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. The top activities consumers plan to do more? Something different (Advantage: DTC brands).

Consumer 307

Consumer Drop-Shipping Shipping Returns 307

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 319

Consumer Fulfillment Department Stores Sporting Goods 319

Retail TouchPoints

MARCH 11, 2021

The company plans to gain market share and increase currency-neutral sales by an average of 8% to 10% annually between 2021 and 2025, through an aggressive expansion of Adidas’s already booming DTC business, including ecommerce; digitalization of its operations and stores; an expanded membership program; and an increased focus on sustainability.

Planning 190

Planning Wholesale Sporting Goods Accounting 190

Retail Gazette

MAY 20, 2024

Back in October 2021, private equity firm Clayton Dubilier & Rice (CD&R) won an auction to buy Morrisons in a deal valued at £7bn , and the grocer’s most recent financial report showed it had £8.5bn in debt at the end of October last year.

Planning 119

Planning Payment Services Supermarket Grocer 119

Retail TouchPoints

NOVEMBER 18, 2022

million people plan to shop between Thanksgiving Day and Cyber Monday in 2022, representing 69% of all holiday shoppers, according to a survey conducted by the National Retail Federation (NRF) and Prosper Analytics. This would be nearly 8 million more people than in 2021 and the highest estimate since NRF began tracking the data in 2017.

Shopping 264

Shopping Department Stores Planning Accounting 264

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. Businesses will need to rework their enterprise resource planning (ERP) platforms and tax technology to remain compliant.

Payment Services 155

Payment Services Telecommunications Accounting Planning 155

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 317

Sporting Goods Wholesale Specialty Retailers Accounting 317

Retalon

FEBRUARY 12, 2021

Critical Considerations for Retail Assortment Plans. A retailer’s assortment planning process can make or break their selling season (or even their entire fiscal year). But if you manage to predict consumer demand accurately and plan your assortment accordingly — you’ll rake in the profits. What is assortment planning?

Planning 41

Planning Accounting Markdowns Store Layout 41

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 299

Shopping Shipping Consumer Planning 299

Independent Retailer

APRIL 6, 2021

Informa Markets Fashion, host to a comprehensive portfolio of apparel and sourcing fashion trade events including MAGIC, COTERIE, PROJECT, and SOURCING at MAGIC, confirmed the first slate of event dates planned for the second half 2021.

Fashion 52

Fashion Planning Marketing Apparel 52

Retail TouchPoints

AUGUST 29, 2023

Students, faculty and staff scan a QR code to enter the store, pick their items and leave, with the payment deducted from their student meal plan or other stored payment methods. Using the Amazon “Just Walk Out” technology, Grubhub Campus has introduced cashierless checkout at convenience stores at Loyola University Maryland.

Checkout 204

Checkout Payment Services ATS Accounting 204

Retail TouchPoints

MAY 18, 2021

Bed Bath & Beyond has named John Barresi as SVP of Finance and Chief Accounting Officer, as the retailer continues to bolster its leadership team as part of its three-year transformation strategy. Barresi will join Bed Bath & Beyond on June 7, 2021, reporting directly to EVP and CFO Gustavo Arnal.

Finance 190

Finance Accounting Planning Promotions 190

Retail TouchPoints

OCTOBER 5, 2020

Fast-fashion retailer H& M announced plans to close approximately 250 stores next year as it seeks to step up the pace of its transformation via digital investments, store portfolio optimization and increasingly integrated channels. H&M has not yet identified which stores will be shuttered.

Fast Fashion 180

Fast Fashion Fashion Accounting Location 180

Retail Focus

SEPTEMBER 3, 2021

Are you planning to be a same-day delivery service, with drivers transporting important and time-sensitive documents and items around the country? Planning Stages. Creating a business plan is an essential step for every successful business , so try to make it extensive, covering all of your bases. Do Your Research.

Planning 130

Planning Accounting Management ATS 130

Inside Retail

MARCH 15, 2022

Australian Retail Outlook : What are some of the things Witchery worked on in 2021 that you’re most proud of? . Simon Schofield: Witchery has had an incredible 2021. We know Witchery has been working on formalising its Reconciliation Action Plan in 2021.

