Retail Minded

NOVEMBER 8, 2022

But they do want a faster, more efficient shopping experience once they’re within those doors. . Although self-service checkouts were first introduced in 1986 , they are still far from perfect. Plus, when implemented the wrong way, they only add friction to the shopping experience. . ShopRite’s Scan and Go app has a dismal 2.2

Checkout 97

Checkout Payment Services Inventory Management Grocer 97

A1 Retail

OCTOBER 9, 2023

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

Shopping 59

Shopping Finance Checkout Planning 59

Retail TouchPoints

OCTOBER 21, 2022

McKinsey calls this embedded finance — when a financial product or solution is placed in a non-financial setting, for example on a social media platform or in a store (private label credit cards are one old-school example). Embedded finance has become big business: McKinsey estimated that the sector reached $20 billion in revenue in the U.S.

Merchant Services 326

Merchant Services Payment Services Checkout Finance 326

Retail TouchPoints

JULY 8, 2022

Customers that have a positive point-of-sale financing experience are more likely to repeat purchases from that retail brand if the BNPL option is white-labeled for the retailer. Providing a consistent user experience and financing across retail channels also helps merchants build brand equity. The best part? Bottom Line.

Merchant Services 262

Merchant Services Payment Services Point of Sale Checkout 262

Inside Retail

MARCH 21, 2024

Choco Up – a company that helps e-commerce brands grow and scale their business with fast, flexible and founder-friendly revenue-based financing – decided to look into consumer intentions and behaviours to find out what else drives purchasing decisions in today’s retail environment beyond price. The beauty of online shopping is its ease.

Consumer 130

Consumer Dead-Stock Finance Inventory Management 130

Retail TouchPoints

FEBRUARY 7, 2023

million debt service payment on municipal bonds sold to help finance the venture, due to insufficient funds. The mall, which opened after a years-long delay in October 2019 , struggled (as many retailers and malls did) with COVID-19’s impact on in-person shopping. The American Dream mall and entertainment complex failed to make a Feb.

Payment Services 255

Payment Services Department Stores Checkout Finance 255

Retail TouchPoints

APRIL 15, 2021

Signifyd has received $205 million in Series E growth equity financing that values the company at $1.34 The funding will be used to expand the Signifyd Commerce Protection Platform and identity graph globally across digital shopping and payments.

Merchant Services 184

Merchant Services Payment Services Checkout Finance 184

365 Retail

OCTOBER 11, 2022

A new study from FIS ® (NYSE: FIS), shows how the shopping preferences of younger UK consumers have shifted as adoption of embedded finance services reaches mainstream usage among Millennials and Gen Zs, while their older counterparts are less engaged with newer, digitally-oriented financial experiences.

Merchant Services 98

Merchant Services Payment Services Finance Checkout 98

Retail TouchPoints

AUGUST 3, 2022

Buy now, pay later is short-term financing that allows people to buy everyday items like home goods, electronics and clothes in low to no interest monthly installments — and receive the goods immediately. BNPL financing is relatively easy for retailers to manage. It drives order value. It’s widely available. •

Payment Services 260

Payment Services Finance Point of Sale Checkout 260

Retail TouchPoints

OCTOBER 11, 2023

Gem Shopping Network (GSN ) has carved a unique space in the shoppable media market: Its primary business is still conducted via linear television, akin to the Home Shopping Network and QVC, but it also is growing significantly through connected TV (CTV) and streaming platforms like Apple TV, Roku and YouTube.

Jewelry 258

Jewelry Payment Services Consumer Shopping 258

Retail TouchPoints

OCTOBER 29, 2021

There was a time when automation in the retail space meant autonomous point-of-sale checkouts, and chatbots were reserved solely for the ecommerce ecosystem. Opportunities were seldom explored across the retail and shopping sphere, primarily due to the lack of a requirement. This helped the ecommerce industry balloon to $3.3

Finance 225

Finance Point of Sale Checkout Shopping 225

Retail TouchPoints

SEPTEMBER 14, 2021

“Our new service provides customers with one more way to shop with us and addresses the importance of convenience and immediacy. Convenience orders on Instacart are up more than 150% since May 2021, and nearly 20% of shoppers choose Priority Delivery at checkout.

Fulfillment 249

Fulfillment Grocer Checkout Finance 249

Retail TouchPoints

AUGUST 2, 2021

This also gives them a financing option where they can control the parameters of how much to ‘lend’ and who to lend to. BNPL slices the cost of the checkout basket into a few bite-size payments spread over a few months. The deal is a window into how investors see financial services panning out,” Schwartz added.

