Retail TouchPoints

OCTOBER 6, 2022

The Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment, providing a wealth of insights to help merchants refine and optimize their holiday strategies. The return to offices and social events is inspiring consumers to level up their wardrobes and focus more on apparel and footwear.

Merchant Services 287

Merchant Services Payment Services Promotions Location 287

Retail TouchPoints

SEPTEMBER 10, 2024

Which brings in another challenge of the ecommerce world, returns. In March 2024, the International Council of Shopping Centers reported that consumers returned 22% of products they bought online from apparel retailers. Not only do you return the item, but you vow not to shop at that merchant again.

Merchant Services 278

Merchant Services Returns Fashion Consumer 278

Retail TouchPoints

AUGUST 7, 2023

That, of course, is the key to Wish’s business model — by connecting international consumers directly with manufacturers (most of them Chinese, although diversifying the company’s merchant base is one of the company’s key turnaround pillars), customers can get products for dirt cheap. Doubling down on merchants outside of China.

Merchant Services 245

Merchant Services Drop-Shipping Shipping Payment Services 245

Retail TouchPoints

OCTOBER 21, 2021

We’re indifferent on where the shopping journey ends, where that transaction takes place ,” said Matt Madrigal, VP and General Manager of Merchant Shopping at Google in an interview with Retail TouchPoints. “It The result is a much lower barrier of entry for merchants looking to capitalize on Google’s massive reach.

Merchant Services 299

Merchant Services Advertising Shopping Drop-Shipping 299

Retail TouchPoints

FEBRUARY 4, 2021

Brands that were advanced in their digital journey and were globally diversified have seen incredible returns and record-breaking online revenues. And consumers should also be able to return an item seamlessly when needed, while receiving a full, fast refund.”. Flexible payment options are gaining in popularity.

Merchant Services 305

Merchant Services Beauty and Health Consumer Returns 305

Retail TouchPoints

NOVEMBER 12, 2021

It took Shopify merchants nearly 15 years to reach a cumulative GMV of $200 billion. I think a world without independent brands and independent merchants and local stores is a very boring world and a very boring landscape for commerce. It took just 16 months for them to double that figure. What stood out to you in the findings?

Merchant Services 264

Merchant Services Shipping Fulfillment Social Commerce 264

Retail TouchPoints

JANUARY 26, 2021

Meanwhile, for merchants that had already built their businesses online before the pandemic, a larger addressable market buoyed most, but created scalability challenges for all (including Amazon). Shoppers are more willing to accept a longer wait for apparel, footwear, fitness and work supplies, with ‘fast’ delivery averaging 2.5

Consumer 312

Consumer Drop-Shipping Shipping Returns 312

Retail Focus

MAY 8, 2024

Having formerly only served the largest apparel retailers and brands in the world, True Fit has democratised its Fashion Genome to bring the benefit of AI size and fit to the full market. It is now seeing a 108% MoM growth rate in adoption by Shopify brands and is on trajectory to implement the solution within 2,000+ merchants in 2024.

Fashion 147

Fashion Merchant Services Apparel Returns 147

Retail TouchPoints

OCTOBER 15, 2021

this year alone, representing approximately 21% of the total women’s apparel market. The business case is clear, but the looming question for apparel brands and retailers is: How do we make inclusivity a tangible — and profitable — business strategy? If you look at this process, there’s a lack of relatability,” Orschell noted.

Consumer 290

Consumer Merchant Services Markdowns Fulfillment 290

Retail TouchPoints

FEBRUARY 9, 2023

These models can be optimized for multiple objectives like driving more revenue per order, increasing long-term satisfaction, compelling the user to return more often to the website, incentivizing the customer to sign up for subscriptions or premium services and more. Chatbots for customer service. Fraud detection.

Merchant Services 264

Merchant Services Accounting Shipping Shopping 264

Retail TouchPoints

MAY 16, 2023

If well built, they provide advertisers with a channel to engage with consumers for both near-term return on ad spend (a.k.a. This is not limited to the traditional retail verticals (apparel, mass market, beauty, furniture, consumer electronics, home improvement, etc.), but all commerce marketplaces. Many of them do not.

Advertising 305

Advertising Merchant Services Apparel Marketing 305

Retail Focus

JUNE 6, 2024

Fit Hub utilises Gen AI to synthesise all available fit and size information from retailers’ Product Description Pages (PDPs), from personal sizing recommendations, product reviews and User Generated Content (UGC), sales & returns, size charts and product information.

