Retail TouchPoints

SEPTEMBER 26, 2024

New account fraud is surging, and despite the conventional wisdom that this type of fraud is mostly a problem for banks, retailers are in the crosshairs too. In fact, account creation fraud rates are growing fastest in the retail sector, with 44.7% Data breaches have been a problem for many years, but 2023 was the worst yet for U.S.

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Retail TouchPoints

NOVEMBER 14, 2024

In 2024 alone, several high-profile companies, including Dell, AT&T, Ticketmaster and Disney have suffered the consequences of a major breach. In the retail and consumer sectors, the average cost of a security breach was below this average, sitting at $3.91 In light of this, it’s critical that businesses strengthen their defenses.

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Inside Retail

FEBRUARY 6, 2025

We get that running a business is a constant juggle, and managing cash flow can be tricky. Here at Tyro ,we understand the unique challenges Aussie businesses face. With a stream of steady cash flow at the top of mind for many, weve put together five handy tips to help ensure your money keeps flowing while your business keeps growing.

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Inside Retail

DECEMBER 11, 2024

Change requires empathy and understanding for individuals and teams to manage the emotional rollercoaster it can create. Five simple starts to help manage change Link purpose, vision and values. UK skincare brand Faith in Nature has set change at the heart of its organisation by literally putting nature on the board.

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Inside Retail

FEBRUARY 11, 2024

Generation Z was predominant in the retail industry last year, accounting for 50.4 per cent of the sector’s employees, a report by workforce management firm Deputy shows. Millennials accounted for 27.9 As of recent months, employment in retail is now 2 per cent higher than it was at the beginning of the year.

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Independent Retailer

NOVEMBER 15, 2024

In this article, we’ll talk about retail management, what it is and why it’s important. Let’s look at effective strategies and tools that will help improve business efficiency. What is Retail Management Retail Management is a set of activities that ensure the efficient operation of a retail business.

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Retail TouchPoints

NOVEMBER 28, 2024

Mobile-first consumers: With 91% of shoppers using a smartphone to make purchases, mobile commerce sales are expected to account for 62% of all retail sales by 2027. These payment methods simplify transactions by allowing consumers to store multiple cards or bank accounts in a single digital wallet, reducing the need for manual entry.

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Retail TouchPoints

OCTOBER 18, 2024

In fact, 89% of consumers have complaints about keeping track of their passwords and 54% have stopped using an account or online service because they became frustrated when trying to log in. In fact, account fraud is only getting more brazen; attempted fraud transactions increased 92% and attempted fraud amounts jumped 146% year-over-year.

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Accounting Consumer Payment Services Planning 305

Retail Gazette

MARCH 4, 2025

Asda managers only found out about the supermarkets decision to scrap their annual bonuses when the news broke in the media, sources have told Retail Gazette. The supermarket giant has reportedly scrapped its bonus scheme for more than 10,000 managers due to underperformance, with the news first emerging in The Telegraph earlier this week.

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Retail TouchPoints

JANUARY 24, 2025

The Modernization of Cosmetics Regulation Act (MoCRA) introduces significant regulatory changes for the cosmetics industry, aimed at enhancing consumer safety and product transparency. Adverse Event Reporting and Record-Keeping MoCRAs stringent adverse event reporting requirements place a new level of accountability on cosmetic brand owners.

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Inside Retail

OCTOBER 22, 2024

Jeanette Fenske, director of stores at Woolworths Supermarket, was this year’s distinguished recipient of the Women Leaders in Retail scholarship, supported by the Australian Retailers Association (ARA) and Chief Executive Women. IR : Being a manager and a leader are two entirely different roles.

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Inside Retail

NOVEMBER 25, 2024

Chatime Australia and its executive is facing penalties due to the underpayment of employees at 19 stores across Sydney and Melbourne. ” Manousaridis also emphasised the need to penalise Zhao to hold him accountable and deter other company managers from committing the misconduct. per hour.

