Retail TouchPoints

FEBRUARY 9, 2024

Retail crime was a hot topic throughout 2023, and it’s easy to see why. According to the National Retail Security Survey, losses attributed to retail theft rose to $112.1 Cracking down on retail crime isn’t just about stopping thieves anymore. billion in 2022, up from $93.9 It’s about keeping employees and shoppers safe.

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Retail TouchPoints

APRIL 18, 2024

Gopuff has partnered with Misfits Market , an online grocer dedicated to reducing food waste that delivers to Gopuff’s microfulfillment centers nearly every day, while Grubhub will work with Mercato , an online marketplace for independent grocery stores with more than 950 retailers across the country.

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Retail TouchPoints

MAY 2, 2023

As National Small Business Month kicks off, some of the biggest names in U.S. To understand the current mindset of small-business owners given the challenging economic climate, Amazon conducted a poll in partnership with Walker Sands. Not surprisingly, given that small businesses account for 99.9%

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Retail TouchPoints

MARCH 21, 2022

What does having a network that can offer high speed and low latency really mean for retailers, and how can they take advantage of it? Imagine a retail location where customers using an AR-powered mirror can see how clothing looks on them without ever entering a changing room. 5G can Drive Consumer Engagement.

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Retail TouchPoints

SEPTEMBER 8, 2022

Retail crime is on the rise, and it’s affecting companies of all sizes. The National Retail Federation (NRF) estimates that organized retail crime cost stores an average of $1 billion in sales in 2020, up more than 50% over the last five years. Retail Crime is a National Issue.

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Retail TouchPoints

DECEMBER 1, 2021

In another sign that Black Friday, and to some extent the entire extended Thanksgiving weekend, has ceded its position as a truly peak shopping period, Black Friday 2021 was a mixed bag for retailers. million , according to the National Retail Federation (NRF), compared to 186.4 Small Business Saturday was a Small Success.

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Retail TouchPoints

FEBRUARY 1, 2022

In conversations with retailers, technology partners and industry veterans in my network, several points have stood out. Alternative Supply Chain Options. One area of investment by retailers is a shift to buy online, pick up in-store (BOPIS), which was called “table stakes” by one retailer insider I talked with.

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Retail TouchPoints

APRIL 27, 2021

The Current , a retail incubation offering of pop-up shops in Boston Seaport , has unveiled its latest collection of shops, all opening May 1-5. Additional in-store offerings will include hats, tees and gaiters, alongside products from other local small businesses including Darwin, S?p, p, Grey Lady Candl and more.

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RetailMinded

SEPTEMBER 19, 2022

It’s best if you start figuring out what these two aspects of the supply chain entail to have a broader perspective of their significance. The most common distribution channel for goods is from the producer to the wholesaler, then to the retailer, and finally to the consumer.

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RetailMinded

JANUARY 8, 2022

Efficient money management is key to business success, and it’s how you stabilize your small business and make it less likely to fail. . Yes, your business can fail if you don’t learn how to efficiently manage its finances right away. In fact, data shows that 82% of small businesses do fail because of cash flow problems.

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Retail TouchPoints

JULY 20, 2023

Walmart Business has rolled out a series of enhanced offerings for its small business customers, including a dedicated app , a new partnership with Angi (formerly Angie’s List) to help SMBs connect with local service professionals, and an expanded product assortment via integration with the Walmart Marketplace.

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Retail TouchPoints

AUGUST 10, 2022

Hurricane Season 2022 is underway, and with it comes the looming threat of outages and downtime for retailers. As we head into the peak of the season, retailers should review their disaster avoidance strategies as they seek to protect critical equipment and prevent downtime.

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Retail TouchPoints

OCTOBER 13, 2020

So how do retailers stay ahead of the pack regarding sustainability? We’ve heard a lot about applications for track and trace in the retail supply chain, most often around recalls. Are the businesses working to offset carbon emissions, whether by purchasing carbon credits or another avenue? of the category.

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Korona

JANUARY 30, 2023

Despite persistent inflation and supply chain issues, there are significant bright spots in the retail industry. Total nationwide retail continues to rise each year, with 2022 reaching upwards of almost $5 trillion. Brick and mortar retail has shown impressive resilience over the past year.

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Korona

JANUARY 4, 2023

Small businesses can now easily find employees across the world for both part-time contract work and full-time positions. So retailers, too, need to be prepared to accept payments across borders. Read on the learn more about cross-border payments and how small businesses can make this process simple, reliable, and efficient.

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Retail TouchPoints

AUGUST 4, 2023

Amazon identified several key investments within retail and advertising that supported this jump, including: An expanded Prime Day : Prime members worldwide purchased more than 375 million items during the annual event that took place July 12-13 across various categories. In addition, overall operating income swelled to $7.7 billion to $61.8

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Retail TouchPoints

JUNE 2, 2020

Alibaba has launched three new platforms — Alibaba.com Payment Terms, Alibaba.com Freight and Alibaba.com Trade Shows — designed for small businesses seeking ways to digitally optimize their operations during the COVID-19 crisis and beyond. Trade Shows will facilitate live, invite-only meetings between suppliers and retailers online.

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Payment Services Payments Small Business Retail Management 149

Retail TouchPoints

JUNE 29, 2023

retail locations will accept label-free, box-free Amazon returns for no fee. Staples joins a growing network of retailers that have agreed to serve as hubs for Amazon customers. retail stores and will expand to the full chain by the end of July 2023. Retail in a statement.

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RetailDive

FEBRUARY 6, 2023

The partnership allows shippers to access the retailer’s distribution network and gain supply chain capabilities “previously only available to billion-dollar brands.”

