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Under Armour Settles Accounting Practices Suit for $434 Million

Retail TouchPoints

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. 16, 2015 and Nov.

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Adobe: Consumers Will Spend More Online in First 10 Months of 2021 than All of 2019

Retail TouchPoints

The Adobe Index — which analyzes consumer transactions across more than 100 million SKUs in 18 categories — found that consumers have spent more than $541 billion online in the first eight months of this year, from January through August 2021. However, the report indicates that consumer fears about inflation have not been inflated.

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How Retail Arrived at Black Friday 2017

Wiser

With Black Friday 2017 just days away, it’s only natural to look back and figure out where exactly this retail holiday came from. Let’s discuss the history and how we arrived at the current iteration: Black Friday 2017. . In addition, Visa found that Black Friday through Cyber Monday accounted for 9.1

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Consumers and Merchants Should Look Before They Leap into BNPL Services

Retail TouchPoints

As the popularity of BNPL increases, it is important for consumers and merchants to weigh the benefits and the drawbacks of using/offering these payment options. BNPL services allow consumers to buy and take home their purchases on the spot, without having to wait until products are paid off to receive them. A survey by cardify.ai

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Consumer prices accelerated in March

Mass Relators

WASHINGTON — Consumer prices shot higher in March, driven by a strong economic recovery from pandemic-related restrictions, the Labor Department reported today. The consumer price index – which includes the often volatile categories of energy and food — rose 0.6% It was the biggest year-over-year gain since August 2017.

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How wholesaler Foodbomb is taking its suppliers direct-to-consumer

Inside Retail

Launched in 2017, wholesale platform Foodbomb connects restaurants and cafes with a marketplace of around 160 suppliers, simplifying the ordering process. But, in the wake of the Covid-19 pandemic, the business opened its doors to direct-to-consumer (D2C) sales to buoy the market through periods of empty supermarket shelves.

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Proudly made in China: How Chinese consumers are reclaiming domestic brands

Inside Retail

As the quality of living and workers’ wages reached new heights, Western brands spotted a golden opportunity and raced to set up shop in the East to reach China’s 1 billion consumers (and counting). First opened in 2017, Nio aimed to design an experience beyond just selling a car through its exclusive lounge concepts and on-site perks.

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