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Holiday Retail Sales To Hit Highest Since 2005

PYMNTS

Procrastinators and internet shoppers saved the day this holiday season, transforming what was a slow start into the best holiday season for retailers in years. That would represent the largest growth since 2005 when sales increased 6.1 Customer Growth Partners now expects holiday sales growth to come in at 4.9 percent, up from 4.1

Retail 116
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Klarna Debuts Social Shopping In The UK

PYMNTS

Despite the shifting retail landscape, consumers are still looking for inspiration, convenience and value — and it’s become obvious that shopping online now goes far beyond just a transaction,” said CEO Sebastian Siemiatkowski in a statement. Founded in 2005, Klarna said it now has a valuation of $5.5

Samsung 189
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Walmart Speeds Deliveries By Fulfilling Orders At Local Stores

PYMNTS

In an effort to reduce delivery times, Walmart announced that it will start fulfilling some of its online orders directly from individual stores. The new program gives customers fast service by enabling the retail giant to leverage all of its existing resources, while also using less packaging and fewer boxes. local time. .

Retail 141
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Klarna’s Value Hits $10B With Latest Investment Round

PYMNTS

Swedish FinTech Klarna is aiming to raise $500 million as it looks to fuel the expansion of its growing digital payments and online shopping business in the U.S. market, a new report states. Founded in 2005, Klarna has previously stated that the U.S. is poised to become its largest market. billion in August of 2019.

Fintech 141
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NEW REPORT: Merchants Up Their Digital Checkout Game In The Age Of Amazon

PYMNTS

Consumer spending hit a record $880 billion in Q4 2019, thanks to online sales making up 15 percent of total expenditure — higher than ever recorded — and smooth eCommerce checkouts. PYMNTS has been studying the online checkout feature offerings of leading retailers in its Checkout Conversion Index series since 2015.

Report 155
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UK Watchdog Investigates Klarna Over Email Fiasco

PYMNTS

Information Commissioner's Office ( ICO ) is launching a probe against Sweden’s buy now, pay later (BNPL) startup Klarna over complaints about a recent email marketing campaign, according to a Thursday (Oct. I know Klarna is used by some online shops I shopped from, but I’m 100% sure I've never used it.”. 15) BBC report.

Retail 159
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Online Marketplaces Catching Up To Offline World

PYMNTS

Why should merchants be the only ones who get to leverage the speed, convenience and low-friction environment of the online marketplace? But these rapidly growing service marketplaces are easily overshadowed by their retail counterparts such as Amazon, Alibaba, eBay and even Walmart. As it turns out, they aren’t.

Online 113