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‘Cash or Card?’: Why More Financing Choices Drive Consumers’ Decisions on Which Retailers to Shop

Retail TouchPoints

The customer experience is paramount to the success of today’s retailers. This includes enhancing in-store inventory, delivery services and even the personalization of customer service. However, when it’s time to check out, how do payment options factor into that customer experience?

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Embedded Finance: Making Payments Possible in New Frontiers

Retail TouchPoints

In fact, embedded finance will be a $777 billion opportunity by 2029. In doing so, businesses as diverse as consumer goods suppliers, transport operators, healthcare providers and entertainment companies can layer payment services into their processes, attract new customers with seamless payment journeys and generate additional revenues.

Payments 264
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Serial Returners and Refund Fraudsters: How Brands are Fighting Back With Data Insight

Retail TouchPoints

Signifyd data shows that there was a 35% increase in false claims that an item never arrived in 2022 in Europe, and a 68% increase in false claims about the condition of a product. For retailers with overseas customers, the returns process can be more complex, with potentially more loopholes for returns fraud.

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The Essential Guide to Shopify ERP Integration [2024]

Groove

ERP systems integrate supply chain, sales, finance, procurement, manufacturing and other processes into one place. This data-driven solution brings financial, logistical, and human resource data together to save you time managing your store. You’ll never have to worry about system limitations and data inconsistencies.

Shopify 393
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Solving the Shopping Mall ‘Identity Crisis’ with Community Data and Careful Curation

Retail TouchPoints

Landlords are a strong source of granular data about their properties’ local communities. There’s a lot of cell phone data and other data that allows them to look at consumer behaviors inside and outside of the community,” Cegielski noted. The key is to think beyond direct brand alignment within a shopping mall or center.

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Monetizing Data Assets is the Lifeline Retailers Need to Restore Growth

Retail TouchPoints

While there are various assets retailers can monetize (including real estate and inventory), the most talked-about but under-tapped is data. This data monetization can be that lifeline retailers need right now. However, that strategy only covers one category within retail and only uses aggregated data. The Value in Receipt Data.

Banking 264
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CIO Q&A: Lessons and Priorities from Aldo Group’s Companywide Digital Transformation

Retail TouchPoints

Most importantly, they are supporting the business as it aims to evolve to a “more unified and data-driven approach to retail.” With the exponential growth in data generation and availability, the task of harnessing it effectively is paramount. This involves personalized product recommendations, marketing messages and customer service.

Supplies 287