Smile.io

MAY 15, 2024

💡 Key takeaways: - Growing a commerce business involves increasing revenue with increased overhead investments. Scaling a commerce business is increasing revenue without a significant increase in operating costs. In 2024, global retail ecommerce sales are expected to reach $6.3 trillion U.S.

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365 Retail

MARCH 10, 2024

According to Statista, the international revenue hit $6 trillion by the end of 2023 and is projected to reach $6.9 trillion in 2024. If you want to launch an e-commerce business or just plan to stay competitive, it’s essential to be aware of the trends that redefine the industry landscape.

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Retail TouchPoints

JANUARY 25, 2024

The importance of efficient and secure online retail experiences is more crucial than ever. Retailers face the challenge of not only attracting customers but also ensuring their online journey is seamless and secure. Passkeys also relieve retailers from the responsibility of storing sensitive passwords. Enter passkeys.

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iVend

FEBRUARY 9, 2024

For retailers, Valentine’s Day offers a shopping boost in the after-holiday mid-February slump, but it’s more than that – it’s also a reminder that love comes in many forms, including the love that shoppers have for their favourite store. All retail processes iVend helps retailers become irresistible to shoppers.

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ESW

MAY 29, 2024

The Significance of Ecommerce in Global Expansion Ecommerce has reshaped the way businesses interact with their customers and facilitated a globalised marketplace. With the click of a button or the tap of a finger, consumers from every corner of the globe can access a wide array of products and services. between 2024 and 2029.

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Retail TouchPoints

FEBRUARY 21, 2024

Hospitals and medical campuses typically look at retail as an essentially insignificant element in their patient, visitor and employee experiences. and Penn Medicine’s Hospital in Philadelphia, with plans for further expansion in 2024 and beyond. The key is getting the “fundamentals” of good retailing right, according to Kloor.

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365 Retail

MAY 22, 2024

Marks & Spencer (M&S) has released its financial results for the 52 weeks ending 30 March 2024, demonstrating a notable recovery and growth across its business segments. The company reported a significant increase in revenue, driven by strong performances in both its food and clothing sectors. billion, a 9.9%

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GetElastic

DECEMBER 1, 2021

So it’s no surprise that after the COVID-19 stay-at-home measures were implemented, the demand for online subscription services spiked. As such, it is a great time for retailers to enter the market and add subscriptions services to their existing physical products or simply start from scratch. Why’s that you may ask?

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Retail TouchPoints

NOVEMBER 20, 2020

The pandemic threatens to put them under for good, unleashing a wave of retail bankruptcies and store closings unseen in many years. As of mid-September, at least 27 major retailers had filed for Chapter 11 bankruptcy protection in 2020, compared to 17 in all of last year, according to Retail Dive. 2: Extend your cash runway.

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Retail TouchPoints

NOVEMBER 13, 2023

August’s overall retail sales in the U.S. However, the overall data masks some key data points that may be of concern to retailers, including data showing declines in discretionary categories such as furniture (-1.0%) and sporting goods (-1.6%). That quote can be a guiding mantra for retailers heading into the Q4 shopping season.

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ESW

APRIL 24, 2024

However, KUIU lacked the necessary technology and infrastructure and quickly realised developing these systems and processes in-house would take years of time they couldn’t afford to lose, as well as a significant investment of resources. With high demand for its products in its domestic North American markets of the U.S.

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Retail TouchPoints

SEPTEMBER 15, 2020

While a raft of non-essential retailers have succumbed to Chapter 11 bankruptcy since the pandemic forced store shutdowns, J.Jill has reached a definitive agreement with its lenders to avoid that fate in an out-of-court settlement. Term loan lenders holding 97.8% Completion of the transaction, expected to close on or about Sept.

