The State of the Retail Thrift Industry

whitePaper | December 17, 2019

We are pleased to present the spring 2019 Bank of America Small Business Owner Report, a semiannual study that explores the perspectives, aspirations and concerns of small business owners around the country. This spring, entrepreneurs are reporting diminished confidence in the economy and growing concern for a variety of key economic issues, including health care costs, interest rates and the stock market.

whitePaper | April 30, 2022

According to PayPal’s Borderless Commerce Report, worldwide e-commerce is expected togrow 14.3% in 2021, with a 28% increase in new online shoppers. 1 Based on Visa’s latest Global Merchant E-commerce Study, 66% of e-commerce companies are selling products across borders, with cross-border sales accountingfor around one-third (31%) of their revenue on average. 2 Even though 87% of merchants believe their biggest growth potential lies with international online sales expansion, owners of small businesses expressed their reluctance to take actions to expand into new markets 3 Lacking interoperable payment solutions suitable for international trade is preventing merchants, especially small and medium-sized enterprises (SMEs), from tapping into international markets:

whitePaper | June 8, 2022

Bridging digital and in-store systems is a crucial aspect to many retailers strategy, and at the center of that you will usually find a Point of Sales system. But all POS systems aren’t created equally. And with it about to enter the high-performance league, this paper puts the case for a ’thin’ cloud-based PoS system, as a way of driving innovation, improving operations, unifying in-store and online experience — and cutting costs.

whitePaper | October 21, 2022

The ERP sector is a marketplace in which many solutions feature a common set of core functions. ERP providers differentiate themselves through specialized modules, vertical packages, UI design, tailored implementations, and service and support capabilities.

whitePaper | December 3, 2019

The retail landscape is experiencing unprecedented change in the face of disruptive forces, one of the most recent and powerful being the rapid rise of automation in the sector. The World Economic Forum predicts that 30-50% of retail jobs are at risk once known automation technologies are fully incorporated. This would result in the loss of about 6 million retail jobs and represents a greater percentage reduction than the manufacturing industry experienced. Using Osborne and Frey study1 with the Bureau of Labor Statistics, the analysis suggests that more than 7.5 million jobs are at high risk of computerization. A large proportion of the human capital represented by the retail workforce is therefore at risk of becoming “stranded workers.”

whitePaper | November 10, 2022

There are many ERP solutions for companies available and each is designed for companies in different industries and sub-sectors and to suit companies of different sizes.