PYMNTS

JULY 22, 2019

Retailers are feeling the heat from high rent costs. According to a report in The Wall Street Journal , while commercial retail rents are down, rent costs still remain higher than prerecession levels in many prime shopping areas, including Manhattan, Los Angeles and Dallas. The retailer fought the rent increase but lost.

Retail 109

Retail San Jose Los Angeles San Francisco 109

PYMNTS

JANUARY 10, 2019

Retailers in the U.K. had a poor showing during the holiday shopping season; The Financial Times reported that despite steep price cuts, retail sales had their worst performance since December of 2008. retailers Thursday (January 10) as further evidence of the pain the U.K. retail market is dealing with.

Retail 148

Retail Maine Report Data 148

PYMNTS

FEBRUARY 21, 2020

Instead, Canada Goose went for experiential retail, a strategy that has become more important as consumers want to do things when they buy things. In this case, over 8,000 consumers traveled through “The Journey,” an experiential retail concept in Toronto during the December 2019 holiday shopping season. Experiential Retail Expands.

Retail 141

Retail Miami Millennials social media 141

PYMNTS

AUGUST 23, 2019

New data shows that retail sales in the UK are taking a pre-Brexit nosedive, falling in August at the fastest pace since December 2008. The CBI survey also showed retailers cut orders with suppliers at a near-record pace. An estimated 29,000 retail units have been vacant for 12 months.

Retail 101

Retail Survey Data Community 101

Bank Innovation

MAY 5, 2016

Roberto Ferrari, is the general manager of the retail bank Chebanca!, created in 2008 in the Mediobanca Group, the main investment bank in Italy. the retail bank of Mediobanca. is almost 9yrs old and behaves both as a startup and… Read more Pirates with Ties interview with Roberto Ferrari of CheBanca!,

Retail 150

Retail Maine Groups Innovation 150

Payments Source

JULY 27, 2020

Bill Clerico created WePay during the last financial crisis, and sees a similar opportunity now. The coronavirus pandemic is affecting different markets in vastly different ways, and easing the flow of capital is just one way to provide help.

Fintech 206

Fintech Capital Marketing Retail 206

PYMNTS

SEPTEMBER 27, 2017

That is the question the Walt Disney Company is looking to answer as it sets on its first major redesign of its retail spaces in a little under a decade, according to recent Reuters reports. The goal, it seems, is to lure shoppers away from the digital experiences that are depressing Disney’s retail foot traffic, Reuters noted.

Retail 101

Retail Video Online Operations 101

PYMNTS

JUNE 6, 2019

By 2023, manufacturers and retailers will have to donate, reuse or recycle the goods” under a program that the French prime minister called the first of its kind from any national government. Amazon apparently played a part, indirectly at least, in turning public opinion against such retail waste. Amazon’s Role. Liquidation Trends.

Retail 146

Retail New York Online Trends 146

FICO

AUGUST 21, 2020

When it comes to fraud and COVID-19, the Great Recession of 2008 provides some important lessons that can help banks and consumers protect themselves against the increased risk. Here’s what different about fraud during COVID than 2008. There’s one fraud pattern that’s highly predictable: when the economy goes down, fraud goes up.

Fraud 52

Fraud Customer Experience Tools Analysis 52

PYMNTS

OCTOBER 27, 2017

It was a record-breaking year in retail, according to reports — but not the good kind. More store closings have been announced this year than in any other year before, as retailers across categories have collectively announced plans to close the doors on 6,700 brick-and-mortar locations in the U.S.,

Retail 103

Retail Online Data Management 103

PYMNTS

NOVEMBER 15, 2019

Retail sales rose 0.3 Compared to October last year, retail sales advanced 3.1 The Federal Reserve cut rates three times in 2019 starting in July, which was the first time for a rate reduction since 2008. For many retailers , especially those focused on eCommerce, the next several weeks are crucial. 15), citing a U.S.

Retail 116

Retail Survey Report Data 116

PYMNTS

DECEMBER 28, 2020

The first were the Pepsis, Heinzes and Krafts that either didn’t like their retail distribution or saw a pandemic-driven opportunity to get new products in new configurations to the consumer. Formed in 2008, Green Goo is a women-owned, family-operated company that started out making skin products and first aid salves for friends and family.

Branding 162

Branding Retail Philadelphia Marketing 162

PYMNTS

MARCH 25, 2020

Retailers are halting and calling off attire orders as Western shoppers remain in their residences and shops close because of the coronavirus pandemic. The business models of those companies rely on having the ability to move orders from manufacturing facilities to retail locations over a time frame of just weeks.

