PYMNTS

DECEMBER 2, 2019

that day to be among the first to grab those infamous “doorbuster” deals — proudly proclaiming the accounts of their retail adventures at the holiday family gatherings to come — until the smartphone came along. to get in line, consumers go online — popping open apps and letting their fingers and thumbs do the shopping. In 2019, 59.5

Millennials 212

Millennials Data Online Cards 212

PYMNTS

JANUARY 26, 2021

In today’s top retail news, the U.S. The retailer said the move is part of a plan to execute a “store footprint optimization plan, including the contemplated exit of unprofitable locations.” percent seen in December 2019. From Community Hubs To In-Store Theater, Retailers Double Down In Digital At NRF. L’Occitane’s U.S.

Retail 239

Retail US New Jersey New York 239

PYMNTS

NOVEMBER 25, 2020

24) that it enjoyed a 61 percent jump in online sales during its fiscal third quarter ended Oct. The retail giant also said that its Athleta chain’s sales rocketed even as revenues plunged at Banana Republic Global. billion at Q3 2019’s end. said Tuesday (Nov. However, management said that was a “slight improvement” from Q2.

Online 170

Online Branding Retail Management 170

PYMNTS

MAY 31, 2020

Uber has been approved by the National Economic Prosecutor’s Office (FNE), Chile’s antitrust regulator, to acquire the Chilean grocery shopping app Cornershop, according to an FNE statement. Uber first announced it was looking to acquire a stake in the Santiago-based Cornershop app in October 2019.

Regulation 130

Regulation Online Retail Regional 130

PYMNTS

DECEMBER 3, 2019

Thanksgiving outlived Lincoln, and every president that followed him offered the same proclamation every year declaring a national day of Thanksgiving to be celebrated on the last Thursday in November. There was the small matter of a raging depression — and retailers argued that the shortened shopping season could do them in.

Retail 139

Retail Millennials Online Data 139

PYMNTS

JULY 22, 2020

The retail industry is facing its first sales event of the pandemic with the coming of back-to-school sales. The projections were led by the National Retail Federation (NRF) this week, as it foresees record sales for back to school. billion in 2019. Second, are retailers removing friction from the buying process?

Retail 186

Retail Meeting Arizona Florida 186

PYMNTS

SEPTEMBER 17, 2020

Four consecutive months into positive consumer spending trends, one wonders if there might be — indeed must be — a lull, a pullback that might indicate a tougher road ahead for retailers headed into the all-important holiday spending season. Census Bureau reported that retail sales in August were up 60 basis points over July.

Retail 240

Retail Data National Trends 240

PYMNTS

JANUARY 3, 2020

Looking past the cheerful numbers tied to holiday shopping and the tens of billions of dollars spent on Black Friday, Cyber Monday and into Christmas, the decline of retail, at least the traditional retail model, continues into the new year, and across oceans. The retail sector is among the largest employers in the U.K.,

Retail 131

Retail Samsung National Taxes 131

PYMNTS

OCTOBER 28, 2019

Wayfair case that allowed states and individual cities to launch tax policies aimed at remote sellers and marketplaces is still reverberating in 2019 and will likely affect online retail in 2020. In Q3 2019, 14 states started collected online sales tax and 11 more followed in October. eBay Makes a Deal.

Taxes 102

Taxes Online San Jose South Carolina 102

PYMNTS

AUGUST 10, 2020

For physical retail, the pandemic was simply the force that accelerated a decline that had started in 2014 — one that inertia had masked for all of the years up until now. This data came on the heels of a holiday shopping season that was strong, but weaker than retail analysts had expected. A Long Time Ago … In January 2020.

Retail 291

Retail US Innovation Report 291

PYMNTS

DECEMBER 5, 2019

With the negative impact from trade, the economy of the eurozone expanded at a modest rate in Q3, as retail sales dropped in October at the sharpest rate of the year. Retail sales in the bloc in October dropped 0.6 GDP in the nations that share the euro was 0.2 In separate news, retailers in the U.K. percent in France.

Retail 131

Retail Comparison National Report 131

PYMNTS

JANUARY 20, 2020

New evidence of that — part of the broader trend of the existential changes in the world of brick-and-mortar retail, changes that are gaining more focus this month — comes from reports that stationery chain Papyrus is closing up shop. The chain had since expanded to some 260 or so retail locations. Total retail growth was 3.8

Retail 183

Retail Millennials Cards social media 183

PYMNTS

NOVEMBER 30, 2020

Black Friday shoppers stayed home, delivering a feared blow to brick-and-mortar retailers on what usually is one of their biggest days of the year, the Financial Times (FT) reported. About half as many shoppers as usual visited brick-and-mortar retail locations, the report stated. They’re not going to make it up online.”.

