Retail TouchPoints

OCTOBER 6, 2022

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%

Shipping Costs 287

Shipping Costs Payment Services Merchant Services Payments 287

Retail TouchPoints

JANUARY 4, 2021

One department store rendered 40,000 products in 3D and increased its conversion rate on shoes and bags by almost 40% , showing the power of this emerging technology to drive sales and boost profits. The companies that stay ahead of the curve are seeing huge benefits to their businesses.

Retail 317

Retail Merchant Services Online Retail Department Stores 317

Retail TouchPoints

SEPTEMBER 4, 2020

Department of Commerce, e-Commerce retail sales grew by 25% during the quarter ending June 2020, while grocery stores and building and garden suppliers each saw a 13% growth over this period. I do think that] mall traffic and department-store visits will be challenged going forward.”. In reality, the opposite is true.

eCommerce 195

eCommerce Multi-channel Merchant Services Department Stores 195

Retail TouchPoints

JANUARY 20, 2021

We are excited to bring Barneys at Saks to life in a way that is relevant for today’s luxury consumer, with a strong focus on discovery and the unexpected,” said Tracy Margolies, Chief Merchant at Saks Fifth Avenue in a statement. Standalone Store Will Serve as Testing Ground for Menswear.

Merchant Services 294

Merchant Services Fashion Social Media Accessories 294

365 Retail

JULY 20, 2022

Fewer barriers for professional e-commerce, coupled with the increased popularity of social media, lead to the rise of micro brands, and as a result, the number of online merchants will grow exponentially and will lead to increased competition and higher customer acquisition costs.

eCommerce 120

eCommerce eCommerce Platforms Merchant Services Social Media 120

RTP blog

APRIL 26, 2018

Sugarfina sells in just about every channel you can imagine, with 26 of its own branded stores in North America (including one at The Shops at Columbus Circle, where it will be a part of the RIC Store Tours ) plus pop-in shops in department stores such as Nordstrom and Neiman Marcus.

B2B 150

B2B B2C Magento eCommerce 150

Teamwork Retail

MAY 29, 2019

The Merchant Class. Early marketplaces and bazaars were simply gathering spots where farmers, hunters, and traveling merchants would trade goods. Growth in national wealth, advances in technology, and the continued exploitation of the New World led to the rise of a merchant class in Europe. E-commerce Matures.

Merchant Services 70

Merchant Services Payment Services Retail eCommerce 70

365 Retail

MAY 14, 2024

Amex’s research surveyed 500 senior decision makers across UK retail and hospitality businesses of all sizes, with at least one physical store, exploring their current challenges, investment priorities, and customer attraction strategies.

eCommerce 107

eCommerce Customer Retail Merchant Services 107

Steve Dennis

OCTOBER 9, 2023

Yet the department store industry in particular seems to be the poster child for doubling down on a losing hand. John Lewis, Britain’s leading department store chain, is saying goodbye to its leader as its turnaround has hit a wall. The first is what I refer to as the on-going collapse of the unremarkable middle.

Department Stores 78

Department Stores eCommerce Merchant Services Reference 78

Teamwork Retail

MAY 29, 2019

The Merchant Class. Early marketplaces and bazaars were simply gathering spots where farmers, hunters, and traveling merchants would trade goods. Growth in national wealth, advances in technology, and the continued exploitation of the New World led to the rise of a merchant class in Europe. E-commerce Matures.

Merchant Services 48

Merchant Services Payment Services Retail eCommerce 48

Teamwork Retail

MAY 29, 2019

The Merchant Class. Early marketplaces and bazaars were simply gathering spots where farmers, hunters, and traveling merchants would trade goods. Growth in national wealth, advances in technology, and the continued exploitation of the New World led to the rise of a merchant class in Europe. E-commerce Matures.

Merchant Services 48

Merchant Services Payment Services Retail eCommerce 48

Mi9

OCTOBER 25, 2023

Mi9 Retail is committed to innovation and customer service. Mi9 Retail offers a complete suite of software solutions that include merchandise management, point of sale, business intelligence, sales audit, invoice matching, order management, and e-commerce – all connected to a common retail analytics platform. Let’s Meet at NRF 2024!

Department Stores 52

Department Stores Merchant Services eCommerce Point of Sale 52

ESW

DECEMBER 7, 2020

According to IHL President Greg Buzek , less than one-half (40%) of stores had dependable returns processes in place before the pandemic. Those without such a process could be on the hook for significant costs. If your processes aren’t optimized, you’re losing a great deal on every transaction,” he says.

