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Suppliers: How to get your retail business customers to pay you quicker

Inside Retail

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. .

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Identifying the ‘Faces’ Behind Faceless Online Transactions

Retail TouchPoints

In 2019 , the total market share of online U.S. Because of this ease, merchants have begun relying on POS financing to drive sales growth. Digital fraud can take many forms, with the most common being account takeover ( 29.8% Digital fraud can take many forms, with the most common being account takeover ( 29.8%

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Coach, Kate Spade Parent Company Adds COO to CFO Scott Roe’s Title

Retail TouchPoints

CFO Scott Roe, with 30 years of retail finance and operations experience under his belt, will take on the COO role in addition to his current responsibilities, effective immediately. Glaser will stay on until Oct. 1, 2022 to ensure a seamless transition.

Finance 227
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GNC Names New CEO and CFO

Retail TouchPoints

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
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NRF: Holiday Spending Could Top $966B, but Shift from Goods to Services Continues

Retail TouchPoints

seen from 2010 to 2019. “It Overall household finances remain in good shape and will continue to support the consumer’s ability to spend.” 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.

Finance 229
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NJBIZ: American Dream Reaches Deal with Lenders for 4-Year Extension on Loan Repayment

Retail TouchPoints

billion in construction financing loans, according to NJBIZ. 1, 2022, and the balance in the reserve account previously used to make payments on the loans is $862.12. American Dream owner Triple Five Group has reportedly reached a deal with lenders to get a four-year extension for repaying its $1.7 million on Aug.

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Buy now pay later: What’s retailers’ responsibility?

Inside Retail

And it’s a powerful driver with ASX-listed BNPL providers processing about $10 billion worth of purchases in Australia and New Zealand, during 2019/20, according to the RBA. Late fees earned the Australian BNPL industry $43 million in 2019 alone, according to ASIC research.