New retail study uncovers the cost of queuing Long queues = £14.3 billion in lost sales Did you know how much long queues were costing your business? In the past 12 months, European retailers lost £14.3 billion because of exasperated shoppers abandoning purchases. Luckily today, technology can help you remove this expensive pain-point.
Shoppers will have to enter their PIN number after five consecutive contactless payments as under new measures designed to tackle contactless fraud. Under new European Union legislation, set to come into effect in September 2019, shoppers will be required to enter their PIN number every five payments, or after every time you spend of €150 (£132).
The new 25 percent tariffs in place on American jeans in the European Union and a trade war with China, could spell trouble for Levi Strauss & Co. and other iconic American brands.
The Canadian retailer said it was exploring a deal with a major European rival, but denied reports that it already had signed an agreement.
Congrats on the rebrand! Tell us a bit about the journey to become Loqate.
The international CO2 shortage is beginning to take its toll on the retail sector as suppliers and grocers alike try to minimise the impact on consumers. Wholesaler Booker, which was recently acquired by Tesco, has limited the sale of some lines due to the shortage. Although Tesco said that the shortage had so far not resulted in any availability issues on any product lines its wholesale partner, which supplies pubs and restaurants has been forced to limit sales of beer to 10 cases per customer
The online marketplaces, along with Alibaba and Rakuten-France, have signed a European Commission Product Safety Pledge that promises to rein in dangerous and fake product listings.
H&M has officially opened the first store for Afound, its brand new discount fashion brand and ninth overall. The first Afound store is in Stockholm, with a second set to open in Malmö soon. Sales via Afound’s online Swedish marketplace have launched in parallel with the opening of the stores
The bankrupt company is also seeing better-than-expected proceeds from the wind-downs of its European and American businesses, attorneys said in court.
Claire’s Accessories has sought to reassure customers that its UK operations will not be affected by its US counterpart’s bankruptcy filing. Earlier this week it was reported that the accessories retailer, which trades from 378 stores and 128 concessions across the UK, was preparing for bankruptcy as it struggled to tackle its £1.4 billion debt pile