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Why ‘buy now, pay later’ stocks fell in 2021, and what’s in store

Inside Retail

But if you took a punt and bought shares in any of them over 2021, there’s a good chance you’ve lost money. The state of the sector isn’t as bad, however, as suggested by news reports claiming stock have plunged an average of 80% in 2021. Which is bad for consumers, but potentially good for profits. Low profitability.

Marketing 130
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Breaking: Founder, CEO Julie Mathers to leave online retailer Flora & Fauna

Inside Retail

Stocking a range of vegan, cruelty-free and eco-friendly beauty, personal care, lifestyle, baby and kids, pet, food and health products, the online retailer quickly connected with consumers who shop with sustainability foremost in mind. . She ranked first in Inside Retail ’s Top 50 People in E-Commerce in 2019 and 2021.

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ACCC sues Uber for misleading fares, seeks $26 million penalty

Inside Retail

Australia’s competition watchdog is suing Uber Technologies and seeking a $26 million fine from the ride-hailing platform after it admitted to misleading consumers about ride fare estimates and cancellation fees. Reporting by Sameer Manekar and Savyata Mishra in Bengaluru; editing by Uttaresh.V, of Reuters.

Consumer 130
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From China to India, how the world’s retail markets stack up: report

Inside Retail

In an era marked by economic flux and shifting consumer preferences, the global retail landscape stands at a pivotal juncture, ripe with both challenges and opportunities. trillion in 2022 and grew at a CAGR of 8 per cent from 2017 to 2022. It was valued at $3.8 Estimates suggest China’s social commerce market enjoyed a 40.25

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Showfields and the bankruptcy of the ‘most interesting store in the world’

Inside Retail

How Showfields veered off course Showfields was co-founded in 2017 by Katie Hunt, Tal Zvi Nathanel , and Amir Zwickel. It acted as a platform for consumers to interact with and learn about a rotating variety of omnichannel and digitally native brands, by way of QR codes.

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Uber fined $21 million for misleading on fares and cancellation fees

Inside Retail

The Australian arm of the US ride-sharing app maker broke consumer law by misleading customers with warnings they would be charged for cancelling some rides from 2017 to 2021 and by using an inaccurate software algorithm to estimate fares for a taxi service it offered until August 2020, the Federal Court ruled.

Consumer 130
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All’s fair in love and lipstick: Beauty ‘dupes’ and how to beat them

Inside Retail

Change is scary, regardless of the industry you’re in, and so when something like this comes on so fast it’s natural to look at the negatives: Erosion in brand loyalty As consumers turn to more affordable alternatives, there is a fear that their attachment to the original products may weaken. million in 2021. million in 2021.

Consumer 147