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Fueling Retail Expansion: Exploring Financing Options For Business Growth

Retail Minded

For retailers looking to expand their operations, securing financing is a crucial step to fuel growth. Financing this growth remains a significant challenge for many retailers, from small boutiques to large chains. Financing this growth remains a significant challenge for many retailers, from small boutiques to large chains.

Finance 95
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Buy Now, Pay Later: Does it Work for your Online Retail Business?

Retail TouchPoints

consumers have now used a buy now pay later (BNPL) service. . Businesses looking for ways to gain a competitive edge over their competitors have been pushing service advantages into new areas, including alternative payment models. Using BNPL, approved customers can defer payments at checkout — both online and in-store.

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Tuesday Morning to End Operations After 49 Years

Retail TouchPoints

The retailer started closing 250 locations earlier this year, pursuant to its plan to exit Chapter 11 with a much smaller footprint, and began the process of shuttering the remaining locations on May 1. Tuesday Morning operated fewer than 500 stores when it made its latest bankruptcy filing in February, which was the second since 2020.

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Meta, Amex and TikTok Offer Holiday Help to Small Businesses

Retail TouchPoints

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. Square plans to announce additional details about the card in 2023. Additionally, eligible SMBs will be able to earn a $100 TikTok advertising credit.

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Rising costs and supply chain issues stimulate adaptation and innovation

Inside Retail

An online survey of more than 800 key decision-makers found almost half were actively planning to innovate and adapt in the year ahead to increase their revenue. Purchasing plans and finance needs were also analysed. As expected, larger businesses were the most likely to invest more and expect growth in return.

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98% of European ecommerce consumers are using social media for product research

A1 Retail

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.

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What Retailers Need To Know When Applying For Secured Loans

Retail Minded

However, the application process for secured loans can be daunting, with lenders imposing stringent requirements. Gather all necessary documentation, including business and personal tax returns, financial statements, and a detailed business plan. This is where options like a merchant cash advance could come into play.