Inside Retail

OCTOBER 5, 2022

Retail giant Havey Norman, and credit provider Latitude, are being sued by the Australian Securities and Investments Commission (ASIC) for allegedly misleading consumers on interest-free finance deals. . Consumers have a right to make informed choices,” said Court.

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Inside Retail

SEPTEMBER 25, 2023

The Australian Consumer and Retail Studies (ACRS) unit at Monash University surveyed 1001 shoppers across Australia last June, asking them questions about the cost of living and consumer deviance. Basket sizes of most of the shoppers are the same in the last six months.

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Retail TouchPoints

NOVEMBER 28, 2023

Consumer spending on Cyber Monday surpassed initial projections to reach $12.4 Amazon alone said it sold 1 billion products during its extended promotion period, which kicked off earlier than the traditional Cyber Week start of Thanksgiving Day, on Nov. million consumers opting to visit brick-and-mortar locations, up from 72.9

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Retail TouchPoints

NOVEMBER 24, 2020

DICK’S Sporting Goods has promoted President Lauren Hobart to the roles of President and CEO, as of Feb. Hobart brings more than 25 years of finance, consumer and retail experience to the role. Current Chairman and CEO Edward Stack will assume the role of Executive Chairman and continue as Chief Merchant.

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Retail TouchPoints

OCTOBER 4, 2021

Three of the country’s biggest retailers are taking significant steps to get consumers into the holiday shopping groove — and to do so (much) sooner than later. Many consumers already have caught on that they don’t need to wait until Black Friday, Cyber Monday or Super Saturday for attractive promotional offers. Beginning Oct.

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365 Retail

JANUARY 9, 2024

In December 2023, the UK witnessed a modest rise in consumer card spending, increasing by 2.3% However, the entertainment and travel sectors saw a surge as consumers eagerly booked experiences and getaways for 2024. year-on-year, which fell short of the CPIH inflation rate of 4.2% and was lower than November’s growth of 2.9%.

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Retail TouchPoints

JANUARY 13, 2023

The sale is part of an agreement that FORMA’s parent company, FB Debt Financing Guarantor, reached with an entity controlled by the agent under FORMA Brands’ existing secured debt. These lenders include Jefferies Finance and funds managed by Cerberus Capital Management and FB Intermediate Holdings.

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Retail TouchPoints

NOVEMBER 4, 2021

Despite having just officially begun, this holiday shopping season already is marked by supply chain disruption, persistent inflation and mixed consumer confidence. And just like last year, it looks like consumers will respond by turning to ecommerce. Shortages and Sticker Shock Heighten Holiday Stress.

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Retail TouchPoints

NOVEMBER 3, 2023

Overall household finances remain in good shape and will continue to support the consumer’s ability to spend.” consumers spent online during holiday 2022. Some of this hiring may have taken place in October to support early holiday sales events and promotions. seen from 2010 to 2019. “It retail sales will climb 3.7%

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Retail TouchPoints

APRIL 5, 2023

However, the winds of change are blowing: as inflation and interest rates continue to climb, BNPL is shedding its reputation for luxury spending and becoming a financing solution for necessary expenses, such as car repair, healthcare, fridge and other essential appliance repair. And the merchant tends to absorb the cost of this transaction.

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Retail TouchPoints

MAY 3, 2021

Roe will have responsibility for all finance functions and lead the retailer’s Strategy and Consumer Insights teams. Additionally, VP of Investor Relations Christina Colone has been promoted to Global Head of Investor Relations. Roe CFO, effective June 1, 2021. Roe is currently CFO of VF Corp. , He has been with VF Corp.

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Retail TouchPoints

JANUARY 6, 2023

consumers reported that they experienced a worsening economic situation over the past year, and members of this group said it would take time for their concerns to subside even as economic stressors abate, according to Deloitte’s Global State of the Consumer Tracker. Promotions can be Effective in this ‘Deal-Seeking’ Environment.

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Retail Minded

FEBRUARY 20, 2024

In this guide, we’ll explain why store credit credits are a great option for consumers. You’ll find special offers, rewards, and financing options whenever you shop at participating locations. Store credit cards and general-purpose credit cards each serve their own distinct role in the consumer finance landscape.

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Inside Retail

OCTOBER 10, 2023

“(The) government is addressing the risks posed by new digital payment services, which are currently unregulated, to protect consumers, promote competition and spur innovation,” Treasurer Jim Chalmers said in a statement. billion in 2022, from 29.2 million in 2018.

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Retail TouchPoints

MARCH 29, 2023

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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Retail TouchPoints

JUNE 22, 2022

Amazon has named 17-year company veteran Doug Herrington to the renamed role of CEO of Worldwide Amazon Stores, filling the position left vacant by former CEO of the Worldwide Consumer Dave Clark. Since 2015, Herrington has served as Amazon’s SVP of the North America Consumer.

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Retail TouchPoints

NOVEMBER 16, 2022

Last year, consumers reported spending more than $23 billion shopping small on Small Business Saturday, and we want to exceed that in 2022.”. It will integrate directly with Square’s solution ecosystem, empowering sellers to organize their finances and manage cash flow from the same platform they use to run their business.

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Inside Retail

OCTOBER 12, 2023

In saying that, people are actually beginning to feel better about the economy and their own personal finances, Levine said, with consumer confidence topping 80 for the first time in several months, and Roy Morgan’s data showing people are largely comfortable with their personal finances and expecting to be even better off next year. “I

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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. Giving consumers a positive BNPL experience includes offering high approval rates, transparent terms and attractive rates. Empower Your Customers.