Merchant Services 78

Merchant Services Shipping Costs Clothing Consumer 78

Kibo

SEPTEMBER 30, 2019

That expectation is increasingly extending to stores, with 79% of shoppers saying personalized service from an associate was a deciding factor in choosing where to shop and 68% saying they preferred stores that offered personalized loyalty rewards, according to a survey from Boston Retail Partners. More than two-thirds of U.S.

Merchant Services 48

Merchant Services Live Chat Department Stores Recommendation 48

Mi9

DECEMBER 9, 2022

Mi9 Retail featured in a total of 9 of the Top-10 lists, including Top Vendors for Tier One Retailers, Leaders in Quality of Service by Tier One & Mid-Size Retailers, as well as Leaders in Quality Support. RIS Software LeaderBoard Mi9 Retail Rankings: #2 – Customer Satisfaction for Department Store/Mass Merchant Vendors. #2

Merchant Services 40

Merchant Services Department Stores Customer eCommerce 40

Kibo

MARCH 17, 2023

Last-Mile Delivery Last-mile delivery refers to the final step in the process of delivering a product to a customer’s doorstep. This type of delivery is often considered the most important part of the delivery process, as it is the last interaction a customer has with a company before receiving their purchase.

Fulfillment 62

Fulfillment Operations Shipping Costs Merchant Services 62

Dynamic Action

AUGUST 18, 2023

They might try on a dress in a store, but purchase it online. They might browse online, but run to the nearest department store to pick up a few things they saw to avoid shipping costs. Lastly, knowing which products drive “buy online pick-up in-store” (BOPIS) allows retailers to optimize the fulfillment process.

Omnichannel 62

Omnichannel Shipping Costs Channel Merchant Services 62

OrderDynamics

FEBRUARY 7, 2019

of US retailers offer the service. But, altogether – not enough retailers offering the new services. These merchants represent the future of retail. They recognize the service gaps in the country as a whole. We offer a number of ways to serve them on their terms seamlessly across stores and online.”.

Omnichannel 50

Omnichannel Merchant Services Channel Order Fulfillment 50

RETAIL MANAGEMENT SOFTWARE

NOVEMBER 9, 2021

While quarantine and lockdown left some merchants gasping for air other specialty stores like bicycle stores went on fire as sales skyrocketed. Products are sourced from sporting goods manufacturers, distributors and wholesalers and then sold to the general public via retail stores.

Sporting Goods 52

Sporting Goods Outdoor Marketing Accessories 52

ROI Revolution

JANUARY 5, 2021

The home improvement category saw the biggest year-over-year increase in ecommerce at 79.7% , while department stores saw a modest 3.3%. Overall, furniture saw the largest jump in retail sales (including ecommerce and in-store) at 16.2%, while luxury items saw the biggest decline at 21.1%. Online shopping grew 21.5%

eCommerce 78

eCommerce Shipping Costs Toys Payments 78

Retail TouchPoints

SEPTEMBER 3, 2020

In the wake of COVID-19, returns are receiving serious (and necessary) attention for several key reasons: Retailers are spending more processing returns in stores. However, apparel and department stores are elevated. Department stores are normally at 11% , but they are currently near 14%.

Shipping Costs 334

Shipping Costs eCommerce Merchant Services Retail 334

RTP blog

MARCH 8, 2019

While a whopping 84% of e-Commerce and pure-play retailers consider themselves to be thriving , only 40% of specialty retailers, 35% of big boxes, 25% of discount stores, and 17% of department stores claim to be. First Steps: Break down the silos and communicate with different merchants and departments.

eCommerce 150

eCommerce Retail Merchant Services Payment Services 150

RTP blog

APRIL 4, 2018

At RTP we talk a lot about the customer journey, particularly the need for merchants to stay connected with them at all times , and Xenio appears to bring that value to retailers. Alexander calls it “a contemporary alternative to and evolution of the department store.” Wine is a strong point of entry for Bottlefly’s service.

Events 150

Events Technology Food and Beverages Retail 150

Kissmetrics

APRIL 16, 2018

According to the National Retail Federation , brick and mortar retail stores had a net increase of over 4000 store openings in 2017. For each company that closed a store, 2.7 companies opened stores. Although department stores stayed the same, Superstores thrived. Here’s how it works.

Merchant Services 209

Merchant Services Shipping Costs eCommerce Mobile 209

ESW

SEPTEMBER 30, 2019

Store cards are one of the earliest forms of credit cards. SuperMoney’s Andrew Latham writes that oil companies and department stores in the US began to offer early credit card prototypes back in the 1920s. Fast forward almost a century, and store cards are still in use today.