Retail 209

Retail Online Video Analysis 209

PYMNTS

DECEMBER 31, 2019

A little more than a year ago, PYMNTS started tracking the race for the consumer’s whole paycheck between the two retail behemoths that have been expanding their respective ecosystems in the process: Amazon and Walmart. percent of consumer retail spending in the U.S., percent of consumer retail spending in the U.S.,

Retail 136

Retail Online Georgia North Carolina 136

PYMNTS

NOVEMBER 13, 2020

Power research shows that the number of customers doing their credit applications online has kicked into high gear. Consumers and Banks Both Like Online Auto Loans. Consumers are apparently so glad to dump the back-office haggle between dealer and bank that roughly one-third of car buyers are now doing the loan process online, J.D.

Online 214

Online San Francisco Trends Marketing Strategies 214

Bank Innovation

JANUARY 2, 2020

Gartner’s Digital IQ Index for 2019 surveyed 80 banking and financial brands, including national banks, regional banks, online banks and fintech startups. It examined 1,200 data […].

Regional 273

Regional Study Survey National 273

PYMNTS

DECEMBER 27, 2019

With blackjack and roulette on mobile phones, the growing market for online sports wagering in New Jersey has introduced gamblers to virtual casino games. Online casinos’ monthly revenue more than doubled in the 15 months following the rollout of sports betting in June of last year.

NJ 131

NJ New Jersey Las Vegas Online 131

PYMNTS

APRIL 8, 2020

Panera Bread has entered the online grocery business. According to the National Restaurant Association , the restaurant industry experienced its largest one-month employment decline in March. The survey found that 42 percent of respondents purchase groceries online at least once a week, up from 22 percent in 2018.

Online 142

Online Analysis Report Survey 142

PYMNTS

OCTOBER 5, 2020

According to the NPD Group , COVID-19 brought the year’s good start to a halt, with March athletic shoe sales down about 40 percent compared to 2019 and taking a 50 percent hit in April. While stores were closed, Fleet Feet saw tremendous growth in its online business. Specifically, Americans are running through the pandemic.

Technology 131

Technology Retail North Carolina National 131

PYMNTS

JUNE 14, 2019

However, in the 2019 Retail Banking Report, a study by Reputation.com that analyzed online data relating to retail banking locations for 23 major U.S. At a high level, retail banking didn’t score as well as other industries with a 341, 174 points lower than retail’s 515. Bank responded to 71 percent.

Retail 103

Retail Study Online Mobile 103

PYMNTS

JANUARY 1, 2019

But relatively high stock prices and access to more capital remain prime temptations, and there is little doubt that 2019 will bring more than few exciting — and telling — IPOs. An IPO reportedly could happen in the second half of 2019. Securities and Exchange Commission that sets the stage for it to go public. The latest?

Payments 223

Payments social media Analytics Capital 223

PYMNTS

MAY 15, 2019

Hatton National Bank PLC unveiled the rollout of HNB Solo in Sri Lanka , personal remittances from overseas Filipinos (OFs) are on the rise in the Philippines , and Canadian bank CIBC is launching a new small business platform called CIBC SmartBanking for Business. Welcome to The Axis, your late look at payments news from around the world.

National 109

National Report Apple Google 109

PYMNTS

JULY 6, 2020

If your business touches retail in any way, it might pay to follow a few important breadcrumbs. million in sales from selling 15,000 cases since its launch in 2019 — to build a strong digital presence. Worse yet, some analysts fear the triggering of break-lease clauses for retailers in malls if anchor stores leave.

Retail 259

Retail Meeting Branding Maine 259

PYMNTS

OCTOBER 1, 2020

The revenue result marked a rise of 13 percent from 2019, while the count of cars sold represents an increase of 25 percent year over year. businesses throughout the nation, car dealerships have found themselves encountering a crisis as shoppers could no longer visit the showroom for a fast test drive. L Catterton, Blackrock Inc.

