PayPal: Mobile giving continues to surge
Charitable giving exceeded $971 million, partially fueled by the convenience of mobile commerce.
That’s according to data aggregated in PayPal’s interactive tracker, the company’s online “giving” platform. In addition to contributions made during the holidays, PayPal reported it processed $7.3 billion in contributions in 2016 — an 11% increase in charitable giving for the year.
Specifically, 8 million PayPal users in 181 countries contributed $971,213,604 to 282,053 charities, making 2016 the biggest year for end-of-year donations with PayPal ever, the company said.
Charitable organizations are not just raising funds through galas, auctions, written appeals and paper checks. Between the digitization of cash and the mass adoption of mobile technology, 21% of gifts were made via a mobile device this holiday season. This is a 12% increase compared to 2015, PayPal said.
Mobile platforms also enable consumers to contribute in real-time. For example, more donations were processed on Dec. 31, than any other day in 2016 as consumers contributed over $77 million to thousands of charities globally that day. While the last week of the year saw a tremendous spike in charitable contributions, #GivingTuesday ((Nov. 29) ranked as the third highest day for donations as the global movement continues to expand year over year, PayPal said.
Overall, the largest single gift of the season was more than $230,000 with the average contribution of $93, slightly above the yearlong average of $89. Though many consumers save larger gifts for end-of-year contributions, hundreds of thousands of $1 and $5 gifts resulted in millions of dollars for charitable organizations over the holiday season, PayPal said.
Looking to 2017, PayPal expects charitable giving to expand into new contexts “as technology and social media platforms power new and innovative ways for people to support the causes they’re most passionate about,” the company said. “Traditional donations will continue to result in billions of dollars for charitable organizations each year, but new means of philanthropy, such as crowdfunding platforms, will increase in popularity as donors are given more choice in how they give back.”
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Sephora streamlines product submissions
With so many new beauty products hitting the marketplace, Sephora needs to ensure it is offering the right product mix to its loyal shoppers.
Sephora offers 14,000 products from 200 carefully curated brands. Yet, new cosmetic innovations continue to be introduced on a seemingly daily basis. By adopting a new online platform, Sephora can streamline product discovery and its buying efforts.
Called RangeMe, the solution optimizes new product discovery between suppliers and retailers, and gives retail buyers an efficient way to manage the inbound product submission process. The solution also increases product suppliers and manufacturers’ access to retail buyers and control over the marketing of their products.
Promising to expedite the time it takes for retailers to source products at scale, the solution is designed to increase sales and drive Sephora’s competitive advantage.
Stay on top of new developments and innovative products
If it works it is a great way to stay ahead in innovations and cool new products. furtheron it give the retailer a competitive edge to their market players.
Canadian firm acquires American Apparel — but not all of it
It looks like it’s the end of the road for American Apparel — at least as we know it.
Canadian apparel manufacturer Gildan Activewear Inc. emerged as the winner in the court supervised auction to acquire the intellectual property and some other assets of the bankrupt American Apparel brand. The company, however, will not be purchasing American Apparel’s 110 retail stores, leaving the company’s retail future in doubt. Also uncertain is the fate of American Apparel’s garment workers at its factory in Los Angeles.
“We've never been in a position to be able to assume operations," Garry Bell, a Gildan spokesman said in a Chicago Tribune report. "We're not buying an ongoing concern."
Gilden’s $88 million winning bid was higher than its initial proposal of $66 million, which was made back in November as part of a stalking horse portion of American Apparel LLC’s Chapter 11 bankruptcy protection filing.
The deal is subject to approval from a bankruptcy court on Thursday.
Gilden, which is based in Montreal, said it will also separately purchase inventory from American Apparel to ensure a seamless supply of goods to the printwear channel while the company integrates the brand within its printwear business.
"The American Apparel brand will be a strong complementary addition to our growing brand portfolio,” said Glenn Chamandy, president and CEO of Gildan. “We see strong potential to grow American Apparel sales by leveraging our extensive printwear distribution networks in North America and internationally to drive further market share penetration in the fashion basics segment of these markets."
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