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Retail TouchPoints

OCTOBER 11, 2023

In fact, data from Legion Technologies finds that 37% of managers say they’re hiring more minors due to the shortage. Automating compliance management across the organization also fortifies security, makes compliance processes more efficient and even helps companies optimize labor costs by eliminating redundancies.

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Retail TouchPoints

MARCH 24, 2023

As a result, customer flow management is more important than ever as leaders seek to empower the customer, improve the employee experience and collect actionable data to potentially scale their business. Employees facing an unorganized crowd of customers who all need assistance at the same time can feel overwhelmed and burned out.

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Retail TouchPoints

JUNE 2, 2023

Smart retailers are realizing that their increasingly complex omnichannel offerings have made strong supply chain management more important than ever. Industry experts gathered at Manhattan Momentum 2023 in Phoenix to discuss their approaches to these various challenges.

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Retail TouchPoints

MARCH 26, 2025

After several months spent deciding the fate of its struggling Family Dollar division, parent company Dollar Tree has sold the banner to Brigade Capital Management and Macellum Capital Management for $1.007 billion. Comparable sales at the 8,400 Dollar Tree stores increased 1.8% , driven by a 1.6% billion to $17.6

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Inside Retail

MARCH 2, 2025

McDonalds Australia CEO and managing director Antoni Martinez is leaving the Golden Arches after nearly 20 years with the fast food giant and almost than three years in the leadership role. An accounting and marketing graduate, Chiczewski also has a Masters of Business degree.

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Retail TouchPoints

OCTOBER 17, 2024

Through the Foot Locker Storefronts platform, Foot Locker can find best-fit creators, manage their engagements and reward influencers at scale with a commission on sales. Foot Locker plans to host other community-focused events at its Chicago stores throughout the season; In-Store Activations: On Nov. ”

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Retail TouchPoints

OCTOBER 11, 2024

Additionally, this reduces cloud costs and improves ad traction and purchases, while also taking privacy factors into account. They need the ability to install and have optimally running tech solutions that require minimal maintenance, which deploying at the edge can support. Likewise, very few in these centers are technology experts.

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Retail TouchPoints

FEBRUARY 17, 2025

By eliminating the need to constantly look at a screen or handle paper lists, workers can move seamlessly between tasks, leading to shorter order processing times. accuracy picking, and can pick 99 ecommerce orders at once utilizing its voice-directed optimization solution.

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Retail TouchPoints

DECEMBER 18, 2024

trillion in 2023, accounting for 22% of total retail sales , with projections suggesting an increase to $1.9 At the simplest level, the fee amount varies between the two states. As VP, Regulatory Analysis and Design at Sovos , Charles Maniace lives and breathes tax. ecommerce sales reached an impressive $1.1 trillion by 2029.

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Accounting Point of Sale Consumer Planning 278

Retail TouchPoints

FEBRUARY 26, 2025

Because a problem in one area of your business can cause security or fraud issues in another, it can be helpful to take an end-to-end look at your security and fraud prevention practices to identify gaps and make improvements. Audit the data you share with suppliers to ensure youre not putting sensitive customer data at risk.

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Retail TouchPoints

JANUARY 23, 2025

Geekplus robots are now in use at all three of Happy Returns’ Hubs. has nearly doubled over the last six years, now accounting for roughly 17% of all merchandise sold, according to Timothy Fehr, COO of Happy Returns, citing research conducted in partnership with the National Retail Federation. military spending last year.

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Inside Retail

JANUARY 22, 2025

Inside Retail spoke to industry experts Brian Walker, founder and executive chair of Retail Doctor Group, Mal Chia, managing director and co-founder of Ecom Nation, and Dr Jessica Pallant, marketing lecturer at RMIT University, for their take on the situation. Catch started by offering once-a-day deals in limited quantities.

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Retail Focus

NOVEMBER 27, 2024

Demand rising for sustainable solutions First up, Richard Allen is sales director at Karndean Designflooring, a brand of luxury vinyl flooring that replicates the look and feel of natural materials, with some clients in the retail sector. The retailer recently opted for Karndean LooseLay flooring in its head office and Carnaby Street store.

