“Will the ‘Buy Now, Pay Later’ model overcome economic and regulatory challenges?” by Tom Ryan via Retail Wire

“Will the ‘Buy Now, Pay Later’ model overcome economic and regulatory challenges?” by Tom Ryan via Retail Wire

“Buy Now, Pay Later” (BNPL) services, such as Affirm, Afterpay, Clearpay and Klarna, saw explosive adoption as e-commerce upshifted into a higher gear during the pandemic, but are now facing questions over their sustainability against a tide of rising interest rates, inflation and regulatory threats. The services let shoppers defer payments to a later date or break up purchases into interest-free installments. Rising interest rates narrow already-thin margins for BNPL providers. Their profitability is dependent on their own borrowing rates being much lower than the fees charged to merchants for their service. Soaring inflation and concerns about a possible recession are making consumers more apprehensive about purchasing the big ticket items best suited for extended payments. Finally, the fast growth of the largely-unregulated BNPL space has been drawing more scrutiny from state and federal authorities over concerns that consumers are not aware of the large late fees that can accumulate. Regardless, many consumers discovered the benefits of BNPL’s flexible payment options and avoiding the financial commitments involved with credit cards, even on lower ticket items. Experian’s “Global Insights Report,” based on a survey of 6,000 consumers globally in March, found that 18 percent had used BNPL in the past six months. Fifty-seven percent said they believe BNPL could replace their credit card and 71 percent perceive BNPL as secure. In the U.S, 80 percent of respondents use BNPL to avoid credit card debt. GlobalData’s report, “Buy Now Pay Later – Thematic Research,” which came out in late May, found BNPL expanding from $33 billion in 2019 to $120 billion in 2021, driven by greater adoption by merchants including Amazon and Shopify. GlobalData predicts BNPL sales will increase nearly five-fold to...
“Surf Expo Attracts More Than 600 Exhibiting Brands to Upcoming September Show” via Shop Eat Surf (plus video of highlights from January Show & more)

“Surf Expo Attracts More Than 600 Exhibiting Brands to Upcoming September Show” via Shop Eat Surf (plus video of highlights from January Show & more)

Photo courtesy of Surf Expo PRESS RELEASES | Re-Published August 3, 2022 ORLANDO, Fla.– (July 25, 2022) Surf Expo, the premier watersports and coastal lifestyle tradeshow, returns to the Orange County Convention Center in Orlando on Sept. 8-10 in the West Concourse with a wide range of brands and a diverse floor plan.  Over 600 exhibitors are participating this September with an 18% increase in square footage compared to the previous September show.   “We are thrilled to return to Orlando this summer with an extensive and impressive list of brands to help retailers fulfill all their buying needs,” said Roy Turner, Surf Expo senior vice president and show director. “Coastal and beach related categories have been in high demand the past two years, and with our increased list of exhibitors, we look forward to introducing buyers to new brands as well as offering them a productive environment to connect with their existing brand partners.”  Brands exhibiting in the Watersports sections of Surf Expo include 4ocean, AVID Sportswear, Billabong, BN3TH, Body Glove, Brixton, Carve Designs, Carver Skateboards, Captain Fin, Dark Seas, Fair Harbor Clothing, Havaianas, HAYDENSHAPES SURFBOARDS, Hurley, IMSY, IPD International, Jetty, Katin,  …LOST, Lotus and Luna, Manhattan Beachwear, O’Neill, Otis Eyewear, Party Pants, POP Board Co., Psycho Tuna, Pura Vida Bracelets, Quiksilver, Rastaclat, Reef Apparel, Rhythm, Rip Curl, Roark, ROXY, RSVLTS, Rusty, RVCA, Saint Maddox, Salty Crew, Sand Cloud, SEATEC OUTFITTERS, Simbi, Sisstrevolution, Sun Bum, Surfer Dudes, Tahe Outdoors, Teva, Thread, Vissla, Volcom and YETI.   In the Coastal Life categories, brands attending the show include Beach & Barn, Bogg Bag, Dippin Daisys, ELAN, EXIST, Hang Loose, HUK, Kanga Coolers, Lakeshirts/Blue84,...
“How to Choose the Right Tow Tower – Picking the right tow tower for your boat.” by Jeff Hemmel via Wakeboarding Mag

“How to Choose the Right Tow Tower – Picking the right tow tower for your boat.” by Jeff Hemmel via Wakeboarding Mag

Push a button and Nautique’s Flight Control Tower telescopes up or down with the Bimini top in place. Courtesy Roswell Tow towers have gone from wakeboarding one-offs to standard equipment on most tow-sports boats, as well as an increasing share of runabouts, deck boats and even pontoons. Chalk it up to the ability to provide an elevated tow point, store wake- and surfboards off the cockpit sole, and add just a touch of coolness factor. Here’s what to look for. Drop Top “Some people only lower their tower once a year,” says Darrick Wilson, chief of design at industry-­giant Roswell. “But for someone who lowers their tower daily for a bridge or to get in a garage, folding is an important consideration.” Look for features designed to offset a tower’s weight, including compression spring systems, hydraulic or gas shocks, or electric-gear or worm-drive actuators. Release mechanisms vary, from bolts and pull pins to cam-style levers or even a simple push button. Under Cover Some ­Bimini tops are ­surprisingly small to integrate with a ­tower. Options with greater coverage make a world of difference in hot, sunny climates. Ask for a demonstration on how to handle the Bimini when folding the tower. Some can be quite cumbersome, while others prove easier. For example, the Bimini on the Roswell-­designed telescoping Flight Control Tower, exclusive to Nautique, can remain fully in place when lowered and still shade the crew. A wake tower provides airflow ability, good looks, and practical mounting of board racks, speakers and Bimini tops. Courtesy Roswell Built Strong Aircraft-­grade, 6061-T6 or 6063-T6 aluminum tubing in a minimum 1.9-inch diameter is still...
“Instagram launches payment-in-chat feature for businesses” by Dani James via Retail dive

