Retail TouchPoints

NOVEMBER 4, 2020

In 2019 , the total market share of online U.S. Without proper identification of the individuals behind transactions or new account openings, it’s difficult for retailers to tell the difference between good customers and bad actors, and therefore easier for fraudulent activity to slip through. The Harmful Impact of Digital Fraud.

Merchant Services 309

Merchant Services Payment Services Accounting Jewelry 309

Retail TouchPoints

JUNE 25, 2020

In March 2019 Amazon launched Project Zero to detect fake products before they are purchased. Amazon also has collaborated with brands and law enforcement to hold counterfeiters accountable through financial penalties, civil litigation and criminal prosecution.

Payment Services 283

Payment Services Accounting Location ATS 283

Retail TouchPoints

AUGUST 19, 2020

Same-day services, including order pickups, drive-ups and its Shipt subsidiary, grew 273% and accounted for approximately six percentage points of total company comp sales growth. However, Target’s brick-and-mortar stores proved to be essential elements in the retailer’s overall growth, fulfilling more than 90%. of the retailer’s Q2 sales.

Fulfillment 291

Fulfillment Accounting Returns Consumer 291

Retail TouchPoints

JUNE 15, 2022

Google does have a direct-purchase feature, Buy on Google, which is similar to what Bing has rolled out, but it accounts for only a fraction of the more than 1 billion shopping sessions Google sees every day, according to Madrigal. Bing accounts for approximately 25% of total monthly search volume in the U.S.,

Merchant Services 288

Merchant Services Shopping Payment Services Advertising 288

Inside Retail

JUNE 15, 2023

In 2019, Baslangic made 14 illegal payments ranging from $10,000 to more than $400,000 to fictitious businesses with a bank account in his name while others were sent to the Australian Taxation Office which were then redirected into eight different personal bank accounts.

Accounting 237

Accounting ATS Supermarket 237

Inside Retail

JUNE 17, 2021

million between March 2018 and 2019, and that it has failed to repay the total sum despite having made back-payments. In an opinion penned in November of 2019, just a month after Woolies’ initial self disclosure, RMIT professor of workplace law Anthony Forsyth argued that the excuse doesn’t stack up.

Payment Services 246

Payment Services Supermarket Accounting Management 246

Inside Retail

JANUARY 24, 2022

May his soul Rest In Peace,” said a statement on Mugler’s official social media accounts. . Some of his famous pieces include a motorcycle-inspired bodice at Mugler spring/summer ’92 worn by Niki Taylor and Kim Kardashian’s Met Gala look in 2019. . “It The cause of death was reported natural causes, according to his agent. .

ATS 244

ATS Fashion Accounting Returns 244

Retail TouchPoints

APRIL 21, 2021

Buy now, pay later (BNPL) also thrived over the past year, rising nearly 78% to account for 1.6% Digital wallet usage is expected to account for 40.5% Mobile wallets surged 60% to account for 9.6% of brick-and-mortar transactions in 2019 to 11.4% ecommerce share in 2020, up from 23.7% of ecommerce spend.

Merchant Services 282

Merchant Services Payment Services Checkout Accounting 282

Retail TouchPoints

JANUARY 14, 2022

growth we saw in 2019. Gaining access to consumer accounts has increased, allowing fraudsters to purchase gifts on their dollar. He has 15+ years of experience directing national and global accounts for the mobile industry, including leading telco provider AT&T/Cingular. billion online with U.S.

Merchant Services 315

Merchant Services Payment Services Management Accounting 315

Retail TouchPoints

FEBRUARY 1, 2022

Retailers including Amazon , CVS , Kroger , Macy’s , Nike and Walgreens have all added the option through partnerships with Afterpay, and a study by FIS found that BNPL transactions accounted for 29.3% in 2019. ecommerce share in 2020, up from 23.7%

Payment Services 241

Payment Services Accounting ATS 241

Retail TouchPoints

NOVEMBER 28, 2022

While digital penetration is nowhere near the highs it reached during the pandemic, when online accounted for approximately 40% of sales, according to Macy’s CEO Jeff Gennette, ecommerce is continuing its pre-pandemic growth trend with digital penetration this year at 33% , up from 25% in 2019. .

Fulfillment 241

Fulfillment Shipping Accounting ATS 241

Inside Retail

FEBRUARY 5, 2023

Its burger chain business Betty’s, which accounts for 56 per cent of the company sales, has grown from eight stores to 54 over the past five years. The investment company was considering listing the Retail Zoo business from 2019 before Covid-19 put that plan on hold.

