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.

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Retail Online Mobile Data 198

PYMNTS

NOVEMBER 7, 2019

That means retailers have a whole week less to sell during the holidays. As a result, retailers are starting the shopping season early this year and offering delivery incentives, Reuters reported. The holiday shopping season is important for retailers, and many rely on the revenue to make or break the year.

Retail 101

Retail Meeting Online Report 101

PYMNTS

APRIL 8, 2016

Online retail is known for moving fast, and sometimes, the execs pulling all the levers behind the scenes move even faster. Walmart confirmed on Thursday (April 7) that Brian Monahan, formerly the head of marketing for the retailer’s U.S. online operations, had vacated his post effective April 1.

Online 100

Online Conference Boston Retail 100

PYMNTS

MARCH 5, 2019

JD.com, one of the biggest eCommerce retailers in China, has teamed up with Google to launch a store on Google Express, according to a report by Reuters. . Google Express was launched in 2013 in a direct challenge to Amazon, in a bid for advertising revenue.

Google 116

Google Online United States Big Data 116

PYMNTS

AUGUST 10, 2017

At the basic level of retail industry chatter online, much of the focus is on the battle between brick-and-mortar versus eCommerce. Retailers at the local city level are seeing an impact under the digital transformation of the industry and should not be left out of the conversation.

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Retail New York City Online social media 108

PYMNTS

SEPTEMBER 30, 2019

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. Small tobacco retailers can therefore struggle to build visibility among consumers when entering new markets.

Retail 109

Retail Taxes Virginia South Dakota 109

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

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Online Company Retail Payments 98

PYMNTS

APRIL 17, 2020

And, for payments in apps or online, a virtual card number can be used. A customer could also lock their card and ask for a replacement but still can pay online or via phone with the virtual card number system. Google, for its part, rolled out a Wallet debit card in 2013 before closing it down in 2016.

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Google Cards Apple Branding 229

PYMNTS

NOVEMBER 8, 2018

It’s the big stage for retailers, the holiday shopping season – when all the consumer world is watching (and, merchants and payments providers hope, buying more than they did last year). And let these bad memories of holidays past guide you in the coming weeks to ensure that your retail and payments machine is running in top condition.

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Retail social media Online Taxes 129

PYMNTS

FEBRUARY 14, 2020

The tax will cover all online applications, including video, audio streaming, images, education and others. Walmart is Mexico’s biggest retailer. In 2013, they opened 214 new stores in the country. In 2019, the retailer opened 134 stores and grew its footprint in the country by 5 percent.

Taxes 239

Taxes Video Retail Online 239

PYMNTS

MAY 18, 2018

This week, on May 17, debit-based cannabis payments solution CanPay announced its eCommerce integration , enabling customers to pay for cannabis products online via direct link to their checking account. Retailers that offer delivery put their employees at risk for the same reasons. So, alternatives have been developed.

Online 114

Online Retail Cards Industry 114

PYMNTS

APRIL 4, 2018

Just because a retailer was created for the internet doesn’t mean it has to stay on the internet. Digitally-native retailers, such as thredUP , are turning to brick-and-mortar stores to reach consumers, too. thredUP, though, works a little differently from traditional retailers. by the end of 2018, CNBC reported.

Retail 103

Retail New York City San Francisco New York 103

PYMNTS

AUGUST 12, 2016

That question has become the bane of eCommerce’s existence and one that numerous retailers have been trying (and failing) to solve. In 2014 alone, about $4 trillion in merchandise was simply abandoned and never purchased in online shopping carts by consumers. What’s going on here? cart abandonments.”.

Online 100

Online Apple Retail Mobile 100

PYMNTS

DECEMBER 13, 2019

Although retailers kicked off an earlier shopping timetable, toy discounts have plummeted this holiday season, Bloomberg reported on Thursday (Dec. There were fewer discounts on toys for online shoppers, despite an average of 15-18 percent price cuts into Cyber Monday. Barbie from Mattel is still the most popular holiday toy for girls.

