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Express Launches Debt Restructuring Effort in Bid to Avoid Bankruptcy

Retail TouchPoints

Amid declining sales, apparel retailer Express has hired restructuring adviser M3 and law firm Kirkland & Ellis to help restructure nearly $280 million of debt, according to the Wall Street Journal , which cited people with knowledge of the matter.

Payments 264
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The 7 Perfect Verticals for Generating Recurring Revenue

Groove

Selling products online often means wild swings in revenue generation based upon trends, seasonality or consumer sentiments. On the flip side, upwards of 75% of a business’s revenue comes from these same months. Fashion & Apparel. Vitamins & Supplements. Most Americans feel that their wardrobe is sub-par.

Payments 195
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CFPB Announces Intention to Regulate BNPL Following Release of Consumer Impact Report

Retail TouchPoints

Apparel and beauty companies accounted for 80.1% with late payments, fees, etc.]. It also noted that some BNPL providers don’t furnish data to major credit reporting companies, which can impact other lenders. The CFPB also found that BNPL usage has expanded to a wider range of retailers. of BNPL transactions in 2019 but fell to 58.6%

Payments 262
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Fueled by Discounts and BNPL, Online Holiday Sales Grow 4.9%

Retail TouchPoints

Consumers responded to steep discounts in key ecommerce categories, including electronics, where discounts peaked at 31% off listed prices (versus 25% in 2022); toys ( 28% versus 34% last year); and apparel ( 24% versus 19% ). Discounts in other categories ranged from 18% off appliance prices to 24% off for computers.

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5 Things for Apparel Brands to Know About the Circular Economy

ESW

Sustainable apparel and luxury have received growing attention as more research about the harmful environmental effects of the industry’s sourcing, manufacturing and shipping practices surface. In 2022, circular economy revenue totaled US$338.88 In 2022, one in three apparel items purchased in the U.S. billion by 2026.

Apparel 78
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How the Subscription Economy Is Reimagining Every Industry

Retail TouchPoints

While subscriptions have been an option for consumers in a number of retail environments — from apparel and pet supplies to media consumption — the COVID-19 pandemic accelerated the adoption of subscriptions in a variety of industries that turned to payment technology to adapt their business.

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City Furniture Overhauls Ecommerce Approach to Create Highly Customized Shopper Journeys

Retail TouchPoints

The retailer plans to keep these new features as part of the online experience: “They have proven to be significant revenue drivers, so those new strategies will continue to expand moving forward,” said Lopez. Currently, the retailer uses Monetate, which Kibo acquired last year, as its A/B testing and personalization tool.

Payments 264