By the end of November it will be 2 years since i moved to US explicitly to Richmond Virginia, the first and foremost thing attracted me is its weather and environment. sometimes it becomes incredible to believe whether its natural or not. Some of the shots out couple of hundreds i have shared.
Renowned tech site revealed that Coin base customers are very concerned following actions by rogue hackers to drain their crypto wallets. These hacked Coin base accounts are then sold on the Dark Web for anywhere between $100 and $150. The incident is of significance because Coin base is one of the largest and best-recognized digital asset exchange in the world
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CNBC reported many customers remain as angry with Coinbase as they are with the attack, based on the level of support they have received. Coinbase’s customer service communications have been primarily via email. In response, many customers are reported by CNBC to have said they struggle to reach company representatives.
Looking into the incident for Digital Journal is Sam Bakken at OneSpan. According to Bakken the incident highlights why the cryptocurrency sector remains vulnerable, as well as a prime target given the relative value of tokenized money.
Bakken explains: “Incidents like this demonstrate that cryptocurrency exchanges need to take a serious look at how they are authenticating users on their platforms and following up on fraud claims. Table stakes would be responding to customer inquiries within a reasonable amount of time, better would be pro-actively notifying customers of fraud, best would be detecting, and stopping the fraud before it occurs.”
In terms of the salient lessons to be drawn from the latest incident, Bakken offers the following insight: “Players in the cryptocurrency space will need to look at the lessons learned by more traditional financial institutions (FIs) and banks when it comes to security – especially as crypto moves into the mainstream with more consumers investing via retail exchange platforms than ever before.”
He adds that vulnerability concerns spread even further: “SIM swap fraud has been used widely by bad actors to gain access to accounts. SMS alone as a form of authentication is innately less secure than other methods – and crypto firms will need to follow suit. Using SMS for multi-factor authentication often puts the onus of protecting customer data on mobile network operators, whose number porting processes are historically not designed to withstand such attacks.”
Despite obvious consumer hesitancy, cryptocurrency exchange sites will continue to be popular. Bakken is of the view that these platforms can, and should, do more to protect their users. He recommends: “Cryptocurrency platforms should be looking to adopt mobile push notifications and binding mobile devices and apps to accounts as an alternative, which have the added benefits of being protected by application shielding technology as well as the latest identity verification technologies such as machine learning and biometrics.”
Retail Store Lidl reveals expansion plans for 2021 in the US
Working from home and avoiding nonessential travel are some of the precautions being taken to prevent the spread of coronavirus (COVID-19). As such, it is to be expected that gasoline stations are experiencing a decrease in sales. It is projected that revenue from travel and tourism will fall compared to 2019, with airlines, cruise lines, and rental cars already encountering a drop in year-over-year travel sales.
The economic impacts of COVID-19?
Influencing more than just the travel and transportation industries, the coronavirus (COVID-19) is forecast to have many social and economic impacts. Many people would be less likely to go to social spaces and events if the virus were to spread to their community. Most people expect the stock market drop that resulted from the onset of the COVID-19 pandemic to have a lasting impact on the U.S. economy, and a growing percentage of people fear the outbreak will personally impact them financially
The pandemic has accelerated the shift to e-commerce — or “from bricks to clicks” — by about five years, according to data from IBM’s U.S. Retail Index. The numbers show department store sales plunged 75% in the second quarter, though that’s expected to improve slightly for the year to a 60% drop. Meantime, e-commerce is projected to grow by nearly 20% in 2020, and Target, Walmart and Amazon have already capitalized on the shift. The numbers also show a shift in spending priorities, with clothing diminishing while groceries, alcohol and home improvement spending increase.
Retail Industry norms vary from country to country. How Retail Industry in US works is way to different than rest of the world. I had a chance to experience that in England, Dubai , Asia and this time its USA. After few months of stay in USA, i realized its a huge trap for customer despite of knowing that you actually don’t need that you keep on shopping in advance because bulk buying saves you huge amount. And most of the times it becomes inevitable. My precise remarks about US for foreigners are ‘ Its an opposite and another world within a world ‘. Its because many things you see are opposite.
Retail in the USA has offer you much more than your imagination, variety of brands makes decision making so complex that often becomes hard to retain one brand, pricing varies a lot. Bulk buying is a trap. most of the stores enforce you to get members to avail discounts.
