PYMNTS
NOVEMBER 24, 2019
As traditional mall merchants go under, online brands are expanding into brick-and-mortar, the New York Post reported Saturday (Nov. One example is New York’s UNTUCKit , which started as an online men’s clothing store and grew into a global brand. UBS also reported in April that online shopping by the average U.S.
PYMNTS
APRIL 11, 2019
A new report by investment firm UBS warns that an estimated 75,000 stores are likely to shut down by 2026. The reason for the closures can be attributed to the fact that more Americans prefer to shop online. household spent $5,200 online last year, an increase of nearly 50 percent from five years earlier.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PYMNTS
APRIL 16, 2019
A longer-term retail outlook, this one from investment firm UBS , said that an estimated 75,000 brick-and-mortar stores are likely to shut down by 2026. Online Rising. Well, it’s not really a surprise: online shopping. household spent $5,200 online last year, an increase of nearly 50 percent from five years earlier.
PYMNTS
MAY 7, 2019
It counts high-end brands such as Rolex, Tiffany & Co. Senior Equity Analyst Oliver Chen said, according to The Wall Street Journal , “A lot of these Fifth Avenue stores are emotional brand statements and almost churches to the brand.” have shuttered their Fifth Avenue stores to turn their attention to online shopping.
PYMNTS
MAY 31, 2018
In 2016, 95 percent of transactions in in India were done in cash and there were approximately 60 million online shoppers – representing about 14 percent of the internet using base of the nation, according to a late 2017 report by Morgan Stanley. Great Expectations And Big Buy-Ins. The Powerful Punch Private Labels Pack In India.
PYMNTS
AUGUST 28, 2018
Tez — or Google Play in India — also will reportedly gain capabilities for online and offline retail after already being able to handle bank-based, bill and utility payments. Online retail, meanwhile, continues to grow in India, and that market could hit $200 billion by 2026 if one goes by a Morgan Stanley estimate.
PYMNTS
NOVEMBER 22, 2018
That comes as eCommerce is slated to be worth as much as $200 billion by 2026 , according to Morgan Stanley estimates, growing at 30 percent, compounded annually. Google has been retooling Tez , now branding it as Google Pay, and bringing instant loan offerings to consumers, in partnership with several Indian banks.
Expert insights. Personalized for you.
167 
Let's personalize your content