Prevent Retail Return Fraud from Damaging Profits

RogerRossmeisl

For most retailers, December is the most profitable season of the year. retailers suffer annual losses of $18.4 billion from fraudulent returns, according to data analytics company Appriss and the National Retail Federation (NRF). Fraud Briefs Retail Return Fraud

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SpotOn Launches Omnichannel Retail Platform

PYMNTS

30) debuted an omnichannel solution for retailers and service providers dubbed SpotOn Retail, which allows independent retailers to sell in-store, online and on the go. Omnicommerce ecommerce News omnichannel POS Retail SpotOn What's Hot

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Today in Retail: Farfetch CEO Talks Reinventing Luxury Retail; Commerce Gets More Social

PYMNTS

In today’s top retail news, Farfetch CEO José Neves told analysts on a conference call that next year will be a critical moment for the company in its evolution beyond just a marketplace, while Meta is adding shopping capabilities to Facebook Groups.

Physical Retail’s Data Distortion Trap

PYMNTS

But that is very different than implying that shoppers are shopping at physical retail as much as they did pre-pandemic. See also: The Coming Decline of Physical Retail. Of course, physical retail isn’t irrelevant, and consumers still shop in stores as well as online.

Online Bulk Retailer Boxed Acquiring MaxDelivery

PYMNTS

Online bulk retailer Boxed is set to acquire MaxDelivery , an on-demand grocery delivery service for New York City consumers. Partnerships / Acquisitions acquisitions Boxed delivery ecommerce grocery MaxDelivery News Retail What's Hot

The Myth of Retail Sales in MLM

FraudFiles

But the truth is that the people involved in multilevel marketing companies do little actual retailing of products or services to third-party customers (non-members of the scheme). That’s still retailing? The competition for selling the product is too high for profitable retail selling.

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Today in Retail: Black Friday Shoppers Flock to Amazon; Online Shopping Critical for COVID-Weary Retailers

PYMNTS

In today’s top retail news, Cyber Monday deals are few and far between as retailers spread their holiday promotions across several weeks, while PYMNTS data show that over two-thirds of Black Friday shoppers made online purchases at Amazon.

Average US Consumer Now Has 5 Retail Subscriptions

PYMNTS

The surge in retail subscription commerce that emerged after the pandemic’s onset is still gaining momentum. The average subscriber now has five retail subscriptions on average — twice as many as in the first quarter of 2021. retail subscription services for a monthly total of $106.86.

Today In Retail: Walmart Earnings Up, Retail Sales Down And Retailers Face More Supply Chain Issues

PYMNTS

In today’s top retail news, Walmart’s omnichannel strategy helped it ward off decelerating eCommerce sales and Delta variant concerns in the second quarter, while rising COVID-19 case counts and a surge in mask mandates caused July retail sales to slump.

Retail Shopping And Homestead Tweaking

PYMNTS

Today In Data Commerce Consumer Spending News payments Retail Today in DataShopify’s Shop Pay Installments blasts out of the gate with a vengeance. Plus, homeowners shift to cosmetic improvements and Barbie and Hot Wheels fuel Mattel’s growth.

Great Britain’s Retailers Report Unexpected Fall in Retail Sales

PYMNTS

Retail sales in Great Britain have dipped for the fifth consecutive month, The Guardian reported. Looking ahead, retail spending is expected to recover in October as consumers begin their Christmas shopping early due to concerns about the availability of some toys and gifts, the report stated.

The Digital Consumer Has Redefined Retail’s ‘Normal’

PYMNTS

But for retailers, a return to 2019 after nearly two dozen months of upheaval and challenges would likely be a disaster. The starkest evidence of this came after the onset of the pandemic, as 2020 saw at least 30 retail companies file for bankruptcy.

Why the Retail Subscription Market is Just Warming Up

PYMNTS

Fears of a subscription commerce bubble are evaporating as new data find consumers amassing and retaining more subscriptions rather than paring down — and as merchants and brands redouble their efforts to make retail subscriptions more appealing and engaging than ever before.

Inventory Stockouts Cost Retailers Up To $4.6B On Black Friday

PYMNTS

Each of the top 11 most common types of retail items purchased this Black Friday was bought by more online shoppers than in-store shoppers. Inventory stockouts cost retailers up to $4.6 Retailers, therefore, lost a collective total of up to $30 billion. retailers up to $4.6

Omicron Threatens to Extend Retailers’ Labor, Supply Chain Woes

PYMNTS

inflation above 6% and the new COVID-19 omicron variant quickly emerging across the world, retailers are bracing for the possibility that supply chain disruptions and labor shortages could extend well into 2022 and are looking for ways to dampen the impact. With U.S.