“Instagram launches payment-in-chat feature for businesses” by Dani James via Retail dive

Instagram launched the ability for U.S. businesses to complete transactions in chats with shoppers. Courtesy of Meta Dive Brief: In an effort to simplify the customer journey for small businesses, Meta on Monday launched the ability for users to pay for products within Instagram chat, according to a press release.Qualified small businesses on Instagram can directly convert customer inquiries and interests directly into purchases using Meta Pay, without users needing to leave the chat. Completed orders can also be tracked in the same chat, creating a dedicated space for follow-up questions, per the release.The feature allows small and medium-sized businesses who don’t have an Instagram Shop digital storefront to still transact with shoppers in app. Dive Insight: Buying and selling on Instagram for businesses of any size just got a lot easier. “We want to help people start conversations with businesses they care about and help them find and buy products they love in an easy, seamless experience, right from the chat thread,” said the release. The ability to pay for products in chat means that businesses can more easily convert curious shoppers’ questions and concerns into purchases and allows for a more personalized experience where businesses could give direct recommendations. This launch is a step forward in Instagram’s evolution to become a one-stop retail destination. One billion people message businesses every week across Meta’s apps, which include Instagram, Facebook and WhatsApp. According to a study from NPD last year, Facebook and Instagram were both listed among the top platforms where consumers discover and learn about products.  Social commerce is expected to grow three times as fast as traditional e-commerce, according to an Accenture report...
Who is Earthpack and how can they help me with my custom shopping bags and other packaging needs? + free sample kit by Doug Works via BRA

Who is Earthpack and how can they help me with my custom shopping bags and other packaging needs? + free sample kit by Doug Works via BRA

Founded by Dave Bock in 1989 in Irvine, California, Earthpack has since taken recycling to a higher level by supplying recycled bags, boxes, tissue, labels, and more to eco-conscious businesses. Earthpack works with each client individually to custom design cutting-edge, repurposed packaging. By providing comprehensive distribution services and inventory management, we can supply quality materials for businesses of all sizes. Earthpack has implemented production and distribution services localized to retail locations so that companies can continue their environmentally-friendly packaging purchases from start to finish. FULL SERVICE CAPABILITIES Earthpack strives to provide businesses with the best and most cost-effective outsourcing solution for offsite warehousing, distribution, and inventory management needs. We provide a full-service backroom without the fixed overhead cost.  WAREHOUSING With more than 15,000 square feet of Earthpack warehousing space in Irvine, CA, we offer clients bulk discounts on retail packaging storage and eliminate the need and associated costs of maintaining their own facilities. ORDER FULFILLMENT Earthpack aims to process and ship orders with speed, accuracy and efficiency. Our service enables clients to order products at corporate levels and distribute at retailer level. We offer easy order access through email, phone, and online. FORECASTING We pride ourselves at Earthpack on expertly understanding and assessing clients’ retail packaging needs. We design automatic distribution plans based on analysis ranging from initial corporate bulk orders down to individual retail store needs. Today, Earthpack continues meeting the changing needs of the environmentally aware retail community, making it an industry leader in eco-friendly packaging. Furthering these efforts, Earthpack proudly supports and promotes Board Retailers Association. All BRA Retail Members will receive a free sample kit...
“YouTube, Shopify Partner to Offer Creators Livestream Shopping Option” by Marie Albiges via Total Retail

“YouTube, Shopify Partner to Offer Creators Livestream Shopping Option” by Marie Albiges via Total Retail

Photo Credit: Courtesy of YouTube Creators and merchants on the Shopify e-commerce platform can now feature their products across their YouTube channels, thanks to a new partnership between the two businesses. The new collaboration allows creators to link their Shopify stores to their YouTube channel, offer livestream shopping, and enable viewers to purchase their products without leaving YouTube. Shopify users can get started by visiting the “Shopping” tab in their YouTube Studio. In a press release Tuesday, Shopify said merchants would reach over 2 billion monthly logged-in users on YouTube through this partnership. Total Retail’s Take: Shopify is used by millions of merchants across 175 countries who will now have another way to sell their products, provided they have a YouTube channel. That, combined with the millions of people who go on YouTube every day, means more eyeballs than ever on businesses that have a Shopify account. As Shopify’s Vice President of Merchant Services Kaz Nejatian told Fast Company, “Hopefully what we’re doing is creating a new venue for entrepreneurship in a way that didn’t exist before.” Google, which owns YouTube, has been expanding access to shopping features for some time now. It has streamed live events like Coachella and Brazil’s Paulistão soccer tournament and made them shoppable for viewers, Variety reports. With this latest update, the company is also introducing a new shopping destination in “Explore” for viewers in the United States, India and Brazil, which features relevant shoppable content. It plans to expand this feature into other countries later this year. About Marie Albiges Marie Albiges is a senior editor for NAPCO Media’s Retail & Travel Group, including Total Retail, Women in Retail, and...