Retail TouchPoints

MARCH 3, 2022

Target has big plans for 2022, with the retailer announcing plans to invest up to $5 billion this year to open new stores, enhance its digital, fulfillment and supply chain capabilities, and expand its shop-in-shop concept with Ulta Beauty. and New York’s Times Square.

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Retail Focus

DECEMBER 5, 2022

With 2022 as the first year of MAPIC’s fully-fledged return post-pandemic, the atmosphere has been optimistic and energetic, with people looking forward to the experience of in-person retail and interactions. Each year, MAPIC hosts some of the retail real estate industry’s largest leasing announcements—and 2022 was no different.

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Finance Outdoor Consumer Accounting 182

Retail TouchPoints

OCTOBER 11, 2022

31, 2022, a 2.5% increase last year, much of which was due to more shoppers returning to stores. In 2022, the impact of economic uncertainty, particularly in rising prices of non-discretionary expenditures like gas, food and housing, will rein in consumer spending. from 2021 and accounting for 16.3% Adobe expects U.S.

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Apparel Returns Promotions Accounting 251

Small Biz Trends

NOVEMBER 29, 2022

The year is almost over, but there’s still time to take actions that can reduce your 2022 tax bill. Last-Minute Tax Actions for 2022. If you buy and place in service qualified equipment by December 31, 2022, you can deduct 100% of the cost; no depreciation over a number of years is required. Buy a new vehicle. Conclusion.

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Payment Services Planning Accounting Returns 137

Retail TouchPoints

APRIL 11, 2022

Lowe’s has promoted Brandon Sink to EVP and CFO, effective April 30, 2022. Sink has more than 20 years of finance and accounting experience, including 12 years at Lowe’s in roles across finance, strategy and accounting. Sink will work closely with Denton during the transition phase.

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Finance Promotions Accounting Returns 238

Retail TouchPoints

MAY 3, 2022

However, these programs also offer an important negotiation lever; if the program could be a potential fit for the brand’s goals, trading off program participation in return for retaining or improved terms can be a win-win.

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Accounting Shipping Management Fulfillment 216

Retail TouchPoints

JANUARY 10, 2022

1, 2022, a significant improvement over the 33.1% 22, a 10% increase over last year, and retailers need to prepare themselves for the share of shoppers who prefer to make their returns at a brick-and-mortar store. The rise in traffic compared to 2020 showed that shoppers are starting to return to stores. Overall sales were up 8.5%

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Retail TouchPoints

JANUARY 12, 2023

In January 2022, the mattress chain announced its plans to list on the New York Stock Exchange via an IPO that would have returned the furniture retailer to the public markets six years after South Africa’s Steinhoff International took the company private.

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Marketing Accounting Planning Returns 269

Retail TouchPoints

NOVEMBER 3, 2023

spending forecast to climb 3%-4% over 2022, generating between $957.3 It is not surprising to see holiday sales growth returning to pre-pandemic levels,” said Matthew Shay, President and CEO of the NRF in a statement. billion spent in the 2022 holiday season. consumers spent online during holiday 2022. billion to $966.6

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Retail TouchPoints

MARCH 26, 2021

The move, which will include products sold both in-store and online, is part of an effort to rebuild JCPenney in 2021 as the basis for returning to solid growth in 2022. Shashoua also expects ecommerce, which now accounts for 20% of sales, to play a larger role moving forward.

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Apparel Accounting Returns Planning 282

Retail TouchPoints

NOVEMBER 9, 2021

Additionally, Liquidity Services , which operates a B2B ecommerce marketplace for surplus business and government goods, has launched a new consumer-facing omnichannel marketplace called AllSurplus Deals for returned and overstock goods. “With resale, consumers are not forced to rely on retailers to find what they need.”

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Returns Sporting Goods Accessories Consumer 272

Inside Retail

SEPTEMBER 13, 2023

Franchisees achieved a median return on investment of 47 per cent. The GYG app and website accounted for 17 per cent of Australian network sales in June 2023. The GYG app and website accounted for 17 per cent of Australian network sales in June 2023. The figure is a 12 per cent rise on the contribution in June 2022.

