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Amazon And Walmart’s Battle For Consumer Retail Spend

PYMNTS

But in other ways, it was business as usual, as the two biggest retailers in the world – Walmart and Amazon – posted stellar earnings numbers and competed in more muted ways for the U.S. via Amazon have increased from $86 billion in 2014 to $339 billion in 2019. percent for retail. consumer’s whole paycheck. That’s up from 9.6

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Why The Biggest US Retailer Will Stick To Stamps

PYMNTS

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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Federal Workers Allowed To Purchase Supplies From Online Retailers

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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. Leaders at Overstock said the new GSA initiative would help them with their retail operation.

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Physical Retail Isn’t Dead – The Physical Store Model Is

PYMNTS

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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Trunk Club Valued At Half What Nordstrom Paid For It In 2014

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In its third-quarter earnings release, the upscale retailer said it will be making a number of operational changes moving forward. Nordstrom acquired the business in 2014. Announcing that it is taking a $197 million write-down on Trunk Club, Nordstrom reps said future growth and profitability are lower than initial estimates.

Oregon 100
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Subscription Commerce Is Expanding Beyond Retail

PYMNTS

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. Subscription commerce isn’t immune to the retail data breaches that have become widespread, though it does have different payment issues.

Retail 118
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Auto Sales Race Toward A New Retail Future

PYMNTS

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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