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JULY 5, 2020

Federal workers, through partnerships with several online retailers, will now be able to purchase equipment like desks or office supplies through an eCommerce network for the first time, The Washington Post reports. The GSA is estimated to spend around $6 billion per year on open market credit card purchases.

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PYMNTS

MARCH 12, 2020

Quick: Who’s the biggest retailer in the U.S.? In terms of sheer size and locations, the United States Postal Service (USPS) is the biggest retailer in the country, with 31,000 locations covering pretty much every town. Now, a new report is asking a good question: What if the post office expanded its retail offerings?

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PYMNTS

FEBRUARY 11, 2019

Retail furniture giant Ikea’s recent acquisition of handyman site TaskRabbit shows that it’s aware of competition from other online-only furniture retailers, and their push of services like installation and delivery, according to a report by Reuters. percent in 2014 and much lower than its share in Germany, at 12 percent.

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PYMNTS

MAY 16, 2016

The retail sector in the region grew by 209 percent from $4.4 billion in 2014, more than tripling in fewer than five years. Others, including the Confederation of Indian Industry and reporting firm Deloitte, predict the online retail sector in India will reach $1 trillion by 2020. billion in 2010 to $13.6

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APRIL 10, 2020

Fruit Street – a virtual one-stop-shop specializing in digital diabetes diagnosis and treatment – has partnered with vegetarian meal kit purveyor Purple Carrot to add a retail angle to its health advisory service. In fact, the $17 million raised by the company since its founding in 2014 has come strictly from those physicians, not VC funding.

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PYMNTS

AUGUST 12, 2019

News came last week that Facebook is trying to get into the video streaming subscription business and attempt to steal market share from YouTube and Amazon. Subscription commerce is attractive to entertainment platforms as well as retail businesses because it locks in revenue streams, and customer data can help with planning and forecasting.

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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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PYMNTS

NOVEMBER 3, 2020

These are the top stories in retail for Tuesday (Nov. The automotive market is surging during the pandemic, and companies like Carvana are reaping the benefits. The company reported a stellar third quarter as used cars and contactless delivery are driving the market. Wayfair, Home Furnishings Sector Looks Past COVID Winter.

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DECEMBER 28, 2018

Indian Prime Minister Narendra Modi is feeling pressure as many small retailers and traders — a key bloc for his reelection hopes — view his recent curbs on eCommerce as not doing enough for them, according to a report by Reuters. That group, comprising of about 25 million small business owners, mostly supported Modi in 2014.

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PYMNTS

JANUARY 16, 2020

Close the door and buckle up – retail automotive sales are getting an upgrade. Vroom said it will use the capital to invest in expanding its workforce, technology, operations and marketing, as well as products. million vehicles were purchased in 2014. Some of the changes are coming via artificial intelligence (AI).

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JUNE 13, 2018

Amazon is replacing some of its retail veterans with software that predicts what shoppers want and how much merchants should charge for it. The shift to automating retail team jobs started several years ago with an initiative called “hands off the wheel.”

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PYMNTS

MAY 24, 2016

American retailers are showing a voracious appetite for global real estate expansion as they build their footprint overseas. The rapid expansion has a hit a new high with American retailers opening more stores abroad than retailers from any other country, findings from a new CBRE report say. The closest competitor to the U.S.

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FEBRUARY 17, 2020

The eCommerce-physical location hybrid is marking 2020 with a presence at the world’s leading marathons throughout the year (New York City, Boston, Berlin, Tokyo and London) and is seeing a bounce in sales tied to a comeback in high-performance running shoes, which is a market Taylor is planning on entering with the Tracksmith brand.

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FEBRUARY 26, 2016

A lesson that is particularly true in retail — where merchants’ main and overriding goal is to be one with the will of the people, with people being synonymous with consumers. It also, as it turns out, gives normal people a voice — and with that voice a better shot at influencing outcomes. She’s loud and proud.

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NOVEMBER 30, 2016

-based digital loyalty service provider for small and medium-sized retailers and restaurants Loyalzoo recently announced that it has added a new feature to run alongside its subscription loyalty program offering. Outgoing marketing messages are categorized according to recorded customer purchasing behavior.

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PYMNTS

JANUARY 29, 2019

In the United States, Shark vacuums run the market — it’s the top selling upright brand and owns 35 percent of the market. Not bad for a firm that in 2010 controlled only 1 percent of the market. and Europe over that last few years, and the firm “fully intend[s] to become UK market leader” in floor care. “We

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PYMNTS

FEBRUARY 10, 2020

Amazon holds the dominant edge in the market for smart speakers, as about 70 percent of people in the U.S. That makes the online retail behemoth the definite leader in that field, and it’s expected to hold that lead through 2021, according to estimates from eMarketer. 9) by eMarketer.

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PYMNTS

AUGUST 10, 2016

Supermarket chains dominated a list of hottest retailers in 2015, according to information released by the National Retail Federation’s (NRF) STORES magazine. The NRF released its annual list of Hot 100 Retailers on Aug. domestic sales with sales of at least $300 million based on figures compiled by Kantar Retail.

