Retail TouchPoints

AUGUST 30, 2021

Retail rode strong into Q2 2021 as shoppers returned to stores even as digital sales remained elevated. in Q2 2021 while its digital comparable sales grew 10% , building on the 195% growth achieved in 2020. Target’s Store-Based Fulfillment Model Drives Convenience. Target’s physical comparable sales grew 8.9%

Consumer 328

Consumer Fulfillment Department Stores Sporting Goods 328

Inside Retail

OCTOBER 17, 2024

The campaign, which ran from January 2020 to August 2021, was for a 60-month interest-free and no-deposit payment method. The Federal Court has ruled that Harvey Norman, along with Latitude Finance Australia, made false and misleading financial claims in a national advertising campaign.

Finance 304

Finance Payment Services Advertising Accounting 304

Retail TouchPoints

JANUARY 10, 2022

Retailers pulled off a successful 2021 holiday season despite the challenges posed by the omicron variant and ongoing supply chain issues. 24, 2021, according to data from Mastercard. 21, 2021, through Jan. The top 10 days of the season accounted for 35.8% Overall sales were up 8.5% 1 through Dec. drop in 2020.

Shopping 299

Shopping Drop-Shipping Returns Shipping 299

Retail TouchPoints

JANUARY 14, 2022

Most experts expected holiday 2021 to be a digital success, and the season didn’t disappoint: global sales hit $1.14 As a result, Cyber Week 2021 accounted for 23% of total ecommerce spend, down slightly from 24% in 2020. trillion , up from $1.1 trillion in 2020, while U.S. 18 and Dec.

Social Commerce 306

Social Commerce Fulfillment Drop-Shipping Payment Services 306

Retail TouchPoints

SEPTEMBER 17, 2021

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. 1, 2021, consumers will have spent more online than the $575 billion they spent in all of 2019.

Consumer 262

Consumer Home Furnishings Apparel Markdowns 262

Retail TouchPoints

FEBRUARY 11, 2021

of retail sales in China will come from ecommerce in 2021. If the forecast bears out, this will be a major milestone for online commerce, marking the first time that digital sales will account for a majority of all retail sales in any country worldwide. of all retail sales in 2021, while in the U.S. of the country’s total.

Payment Services 182

Payment Services Accounting Shopping ATS 182

Retail TouchPoints

MARCH 5, 2021

The company is planning to open 100 new stores this year while at the same time relocating or closing 25 existing stores, bringing the net total of new stores in 2021 to 75. 30, 2021, total sales increased 4% to $2.3 For the 13 weeks ended Jan. I was pleased with how we navigated this trend, and utilized core Burlington 2.0

Planning 264

Planning Location Store Operations Accounting 264

Retail TouchPoints

JUNE 24, 2021

Prime Day 2021 sales grew relatively modestly compared to last year’s Prime Day, up 6.1% In 2020, the ecommerce giant disclosed that third-party sellers accounted for $3.5 Despite this increase, CPC for Prime Day 2021 was estimated at $2.25 , only slightly higher than the $2.20 billion in sales. for both years. during that year.

Advertising 168

Advertising Accounting Promotions ATS 168

Retail TouchPoints

JANUARY 26, 2021

Culled from this agile, iterative survey data, here are six things we learned consumers want from retailers heading into 2021: 1. Retailers selling to the consumer of 2021 must pay careful consideration to their carrier strategy. Something different (Advantage: DTC brands). One in four consumers are shopping more with small brands.

Consumer 312

Consumer Drop-Shipping Shipping Returns 312

Retail TouchPoints

MARCH 8, 2021

2020 saw a huge upswing in email and online fraud affecting retailers, including spoofing of retailers’ websites, consumer account takeovers and fraudulent delivery of messages. That’s why we predict retailers will increase authentication efforts in 2021; and inbox providers agree. Wider use of authentication tools.

Marketing 168

Marketing Management Accounting Promotions 168

Inside Retail

NOVEMBER 18, 2024

From November 2018 to November 2021, Bunnings implemented a trial FRT at 63 stores in Victoria and NSW, capturing the faces of every visitor. Bunnings breached privacy laws by using facial recognition technology (FRT), the Privacy Commissioner determined.

Accounting 264

Accounting Consumer ATS 264

Retail TouchPoints

JULY 31, 2023

GameStop will replace its departing CFO Diana Saadeh-Jajeh with Daniel Moore, who will take on the roles of Principal Accounting Officer and interim Principal Financial Officer effective Aug. Furlong and Recupero, both former Amazon executives, had been brought on in June 2021. The troubled retailer reported a $50.5

Accounting 246

Accounting ATS Marketing 246

Retail TouchPoints

DECEMBER 23, 2020

In 2021, businesses in the United States will face new VAT rules for selling to final consumers in Europe. 1, 2021 to July 1, 2021 due to the coronavirus pandemic, but U.S. While the changes are meant to help streamline the filing and collection of Value Added Tax (VAT), they unintentionally make tax calculation more complex.

