This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
For a tradition that only dates to 2010, you have to hand it to SmallBusiness Saturday. And research shows that hundreds of millions of shoppers now turn out for SmallBusiness Saturday each year. But why is SmallBusiness Saturday so important? What is SmallBusiness Saturday?
A solid ecommerce return policy can make or break a sale or turn a visitor into a customer for life. In a survey by comScore and UPS, 63% of American consumers check the return policy before making a purchase and 48% would shop more with retailers that offer hassle-free returns. Refund & Return Policy Template.
The National Retail Federation (NRF) has named the five finalists for the title of America’s 2022 Retail Champion of the Year. The award , now in its sixth year, honors smallretailers who make a mark on public policy debates affecting the retail industry.
Retail theft is on the rise, and many businesses are grappling with the financial fallout. In recent months, The Home Depot, Foot Locker, Target and other retail giants have suggested that shoplifting is cutting significantly into their respective profits. This represents the greatest source of loss for retailers of all sizes.
The same study suggests this trend is only expected to continue: by 2027, the global retail ecommerce market is projected to grow by 39% and surpass the $8 trillion mark. As ecommerce sales continue to grow, so does the focus on logistics, enabling retailers to meet the rising demand for shipping. trillion in 2024 to $1.57
Since that time events precipitated by the COVID pandemic — including product shortages, high inflation and the closure of countless smallbusinesses — have only heightened consumers’ awareness of the current corporate power dynamics.
Nearly every major retailer has embraced consumer demands for quick and easy delivery. The rise of delivery services has made it easier for consumers to get purchases more quickly and for retailers to offer these services more widely. If adopted, the retail delivery fee would go into effect Jan.
Any delay in the claims process will cost your business money. Let’s say there is a flood at your retail storefront. Business owners insurance (better known as BOP) is a policy that combines liability and property into one package. It’s very common for small and mid-sized business owners across a wide range of industries.
The partnership aims to make it easier for retailers to create professionally printed materials to help them get back to business quickly and safely. More than 2,000 FedEx Office stores will now feature Canva’s image library and templates, which can be used to help retailers quickly design and print materials.
As a smallbusiness owner, managing supply chain issues is nothing new. Because smaller retailers cannot always order in bulk or far in advance like many larger retailers do, any supply chain disruptions are often felt faster and stronger by smallbusinesses.
Just in the time for the holiday shopping season, Google is debuting new features to help merchants capture consumers’ attention in search results, including a smallbusiness “tag,” generative AI tools for product imagery and a more detailed business information module in search results.
Seeking to bring in more smallbusiness clients, Instacart is making a limited time offer that will give SMBs in the U.S. Businesses have until Oct. We’re now taking it a step further by offering free Instacart+ to smallbusinesses in the U.S. and Canada free access to Instacart+ for a year.
Perhaps more than any other retailers, dropshipping businesses are most ripe for getting flagged by Facebook’s new feedback tool. Unfortunately, there are some ecommerce websites that may have intentionally swindled Facebook users and set off this new policy change. Click To Tweet.
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.
In May 2020, McKinsey issued a report stating while the COVID-19 pandemic was shaking up smallbusinesses across the board, it was disproportionately affecting minority-owned smallbusinesses. Think food services, retail and personal and laundry services, for instance. Reasons cited were that the country’s 1.1
Q: What specific steps should SMBs in the retail and ecommerce space take when evaluating AI tools, especially free or low-cost options? When reviewing agreements, look for AI tools that clearly explain their data usage policies and copyright compliance, such as not producing content that includes a famous face, landmark or logo.
The company is optimizing its search to showcase a broader range of items from more sellers, which will create more opportunities for its network of artisans and smallbusinesses to be seen.
By negotiating directly with merchants, we have reached a settlement with meaningful concessions that address true pain points smallbusinesses have identified,” said Kim Lawrence, President, North America at Visa in a statement. The settlement is subject to final approval by the Eastern District Court of New York.
For this reason alone, marketplaces have become crucial partners for smallbusinesses looking to acquire more customers and expand brand awareness. “It’s Marketplace and ecommerce experts offered their detailed best practices for a Retail TouchPoints Special Report. But what are the keys to finding the right fit?
The best appointment scheduling apps for smallbusiness allow for quick bookings online, simple organization on the backend, and automated notifications for confirmations, cancellations, and modifications. What is a SmallBusiness Appointment Scheduling App? Best Appointment Scheduling Apps for SmallBusiness.
The shoe retailer offers a wide 365-day window to process free returns. Return Policy and Procedure (RPP) As the name suggests, these are the guidelines you share with your customers regarding returns, exchanges, and refunds. A clear, visible, and customer-friendly return policy can actually increase conversions.
“Today’s suit makes clear the FTC’s focus has radically departed from its mission of protecting consumers and competition,” wrote David Sapolsky, SVP of Global Public Policy and General Counsel at Amazon. history,” said Stacy Mitchell, Co-Executive Director at the Institute for Local Self-Reliance in comments provided to Retail TouchPoints.
Research from Accenture shows that consumers are buying 72% more environmentally friendly products than they were five years ago, while IBM and the National Retail Federation found buyers are willing to pay around 35% more money for products from eco-friendly brands. The age of waste is over; the age of responsible business has begun.
