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Balancing Customer Loyalty in an Age of Growing Business Costs

Retail TouchPoints

By itself, living paycheck to paycheck with a couple of kids, a mortgage and a car payment or two is no small task. Customers expect that before a price increases, a thorough process has been undertaken to make sure the increase was needed. Don’t expect this to last forever. Think about it.

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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. million a year ago to $176.8

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5 Things to Consider Befaore Creating a Business Entity

Small Biz Trends

Various aspects affect the operations of a business depending on its type — from taxation, liability for debts, and obligations of the owners. There are also municipal, national, and individual taxes depending on the size, state, and structure of your business operations. Administration and operation.

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What is a Cash Flow Statement?

Small Biz Trends

These financial statements break down into financing, investing, and operating activities. Businesses that experience negative cash flow might be waiting on payments. Offering early payment discounts can foster a positive cash flow. Understanding the cash flow can help your company decide how to fit these payments in.

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Why growth is slowing at e-commerce giant Shopee

Inside Retail

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. But Sea’s other business units are acting as a drag on the top and bottom line.

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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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OIG Says SBA Management of EIDL Program Had Contracting Flaws

Small Biz Trends

OIG Critical of EIDL Small Business Loan Process During COVID Pandemic. Funds are used to help businesses meet financial obligations and operating expenses after a catastrophic event. In 2018, the SBA solicited proposals to help process EIDL loans promptly. The EIDL program existed before the pandemic. Image: SBA.