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Retail TouchPoints

OCTOBER 3, 2024

Expectant families can build, manage and share their wish lists with loved ones via Kohls.com or the Kohl’s App. In-store shoppers can purchase items and check the items off the Baby Registry when they present a unique QR code at checkout.

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Retail TouchPoints

FEBRUARY 10, 2025

Many of us have shared the following experience: Youre going about your day when you receive a text saying your package from Amazon couldnt be delivered and you need to log into your account to resolve the issue. Rishi Bhargava is Co-founder at Descope , a developer-first authentication and user management platform.

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Inside Retail

NOVEMBER 18, 2024

For Jim Ritchie, founder and strategy partner at branding agency US+US, the price drop class action and ACCC legal action against the Australian supermarket points to something much larger. “As The unspoken pact is clear: Give consumers what they want at a fair price, and we’ll tolerate the massive profits you rake in.”

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Retail TouchPoints

DECEMBER 5, 2024

Prepping click-and-collect orders, picking and packing ship-from-store orders, managing store-to-store transfers, etc. — Your POS system needs to account for that. Customer and product information at their fingertips What are some of the functionalities and data that your POS system needs to serve up? Did you just groan aloud?

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Payment Services Loss Prevention Fulfillment Shipping 275

Retail TouchPoints

FEBRUARY 24, 2025

However, the team was struggling to design, iterate and improve the website at a much faster speed. We also wanted our overall architecture and web systems to load and process at a much faster rate, but at the same time, our development team was slowly becoming obsessed with Next.js a moment he still recalls.

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Retail TouchPoints

MARCH 14, 2025

AI and the Purchase Cycle Although brick-and-mortar, in-store visits account for 80% of all shopping, the online marketplace is increasingly becoming the new norm, reinforcing the importance of online search strategies to meet and engage consumers. Previously, she held leadership roles at Yext, Adobe, and Sprinklr.

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Retail TouchPoints

JANUARY 8, 2025

We need to account for customers with unique needs and establish stronger trust between robots and people to ensure these robotic helpers integrate seamlessly into retail environments. Compact robots that navigate narrow aisles or humanoid designs that put customers at ease are examples of ergonomic considerations.

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Shopping Store Layout Inventory Management Customer Experience 179

Retail TouchPoints

NOVEMBER 13, 2024

Importance of Effective Communication in Retail Security With the increased prevalence of retail crime, the ability to communicate in tandem among security personnel, management and law enforcement is essential. Without proper comms for security in place, it puts both your workers and business at risk.

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Retail TouchPoints

JANUARY 13, 2025

With the holiday season just concluded, the challenge of managing merchandise returns is a reality for many retailers. According to the latest data from the National Retail Federation (NRF), merchandise returns are projected to reach an astounding $890 billion in 2024, accounting for approximately 16.9%

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Inside Retail

DECEMBER 5, 2024

Launched in 2014 by former digital strategist and account planner Ariel Kaye, Parachute is a minimalist brand designed with the millennial consumer in mind. With the increasing financial power of this generation of shoppers, opportunities for newer, trendier brands to tap into this space have exponentially opened up over the past decade.

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Marketing Apparel Consumer Accounting 244

Inside Retail

NOVEMBER 21, 2024

I don’t think it matters that you’re small, it’s what you’re doing,” Tonia Bastyan, design and marketing manager at BlockTexx, told Inside Retail. BlockTexx is already processing 300 of Elk’s end-of-life garments by shredding the fabric and converting it into two industry-ready products, CellTexx or Polytexx.

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Retail TouchPoints

DECEMBER 17, 2024

And the company has launched a new program aimed at getting more merchants integrated into its shopping platform for free so they can be there when customers search, much like Google has done. In the near future, you might assign an AI assistant like Siri to manage your grocery shopping.

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