Retailers Now Pay Consumers to Pick Up Their Online Orders

PYMNTS

Saks, for example, is currently offering a $25 gift card toward a future purchase when customers decide to utilize the retailer’s buy online, pickup in-store (BOPIS) capabilities at the location nearest to them. Retail Amazon brick and mortar delivery ecommerce News Saks

Shogun Brings Big Retail Tech To Digital-First Retailers

PYMNTS

Some retailers are just excellent about telling stories about themselves and about the products that they're selling,” Taylor told PYMNTS. Both have been key developments to helping retailers participate in the digital-first economy. Don’t read too much into the name.

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Walmart Calls Livestreamed Shopping Shows on Twitter ‘Future of Retail’

PYMNTS

We believe the future of retail lies in social commerce,” Walmart U.S. Even so, it is hardly alone in its embrace of this new, fast-growing retail channel that is uniquely qualified at connecting with hard-to-reach, digitally native, young consumers.

Retail Slump, Walmart, Supply Chain Struggles

PYMNTS

retail sales in July after a brief recovery, and global supply chain issues could linger for 18 months. retail sales in July 2021. core retail sales — excluding food, cars and fuel — since July 2020. Today In Data Commerce News payments Retail Supply Chain Today in Data walmart

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Tips to Increase Retail Sales for Your Small Business

xendoo

This past year has been incredibly hard on retailers, especially small businesses. Retail sales plunged more than 20% between February and April last year, but with pandemic restrictions easing, the industry is starting to recover.

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Innovative Approaches To Retail And Global Commerce

PYMNTS

In retail rewards, David’s Bridal has seen a sizable number of shoppers enroll in its loyalty program. Today In Data Commerce Innovation News payments Retail Today in Data

Child Tax Credit Boosts July US Retail Sales, Mastercard Reports

PYMNTS

retail sales in July increased by 10.9 Combined with greater savings and higher demand, the Child Tax Credit has provided a boost for families and is putting more money into retailers’ pockets.”. In June, retail sales increased 10.4

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CarLotz Opens Georgia Consignment-to-Retail Hub

PYMNTS

Consignment-to-retail used vehicle marketplace CarLotz has opened a new location in the greater Atlanta area, giving the company locations in 11 states across the nation and strengthening its footprint in the southeastern U.S. Retail automotive CarLotz News What's Hot

Today In Retail: Adidas Leans on Partnerships; UK Retail Stores Prepare for Amazon’s Entry

PYMNTS

In today’s top retail news, Adidas is relying on partnerships for fresh revenue and a path toward a more digital business, while brick-and-mortar retail in the United Kingdom is preparing for the first Amazon 4-star store outside the U.S. Retail adidas Amazon CarGurus JCPenney News

Singapore Retailers Hurt By New COVID Restrictions

PYMNTS

As CNBC reported, the new measures include a jobs support plan for sectors including dining, retail, entertainment and gyms, as well as help for retailers to get onto local online retail platforms. It’s not just retailers that are feeling a pinch due to the pandemic.

Digital Technologies Drive Innovation In Retail, Payments

PYMNTS

In retail technology, Toshiba Global Commerce Solutions ’ new Elera system aims to supplant in-store IT systems with a new cloud-enabled technology. Today In Data Commerce digital commerce News payments Retail Today in Data

Australian Banks Debut Quarterly Reliability Reports for Retail Payments 

PYMNTS

The Reserve Bank of Australia (RBA) recently unveiled its first quarterly reliability report on banking payment services for households and businesses, part of an effort to increase transparency about the retail payment services sector, according to a ZDNet report Monday (Nov.

Innovative Approaches To Retail And Dining 

PYMNTS

Walgreens has been doubling down on reinventing its membership programs and making its pharmacy/retail offerings more personal for shoppers. In technology, retailers are turning to artificial intelligence (AI) to cope with inflation.

Retail’s Biggest Names Battle Against Consumer Inflation ‘Sticker Shock’

PYMNTS

Retail Amazon Consumer Spending News Target walmartTo keep consumers buying, tamp down the sticker shock. You no doubt know that inflation and supply chain disruptions are, in tandem, underpinning price surges across all manner of items.

