Retail TouchPoints

JULY 13, 2023

For many banks, neobanks and non-financial businesses coming up against new risks and obstacles to growth, there is a golden opportunity right in front of them. Compliance has an image problem — it’s seen as boring, complicated and only relevant to legal experts steeped in industry jargon like KYC, AML and PCI DSS.

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Inside Retail

MARCH 27, 2024

Australian Retailers Association CEO Paul Zahra said that retailers are hopeful that the Reserve Bank of Australia will cut interest rates starting mid-year after keeping them unchanged in March, to help boost spending further. Food sales climbed 1.6 per cent, but household goods sales declined 2.2

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Retail TouchPoints

JANUARY 26, 2024

Photo credit: stock-adobe.com “The COVID-19 pandemic really shifted consumers’ approach to purchasing in terms of the payment methods they use and how often they visit in person,” said Sam Gazeley, Digital Payment Technologies Industry Analyst at the global technology intelligence firm ABI Research in an interview with Retail TouchPoints. “So

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Retail TouchPoints

OCTOBER 1, 2022

Cannabis is in growth mode: the industry posted sales between $24.5 The trend we’ve seen over the past five or six years is that mainstream companies are increasingly coming into the industry, and they are definitely eyeing it ,” said Chris Walsh, CEO of MJBizDaily in an interview with Retail TouchPoints. “I

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Inside Retail

NOVEMBER 6, 2023

The Reserve Bank today raised the rate by another quarter of a per cent to 4.35 Retailers and consumers feel they’ve been backing the wrong horse as the Reserve Bank looks to take even more money out of our pockets ahead of the biggest sales period of the year,” he said. per cent, but are now reeling from today’s decision.

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Retail TouchPoints

FEBRUARY 16, 2023

Retail and hospitality industries were hit particularly hard. The retail industry had to reimagine ways to reach customers that sparked a digital transformation. The industry experimented with new approaches to how we do business in order to streamline the customer experience. For more information, go to: [link].

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Inside Retail

JANUARY 28, 2024

China, a major hub for luxury goods, had a troubled 2023, but a string of supportive policies by Beijing in recent days including a deep cut to bank reserves has shored up investor confidence for revival in the world’s second-largest economy.

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Inside Retail

OCTOBER 8, 2023

Businesses facing rising debt costs after years of low rates will have to compete to secure enough cash in the biggest corporate refinancing rush seen for years, just as banks rein in risk ahead of stricter capital rules. He declined to name the bank. Signs of distress are already showing.

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Inside Retail

DECEMBER 7, 2021

Australia will create a licencing framework for cryptocurrency exchanges and consider launching a retail central bank digital currency as part of the biggest overhaul of its payments industry in a quarter of a century. “Australia must retain its sovereignty over our payment system.”

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Retail TouchPoints

FEBRUARY 26, 2024

Whether they are geographic regulations like GDPR or industry-specific compliance standards like HIPAA for healthcare, customers deserve to know how the company performs their compliance obligations. He has held CEO, CFO and COO roles spanning the technology, finance, corporate banking, investment banking and private equity industries.

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Inside Retail

JULY 17, 2023

As the Melbourne hospitality industry has become world-renowned, our brand has grown alongside.” The brand supplies customisable uniforms to retail, hospitality, transport, health, banking and government industries and makes about 25 per cent of sales from international customers.

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Inside Retail

JANUARY 28, 2024

Like many other facets of the retail industry to have been disrupted by the Covid-19 pandemic, employment rates – especially within the service industry, from servers to sales associates – were knocked completely off course. Through Chipotle’s program, they will now be able to do both. In 2021, 47.8 million in 2023.

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Retail TouchPoints

MARCH 2, 2021

Cardlytics runs banking rewards programs for financial institutions that are designed to allow marketers to identify new customers and increase loyalty from within banks’ online and mobile channels. This creates real value for consumers, advertisers and our bank partners.”.

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Retail TouchPoints

MARCH 13, 2023

The collapse of Silicon Valley Bank (SVB) is sending shockwaves through ecommerce, and some retailers are expecting significant setbacks from the loss of its services. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.”

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Inside Retail

AUGUST 7, 2023

Are you sure that person contacting you is really from the bank? Scammers have found a lucrative phishing spot impersonating bank staff and bank communications. Australians lost more than $20 million to bank impersonation scams in 2022, according to Scamwatch , run by the Australian Competition and Consumer Commission (ACCC).

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Mass Relators

APRIL 25, 2024

It’s time for the card industry to stop gouging American consumers and small businesses and compete to offer market-based, competitive fees. Instead, the credit card industry uses cartel pricing to extract more and more dollars from Americans’ pockets each year.

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Inside Retail

JUNE 21, 2023

Payments company Mastercard on Wednesday launched a global project to recycle credit and debit cards as part of a plan to save the billions of cards in circulation across the industry from landfill. Each year, it estimates around 600 million cards are produced by the industry, each with a life span of around five years.

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Inside Retail

FEBRUARY 22, 2024

In Australia, women remain under-represented in key decision-making roles across industries, accounting for 22.3 Meet Woolworth’s first female CEO Bardwell will officially become Woolworths Group’s MD and CEO as of September 1, following a career spanning 23 years in the company and 30 years within the retail industry.

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Inside Retail

MARCH 27, 2023

Spending in food-related industries grew steadily in February however non-food industry sectors yielded a mixed result as consumers refrained from making “discretionary” spending. Retail spending rose 6.4 Month on month, turnover rose 0.2 per cent as shoppers spent more than $35 billion in stores and online. per cent.

