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 is just one layer.

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Shopping Store Layout Promotions Consumer 130

Retail TouchPoints

MAY 4, 2022

It’s no secret that in-person shopping is a multi-sensory experience. While most know that it’s important to make a store visually appealing, including proper lighting and designing an interior layout that’s easy to navigate, many often forget the other senses that play a key role in the overall shopping experience — like sound.

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Shopping Finance Supermarket Management 266

Retail Gazette

FEBRUARY 6, 2024

The beginning of the year is traditionally a peak period for returns and 2024 has been no exception, with retailers experiencing a surge in unwanted items being sent back. The trend is being driven by several factors, including the cost-of-living crisis, with returns volumes increasing notably.

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Customer Experience Returns Inventory Management Point of Sale 52

Retail Gazette

FEBRUARY 25, 2024

Next is considering a rescue bid to acquire parts of The Body Shop after the retailer’s UK operations were placed into administration earlier this month. The Body Shop owner Aurelius filed for administration of the retailer’s UK operations last week in a move to restructure the business.

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Shopping Wholesale Finance Returns 52

A1 Retail

JANUARY 10, 2023

Meanwhile, the percentage of Brits reporting concerns about rising food prices remains high at 91 percent, and almost two thirds (65 percent) say they have been looking for ways to reduce the cost of their weekly shop – a marginal reduction compared to November (69 percent). percent and 2.8 percent respectively compared to -3.0 percent and 6.3

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Finance Outdoor Supermarket Department Stores 98

Retail TouchPoints

NOVEMBER 16, 2022

Amex also has partnered with musical artist Chlöe Bailey to create a “Shop Small Soundtrack” that TikTok users can add to their content. Shopping small has a significant impact on helping local communities, with two-thirds of every dollar spent at small businesses staying within the local community. small business owners.

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Merchant Services Finance Advertising Marketing 248

Retail Wire

MAY 18, 2021

has raised its annual sales and earnings forecast based on a number of factors: stores operating on pre-pandemic terms, pent up shopping demand, increased disposable income and optimism around personal finances and the direction of the U.S. Macy’s Inc. The department store operator announced that same-store sales jumped 63.9

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Returns Department Stores Finance Store Operations 100

Retail TouchPoints

DECEMBER 5, 2023

The UK remains a global shopping destination and traditionally sees a significant influx of tourists during the Christmas season. But their return to our shores after the pandemic has been far slower than Americans’ — flight bookings are down around 50% of pre-pandemic levels. Christmas in the UK is already in full swing.

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Marketing Spend Visual Merchandising Marketing Consumer 220

Inside Retail

JANUARY 19, 2023

Indeed, as inflation continues to have a negative effect on household finances, many consumers are seeing their pandemic-era savings decline. In pursuit of self-improvement While many post-pandemic consumption patterns appear to be returning, or aligning with a new ‘normal’, people continue to remain focused on their mind and body.

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Consumer Shopping Outdoor Fashion 130

Retail TouchPoints

DECEMBER 13, 2021

Millennials and Gen Z shoppers are driving this ecommerce trend forward as a result of tight budgets, low credit and a COVID-fueled increase in online shopping. Innovative organizations that adapt their sales and returns infrastructure accordingly will reap the rewards of bigger basket sizes and repeat customers.

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Payment Services Consumer Returns Management 254

365 Retail

DECEMBER 15, 2022

At least one of the presents under the Christmas tree this year could be an unwanted Black Friday deal, that’s according to new research from Novuna Consumer Finance , which found that a third (30%) of Black Friday shoppers will regift items this Christmas they regret buying for themselves. .

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Finance Returns Consumer Shopping 76

Retail Next

OCTOBER 23, 2019

Having a clear return policy in place is good for your business. Research shows that 27 percent of consumers are willing to make a significant purchase from a store that offers free return shipping. Unfortunately, returning products has become a bad habit of so many consumers. Start by Writing a Clear, Concise Return Policy.

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Returns Shipping Finance Consumer 52

Retail Gazette

MARCH 14, 2024

However, last year, advisers warned that it faced “extreme challenges” in making money from its scheme in West Ealing with planning documents revealing the development could result in a negative return of £57m for the business. The Partnership is to remain fully co-owned,” said Michel.

