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EMV greatly reduces the impact of in-store fraud, as the new cards with embedded chips generate a unique token for each transaction, making them difficult or impossible to counterfeit. But by almost all estimations, the U.S.’s move to EMV will lead to massive increases in ecommerce fraud, perhaps even more so than countries like the U.K. and Australia.
The 2015 LexisNexis True Cost of Fraud study offers important insights into the profound effects of fraud on merchants, consumers and financial institutions. It establishes the actual cost of fraud as witnessed by merchants and provides key findings and specific recommendations for the industry.
American Eagle Outfitters wants to be an omnichannel player in Western Europe, and hopes its success launching in the U.K. will be its springboard to success.
As Norm MacDonald pointed out several times from the Saturday Night Live Weekend Update desk, Germans love David Hasselhoff. eBay is also hoping Germans also love free shipping, and is getting ready to launch eBay Plus, which would rival Amazon Prime there.
ChannelAdvisor has found that nearly 60 percent of respondents plan to start their holiday promotions in September or sooner, and almost a quarter (24 percent) of respondents are planning to offer more holiday promotions than last year as a strategy to increase their 2015 holiday sales.
On September 9, in the United States, eBay will launch an exclusive Deals promotion – 20 Days of Deals – delivering daily access to what eBay says will be incredible deals from featured sellers.
Chico’s FAS has announced it is exploring strategic alternatives for Boston Proper, the direct-to-customer women’s apparel retailer it acquired for $205 million just four years ago. Here’s a look at this weeks’ news, commentary and events that shaped the direct-to-customer world… and more.
bebe stores, inc. has signed a strategic cooperation agreement with Longgoal LLC, a Shanghai-based agency of international high-end brands. The agreement includes a five-year exclusive license to open between 60 and 150 retail and wholesale bebe points of distribution in Greater China, Hong Kong, Macau and Taiwan. The first boutique is expected to open in the summer of 2016.
Blue Nile’s second quarter sales were up 7%, and president and CEO Harvey Kanter said that included a 15% growth in international sales, adjusted for currency. Even more impressive is Blue Nile’s sales in China: The specialty jeweler’s sales grew 59% there. Here’s how.
U.S.-based ecommerce merchants have to figure out how to take this very small part of its business and grow their cross-border sales. And unless you’re a global brand, and you already have some sort of global distribution in place, you should seriously consider using a third-party partner to get your cross-border strategy in place.
by Tim Parry
Posted 5 hours ago
Posted 4 days ago