Accounting 279

Accounting Planning Marketing Management 279

Retail TouchPoints

OCTOBER 7, 2022

Before joining Under Armour in 2020 as SVP of Americas Wholesale, Baxter served as President and CEO of LIDS Sports Group from 2016 to 2019. The company underwent several rounds of jobs cuts and a $200 million dollar restructuring in 2018, followed by an SEC investigation into its accounting practices in 2019.

Wholesale 228

Wholesale Promotions Apparel Accounting 228

Retail TouchPoints

NOVEMBER 3, 2022

He was replaced as CFO on an interim basis by SVP and Chief Accounting Officer Laura Crossen. The filing noted that the company had “no reason to believe” that sensitive and/or personally identifiable information (PII) had been accessed. In early September 2022, the retailer’s CFO Gustavo Arnal died in what was ruled a suicide.

Payment Services 231

Payment Services Accounting Store Operations ATS 231

Retail TouchPoints

MAY 28, 2024

The companies first teamed up in 2019 after Walmart chose not to renew its deal with Synchrony Financial, but the partnership hit a rough patch in 2023 when Walmart filed a lawsuit to exit its contract early, alleging that the financial institution was falling short on customer service requirements. ”

Accounting 224

Accounting Consumer ATS Marketing 224

Inside Retail

NOVEMBER 20, 2022

The Australian market currently accounts for 16 per cent of its sales, and the company aims to grow that to 38 per cent by 2025. Since 2019, the business has grown revenue by 300 per cent, with $4.3 Founded in 2012 by CEO Tim Dunn, Bushbuck is a hunting and outdoor brand that uses a direct-to-consumer business model.

Outdoor 245

Outdoor Accounting Planning Marketing 245

Inside Retail

OCTOBER 13, 2021

As recently as 2019, over 70 per cent of the value of B2B sales in Australia occurred through trade credit. And with the functionality to record transactions ledger-to-ledger and integrate with your existing accounting and ERP systems, your business’s finances will be automatically updated every time a sale, refund or exchange is made. .

Payment Services 355

Payment Services Finance Customer Experience Wholesale 355

Inside Retail

FEBRUARY 24, 2022

As the troubled department store retailer tries to reight-size its portfolio in the wake of consumers moving online to shop, Myer said the Blacktown store closure was the fifth under its Customer First Plan launched in January 2019. Since then it has closed stores located at Logan, Hornsby, Emporium and – most recently – Knox, last August.

Planning 246

Planning Department Stores Accounting Location 246

Retail TouchPoints

OCTOBER 4, 2021

compared to the same period in 2019, showing significant growth since its exited from bankruptcy in 2018. members accounted for half its sales in the country in the first half of fiscal 2021. Claire’s has filed for an IPO that would value the company at $100 million. compared to the same period in 2020 and 3.4%

Jewelry 251

Jewelry Accessories Accounting Location 251

Inside Retail

FEBRUARY 8, 2024

million and now account for 21.3 The customer-first plan was introduced back in 2019 and remains the centrepiece of the company’s strategy to deliver for all its interested parties. Myer reported in its latest trading update that group comparable sales for the first half of FY24 were virtually flat, up by just 0.1

Department Stores 264

Department Stores Inventory Management Planning Returns 264

Retail TouchPoints

SEPTEMBER 6, 2023

These plans are part of the brand’s near-term climate target of reducing greenhouse gas (GHG) emissions 37% by 2032 compared to a 2019 base figure. They are holding us to account, and we must set ambitious goals and take meaningful and lasting actions to protect their futures.”

Planning 230

Planning Accounting Store Operations ATS 230

Retail TouchPoints

SEPTEMBER 27, 2023

in 2021 and in line with shrink rates seen in 2020 and 2019. Theft, both internal and external, accounts for 65% of shrink, although it can reach as high as 70% in certain verticals. When calculated as a percentage of total retail sales, shrink represented $112.1 billion in losses, up from $93.9 billion in 2021.

Sporting Goods 252

Sporting Goods Store Operations Location Accounting 252

Retail TouchPoints

DECEMBER 20, 2022

In 2019, GhostData found that 56,000 Instagram accounts were associated with the counterfeit of luxury brands, representing a 171% increase since 2016. These accounts generated 64 million posts to promote imitation products, up more than 300% from 2016.

