PYMNTS

FEBRUARY 3, 2020

Consumers are firing brick-and-mortar retailers from the jobs they held years and decades before. To get their shopping jobs done, consumers are now hiring retailers that make it convenient to do business – anywhere, anytime, through any channel and on their terms. When Buy Online, Pick Up In-Store Goes Horribly Wrong.

Retail 172

Retail Online Study Meeting 172

PYMNTS

APRIL 4, 2016

After years of slow growth brought on by the financial crisis, retail rents are recovering and are on the rise. As of Q1 2016, vacancy rates were hovering around 10 percent in 80 major U.S. As of Q1 2016, vacancy rates were hovering around 10 percent in 80 major U.S. Supply is also an issue in Denver.

San Francisco 100

San Francisco Retail Denver New York City 100

PYMNTS

JULY 27, 2016

Retailers might want to rejoice! Because consumer spending is expected to be higher than anticipated in 2016, with sales growing at a rate of 3.4 percent, the National Retail Federation said on Tuesday (July 26). Economic indicators are showing positive trends for retail,” NRF President and CEO Matthew Shay said in a statement.

Retail 100

Retail National Trends Online 100

PYMNTS

OCTOBER 17, 2017

The business advisory firm FTI Consulting has forecasted that online retail sales in the United States will top $1 trillion by 2027 , CNBC reports. The firm expects eCommerce to grow from the current figure, $445 billion, as consumers continue to move away from traditional retailers.

Retail 114

Retail Online United States US 114

PYMNTS

AUGUST 22, 2018

The online marketplace has disrupted any number of verticals, changing the way we shop and spend, and where we grab must-have items — from books to rugs to lamps, and sometimes from across international borders. We operate the only truly global luxury digital marketplace at scale, seamlessly connecting brands, retailers and consumers.

Online 101

Online Retail Branding Data 101

PYMNTS

MARCH 3, 2017

To show how much eCommerce has impacted shopping, 1010data released its 2016 Online Consumer Packaged Goods (CPG) Industry Report this week. These items sold two times as fast as the total amount of eCommerce sales, which may in part be due to more online retailers providing a two-day delivery option to help expedite growth.

Online 100

Online Report Branding Retail 100

PYMNTS

JANUARY 27, 2017

26) that online sales for retailers in France may rise as much as 11 percent in 2017 to $85.85 percent jump in 2016. During 2016, French shoppers spent €72 billion making purchases online. The performance for 2016 included the holiday shopping season, which contributed €14 billion. The most popular retailer?

Online 100

Online Retail Mobile Report 100

PYMNTS

JANUARY 23, 2019

this year as the leading retail market around the world. According to eMarketer’s worldwide retail and eCommerce forecast, in 2019 China’s total retail sales are forecast to increase 7.5 That compares to retail sales in the U.S. That means China’s retail sales are expected to surpass the U.S. percent of retail.

Retail 181

Retail Marketing US Online 181

PYMNTS

FEBRUARY 15, 2017

Given this fast consumer-driven nature, retailers can’t keep track. According to TimeTrade’s State of Retail 2017 Survey , retailers missed out on $150 billion in sales during the 2016 year by not catering to this consumer desire for a more personalized experience. We know consumers are willing to pay for better service.

Retail 117

Retail Survey Trends Examples 117

PYMNTS

JULY 25, 2017

Within the retail industry specifically, artificial intelligence (AI) is moving the ball for a lot of merchants looking to not only streamline their business operations but provide a more personalized experience for consumers. In 2016, online financial fraud hit 15.4

Fraud 196

Fraud Online Retail Maine 196

PYMNTS

DECEMBER 17, 2020

In today’s top retail news, StockX has landed $275 million in a Series E funding round, while Rite Aid Corporation reported as part of its fiscal 2021 third quarter results that revenues rose by 12 percent. Fashion Retailer rue21 Strikes Deal To Retire Debt. Clothing retailer rue21 (r21 Holdings, Inc.) million members.

