Inside Retail

DECEMBER 25, 2022

ACCC chair Gina Cass-Gottlieb said: “We are pleased that RFG has agreed to make payments to certain impacted franchisees. We initially took this action because we were concerned with the alleged conduct and the impact on a number of small business operators. Michel’s marketing fund. Waiving historical debts.

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Retail TouchPoints

APRIL 27, 2021

The economic fallout from the COVID-19 pandemic accelerated demand for buy now, pay later (BNPL) payment options. Surges in online shopping during the pandemic helped fuel the growth of point-of-sale loans — a market that is forecast to grow at an annualized 9.8% Consumers are using BNPL to stretch purchase payments between paychecks.

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Retail TouchPoints

SEPTEMBER 6, 2024

The retailer, which has been in operation since 1994, filed for Chapter 11 bankruptcy protection on Aug. Closing sales already have begun at the 94 stores designated for closure back in August. Sales will now begin at the remainder of the chain’s stores and are expected to last approximately 12 weeks.

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Retail TouchPoints

OCTOBER 26, 2023

Happy Returns offers box-free, label-free returns for more than 800 merchant partners at over 10,000 locations across the U.S. The company was acquired by PayPal a little over two years ago as part of PayPal’s ambition to expand beyond payments and become a “ digital commerce enablement engine.”

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Retail TouchPoints

APRIL 5, 2022

Since spinning off from eBay and going public for a second time in 2015, PayPal has expanded its reach well beyond that one digital marketplace to more than 30 million merchants worldwide. PayPal will need this edge as the world of digital payments heats up, with formidable competitors including Apple and Google snapping at its heels.

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Retail TouchPoints

JUNE 24, 2024

16, 2015 and Nov. The lawsuit, filed in 2017, alleged that Founder and then-CEO Kevin Plank knowingly or recklessly misrepresented facts regarding consumer demand for Under Armour’s products as well as the company’s financial and operating results, according to the Wall Street Journal. billion revolving credit facility.

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Retail TouchPoints

MARCH 11, 2022

At eBay ’s investor day March 10, CEO Jamie Iannone shared details about the company’s long-term growth strategy and previewed new products, including plans for the eBay Vault — both a physical storage facility and a digital marketplace for trading cards and other high-value collectibles.

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Inside Retail

APRIL 17, 2023

The former operators of a Sydney hairdressing salon have incurred more than $291,000 in penalties, as well as having received backpayment orders, for having underpaid a worker through an unlawful cashback scheme. compensation (plus interest) to rectify the underpayments and cashback payments.

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Retail Focus

APRIL 3, 2023

Not only were dial-up connections painfully slow , but there was no secure way to make payments. At the time, cash was still king, and people were reluctant to trust any online transaction. The company went from a peer-to-peer banking disruptor to THE trusted name in online payments. billion in 2015. billion in 2015.

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Retail TouchPoints

MARCH 2, 2021

Macy’s has announced a series of changes to its senior leadership team, including the elimination of the Chief Operations Officer role, as it moves forward with its “Polaris” omnichannel transformation strategy. Miller also has held leadership roles at global payments processing firm First Data Corporation, TD Ameritrade and The U.S.

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Retail TouchPoints

DECEMBER 23, 2020

Called the “low value consignment stock relief,” the threshold was intended to reduce the administrative burden in customs compliance. The new rules broadly extend a 2015 VAT adjustment for certain sales of digital, telecommunications and broadcast services to include ecommerce goods.

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Retail Gazette

MAY 4, 2024

More than a dozen brands that form part of LVMH, including Tiffany & Co, Christian Dior and Bulgari, have issued lawsuits against the US payment giants in the High Court, according to The Telegraph. Since 2015, interchange fees have been capped at 0.2% for debit cards and 0.3% for credit cards.

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Retail TouchPoints

SEPTEMBER 6, 2022

At the same time, just to complicate things further for retailers, Gen Z actually likes to shop in physical retail stores, according to the study. They want shopping to be fast and fun — less of a process. It is critical to provide consumers the right offer at the right time in the right location.

