Nerd Wallet

APRIL 8, 2021

Retail businesses have unique challenges, not the least of which is business accounting — especially for inventory. Discover the ins and outs of retail accounting to help you stay on top of your bottom line. MORE: NerdWallet’s best small-business apps Understanding retail accounting The term “retail accounting” is a bit of a misnomer.

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Retail 80

Nerd Wallet

SEPTEMBER 19, 2022

Even though we’re only at the tail end of summer, retailers have already spent months gearing up for the holiday shopping season. And due to a tornado of factors — including inflation, supply-chain woes and consumer spending habits that changed during COVID-19 lockdowns — retailers are looking ahead to a shopping season that promises to.

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Retail 92

Nerd Wallet

MAY 5, 2021

Lightspeed Retail is a point-of-sale system for brick-and-mortar retailers, providing both the software and hardware a business owner needs to run transactions. Lightspeed Retail is a good match for medium and large-sized businesses —. Lightspeed Retail is a good match for medium and large-sized businesses —.

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Retail 91

Nerd Wallet

SEPTEMBER 15, 2021

Most retail stores should have general liability and commercial property insurance to protect their businesses against common risks, such as customer injuries and property damage. In fact, in order to rent retail space, a landlord may require proof of both types of small-business insurance before approving your lease application.

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Retail 97

Credit Corp

OCTOBER 21, 2021

In the wake of the Covid-19 pandemic, the world of retail investing has experienced a growing number of new arrivals looking to place their money in the stocks and shares that they believe in. One of the most significant issues that retail investors can face stems from allowing their emotions to control their decisions.

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Nerd Wallet

MAY 19, 2022

The BlockFi Rewards Visa® Signature Credit Card is adding retail offers to the card’s rewards program, allowing cardholders to earn up to 10% back in cryptocurrency. The article BlockFi Credit Card Adds Retail Offers for Bigger Rewards originally appeared on NerdWallet. back in cryptocurrency for each dollar of purchases.

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Retail 72

UK debt collections

MARCH 29, 2023

Liquidators have listed 61 creditors owed a combined total of £1.14m after luxury car retailer Autovogue slipped into liquidation this month. A statement posted via the Autovogue website at the time apologised to customers and listed a number of reasons for the business’s failure.

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Retail Trade Manufacturing Creditors 59

Collection Industry News

APRIL 24, 2024

April 22 (Reuters) – Fashion retailer Express Inc (EXPR.PK), opens new tab has filed for Chapter 11 bankruptcy in the United States and intends to close more than 100 stores, it said on Monday. The post Apparel retailer Express files for US bankruptcy protection, to close over 100 stores appeared first on Collection Industry News.

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Retail Bankruptcy Lender Collections 40

Nerd Wallet

MAY 7, 2021

Square for Retail is a point-of-sale system designed specifically for brick-and-mortar and online retailers of all sizes. The article Square for Retail POS Review 2021: Pricing, Features, Alternatives originally appeared on NerdWallet. Matthew Speiser writes for NerdWallet. Email: mspeiser+wpguestuser@nerdwallet.com.

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Retail 61

Fico Collections

APRIL 29, 2022

There’s a lot going on in the retail payments space – defined as transactions between two consumers, between consumers and businesses, or between two businesses. Some of the changes are related to new digital payments methods like P2P apps, tap-to-pay, and cryptocurrency, which are all growing options in retail environments.

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Retail Banks Financial Institution Trade 52

Nerd Wallet

APRIL 8, 2021

Opening a retail store is a big accomplishment. To enjoy any possible profits of your retail store, however, you have to remain organized and properly manage your finances — making the right retail accounting software essential. How do you determine which business accounting software is right for you?

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Retail 54

Account Recovery

DECEMBER 3, 2024

The background: The case began when the plaintiff received a letter from the defendant that attempted to collect on a retail credit card debt for which the credit card was issued by a financial institution. The plaintiff defaulted on his payments to the institution, which subsequently referred the debt to the defendant for collection.

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Nerd Wallet

NOVEMBER 29, 0002

Picking the best retail business loan for your specific needs means knowing where to look. We suggest you start with the top six business loans for retail: SBA 7(a) loans. The article The 6 Best Retail Business Loans, According to Your Needs originally appeared on NerdWallet. Best for general expenses. SBA 504/CDC loans.

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Retail Loans 52

Public Citizen

APRIL 12, 2022

Nineteen testers—Black and white females and males, were recruited and trained to return pre-purchased, unworn clothing items (without receipts) to approximately sixty retail stores in Chicago. Overall, more than 200 audits were conducted and analyzed in this study.

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Retail 45

Nerd Wallet

MAY 7, 2021

If you’re thinking about starting a business in the retail industry, you’re in good company. Although local retailers don’t get the same level of attention as nationwide brands do, small retail businesses actually make up the vast majority of all U.S. retail businesses. Sally Lauckner writes for NerdWallet.

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Retail 52

Burr Forman

MAY 4, 2021

Tobacco manufacturers and distributors have long made refund/rebate payments to retailers for the retailer’s purchase of cigarettes and other tobacco products from the manufacturer, provided the retailer reduces the price of the cigarettes and other tobacco products sold to the retailer’s customers.

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Retail Manufacturing 52

Collection Industry News

JANUARY 14, 2023

January is typically an overlooked month for retailers. The next few weeks, which close out many retailers’ fiscal year, could help determine whether the holiday quarter is a win or a bust. January could also set the tone for 2023 — when some economists and retail industry watchers anticipate the U.S. will tip into a recession.

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Retail Manufacturing Collections 40

Fico Collections

NOVEMBER 30, 2022

Profitability and Customer Financial Health in Retail Banking. In my recent Forbes article , I explored a vision for the future of retail banking where the customer’s complete financial wellness is at the center of decision making. Here’s how to strike a balance that delivers long-term benefits for customers' financial health.

