right choice for your business?

Inside Retail

What BNPL plan will work best for your product price points, and will you need any additional accreditation? If you sell expensive items and need to offer financing over a longer-term, then you may need a pay-by-finance BNPL plan which involves applying for a credit license. There are several different types of BNPL.