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Balancing Customer Loyalty in an Age of Growing Business Costs

Retail TouchPoints

But the resilience of the American consumer prevented an all-out economic disaster. Time and time again, consumers kept the economy chugging along despite the bleak forecasts from leading economists. Treasury, but even as that money faded, lockdowns hurt retailers and inflation took hold, consumers took it in stride and kept spending.

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Bad debt blowout fuels massive Afterpay loss

Inside Retail

The company’s operating expenses – in particular its bad debts – ballooned out from $72.1 Other rising expenses included a higher commitment to marketing the brand. The risk is then passed on to the BNPL company, which makes its money from a commission on transactions – and late payment fees.

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Have Temu and Shein Thwarted Wish’s Hopes of a Comeback?

Retail TouchPoints

A few days before reporting Q2 earnings, Wish also announced plans to cut approximately 34% of its workforce, or about 255 employees, in order to “refocus the company’s operations.” Temu also operates as a manufacturer-to-consumer marketplace and offers a wide range of merchandise, from homewares to apparel.

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Why growth is slowing at e-commerce giant Shopee

Inside Retail

Shopee, the e-commerce unit of Singapore-based Sea Ltd, is the market leader in Southeast Asia by revenue. It was a masterful demonstration of rapid systems and logistics development, and a good diplomatic effort, too, in the sense of co-ordinating with governments and marketplace partners to operate efficiently during all the lockdowns.

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5 Ways Retail Businesses Benefit From A Merchant Cash Advance

Retail Minded

They must thrive by obtaining immediate cash flow support to sustain operational expenses during market fluctuations. This business funding option allows payment utilizing a sales percentage and a small fee. Cash flow can quickly go out of hand if you have enormous overhead expenses.

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How A Bridging Loan Can Sustain Your Retail Business

365 Retail

The retail industry is one of the most competitive players, with only a few corporations that occupy the highest market share. As an entrepreneur, you’ll need to know your competitors and customers, use social media marketing, and improve your branding. Immediate Access To Cash. Pay Salaries To Your Retail Workforce.

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The Benefits of Having an Ecommerce Presence

Independent Retailer

The retail industry is redefining the shopping experience as consumer expectations and habits are changing. While all these business investments are important, the main takeaway of the last two years has been the importance of incorporating an ecommerce platform in order to create a more meaningful shopping experience for consumers.