Remove Customer Experience Remove Fashion Remove Online Retail Remove Payments
article thumbnail

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

Retail TouchPoints

These consumers are using digital channels and experiences to discover and engage with once out-of-reach luxury brands. Many members of this young, savvy demographic are exchanging their dependence on fast-fashion destinations like SHEIN , choosing to invest in quality over quantity.

Payments 265
article thumbnail

#RSP22: Everything You Need to Know About Holiday 2022

Retail TouchPoints

The Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment, providing a wealth of insights to help merchants refine and optimize their holiday strategies. Leverage Alternate Revenue Streams to Support Business Growth. Don’t Overspend on Real-Time Inventory Update Frequency.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Retail TouchPoints

Cutting Fraud to Claw Back Costs Retailers are pushing back. Some fashion brands, including Zara, J.Crew and Uniqlo , have begun charging for returns in order to claw back lost revenue and dissuade certain behaviors. Customer data analysis: This can be carried out to detect potential networks of fraudsters working together.

article thumbnail

The Very Group appoints Lionel Desclée as group CEO

365 Retail

He previously spent three years as president and CEO of Walmart in Japan, where he led a 35,000-strong team at Seiyu, the Japanese supermarket business with a significant food and non-food presence. He led Walmart’s subsequent partial exit from Seiyu to investor KKR and Rakuten.

article thumbnail

9 Common Characteristics of Top Shopify Stores

eCommerceFuel

With the range of support services store owners enjoy, the Shopify platform is attractive to many online entrepreneurs. These services include payments, analytics, marketing support, website hosting, site theme motifs, and shipping. There are even some hitting more than a hundred million in annual revenues. Great products.

Shopify 48
article thumbnail

Retail vs Ecommerce: What’s the Difference?

Ecommerce Platforms

Quick answer : The term “retail store” typically applies to a physical, or brick-and-mortar location, such as a supermarket, boutique, or individual offline store. Both retail and ecommerce stores have their own distinctive pros and cons to consider for any entrepreneur. How Does Retail Work? How Does Ecommerce Work?

eCommerce 104
article thumbnail

ecommerce in Nigeria – tips for success

Payoneer

Nigeria’s ecommerce market is rapidly growing and is projected to generate a revenue of US$7,627 million by the end of 2023, making it the 39th largest ecommerce market globally. of Nigerian ecommerce revenue. The top ranking online stores in Nigeria Jumia.com.ng million in revenue in 2021.