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Government set to pressure big tech over online scams

Inside Retail

Australia plans to introduce a law by the end of the year forcing internet companies to proactively stop hosting scams or face hefty fines, the top consumer regulator said on Friday, potentially setting up another showdown with Big Tech. That prompted the ACCC to push for new laws making all participating industries accountable.

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Two regulators open investigations into Optus over data breach

Inside Retail

2 telecoms provider, after a breach of its systems resulted in the theft of personal data from up to 10 million accounts. The Office of the Australian Information Commissioner (OAIC) said it was investigating whether the Singapore Telecommunications Ltd-owned company took reasonable steps to protect customer data and comply with privacy laws.

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Consumer goods leaders expect metaverse to account for 5-20% of revenue by 2030, finds Kearney report

Retail Times

Leading global consultancy partnership Kearney has today released new data showing revenue predictions and sentiment from senior telecommunications and consumer goods lead around the metaverse. Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides!

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What the ‘Next Normal’ in Consumer Behavior Means for the Hourly Economy

Retail TouchPoints

Self-quarantine further added complications to the mix, as consumers and businesses alike were forced to change the way they bought and sold these items, respectively. While delivery delays were experienced at the beginning of self-quarantine, many changes in consumer behavior may prove transitory. Bureau of Labor Statistics.

Consumer 188
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Can innovation help Nike maintain its market dominance?

Inside Retail

The bad news was that company CFO Mat Friend admitted that Nike fell short of its plan, telling investors on its June 27 conference call: “We experienced meaningful shifts in consumer traffic in key markets – particularly in Greater China, where brick-and-mortar traffic declined as much as double-digits versus prior year.” per cent.

Marketing 246
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Crypto Payments Adoption in FinTech: How Do Retailers Fit in?

Retail TouchPoints

To answer customers’ demands, business leaders must find the balance between adapting services to consumers’ digitally-driven shopping behaviors and staying true to the company’s strategy. The issue with this is that both retailers and customers have to have accounts set up in the same exchange platform.

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Mirvac finds a good fit with social fashion app Mys Tyler

Inside Retail

More than 83,000 women from over 100 countries have downloaded the app, with the US, Australia, and the UK accounting for 70 per cent of users. Neill’s background is telecommunications but she said the idea for Mys Tyler had been brewing since 2014, when she was living in New York. Solving the $1 trillion ‘fit’ problem.

Fashion 246