Online 140

Online National Tools Strategy 140

PYMNTS

NOVEMBER 13, 2019

Predictions indicate that shoppers will spend over $136 billion in the fourth quarter of 2019, with Black Friday /Cyber Monday (BFCM) accounting for 50 percent of sales. The National Retail Federation expects a bump in sales for November and December, from somewhere between 3.8

Online 105

Online Study Capital Survey 105

PYMNTS

APRIL 24, 2017

Recovery has been slow for the national grocer since prices fell in February. Meanwhile, international retail food group Ahold Delhaize (AD) saw shares fall some more, not benefiting from the same springtime boost grocery and other stocks have seen. Kroger (KR) shares also looked to finish up for the week, though only marginally so.

National 108

National Retail Branding Course 108

Gonzobanker

DECEMBER 20, 2019

GonzoBankers, 2019 was a year of extremes. Third, read and enjoy the 2019 edition of the GonzoBanker Awards, our 18 th. Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank.

Idaho 148

Idaho Conference Data Marketing 148

PYMNTS

SEPTEMBER 17, 2019

In the meantime, the digital, mobile, delivery and other innovations that are taking place in this sector are also promising to impact retailers and the consumers who shop not only with mom-and-pop stores but with the bigger chains. The latest example of that comes from one of the biggest retail chains out there — Walmart.

Retail 108

Retail Georgia Houston Dallas 108

PYMNTS

NOVEMBER 13, 2019

Predictions indicate that shoppers will spend over $136 billion in the fourth quarter of 2019, with Black Friday /Cyber Monday (BFCM) accounting for 50 percent of sales. The National Retail Federation expects a bump in sales for November and December, from somewhere between 3.8

Online 106

Online Study Capital Survey 106

PYMNTS

SEPTEMBER 6, 2019

Brick-and-mortar retailers are taking small-format, inventory-free locations to big cities: Nordstrom , for instance, is bringing its Nordstrom Local concept to the Big Apple. times more and account for 30 percent of online order pick-up in Los Angeles.”. In Other Brick-and-Mortar News.

Los Angeles 101

Los Angeles Retail New York City New York 101

PYMNTS

MARCH 17, 2017

Sometimes all it takes is a new way of looking at things to open up a world of possibilities — at least, that’s what retailers investing in augmented reality (AR) and virtual reality (VR) believe. Meanwhile, other industry projections show that more than 800 million AR apps for retailers will be downloaded by consumers by 2019.

Retail 102

Retail Online Technology National 102

PYMNTS

JULY 22, 2019

But we want to take a few minutes to talk about pop-up shops, and how those temporary but often lucrative retail efforts are shaping commerce — and being shaped by payments — and what could be coming next. Even so, the company has certainly not given up on physical retail. Riding Retail Trends.

Retail 108

Retail Honolulu Branding Trends 108

PYMNTS

JUNE 10, 2020

These reasons are driving a surge of interest in and use of remote online notarization (RON) services, according to James Schlimmer , managing partner of Naples, Florida-based notary firm Cottrell Title & Escrow. The state legislature adopted such regulations in late 2019, permitting these services for use beginning in January 2020.

Online 131

Online Florida Meeting Regulation 131

PYMNTS

JANUARY 14, 2021

The nationwide chain — which operates about 1,470 retail stores selling pet supplies and professional services like veterinary care — is changing its name to Petco Health and Wellness in conjunction with the listing. They bought the company from TPG and Leonard Green, who took the then-public pet retailer private 15 years ago. .

Puerto Rico 178

Puerto Rico San Diego Video Retail 178

PYMNTS

JANUARY 15, 2021

Despite the ongoing pandemic, retail holiday sales were 8.3 percent higher in 2020 than in 2019, surprising even the National Retail Federation (NRF). Despite unprecedented challenges, consumers and retailers demonstrated incredible resilience this holiday season,” said NRF President Matthew Shay in a statement.

Retail 130

Retail Online Analysis National 130

PYMNTS

FEBRUARY 21, 2020

Upon releasing its latest earnings, LendingClub , known up until now for its personal loans delivered through its online platform, said it had struck a deal to buy Radius Bancorp. The $185 cash and stock deal would bring an online bank with $1.4 Data breaches: MGM has admitted to a 2019 hack , where 10.6 Elsewhere, the U.S.

Digital Banking 224

Digital Banking Conference Samsung Fintech 224

PYMNTS

MAY 1, 2020

The great retail re-opening is now being called the “great resettling” by many observers and J.Crew is its latest victim. According to several sources the preppy retail chain has been negotiating with its lenders since it canceled plans to take its Madewell subsidiary public. It had slashed prices by 60 percent online this week.

Retail 185

Retail Dallas Branding Analytics 185