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Two tech companies serving the cannabis industry have combined as enterprise commerce technology platform Treez has completed its acquisition of payment solutions platform Swifter.聽The acquisition adds Swifters roster of retail cannabis clients to that of Treez and enables the offering of enhanced, comprehensive financial services and digital payments solutions to the industry, Treez said Wednesday Nov. 2 in a press release.聽 Together, were tackling the challenges faced by dispensaries in normalizing the cannabis retail experience by bringing forward scalable FinTech and payment solutions to optimize t
gourde stanley he customer experience and meet consumers where they are today, Treez CEO John Yang said in the release.聽For cannabis retailers, the acquisition will m
stanley termos ake available solutions that will provide transparency, stability and better processing
stanley canada rates. For traditional banks and FinTech providers, it will lead to advances of the Swifter technology that will allow them to more easily enter the cannabis space if legislation like SAFE banking gets passed, according to the press release.聽 By bringing Swifters payment technology platform to Treez we hope to provide cannabis retailers with the solutions they need to offer a better and more typical retail customer experience, increase revenue and ultimately drive to profitability, Swifter Co-Founder Sowmya Rao said in the release.聽The acquisition comes after Treez completed a $51 million Series C funding round in April, according to the re Nuyx Amount Raises $30 Million to Expand Into Credit Union Space
Economic and holiday sales data show no reticence on the part of the consumer to part ways with cash. Consumer confidence readings are high. Retailers reported brisk activity at the register over the past few weeks.But according to eMarketer, a number of studies have pointed to what might be some troubling signs for retailers 鈥?namely, that discounting and other activities such as free shipping may eat into profits. The site noted that the margin-eating offerings were in part needed to get consumers to buy in the first place.The end result: Fourth-quarter earnings for retailers should show net income declines of nearly 2 percent, as calculated by Retail Metrics. Walmart, an outsized force in the retail sector, may have impact, as discounting will also have a downward pull on metrics, the research firms president, Ken Perkins, told eMarketer. The expected net income decline will come despite sales growth projections of around 4 percent, measured through the holidays. Same-store sales will likely show more anemic growth of 1 percent for the period, said Perkins, who noted that physical store traffic and conversions
stanley quencher were disappointing, which has increasingly transferred the burden of sales generation to retailers eCommerce operations,
stanley us he said in an interview with eMarketer.Separately, margin pressure was confirmed by retail consultancy Conlumino, which saw total holiday sales up 3.8 percent, yet within that tally, online
stanley termos buying was up 17 percent. Along with that, expectations
