7 Amazon-Obsessed Retail Predictions For 2019

BARBARA THAU | December 18, 2018

article image
Might the new-school goliath (or online bully, depending on your perspective), finally be getting a real kick in the competitive pants next year from old-school brick-and-mortar giant Walmart's transformative e-commerce moment?That might sound like a stretch, but casting retail predictions against the shadow of Amazon is not. Who are we kidding: The retail industry and we reporter types are obsessed with the e-tailer, which will generate $258.22 billion in U.S. retail sales this year, according to eMarketer. And what merchants do is often explicitly, implicitly or unwittingly, in response to Amazon. So it’s only fitting that we cast illusions of non-Amazon-obsessed thinking aside here, for some unapologetic Amazon-centric retail predictions for 2019.

Spotlight

iyzico

Founded in 2013, iyzico is the brainchild of German-born Turks, Barbaros Özbuğutu and Tahsin Isın, who moved from Germany to Turkey to set up the business. Started out with 3 people, iyzico is now Turkey’s fastest growing fintech company composed of more than 130 people providing secure payment solutions to online sellers of different sizes as well as online shoppers.

OTHER ARTICLES

Retail supply chains will be held liable for price gouging

Article | March 22, 2020

Texas Attorney General Ken Paxton today issued a stern warning to retail suppliers, including those who supply grocery stores and pharmacies, that state law strictly prohibits price gouging in the wake of a declared disaster. Price gouging laws apply to any person or entity selling necessities at an exorbitant or excessive price after a disaster has been declared by the Governor or President. This prohibition includes those who supply retailers. Under the Texas Deceptive Trade Practices Act, any price-gougers may be required to reimburse consumers and may be held liable for civil penalties of up to $10,000 per violation with an additional penalty of up to $250,000 if the affected consumers are elderly.

Read More

Fashion retailers may have to write-off £15bn worth of spring and summer stock

Article | March 22, 2020

Unprecedented volumes of clothing are building up in warehouses as fashion retailers are unable to sell their spring and summer stock. The majority of physical shops in the UK remain closed under the government’s current lockdown measures, with sales of non-food items down by 70 per cent according to research by Retail Economics and Alvarez & Marsal reported by the Times. The study found that more than 50 per cent of non-food retailers in the UK will likely run out of cash in the next six months, with all major non-food retailers operating in negative cash flow at present.

Read More

How Retail Security Can Welcome IoT Innovations Without Putting Customers at Risk

Article | March 22, 2020

Retail businesses, from mom-and-pop shops to major department stores, are investing heavily in technology to enhance the in-store experience. With the imminent arrival of mainstream 5G, smarter systems are expected to dominate the retail space as the internet of things (IoT) expands. But as we know from connected device deployments in other sectors, such as financial services and healthcare, the IoT is fraught with security vulnerabilities. For retail security, the risks of deploying IoT devices are no less dire. As organizations rely more on the IoT to enable internet connection at every stage of the retail process, protecting IoT infrastructure is critical. Getting on board with the right mindset can go a long way toward achieving a win-win for retail security.

Read More

Gap is the Latest Retailer to Get Into Resale, Partners With thredUP

Article | March 22, 2020

Gap is the latest retailer to dip its toes into the secondhand apparel market, following the lead of Macy’s, Nordstrom and others, in a bid to stay relevant in an industry shaken by changing consumer tastes. The company announced last week that it has partnered with resale platform thredUP, which bills itself as the largest online consignment and thrift store. In select Gap, Banana Republic, Athleta, and Janie and Jack stores, thredUP bags and labels will now be available for customers to mail in their clothes, in exchange for credits to use at Gap’s portfolio of stores. Macy’s, J.C. Penney and J.Crew’s Madewell brand have also partnered with thredUP in recent months.

Read More

Spotlight

iyzico

Founded in 2013, iyzico is the brainchild of German-born Turks, Barbaros Özbuğutu and Tahsin Isın, who moved from Germany to Turkey to set up the business. Started out with 3 people, iyzico is now Turkey’s fastest growing fintech company composed of more than 130 people providing secure payment solutions to online sellers of different sizes as well as online shoppers.

Events