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Retail TouchPoints

APRIL 6, 2022

Mall operator Unibail-Rodamco-Westfield SE (URW) is reportedly looking to divest most of its U.S. retail properties by the end of 2023, according to The Wall Street Journal. These properties have shifted priorities to give shoppers new reasons to visit, including shared BOPIS programs and mall-wide BNPL programs for flexible payments.

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Retail TouchPoints

DECEMBER 20, 2023

“Recent Affirm research revealed that more than half of Americans ( 54% ) are looking for retailers to offer a buy now, pay later option at checkout. Moreover, we’ve found that 76% of consumers would either delay or not make a purchase without Affirm,” said Pat Suh, SVP of Revenue at Affirm in a statement.

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ESW

MARCH 20, 2024

billion in 2024. Savvy, global brands know that fragrance is a revenue generator and an effective way to attract new, curious customers and convert them into life-long fans over time. Therefore, combining perfume with other items in the same shipment poses challenges, especially if the retailer intends to use air shipping services.

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ESW

MAY 17, 2023

A forecast from Forrester predicts that the volume of transactions in B2B sales will exceed $3 trillion by 2024 and that ecommerce sales will account for almost 25% of total US B2B sales by 2027. This is likely due to the complexity of the B2B buying process in general compared to the consumer experience.

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ESW

AUGUST 10, 2020

The 2018 True Cost of Fraud Study by LexisNexis found that retail fraud attempts had increased by almost one-third over the course of a year. Another study by Juniper Research estimates online merchants will lose more than $25 billion to fraud in 2024, up from $17 billion in 2020. There’s no getting away from fraud, either.

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365 Retail

DECEMBER 12, 2023

In a highly competitive global retail landscape, autonomous stores are an emerging force that addresses changing consumer behaviours, reduces operational costs, improves profitability, and powers revenue growth strategies. Żabka’s competitive advantage is its super convenient experience powered by AI.

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ESW

FEBRUARY 1, 2024

And while German shoppers are similar to those in other Western retail markets, there are a few differences that brands should be mindful of when entering the market. 2024 Online Spending will Be Strong More than half (58%) of respondents said they plan to maintain or increase their online spending in the coming year.

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Korona

AUGUST 20, 2021

All new cards will have the option to be void of the magnetic stripe starting in 2024 in Europe and 2027 in the U.S. Credit cards have constantly changed in order to provide more efficient service at the checkout and more security for the customer. In short, EMV payments process each transaction with dynamic information.

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Fabric Blog

APRIL 17, 2024

fabric’s Order Fulfillment Logic automates distributed order management for omnichannel retailers Our next-generation real-time order fulfillment logic is now generally available in fabric OMS. What does that mean for retailers? Let’s take a closer, more technical look at how retailers can benefit from the key components of fabric OFL.

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Fabric Blog

MAY 7, 2024

Anyone who has worked in retail understands the order. It tracks all the information and processes, including order entry, inventory management, fulfillment, and after-sales service.” Gartner defines DOM as software used to “orchestrate the fulfillment of customer orders placed through a retailer’s online channel.”

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Pivotree Blog

SEPTEMBER 22, 2022

Demand planning is the process of forecasting, or predicting, the demand for products. trillion by 2024 (Statista) and 65% of consumers expected to use digital shopping channels (Wunderman Thompson), there is no alternative but to make sure you have a well-prepared and up-to-date eCommerce platform before the holiday season arrives. .

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GetElastic

SEPTEMBER 19, 2020

The shift from monolithic commerce platforms to modular, MACH-based, composable services is well underway for many brands, manufacturers and retailers. So what are packaged business capabilities? In simpler terms, a PBC is an application or service built around a specific business function. HowBigIsAMicroservice.

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ROI Revolution

JANUARY 4, 2021

Pandemic accelerates digital retail: Stats + trends. Walmart is also experimenting with new ways to streamline checkout processes to have less friction. According to eMarketer data , as of June 2020, 30% of consumers indicated interested in mobile payments , up from 17% just three months before in March.