Planning 130

Planning Fashion Shipping Management 130

Retail TouchPoints

JULY 8, 2022

GameStop has named Diana Saadeh-Jajeh, the retailer’s Chief Accounting Officer, as CFO, effective immediately. After making more than 600 corporate hires in 2021 and the first half of 2022, we have a stronger understanding of our transformation needs,” said Matt Furlong, CEO of GameStop in the memo. year-over-year to $483.7

Accounting 275

Accounting Accessories Planning Marketing 275

Mass Relators

NOVEMBER 6, 2023

CHICAGO – The number of consumers planning to do at least some of their holiday shopping online rose to 82% this year, according to a recent holiday purchase intentions consumer survey from Circana , formerly IRI and The NPD Group. The post More consumers plan to do holiday shopping online appeared first on MMR: Mass Market Retailers.

Planning 52

Planning Consumer Shopping Promotions 52

Retail TouchPoints

NOVEMBER 30, 2022

million shoppers went shopping for great deals, compared to 179 million in 2021 and 30 million more than the projected turnout of 166.3 Nearly all ( 97% ) of Thanksgiving Weekend shoppers were making holiday-related purchases and they spent an average of $325 each, 8% more than the approximately $300 average spend in 2021.

Accounting 244

Accounting Promotions Outdoor Finance 244

Retail TouchPoints

JULY 14, 2023

billion in 2021, according to a survey by the National Retail Federation (NRF) and Prosper Insights & Analytics. billion , with the top products planned for purchase including laptops ( 51% ), tablets ( 36% ) and calculators ( 29% ). Families with children in elementary through high school plan to spend an average of $890.07

Discount Store 224

Discount Store Department Stores Planning Accessories 224

Retail TouchPoints

OCTOBER 26, 2022

Amazon shoppers will be able to add their Venmo account as a payment method for their Amazon account and even set it up as their default payment option. The integration has been almost a year in the making, with Amazon and Venmo parent company PayPal first announcing their plans in November 2021. “We

Payment Services 227

Payment Services Accounting Checkout Management 227

Retail TouchPoints

JANUARY 19, 2023

PROVEN and Sephora have collaborated in the past and have been planning this partnership since August 2021. With its cutting-edge technology and scientific expertise, PROVEN offers custom skincare routines that account for several individual factors – like lifestyle and genetic background – to deliver efficacious results.”

Accounting 277

Accounting Planning ATS 277

Retalon

JANUARY 6, 2021

An effective replenishment plan will drive profit. There is an age old saying, and it goes like this: “you don’t plan to fail, you fail to plan.” ” And what can be easier than planning replenishment? All you need to do is plan to replenish the products that you sell out of.

Planning 41

Planning Markdowns Accounting Shipping 41

Retail TouchPoints

JUNE 9, 2023

According to Cooler Screens’ account, all was going well in the initial years of the arrangement, which included a successful three -month pilot in 2018 at six locations, followed by plans to expand to 2,500 stores. Lipsman is a major proponent of in-store retail media and also worked briefly at Cooler Screens in 2021.

Advertising 309

Advertising Planning Accounting Customer Experience 309

Retail TouchPoints

JANUARY 10, 2022

The company said in a statement that it plans to list on the New York Stock Exchange under the symbol MRFM, the same ticker it used in its previous listing on the Nasdaq. Mattress Firm first announced in September 2021 that it had confidentially filed to go public. 28, 2021, Mattress Firm reported that net revenues rose 34.9%

Specialty Retailers 266

Specialty Retailers Accounting Location Returns 266

Retail TouchPoints

MARCH 5, 2021

Bed Bath & Beyond will launch at least eight new owned brands in fiscal 2021, with six debuting sequentially in the first six months of the fiscal year, which begins March 2021. Bed Bath & Beyond expects the sales penetration of owned brands to grow from approximately 10% to approximately 30% within the first three years.

Accounting 226

Accounting Planning Marketing Shopping 226

Retail TouchPoints

JUNE 2, 2022

Foot Locker first hinted at plans for a C-suite role focused on innovation and development strategy in November 2021 when it promoted Franklin Bracken to become the company’s first-ever COO.

