Hello and welcome to November: In Review
The holiday season is now in full swing and we hope you’re on track to reach record sales this year. If you need a quick break from all the peak season madness, then take the time to have a quick scan through the resources, articles and news stories we’re sharing in this month’s roundup...
Our latest report, written in partnership with Endless Gain, utilizes consumer and brand attitudes, as well as cutting-edge biometric research to shine a light on the shake-up being caused by the direct-to-consumer (DTC) movement.
As major brands like Nike and L’Oreal shift significantly towards a direct-to-consumer model and disruptors like Dollar Shave Club, Under Armour, and Warby Parker explode into the market, they pose a dangerous new threat to retailers and established brands who are failing to grasp the need to be ‘fast & frictionless’.
Download the report now and gain insight into:
Retail and consumer attitudes towards DTC brands and how they will influence future shopping habits
What consumers want from a frictionless shopping experience, as well as the major hurdles brands are experiencing aligning delivery with expectations
How some DTC brands are winning due to their excellence and ownership of the end-to-end buying journey
The emotional and psychological experiences consumers have when purchasing from brands - and what makes for a great shopping interaction
How technology systems can remove friction areas, empowering brands to implement a frictionless shopping game plan and compete with DTC native brands
Making Tax Digital is an HMRC initiative that requires UK businesses to submit their tax returns and payments online, while also keeping digital records of their taxes.
It will be mandatory from 1st April 2019 for all VAT registered businesses that have a taxable turnover above the registration threshold of £85,000.
This is a significant change from today’s processes, which sees the majority of UK businesses manually re-keying their VAT returns into HMRC’s online portal.
“As an accounting platform producing VAT returns, we will be providing our UK-based customers with a tool to send these returns to HMRC digitally. We're currently working on this feature and will have it ready before it's required by HMRC in April 2019.
The tool will allow you to send your VAT return contents directly from within the app with a simple click (after authorizing and setting up the app).”
Learn more about this new VAT change and how it might affect you in this special blog post.
The episode focused on the change they made to their business strategy in 2017, which saw them launch a direct-to-consumer channel to fit alongside their existing wholesale business.
Listen to the podcast now to find out how this journey went, as well as what tools and resources the duo recommend if you’re intent on tackling your own DTC journey.
4. Podcast #2: Frictionless eCommerce and the DTC Customer Journey Challenge Derek O’Carroll & Neil McKay
Together, they shared key insights into how you can improve your ecommerce business and how you can revolutionize the customer experience from discovery to delivery and beyond.
You can listen to the podcast here.
Last month, we shared our report about the ‘serial returner’ culture, which threatens to see this type of shopper banned from their favorite stores.
With the holiday season now well underway, serial returners have been hitting the headlines once again.
Featuring guest comments from our very own CEO, Derek O’Carroll, PCR Magazine recently published an interesting take on the returns story, suggesting why it may not be such a good idea to ban serial returners after all.
And that’s all we have for this month! This will also be the last of our ‘In Review’ series for this year. We wish you the best of luck for the rest of the holiday season and hope you’ll start the new year off with a bang!