Merchant Services 68

Merchant Services Payment Services Customer Loyalty Department Stores 68

Steve Dennis

FEBRUARY 5, 2023

But the role of the store continues to evolve dramatically and brick-and-mortar locations that cannot demonstrate a clear reason for being are becoming increasingly irrelevant (see moderate department stores, Bed, Bath & Beyond, et al). Trading down” will define the year.

Retail 88

Retail Merchant Services Channel eCommerce 88

Steve Dennis

OCTOBER 14, 2024

I had several responsibilities, but by far the most important and vexing one was helping craft a turnaround strategy for Sears’s long-suffering department store business. Discount mass merchants like Walmart, Target, and Kohl’s were stealing away more value- and convenience-oriented customers.

eCommerce 88

eCommerce Department Stores Presentation Consumer Electronics 88

ROI Revolution

AUGUST 5, 2021

It’s not just that shoppers are spending more – it’s also that they’re making more digital payments and fewer cash payments. Contactless payments grew 37% YoY in Q2 2021 to account for 45% of global in-person transactions. When it comes to large retailers and department stores, 58.2% increase over 2019.

eCommerce 197

eCommerce Social Media Payment Services Merchant Services 197

ROI Revolution

DECEMBER 3, 2020

Also in Q2, Walmart’s ecommerce sales were up 97% YoY and Target grew its same-day fulfillment services by 273%. department stores may not survive the pandemic. Will the pandemic be the end of department stores? Department stores’ decline has been masked by the survivors like Macy’s […] But that gig is over.

eCommerce 156

eCommerce Social Media Small Business Retail Payment Services 156

ROI Revolution

OCTOBER 1, 2020

Also in Q2, Walmart’s ecommerce sales were up 97% YoY and Target grew its same-day fulfillment services by 273%. department stores may not survive the pandemic. Will the pandemic be the end of department stores? Department stores’ decline has been masked by the survivors like Macy’s […] But that gig is over.

eCommerce 193

eCommerce Payment Services Merchant Services Small Business Retail 193

ROI Revolution

NOVEMBER 4, 2020

Also in Q2, Walmart’s ecommerce sales were up 97% YoY and Target grew its same-day fulfillment services by 273%. department stores may not survive the pandemic. Will the pandemic be the end of department stores? Department stores’ decline has been masked by the survivors like Macy’s […] But that gig is over.

eCommerce 158

eCommerce Social Media Payment Services Merchant Services 158

ROI Revolution

DECEMBER 2, 2021

In-store sales were up nearly 43% over Black Friday 2020, with department stores up 86.4%. In August 2021, 66% of organizations were in the process of delaying their office reopenings. Facebook and Google channels drove growth several times that of online stores. of consumers say they shop in-store, while 31.9%

eCommerce 148

eCommerce Social Media Payments Payment Services 148

ROI Revolution

SEPTEMBER 9, 2020

department stores may not survive the pandemic. Will the pandemic be the end of department stores? Department stores have held strong to their fashion and apparel categories, but with apparel sales in a free fall across the board, many department stores are hurting as a result of COVID-19.

eCommerce 147

eCommerce Payment Services Merchant Services Small Business Retail 147

ROI Revolution

JANUARY 5, 2021

Walmart is also experimenting with new ways to streamline checkout processes to have less friction. According to eMarketer data , as of June 2020, 30% of consumers indicated interested in mobile payments up from 17% just three months before in March. The pandemic has also impacted the way consumers spend money on goods in services.

eCommerce 147

eCommerce Social Media Payment Services Merchant Services 147

ROI Revolution

JUNE 1, 2021

Touchless payment continues to grow. Contactless payment methods surged last year with the pandemic and consumers’ concerns around safety. Touchless transactions like proximity mobile payment, buy now pay later, & BOPIS all surged with COVID-19 and are continuing to see growth even as the pandemic subsides. June 1 update.

eCommerce 158

eCommerce Social Media Payment Services Merchant Services 158

ROI Revolution

JULY 1, 2021

Alternative payment options have surged over the past year and a half after the coronavirus pandemic pushed consumers to be wary about high-contact shopping. Buy now, pay later (BNPL) is one of the myriad alternative payment methods that has seen the most growth since last year, with BNPL adoption up more than 81% year-over-year.

eCommerce 148

eCommerce Social Media Payment Services Merchant Services 148

ROI Revolution

JANUARY 5, 2022

In light of changing habits brought on by the pandemic, buy now/pay later (BNPL) services are expected to grow 44% this holiday season over 2019, with apparel, electronics, and grocery coming in as the top categories. In-store sales were up nearly 43% over Black Friday 2020, with department stores up 86.4%. Mastercard).

eCommerce 78

eCommerce Social Media Payments Payment Services 78