Payment Services 192

Payment Services Telecommunications Accounting Planning 192

Inside Retail

JULY 5, 2024

Under the term, business account holders have 60 days to notify PayPal of any errors or discrepancies in fees that the financial platform has charged them, or else accept those fees as accurate. The declarations affect small businesses entering a contract with PayPal between September 21, 2021 to November 7 last year.

Accounting 273

Accounting 273

Retail TouchPoints

FEBRUARY 24, 2021

Accelerating vaccine rollouts combined with pent-up consumer demand will drive 2021 U.S. The projected increases for 2021 will put sales growth rates on a par with 2020’s. The 2020 November-December holiday season accounted for 19.4% retail sales to at least $4.33 trillion , according to the National Retail Federation (NRF).

Accounting 147

Accounting Consumer Store Operations ATS 147

Retail TouchPoints

FEBRUARY 15, 2024

can link eligible accounts to earn 2% cash back from Bank of America (on top of the rewards and benefits they already earn on qualifying purchases) and one Star for every $2 spent at Starbucks. Customers can either link their accounts through the Bank of America or Starbucks site to start collecting rewards.

Sporting Goods 287

Sporting Goods Accounting Consumer Marketing 287

Retail TouchPoints

JULY 22, 2021

In this article, we take a look at the key risks that may be faced by retail businesses in 2021 but also through the next decade. The shopping behemoth accounts for over half the ecommerce market on its own. While the pandemic has shed light on the resilience of the retail industry, there are still looming risks for the next decade.

Payment Services 306

Payment Services Consumer Customer Experience Accounting 306

Retail Focus

MAY 27, 2021

As we enter the second quarter of 2021, the UK continues to live under social restrictions. billion market, while online stores accounted for £22.3 Here, we look at how retailers can be more sustainable in 2021 and thereafter. . That’s our list of ways retailers can be more sustainable in 2021.

Shipping 130

Shipping Accounting Returns Consumer 130

Retail TouchPoints

FEBRUARY 11, 2021

CSR accountability will be a point of competitive differentiation and a matter of law. Some time in 2021 you’ll be on a Zoom call and a panelist will say, “We used 2020 to tackle important digital transformation projects that had been back-burnered.” Here’s to a safe, healthy, prosperous 2021. Send us your picks.

Retail Trends 228

Retail Trends Payment Services Supply Chain Management Fulfillment 228

Retail TouchPoints

OCTOBER 24, 2023

After linking its loyalty program with Dick’s Sporting Goods in 2021, Nike is now partnering with Hibbett on a similar “ connected partnership.” Members can now link their Nike membership and Hibbett Rewards accounts on the Hibbett website.

Sporting Goods 279

Sporting Goods Accounting Consumer Customer Experience 279

Inside Retail

NOVEMBER 5, 2024

May said she lost $1,000 in April 2021 when a scammer posing as a relative instructed her to contact a supposed government agent, who told her she was eligible for federal grant money if she bought Google Play gift cards. Citing FTC data from 2021, May said Google Play cards account for about 20 per cent of gift card scams.

Accounting 130

Accounting 130

Retail TouchPoints

DECEMBER 27, 2022

compared to the same period in 2021. Ecommerce accounted for 21.6% in 2021 and 20.6% The index, which was not adjusted for inflation, measured in-store and online retail sales across all forms of payment. The payment company saw that online sales grew 10.6% of total retail sales, up from 20.9%

Accounting 290

Accounting Consumer Shopping ATS 290

Retail TouchPoints

SEPTEMBER 18, 2023

Fox pointed out that the fine is based on the way settings and features worked on the app three years ago, and since that time many of these issues have already been addressed, most of them before DPC began its probe in September 2021. An inquiry by the DPC found that between July 31, 2020 and Dec.

Accounting 275

Accounting Location Marketing 275

Retail TouchPoints

JANUARY 21, 2021

The six-day NRF 2021 Chapter One , which will wrap up on Jan. According to Stefano Secchi, Managing Director at Moschino, Tmall Luxury Pavilion became a crucial channel for the brand as it sought to successfully engage consumers in China, which accounts for more than 60% of the brand’s total presence in Asia.

Beauty and Health 261

Beauty and Health Customer Experience Marketing Consumer 261

Cisco Retail

AUGUST 17, 2021

We are giving you a sneak peek into our recommendations for email security based on 2021 trends that will be out later this year. Internal Email Scanning: Account Take Over (ATO) is a new threat to organizations. When it comes to safeguarding email against today’s advanced threats like phishing and malware information is power.