But eCommerce retailers will perhaps remember the year for another reason: much of the world has been forced to switch online. As we’ve already discussed, this holiday season will be like no other so far, largely because so many retailbusinesses have shifted to eCommerce due to the COVID-19 pandemic.
Shein supplements its electronic data-mining system with online research and industrial surveillance of its retail competitors. Widespread copyright infringement is baked into the business.”
Abound , a curated wholesale marketplace designed to connect smallbusiness owners and independent brands in the U.S. All products on the Abound platform are listed at wholesale prices, and the platform also features a free return policy and net 60 sale terms for qualified buyers. “My and UK, has closed a $22.9
This means nearly any retailer can sign up for Google Shopping Actions and link their products without paying the 12% commission Google formerly collected on each sale. Retailers and advertisers have a unique opportunity to get incredible exposure for their products. Google has also dropped commissions for its Buy on Google program.
However, organizations such as the Retail Industry Leaders Association (RILA) , along with retailers including Gap and The Home Depot , have expressed support for the legislation in its current form. The proposed law would also require these sellers to indicate whether they are a manufacturer, importer, retailer or reseller.
Flat-rate processing is a simple solution for smallbusinesses, but interchange pricing is generally more affordable. Payment Depot is an example of an ISO, and while they usually have a more strict acceptance policy, they offer lower rates and user-friendly software compared to a direct processor. Integration. And more….
Consumers are spending more money online than they do in brick-and-mortar stores, particularly during the busy holiday season. But these same online shoppers do something else that all retailers hate: They fill up carts without making a purchase. By far one of the biggest misconceptions for many retailers revolves around free shipping.
In recent years, it seems as though the hard work and progress the LGBTQIA+ community has made is being reversed with new discriminatory laws and policies throughout the United States. ” Witness Oakland is a retail, workshop, and event space focused on community in downtown Oakland, California.
Conversely, trust in large and smallbusinesses has increased significantly since the pandemic. Complete confidence in smallbusinesses has nearly doubled since 2016 (from 21% to 39% ), and for big businesses it has increased more than 4X during that time, from 5% to 21%. Big businesses] win in selection as well.”.
Necessity forced the National Retail Federation Big Show from the physical world into the virtual one, but its reputation for insightful presentations from retail industry leaders drew a significant “crowd” despite the change of venue. The Power of Vision to Reshape Retail and the Customer Experience.
Amazon, along with other retail giants like Walmart and Target, experienced a huge surge in demand for these kinds of products at the onset of the virus. This policy was a huge burden for many sellers, especially those who only sold on Amazon. SmallBusiness Assistance. The SBA approved over 1.6
To comply with regulations and keep customers happy, some online businesses are revising their data policies. Mostly, these are small and mid-size businesses that assume they’re either exempt from laws or invisible to hackers seeking out bigger targets. To put it simply, website strength is business strength.
If you own a business, you are legally bound to take out certain policies, so this is a must. The post Taking your smallbusiness to the high street appeared first on 365 RETAIL | Retail Technology News. Do you have any tips you’d like to share with our other readers? Let us know in the comments section.
A healthy cash flow is the lifeblood of any business but is especially important for fledgling small and medium-sized businesses, which account for 99.7% of all businesses in the U.S.A. And yet, cash flow is one of the top smallbusiness killers. Proven tips to improve cash flow for your retailbusiness.
A healthy cash flow is the lifeblood of any business but is especially important for fledgling small and medium-sized businesses, which account for 99.7% of all businesses in the U.S.A. And yet, cash flow is one of the top smallbusiness killers. Proven tips to improve cash flow for your retailbusiness.
If the store has a return policy with clearly defined return or exchange terms in advance, it eliminates any confusion in the minds of customers and staff. . A return policy is not only important to better regulate exchange and return conditions, but it can also give you an edge over the competition. What is a return policy?
If the store has a return policy with clearly defined return or exchange terms in advance, it eliminates any confusion in the minds of customers and staff. . A return policy is not only important to better regulate exchange and return conditions, but it can also give you an edge over the competition. What is a return policy?
More commonly, though, are the cases in which a smallbusiness invests time and resources in a long-term approach. Services like Printify, Printful, and Lulu Xpress bring smallbusinesses quality and well-integrated options. Consider doing the same with another retail store. Go Offline in Other Ways, Too.
Create Your Shipping and Refund Policy. Technology has changed a lot of things, including retail. The cost of managing a physical store is expensive, even for smallbusinesses. So, it doesn’t matter if the business isn’t making a profit. Take Pictures of Your Inventory. Determine Your Shipping Costs. Reduce Losses.
As 2025 beckons, slight economic improvements such as easing inflation are tempered by high interest rates and cost-of-living pressures that continue to impact both consumers and smallbusinesses. For many online retailers, higher National Insurance contributions and new tax policies are adding to operational costs.
In 2017, holiday season sales accounted for more than one-quarter of total annual retail sales, rising 5.5% In 2018, holiday sales predictions from the National Retail Federation are at an increase over 2017 of 3.3% holiday retail sales increase is again conservative. Unemployment is at near historic lows. over 2016 to $691.9
We organize all of the trending information in your field so you don't have to. Join 24,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content