Korona

JANUARY 3, 2024

Jump into 2024 with the right tools to run your business successfully. This blog covers the POS data that retailers need in 2024.

POS 52

POS Retail Blog Point of Sale 52

Retail TouchPoints

JANUARY 8, 2024

Ever since a bold, mob-style group ransacked a California Nordstrom , we’ve seen increasing news of retail theft and loss. 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. Similarly, 57.8%

Recommendation 231

Recommendation Omnichannel Shipping Costs eCommerce 231

Retail TouchPoints

AUGUST 30, 2023

In today’s challenging business landscape, where profit margins are shrinking, supply chains are slow and uncertain, labor shortages are prevalent and inflation is a concern, it is crucial for retailers and brands to differentiate between understanding customer habits and fostering customer loyalty in order to succeed.

Shipping Costs 232

Shipping Costs Improvements Live Chat Retail 232

Mi9

FEBRUARY 1, 2024

FORT LAUDERDALE, FLORIDA, January 31 , 2024 – Elevate Software (“Elevate”) announced today that it has closed the acquisition of Mi9 Retail (“Mi9”). Mi9 is a leading provider of software solutions spanning merchandising, store operations, customer engagement, e-commerce, and business analytics for the Retail industry.

eCommerce 52

eCommerce Retail Point of Sale eCommerce Platforms 52

Retail TouchPoints

JULY 7, 2020

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.

Merchant Services 212

Merchant Services Payment Services Payments Small Business Retail 212

Retail TouchPoints

FEBRUARY 6, 2024

Inside H&M ’s new store in NYC’s SoHo neighborhood, the fast fashion retailer has nested a shop-in-shop featuring curated secondhand pieces — the brand’s first resale location in North America. 7, 2024, New York-based vintage clothing designer and accessories seller James Veloria will curate select pieces for the secondhand section.

Fashion 231

Fashion Accessories Arts Clothing 231

Smile.io

MAY 15, 2024

Scaling a commerce business is increasing revenue without a significant increase in operating costs. There are many scaling strategies for commerce brands—laying the foundation for growth, enhancing operational efficiency, expanding market reach, focusing on customer loyalty, and adding programs like Smile.io trillion U.S.

Payment Services 46

Payment Services Merchant Services eCommerce Payments 46

Retail TouchPoints

AUGUST 14, 2023

Seeking to move closer to the goal of cutting its waste footprint in half by 2030, Starbucks has added 12 locations to its 100% reusable operating model. Beginning in 2024, customers in all Starbucks stores across the U.S. Stores in Napa and Petaluma, Calif. Customers using these bins through Oct.

Payment Services 204

Payment Services Operations Mobile Customer 204

Retail TouchPoints

APRIL 16, 2024

However, the solution remains in place in a range of smaller, more defined retail spaces, including hospitals , sports stadium shops and college campuses.

Technology 130

Technology Consumer Retail Point of Sale 130

Retail TouchPoints

JUNE 4, 2021

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%

Payment Services 164

Payment Services Payments Small Business Retail Technology 164

Retail TouchPoints

FEBRUARY 29, 2024

The point-of-sale (POS) system has always been the one truly indispensable technology for any merchant, large or small. As if this workhorse of retail didn’t have enough to manage, today’s increasingly complex landscape has added other “responsibilities” to the POS. Simply asking ‘How was your shopping experience today?’

Point of Sale 233

Point of Sale POS Payment Services Merchant Services 233

365 Retail

NOVEMBER 22, 2023

Inferring meaningful information from digital images and videos: retailers’ hopes to have a new, highly efficient tool against shoplifting, loss and organised crime in future are based on Computer Vision, a sub-segment of Artificial Intelligence (AI). Has a shopper moved away from the self-checkout without a payment transaction?

Payment Services 104

Payment Services Shopping Carts Article Technology 104

Retail TouchPoints

JULY 21, 2020

Adoption of curbside pickup has accelerated throughout the retail world during the pandemic, and Walmart Canada will expand the company’s Pickup offering to have it available at approximately 270 stores by the end of 2020. Over the past five years, the retailer has put $1 billion (Canadian) into remodeling and opening stores.

Supplies 223

Supplies Beauty and Health Payment Services Fulfillment 223

365 Retail

JANUARY 12, 2024

Be it shoppers paying by Scan & Go, self-checkout, in checkout-free stores or via Click & Collect: offline retail is becoming increasingly digital. Payment systems were of rather subordinate importance as a trade fair topic because payment in retail was mostly still analogue. And mobile payment by smartphone is also picking up.

Payment Services 62

Payment Services Mobile Payments Banking POS 62

Retail TouchPoints

APRIL 27, 2021

Surges in online shopping during the pandemic helped fuel the growth of point-of-sale loans — a market that is forecast to grow at an annualized 9.8% over the five years through 2024-25, to $1.1 Another danger for consumers using point-of-sale loans is a temptation to overspend. billion, according to IBISWorld.

Merchant Services 130

Merchant Services Payment Services Payments Consumer 130

365 Retail

OCTOBER 4, 2023

Brands can leverage the data within these closed ecosystems to target and engage with their audiences effectively. ● Retail Media Networks: These advertising platforms are owned and operated by retailers. The post 4 Ways to Thrive in a New Era of Retail Advertising appeared first on Retail News and Events.