Retail 226

Retail Report Company Pennsylvania 226

PYMNTS

OCTOBER 13, 2020

Afterpay has announced its in-store buy now, pay later (BNPL) service is being offered by major retailers at locations across the country. Shoppers can use Afterpay to buy items in select retail stores using their Afterpay card, a virtual, contactless card stored in their digital wallet,” the firm said in a Tuesday (Oct.

Retail 130

Retail United States Millennials Branding 130

PYMNTS

NOVEMBER 19, 2020

Dutch retailer Ahold Delhaize — owner of grocery behemoths Giant and Stop & Shop — has acquired a majority stake in supermarket delivery startup FreshDirect amid an online shopping surge propelled by COVID-19. “We FreshDirect gets a parent with real buying power and the means to further expand in East Coast markets.”.

Retail 153

Retail New York City New York Operations 153

Bank Innovation

APRIL 19, 2017

Chinese consumers sent about $3 trillion in payments through Alibaba and Tencent payment services in 2016. According to a new report released by the UN-based Better Than Cash Alliance, users sent $1.7 trillion in […].

Payments 305

Payments Report Online Mobile 305

Bank Innovation

DECEMBER 18, 2018

In retail that happened some time ago — for example, consumers not only expect to be able to shop in person or online, they expect to be able to view merchandise in stores and purchase it online (or […].

Examples 186

Examples Online Retail 186

PYMNTS

MAY 1, 2017

After a full year in service, Goldman Sachs Bank USA is celebrating its first full year in retail and its online deposit platform’s success. Since its inception a year ago, the online deposit platform, which Goldman Sachs purchased from GE Capital Bank, has garnered $4 billion deposits without a major marketing push.

Online 100

Online Retail Tools Strategy 100

PYMNTS

AUGUST 12, 2016

It’s never been easy to work in retail, but 2016 has been a particularly tough time for retail workers since the only thing tougher than working in retail, is to suddenly find oneself not working in retail. “The traditional retail industry in some respects is facing Armageddon.

Retail 100

Retail Study Online Industry 100

PYMNTS

DECEMBER 30, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of An Incredible Shift In Retailer And Consumer Expectations. The two go hand in hand from a payments perspective.

Retail 129

Retail eBook Payments blockchain 129

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.

Retail 100

Retail Marketing Online Mobile 100

PYMNTS

MARCH 25, 2016

Especially as online retail has become an essential part of even strictly brick-and-mortar brands, how well a retailer’s web page performs can have a major impact on sales. Unfortunately, for non-retail brands, they’re getting lapped by online retailers’ faster load times.

Retail 100

Retail Online Branding Industry 100

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.

Retail 100

Retail Online New Jersey Houston 100

Bank Innovation

JANUARY 26, 2018

launched its Marcus digital bank in late 2016, the conventional wisdom was the investment bank wanted to expand into retail banking. EXCLUSIVE— When Goldman Sachs & Co. But, apparently, that’s not the whole story. Marcus, it seems, is an asset pricing play, Goldman’s CEO implied yesterday.

Retail 262

Retail Video Digital Banking Bitcoin 262

PYMNTS

JULY 9, 2018

After Macy’s cyber tools detected suspicious logins on June 11, the retailer is warning customers about a data breach. The retailer said that a threat targeted the profiles of customers for nearly two months, Detroit Free Press reported. The website Orbitz.com was not impacted.

Online 134

Online Data Detroit Retail 134

PYMNTS

MAY 5, 2016

In fact, in Q1 2016, Chapter 11 filings from commercial companies actually fell 5 percent across the board. 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. January — Wet Seal.

Retail 100

Retail Branding Denver Management 100

PYMNTS

DECEMBER 30, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of The “Ecosystem,” Redefined.

eBook 140

eBook Payments Customer Experience Retail 140

PYMNTS

JUNE 5, 2019

It’s not enough to just be a retailer these days, it seems. The retail chain reportedly has been in discussions with Triad Retail Media , the retail advertiser owned by WPP PLC, to acquire it. WPP had purchased Triad for about $300 million in 2016 from Rockbridge Growth Equity, the private equity firm.

