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UK Avoids Recession Amid Worst Economic Slowdown Since 2010

PYMNTS

economy ducked a recession but the economy grew at its slowest annual rate since the third quarter in 2010, Reuters reported on Monday (Nov. percent compared with the previous quarter, according to data from the Office for National Statistics released on Monday. Economic output grew 0.3 Economists polled by Reuters had forecast a 0.4

Survey 101
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Retailer Gap Partners With BNPL Platform Afterpay To Boost Holiday Shopping

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Buy now, pay later (BNPL) payments platform Afterpay is teaming up with retailer Gap to offer flexible spending options as the holiday shopping season gears up. The Australian startup founded in 2010 has added a number of new brands over the summer, including Charlotte Tilbury, Fenty Skin, Fila, Huda Beauty, Puma and Vineyard Vines.

Retail 222
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Retailers Give Fresh Focus to Single Consumers

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Single consumers are a force of nature as well when it comes to retail. Single people, often neglected by many retailers – at least based on complaints and stereotypes found online – seem to be getting fresh attention in this era of online and mobile shopping, and shopping clubs. Take Costco, for instance. Singles’ Day.

Retail 133
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Punjab National Bank Continues Internal Investigations Into $2B Diamond Heist Scandal

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India’s Punjab National Bank (PNB) is conducting an internal investigation into an alleged $2 billion fraud, vowing to come down on anyone involved in the crime. “We The scandal involves firms associated with diamond merchants Nirav Modi, the billionaire jeweler, and his uncle, Mehul Choksi, who heads jewelry retailer Gitanjali Gems.

National 100
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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

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These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. Retailers in high-tax states have largely not been able to build themselves up or expand online beyond their local markets to the same extent, Rogers said. .

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How Millennials Are Propelling Halloween To New Retail Heights

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Retailers are set to clean up this Halloween, as 2017 is looking to be a record-setter for consumer spending during the holiday. Halloween is no longer just for the kids and those with kids,” wrote Allison Zeller, director of research for the National Retail Federation (NRF). In fact, holiday spending is expected to hit $9.1

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Canada’s Lightspeed POS Inc Raises $179M In IPO

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National Bank Financial, JPMorgan Chase & Co. s 2010 U.S. The news comes after Lightspeed launched its Lightspeed Payments offering for retailers based in the United State that integrates payment processing with a POS for merchants operating physical and online shops. and Bank of Montreal headed up the share of sales.