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Inside Retail

SEPTEMBER 11, 2021

Here, we chat with Missfresh about how the DMWs operate, how it’s digitalising fresh markets and its plans for the future. Missfresh was the first to invent the distributed mini warehouse (DMW) business model in China in 2015, before any other player in the on-demand DMW industry. Missfresh generated RMB 6.1 billion revenue ($943.7

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Retail Gazette

AUGUST 21, 2024

In stark contrast to the majority of its rivals, Aldi scrapped the last of its online operations as it folded its click-and-collect service last weekend. However, the move came after CEO Giles Hurley hinted it had “big plans” to extend its existing click-and-collect offer at the end of 2022. Aldi is not alone.

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A1 Retail

NOVEMBER 18, 2021

Barclaycard Payments’ data shows quarterly SME transactions have risen by 38.1 Business owners are starting to feel more optimistic about their own performance, with almost three in 10 (29 per cent) expecting their most successful festive period since 2015. Year-on-year payments volumes are also showing strong growth – up 21.9

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Inside Retail

FEBRUARY 28, 2022

Established in 2015 by Hannah Chipkin and Pippa Joseph, Merchgirls quickly became the go-to merch solution for companies that wanted something different to the traditional merchandise offering. Before joining Shippit, we were using a very clunky system,” says Pippa Joseph, Director at Merchgirls. What were the results?

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Secure Retail

FEBRUARY 1, 2023

Secure Retail is a leading provider of Secure End to End Omnichannel Payment Solutions (eCommerce and Customer Present) along with hardware across all market sectors. We have an ethos of enhanced security in every process that we do as a company and always strive to go over and above what is expected from us by our customers and partners.

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Inside Retail

MARCH 24, 2022

Blooms The Chemist has a new chief operating officer, Pamela Bishop. She will also oversee daily operations including retail, merchandising, pharmacy, people and culture. She has more than 20 years of experience in the pharmacy industry of which 16 years were spent at Blooms The Chemist. Blooms The Chemist names new COO.

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Inside Retail

JUNE 19, 2024

The online platform is expected to cease operations from March next year. Much like Farfetch, YNAP struggled to turn a profit in China, even during the Covid years when the luxury market was booming,” Jacques Roizen, MD at consultancy company Digital Luxury Group, told Inside Retail.

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Global Shop

AUGUST 1, 2024

Running a standard manufacturing business is tough, but imagine doing it for a self-sufficient, state corrections enterprise that produces 500 different products and services across seven locations. Bringing It All Together For years, ACI managed its operations with a mix of old, clunky business management systems.

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Retail TouchPoints

JANUARY 20, 2022

The first Amazon Style store is set to open later this year at The Americana at Brand shopping mall in Los Angeles. “We Amazon Style will actually be the company’s seventh physical retail format, which all began with Amazon Books way back in 2015. As one would expect, tech will take center stage at Amazon Style.

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A1 Retail

NOVEMBER 29, 2021

Barclaycard Payments’ data shows quarterly SME transactions have risen by 38.1 Business owners are starting to feel more optimistic about their own performance, with almost three in 10 (29 per cent) expecting their most successful festive period since 2015. Year-on-year payments volumes are also showing strong growth – up 21.9

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Inside Retail

OCTOBER 20, 2022

Brandbank owns and operates retail brands Seed Heritage, Kikki K, French Connection, Commonry, Fine Day and All Kinds. Halkett was formerly CEO at APG & Co – the parent of Sportscraft, Saba, and Jag – between 2015 and 2020 and at Kathmandu between 2006 and 2014. Nordstrom chief financial officer steps down.

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Inside Retail

JUNE 13, 2023

We speak with Yoox Net-a-Porter’s APAC general manager Natalie Lee about the resilience of luxury spending amidst an economic downturn, the importance of localisation, personalisation and incredible customer service, and how the company is using technology to improve the way it operates. How do you plan to leverage them?

