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Curbing Cash Leakage to Save Millions in Supplier Overpayments

RIS News

A major US retailer, renowned for its chain of hypermarkets and department stores, sought to revamp its post-payment audit program. To maximize lost revenue recovery and minimize future leakages.

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Report: Westfield Parent Aims to Sell its U.S. Mall Properties by Late 2023

Retail TouchPoints

Retailers closed a record 12,200 stores in 2020, with an outsize share coming from malls and one-third of the total from department stores specifically, according to data from CoStar Group. and Tritant believes the U.S. market “will be seen as a safe haven” as international retailers pull out of Russia due to the war in Ukraine.

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Identifying the ‘Faces’ Behind Faceless Online Transactions

Retail TouchPoints

According to McKinsey , ecommerce sales in apparel, department stores and beauty products have increased by nearly 10%, on average, since the onset of the pandemic. By exceeding these thresholds, merchants not only risk fines and fees, but also a network refusing to process further payments altogether.

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#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. YOY growth this holiday season, whereas department stores will only see a 0.3%

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July 2021 COVID-19 + Ecommerce News Roundup

ROI Revolution

Jewelry, lodging, and department stores saw the biggest yearly sales growth compared to the other sectors measured in Mastercard’s SpendingPulse Report. Amazon’s ecommerce revenue grew 71% YoY in Q1 2021 compared to before the pandemic started ( PracticalEcommerce ). When it comes to large retailers and department stores, 58.2%

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5 Things for Apparel Brands to Know About the Circular Economy

ESW

In 2022, circular economy revenue totaled US$338.88 beating out DTC, value chains, fast fashion, department stores and more. The British department store Selfridges also jumped on the trend, fixing 11,150 pairs of shoes from 2021 to 2022. billion, but that number is projected to reach US$712.74 billion by 2026.

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Viva La Retail: The Retail Renaissance Lives And Dies By The Connected Consumer

RTP blog

Up to 90% of consumers use their phone while shopping in stores and retailers are increasingly enhancing digital transformation strategies to take advantage of the new mobile-powered shopping era across every vertical, from department stores and supermarkets to hardware, sports and specialty retailing.