Brexit: 2019 worst year ever for British retail sales

| January 9, 2020

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The year 2019 was the worst year on record for the United Kingdom's retail industry, according to new figures from the British retail consortium.  Uncertainty over Brexit, online shopping and high street closures all had an impact on what is usually the most resilient sector of the UK economy.

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Credorax

Credorax is a Fintech company & Merchant Acquiring Bank.We specialize in cross-border eCommerce payments. We provide digital acquiring services to some of the eCommerce industries hottest companies.

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How IoT is transforming the retail industry in 2020?

Article | March 4, 2020

The retail industry has experienced a rapid transformation in the last 20 years. And like other industries, the retail industry is also embracing the Internet of Things (IoT) technology for the innovative opportunities it offers. In fact, IoT has already been embraced in retail all around the world. For instance, the IoT in the retail market has been increasing at a whopping 20% CAGR since 2015 and it is forecasted to reach $35 billion in 2020. That being said, let’s examine the top 4 opportunities IoT technology holds for the retail industry in the year 2020 and how you can capitalize on them. Retailers that have embraced the IoT technology have already experienced benefits like reduced costs, improvement in overall performance, and enhanced customer experience.

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Grow your retail business with new customer trends

Article | March 4, 2020

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How Amazon’s Cashierless Tech Will (Or Won’t) Change The Physical Retail Landscape

Article | March 4, 2020

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How In-Store Brands Are Taking Over In-Store

Article | March 4, 2020

CPG companies have been feeling the pain from store brands for close to a decade now. Increased quality, curated offerings and better graphics have all led shoppers to try and in many cases then switch to the store brand offering. The latest salvo in this war is about data. Supermarkets used to rely heavily on data and insights on everything from shelf placement to how to market and promote foods from the likes of their CPG partners as well as Nielsen and IRI, to name just a couple. Then "category captains" were created. Usually staffed from the leading CPG brand and headquartered at the retailer’s location, those CPG companies offered retailers insights and recommendations on how to sell more product across the entire category—not just their own brand. Those positions are being eliminated. The source and quality of data has changed. Grocers are relying on their own proprietary research to decide how and where and at what price to place products—their own brands as well as those from CPG.

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Credorax

Credorax is a Fintech company & Merchant Acquiring Bank.We specialize in cross-border eCommerce payments. We provide digital acquiring services to some of the eCommerce industries hottest companies.

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