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Rangeme

SEPTEMBER 9, 2021

At Kickfurther, we help solve one of the hardest problems CPG brands face: how to fund the production of their inventory,” says David Koifman, Head of Growth at Kickfurther. Relaxed payment obligations – After receiving funding from Kickfurther, payment obligations only begin once you achieve sales.

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Inside Retail

AUGUST 1, 2022

Although both superapps boast a number of digital services, the main business lines are e-commerce, on-demand services (primarily ride-hailing and food delivery) and fintech (financial services, consisting mainly of e-payment systems). At that time, three players – Tokopedia, Lazada, and Bukalapak – owned the market.

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Retail Gazette

AUGUST 10, 2023

Wilko has formally collapsed into administration, appointing PwC to lead the process, as 12,000 jobs are put at risk. Its cash flow issues became evident last year when it deferred supplier payments and asked landlords to move to monthly rents. between 2017/18 and 2021/22. Meanwhile, the £35.9m

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Inside Retail

SEPTEMBER 19, 2022

The Artist Formerly Known as Facebook has thrown many harpoons at its white whale: transactional commerce. Its cash cow of discovering new products and services has served it well, but it has long looked at getting closer to the transaction in its platform – either by actually completing the transaction or building a social shop.

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Retail TouchPoints

MARCH 15, 2022

Originally developed by Google in 2015, accelerated mobile pages (AMP) is open source technology designed specifically to boost how fast pages load on smartphones and tablets. Finally, email marketers can conduct abandoned cart campaigns or increase sales with email shopping carts and payment options. Why AMP, and Who’s on Board?

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Mass Relators

OCTOBER 25, 2023

WASHINGTON – A retail group said Wednesday that a proposed reduction in the “swipe” fees that merchants pay banks to process debit card transactions is welcome but doesn’t go far enough. The Fed found that banks’ average cost to process debit transactions was 7.7 cents but set the maximum at 21 cents under heavy lobbying by banks.

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Inside Retail

JULY 29, 2022

Siobhan Mahoney, senior program adviser at Anti-Slavery International (ASI) and Simon Platts, commercial ESG and sustainability director at Asos, explained how their alliance with Industriall Global Union affiliate Confédération des Travailleurs des Secteurs Publique et Privé (CTSP) helped migrant workers in Mauritius secure their rights.

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Indigo 9 Digital

AUGUST 2, 2022

Three years earlier in 2015, eCommerce giant Alibaba opened its first Hema supermarket in China. It is an initiative aimed at connecting online and offline retail and digitizing stores in order to provide a better customer experience. To shop at Hema customers have to download the Hema mobile app. Scan and go.

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Retail Focus

SEPTEMBER 27, 2022

Much of the retail industry has turned digital, and more and more places have started accepting mobile payment services like Apple Pay, Samsung Pay, and Google Pay. These are all products that would come in handy when spending several hours at the mall on Boxing Day. #2: 2: Dress Smart. 3: Create a List of What You Want.

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Small Biz Trends

JULY 26, 2022

And social media marketing has become an indispensable tool for leveraging products and services. Essentially an influencer produces compelling content that influences potential buyers of a product or service by promoting or recommending the items on social media. In today’s world, social media has become the new social proof.

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Small Biz Trends

MAY 18, 2021

This guide will take you through the process of selling on StockX, including how to set up an account and the benefits and drawbacks of selling on StockX. At its core, StockX is a resale market used for authentic sneakers (i.e., StockX was founded in 2015 and launched in February 2016. The Process of Selling on StockX.

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Inside Retail

SEPTEMBER 6, 2022

They grew quickly, relatively unchallenged by local operators. The key players at the time were FamilyMart, Circle K, and B’s Mart, with market shares of 21.4 It reached another deal with local bank Techcombank to add not only ATMs but actual bank service counters where store footprints were large enough to accommodate them.

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