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Visual Merchandising Planning Finance Returns 122

Inside Retail

APRIL 29, 2024

They reported the second-highest level of satisfaction (64 per cent) with their digital commerce experience in banking and finance – well above the global average of 58 per cent and just behind the UK at 68 per cent. shopping, purchase, shipment, receipt and possible return).

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Consumer Customer Experience Finance Supermarket 130

Inside Retail

FEBRUARY 27, 2024

With the closure of the underperforming stores, Macy’s explained it would be concentrating on luxury shopping offerings moving forward which includes opening 15 Bloomingdale’s stores and 30 Bluemercury cosmetics locations in the next three years. It follows reports in January that Macy’s was curbing 2,350 jobs, approximately 3.5

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Department Stores Location Finance Planning 130

Retail Minded

FEBRUARY 20, 2024

Retailers like Amazon, Walmart, Target, Kohl’s, and Old Navy all offer branded credit cards to make shopping more rewarding. While store cards can offer awesome perks like discounts, cashback, rewards points, and free shipping, it’s prudent to shop around to find the best fit for your needs. How does that sound?

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Consumer Finance Payment Services Shipping 52

Retail TouchPoints

AUGUST 31, 2022

Bed Bath & Beyond, which secured a $375 million loan last week, has received additional financing commitments of more than $500 million and a newly expanded $1.13 billion asset-backed revolving credit facility.

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Customer Retention Finance Fulfillment Planning 263

Retail TouchPoints

MARCH 1, 2024

For example, by specifically retargeting those customers who had added to their online carts over the previous 30 days, and spotlighting the specific items they had browsed or put into their carts, Natori achieved a Return on Ad Spend (ROAS) of 943% in Q3 2023. Natori factory (photo courtesy Natori) “We’re very design-driven,” he said. “A

Department Stores 212

Department Stores Wholesale Finance Apparel 212

Retail TouchPoints

NOVEMBER 16, 2020

For ecommerce retailers — particularly those in the fashion sector — this represents a massive opportunity to heighten sales, lower returns and offer customers a new way to shop online. While online shopping for clothing is nothing new, the sheer number of brands, styles and influencers working in the ecosystem is larger than ever.

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Fashion Returns Boutique Shopping 188

Retail Focus

DECEMBER 5, 2022

With 2022 as the first year of MAPIC’s fully-fledged return post-pandemic, the atmosphere has been optimistic and energetic, with people looking forward to the experience of in-person retail and interactions.

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Finance Outdoor Consumer Accounting 182

Cisco Retail

FEBRUARY 18, 2022

Consumers demanded the ability to purchase online and return in-store, and retailers responded by putting processes in place that offered those options. Retail is seeing a resurgence of experiential and in-store shopping experiences and the industry has been forced to make the effort to move to a true “multi-channel” model.

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Payment Services Fulfillment Returns Customer Retention 131

Inside Retail

OCTOBER 20, 2021

For starters, the trend of shopping local isn’t about to go away anytime soon and indeed our research has found increased interest in buying Australian made products and shopping with retail businesses in local communities. And the novelty of going shopping, for those that enjoy that sort of thing, will be high.

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Finance Shipping Consumer Promotions 130

A1 Retail

MARCH 29, 2023

Similarly, over half (52 percent) say they’re less likely to shop with a retailer again if a refund takes a long time to come through. The retailer returns headache With rising costs and falling sales, retailers are understandably feeling cautious, resulting in many examining their expenditures to find ways to cut costs.

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Payment Services Returns Finance Customer Experience 98

Retail TouchPoints

MAY 16, 2024

Costco customers can leverage the optical department to fill a new prescription for eyeglasses or get evaluated for new Bluetooth-enabled listening devices as part of a weekly shopping trip for necessities. Costco’s pharmacy also fills drug prescriptions for people and their pets.

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Payment Services Promotions Consumer Finance 217

Inside Retail

APRIL 10, 2023

However, with the return of in-store shopping, the business struggled to keep its operations afloat. Likewise, direct-to-consumer food platform CoLab has entered voluntary administration as “a new round of financing fell through”. “We

Finance 130

Finance Returns Planning Consumer 130

Inside Retail

MARCH 27, 2023

In February, ShopBack, a shopping, rewards and payments platform, partnered with Sunway Pyramid, a mall in Malaysia, on the ShopFiesta event to reward shoppers with promotions and giveaways. It was all about boosting in-store shopping. per cent year-on-year,” he told Inside Retail. billion by 2026 from just US$481 million in 2022.