Merchant Services 317

Merchant Services Payment Services Checkout Finance 317

Retail TouchPoints

MAY 9, 2023

retailers plan to use technology and automation for their critical behind-the-scenes work, like inventory, orders, payroll and invoicing — as well as for more customer-focused needs like communications, marketing, loyalty and checkout. Square’s Future of Commerce report noted that 91% of U.S. Maintaining a cost-efficient marketing toolkit.

Payment Services 278

Payment Services Inventory Management Marketing Checkout 278

Independent Retailer

AUGUST 29, 2022

“Point of sale financing has historically been reserved for large purchases like luxury electronics, but now we are seeing an uptick in consumers using installment plans for smaller purchases across large and small retailers.” BNPL loans allow shoppers to make purchases with deferred or no interest installment loans.

Merchant Services 74

Merchant Services Finance Point of Sale Consumer 74

Inside Retail

OCTOBER 19, 2021

An eWallet integration can convert a customer with one click, compared to 22 on average for a traditional checkout process – but the increased ease of eWallet checkout comes with an enrollment system that is potentially more vulnerable to fraudsters.

Merchant Services 147

Merchant Services Fashion Payment Services Checkout 147

Retail TouchPoints

OCTOBER 9, 2020

With the COVID-19 pandemic escalating the adoption of online shopping across all categories, the home goods sector in particular has seen a notable spike in ecommerce. Social shopping also has been a major source of traffic for the brand, and has increased significantly year-over-year.

Home Furnishings 253

Home Furnishings Payment Services Promotions Accounting 253

Hunton Andrews Kurth

JANUARY 20, 2022

Buy now, pay later” (“BNPL”) companies have exploded in popularity over the past year, largely through integration into retailers’ online checkout platforms. Often presented during checkout next to traditional payment methods like credit and debit cards, BNPL companies invite consumers to make purchases over a few payments with zero interest.

Checkout 106

Checkout Finance Consumer Planning 106

365 Retail

OCTOBER 27, 2022

Q4 can be a busy and fast-paced time so without the right finance management, it’s easy to fall through the retail cracks. You need to recruit high quality staff and partners to ensure they help build a campaign that stands out in the traffic of Q4 shopping and supports the business. 2 – Managing your cash and budgets.

Checkout 98

Checkout Finance Social Commerce Advertising 98

Retail TouchPoints

SEPTEMBER 20, 2022

In 10 Quick Wins to Boost Holiday Ecommerce Results , Kibo will look at tips for creating a smooth and speedy holiday shopping experience that ensures personalization is up to par.

Payment Services 246

Payment Services Customer Experience Checkout Finance 246

Retail Times

OCTOBER 18, 2021

Klarna, the leading global retail bank, payments and shopping service, today announces a package of changes to expand and strengthen it’s UK offering to give consumers more choice, clarity and control over how they pay.

Payment Services 52

Payment Services Checkout Finance Consumer 52

I Vend

DECEMBER 10, 2023

. * Point of sale store operations – customers want fast and friction-free checkout, and retailers need to know what has been sold. A fast, modern, POS provides detailed sales tracking, whilst getting customers through the checkout efficiently.

Shrinkage 87

Shrinkage Inventory Management Store Layout Checkout 87

Mass Relators

JUNE 21, 2023

Fiscal conservatism (concern about the economy as well as personal day-to-day and long-term finances) is the biggest source of stress for consumers and the most important overarching trend that will continue to affect consumers over the next 30 years. Health and wellness and finances are opposing forces for many consumers.

Grocer 52

Grocer Finance Wholesale Checkout 52

A1 Retail

SEPTEMBER 27, 2023

Mollie reveals that economically ‘concerned’ consumers are relying more on social media, BNPL, and discounts when shopping online but expect to spend more in the next year Mollie , one of the fastest growing financial service providers in Europe, today unveiled findings from its second annual European Ecommerce Report.

Merchant Services 59

Merchant Services Consumer Payment Services Checkout 59

Retail TouchPoints

OCTOBER 9, 2020

With the COVID-19 pandemic escalating the adoption of online shopping across all categories, the home goods sector in particular has seen a notable spike in ecommerce. Social shopping also has been a major source of traffic for the brand, and has increased significantly year-over-year.

Home Furnishings 135

Home Furnishings Payment Services Promotions Accounting 135

Independent Retailer

AUGUST 17, 2022

Here are a few ways to grow your business without the budget of large enterprises: Find Other Mediums Introduce More Products Explore Partnerships Open New Locations Make a Pop-up Store Improve the Shopping Experience. Before you do so, be sure to determine if you have the finances to double your current expenses. Find Other Mediums.