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Retail TouchPoints

APRIL 3, 2023

Additionally, Boxed held a majority of its cash deposits and other liquid assets with the collapsed Silicon Valley Bank. Through their hard work and dedication, they made a lasting impact on the ecommerce consumables industry.” The ecommerce retailer first began exploring financial alternatives , including a sale, in January 2023.

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Inside Retail

NOVEMBER 15, 2021

There’s no question that e-commerce has been a major winner for the retail industry since Covid hit, as many businesses invested in their online channels to keep their sales afloat. But now that restrictions are lifting and lockdowns are over in Australia, how will retailers keep up the momentum? appeared first on Inside Retail.

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Retail TouchPoints

AUGUST 14, 2023

The whole bank needed to reorient its activities to showcase and sustain digital. Similar to the grocery retail industry, banking is a traditional industry rooted in brick-and-mortar practices. Similar to the grocery retail industry, banking is a traditional industry rooted in brick-and-mortar practices.

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Retail TouchPoints

FEBRUARY 25, 2022

As difficult as this decision was, I know I will be leaving this amazing company in highly capable hands with Sarah’s oversight, the deep and experienced bench of leadership and the most talented associates in the industry.”. Nash retired in July 2005 as the company’s Vice Chairman for Global Investment Banking.

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Inside Retail

NOVEMBER 30, 2023

Across other industries ANZ Bank introduced six weeks paid and up to 12 months unpaid gender affirmation leave in June 2023. Exclusion of casuals within a retailer like Ikea is a unique approach to attract what most businesses in the retail industry lack, a diverse and long-tenured workforce.

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Management ATS 264

Retail TouchPoints

FEBRUARY 14, 2023

Whether it’s retail bank branches that look more like cafés, Main Street wealth management and insurance agency outposts that bring a regional aesthetic to big national brands or global apparel retailers that have made their stores feel like curated boutiques, businesses have worked hard to connect with their customers.

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Inside Retail

DECEMBER 11, 2022

The Central Bank of Indonesia recently announced that the creation of a digital currency, a digital rupiah, is becoming a priority in its Project Garuda initiative. Across APAC, the hyperbole surrounding central bank digital currencies (CBDCs) is starting to emerge. So, what exactly is a CBDC? The story so far.

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Retail TouchPoints

FEBRUARY 14, 2022

While this is not a new concept — because data is already monetized in some industries — it has been very difficult to capture value from retail data. From the consumer perspective, consider the experience of logging into a bank account or credit card portal. Can their bank offer them access today? Do they want more data?

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Retail TouchPoints

JUNE 8, 2022

The Apparel Impact Institute (Aii) has introduced the $250 million Fashion Climate Fund , which will be used to identify, fund, scale and measure verified impact solutions to decarbonize and modernize notoriously wasteful fashion industry supply chains.

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Retail TouchPoints

MAY 22, 2023

This California-based retailer serves Hispanic communities with a large but carefully curated product selection and a surprisingly wide range of services — wide enough that the company is at least as much a bank as it is a retailer. We’re a lender and a bank that has a retail company attached to it.

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Inside Retail

FEBRUARY 2, 2023

Zeller, one of Australia’s fastest-growing companies, has announced new financial services products that mean any Australian business can now use the company’s products, including a free, standalone transaction account and debit card that replace the outdated solutions provided by Australia’s traditional business banks.

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Retail Gazette

APRIL 22, 2024

Industry insiders ruled out backing from the likes of the London branch of Bangkok Bank, which provided a loan of £1.7bn that is secured against the freehold of Selfridges’ store in the West End. It previously sought to acquire Selfridges when the Weston family put it up for sale in 2021.

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Retail TouchPoints

APRIL 5, 2023

For example, as the industry is not yet regulated, some BNPL providers might not focus on transparency. On the contrary, banks and other regulated financial institutions, which already operate within the realms of regulation, are obliged to report to credit bureaus systematically.

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Inside Retail

JANUARY 18, 2024

The market is driven by growing skin cancer awareness, according to recent RationalStat industry analysis. In 2023, the industry had a suggested value of US$861.6 The Australian Business Growth Fund (ABGF), which announced its investment earlier this month, is industry agnostic. billion by 2030 with a strong CAGR exceeding 7.7

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Inside Retail

APRIL 9, 2024

Long gone are days when businesses handed out loyalty cards to incentivise more frequent purchases – retailers are being urged by industry experts and leading brands to reimagine customer loyalty. But other Australian retailers are defining a new loyalty standard for the industry.

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Inside Retail

FEBRUARY 6, 2023

In a widely anticipated move, The Reserve Bank raised the official cash rate by another 25 basis points today, taking the rate to 3.35 per cent, higher than the bank expected. The Reserve Bank board is targeting a rate of between 2 and 3 per cent. per cent – the highest in a decade and the ninth successive monthly increase.

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Mass Relators

MARCH 7, 2024

“Every day of further delay in the Fed’s consideration of its proposed rule means another day in which large card-issuing banks are deducting significantly more money out of debit transactions than is reasonable, proportional, or allowable under the law Congress passed,” the groups said. The Fed found banks’ average cost was 7.7

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Retail TouchPoints

AUGUST 10, 2021

million payment on its Bank of America revolver loan. Ellen Tracy is well known in the women’s fashion industry and is an excellent addition to our portfolio,” said George Altirs, President and CEO of GMA Group, according to License Global.

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