In today’s top retail news, retailers and industry watchers are elevating supply chain concerns ahead of the holiday shopping season, while buy now, pay later (BNPL) firm Klarna partners with an online luxury and fashion brand. Also, Walmart and Amazon will be forced to face an antitrust probe in India after the country’s Supreme Court ruled against them, and direct-to-consumer (D2C) brands are seeing opportunity in a fractured swimwear market.
Supply Chain Concerns Rise As Focus Shifts To Holiday Shopping
Despite millions of dollars invested to boost overseas manufacturing and alleviate shipping congestion, the spread of COVID-19 and its variants continue to wreak havoc as retailers prepare for the holiday shopping season. Ben Hackett, the founder of international trade consultancy Hackett Associates, said part of the problem is the strain of the U.S. economic expansion, which is putting “considerable pressure on the logistics supply chain.”
BNPL Firm Klarna Partners With YOOX NET-A-PORTER
Klarna is launching a new partnership with online luxury and fashion brand YOOX NET-A-PORTER, allowing the merchant’s customers to purchase clothing and accessories in three- or four-month installments. Klarna said its services have been rolled out across YOOX’s group, beginning with MR PORTER in the U.S., Austria, Germany, the U.K., the Netherlands, Spain, Belgium and Finland.
Walmart, Amazon To Face Indian Antitrust Probe
Amazon and Walmart will face antitrust probes in India over their eCommerce practices, the country’s Supreme Court has ruled. The ruling stems from an investigation ordered last year by the Competition Commission of India into whether Amazon and Walmart’s Indian eCommerce arm, Flipkart, promoted select sellers on their platforms and used tactics that hindered competition. The two companies said they will cooperate but have denied wrongdoing and have fought legal battles against the investigation.
Fragmented Swimwear Market Leaves Opening For D2C Brands
The swimwear market is very fragmented, with people shopping more for style than for a specific label, and to Melanie Travis, founder and CEO of D2C brand Andie, that means opportunity. The only major swimwear player is Speedo, she told PYMNTS, which is “quite different than Andie,” founded in 2017 and catering to millennial and Generation Z women. “It’s such a fractured landscape, and what gets me so excited about the future is to build a truly generation-defining swimwear brand,” Travis said.
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PYMNTS DATA: 100 HEALTHCARE EXECS SPEAK OUT ON USING AI TO CURB FRAUD, WASTE AND ABUSE
About: Healthcare firms are losing 12 percent of their annual revenues to fraud, waste and abuse (FWA), yet few utilize artificial intelligence (AI) to address these issues due to cost concerns. In AI In Focus: Targeting Fraud, Waste And Abuse In Healthcare, PYMNTS surveyed 100 healthcare executives to learn how AI could actually help firms unlock savings by curbing costly false claims and false positives.
In in the present day’s high retail information, retailers and trade watchers are elevating provide chain issues forward of the vacation procuring season, whereas purchase now, pay later (BNPL) agency Klarna companions with an internet luxurious and trend model. Additionally, Walmart and Amazon shall be compelled to face an antitrust probe in India after the nation’s Supreme Courtroom dominated in opposition to them, and direct-to-consumer (D2C) manufacturers are seeing alternative in a fractured swimwear market.
Provide Chain Issues Rise As Focus Shifts To Vacation Procuring
Regardless of thousands and thousands of {dollars} invested to spice up abroad manufacturing and alleviate transport congestion, the unfold of COVID-19 and its variants proceed to wreak havoc as retailers put together for the vacation procuring season. Ben Hackett, the founding father of worldwide commerce consultancy Hackett Associates, stated a part of the issue is the pressure of the U.S. financial enlargement, which is placing “appreciable strain on the logistics provide chain.”
BNPL Agency Klarna Companions With YOOX NET-A-PORTER
Klarna is launching a brand new partnership with on-line luxurious and trend model YOOX NET-A-PORTER, permitting the service provider’s clients to buy clothes and niknaks in three- or four-month installments. Klarna stated its companies have been rolled out throughout YOOX’s group, starting with MR PORTER within the U.S., Austria, Germany, the U.Okay., the Netherlands, Spain, Belgium and Finland.
Walmart, Amazon To Face Indian Antitrust Probe
Amazon and Walmart will face antitrust probes in India over their eCommerce practices, the nation’s Supreme Courtroom has dominated. The ruling stems from an investigation ordered final yr by the Competitors Fee of India into whether or not Amazon and Walmart’s Indian eCommerce arm, Flipkart, promoted choose sellers on their platforms and used ways that hindered competitors. The 2 firms stated they may cooperate however have denied wrongdoing and have fought authorized battles in opposition to the investigation.
Fragmented Swimwear Market Leaves Opening For D2C Manufacturers
The swimwear market may be very fragmented, with individuals procuring extra for type than for a particular label, and to Melanie Travis, founder and CEO of D2C model Andie, which means alternative. The one main swimwear participant is Speedo, she informed PYMNTS, which is “fairly totally different than Andie,” based in 2017 and catering to millennial and Era Z ladies. “It’s such a fractured panorama, and what will get me so excited concerning the future is to construct a really generation-defining swimwear model,” Travis stated.
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PYMNTS DATA: 100 HEALTHCARE EXECS SPEAK OUT ON USING AI TO CURB FRAUD, WASTE AND ABUSE
About: Healthcare companies are shedding 12 p.c of their annual revenues to fraud, waste and abuse (FWA), but few make the most of synthetic intelligence (AI) to deal with these points attributable to price issues. In AI In Focus: Focusing on Fraud, Waste And Abuse In Healthcare, PYMNTS surveyed 100 healthcare executives to find out how AI might really assist companies unlock financial savings by curbing pricey false claims and false positives.
