article thumbnail

Visa, Mastercard Settlement Represents Major Victory in Merchants’ Fight Against Swipe Fees

Retail TouchPoints

By negotiating directly with merchants, we have reached a settlement with meaningful concessions that address true pain points small businesses have identified,” said Kim Lawrence, President, North America at Visa in a statement. The settlement is subject to final approval by the Eastern District Court of New York.

article thumbnail

How Online Commerce and Traditional High Street Weigh Up in 2024

365 Retail

It’s only natural to infer that small businesses are struggling too. There are still over five million small businesses in the UK. The value of small retail businesses in the UK has risen over the last seven years to over £8 billion from around £5.5 billion up to February 2024.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

13 Retail Marketing Tips For Small Businesses In 2023

RetailMinded

The retail landscape has changed drastically over the past few years as businesses continue to ride the wake of a subsiding pandemic. So, what is your small business doing to keep up with the changing demands and latest trends? There are so many different ways you can partner with your fellow small business owners.

article thumbnail

Contactless Voice Payment Technology: A Retail Strategy for Bringing Customers Back In-Store

Retail TouchPoints

In particular, consumer expectations for contactless payment methods as a result of health and safety concerns during the pandemic are galvanizing retailers to integrate flexible, contactless payment options like voice payment technologies into their operations. in April 2020, but online retailers saw an 8.4%

article thumbnail

Three Requirements For Successful Retailers Post-Pandemic

Retail TouchPoints

The global pandemic has accelerated the pace of change for the retail industry at a rate we have never before seen. Burlington Stores is grappling with its January decision to cut online sales altogether and the coronavirus may be the final blow that shutters JCPenney for good. And contactless is not limited to the point of sale.

article thumbnail

How To Scale An Ecommerce Business (2024 Guide)

Smile.io

With commerce platforms making it easier than ever to launch and scale a business, ecommerce continues to grow year-over-year. In 2024, global retail ecommerce sales are expected to reach $6.3 of all retail purchases.  trillion U.S. dollars and account for 20.1% have a supply chain accuracy of just 63%. 

article thumbnail

10 Winning TikTok Marketing Strategies: A Guide for Retailers and SMB Owners

Korona

Whether you’re a retailer or a small business owner, chances are you’ve already used TikTok – either for entertainment, to see what’s new and trending in your industry, or to promote your products on the platform. But, as a retailer or SMB owner, how much do you leverage TikTok to promote your business ?