Accounting 56

Accounting Promotions Management Location 56

Retail TouchPoints

JANUARY 10, 2022

After going private in 2016, the chain hit a few bumps in the road, including an accounting scandal that saw the resignation of the current CEO. Since the beginning of fiscal 2019, we have fundamentally transformed our business across all functions,” the company wrote in the S-1. “We

Specialty Retailers 252

Specialty Retailers Accounting Location Returns 252

Inside Retail

JUNE 3, 2024

Melbourne-based pet-accessories brand St Argo, has catered to the pet accessories market segment since it was founded in 2019, however, at a much lower end of the price spectrum. The luxury end of the pet accessories category was tipped to account for US$4 billion of consumer spending in 2023 and is expected to account for US$6.3

Accessories 279

Accessories ATS Specialty Store Accounting 279

Inside Retail

JULY 27, 2023

McConnell told Inside Retail that the “tone at the top” matters more than people think, and that, in his experience, boards do a bad job of holding themselves accountable. Standard accounts are subject to a monthly account fee, while Premium and Pro accounts are not.

Accounting 242

Accounting Returns Management ATS 242

Retail TouchPoints

JULY 14, 2021

This builds on Apple and Goldman’s existing partnership on the Apple Card credit card, which has been backed by the investment bank since 2019. Apple is hopping into the arena at a good time: BNPL usage jumped nearly 78% in 2020 to account for 1.6% The new offering is separate and doesn’t require shoppers to use the Apple Card.

Payment Services 293

Payment Services Planning Accounting Marketing 293

Inside Retail

FEBRUARY 8, 2023

Between January 1 and December 31, 2019, nine workers were allegedly underpaid minimum rates, overtime entitlements, annual leave entitlements, penalty rates for weekend, public holiday and evening work. Individual underpayments ranged from $239 to $15,198.

Accounting 246

Accounting 246

Retail TouchPoints

AUGUST 9, 2022

In fact, a 2019 study from the Journal of Management Accounting Research found that combining the two roles had no adverse effects on the businesses it studied and can lead to operational and fiscal efficiencies.

Finance 237

Finance Accounting Management Consumer 237

Retail TouchPoints

FEBRUARY 12, 2021

Burris joined GNC in 2019 as Chief U.S. Lawrence also started in 2019, as SVP Finance and Chief Accounting Officer, and has been acting as interim CFO during the past several months. GNC has promoted Josh Burris from President to CEO of the health and wellness retailer, and has named Cam Lawrence as its new CFO.

Finance 176

Finance Promotions Accounting Customer Experience 176

Retail TouchPoints

FEBRUARY 24, 2022

Additionally, ABG has become the largest shareholder in Studio 99 , an integrated creative and production studio co-founded by Beckham in 2019. Together, ABG and Beckham will expand the athlete’s brands through strategic endorsements, digital and media partnerships and new products.

Accounting 233

Accounting Management Marketing 233

Retail TouchPoints

OCTOBER 6, 2020

In-store traffic during the six biggest weeks of the holiday season will be down 22% to 25% compared to 2019, according to ShopperTrak data from Sensormatic Solutions. The company expects the 10 busiest days to account for just 34.2% in 2019, with sales spreading out across the holiday season. Traffic was down as low as -82%.

Checkout 166

Checkout Accounting Consumer Shopping 166

Inside Retail

FEBRUARY 15, 2022

“The price adjustment takes into account changes in production costs, raw materials, transportation as well as inflation,” the label said in a statement given to Reuters. The price increases will affect Louis Vuitton stores worldwide and cover leather goods, fashion accessories and perfumes, the spokesperson said on Tuesday.

Accessories 240

Accessories Fashion Accounting Marketing 240

Retail TouchPoints

NOVEMBER 29, 2021

The latest data from the Adobe Digital Economy Index revealed that out-of-stock messages rose a whopping 325% in October 2021 compared to the same month in pre-pandemic times (way back in 2019), and in the last month alone consumers have been hit with more than 2 billion out-of-stock messages online.

Shopping 285

Shopping Shipping Consumer Planning 285

Retail TouchPoints

NOVEMBER 3, 2023

seen from 2010 to 2019. “It The NRF’s forecast, which is based on economic modeling that takes multiple factors into account, is in line with the Mastercard Spending Pulse prediction from September 2023 that U.S. retail sales will climb 3.7% for the Nov. 24, 2023 period.

Finance 238

Finance Accounting Consumer Promotions 238

Retail TouchPoints

NOVEMBER 14, 2022

1, 2022, and the balance in the reserve account previously used to make payments on the loans is $862.12. The more than 3-million-square-foot shopping center has a troubled past, including more than a decade of construction before opening in October 2019, just months before COVID-19 forced it to shut down for an extended period.

Payment Services 218

Payment Services Finance Accounting Shopping 218

Retail TouchPoints

MARCH 14, 2022

The committee relayed several issues with Amazon’s testimony: In July 2019, Amazon’s Associate General Counsel for Competition, Nate Sutton, testified under oath about Amazon’s use of third-party seller data in its private label business. Amazon and its executives must be held accountable for this behavior.

Accounting 253

Accounting Marketing ATS 253