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Online payment fraud losses to exceed $206 billion over the next five years; driven by identity fraud

Retail Technology Review

A new study from Juniper Research has found that merchant losses to online payment fraud will exceed $206 billion cumulatively for the period between 2021 and 2025. This figure, equivalent to almost 10 times Amazon’s net income in the 2020 financial year, demonstrates why merchants must make combatting fraud, through the use of machine learning-based fraud prevention platforms, an immediate priority. Surveillance and Security Internet Retailing Critical Issues

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Five Below Plans 1,000 New Store Openings by 2025

Retail TouchPoints

The retailer plans to open approximately 1,000 stores in total by its fiscal year 2025: 375 to 400 new stores over the next two fiscal years and 550 to 600 new stores during fiscal years 2024 and 2025.

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Reuters: IKEA’s Home Deliveries Will be Made by EVs by 2025

Retail TouchPoints

IKEA is reportedly aiming to make home deliveries by electric vehicles by 2025, Jesper Brodin, CEO of the furniture retailer’s parent company Ingka Group , said in an Oct.

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Victoria’s Secret Aims for $7.3B in Sales by 2025 as Brand Continues Image Overhaul

Retail TouchPoints

billion in sales by 2025. Victoria’s Secret revealed during its Oct. 13 Investors’ Day presentation that it will attempt to reach $7.3

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Starbucks Adds NFTs to Loyalty Program, Plans to Reach 45,000 Global Stores by End of 2025

Retail TouchPoints

The retailer also expects to grow its global store portfolio by roughly 7% annually to reach 45,000 locations by the end of 2025 and keep the chain on track to reach approximately 55,000 locations by 2030. store base in fiscal 2023 with continued investment in fiscal 2024 and 2025.

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Greencore commits to making all packaging recyclable by 2025

TalkingRetail

The pledges include commitments that all of the group’s packaging will be recyclable or reusable by 2025, that food waste will be reduced by 50%.

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Ecommerce growth could create 12 million sq ft of last mile logistics space requirements by 2025

Retail Technology Review

Ecommerce sales are forecast to rise from 27% to 30% by 2025, resulting in an additional £37 billion worth of online retail sales. Internet Retailing Critical Issues

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AI software spend will double from 2021 to 2025, to reach $64 billion, and grow 50% faster than the overall software market

Forrester Digital Transformation

in 2021 to 6% in 2025. Across eight forecasted countries — US, China, Japan, and Europe-5 (France, Germany, Italy, Spain, the UK) — AI’s share of software spend will increase from 4.3%

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Amazon poised to overtake Walmart as largest retailer by 2025: report

Retail Dive

As e-commerce keeps up a blistering pace, the online specialist with its vast marketplace is forecast to exceed more than $630 billion in U.S. sales

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Adidas aims for DTC to be 50% of sales by 2025

RetailDive

A new four-year strategy is predicated on doubling e-commerce sales, building up an athleisure offering and refocusing on women, among other things

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Nike Ties Executive Compensation to Reaching 29% Minority Representation in Leadership by 2025

Retail TouchPoints

VP leadership consist of at least 29% racial and ethnic minorities, by 2025. The retailer will enforce the Purpose 2025 Targets program by tying diversity, as well as environmental and ethical goals, to executive compensation for the first time. “As

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Study: Resale to Hit $47B by 2025, Giving Fast Fashion a Run for its Money

Retail TouchPoints

That growth rate looks likely to continue, with the overall secondhand market projected to double in the next five years, reaching $77 billion in annual sales by 2025.

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Target to spend over $2B with Black-owned companies by 2025

RetailDive

The retailer intends to add products from over 500 Black-owned businesses in several categories and launch resources to help vendors scale their operations

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Kohl’s will bring Sephora to all stores in hopes of adding $2B in sales by 2025

Retail Dive

A similar partnership with the beauty retailer didn’t do much for rival J.C. Penney, but Kohl’s sees potential in the tie-up as sales and profits plummet

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Dollar General plans to open 1,000 Popshelf stores by 2025

Retail Wire

Dollar General plans to have 1,000 Popshelf stores in operation by the end of its 2025 fiscal year. The retailer currently operates 30 of the locations, which are targeted at wealthier, suburban shoppers, across six states. in-article

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Adidas Shifts to DTC-First Model, Plans to Double Ecommerce Sales by 2025

Retail TouchPoints

For its part, Adidas expects that DTC will account for half of total net sales and generate more than 80% of targeted topline growth by 2025. Adidas also plans to triple its membership program from the current level of more than 150 million to approximately 500 million members by 2025.

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IKEA will use 100 percent electric fleet to deliver online orders by 2025

Retail Wire

All of IKEA’s home deliveries by 2025 will be made using electric vehicles. The furniture giant said that deliveries in some cities are already 100 percent electric and it is making the move as part of a plan to cut more emissions than it uses by 2030. in-article

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Petco Pledges to Make 50% of its Pet Products Sustainable by the End of 2025

Retail TouchPoints

Petco has committed to increasing its assortment of sustainable products to 50% by the end of 2025, reinforcing its pledge of corporate social responsibility.

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Bezos says renewable energy will power Amazon ops by 2025

Retail Wire

Jeff Bezos, founder and executive chair of Amazon.com, has moved up his company’s timeline for powering all its operations with renewable from 2040 to 2025.