Upward Trends In Retail And Digital Innovation 

PYMNTS

In the economy, retail sales surged in January after consecutive months of falling sales, while in payment methods, automatic debit payments can help utility providers bolster cash flows as well as collections. Today In Data Commerce digital Innovation News payments Retail Today in Data

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Today in Retail: Mastercard Projects Good Tidings for Retailers this Holiday; Amazon Overshadows Sporting Goods Competitors

PYMNTS

In today’s top retail news, Mastercard is predicting retail sales during the holiday shopping season will increase by over 7% year over year, while Amazon remains the leader when it comes to sporting goods, hobby, music and book sales. Retail Growth During Holiday Shopping Season.

Emerging Developments In Retail And BNPL

PYMNTS

In rural retail, Tractor Supply Co. automotive retail locations that AutoNation owns and operates as of June 30. Today In Data BNPL Commerce News payments Retail Today in Data

Retail Sales Surge On Stimulus

PYMNTS

Retail sales rose in January by 5.3 The increase in retail sales followed three consecutive months of declining sales during the 2020 holiday shopping season. percent retail sales increase beat economists’ estimates, which forecast a 1 percent rebound in January retail sales.

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Gen Z Fashion Retailer Pacsun Now Accepts Crypto

PYMNTS

Youth fashion retailer Pacsun will accept bitcoin and other cryptocurrencies using 10-year-old blockchain payment provider BitPay, according to a Tuesday (Oct. Retail Bitpay Blockchain cryptocurrency Editors' Picks Generation Z News PacSun What's Hot

The Future Of Retail With eCommerce, Subscriptions

PYMNTS

Today In Data Amazon ecommerce Flipkart international News Retail Today in Data walmartWalmart ’s Indian eCommerce venture Flipkart has landed a new round of fundraising ahead of a possible initial public offering (IPO).

Retail’s Next ‘Great Digital Shift’ — Private-Label Cards

PYMNTS

Retailers had to quickly adapt to the accelerated shift to online amid the pandemic in order to meet their customers where they wanted to shop and felt safe doing so. And with one tap, the experience is much better, which is a good reason [for retailers] to go digital.”.

Rue Gilt: Consumers Underserved by Current Discount Retail Offerings

PYMNTS

Rue Gilt Groupe was founded as Rue La La in 2008, offering luxury brands at up to 70% off full-price retail. Last week, the eyewear retailer said third-quarter losses reached $91 million, primarily because of stock-based compensation and direct listing expenses.

The Challenges Of Unattended Retail Payments Ubiquity

PYMNTS

CPI is a global manufacturer of intelligent payment, cash processing and retail automation technologies serving unattended and semi-attended markets, including vending, financial services, retail, transportation, banking and gaming.

Opportunities And Potential Headwinds In Retail

PYMNTS

Bloomingdale’s is set to open a small-format store called Bloomie’s in Virginia on the heels of other retailers introducing similar concepts. And, in the economy, retail job openings climbed again in May per new data from the U.S.

Today in Retail: Kohl’s Urged to Spin-Off eCommerce Business; Retailers Pay Customers to Pick Up Orders

PYMNTS

In today’s top retail news, Rakuten and Afterpay are partnering on a new rewards program for customers of both companies, while department store chain Kohl’s is being urged to follow in the footsteps of Saks and others in spinning off its digital business.

Car Retailer Cazoo Acquires SMH Fleet Solutions 

PYMNTS

based online car retailer Cazoo on Wednesday (Sept. Partnerships / Acquisitions acquisitions automotive Cazoo international News Retail SMH What's Hot

New Normal for Retail, Gap’s Multi-Brand Approach, Holiday Hopes Are High

PYMNTS

Gap stores are weathering the supply chain snafus with a multi-brand approach to retail. Plus, retailers are pinning their 2021 holiday hopes on financially healthy consumers , and advancements in digital retail are redefining the sector’s “normal.”.

Today In Retail: JCPenney Introduces Inclusive Kids’ Apparel Line; Dept. Stores, Electronics Head Up Retail Rebound

PYMNTS

In today’s top retail news, JCPenney has rolled out its new Thereabouts private-label kids’ clothing line, while American shoppers spent more in department stores and less on furniture and cars in June. Pct Rebound in June Retail Sales.