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

Retail TouchPoints

“Higher-income consumers are less impacted by inflation and, while aware of higher food, home and transportation costs, still have the funds to drive luxury sales and luxury growth,” said Marie Driscoll, Managing Director, Luxury and Retail at Coresight Research in an interview with Retail TouchPoints.

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IoT in Retail: Top 5 Use Cases and Real-Life Examples

Retail TouchPoints

Connecting the world of physical objects into a smart network, IoT technology brings new business opportunities for retailers and provides data-driven insights for decision-makers. from 2023 to 2030. IoT solutions enable retail stores to monitor and manage their equipment, including HVAC systems and refrigerators.

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Stripe Secures $600M in New Funding, Boosts Value to $95B

Retail TouchPoints

Online payment processing company Stripe has raised $600 million in Series H funding, nearly tripling its valuation in under a year to $95 billion , according to data from Pitchbook. We’re investing in the infrastructure that will power internet commerce in 2030 and beyond,” said Dhivya Suryadevara, CFO of Stripe in a statement.

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eCommerce and Cryptocurrency: Helping SMBs Navigate a Changing Payment Landscape

Korona

between 2021 and 2030. Major brands such as Home Depot and Microsoft have begun accepting crypto as part of their eCommerce payment options. Also, processors like Paypal now have crypto gateways accepting many different coins. There are a multitude of bots and plugins that integrate with many different payment platforms. .

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Resellers vs. Retailers: How to Handle the Bot Problem

Retail TouchPoints

To put this into perspective, Cowen Equity Research has predicted that the sneaker resale market will be worth $30 billion globally by 2030. In severe cases, bot activity can have an effect akin to that of a distributed denial-of-service (DDoS) attack, slowing down or even taking down websites, resulting in an immediate loss of revenue.

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5 Things for Apparel Brands to Know About the Circular Economy

ESW

Based on its current trajectory, the clothing industry’s global emissions are predicted to grow by 50% by 2030 — a rate that is completely unsustainable for the future of our planet. In 2022, circular economy revenue totaled US$338.88 In general, a circular economy prolongs an item’s lifespan through repair, resale and recycling.

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The POS top five – the ‘must-haves’ for a perfect POS

iVend

It performs the core functions in the store – managing the customer transactions that enable you to trade and taking the payments that make up your revenue. Connectivity to other store systems – point of sale is the core of the store, but if it is connected to other retail systems it can do so much more than take payments.

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