The luxury retailing sector has incurred a significant fall in revenues as a result of the pandemic. Despite this global challenge, the luxury sector will always prioritise bricks-and-mortar and a physical interaction with their consumers over online sales. In this article, Mark Beresford (Director, London) and Beatrice Save (Business Analyst, London) have been on their own luxury shopping trip and found that there is a secret to success that will allow luxury brands to optimise the customer experience through payment efficiency - and it only requires you to focus on four key metrics.
If the value of e-commerce sales is around 25% of global retail sales, physical retail sales represent by far the largest opportunity for in-store BNPL. Mark Beresford (Director, London) and the Retail Practice team looked at if BNPL can work in physical retail, and whether consumer appetite supports it.
EDC assists industry-leading end-to-end eCommerce platform and solutions provider to evaluate the embedded finance opportunity
Edgar, Dunn & Company (EDC) is publishing a series of articles to introduce its team members across the globe. This month, meet Beatrice Sava, Consultant at EDC’s London office. She joined EDC in 2020 and holds a double MSc in Business Management from the National University of Singapore (NUS), Koç University Istanbul and HEC Paris
EDC helps international online wine retailer to upgrade their modern payments capability that has released and accelerated sustainable profitable growth.