The year of 2020, full of restrictions and limitations placed on retailers and consumers, saw a wave of innovation and growth in how and where merchants offered their services and products to shoppers. But how will retailers adapt in 2021 and beyond? […]
Automotive service providers and their customers have been facing a parade of uncertainties over the last year. Many of these customers have had to make tough decisions between repairing their vehicles or paying for other personal expenses, such as rent or groceries. A recent survey by LendingTree found that 28% of American drivers said they would be unable to pay for a $500 car repair without going into debt and that nearly 6 in 10 drivers have skipped a necessary car repair because they were unable to afford it. […]
Recently Kathy Gramling, Jeff Orschell, and Joshua Chernoff of the Harvard Business Review released the article, “How E-Commerce Fits into Retail’s post-pandemic Future”, which explored the growth and trends that began with COVID-19 and how customers are choosing to shop and interact with brands in 2021. […]
Credit Options Abound for Furniture Purchasers Recently, Joseph Dobrian over at Furniture Today spoke with industry leaders to talk about the prospects for consumer financing in the near future. The article featured Versatile Credit President & COO Vicki Turjan, as well as many of our fantastic platform partners, including Snap Finance, TD Bank, Progressive Leasing, and Synchrony. […]
Since 2000 the percentage of retail sales conducted through ECommerce have grown 1% per year. According to Scott Galloway in his book, “Post Corona, From Crisis to Opportunity”, as of March 2020 18% of retail sales were conducted online through E-Commerce websites. When would-be customers were forced inside and retailers temporarily shut down, E-Commerce sales experienced a 10% growth, to 28%, in a matter of only eight weeks. […]
Recently on Business Insider, Ian Black, managing director at Shopify, shared his thoughts on recent retail trends, including the importance of a comprehensive omnichannel strategy. […]
Many states throughout the country have issued “Stay at Home” orders in response to the COVID-19 outbreak, and as the vast majority of our fellow citizens comply, that has motivated forward thinking […]
Most retailers enjoy a relationship with a primary credit lender who is able to provide credit to a majority of customers applying. Unfortunately, there are still a large number of potential customers who are declined financing and end up leaving the store without being able to make a purchase. […]
Recent events have led to unexpected business interruptions for many retailers. Consumers are staying at home, driving traffic away from physical brick-and-mortar locations to eCommerce sites, where growth rates are already rising by nearly […]
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Many states throughout the country have issued “Stay at Home” orders in response to the COVID-19 outbreak, and as the vast majority of our fellow citizens comply, that has motivated forward thinking retailers to re-evaluate their in-store experiences and interactions between customers, employees, and their physical storefronts […]
Recent events have led to unexpected business interruptions for many retailers. Consumers are staying at home, driving traffic away from physical brick-and-mortar locations to eCommerce sites, where growth rates are already rising by nearly 52% this year, according to Quantum Metric. This has led retailers to explore options to provide consumers with consistent shopping experiences both in-store and online, as well as ways to ensure the business continuity of their financing programs […]
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