New York 131

New York Retail Online National 131

PYMNTS

APRIL 13, 2018

It was a record-breaking first quarter for retailers in the U.S. According to a report issued by Moody’s earlier this week, the retail sector managed to notch a record number of defaults during Q1 2013, with nine retailers defaulting on their debt. corporate borrowers has increased to 3.9 percent, compared with 3.4

Retail 116

Retail Course Washington Marketing 116

PYMNTS

NOVEMBER 18, 2019

Against that backdrop, considering the speed at which states are accepting online sports betting (and the strength of the dollars flowing into the space), legalized gambling via mobile seems a sure wager. Several other states have online gambling legislation in the works. Going back to 2013, when the legalized U.S.

Online 108

Online How To Payments Mobile 108

PYMNTS

MAY 16, 2016

The retail sector in the region grew by 209 percent from $4.4 As the online economy booms, many are rushing to make predictions about continued growth, The Economic Times reports. billion in 2010 to $13.6 billion in 2014, more than tripling in fewer than five years. Compare this with Australia (90 percent), the U.S. (87

Retail 100

Retail Marketing Online Mobile 100

PYMNTS

DECEMBER 29, 2020

According to Mastercard ’s SpendingPulse transactional analysis, total retail spending for 2020’s 75 days of Christmas was up 3 percent, and eCommerce sales were up 49 percent — good for the stay-at-home economy and tough sledding for department stores. percent overall and 31 percent online.

Retail 180

Retail Branding Analytics Online 180

PYMNTS

DECEMBER 26, 2019

Lotte, a South Korean conglomerate, is shutting down its Vietnamese online marketplace, lotte.vn, which allows merchants to connect with buyers, according to Deal Street Asia. The move is indicative of the trend toward “new retail,” which is the blending of eCommerce and traditional retail.

Retail 130

Retail Groups Maine Google 130

PYMNTS

NOVEMBER 18, 2020

The company’s good fortunes come as people have largely stopped trying to conduct business transactions in person that they can do online. Chime was founded in 2013 as a challenger bank, focusing on the demographic of Americans earning between $30,000 and $75,000 per year, although this demographic has widened in the pandemic.

Mobile 213

Mobile Digital Banking Online Trends 213

PYMNTS

MAY 19, 2019

Earlier this month it was reported that the French retail giant was looking to fetch about $1 billion for the Chinese business. The three companies planned to collaborate on data, mobile payments and smart retail. In addition, the retailer is facing competition from online rivals, especially Amazon.

Retail 134

Retail Operations Online Report 134

PYMNTS

MAY 5, 2016

Absolutely no need to panic, then — unless the topic is retail bankruptcies , which increased year over year by 24 percent. Such is the double-edged sword of a retail industry swept up in innovation. For every new path cut through the market, the retailers standing in the way are cut down. January — Wet Seal. As of Feb.

Retail 100

Retail Branding Denver Management 100

PYMNTS

JULY 3, 2017

Even in the quiet seasons, the online travel market is susceptible to the trade winds, and they don’t always blow in agents’ favor. But what hurts a business (especially a small one) more than an October snowstorm is when online fraudsters use CNP transactions to steal their services. The End of Excessive Card Surcharges.

Online 112

Online Payments Fraud Cards 112

PYMNTS

FEBRUARY 21, 2017

Following the 2013 policy reform by the Chinese government, which reduced duty tax on overseas goods, it’s no surprise there’s been an uptick in online purchases. The main two categories that have garnered the most attention for Chinese consumers have been cross-border eCommerce and online food sales. Here are the numbers: $17.22

Data 100

Data Taxes Maine Online 100

PYMNTS

FEBRUARY 6, 2020

The company, which was founded in 2013, also offers customers the opportunity to buy in-store or order online for delivery, in a bid to reinvigorate what has mostly been an untapped area of delivery services. Foxtrot announced on Wednesday (Feb. The company offers on-demand delivery of everything it offers from its app.

Dallas 131

Dallas Chicago Branding Online 131

PYMNTS

MAY 3, 2019

Still, women make up about 55 percent of online spending, which is still much more than their population proportion. Those events offer coupons and discounts as retailers fight over the female dollar. Between 2014 and 2017, women spending on the day increased 64 percent on Alibaba’s Taobao, which is China’s largest online marketplace.

