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Smash-and-Grab Is Only One Part of a Retailer’s Loss Prevention Story

Retail TouchPoints

We’ve also witnessed an increase in retail earnings reports that cite shrink and organized retail crime (ORC) as the cause for reduced profitability compared to previous quarters. reported ecommerce fraud and loss as a growing concern, while 48.5% Just last year, in the National Retail Security Survey, retailers reported $112.1

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Best Buy CEO Promises Enhanced Personalization, Physical Store Upgrades in FY2025

Retail TouchPoints

Best Buy closed 24 stores in FY 2024 and plans to close 10 to 15 in FY 2025. First, we will open small locations in a couple of markets where we have no prior physical presence and our omnichannel sales penetration is low, to measure our ability to capture untapped share ,” said Barry. For Q4 2024, Best Buy’s comp sales fell 4.8%

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Sitoo recognised in 2024 Gartner Market Guide for Unified Commerce Platforms Anchored by POS for Tier 2 Retailers

365 Retail

Sitoo , a leading could-native Point of Sale (POS) and Unified Commerce Platform, has been recognised in the 2024 Gartner® Market Guide for Unified Commerce Platforms Anchored by POS for Tier 2 Retailers. We wanted technology that was omnichannel and would take us into the future – and a partner that was solution-focused.”

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How To Scale An Ecommerce Business (2024 Guide)

Smile.io

In 2024, global retail ecommerce sales are expected to reach $6.3 Shopify Plus and POS are great options for omnichannel commerce.  report buying things online using a smartphone. Omnichannel commerce is a strategy to reach customers across different platforms. has to offer. trillion U.S.

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7 Targeted Retail Strategies for Revenue Growth and Margin Improvement

Retail TouchPoints

The 2023 Omnichannel Retail Index demonstrates that understanding what customers value and using that information to build long-term customer relationships is essential for survival. The Index reports that 89% of retailers and brands offer loyalty program members special benefits in their loyalty program.

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Three Requirements For Successful Retailers Post-Pandemic

Retail TouchPoints

small businesses were reporting a 27% increase in customer use of services like Apple Pay and Samsung Pay. market is expected to see an 800% increase in people using at least one form of a digital wallet between 2020 and 2024. And contactless is not limited to the point of sale. Traditionally, U.S. And the U.S.

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Payment as a Key Success Factor: Beyond Just Transactions

365 Retail

Flash-forward to EuroCIS 2024 : Digital payment solutions are among the hot topics in 2024. Topics such as the digital Euro or the European Wallet “wero” announced for 2024 are likely to add further dynamism here. The check-out as the traditional pain point in the customer journey will be re-invented, says Solmsdorff.