Management 144

Management Accounting Marketing 144

Nvidia

DECEMBER 9, 2021

Learn more about our latest app update — featuring Ubisoft Connect account linking for faster game launches — now rolling out to members, and the six new games joining the GeForce NOW library. — NVIDIA GeForce NOW (@NVIDIAGFN) December 8, 2021. The update also improves the streaming experience on Mac. Version 2.0.36

Accounting 99

Accounting Location ATS 99

Retail TouchPoints

OCTOBER 5, 2020

The planned decrease in its brick-and-mortar presence accounts for approximately 6% of the retailer’s 5,000-store global footprint. Approximately 25% of the H&M Group’s stores have a contractual right to renegotiate or exit their leases each year. H&M has not yet identified which stores will be shuttered.

Fast Fashion 202

Fast Fashion Fashion Accounting Location 202

Retail TouchPoints

JANUARY 28, 2022

retail sales in 2021, or $761 billion in merchandise, will be returned this year, according to a report from the National Retail Federation and Appriss Retail. Total retail sales reached $4.583 trillion in 2021. According to the NRF, online sales accounted for $1.05 Approximately 16.6% of all U.S. trillion in U.S.

Returns 313

Returns Apparel Accounting Consumer 313

Retail TouchPoints

DECEMBER 30, 2021

Account takeover fraud, which is driven by impostor scams, increased by 50%, with no signs of slowing down in 2021. The 2021 Javelin Identity Fraud Study includes findings on identity fraud scam approaches that criminals use on each generation: Baby Boomers. K eep bots out of your customers’ accounts and checkout.

Merchant Services 298

Merchant Services Accounting Payment Services Returns 298

Retail Gazette

OCTOBER 13, 2024

The value of Selfridges’ property portfolio was cut by over half a billion pounds last year, according to accounts from the luxury retailer’s property holding company. The accounts show valuers have cut the valuation of its £3.1bn property assets – which include its Oxford Street flagship in London – by £638.6m, a 20.6%

Department Stores 124

Department Stores Accounting Marketing 124

Retail TouchPoints

JUNE 30, 2022

One day after announcing the departure of CEO Mark Tritton , Bed Bath & Beyond has named Laura Crossen as its new SVP of Finance and Chief Accounting Officer, and Susie Kim as SVP of Treasury and Investor Relations. Kim, who joined the retailer in May 2021 to lead the company’s investor relations, will take over Crossen’s previous role.

Finance 317

Finance Promotions Accounting Management 317

Cisco Retail

OCTOBER 7, 2021

I am excited that one of the most interesting and influential groups of developers working on these apps will be coming together to explore the paths forward in software next week at KubeCon + CloundNativeCon 2021. They’ll discuss using Istio along with a custom Envoy filter to run account-based canary in production.

ATS 133

ATS Management Accounting Location 133

Retail TouchPoints

SEPTEMBER 27, 2023

in 2021 and in line with shrink rates seen in 2020 and 2019. billion in 2021. 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

Sporting Goods 264

Sporting Goods Store Operations Accounting Location 264

Talking Retail

JULY 9, 2021

The top cat in this category is Felix, which accounts for about one-third of category value and continues to flourish with impulse sales growth. This story continues at MustStocks 2021: Cat food. sales uplift this time around. Or just read more coverage at Talking Retail.

Accounting 52

Accounting ATS 52

Retail TouchPoints

JUNE 15, 2022

The big differentiator is that Google insists its aim is not make the actual sale, but rather to support product discovery: “We’re indifferent on where the shopping journey ends, where that transaction takes place,” Matt Madrigal, VP and General Manager of Merchant Shopping at Google told Retail TouchPoints in a 2021 interview.

Merchant Services 306

Merchant Services Shopping Payment Services Advertising 306

Retail TouchPoints

MARCH 29, 2021

Nike has reportedly closed its accounts with DSW , Urban Outfitters , Shoe Show , Dunham’s Sports , Olympia Sports and Big 5 Sporting Goods as the retailer pulls out of specialty retailers and department stores, according to Forbes and other media outlets. billion , accounting for 35% of gross sales, according to Forbes.

Sporting Goods 321

Sporting Goods Wholesale Specialty Retailers Accounting 321

Retail Focus

SEPTEMBER 3, 2021

Build a trustworthy team to help you manage your budget, or better yet, outsource the task to an accountant who can help you to get everything in order. The post A Guide To Starting Your Courier Business In 2021 appeared first on Retail Focus - Retail Design.

Planning 130

Planning Accounting Management ATS 130