Merchant Services 147

Merchant Services Fashion Returns Apparel 147

Retail TouchPoints

NOVEMBER 18, 2021

According to a report from Shopify, merchants see a 250% increase in conversions when using 3D product image models instead of 2D images. The company completely overhauled its mobile app to offer better services, such as an active events calendar, retailer information and a real-time map with parking guidance. Want more proof?

Consumer 264

Consumer Merchant Services Payment Services Advertising 264

Retail TouchPoints

MARCH 29, 2022

Sessions illustrate the increasingly complex nature of the customer experience, and how the lines between commerce, marketing, service, and even supply chain and fulfillment, continue to blur. It’s no wonder marketers and merchants are overwhelmed trying to capture consumers’ attention and convert them.

Payment Services 245

Payment Services Merchant Services Consumer Customer Experience 245

Inside Retail

JANUARY 30, 2024

The services provided under this collaboration will encompass local pick-up, warehousing, international transportation, access to Chinese bonded warehouses, customs clearance, and comprehensive delivery services across China. Focusing on beauty and apparel Initially, the partnership will focus on the beauty and apparel segments.

Merchant Services 130

Merchant Services Inventory Turnover Inventory Management Supply Chain Management 130

Retail TouchPoints

JULY 21, 2020

Hence a sports apparel store might notice fewer transactional searches such as “women’s running leggings” and more purely informational searches such as “fitness benefits of running.” Much of what we do, including how we work, play and buy goods and services, has shifted massively during the pandemic.

Merchant Services 222

Merchant Services Sporting Goods Accounting Shopping 222

Retail TouchPoints

JULY 2, 2021

While discussions on diversity, inclusion and social responsibility have come to the forefront in retail over the last year, the billion-dollar market for adaptive and inclusive apparel remains largely untapped — but that’s changing. “In We’ll talk to our onboard personal assistant, he will know what we prefer and will help us solve problems.

Merchant Services 198

Merchant Services Customer Experience Marketing Consumer 198

VMS

AUGUST 11, 2021

grew for the 11 th consecutive month in July, according to Mastercard SpendingPulse , which measures in-store and online retail sales across all forms of payment. Return of the In-Store Shopper: Brick-and-mortar browsing is making its return, with in-stores sales making up 81.9% July numbers reflect a return to the store.

Jewelry 72

Jewelry Merchant Services Payment Services Department Stores 72

Independent Retailer

OCTOBER 14, 2021

Returns have always been a sore spot for retailers, especially right after the holiday season. Many customers consciously decide where to shop based on a retailer’s refund/return policies. As a result, it is a delicate balance to have a customer-friendly policy while also protecting from abuse and fraud. How Can Retailers Combat Fraud?

Merchant Services 80

Merchant Services Returns Shipping Apparel 80

Retail Minded

FEBRUARY 1, 2024

Kicking off the week, I was grateful to return as a judge to the Vendor In Partnership Awards at the iconic Gotham Hall in Midtown. And not from off the floor, which is where I often see apparel these days. “I think one of the biggest issues in 2024 will be returns. And this past trip to NRF in NYC was no exception.

Point of Sale 119

Point of Sale Merchant Services Returns Consumer 119

Retail TouchPoints

JANUARY 30, 2023

The company was acquired by Adjmi Apparel Group in 2019, and Mangione has been there since the beginning (he even served as a product model in the early days). Additionally, this approach opens up the Alexa ecosystem to all merchants, even those that don’t sell on Amazon. This is Drew Brees,’” explained Mangione.

Merchant Services 162

Merchant Services Beauty and Health Payment Services Returns 162

365 Retail

MAY 8, 2024

Having formerly only served the largest apparel retailers and brands in the world, True Fit has democratised its Fashion Genome to bring the benefit of AI size and fit to the full market. It is now seeing a 108% MoM growth rate in adoption by Shopify brands and is on trajectory to implement the solution within 2,000+ merchants in 2024.

Fashion 64

Fashion Merchant Services Apparel Returns 64

365 Retail

APRIL 28, 2021

Fashion brands are pivoting to offer new, value-add delivery services and improved post-purchase experiences to enhance sales, encourage customer loyalty and protect margins, the latest data from parcelLab , the leading operations experience platform, reveals.

Merchant Services 52

Merchant Services Payment Services Fashion Checkout 52

Mass Relators

MAY 6, 2021

retail sales had another month of double-digit growth in April, according to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment. Mastercard SpendingPulse reports on national retail sales across all payment types in select markets around the world. . — Total U.S. compared to April 2019.

Merchant Services 59

Merchant Services Payment Services Department Stores Jewelry 59

Mass Relators

MARCH 9, 2022

The elevated level of inflation is reflected in the February retail sales increases; other key trends include: Return to office attire: Apparel (+37.6% pre-pandemic) growth rates remained elevated for the month as consumers prepare to return to physical offices, updating their wardrobes after nearly two years of working remotely.