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Retail TouchPoints

DECEMBER 28, 2021

In May 2020, McKinsey issued a report stating while the COVID-19 pandemic was shaking up small businesses across the board, it was disproportionately affecting minority-owned small businesses. Think food services, retail and personal and laundry services, for instance. Reasons cited were that the country’s 1.1

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Retail TouchPoints

FEBRUARY 21, 2024

While this is good news for many ecommerce retailers, it has also become more and more expensive to deliver those goods to customers. This presents a dual shipping dilemma for businesses: how can they keep shipping costs on the business low, while also offering customer-friendly return policies? of total retail sales.

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Retail TouchPoints

JANUARY 11, 2021

Without question, the COVID-19 pandemic proved to be quite a disruptor for retailers, as in-store sales dropped and other options, like ecommerce and buy online, pick up in-store (BOPIS) surged. With that in mind, here are three predictions for retailers in the coming year. Real-time data is the key for 2021. CPG will thrive with D2C.

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Retail TouchPoints

FEBRUARY 10, 2022

Supplier diversity programs are nothing new, but recent attention to gender and race inequities have prompted many businesses to prioritize and update their initiatives on the supplier front. Small Business Administration, have come a long way in recent years. Current State of Diversity Efforts.

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Supplies Small Business Retail Management Consumer 248

Payoneer

JUNE 12, 2023

How drop shipping from US suppliers helps small businesses Editor’s Note : This article is a guest post by Devon Funk, a freelancer at Spocket. Source : Oberlo Small Business Statistics In today’s business landscape, small businesses drive robust economic growth and job creation. Out of the 33.2

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Retail TouchPoints

OCTOBER 2, 2020

Walmart will sell a majority stake in the UK-based grocery retailer Asda to the Issa brothers, the co-CEOs of EG Group , and TDR Capital for an enterprise value of $8.8 billion in the next three years to strengthening its business and supply chain. Asda will commit more than $1.3

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Retail TouchPoints

AUGUST 17, 2021

“We have always been in the space of helping our customers personalize and make products that are unique for them, and frankly, for their home,” said Shutterfly President Jim Hilt in an interview with Retail TouchPoints. With more than 30,000 new customers per month and a network of 3.3 Am I sourcing it from the right place?

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RetailMinded

DECEMBER 5, 2023

As an indie retailer, a portion of your hard-earned income might be slipping through the cracks straight into the coffers of the tax collector. Pay attention to smaller, less obvious expenses like subscription services, minor supplies, and professional development costs. Collectively these costs amount to substantial tax savings.

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Retail TouchPoints

NOVEMBER 1, 2022

Supporting small businesses has always been a priority for Walmart,” said Darryl Spinks, Director of Retail Services for Walmart in a statement. “We We are excited to partner with Walmart to bring new brands to local communities while providing small business owners the ability to thrive with some great built-in foot traffic.

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Retail TouchPoints

JUNE 26, 2023

While the latest investment wasn’t given a breakdown, Jassy and Modi reportedly discussed supporting Indian startups, creating jobs, enabling exports, digitization and empowering individuals and small businesses to compete globally, according to Reuters. Amazon has reportedly planned to invest $12.9 and Europe.

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Small Business Retail eCommerce Channel Operations 257

Korona

NOVEMBER 17, 2022

ACH payments are not suitable for all businesses, such as retail stores that use point of sale (POS) transactions to accept customer purchases. Looking for a point of sale software for your retail business? As a retail business, if you pay your employees by direct deposit, you use ACH direct deposit.

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Retail TouchPoints

JULY 27, 2020

COVID-19 has changed retail. Earlier this year, we released a report, titled “The Best Vision is Insight,” outlining our predictions for the top retail trends of 2020. Online retailers of daily necessities may be inundated with overspill from closed physical stores. Sustainability Lives Up To Its Name…Becomes Sustainable.

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Retail TouchPoints

DECEMBER 3, 2020

Retailers and industry experts have been forecasting a 2020 holiday season dominated by ecommerce almost since the world started taking COVID-19 seriously, and results from “Cyber Weekend,” or BFCM (Black Friday/Cyber Monday), effectively made their case. Mobile continued strong on Cyber Monday, accounting for 37% of that day’s sales.

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lateshipment

OCTOBER 30, 2020

Shipping carriers are already straining their capacity due to social distancing norms and supply-chain restrictions. Retailers, on the other hand, will need to put in efforts from their end to survive and have a good holiday season run. Small Business Saturday - Saturday, 28th November. of all businesses in the US.

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Retail TouchPoints

JULY 12, 2021

Brick-and-mortar dominates the retail scene, with ecommerce projected to account for just 7% of sales this year, up from 3% in 2017. Flipkart plans to use the new funding to make investments across people, technology, supply chain and infrastructure to address the requirements of the rapidly growing consumer base in India.

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Retail TouchPoints

AUGUST 4, 2021

“Customer returns are a fact of life for all retailers, and what to do with those products is an industry-wide challenge,” said Libby Johnson McKee, Director, Amazon WW Returns, ReCommerce and Sustainability in a statement. Shoppers can collect their unwanted apparel and either ship it directly to Farfetch or have it picked up for free.

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Korona

AUGUST 9, 2022

If you are a retail business owner, chances are you have experienced increased prices for your products from your suppliers in the last several months. While economists and the National Retail Federation still expect U.S. While economists and the National Retail Federation still expect U.S. Table of Contents.

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Retail TouchPoints

JANUARY 13, 2023

The 2022 holiday season showed slow, but steady, improvement for the retail industry. As economic headwinds curbed spending capacity, online retail grew in the U.S. Inflation was a major factor in slower growth despite heavy discounting by retailers. but at its lowest rate in years: up 3.5% billion, according to Adobe Analytics.

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