Retail TouchPoints

NOVEMBER 28, 2022

In a first indication of what to expect as we enter the heart of the 2022 holiday season, digital Black Friday sales hit record highs despite inflationary pressures, topping $9.1 BNPL revenue was up 81% over the same period. However, revenue from curbside fulfillment was up 54% and orders were up 35% for the week of Nov.

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Retail TouchPoints

FEBRUARY 3, 2023

The new year is here; however, the market challenges of 2022 didn’t evaporate with the turning of the calendar. The current economic environment has driven consumers to be more budget conscious and price sensitive as inflation pushes up the cost of living and products’ prices. Be mobile-friendly.

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Retail TouchPoints

OCTOBER 30, 2023

One such payment option that has demonstrated its effectiveness in streamlining these transactions is Dynamic Currency Conversion (DCC). Retailers offering DCC should collaborate with trusted payment processors that provide a best-rate guarantee. Revenue growth DCC introduces a profitable revenue stream for retailers.

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Retail TouchPoints

JUNE 23, 2022

The 2022 back-to-school (BTS) season could be the most “normal” since the start of the pandemic, with even more demand than the record-setting BTS 2021 season for clothing, classroom supplies and new technology. Give Back-to-School Shoppers Alternative Payment Options.

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Retail TouchPoints

MARCH 29, 2023

Apple has begun the pre-release of its new Pay Later offering, which was first announced at the company’s developers’ conference in June 2022. Pay Later — which will let users split purchases into four payments spread over six weeks with no interest and no fees — is now available for some randomly selected Apple Wallet users in the U.S.,

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Retail TouchPoints

NOVEMBER 13, 2023

However, consumers are still spending, the labor market remains tight, and the Adobe Digital Price Index recently posted an overall 40-month low, an encouraging sign for online shoppers: Adobe reported that online prices fell for 11 out of 18 tracked product categories on an annual basis. But there are possible headwinds on the horizon.

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Retail TouchPoints

FEBRUARY 8, 2024

In partnership with brands, media owners could utilize product placements, in combination with targeted communications with their audience, in order to boost sales in a revenue-sharing deal. Unlocking New Revenue Opportunities Aside from boosting sales and driving media revenue, retail media networks bring other benefits too.

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Retail TouchPoints

FEBRUARY 7, 2023

But the luxury market sits in a unique position of growth: spending on luxury goods grew approximately 20% in 2022, according to Bain & Company , and it is likely to expand further through 2023. These consumers are using digital channels and experiences to discover and engage with once out-of-reach luxury brands.

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Retail TouchPoints

FEBRUARY 21, 2023

This growth will be driven not just by an increase in new social commerce buyers but also by an increase in the average spend per user, with Insider Intelligence predicting that more than 114 million consumers will spend an average of nearly $1,000 a year on social purchases by 2025. social network ad spending forecast by $16.21

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Retail TouchPoints

JUNE 4, 2021

In particular, consumer expectations for contactless payment methods as a result of health and safety concerns during the pandemic are galvanizing retailers to integrate flexible, contactless payment options like voice payment technologies into their operations. that consumer spending fell by a record 16.4%

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Payment Services Payments Small Business Retail Technology 179

Kissmetrics

JANUARY 1, 2021

Games as a Service (GaaS) was introduced as a barrier between consumer cost concerns and user engagement. Games as a Service acts as a continuous revenue service for developers, allowing them to break their reliance on the one-time purchase. Games as a Service Payment Options.

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Retail TouchPoints

JULY 20, 2022

With consumers feeling increasingly worried about missing and damaged packages, SMB retailers that adopt personalization methods — from real-time package tracking and multiple delivery options to an omnichannel ecommerce approach — can improve both their bottom line and provide peace of mind for consumers.

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Retail TouchPoints

SEPTEMBER 21, 2021

The 15 sessions covered a wide range of topics, so to make it easier to browse we’ve organized the sessions into four categories: Holiday 2021 forecasts and how best to prepare for 2022; Building loyalty with connected consumer experiences; Key ecommerce and digital marketing trends; and Embedding innovation within your retail organization.

