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The UltimateShopper Sets New Standards: AI Theft Protection and Contactless Payment Integrated into the Shopping Trolley

365 Retail

From 18 to 20 February, Geck will showcase solutions designed to help retailers stay ahead in an evolving market. This system helps prevent theft and reduces stock losses, all while maintaining full GDPR compliance. Cost Savings : Significantly lowers staffing costs and eliminates operating expenses for traditional checkout systems.

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Bad debt blowout fuels massive Afterpay loss

Inside Retail

The company’s operating expenses – in particular its bad debts – ballooned out from $72.1 Other rising expenses included a higher commitment to marketing the brand. The risk is then passed on to the BNPL company, which makes its money from a commission on transactions – and late payment fees.

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Small business finance: Five tips for managing cash flow effectively

Inside Retail

For many Aussie small and medium business owners, the ideal scenario paying suppliers as late as possible while receiving immediate payment from customers simply isnt realistic. Stay on top of invoicing Send invoices promptly and follow up on late payments diligently. Now, with the basics covered,lets look at some actionable tips: 1.

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Balancing Customer Loyalty in an Age of Growing Business Costs

Retail TouchPoints

By itself, living paycheck to paycheck with a couple of kids, a mortgage and a car payment or two is no small task. Customers expect that before a price increases, a thorough process has been undertaken to make sure the increase was needed. Tom Behnke is an advisor for Boxzooka as well as VP of Sales and Marketing.

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Why growth is slowing at e-commerce giant Shopee

Inside Retail

Shopee, the e-commerce unit of Singapore-based Sea Ltd, is the market leader in Southeast Asia by revenue. It was a masterful demonstration of rapid systems and logistics development, and a good diplomatic effort, too, in the sense of co-ordinating with governments and marketplace partners to operate efficiently during all the lockdowns.

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Have Temu and Shein Thwarted Wish’s Hopes of a Comeback?

Retail TouchPoints

A few days before reporting Q2 earnings, Wish also announced plans to cut approximately 34% of its workforce, or about 255 employees, in order to “refocus the company’s operations.” Temu also operates as a manufacturer-to-consumer marketplace and offers a wide range of merchandise, from homewares to apparel.

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Retailers’ Guide to Customer Loyalty in an Inflation-Hit Omnichannel Market

RETAIL MANAGEMENT SOFTWARE

For retailers, especially those operating in an omnichannel environment, maintaining customer loyalty in the face of rising costs is a significant challenge. From increased costs of goods to higher operational expenses, retailers are under pressure to adjust prices, which can, in turn, lead to decreased consumer spending.