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No-Deal Brexit Could Cause Grey Market Retail ‘Explosion’

PYMNTS

In the case of a no-deal Brexit, an “explosion” in grey market goods could occur per a U.K. retail expert. The term “grey marketreferences legitimate items sold through legal but unauthorized sellers; by contrast, a “black market” describes counterfeit products or illegally traded scarce goods, CNBC reported.

Marketing 123
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Retail 2021: The Five Things Retailers Should Be Talking About At NRF This Week

PYMNTS

Every year for the last 110 years , members of the retail trade group, known as the National Retail Federation (NRF), have assembled to discuss the slate of issues pertinent to its members. COVID-19, of course, didn’t cause physical retail’s steep decline — it just accelerated it. Retail is now about logistics and the last mile.

Retail 309
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A Referred Customer Is A Better Customer

PYMNTS

That’s an axiom that Extole , a San Francisco-based company that offers a refer-a-friend platform for mobile and web devices, has built an entire company around. Advocate marketing is the most reliable and effective method of digital and social marketing for retailers today,” Roche said in a statement.

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Activewear Brand Approaches D2C With A Purpose

PYMNTS

Anyone who works at fashion brand Bella+Canvas is familiar with the quote. Bella+Canvas is a California-based activewear brand with a unique mix of business models. Most recently, Bella+Canvas has opened a retail business, distributing its products through Nordstrom and other department stores. Its tagline: “Be different.”

Branding 165
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Retail Pulse: Luckin Taps Into Automated Retail; Little Caesars To Team With DoorDash

PYMNTS

Coffee retailers are tapping into digital technology that helps them grow their reach beyond their stores, especially in China, where competition has been brewing between Chinese coffee chain Luckin Coffee and Starbucks. And the “biggest attraction” of luckin popMINI is what the firm refers to as “eCcommerce Prices in Vending Machines.”

Retail 131
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COVID-19 Spikes Hinder Retail Recovery

PYMNTS

Back in late March when the pandemic first started to lock down retailing, PYMNTS published the first in a series of tracking reports showing clear evidence that the overwhelming factor in economic recovery would be one thing: COVID-19 and the ability to mitigate its effects. economist at Oxford Economics, wrote in an analysis on Thursday.

Retail 150
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Direct-To-Consumer Mattress Brands Go Cross-Channel

PYMNTS

There is no shortage of direct-to-consumer mattress brands as mattress sales move from brick-and-mortar retail to eCommerce. One brand, though, saw a market opportunity as brands like Casper and Leesa took off. But the brands currently on the market were a useful learning experience for Nectar.

Branding 128