Merchant Services 130

Merchant Services Payment Services Marketing Spend Finance 130

Retail Focus

MARCH 27, 2023

We will admit that location is also an important factor – Know your audience and their shopping habits. Also get into the detail of location, being near a main shopping road such as Carnaby St, might seem like a cost-effective option to be close to the action, but in reality, footfalls can decrease by 70% being only one street over.

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Marketing Location Finance Consumer 245

Global Shop

AUGUST 29, 2023

Global Shop Solutions does. Friday Features live webinars are open to all Global Shop Solutions customers at no cost. Led by Global Shop Solutions’ most experienced ERP consultants and trainers, the webinars provide in-depth training on one specific topic each week. We always learn something in return, and that feels good.”

Shopping 52

Shopping Inventory Management Returns Management 52

Retail Focus

NOVEMBER 21, 2022

Bicester Village shoppers will not only be able to buy, sell and exchange pre-owned luxury watches in-store but, for the first time ever, customers will also be able to exchange their pre-owned timepieces with Watchfinder in return for Bicester Village credit which can then be spent in over 150 of Bicester’s luxury boutiques.

Boutique 147

Boutique Finance Location Fashion 147

A1 Retail

FEBRUARY 6, 2024

However, pointing to improving optimism, consumers’ confidence in both their household finances and ability to spend within their means reached its highest point in over two years. percent), as UK consumers returned to their regular routines after the Christmas break. percent, yet higher than December’s growth of 2.3 percent).

Consumer 59

Consumer Supermarket Finance Merchant Services 59

Retail Gazette

DECEMBER 19, 2023

The funding structure works by leveraging finance which, more often than not, results in firms borrowing money against the retailer’s balance sheet – in turn generating debt – to use for investment. This begs the question of whether the financing structure still lends itself well to the retail sector?

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Grocer Supermarket Finance Returns 126

Retail TouchPoints

MARCH 31, 2023

In the same manner, the new service providers, the payment platforms, get worked up over Banking-as-a-Service and Embedded Finance, the latest industry buzzwords, without fully explaining the simplicity and value of the proposition. The aim is to incentivize a brand’s customers to shop with them, not its competitors.

Payment Services 247

Payment Services Accounting Point of Sale Customer Experience 247

Retail TouchPoints

DECEMBER 22, 2021

More people began shopping online, and all shoppers purchased a wider range of product categories that way ( Instacart turned a profit thanks to the public’s general desire for contactless shopping). A McKinsey Report noted that lockdown orders crammed a decade’s worth of ecommerce growth into just 10 months. Open Recs Everywhere.

Customer Experience 284

Customer Experience Finance Shopping Shipping 284

Retail Minded

MAY 24, 2021

Are you considering starting a small machine shop? To set up a small machine shop on a budget you first need to work out what your capital outlay will be for every aspect of your business. In your plan, you need to outline things like: How you are going to finance your business. Step 2: Find Premises For Your Machine Shop.

Shopping 52

Shopping Advertising Finance Planning 52

Inside Retail

AUGUST 18, 2022

The new advertising trial is in partnership with Meta, which Showpo founder Jane Lu tells SmartCompany is inline with the digital retailers aim to provide customers with an efficient and innovative shopping experience. Showpo will judge the success of its AI model advertising through return-on-ad-spend, click-through rates and conversions.

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Advertising Finance Promotions Marketing 130

Retail TouchPoints

DECEMBER 28, 2021

The good news is that slightly more than 60% have returned to or exceeded pre-pandemic financial levels. Separately, the 2020 Small Business Credit survey, fielded in Q3 and Q4 of 2020, showed bank financing varies significantly based on owner race and ethnicity. Although disparities continue, certain movements help.

Payment Services 275

Payment Services Finance Marketing Promotions 275

Retail Gazette

OCTOBER 17, 2023

as the back to school period led shoppers to return to their usual shopping patterns. As a result, there was a slight boost to online grocery sales, with the channel’s market share returning to 11% of FMCG sales in the same period. Click here to sign up to Retail Gazette‘s free daily email newsletter

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Supermarket Finance Returns Advertising 64