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Retail Banks Loans Financial services 52

Prosperity Now

MARCH 21, 2023

With support from the Walmart Foundation, Prosperity Now will be accepting request for proposals through April 1 st – April

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Retail 98

Prosperity Now

MARCH 21, 2023

With support from Walmart, Prosperity Now will be accepting proposals from April 1st through April 30th from CDFIs and Entrepreneurial

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Retail 98

Account Recovery

AUGUST 21, 2024

By the numbers: The big shift: Credit card usage within digital wallets has declined significantly, dropping from 28% of retail transactions in December 2021 to just 15% in June 2024. PayPal usage has also fallen, from 25% to 18% of digital wallet retail transactions.

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Retail Collections 130

Account Recovery

FEBRUARY 28, 2024

The Background: Chime Financial sits between consumers and financial institutions and provides consumers with access to retail […] The California Department of Financial Protection & Innovation has fined a fintech company $2.5

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Financial Institution Retail 264

Fico Collections

MAY 20, 2021

I’m very pleased to announce the release of the FICO® Falcon® Fraud Manager Retail Banking Consumer v3.0 model, which adds a Scam Detection Score to Falcon’s existing third-party fraud detection score for retail banking transfers. How Scams Differ from Third-Party Fraudulent Transfers. While the original v2.0

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Retail Banks Trade 52

Account Recovery

DECEMBER 3, 2024

A more seamless setup process and greater acceptance across retailers could boost adoption further. Many consumers fear the initial setup complexity of digital wallets. Additionally, inconsistent merchant acceptance continues to hinder widespread usage.

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Account Recovery

NOVEMBER 18, 2021

Take retail-branded credit cards, for example. In the case below, there is a genuine issue whether the statute of limitations on retail-branded credit cards is four years, or six years. Questions about which statute of limitations can apply to different types of debt can plague a collection operation.

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Retail Collections 246

UK debt collections

NOVEMBER 19, 2024

In May 2020, during the height of the pandemic, internet sales made up 34% of all retail sales. By July 2024 online sales were only 28% of all retail sales. Some online retailers are also beginning to charge customers for returning goods bought online, to reduce their own losses.

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Retail 80

Troutman Sanders

JUNE 25, 2021

The law applies to food and drink establishments, places of entertainment, and retail stores in New York City that collect, retain, convert, store, or share biometric identifier information ( e.g. , retina or iris scans, fingerprints, voiceprints, and hand scans) from customers. Such signage must use plain, simple language.

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Retail Financial Institution Government Trade 52

Troutman Sanders

JANUARY 5, 2021

Based on the state attorneys general’s Assurance of Voluntary Compliance , CafePress — an online retailer of customizable apparel, mugs, and other consumer products —– was the victim of a cyberattack on or before February 19, 2019. Background.

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Retail Retrieval Judgment Collections 52

Account Recovery

MAY 22, 2024

The Maryland Department of Labor’s Office of Financial Regulation has announced a settlement with a number of companies now owned by the Bank of Missouri for not being properly licensed in the state to provide retail credit services and for engaging in unlicensed and unregulated debt collection activities.

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Debt collector Retail Banks Collections 130

Account Recovery

JULY 5, 2024

The Court of Appeals for the Seventh Circuit has overturned a lower court’s dismissal of a suit accusing a retailer of violating the Illinois Consumer Fraud and Deceptive Business Practices Act and the Illinois Deceptive Trade Practices Act on the grounds of what constitutes “reasonable […]

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Retail Lawyers Trade Collections 130

Account Recovery

APRIL 24, 2024

A fintech company backed by Walmart has started offering BNPL inside some of the retail giants brick-and-mortar stores on purchases of at least $100. Want more proof that the Buy Now, Pay Later (BNPL) craze isn’t going away anytime soon?

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Retail 130

Account Recovery

AUGUST 29, 2022

The Attorney General of California has fined a retailer $1.2 million to resolve allegations it violated the California Consumer Privacy Act, while also announcing that other businesses are being notified of not complying with the CCPA, specifically failing to process consumer opt-out requests made via user-enabled global privacy controls.

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Retail 246

Account Recovery

AUGUST 28, 2024

By the numbers: The eCommerce sector experienced a failure rate exceeding 10% for online transactions in the past year, resulting in $31 billion in lost retail sales in Q3 2023 alone.

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Retail Collections 130

Account Recovery

JUNE 17, 2022

More than half of all consumers across the country are going into debt, borrowing money, or using their savings to cover their expenses right now as a result of higher prices for everything from gas to groceries, according to the results of a survey conducted by the National Retail Federation.

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Retail 246

Account Recovery

OCTOBER 15, 2024

retail banking consumers now seek financial advice from their banks, up from previous years. According to a PYMNTS Intelligence report, 79% of these younger users rely on algorithm-curated advice, marking a significant departure from traditional sources like banks or financial advisors. The report notes that 53% of U.S.

Credit Unions 130

Credit Unions Credit Unions Retail Banks 130

Public Citizen

APRIL 13, 2022

The Conversation has an interesting piece titled S tore credit cards generate corporate profits and disgruntled workers , by a pair of sociology professors, Joya Misra and Kyla Walters. Excerpt: Major apparel companies also sell credit, often with very high fees, like  The Gap’s  21.7%

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Retail 81

Account Recovery

NOVEMBER 29, 2023

The Who: Rent-A-Center is among the nation’s largest rent-to-own retailers, operating more than 40 locations in Massachusetts, many of which are in predominantly low-income communities and communities of […] The Attorney General of Massachusetts yesterday announced an $8.75

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Creditors Collections Retail 130