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eCommerce Payment Services Food and Beverages Small Business Retail 78

iVend

MAY 18, 2021

Walk down any high street and you’ll see evidence of one of the growing trends in retail – the rise of the thrift store. Case study Land of Lincoln Goodwill Industries forays into 21st century retail with iVend Retail. All of which means that the thrift store has well and truly come into the retail mainstream.

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Fabric

SEPTEMBER 12, 2023

of retail e-commerce sales in the U.S. These trends precipitate a need for e-commerce retailers to further adapt and evolve if they hope to secure this growing market. Changing consumer trends highlight the importance of omnichannel retail initiatives. Why is headless commerce important?

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Kissmetrics

AUGUST 6, 2021

Research shows that repeat customers spend more than once-off customers, making retention a priority for any Ecommerce business that wants to grow. With research showing that retail Ecommerce sales are set to be more than $548 billion by 2024 , you’ll want your customer retention strategy to be solid enough to get you a piece of that pie.

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ROI Revolution

MAY 7, 2021

Amazon grew its advertising business by 52.5% Search revenue from Sponsored Products and Sponsored Brands along with video ad revenue from Amazon Fire TV, Twitch, and IMDb TV helped contribute, with customers spending more time shopping and watching videos online last year due to the pandemic. What is real-time payment?

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Omnisend

DECEMBER 11, 2023

Shopify dropshipping apps are designed to streamline operations and improve customer satisfaction. Shopify dropshipping apps are specialized tools designed for ecommerce businesses using the Shopify platform. This automation is key for scaling your business. Sign up now Pricing What are Shopify dropshipping apps? Rating: 5.0/5

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ESW

SEPTEMBER 14, 2020

DTC outdoor furniture brand Outer “went from thousands of dollars in monthly revenue to millions of dollars in monthly revenue” during lockdown, according to company Co-Founder and CEO Jiake Liu. So, is now the right time to expand your operations internationally, or is doing so in the middle of a global pandemic too much of a risk?

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ROI Revolution

AUGUST 5, 2021

Mastercard reports that their Q2 2021 revenue surged 36% over last year, a confident indication that consumer spending is rebounding after the pandemic made shoppers wary of making discretionary purchases. It’s not just that shoppers are spending more – it’s also that they’re making more digital payments and fewer cash payments.

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ROI Revolution

DECEMBER 2, 2021

billion in revenue. Retail sales as a whole still saw significant yearly growth on Black Friday according to data from Mastercard SpendingPulse. In August 2021, 66% of organizations were in the process of delaying their office reopenings. Revenue from ecommerce is expected to reach $469.3 growth this year. million.

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ROI Revolution

JULY 1, 2021

Alternative payment options have surged over the past year and a half after the coronavirus pandemic pushed consumers to be wary about high-contact shopping. Buy now, pay later (BNPL) is one of the myriad alternative payment methods that has seen the most growth since last year, with BNPL adoption up more than 81% year-over-year.

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ROI Revolution

JUNE 1, 2021

Touchless payment continues to grow. Contactless payment methods surged last year with the pandemic and consumers’ concerns around safety. Touchless transactions like proximity mobile payment, buy now pay later, & BOPIS all surged with COVID-19 and are continuing to see growth even as the pandemic subsides. June 1 update.

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ROI Revolution

JANUARY 5, 2022

Retail ecommerce has nearly doubled since the coronavirus pandemic started. Retail as a whole saw tremendous growth last year. in 2021, making up for some brick-and-mortar revenue lost around the onset of the pandemic. of all retail sales. That means total retail sales growth will amount to 2.5% growth over 2020.

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ROI Revolution

MARCH 2, 2021

With consumers more concerned about their discretionary spending, the online resale apparel market is projected to double by 2024 ( Statista ). Nearly 60% of millennials are watching more TV on subscription services due to COVID-19 ( GlobalWebIndex ). Grocery ecommerce now makes up 12% of all ecommerce sales ( eMarketer ). Statista ).

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