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Sizing The AI Software Market: Not As Big As Investors Expect But Still $37 Billion By 2025

Forrester's Customer Insights

Forrester forecasts the AI software market will grow to $37 billion by 2025. Find out what's driving the growth and where the limitations are in this blog post. Age of the Customer AI Insights

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Target Pledges to Spend $2 Billion+ with Black-Owned Businesses by 2025

Retail TouchPoints

In an effort to support diversity and change in the retail industry, Target has committed to spending more than $2 billion with Black-owned businesses by the end of 2025.

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The Application Security Market Will Grow To $12.9 Billion By 2025

Forrester Digital Transformation

Earlier this year, when I published “The State Of Application Security, 2021,” I highlighted how organizations were prioritizing application security and aggressively adopting a range of tools to support their efforts.

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Will CX Pros Still Have A Job In 2025?

Forrester's Customer Insights

There we were. a round table of CX leaders from across Southeast Asia, senior executives with years of experience running large, successful teams and chipping away at the journey to turn our organizations into customer-obsessed enterprises. We shared our recent wins and successes and learned from each other how to go faster, […]. age of the customer customer experience customer experience management

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Joann reports third quarter loss, suspends dividend

Retail Dive

After a disappointing Q3 financial performance, the crafts retailer wants to achieve $200 million in cost savings by 2025

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Amazon launches program to reduce worker injuries

Retail Dive

The e-commerce giant is looking to reduce incidents by 50% by 2025

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Nike plans for $50B in revenue next year

Retail Dive

By 2025, the company expects to reach a 60% DTC business and 50% digital, through both owned and partner channels

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Five Below looks to triple store count by 2030

Retail Dive

Coming off a year of strong sales growth, the discounter is looking to double its sales and add 1,000 new stores by the end of 2025

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Buy now, pay later popularity shows no signs of slowing, FIS report says

Retail Dive

The Jacksonville, Florida-based payments company expects BNPL to be the fastest-growing e-commerce payment method through 2025 in the U.S. and Canada

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Social commerce to grow 3 times as fast as e-commerce, Accenture predicts

Retail Dive

trillion by 2025 Driven by Gen Z and millennials, shopping on social media platforms is forecast to grow from $492 billion in 2021 to $1.2

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Adidas aims to fill the Nike gap at Foot Locker with expanded partnership

Retail Dive

The new deal makes Foot Locker the "lead partner" for Adidas' basketball offerings and is expected to generate $2 billion in sales by 2025

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Cashierless tech startup Zippin raises $30M

Retail Dive

Armed with the new funding, the company aims to scale its checkout-free technology to "tens of thousands of stores" by 2025

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True Religion hires Columbia Sportswear vet for key e-commerce role

Retail Dive

Scott McCabe will lead efforts to transform the company into a digital-first brand, with the goal of tripling online revenue by 2025

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Walgreens puts robots to work filling prescriptions

Retail Wire

The drugstore giant expects it may use robots to fill as many as half its prescriptions by 2025. Walgreens Boots Alliance is opening micro-fulfillment centers that use robots to fill customers’ prescriptions.

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Social media to exert big influence on purchasing behavior

Retail Wire

trillion by 2025, up from $492 billion last year, according to a new report by Accenture. Social commerce is expected to grow to $1.2 in-article

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Wawa is headed for Music City

Retail Wire

Wawa plans to open its first store in Nashville, TN, by 2025. The convenience store retailer, which is based in Pennsylvania, is expanding its store network from the Florida Panhandle, to southern Alabama and North Carolina. in-article

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11+ Best Online Course Platforms of 2022 [Tried & Tested]

eCommerce CEO

With the e-learning industry projected to be worth $325 billion by 2025, it is fair to assume we’ll continue to see new players in the. Read more. Digital Products

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Retailers to need a lot more warehouse space to meet online demand

RetailWire

Online merchants will need one billion square feet of additional warehouse space by 2025 to keep up with rising demand, according to a new report by JLL

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Amazon is moving closer to its 100 percent renewable energy goal

Retail Wire

gigawatts of clean energy capacity as it seeks to make good on its pledge to reach 100 percent renewable energy by 2025. Amazon.com said it is adding 71 renewable energy projects that will enable it to add 2.7 in-article

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Crate & Barrel Enhances Sustainability With Commitment to Eco-Friendly Products

Retail TouchPoints

The company outlined three 2025 goals that form its first urgent commitments to improve CBH products: 60% certified preferred fibers in its textile assortment; 50% Forest Stewardship Council (FSC)-certified furniture; and 100% Greenguard Gold Certified Crate & Kids furniture.

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Aldi pledges to remove 74,000 tonnes of plastic packaging

TalkingRetail

Aldi has pledged to cut the volume of plastic packaging it uses in half by 2025. The commitment will see the supermarket remove 74,000 tonnes of plastic packaging during the next five years, the equivalent to 2.2bn single items of plastic.

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How Can You Settle Your Ecommerce Business Abroad?

Ecommerce Guru

A new study predicts that by 2025, people will start spending around $50 trillion annually, which is why it is essential for ecommerce stores to grow internationally. International ecommerce is a type of business that operates online but ships goods to multiple countries.

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Walmart ending single-use plastic bags to get out in front of state laws

Retail Wire

by 2025. Walmart has eliminated single-use plastic bags at its stores in Connecticut, Colorado and New York. The retailer is attempting to get ahead of state laws that would require the chain to end its use of single-use plastic bags and to help achieve its goal of becoming a zero-waste company in the U.S. in-article

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Sales Training: The 5 Stupidest Questions To Ask Retail Shoppers

The Retail Doctor

In spite of the relentless onslaught of online retailers, 85% of transactions are still expected to be done in a brick and mortar store well into 2025 according to McKinsey. People who sell retail have to up their game, or their brick and mortar stores will bleed customers.

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