Trends of US Retail Industry
1. Due to variety and suitability one just cant stick to one store for grocery.
2. You will find everything bigger in size at reasonable price. There small size is medium for the rest of the world.
3. There are so many brands for one product that it becomes hard to decide what to get.
4. Every visit to store product placement changes. Most of the stores keeps changing the product placement in the store strategically and intentionally to make customers engaged in product hunt.
5. In America you can be surprised to see frozen Pizza and clothes at Pharmacy.
6. Customer wont be able to distinguish between store associate and store Manager at one time, they work so integrated.
6. Product placement is so smartly planned that it entice customer beyond its original buying plan and 95% of the times strategy dominates. Lets assume you went to store to buy Milk there are most likely chances that you end up with multiple products in the cart.
7. Exchange and return even after months is not at all an issue, they will happily accept anything from customer even after months
8. Wholesale brands such as Sams Club (Walmart) and Costco has also gas station for customers
9. At Walmart stores in USA you wont find any one at checkout doors which increases the percentage of non billed products and carts however store is not much bothered about the fact.
10. If customers gets something from wrong shelve and ends up with high price difference store is bound to give that to customer anyway as they never want customers go away.
The earliest projections have the country moving toward a post-COVID state in summer, which means that 2021 first half will only be more of the same for retail. By the time most of us are vaccinated, we’ll have been living in a COVID world for more than a year, and, unfortunately, a return to “normal” may never happen. How Retail is getting back on track after lock down and unprecedented BLM riots. Interesting parameters and strategies under consideration within companies before coming back on track
Do you think its still vulnerable to recommence Retail businesses and other sectors during the declining phase of Pandemic? Various industries are getting back to resume business following corona virus lock downs, companies in various industries, spanning from retail to finance, are announcing their plans for the future — and whether that means returning to the office, reopening for customers or rethinking how to operate. While some embrace WFH for the long term, others are having the majority of their employees gradually return to the office.
150 stores are closing in 25 states in the USA and here is the list JC Penney filed Bankrupt reveals within next 10 to 12 weeks they are shutting stores in various states. Penney realize the fact its hardest decision to made but the 90,000 workforce wont effect with this decision
However due to Pandemic online sales in retail industry have substantial increase as brick and barter faced zero inflow of customers and forced around 30 top retail brands in the USA to close more than 500 outlets in different states of the US. Retailers like Wegman, CVS Pharmacy, Walgreens, Macy and Target are planning to close their outlets all across US. Due to extreme decline in brick and barter sales many brands are firing employees for the obvious reason due to which 3.2 million Americans filed unemployment and US administration extending $600 weekly to every unemployed citizen.
Retail Brands strategy during Pandemic?
On the other hand, as online sales escalated substantially experts believe it’s a time for brands not to focus on sales but there strategy should be more customer oriented. It’s a best time to enhance ultimate customer experience and boast your long term sales. Retailers should focus on inventory and efficient delivery as Walmart initiated express delivery in just 2 days. Not only this for the first time Walmart got into reselling market with thredUP.
The retail market heading towards a more consolidated model and cost efficient model as they just cant afford high expenses. Many retailers have found different ways to boast online sales by opting trending e-commerce platforms.
You must be thinking as if it all really matters to you as you cant shop online from these stores. As matter of fact Amazon does not ships every product outside US for example if customer are somewhere in Asia or Europe and spent 40 minutes and end up with few items in cart and as he checks out he gets notify that product is not eligible for his country so how would he possibly react to that situation? That’s where we jump in for customer and extends seamless shopping experience without any hurdle.
How to place order on Amazon from outside US?
We believe in cost efficient solution that’s why avoid capital and other miscellaneous cost that may comes in. We are offering a solution that will help you getting the top American quality product from any store such as Amazon, Walmart, eBay or any store that comes in your mind. You just have to purchase the product and rest of the procedure is very simple. All you have to do is to buy items/products of your choice using your debit/card and let us receive your product in the US on given address (by adding our shipment address, most of the shipments within US for over $25 orders are free) once we will receive that we will reship that to you by courier of your choice. Procedure is extremely simple and forget about the limitations we will make every shipment possible.
We know you have so many questions in mind regarding payment and shipment time so lets make it more simple. What you have to pay for is the Product, International Shipment varies and 5% – 10% processing fee. If you still have questions in your mind leave your contact details and we will contact you as soon as possible.
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