Finance 81

Finance Location Checkout Shipping 81

Inside Retail

SEPTEMBER 2, 2021

Rudenko believes customers are looking for three big things when shopping online: “choice, trust and convenience”, and that it’s this quality assurance that builds trust with consumers. The online shopping experience also aims to build trust in the product, with detailed information on each car, over 30 photographs and 360-degree views.

Checkout 130

Checkout Finance Returns Marketing 130

Inside Retail

MAY 24, 2023

She told Inside Retail that BNPL had been boosted by Covid-19 restrictions and the shift to an omnichannel approach in recent years, with strong demand by customers when shopping online and in department stores. Further, she pointed out that over half of retailers who use the payment option do so to meet needs around convenience.

Payment Services 147

Payment Services Consumer Accounting Department Stores 147

Retail TouchPoints

FEBRUARY 7, 2024

To be clear, we’re not talking about next-gen store tech like autonomous checkout or inventory-light, QR-based store experiences like the now defunct Amazon Style stores and recent Pinterest pop-ups. If the NRF show is any indicator, then that is exactly things are headed in the coming years. PVH x RetailNext and MarketDial PVH Corp.

Point of Sale 267

Point of Sale Promotions Inventory Management Grocer 267

Storis

JANUARY 22, 2024

Additionally, as in-person shopping is expected to accelerate , furniture retailers can modernize store design to enhance the environment. They simply shop. Mobile POS eliminates these friction points while expediting checkout anywhere in a showroom. Enhancing website features reinforces the appeal of online shopping.

Home Furnishings 52

Home Furnishings Payment Services Merchant Services Fulfillment 52

Inside Retail

JUNE 25, 2022

According to Natalie Berg , co-author of the book Amazon: How the World’s Most Relentless Retailer Will Continue to Revolutionize Commerce, “very few people exclusively shop online or only in stores. Whether consumers shop online or in-store, modern marketers need to understand how to reach consumers where they are. .

Inventory Management 130

Inventory Management Accounting Consumer Marketing 130

Retail Gazette

DECEMBER 21, 2023

Hood said thieves had cost the business £33m over the period amid a rise in what he termed “shop looting”, where large amounts are stolen by organised gangs. Boohoo’s former finance director Neil Catto joined McGeorge earlier this month, replacing CFO Elizabeth Lake. Meanwhile, online fashion giant Shein continued its UK assault.

Grocer 113

Grocer Department Stores Fashion Planning 113

Retail TouchPoints

OCTOBER 15, 2020

Even before the pandemic completely upended the world economy, how consumers shopped had been changing — and mobile devices were at the forefront of that change. Then the shuttering of many stores made online shopping a necessity, while social distancing measures turned contactless payments from a convenient option to a safer alternative.

Payment Services 132

Payment Services Planning Accounting Loss Prevention 132

365 Retail

MAY 9, 2023

per cent) – as rising costs continue to place pressure on Brits’ finances. This comes as nearly nine in 10 shoppers (89 per cent) say they are concerned about the impact of rising food prices on their household finances, while 67 per cent are looking for ways to reduce the cost of their weekly shop.

Consumer 52

Consumer Outdoor Finance Checkout 52

A1 Retail

MAY 9, 2023

percent) – as rising costs continue to place pressure on Brits’ finances. This comes as nearly nine in 10 shoppers (89 percent) say they are concerned about the impact of rising food prices on their household finances, while 67 percent are looking for ways to reduce the cost of their weekly shop.

Consumer 52

Consumer Planning Outdoor Finance 52

Store Growers

FEBRUARY 13, 2019

In theory, it’s pretty easy to scale your Google Shopping campaigns to multiple countries. For one of my clients, we managed to increase revenue by 35%, just from targeting a new country with their Shopping campaigns. Google Shopping campaign setup. Is going abroad with Google Shopping worth the hassle?

Shopping 62

Shopping Merchant Services Shipping Accounting 62

Retail TouchPoints

APRIL 27, 2021

Surges in online shopping during the pandemic helped fuel the growth of point-of-sale loans — a market that is forecast to grow at an annualized 9.8% Merchants too should weigh the benefits against the drawbacks of offering installment options at checkout. over the five years through 2024-25, to $1.1 billion, according to IBISWorld.

Merchant Services 130

Merchant Services Payment Services Consumer Point of Sale 130