Remove 2022 Remove Fashion Remove Online Retail Remove Payments
article thumbnail

#RSP22: Everything You Need to Know About Holiday 2022

Retail TouchPoints

But despite the rush, retailers still have multiple opportunities to maximize both in-store sales and online conversions. Mastercard Spending Data Reveals 4 Key Takeaways for Holiday 2022. McNamara spotlighted a surge in promotional activities in July 2022 that marked the official kickoff of the back-to-school season.

article thumbnail

With Growth Top-of-Mind, Luxury Brands Focus on Digital Goods and Virtual Experiences

Retail TouchPoints

Macroeconomic forces — from inflation to corporate layoffs and the unknown impacts of a recession — are creating uncertainty throughout the retail industry. Many members of this young, savvy demographic are exchanging their dependence on fast-fashion destinations like SHEIN , choosing to invest in quality over quantity.

Payments 288
Insiders

Sign Up for our Newsletter

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

article thumbnail

Serial Returners and Refund Fraudsters: How Brands are Fighting Back With Data Insight

Retail TouchPoints

Online return fraud cost U.S. retailers $22.8 billion in 2022. retailers lose $10.40 Signifyd data shows that there was a 35% increase in false claims that an item never arrived in 2022 in Europe, and a 68% increase in false claims about the condition of a product. to return fraud, the NRF has calculated.

article thumbnail

Top 11 Shopping Cart Abandonment Reasons for 2022 with Resolutions

Algopix

It’s already 2022. Still, cart abandonment remains a major problem among most eCommerce businesses. The travel sector tops at 87.08% followed by the fashion industry (84.43%) and the retail sector (77.01%). Then, and only then, will you address the problems in your checkout process to boost your sales.

article thumbnail

The Very Group appoints Lionel Desclée as group CEO

365 Retail

The Very Group, operator of multicategory digital retailers Very and Littlewoods, has appointed former president and CEO of Walmart Japan Lionel Desclée as group CEO. He will join on 19 September 2022. Current group CEO Henry Birch will step down on 24 September 2022 after four and a half years in the role.

article thumbnail

ecommerce in Nigeria – tips for success

Payoneer

Nigeria’s ecommerce market is rapidly growing and is projected to generate a revenue of US$7,627 million by the end of 2023, making it the 39th largest ecommerce market globally. of Nigerian ecommerce revenue. The top ranking online stores in Nigeria Jumia.com.ng million in revenue in 2021.

article thumbnail

Use Coupang marketplace to enter the Korean ecommerce arena

Payoneer

Fast facts about the South Korean ecommerce market: South Korean ecommerce revenue is set to hit US$88.85 The average revenue per user (ARPU) is estimated at US$2.23k. The ‘Korean Amazon’ thrives with high population density Coupang marketplace, often called the Korean Amazon, is South Korea’s largest online shopping platform.