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Inside Retail

JULY 25, 2023

“With vacancy rates stabilising across the country, coupled with international tourists returning, we see a positive outlook for retail across all markets and are expecting more improvement in rents for the remainder of 2023 and into 2024.” The post Super prime CBD retail rents are on the rise again appeared first on Inside Retail.

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Inside Retail

JULY 27, 2023

Co-founder Martin Hosking returned to the business in March to lead it back to growth. Since his return, Hosking’s short-term goal has been to reduce its cost base and become profitable “as soon as possible.” Standard accounts are subject to a monthly account fee, while Premium and Pro accounts are not.

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Inside Retail

AUGUST 9, 2023

Returns present a complex challenge for retailers of all sizes, not only contributing to their carbon footprint, but also eroding their profit due to the cost of managing and paying for reverse logistics and, in some cases, leading to fraud. Meanwhile, the use of returns by customers continues to grow in popularity.

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Retail TouchPoints

APRIL 22, 2022

In 2022, it is no longer an option whether businesses can choose to protect against fraud, but a responsibility. The right anti-fraud software can detect attempts by single sellers to create many accounts, blocking this behavior. Return Fraud. In addition, retailers need to make their return policies clear and direct.

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Merchant Services Returns Fulfillment Promotions 245

Retail TouchPoints

FEBRUARY 21, 2024

This means that it’s not enough for products to be delivered quickly – customers also want to know that if those items aren’t quite what they expected, they can be returned just as quickly and easily. According to Insider , total retail returns were projected to grow 2.2% billion in 2023 — accounting for 8.5%

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Inside Retail

MARCH 13, 2023

The property firm attributed gains in central business district sales in the second half of calendar 2022 and prospectively the store expansion plans to healthy levels of discretionary spending. The lift in sales followed a disappointing 4 per cent in December 2022 underpinning a 1.6 per cent month-on-month to $35.09 per cent to 13.9

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Returns Location Planning Accounting 244

Inside Retail

FEBRUARY 20, 2023

Despite the mounting headwinds, Australia’s economy was a strong outperformer in 2022. per cent between December 2021 and November 2022. million passengers flying domestically in the three months to September 2022. Sydney has led the country’s decline, with a 13 per cent correction in prices seen in 2022.

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Retail TouchPoints

APRIL 5, 2022

Fast forward to 2022 and Schulman’s words show foresight into technologies that most consumers weren’t even aware of a mere eight years ago — cryptocurrency , digital wallets and peer-to-peer (P2P) digital payment services have transformed the way everyone from friends sharing a dinner to multi-national corporations move funds.

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Retail TouchPoints

OCTOBER 6, 2023

To succeed in the holiday peak season and ensure seamless fulfillment, deliveries, and returns, it’s essential for these partners to monitor key metrics, analyze operational data and maintain communication. 4: Return rates. Returns are an inevitable part of retail. Consider the following six metrics as North Star indicators.

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Inside Retail

JUNE 13, 2023

” Sales by phone or video of products and services through Ingka’s remote interior design channel accounted for $1.40 billion of revenue in Ingka’s 2022 financial year – 3.3 billion, or 25 per cent of total sales in Ingka’s financial year ending August 31, 2022. per cent of the total.

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Retail TouchPoints

MARCH 29, 2023

With digital now accounting for 30% of Kohl’s sales annually, CEO Tom Kingsbury specifically pointed to the marketplace and the connected Kohl’s Media Network as “ two key digital growth initiatives ” for the beleaguered retailer on the company’s Q4 2022 earnings call.

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Retail TouchPoints

SEPTEMBER 22, 2022

Ancora cited Kohl’s repeated rejection of acquisition offers, including from Sycamore Partners and Acacia Research in February 2022 and Franchise Group in July 2022, as part of the need for new management. during the quarter that ended July 30, 2022 while comparable sales dropped 7.7%. “We The firm, which holds a 2.5%

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Operating Expenses Fulfillment Management Accounting 234

Small Biz Trends

DECEMBER 14, 2022

This guide offers everything you need to know about taking advantage of the best small business tax deductions during the 2022 tax year. Types of Tax Deductions for the 2022 Tax Year. Small business owners and independent contractors can claim a number of tax deductions when filing their taxes for the 2022 tax year.

