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Why Asian e-commerce giant GoTo is cutting costs despite top-line growth

Inside Retail

For GoTo, the company formed in May 2021 by a merger between Tokopedia and Gojek, 2022 is shaping up to be the year that it has made serious strides toward profitability. Preceding that though, it also announced that as part of an organisational review it was reducing its headcount by about 1,300 people, or 12 per cent.

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Creating a Contactless Retail Experience in 2022

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Each successive variant is reinforcing retail shopping habits and preferences formed at the beginning of the pandemic. grocery store shoppers are most concerned about a perceived threat of contracting the virus from other customers 1. As a comparison, the average wait time for curbside pick up hovers between 8-12 minutes.

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How the beauty and sexual wellness industries became so intertwined

Inside Retail

In recent years, these and other sexual wellness products have been popping up on the physical and virtual shelves of many mainstream beauty retailers, such as Sephora and Ulta Beauty. Other mainstream retailers that have added intimate care divisions in the past few years include Bluemercury, Neiman Marcus, Nordstrom, and Bergdorf Goodman.

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The 5 Best Apple Products You Can Buy in 2023

Retail Focus

Despite having a relatively good year for new Apple products in 2022, Mark Gurman of Bloomberg claims that the company may not be able to produce much excitement around new products for the remainder of the year. Details about the device, including its price and form factor, still need to be discovered. 14-inch iPad Pro Since the 12.9-inch

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Inventory Shrinkage: How to Control a Persistent Problem

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inventory loss) accounted for close to $100 billion in losses in 2022. Though criminal intent is a major source of the problem, inventory shrink can be caused by other factors too. Consider using loyalty numbers or another form of ID to track customers who return items frequently. 2 How should businesses deal with this problem?

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Battle of the superapps: GoTo vs Sea in Indonesia

Inside Retail

Although both superapps boast a number of digital services, the main business lines are e-commerce, on-demand services (primarily ride-hailing and food delivery) and fintech (financial services, consisting mainly of e-payment systems). The company has 2.5 At that time, three players – Tokopedia, Lazada, and Bukalapak – owned the market.

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Inside Shinsegae: The Korean department store with a golden boot

Inside Retail

Shinsegae — one of the Big 3 of Korean department store retailing along with Lotte and Hyundai — has continued its great form right through into the second half of the year, helped by the removal of the country’s remaining pandemic restrictions and an increasingly buoyant mood among the country’s more affluent consumers.