Branding 100

Branding Retail social media Video 100

PYMNTS

JANUARY 14, 2019

It looks like we can finally have a serious conversation about the impending collapse of physical retail in the U.S. All it took was a 160-year old retailer and a $34 billion kick in the stomach to the retail sector to get everyone’s attention. retailer, Sears, which found itself standing at Chapter 7’s front door.

Retail 198

Retail Online Mobile Data 198

PYMNTS

AUGUST 21, 2017

From thredUP to The RealReal , Tradesy and SnobSwap , every retail segment out there today seems to be looking for some sort of deal on discounted items, especially clothes. These second-hand retail options have become so popular that there is now an entire day dedicated to celebrating them: National Thrift Store Day.

Retail 103

Retail New York City National Industry 103

Bank Innovation

MARCH 12, 2020

mobile payments companies founded after the 2008 financial crisis, and digital banks including Chime Inc. Fintech startups looking to upend how Americans do their banking are facing their first major test as interest rates fall and fearful consumers seek safety at traditional banks. Square Inc. and Stripe Inc.,

Digital Banking 359

Digital Banking Payments Fintech Mobile 359

PYMNTS

OCTOBER 14, 2016

As regular readers of our weekly bankruptcy tracker can attest, it has been a rough year for much of retail. The monthly retail sales figures are out today — care of the Commerce Department — and the analyst outlook ahead of time is reasonably positive. percent from a month earlier. That compares with the 0.3 3 percent in September.

Retail 100

Retail Trends Survey Capital 100

TheGuardian

FEBRUARY 28, 2024

State’s one-third share in the bank, now worth about £6.7bn, is left over from the 84% holding taken during the 2008 financial crisis The UK government will look to raise as much as £3bn-£4bn from selling a chunk of its shares in NatWest bank to the public in a measure expected to be announced by the chancellor in his budget next week.

Retail 80

Retail Groups Marketing 80

PYMNTS

APRIL 18, 2019

The second time is the charm — that holds true for Neiman Marcus, and the hot retail trend the chain is tapping into (again). Retailers are increasingly turning their sights to resale commerce. The latest evidence for that came this earlier this week from the high-end retail chain.

Retail 117

Retail Online Trends Course 117

PYMNTS

APRIL 25, 2017

Marketplace solutions work to enable online retail brands to expand their reach without needing to invest in manufacturing, warehousing and logistics. To move into a greater number of markets, international online home goods retailer vidaXL recently selected global marketplace solutions provider Mirakl to support its growth plans.

Online 100

Online Retail Branding US 100

PYMNTS

MAY 23, 2018

The severe delinquency rate on private label retail credit cards jumped 57 basis points from March of last year and stands at 4.65 With these higher delinquency rates in private label cards, we see that some consumers are abandoning their payment responsibilities when retailers close a local store or declare bankruptcy.

Retail 101

Retail Cards Trends Report 101

PYMNTS

DECEMBER 7, 2017

Today in PYMNTS’ data, fast food chains are reporting consumer satisfaction following implementation of mobile order-ahead offerings, retail stores are closing at a near-record pace, “unthinkable” numbers of executives share their companies have experienced cyber fraud, real-time faster payments finally make their way to the U.S.

Fraud 101

Fraud St. Louis Retail Data 101

PYMNTS

AUGUST 3, 2018

Brookstone , a specialty retailer known for massage chairs and gadgets, used to be a must-see mall retailer. malls, Brookstone is now the latest major brick-and-mortar retailer to announce that it has filed for bankruptcy protection. Both have operations online under new owners, reported The Wall Street Journal.

Retail 100

Retail Louisville Nashville Houston 100

Celent Banking

AUGUST 19, 2016

The completion rate of new construction (measured in millions of square feet) has been roughly a third of its pre-2008 boom. As retailers close stores ( Macy’s is a recent example ), property developers must re-adjust their development to sustain revenue growth. Arguably, retail banking is highly susceptible.

Retail 100

Retail America Analysis US 100

PYMNTS

MAY 16, 2016

One startup retailer is breaking the cycle of deep discounts and might be starting a retail revolution in the process. As Recode recently reported, JackThreads had grown rapidly since its founding in 2008 but had come to be known among its customers for flash sales.