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PYMNTS

JUNE 7, 2019

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.

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PYMNTS

MARCH 7, 2018

To help merchants and other service providers convert more consumers at the point of sale, LendingPoint has unveiled LendingPoint Merchant Solutions, a platform that will provide fully integrated one-stop retail financing, the company said in an announcement.

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PYMNTS

MARCH 6, 2020

The typical American household spends $65,960 per year, the largest share of which goes toward retail spending — 30.8 percent of total consumer retail sales as of 2019 and nearly half (49.4 eCommerce retail sales. That big jump in market share is explained by the massive uptick in sales on Amazon in the last five years.

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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. As a result of the series of retail fails, the default rate of high-risk U.S.

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PYMNTS

MARCH 7, 2016

While some Asian country economies may be slowing down, the health of the online retail markets across the continent is booming. That same report goes on to detail how these five Asian online economies have already outpaced the combined online retail markets in the U.S. trillion by 2020.

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PYMNTS

OCTOBER 30, 2018

It was only about two months ago — August, in fact — when the prediction came out: Amazon , the eCommerce operator that had recently made moves into healthcare, deepened its power in grocery and continued to grow in other parts of retail (and cloud computing), would hit $2.25 trillion in market capitalization by 2024. percent in 2017.

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PYMNTS

OCTOBER 21, 2019

Brick-and-mortar retailers, as well as online merchants, are offering consumers all sorts of products and services through the subscription business model, from movies to tea. And retailers are offering innovative subscriptions for all sorts of products. per month.

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PYMNTS

MARCH 22, 2016

While this early part of 2016 has been some tough sledding for Nordstrom on the sales and revenue front, The Street in many corners continues to look favorably on the high-end retailer. Plus, Nordstrom is committed to expanding their relationship with their emerging retail partners beyond real estate alone.

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PYMNTS

APRIL 22, 2020

Lord & Taylor is mulling a bankruptcy filing as the coronavirus lockdown continues to negatively impact nonessential retail, while JCPenney recently skipped an interest payment. But in grocery, GrubMarket is taking the hybrid model to the farmers’ market and has seen higher online grocery business since the crisis began.

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PYMNTS

JANUARY 20, 2017

As retail pushes further into online spaces, many marketers and merchants alike are focused on clicks and open rates to measure the success of campaigns and consumer outreach, said Matt Williamson, cofounder and CEO of Windsor Circle. With its Predictive Lifecycle and Marketing Platform, the Durham, N.C.-based

Retail 100

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PYMNTS

APRIL 7, 2016

TechCrunch reports that, yesterday (April 6), Thrive Market launched a version of its app — previously only available on iOS — for the Android platform. Through its “Thrive Gives” program, shares TechCrunch, for every paid subscriber that Thrive Market brings on board, the company donates a free membership to a low-income family.

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MAY 15, 2017

retails sales are showing some signs of warming up with the weather. That is the biggest pick-up to retail sales in the last three months, according to the Commerce Department. The report stands in contrast to the latest run of retail sales results out of various U.S. The labor market continues to improve.”. percent rate.

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AUGUST 11, 2016

Back-to-school shopping has started earlier than usual this year, and retailers have Amazon to thank. According to a report, shoppers took advantage of Amazon’s Prime Day to stock up on back-to-school supplies, which is leaving retailers playing catch-up if they want to cash in on what is a lucrative time of year for them.

Retail 100

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PYMNTS

SEPTEMBER 4, 2017

Venture capitalists are funding new entrants to the field, and features like authenticity guarantees, postings to social media, the use of data and post-sale services could propel the industry forward, according to a new report from Fung Global Retail & Tech. Smaller firms are growing quickly and making gains in the market.

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AUGUST 28, 2019

The answer may hold lessons for other retailers eager to do more in the Chinese market. As well, other foreign retailers have stumbled on the general path that Costco seems to be taking in China. Additionally, the smartphone market is getting saturated. Costco Wholesale Corp.

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Retail Trends Apple Metro 100

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DECEMBER 10, 2018

Regulators in the European Union looked at Apple Pay , the company’s mobile payment system, and came to a conclusion about its market dominance, according to a report by Reuters. 10) that they found Apple was not market dominant, but that they could review the issue again if they received any formal complaints.

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JANUARY 18, 2021

The integration is slated to give JioMart control of India’s retail market, which is estimated to reach $1.3 Reliance Retail will then pose a formidable challenge to Flipkart and Amazon for eCommerce domination in the country. “It The JioMart integration is essentially adding a retail layer for WhatsApp chats.

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PYMNTS

NOVEMBER 7, 2018

There are many, many retailers and brands trying to outfit the world, and standing out in the crowd is difficult. The funds from sales generally do not flow back to Cuba, instead paying for marketing, taxes and payment for future printings. as relations between the two nations began to improve in 2014.

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BankUnderground

OCTOBER 5, 2022

But bonuses could be really important to understand labour market tightness – a topic of much interest at the moment. Businesses appear to be using bonuses to attract or retain talent in today’s tight labour market, allowing them to compete for talent without locking themselves into higher permanent salaries.

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