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Payments in 2021: What Lies Ahead After the Digital Boom

Retail TouchPoints

It has been a year of momentous change for the payments industry. For instance, cash usage waned even further this year amongst fears around the pandemic, leading to a coin shortage across the country that had many merchants pointing consumers to digital payments if they lack exact change.

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Cryptocurrencies are the Future of Payments: Here is How Merchants Fit In

Retail TouchPoints

Reinventing Payments: The Entry of Bitcoin. Bitcoin began as a concept to revolutionize payments in 2008, and today stands at a total valuation of more than $1.1 Bitcoin began as a concept to revolutionize payments in 2008, and today stands at a total valuation of more than $1.1

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As Gen Z Enters Prime Spending Years, Brands Sharpen Their Pitch

Retail TouchPoints

They’ve been shaped/scarred by not one but two global economic traumas — the Great Recession of 2008-2009 and the COVID pandemic — and they’ve grown up with social media playing an increasingly large (and loud) role in shaping culture, including how these consumers shop, research and purchase products and services.

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Zara opens significantly upsized Liverpool ONE flagship, 
rounding off year of landmark signings

Retail Focus

The new 42,000 sq ft store is the latest example of brand investment in the destination, following a landmark year of signings that will make 2025 Liverpool ONEs biggest year for openings since it launched in 2008.

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Scarred by the 2008 Recession and COVID, 48% of Gen Z Frequently Shops at Discount Stores

Retail TouchPoints

That sense of unease is to be expected from a cohort shaped by both the 2008-2009 Great Recession and the COVID pandemic, and it’s had a big impact on their shopping choices: nearly half ( 48% ) say they shop the most often at discount/off-price retailers, and 25% frequently patronize dollar stores.

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Revolve SVP’s playbook for going global and the importance of localisation

Inside Retail

Here, Li speaks to how Revolove’s global growth is driven by localisation strategies that deliver the best service to its customers within each region. That involves operations, customer service, logistics, warehousing, currency and finance. We built a good service to increase repeat customers.

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The EDI Advantage for Product Brands Eyeing Big Retail

Retail Bound

Understanding EDI and its pivotal role can unlock smoother operations and open doors to some of the world’s biggest retail chains. EDI works by standardizing the format of business documents so that they can be easily understood and processed by different computer systems. Enter Electronic Data Interchange, or EDI.