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Retailers could soon turn to cryptocurrencies to minimise costs as Mastercard and Visa prepare to hike up interchange fees fivefold.
Card giant Mastercard announced in January that from October 15…
Read MoreUrban Outfitters sees 25% sales rise thanks to virtual appointment tech
Urban Outfitters has reported a 25 per cent rise in sales thanks to the introduction of virtual customer experiences through its platform.
The fashion retailer introduced virtual, email and socially…
Read MoreWaitrose to donate 1 million meals directly from suppliers in pioneering new scheme
Waitrose is launching a pioneering new initiative that will see over one million meals donated directly from its food suppliers.
Waitrose has partnered with food distribution charity FareShare and some…
Read MoreGameStop stocks skyrocket 100% again but analysts can’t work out why
GameStop stocks have once again skyrocketed on the US stock market more than doubling in a few hours, but analysts have no idea why.
The video game retailer saw its…
Read MoreEbay launches multi-million pound support package for businesses helping their community
Ebay has launched a new multi-million-pound training and support package for small businesses across the UK which support local communities.
“Ebay for Change” is set to be a new standalone…
Read MoreShopify integrates Alipay opening its users to “more than a billion” Chinese shoppers
Shopify merchants will now be able to receive payments through Alipay opening their stores to “more than a billion people in China”.
According to research published in January, 90 per…
Read MoreUK retailers’ rents could soon be based on online sales
Retailers which have seen their online revenues skyrocket during the pandemic could see their rents shoot up under a progressive new leasing model.
Under the newly proposed model, which is…
Read MoreMicrosoft confirms plans to buy TikTok despite imminent US ban
Microsoft is in talks to buy social media giant TikTok in the US just days after President Trump threatened to ban the app over security concerns.
Microsoft confirmed yesterday that…
Read MoreAlibaba founder Jack Ma offloads $9.6bn in stock
Alibaba’s co-founder Jack Ma has offloaded a whopping $9.6 billion (£7.61 billion) over the past year while his company’s share price has risen 40 per cent.
Ma, China’s richest man…
Read MoreEtsy sees share price triple to all time high to become one of the few retail winners of pandemic
Etsy’s stock price has more than tripled since mid-March and now stands at a record high marking one of the few retail success stories to emerge from the pandemic.
The…
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