Retailers Face Tariff Risks Amid Q-Commerce Boom: Retail Week
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Retailers Face Tariff Risks Amid Q-Commerce Boom: Retail Week

Photo by:   Vasilis Caravitis
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Mariana Allende By Mariana Allende | Journalist & Industry Analyst - Thu, 11/21/2024 - 10:00

In this week's retail news, Mexico’s Federal Consumer Protection Agency (PROFECO) refunded MX$839,223 on the second day of El Buen Fin. Meanwhile, quick commerce, a key feature of e-commerce during discount campaigns, continues to gain popularity as consumers demand faster delivery times. In the United States, retailers are bracing for the impact of Trump's tariffs, as many rely on imports from China.

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Buen Fin Complaints Drop, PROFECO Refunds MX$839,000

The Federal Consumer Protection Agency (PROFECO) reported 139 consumer complaints on the second day of Buen Fin, marking a decrease compared to previous years. Of these, 103 complaints have been resolved, resulting in MX$839,223 being refunded to consumers, according to the agency.

Retailers Brace for Tariff Challenges Under Trump

The prospect of new tariffs under President-elect Donald Trump’s administration has sparked widespread concern among US retailers, given the significant financial impact such policies could have on supply chains. During his campaign, Trump proposed sweeping tariffs, including a 20% duty on imports and a severe 60% levy on Chinese goods, aiming to bolster domestic manufacturing.

Quick Commerce as The Path to a Billion-Dollar Industry

Implementing technology in last-mile logistics can offer businesses a significant edge in trust, reputation, and revenue, particularly in the quick commerce sector, a US$1.1 billion industry, according to DispatchTrack experts.

Sparkfly Reports 12% Reward, 15% Email Growth with Costa Vida

Sparkfly, a retail technology solutions company, announced enhanced performance following its collaboration with Costa Vida Fresh Mexican Grill. Less than a year into the partnership, Costa Vida has reported gains in customer engagement and loyalty metrics.

Retail Theft Surges in Mexico, Costing Billions Annually

As the holiday shopping season approaches, with events like El Buen Fin, supermarkets and department stores in Mexico are preparing for an influx of deal-seeking customers and a surge in theft. Shoplifting by “farderos” could rise up to 50% during this period, costing companies between MX$10 billion and MX$14 billion annually, according to data from ALTO, a physical and asset protection firm.

Photo by:   Vasilis Caravitis

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