article thumbnail

American Dream Again Misses $8.8 Million Loan Payment

Retail TouchPoints

million debt service payment on municipal bonds sold to help finance the venture, due to insufficient funds. The mall also had missed the previous payment deadline for the same reason in August 2022. The concept was developer by Triple Five Group and is billed as the “first-ever modest clothing department store” (i.e.

article thumbnail

Contactless Voice Payment Technology: A Retail Strategy for Bringing Customers Back In-Store

Retail TouchPoints

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. This year, there will be 4.2

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Consumers and Merchants Should Look Before They Leap into BNPL Services

Retail TouchPoints

The economic fallout from the COVID-19 pandemic accelerated demand for buy now, pay later (BNPL) payment options. 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

article thumbnail

How To Start An Online Business in Canada (2023)

Ecommerce Platforms

When researching what to sell in your Canadian ecommerce store, we suggest following these methods: Consider selling essentials: Necessities like shaving cream and clothing are tough markets to penetrate, so we recommend taking this method with a hint of caution. If you own that marketplace, a percentage of every sale goes to you.

article thumbnail

How To Start An Online Business in Canada (2023)

Ecommerce Platforms

How to set up a Canadian-friendly payment processor. When researching what to sell in your Canadian ecommerce store, we suggest following these methods: Consider selling essentials: Necessities like shaving cream and clothing are tough markets to penetrate, so we recommend taking this method with a hint of caution. Fulfilltopia.

article thumbnail

Shinola and Filson to Update In-Store Experience with Omnichannel Platform

Retail TouchPoints

Both retail brands are owned by Bedrock Manufacturing ; Filson is known for high-end outdoor clothing and accessories, and Shinola offers products including timepieces, leather goods, jewelry and audio. Filson operates a total of 14 stores in the U.S., Shinola operates 21 stores across the U.S., Canada and Japan.

article thumbnail

Buy Now, Pay Later: Risks and Rewards

Retail TouchPoints

Buy now, pay later is short-term financing that allows people to buy everyday items like home goods, electronics and clothes in low to no interest monthly installments — and receive the goods immediately. And there are a lot of consumers that use it: 56% of Americans have used a BNPL service, up almost 50% in just one year.