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FARFETCH Joins Gucci and Other Luxury Brands in Accepting Crypto Payments

Retail TouchPoints

Luxury platform FARFETCH will accept cryptocurrency payments for all purchases on the FARFETCH Marketplace, with plans to expand to FARFETCH Private Clients in the coming months and to all customers in the U.S., FARFETCH customers can scan a QR code to access their cryptocurrency wallets and use more than 60 popular forms of crypto payments.

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Smart shopping carts, low-code and robots: Welcome to retail tech in 2023

Inside Retail

With new applications on the horizon, AI is set to play an ever growing role in improving not only customer experience, but also store efficiency and operations. Whether it’s a small boutique or a major department store chain, all businesses can harness the potential of this powerful technology. Payment systems evolution.

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Should Data be a Luxury for the Fashion Industry?

Retail TouchPoints

They’re changing the concept of engagement with luxury brands, expecting them to set up co-creation environments, seamlessly interact with digital content and operate at their highest standard, all while remaining authentic and becoming more sustainable. “To Set up store processes at the service of the customer.

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Power imbalance: data reveals “woeful” payment times by large retailers

Inside Retail

According to data analysed by ASBFEO of 7,000 big businesses collected by the federal government’s Payment Times Reporting Regulator , only 24 per cent of big businesses in the retail sector are paying its small business customers within 30 days. This was introduced as a mechanism to increase transparency, and improve payment performance.

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What You Need to Know about Bringing the Casino to the High Street

Retail Focus

From boutique gaming lounges to modern betting shops, casino gambling is becoming more accessible in everyday retail spaces. They typically feature the likes of self-service kiosks and touchscreen betting terminals for greater accessibility. The previous section already touched on digital betting terminals and self-service kiosks.

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5 Emerging Conversion Best Practices for Ecommerce Websites

Retail TouchPoints

That said, don’t rely on an AI chatbot to completely replace your customer service team. We recommend building a chatbot that can handle less demanding questions from customers — and that knows when to pass along a customer to a real, human customer service agent. Remember that conversion rate optimization is also an ongoing process.

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How Hydra Health is Transforming the Hospital Gift Shop

Retail TouchPoints

Stores are curated and merchandised to reflect a high-end boutique or spa. However, interviewing patients and visitors is difficult due to HIPAA rules, so the team extensively engages with guest services and patient advocates within the hospitals and medical campuses.