Online 118

Online Retail Report 118

PYMNTS

JUNE 18, 2020

The company noted in a separate tweet that its systems had been completely brought back online and its web platforms were working. “We Robinhood was at the heart of a recent increase in day trading, with retail investors stuck in their residences because of pandemic restrictions. The app was up in under an hour.

social media 174

social media Millennials Marketing Financial Technology 174

PYMNTS

MAY 5, 2020

The company has brought in more than $50 million in financing for small companies throughout the country since 2013 by “breaking down the barriers of traditional banking,” according to an announcement. ” The firm said Fulfill by Amazon (FBA) sellers have a “tremendous opportunity” to expand with the online economy.

Lending 159

Lending Online Tools Capital 159

PYMNTS

APRIL 10, 2020

Sashank Rishyasringa and Gaurav Hinduja rolled out Capital Float in 2013. It aids small manufacturers, business-to-business (B2B) service providers and online retailers. The startup’s board had set aside just under 93,000 Series E preference shares with an INR 100 nominal value, Inc 42 reported.

Capital 230

Capital Lending Fintech Meeting 230

PYMNTS

JANUARY 10, 2017

From 2000 to 2013 (the last time period there is data for), prices on the things that most poor people buy disproportionately, such as food and sundries, and pay, such as rent and utilities, have risen steadily for 139 of 168 months, according to the Chicago Federal Reserve. SNAP online . Things actually do cost more. .

Online 100

Online Chicago New York Mississippi 100

PYMNTS

JUNE 22, 2020

The advent of online shopping for high-end items, however, has made it more difficult for fashion houses as well as other merchants to support expensive rents at a times when sales have dropped at the Fifth Avenue spot for a number of luxury fashion labels.

Branding 131

Branding New York Retail Report 131

PYMNTS

FEBRUARY 6, 2020

The retail angle (outside of Nike’s own stores) is that the company is betting consumers will be attracted to environmentally friendly products, regardless of whether they have a “swoosh” or not. “The 6), marking his first television interview since taking the helm at the retailer last month. “It

Millennials 152

Millennials Miami Retail Examples 152

PYMNTS

OCTOBER 21, 2019

Retail chain Destination Maternity reportedly filed for bankruptcy on Monday (Oct. According to CNBC , the retailer is “buckling under the weight of an onerous debt load and struggling to compete with better capitalized competition.” The company owns 458 stores in the U.S., billion in 2013, representing a 2.10 Larger Trends.

Trends 101

Trends Retail social media Online 101

PYMNTS

FEBRUARY 16, 2018

The eyeglass retailer is aiming to have approximately 100 stores in the U.S. Warby Parker currently has 64 stores in markets the retailer carefully chose. We think the presentation by retail experts of ‘either [online] or [offline]’ is a false choice,” Warby Parker CEO Neil Blumenthal told CNBC. “It

New York 101

New York Retail Online Meeting 101

PYMNTS

OCTOBER 21, 2016

Retailers that are unable to call on substantial financial reserves are struggling in the current environment. Consumers want everything these days, from online shopping with one-click ordering and fast delivery to an exciting and high-tech shopping experience at physical stores. billion leveraged buyout in 2013. percent to $1.19

Retail 100

Retail Marketing Branding Austin 100

PYMNTS

DECEMBER 24, 2019

There were fewer discounts on toys for online shoppers, even with an average of 15 percent to 18 percent price cuts going into Cyber Monday. Toy prices were slashed 31 percent last year, UBS Analyst Arpine Kocharyan wrote in a note noting online shopping trends monitored by Adobe. Price discounts were approximately 19 percent in 2017.

Branding 131

Branding Video Online National 131

PYMNTS

OCTOBER 25, 2017

According to a Reuters news report, the move will enable Amazon to expand its reach in Mexico and to compete with Walmart de Mexico , also known as Walmex, along with other retailers pushing Mexican consumers to shop online. “It and only slightly above Walmex ’s online revenues. and only slightly above Walmex ’s online revenues.

Marketing 124

Marketing United States Online Retail 124