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Retail TouchPoints

JUNE 8, 2022

As the retail industry starts to return to normal in 2022, merchants around the world continue to respond to changing consumer behavior by embracing adaptability with open arms, in addition to being increasingly open to new technologies as part of their long-term strategies. This led to an increase in ecommerce sales by 14.2%

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Retail TouchPoints

JUNE 8, 2022

As the retail industry starts to return to normal in 2022, merchants around the world continue to respond to changing consumer behavior by embracing adaptability with open arms, in addition to being increasingly open to new technologies as part of their long-term strategies. This led to an increase in ecommerce sales by 14.2%

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Merchant Services Payment Services Payments eCommerce 246

Retail TouchPoints

AUGUST 18, 2022

As younger consumers gain greater spending power, once notoriously inaccessible brands are now expanding from exclusive boutiques into virtual worlds and experiences. During its July 26, 2022 earnings release, LVMH reported revenue of approximately $37.3 billion , which is a 28% increase compared to the same period in 2021.

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Retail TouchPoints

MAY 9, 2022

DTC ecommerce solution provider ESW will acquire Scalefast , an end-to-end ecommerce company, in a deal that is expected to close by mid-year 2022. Scalefast’s technology offering is highly complementary and will enable ESW to unleash new capabilities and deliver even faster direct-to-consumer ecommerce growth for new and existing clients.”.

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Payment Services Payments Electronics Omnichannel 289

Retail TouchPoints

JANUARY 4, 2024

Consumers responded to steep discounts in key ecommerce categories, including electronics, where discounts peaked at 31% off listed prices (versus 25% in 2022); toys ( 28% versus 34% last year); and apparel ( 24% versus 19% ). of online sales, up from 47% in 2022. November’s sales total of $123.5 billion topped December’s $98.6

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Retail TouchPoints

OCTOBER 19, 2022

It’s clear that there is a consumer-driven need for more flexible finance and smarter buying power. . This trend follows changes in the retail sector, which has recently seen a shift toward an omnichannel approach and subsequent changes in how consumers spend. What Increased Regulation will Mean for Consumers and Retailers.

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POS Merchant Services Payment Services Payments 260

Retail TouchPoints

JANUARY 3, 2023

This article reveals effective strategies to safeguard brands’ customers, reputation and revenue moving forward. 2022 saw the fastest pace for inflation in decades. As consumers faced higher prices at the gas pump, grocery stores and other places, many cut back on their spending, increasing the competition among retailers.

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Retail TouchPoints

MARCH 8, 2022

Each day, more electric vehicles (EVs) are hitting the road as consumers and commercial drivers look to reap the potential long-term financial and environmental benefits of the technology. The driver payment process at retailers’ charging stations should be frictionless for shoppers.

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Retail TouchPoints

DECEMBER 20, 2023

Moreover, we’ve found that 76% of consumers would either delay or not make a purchase without Affirm,” said Pat Suh, SVP of Revenue at Affirm in a statement. will help even more consumers increase their purchasing power during the holiday shopping season and beyond.” year over year.

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Ecommerce Platforms

JANUARY 12, 2022

In this article, we'll complete a thorough analysis of current Shopify revenue, statistics, and growth potential to show the successes and challenges Shopify has experienced over the years. Keep reading to learn all about Shopify revenue, usage stats, and more! Total value of transactions processed through Shopify stores leapt to $79.5

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Payments Shopify Merchant Services Payment Services 104

Retail TouchPoints

JANUARY 25, 2024

Proper security is imperative to any business’ bottom line and the integrity of their brand, but how can that be achieved without increasing the burden on the end consumer? A unique key pair is created for every website, service and app that the consumer needs to access, and is tied to a specific site or application.

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Payment Services Cryptography Payments Improvements 264

lateshipment

APRIL 23, 2020

Unfortunately, the same goes the other way around : If you can defraud an eCommerce business for one dollar, you can defraud them for a million. Juniper Research estimates that retailers stand to lose $71 billion globally from fraudulent card-not-present transactions between 2017 and 2022. Hacking Alternative Payment Options.

