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BNPL: It’s been a hit for consumers and now businesses get their turn

Inside Retail

Buy now pay later (BNPL) services have quickly become commonplace for consumers. Company reports for ASX-listed BNPL providers outline that the value of BNPL transactions grew by 55 per cent in 2019-20 , and in the last two financial years, BNPL transactions have tripled. Increase payment terms without restricting your cash flow.

Consumer 246
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Suppliers: How to get your retail business customers to pay you quicker

Inside Retail

Options such as buy now, pay later (BNPL) services were first introduced to business to consumer (B2C) transactions, giving customers the ability to access products and services they need today while paying at a later date or over a series of instalments. . Boost cash flow. Flexible payments will improve your cash flow management.

Flow 355
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Ksubi’s return to Australian shores with Bondi Beach House and what’s next

Inside Retail

Overseas secret Ksubi sauce After a colourful few years operating in Australia, where its internal workings became quite public, Ksubi focused on growing the streetwear brand overseas and gained a cult following of celebrities, tastemakers and loyal consumers.

Fashion 273
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2023 economy: growth rate slows as regulators battle inflation

Inside Retail

For consumers, there is a very strong desire to get out and enjoy life. per cent in September 2022 only slightly above 2019 levels and well down from the 2020 high of about 24 per cent, suggesting that the amount of dry powder in consumers wallets is declining. per cent last year, with the economy growing by an estimated 6.5

Flow 246
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Unconventional luxury brand collaborations are everywhere. Here’s why

Inside Retail

The iconic brand raised interest again when, in 2019, it partnered with the video game franchise League of Legends. Part of the reason is their success with young Asian consumers, who are driving demand for luxury consumer goods. Business managers call this approach the luxury strategy.

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Tiffany, now owned by LVMH, reopens on a Fifth Avenue in flux

Inside Retail

Real estate experts say the flow of cash is part of a bid to re-imagine an area of Midtown that extends from 49th Street to the Plaza Hotel and includes Fifth and Madison Avenues. million international visitors in 2019, according to the New York City Tourism and Conventions bureau. in the first quarter of 2019 to 3.8%

Flow 130
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Retailers now have a smarter way to accept payments

Inside Retail

According to recent CommBank data, card spending was up 16 per cent in the week ending 15 October 2021, compared to the corresponding week in pre-pandemic 2019 (Source: CommBank Weekly Card Spend data ). This uptick looks set to continue as we head into the holiday season and consumers return in-store.

Flow 147