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Payment Services Accounting Advertising Returns 130

Inside Retail

JUNE 27, 2022

While there are some signs of inflation beginning to correct itself, it could be some time yet before general consumer costs return to normal. The post Looking ahead: 2022 holiday logistics predictions appeared first on Inside Retail. A continued uptick in e-commerce and omnichannel strategies.

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Shipping Consumer Shopping Accounting 130

Retail TouchPoints

MAY 19, 2022

Patrik Frisk will step down as President, CEO and member of the Board of Directors of Under Armour , effective June 1, 2022. 1, 2022 to help with the leadership transition. While the search for a new President and CEO is underway, the company’s COO Colin Browne will step into the roles on an interim basis. ”

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Retail TouchPoints

NOVEMBER 7, 2023

Common examples of ORC include when merchandise is stolen and returned for profit or sold through online auctions or in-person sales. Typically, ORC is reliant on a single entity, like an address, credit card or store account that connects a complex crime ring across retail stores. increase in ORC incidents between 2021 and 2022.

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Inside Retail

APRIL 15, 2021

The International Monetary Fund has predicted Britain’s growth will be one of the fastest-growing in 2022, outstripping the US and Europe. The post Analysis: Has Brexit helped the UK return to recovery? Because of this, the UK economy is anticipated to recover quicker than any of us had expected.

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Returns Accounting Fashion Shopping 130

A1 Retail

NOVEMBER 7, 2024

Millennials and Gen Z shoppers are expected to be the highest returning demographics when it comes to sending back fashion purchases bought on Black Friday this year, according to the latest research by True Fit , the AI-driven platform that decodes size and fit for shoppers and fashion retailers. Image courtesy of Pexels.

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Returns Fashion Accounting Consumer 89

Independent Retailer

JANUARY 27, 2022

Atlanta Market was the epicenter of the nation’s gift and home décor buying with brands and sales agencies reporting record sales at the close of the winter 2022 edition, January 11-18, at AmericasMart Atlanta. Key Accounts and Buying Groups Multiply Sales . Exhibitors took to social media to share their enthusiasm for the market.

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Marketing ATS Beauty and Health Accounting 98

Retail TouchPoints

FEBRUARY 16, 2022

However, there are three areas retailers can focus on to get a strong bang for their buck: Signing in or making an account: Shoppers should have an accessible way to find and fill out registration forms, and it should be easy for returning customers to sign in no matter how they do so. Registration is now open!

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Retail Gazette

MAY 20, 2024

The group posted a $1.4bn (£1.1bn) pre-tax profit for the year, up from a loss of $258m (£203m) in 2022. But, with the Asda deal removed from the figures, the firm made a pre-tax loss of £98.3m.

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Retail TouchPoints

OCTOBER 23, 2020

plans to shrink its store footprint by 350 locations as the retailer works to return to profitable growth in 2021, according to CNBC. Gap plans to complete 75% of its initial store closures by January 2022. Additionally, the retailer plans to close up to 30%. Ecommerce was a bright spot overall for Gap: sales were up 95%.

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Returns Apparel Planning Accounting 172

Independent Retailer

NOVEMBER 2, 2021

Independent Retailer has rounded up some of the most important emerging trends in retail to watch out for in 2022 from top retail experts in the industry. Supply chain issues will continue into 2022, but low inventory does not necessarily mean lost opportunities for retailers,” Sarah Cascone, VP of Marketing at Bluecore , said. “In

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Retail TouchPoints

AUGUST 15, 2022

Following several years of pandemic-driven declines, shoppers are eagerly returning to stores, and that enthusiasm is being echoed in a new upswing in store openings and lease signings. And yet, a recent study from LeaseQuery , which compares the number and value of retail leases from 2019 to 2022, tells a slightly different story.

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Retail TouchPoints

NOVEMBER 3, 2022

But with every upside is a downside: as more people crowd store aisles, smaller retail staffs move a greater number of items, and retailer-owned or -leased trucks, vans and cars return to congested roads and highways, the potential for increased and costly accidents and injuries arises.

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