Retail 101

Retail Online Branding Innovation 101

PYMNTS

FEBRUARY 8, 2018

Brick-and-mortar retail oftentimes gets a bad rap in 2018. Last year saw store closures spike 200 percent to 7,000 — the worst retail bloodletting since the dark days of the 2008 recession. The widely shared consensus is that this could all get quite a bit worse for physical retail before it gets better.

Chicago 102

Chicago Retail Boston New York 102

PYMNTS

APRIL 13, 2020

At some point after the COVID-19 crisis passes, retailers will need to reckon with artificial intelligence (AI). But if data is the new oil for retail competition, AI is the jet fuel. And if the retail comeback from COVID-19 contains order and purchase spikes, ignoring AI could come at a price. to increase sales.

Big Data 256

Big Data Retail Data Analysis 256

Bank Innovation

DECEMBER 9, 2019

First there was the financial crisis of 2008. Then years of negative interest rates. Now, banks face what one financial regulator calls the “real game changer.” Jesper Berg, the head of the Financial Supervisory Authority in Denmark, says the next big threat for banks is the rapid spread of big tech into financial services. The […].

Data 221

Data Regulation Compliance Security 221

TheGuardian

NOVEMBER 22, 2023

of the high street bank it bailed out in the 2008 financial crisis Business live – latest updates The UK government will explore options for selling off its remaining 38.6% of the high street bank it bailed out in the 2008 financial crisis Business live – latest updates The UK government will explore options for selling off its remaining 38.6%

Groups 60

Groups Retail Marketing 60

PYMNTS

DECEMBER 21, 2016

Founded in 2008, CashStar began under the premise that digital gift cards would be the death of plastic, said Gerry Gilbert, VP of product. According to data from the National Retail Federation, about 15 percent of holiday sales were returned last year — an estimated $90 billion worth of merchandise.

Retail 100

Retail Portland Cards National 100

Chris Skinner

APRIL 13, 2016

They launched a new retail bank subsidiary in a country in 2008. Can’t give too much detail therefore, but here’s how the conversation went: “So, what’s it like working for MegaRetailBank?” Shocking”, he said. They are completely branch focused. Here’s an illustration. That country …

Retail 150

Retail Digital Banking Innovation Fintech 150

PYMNTS

MAY 24, 2017

Location is everything, and PlaceIQ has created a new way for retailers to leverage it. We really passionately believe in the power of location to solve real business challenges for retailers, casual dining – for all sorts of businesses,” said CEO and Co-Founder Duncan McCall. How much foot traffic is their store seeing?

Retail 105

Retail New York City Colorado Analytics 105

PYMNTS

AUGUST 19, 2016

And one exec from Merkle , the data-based marketing agency with over 100 prominent retail clients, believes retailers need to start planning their holiday shopping strategies now. Retailers should gauge holiday shopping sales accordingly. 18) entitled “5 Ways To Stay Off The eCommerce Naughty List This Holiday Season.”.

Retail 100

Retail Online How To Strategy 100

South State Correspondent

APRIL 10, 2023

CRE Risk Circa 2008 If all this feels too familiar, these are the same conditions that were present in late 2007 when the Fed raised overnight rates from 1.00% to 5.25%, and many financial institutions had a negative market-to-market on their assets. However, office, traditional retail, and others are likely heading for trouble.

Community Bank 195

Community Bank Community Los Angeles Regional 195

PYMNTS

JANUARY 31, 2021

The chaos resulted in a severe drubbing for some of the larger Wall Street hedge funds, including Melvin Capital , which took a hit of 53 percent after retail investors drove up stocks that it had bet against. hedge funds, with both buying and selling at their highest rates since the financial crisis from 2008.

social media 169

social media Capital Study Retail 169

PYMNTS

JULY 2, 2020

a veritable “who’s who” of retailing legends, including Macy’s, Nordstrom, JCPenney and Sears. s Centre for Retail Research, 2,123 stores operated by 38 large and medium-sized retailers – which employed 49,200 staff – fell into administration in the first six months of this year. s John Lewis – and, in the U.S., All in one day.

Retail 246

Retail New Jersey Guidelines Texas 246

PYMNTS

JANUARY 8, 2019

After 126 years in business as an iconic American retailer, Sears Holdings has reportedly turned down a bid by Chairman Eddie Lampert to help it stay open. The hedge fund will reportedly refer to the advisory fees incurred by Sears over its bankruptcy, which are said to make up a portion of the retailer’s administrative expenses.

Retail 177

Retail Report Online Payments 177