Retail 165

Retail Video Google Branding 165

PYMNTS

AUGUST 28, 2019

So-called Generation Z is also driving much of the innovation when it comes to retail. To reach consumers on the hunt for offerings that are “clean and natural,” the retail chain rolled out its Everspring household brand. And six in 10 shoppers said it factored into their decision of where to transact, Retail Dive reported.

Retail 148

Retail Trends Millennials Survey 148

PYMNTS

MARCH 29, 2020

Call it the retail gap that eCommerce can only partly fill. the lowest showing since October 2016, according to CNBC. But eCommerce can only go part way, not the whole distance, in offsetting a devastating hit to retail as we have known it. percent of consumers surveyed said they were shopping online, and 16.3

Retail 205

Retail Survey Course Study 205

PYMNTS

NOVEMBER 5, 2018

Those promise to stand as two main traits of the 2018 holiday shopping season , and retailers that gain an edge and increase revenue during the all-important fourth quarter will likely have exploited such tactics during this period, at least according to new data that strives to paint a detailed picture of U.S. Offline And Online Cozy Up.

Retail 179

Retail United States Millennials Study 179

PYMNTS

FEBRUARY 8, 2019

A recent survey showed that retailers are going to get some love on Valentine’s Day, according to reports. billion and also smashing the 2016 record of 19.7 People said they would spend an average of $161.97 on the holiday, which is up 13 percent from last year’s total of $143.56 and also topples the high of $146.84 2 and Jan.

Retail 150

Retail Survey Analytics Cards 150

PYMNTS

OCTOBER 10, 2016

As retailers improve their inventory and fulfillment options, the gap between in-store and online commerce appears to be shrinking, at least according to a new report. foot traffic to retail stores saw its largest drop, 9.9 billion in 2016, with large chunk of that coming during the holidays.

Online 100

Online Boston Retail Mobile 100

PYMNTS

JULY 21, 2017

No longer are retailers working with marketers to figure out a way to mass market products and services. With the advent of connected devices in the palm of almost every consumer’s hand, the retail ecosystem has certainly seen a shift. Through this omnichannel experience, retailers have more ways to connect with consumers.

Retail 137

Retail social media Customer Experience Boston 137

PYMNTS

AUGUST 17, 2017

It can be argued that some of the toughest buyers to keep in mind when planning out retail strategies are teenagers. While one day a teen may be into shopping strictly online, another day may see an offline preferred experience or a mixture of both, and retailers must be at the ready to transform engagement efforts at any given time.

Retail 127

Retail social media Online Mobile 127

PYMNTS

DECEMBER 26, 2019

Change came from various areas for retail in 2019. Retail merchandising was, at best, a hit-or-miss system in its heyday, Nextail CEO and Co-Founder Joaquin Villalba told PYMNTS in a recent conversation. Analytics, too, was another hot spot for retail change in 2019 and will continue to be for the 2020s. Role of Data.

Retail 132

Retail Trends Analytics social media 132

PYMNTS

MARCH 7, 2017

A new study from the NPD Group revealed how changing consumer needs and the evolving retail marketplace contributed to increased online apparel sales in the U.S. Dollar sales for women’s, men’s and children’s apparel grew by 3 percent in 2016, reaching $218.7 Last year, online sales represented 19 percent of total U.S.

Online 101

Online Retail Millennials Groups 101

PYMNTS

JULY 5, 2019

It’s not enough to just be a retailer these days, it seems. The retail chain reportedly has been in discussions with Triad Retail Media , the retail advertiser owned by WPP PLC, to acquire it. WPP had purchased Triad for about $300 million in 2016 from Rockbridge Growth Equity, the private equity firm.

Retail 139

Retail Video Google Branding 139

PYMNTS

NOVEMBER 13, 2017

In a press release , the Chinese online retailer said that in 2016, 82 percent of gross merchandise volume was settled through Alipay, underscoring Chinese consumers’ growing preference for digital payments. ” In this year’s shopping event , which dwarfs Black Friday and Cyber Monday in the U.S.,

Branding 123

Branding Retail Groups Online 123