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ATO, police seize illegal sales suppression technology

Inside Retail

It has been illegal to manufacture, supply, possess, use or promote ESSTs – designed to alter transaction records and avoid paying tax – in Australia since October 2018. A point-of-sale system with such technology may permanently delete transactions, re-sequence transactions, reduce sales values, or misrepresent transactions.

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BuyBuy Baby to Reopen in Time for the Holidays

Retail TouchPoints

New tech integrationswill include iPads and other handheld point-of-sale devices for seamless checkout experiences, as well as the integration of QR codes throughout the store to offer customers access to additional product information. The return of BuyBuy Baby is only the latest revival in the baby retail sector this year.

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Target Rips Up Paper Checks as Payment Method

Retail TouchPoints

annually between 2018 and 2021, with a total of 11.2 However, the average value of check payments has increased from $1,908 in 2018 to $2,340 in 2021, indicating that although people are writing fewer checks, they are using them for larger transactions — and therefore are less likely to use them for a weekly supermarket stock-up trip.

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Footwear brand Rockport is back under bankruptcy protection

Inside Retail

The group has 30 distributor partners in more than 60 countries and 1100 points of sale. The struggling footwear retailer was rescued from Chapter 11 bankruptcy by private equity company Charlesbank Capital Partners in 2018. The post Footwear brand Rockport is back under bankruptcy protection appeared first on Inside Retail.

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Sephora Rolls Out Mobile POS Technology to 500 Stores

Retail TouchPoints

Now more than ever, it is critical for us at Sephora to be able to adapt to the quickly changing retail environment, and that’s especially important at the point of sale,” said Sree Sreedhararaj, SVP and CTO at Sephora in a statement.

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Excess Wine Inventory Pains France’s Bordeaux Region — Can Retail Optimization Technology Lift the Industry’s Spirits?

Retail TouchPoints

Unfortunately, China had already bored of Bordeaux (and all other wines, including their own ) by 2018, with consumption decreasing by 260 million bottles each year thereafter. In the omnichannel context, inventory is spread out across multiple distribution channels that usually include digital and brick-and-mortar points of sale.

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As Contactless Payment Use Grows, Here?s What Consumers Need To Know About Fraud Prevention

Retail TouchPoints

In a pandemic, that turns point-of-sale terminals where people swipe or dip cards into “bus depots,” where virus particles can stop off and then catch a ride on new cards and new hands to keep spreading. The less good news is that contactless cards were involved in 3% of card fraud in 2018 in the UK.