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Shopify’s Double-Edged Sword: Tackling Accounting Complexities with Automation

Retail TouchPoints

However, this expansion brings to light a critical issue for CFOs and finance teams: the intricate and often underestimated task of recognizing and booking revenue in the ecommerce domain. For instance, consider a furniture store with a long fulfillment cycle that may not ship purchased items for months.

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David’s Bridal Expands Loyalty Program Rewards to the Full Wedding Party

Retail TouchPoints

To enter, members just need to log into their Diamond account between now and Nov. We know one-third of bridesmaids are engaged brides and almost half of brides are also bridesmaids,” said Kelly Cook, President of Brand, Technology and Finance at David’s Bridal in a statement.

Finance 290
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How Retailers can Combat Inventory Shrinkage with Drone-Powered Warehouse Monitoring

Retail TouchPoints

According to the Corporate Finance Institute , “Inventory shrinkage occurs when the number of products in stock are fewer than those recorded on the inventory list. If Stadium Goods loses the inventory, it’s accountable and has to pay the marketplaces for that product. What does this mean exactly?

Shrinkage 310
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Identifying the ‘Faces’ Behind Faceless Online Transactions

Retail TouchPoints

Because of this ease, merchants have begun relying on POS financing to drive sales growth. Without proper identification of the individuals behind transactions or new account openings, it’s difficult for retailers to tell the difference between good customers and bad actors, and therefore easier for fraudulent activity to slip through.

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Serial Returners and Refund Fraudsters: How Brands are Fighting Back With Data Insight

Retail TouchPoints

For instance, in 2019, Asos said it would begin deactivating the accounts of serial returners on its site. By examining shared IP addresses, shipping addresses and payment methods, retailers can uncover hidden associations that might indicate organized fraud rings. Large, multinational crime rings may be behind an attack.

Returns 277
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Serious Counterfeiting Requires a Serious, Intelligence-Led Response

Retail TouchPoints

Significantly, it has also been linked to the financing of terrorist activities, offering a lucrative and relatively low-risk source of funds. In 2019, GhostData found that 56,000 Instagram accounts were associated with the counterfeit of luxury brands, representing a 171% increase since 2016.

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Why On-Demand Manufacturing Will Transform Retail

Retail TouchPoints

In contrast, traditional manufacturing requires large quantities of products to be made and then stored in facilities until they are ready for shipping. As a “big picture” thinker, Rainey elevates the organization through pivotal leadership and strategic direction while aiding in the expansion of financing, hiring, and global initiatives.

Finance 230