Wholesale 219

Wholesale Accounting Promotions Planning 219

Retail TouchPoints

JUNE 10, 2024

Now the company plans to streamline that process with the chainwide rollout of digital shelf labels (DSLs) from Vusion Group that will allow the retailer to update shelf prices using a mobile app, thereby reducing the need to change paper tags by hand.

Shopping 289

Shopping Fulfillment Accounting Planning 289

Retail TouchPoints

NOVEMBER 11, 2022

Additionally, Amazon has shut many of its physical stores aside from grocery, including bookshops and specialty stores, even though the retailer had a growth plan to nearly double its store footprint, according to people familiar with the plans.

Specialty Store 194

Specialty Store Planning Accounting Returns 194

Retail TouchPoints

JANUARY 21, 2021

The six-day NRF 2021 Chapter One , which will wrap up on Jan. Chapter Two of the Big Show had originally been planned as an in-person event to take place in early June at New York City’s Javits Center, but the facility’s role as a COVID vaccination center made it unavailable, so it will also be a virtual event.

Beauty and Health 223

Beauty and Health Customer Experience Marketing Consumer 223

Inside Retail

AUGUST 22, 2024

Fast fashion retailer Shein found two cases of child labour at its suppliers last year, it said in its 2023 sustainability report, as it stepped up audits of manufacturers in China to assuage criticisms of its low-cost business model ahead of a planned flotation. per cent of supplier audits in 2021, 0.3 That violation was found in 1.8

Fast Fashion 130

Fast Fashion Accounting Fashion Management 130

Retail TouchPoints

FEBRUARY 8, 2022

Peloton continues to deal with challenges including two unfortunate media portrayals and mid-2021 product recalls following reports of 70 injuries and one death. This includes reducing its planned capital expenditures in 2022 by approximately $150 million. The retailer has revised its 2022 revenue projections down to a range of $3.7

Operating Expenses 261

Operating Expenses Accounting Planning ATS 261

Retail TouchPoints

JUNE 11, 2021

The retailer plans to continue operating its currently open stores and website as usual during the court-supervised process. The retailer plans to use this opportunity to “optimize its retail footprint, bolster the ecommerce platform and focus on strategic wholesale accounts.”. “We

Jewelry 146

Jewelry Wholesale Accounting Planning 146

Inside Retail

APRIL 6, 2021

Businesses continued to experience a rush of online orders during 2020 as employees worked from home [and] as this trend continues into 2021 it’s important to have a solution,” said Pitney Bowes Japan, Australia and New Zealand country manager and vice president Stephen Darracott.

Shipping 259

Shipping Accounting Planning Management 259

Retail TouchPoints

MARCH 17, 2022

Retail veterans Hull and Sachse had joined the company’s Board of Directors and stepped into the interim Co-CEO roles in March 2021 upon the departure of then-CEO Dinesh Lathi. We are confident Tailored Brands has the right plan — and the right team — in place and look forward to seeing the results they will deliver.”.

Fashion 244

Fashion Accounting Promotions Planning 244

Inside Retail

JULY 14, 2024

For example, after many retailers ran out of stock in 2020 and 2021, thanks to the circumstances caused by the pandemic, they over-corrected by placing larger-than-needed orders in 2022. “From an omnichannel standpoint, we often see retailers focused too heavily on sales and not enough on profitability.”

Shopping 130

Shopping Fulfillment Shipping Inventory Management 130

Retail TouchPoints

SEPTEMBER 17, 2022

The Consumer Financial Protection Bureau (CFPB) is planning to start regulating buy now, pay later (BNPL) products. Apparel and beauty companies accounted for 80.1% of users charged at least one late fee in 2021, up from 7.8% of individual loans in 2021 saw at least some portion of the order returned, up from 12.2%

Consumer 227

Consumer Payment Services Apparel Accounting 227

Mass Relators

JANUARY 24, 2022

The fourth quarter of 2021 contributed 9% revenue growth and 1% unit growth over the prior year, according The NPD Group. It is spending in the here and now that lifted retail sales throughout 2021, offsetting challenges related to inventories, and higher average selling prices during the holiday shopping season.”.

Returns 52

Returns Consumer Accounting Shopping 52