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Merchant Services Payment Services eCommerce Payments 242

FastSpring

OCTOBER 13, 2022

We discovered that Q4 is by far the best-performing quarter of the year for both business and consumer sales. In November, software companies see 11% to 24% over the average monthly revenue. If you think globally, there are dozens of holidays you can leverage to run promotions and drive revenue. In the U.S.,

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Retail TouchPoints

AUGUST 7, 2023

Revenues were down more than expected, decreasing 42% YoY to $78 million ; adjusted EBITDA was in line with expectations but still represented a loss of $66 million in the quarter; and monthly active users were down 48% to 12 million. “The A Little Bit of History Repeating? The very next month Temu debuted in the U.S.

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Shipping Costs Merchant Services Payment Services Shipping 245

Retail TouchPoints

AUGUST 11, 2022

Not to mention consumers love them, with 80% saying they plan to purchase more gift cards in 2022. As states look to protect residents and find sources of revenue, it is critical to understand and apply these laws in order to protect your program from potential large fines. Dave Jones is the CEO and Co-founder of TOTUS.

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Retail TouchPoints

JULY 17, 2023

Connecting the world of physical objects into a smart network, IoT technology brings new business opportunities for retailers and provides data-driven insights for decision-makers. billion in 2022 and is expected to grow at a CAGR of 28.4% Smart merchandising helped GetGo improve the consumer experience and increase sales.

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Food and Beverages Payment Services Retail Payments 246

FastSpring

JUNE 6, 2024

Xsolla is a merchant of record (MoR) payment provider that serves the video game industry. The platform includes a broad feature set that provides game developers with the infrastructure needed to sell online and accept online payments globally, without having to manage localization, sales tax and VAT, or fraud prevention on their own.

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Payment Services Payments Merchant Services Games 78

Retail TouchPoints

OCTOBER 18, 2023

billion in 2022. 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. Online return fraud cost U.S. retailers $22.8 For every $100 in returned merchandise accepted, U.S. retailers lose $10.40

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Ecommerce Platforms

NOVEMBER 9, 2022

However, Squarespace has converted all current and new customers (with the option to switch back) to the Fluid Engine module, so they’re pushing it as more of a consumer solution, whereas Wix’s Editor X gets marketed to developers. . However, that doesn’t mean Editor X is immediately right for every type of developer and business owner.

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Retail TouchPoints

APRIL 13, 2022

This greatly expands the reach of the cryptocurrency to consumers, moving it beyond something that’s only used by tech enthusiasts or industry professionals. A top-tier cryptocurrency ATM provider offers multiple services for retailers that ensure they receive optimal revenue with minimal time expended.

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Cryptocurrencies Payment Services Retail Payments 274

FastSpring

SEPTEMBER 12, 2024

The payments landscape and how it affects businesses trying to grow in Asia. If you’re not sure how to kickstart growth for your digital products or software business in Asia, listen or watch now! Before joining FastSpring, I spent quite a number of years within the payments industry.

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Merchant Services Payment Services Payments eCommerce 192

Ecommerce Platforms

AUGUST 11, 2022

An excellent alternative to working with cable companies, OTT solutions have quickly become the go-to option for countless consumers. With an OTT platform, content creators can build online hubs for their videos, monetize their work in a range of different ways, and explore the benefits of both live streaming and video on demand.

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Payments Multi-channel Payment Services Subscription 104

Groove

JULY 29, 2022

PAYMENT PROCESSORS Aside from Shopify’s internal offering, Shopify Payments, merchants can select from a wide range of payment options. eCommerce retailers can also choose to offer 3rd party payment plan providers such as Klarna. Vast User Base As of July 2022, there are 1.75

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Groove

OCTOBER 7, 2022

Types of Subscription Programs Replenishment The replenishment subscription model is most commonly applied to everyday consumable goods that customers need on a recurring basis. This is easily the most common subscription program type leveraged as of 2022. In some cases.

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