Retail 62

Retail Customer Data Channel Improvements 62

Retail TouchPoints

SEPTEMBER 8, 2021

Visit a major retail store recently? Retail technology is continually evolving in order to boost efficiency and save money for merchants. Self-checkouts have been prevalent in retail stores across America since the early 2000s. By 2024, the market is expected to hit $4billion , with 468,000 units installed globally.

Merchant Services 193

Merchant Services Technology Retail Mobile 193

RetailMinded

FEBRUARY 20, 2023

The retail landscape has changed drastically over the past few years as businesses continue to ride the wake of a subsiding pandemic. Our tips for retail marketing will help you level up in 2023 for better sales and happier customers. About 37% of people say they use contactless delivery more than they did pre-pandemic.

Small Business Retail 52

Small Business Retail Social Media Marketing Retail 52

Retail TouchPoints

JANUARY 10, 2024

There’s been a lot of talk recently about retailers reporting lower-than-expected earnings due to inventory shrinkage. The discrepancy may occur due to clerical errors, goods being damaged or lost, or theft from the point of purchase from a supplier to the point of sale.” days, and one doubled its sales in one year.

Shipping Costs 286

Shipping Costs Food and Beverages Retail Supplies 286

Fabric

DECEMBER 6, 2023

Managing inventory (keeping track of what’s in stock) in real-time (instantly) is crucial for retailers to sell against their product assortment effectively. In the fast-paced world of omnichannel retail, the ability to harmonize inventory across various channels is not just a logistical necessity, but a strategic imperative.

Omnichannel 130

Omnichannel Multi-channel Retail eCommerce Platforms 130

iVend

APRIL 22, 2024

For retailers, thrift stores have become part of the ‘mainstream’, managed with many of the key disciplines of ‘regular’ retail. But thrift retail also has its own unique characteristics and store performance indicators. Electronics Store POS Software iVend helps electronics retailers win in a competitive market.

POS 52

POS Electronics Consumer Electronics Mobile 52

ROI Revolution

AUGUST 5, 2021

Last month marked the ninth month in a row of total retail sales growth as the world recovers from a pandemic that led to total retail sales declining 10.5% Total retail sales were up 11% year-over-year this June, a 10.4% of all retail sales ( eMarketer ). of all US retail ecommerce sales.

eCommerce 197

eCommerce Social Media Payment Services Merchant Services 197

ROI Revolution

DECEMBER 2, 2021

In fact, online sales have reached $109 billion so far – a significant increase from the $90 billion we were at this time last year. Retail sales as a whole still saw significant yearly growth on Black Friday according to data from Mastercard SpendingPulse. US retail ecommerce revenue was just $285.9 growth this year.

eCommerce 148

eCommerce Social Media Payments Payment Services 148

ROI Revolution

JUNE 1, 2021

of smartphone users will use their mobile phone to pay for point-of-sale transactions this year, and that number will surpass 50% for the first time in 2025. Mobile retail commerce sales grew 31.5% By 2022, mobile retail revenue will pass $432 billion, a 25.1% By 2024, annual paid ad spend is projected to hit $109.1

eCommerce 158

eCommerce Social Media Payment Services Merchant Services 158

ROI Revolution

JULY 1, 2021

After surging nearly 34% in 2020 due to the pandemic, ecommerce retail sales are expected to grow a more modest 13.7% this year while non-ecommerce sales will see 2.2% Total retail sales will reach a record $5.86 Retail sales will remain steady at around 3.5% billion in sales. June 17 update.

eCommerce 148

eCommerce Social Media Payment Services Merchant Services 148

ROI Revolution

JANUARY 5, 2022

Retail ecommerce has nearly doubled since the coronavirus pandemic started. This year, US ecommerce sales will surpass $1 trillion for the first time ever. Retail as a whole saw tremendous growth last year. Where 2020 was ecommerce’s year to shine, nonecommerce sales took the crown last year. of all retail sales.

eCommerce 78

eCommerce Social Media Payments Payment Services 78

ROI Revolution

NOVEMBER 4, 2021

As a result, retailers had less of a need for their shipping containers, and the containers were put away and saved for later. But this year, consumer demand for products surged earlier than expected – and retailers and container companies weren’t prepared. US retail ecommerce revenue was just $285.9 growth this year.

eCommerce 78

eCommerce Social Media Payments Payment Services 78

ROI Revolution

OCTOBER 7, 2021

By 2023, it’s expected that B2B brands and retailers will spend upwards of $14.5 Every industry has undoubtedly been impacted by the COVID-19 pandemic – but the apparel and retail industry has felt some of the biggest shockwaves. The home décor market is expected to be valued at $202 billion by 2024, a 20% increase from 2019.

eCommerce 78

eCommerce Social Media Payments Payment Services 78

ROI Revolution

SEPTEMBER 2, 2021

The home décor market is expected to be valued at $202 billion by 2024, a 20% increase from 2019. In 2021, however, furniture & bedding sales are forecasted to hit nearly $120 billion, a more significant 5% YoY growth. Computers and consumer electronics represent 22% of all retail ecommerce sales. YoY growth.

eCommerce 78

eCommerce Social Media Payment Services Payments 78