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Retail TouchPoints

MARCH 8, 2023

After three years of supply chain logistics and shipping delays, retailers have too much inventory sitting on shelves, and consumer demand continues to be in flux as inflation maintains a strong grip on budgets everywhere. This means the way consumers shop has drastically changed as new financing options rise in popularity.

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Inside Retail

DECEMBER 17, 2023

Consumers are still feeling enormous financial pressures, and many are heading into this period with little optimism towards their finances. Such economic strain is leading to behavioural changes in the way consumers are shopping and planning their festive budgets. But this shouldn’t just be a retail race to the bottom.

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Retail Focus

DECEMBER 14, 2023

This includes changing consumer demands, evolving trends, and the need for product innovation and differentiation. For retailers, this is an essential tool for managing staff, stock and promotional campaigns. Was there a promotional offer? After all, how and when was a dataset collected? What season were we in?

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Retail TouchPoints

FEBRUARY 28, 2023

There’s no question that rising prices have altered consumer behaviors. Our recent survey of North American, UK and APAC consumers — which is the basis of an upcoming Eagle Eye report — found similar trends globally: 61% of shoppers worldwide are using money-saving tactics like seeking out on-sale items and coupons more often.

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Retail Gazette

OCTOBER 19, 2023

The telco company aims to utilise tactics developed selling its telecoms goods and services to support its venture into consumer electronics. The business’s largest marketing campaign since its launch will also promote the changes.

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Inside Retail

OCTOBER 23, 2023

For example, by redeeming an NFT or a set of NFTs, loyal consumers could automatically unlock exclusive content. An element of gamification comes from how consumer participation in brand-related activities can turn NFTs into earnable assets that can also function as tradeable assets by interacting with fungible utility tokens.

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Retail TouchPoints

MARCH 1, 2024

He compared the level of interest of a consumer who had simply seen a Natori ad on social media to one who had “gone to the website, added something to their bag and abandoned the cart. That’s much more useful [data] than the first consumer. We aren’t blindly retargeting every user,” said Natori.

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Retail TouchPoints

SEPTEMBER 14, 2022

Hydroponic greenhouse network operator and plant-based food provider Gotham Greens has raised more than $310 million in new capital, which brings the Certified B Corporation’s total financing to $440 million. The proponent of indoor farming will use the funds to decentralize agricultural production by establishing local operations.

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Rangeme

APRIL 22, 2024

Meanwhile, the right financing strategy can provide the resources needed to grow and thrive. There are many options to finance your production runs but not every one of them is the right option for every business. There are many options to finance your production runs but not every one of them is the right option for every business.

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Mass Relators

AUGUST 2, 2021

CHICAGO – Consumer sentiment is on the rise after the unprecedented circumstances of 2020 took a toll on the financial health of many Americans. The Consumer Sentiment Index is up seven points in July 2021 compared to July 2020. IRI anticipates younger consumers will buy even more pet products in the coming year.

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Inside Retail

FEBRUARY 28, 2024

With a rich background spanning finance, entrepreneurship, and brand development, Yadav embodies the brand’s ethos of innovation and consumer-centricity. Through clear communication and honest dialogue, we empower consumers to make informed choices about their skincare regimen,” he added. At the helm is Mohit Yadav.

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Mass Relators

APRIL 7, 2021

CHICAGO – Americans, for the first time since the pandemic began, are beginning to feel noticeably better about personal finances and are now prioritizing value over speed when they shop. consumers reported that the U.S. The latest wave found that 58% of U.S. But even though U.S. But even though U.S. over the past 12 months.”.

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Retail TouchPoints

DECEMBER 5, 2023

To understand the impact of this shift, it’s crucial to recognize the importance of Lunar New Year to Chinese consumers. Get culturally competent : Chinese shoppers are a world away from American consumers. Beyond the cultural and familial significance, the Lunar New Year is a prime time for shopping.

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Inside Retail

APRIL 29, 2024

The journey from corporate to community impact is reflective of the evolving space of business ethics, driven by increasingly conscious consumers and generational demographics. With a career in finance, logistics, and retail, Walker is well-positioned to create a lasting impact within the retail industry through Good360.

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Inside Retail

AUGUST 4, 2022

. “Despite near-term challenges, Taobao and Tmall continue to achieve high consumer retention, especially among consumers with higher spending power.” Customer management revenue, which tracks how much money merchants provide Alibaba for placements and promotions, fell a whopping 10 per cent to $11.9

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Retail Focus

MARCH 6, 2024

Their method of recording and verifying transactions is secure, transparent, and decentralised, and it can be applied to different sectors such as finance, supply chain, and digital identity verification. The adoption of blockchain has a significant impact on both consumers and retailers. Benefits of Blockchain in Luxury Retail.

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Retail TouchPoints

SEPTEMBER 19, 2023

The company has successfully helped retailers like American Eagle Outfitters leverage RFID and computer vision-based inventory tracking technology to create a holistic, near-real-time view of inventory across stores to empower both associates and consumers. The pandemic accelerated new consumer behaviors, such as BOPIS.

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Retail TouchPoints

OCTOBER 15, 2020

Mitchell will take on responsibility for leading all finance functions and will report to Macy’s Inc. Williams, who joined Macy’s in 2004, will play a key role in identifying, developing and promoting scalable and sustainable policies, and corporate best practices to address systemic racism and social injustice.

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