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Retailers Ready For Post-Election Holiday Shopping Rush

PYMNTS

According to the National Retail Federation ‘s annual consumer spending survey, shoppers may have a more conservative holiday spending budget as a result of the upcoming election. The study used data points for 50 major retailers collected on a weekly basis and have been refined since 2001.

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CPI-weighted wage growth

BankUnderground

How to match wage data to the CPI Most wage data, including the Average Weekly Earnings (AWE) published by the Office for National Statistics (ONS), is weighted by employment. Chart 1 shows the annual growth in this measure between 2001 and 2023. That means it gives more importance (weight) to industries with more employees.

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The Changing Face Of Retail In Times Square

PYMNTS

billion annually in retail, entertainment and hotel sales. It’s also the city’s second most valuable retail real estate, behind only Fifth Avenue from 49th to 59th street, according to the Real Estate Board of New York (REBNY). Retail real estate in Times Square rents for $2,363 a square foot. That amounts to $4.8

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In Praise Of The Selfie And The Commerce It Drives

PYMNTS

National Selfie Day has passed into the history books once again. The founding hero of National Selfie Day — not that he receives his full recognition among the selfie masses — is a U.S. Retailers are also relying more on selfies — or at least experimenting with the form. We are now in the golden age of the selfie.

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The Buyers: Senior Citizens, The Forgotten Consumer?

PYMNTS

Shaping the future of retail is not a concept that shoots to the top of the list when the industry thinks of senior citizens. When it comes to senior citizens, the retail industry typically has reached out to share discounts , what stocks to buy or alerting them to various scams. Since 2001, the U.S.

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Shake Shack On Tapping AI And Other Tools To Optimize The Customer Experience

PYMNTS

This pressure to innovate is affecting QSRs of all sizes, from independent eateries serving loyal local followings to national or even international behemoths reaching millions of customers each year. New York-based burger chain Shake Shack is no exception. Post-Pandemic Moves.

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Facebook Users Will ‘Like’ Ordering Papa John’s Via New ‘Start Order’ Button

PYMNTS

This builds on the pizza delivery company’s legacy of digital firsts, which began in 2001 when the company incorporated digital ordering at all of its U.S. It was letting customers order by text message in 2007, offering digital rewards by 2010, and became the first national restaurant brand to launch a custom Apple TV ordering app.