Merchant Services 52

Merchant Services Payment Services Department Stores Jewelry 52

Retalon

DECEMBER 8, 2021

Why should retailers care about their Order Fulfillment Process? Order fulfillment may seem like a fairly straightforward process and according to the generic “high-level” definition, it is. In fact, the best order fulfillment processes become sources of revenue, profit, and even customer loyalty.

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

Retail Times

MARCH 30, 2021

Many causes of stockouts can be prevented by taking steps to better understand your business and products, and by refining your store’s processes. Such discrepancies can lead to merchants mistakenly thinking that they have an item in stock when they don’t, so they end up re-ordering the wrong products or quantities. Learn More.

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98

M19 Retail

DECEMBER 9, 2022

Valuable data such as return on investment, innovation, reliability, support, and customer satisfaction are collected and analyzed. Mi9 Retail featured in a total of 9 of the Top-10 lists, including Top Vendors for Tier One Retailers, Leaders in Quality of Service by Tier One & Mid-Size Retailers, as well as Leaders in Quality Support.

Merchant Services 40

Merchant Services Department Stores Point of Sale Apparel 40

Retail Geek

JANUARY 22, 2021

The year of returns – “happy returns” – a startup raises $100M+ in space. for year of returns). Installment Payments heat up – At least one company is acquired (Affirm, Afterpay, Klarna, QuadPay, Sizzle) Yes (IPO’s). Jason : Made to Order apparel business > 9 figures. Merge with Alibaba?

Drop-Shipping 73

Drop-Shipping Payment Services Merchant Services Returns 73

Mass Relators

OCTOBER 10, 2022

Mastercard SpendingPulse predicts strong growth in apparel sales as people return to pandemic social and work routines, and foresees relatively strong sales of luxury goods. But the firm anticipates increased spending on consumer services, such as restaurants, as the effects of the pandemic recede.

Merchant Services 52

Merchant Services Planning Promotions Consumer 52

Retail Geek

MAY 28, 2021

The more reasons Amazon has for people that join Prime the more money they make on this whole ecosystem of services around Prime and it’s. Approved and and this one will have to go through that process as well a minor fun fact there. Um even the process of Defending themselves or settling this suit they.

Merchant Services 92

Merchant Services Apparel Shipping Marketing 92

Mass Relators

JULY 15, 2024

However, wanting to please their kids, retailers will likely have opportunities to harness the indulgences parents are willing to make,” said Stephen Rogers, managing director, Deloitte Insights Consumer Industry Center, Deloitte Services. Technology and apparel lead the charge among pre-owned products (both at 28%).

Planning 52

Planning Merchant Services Social Commerce Accounting 52

Retail Geek

JANUARY 28, 2021

3:16] Salesforce Effectiveness pricing products for fitting customer service. 4:15] Process and fifty percent of all of their comments positive or negative related to the supply chain that show up on time was it broken even more soberly pair because heavy bulky things people are entering your house.

Merchant Services 81

Merchant Services Payment Services Beauty and Health Fulfillment 81

Retail Geek

FEBRUARY 28, 2023

Extraordinarily inexpensive apparel and you know inexpensive tchotchkes that you probably didn’t know you need but like if you start browsing the side it for a.m. Scot: [6:16] Should be over should be like part of the onboarding. Producers in China and it does have very much of a wish Vibe like it’s a lot of.

Apparel 52

Apparel Drop-Shipping Social Commerce Shipping 52

Retail Geek

APRIL 7, 2023

So that was interesting and then the to me the most geeky coolest thing of all although controversial is during the pandemic, the Brazilian government launched a government-sponsored instant payment system so I got. The thing that has grown a ton is you know shoptalk offers this Meetup service.

Merchant Services 52

Merchant Services Payment Services Social Commerce Advertising 52

Retail Geek

APRIL 8, 2022

Jason: [6:17] There was some version of that there was you know Uber instacart and doordash all talking about instant delivery well a lot of the, the tenuous VC funded ones were, we’re announcing their their shutdowns and for sure they’re there was I mentioned 650 exhibitors I think about 620 of them were payment providers.

Payment Services 59

Payment Services Merchant Services Consumer Fulfillment 59

Retail Geek

AUGUST 1, 2022

Very profitable, doing really well you’ve got a smaller ad business super profitable doing really well growing rapidly AWS the cloud component now merchant services which is essentially the monetization of the, Center asset you had to build for the first piece. Scot: [36:22] Yeah yes Father they’re not doing well.

Merchant Services 52

Merchant Services Consumer ATS Apparel 52