PYMNTS

JANUARY 16, 2020

billion merger deal with Switzerland’s tourism shopping tax refund company Global Blue , earning it a listing on the New York Stock Exchange (NYSE), the companies announced Thursday (Jan. Global Blue runs airport kiosks and storefronts that enable shoppers to get sales tax refunds when they return home.

Taxes 130

Taxes New York Virginia Leadership 130

PYMNTS

JUNE 14, 2018

Sizzle of the Week: Retail’s 2018 Rebound. Retail has had a rough couple of years, as most players that aren’t Amazon have struggled to cross the digital, omnichannel chasm. On the whole, with some notable exceptions, retail has landed on our Fizzle list more often than the Sizzle list in recent memory.

Retail 108

Retail Bitcoin Course America 108

PYMNTS

FEBRUARY 16, 2018

tax code will help it post a profit in the not-too-distant future. Sears’ namesake brick-and-mortar brand led the declines, with same-store sales down 18.1 billion the retailer reported a year ago. To help turn things around, the company plans to shutter 103 additional stores in 2018.

Taxes 100

Taxes Branding Security Retail 100

PYMNTS

JANUARY 21, 2019

CEO Tina Sharkey believes that while consumers certainly want high-quality goods, they are tired of paying what she calls the “brand tax” for access to them. That tax, she noted , encompasses marketing, retailer margins and other expenses that can typically push up prices on brand-name beauty products by as much as 30 percent.

Branding 152

Branding Taxes Retail Marketing 152

PYMNTS

JULY 17, 2017

Citing an improved traffic and retail shopping trend, retailer Target upped its comparable target sales for Q2 2017. benefit in Target stocks, driven by the net tax effect of the company’s global sourcing operations. of pressure related to the unfavorable resolution of tax matters.

Taxes 102

Taxes Retail Trends Branding 102

PYMNTS

JULY 6, 2020

The death knell for malls tolled loudly in the media during the Fourth of July weekend as retailers continue to assess their long-term prognosis from the pandemic damage. More bankruptcies both announced ( Lucky Brand ) and rumored continue to shake the format. Stores will still take up 90,000 square feet of Avalon.

Community 132

Community Retail Seattle New York 132

PYMNTS

SEPTEMBER 3, 2019

million pre-tax loss for the first half of this year. After acquiring the pan-Asian restaurant Wagamama , earnings took a dive, in part due to a £102 million impairment charge for its leisure businesses, located in cinemas, retail parks and shopping centers. Another seven Wagamama locations are planned for 2020.

Groups 109

Groups Taxes Branding Study 109

PYMNTS

FEBRUARY 21, 2018

That was on top of news that Walmart’s increased profit-margin pressure was pushing an annual revenue estimate for 2018 that missed investor expectations. That mild miss, Walmart noted, came as the firm pulled forward some investments for tax purposes. Same-store sales, physical retail’s most-watched metric, grew 2.6

Online 100

Online Taxes Branding Retail 100

PYMNTS

AUGUST 3, 2018

Millennials, on average, are less brand-loyal than their parents or older siblings. They tend to like quality, have a strong preference for shopping online and enjoy a good bargain – but when it comes to buying from a specific brand? Not so much. They are packaged to limit waste and labeled for maximum transparency.

Branding 103

Branding Millennials Taxes Seattle 103

Accenture

MAY 30, 2019

Loss rates increased slightly YoY, and issuer after-tax returns are strong for those that report. Banks appear optimistic about the economic outlook but expect more moderate growth than 2018. Industry statistics (based on non-retail card issuers in scorecard section). Retail Card, Payment Solutions, and CareCredit).

Cards 158

Cards US Taxes Apple 158

PYMNTS

MAY 21, 2018

Magento brings digital commerce enablement and order orchestration to the Adobe Experience Cloud for both physical and digital goods across a range of industries, from consumer-packaged goods (CPG) to retail and manufacturing. Currently, Magento counts brands such as Canon, Helly Hansen, Paul Smith and Rosetta Stone as customers.

Community 114

Community Taxes Branding Groups 114

PYMNTS

APRIL 12, 2019

Robotics and automation were areas of focus for both retailers this week as they seek to upgrade their operations in an effort to capture more consumer spend. The move comes as cities and states are passing bans on cashless retail establishments, on the argument that such retail discriminates against unbanked consumers.

Taxes 100

Taxes Retail Columbus Operations 100

PYMNTS

SEPTEMBER 3, 2019

Three stores were shuttered in 2018 as profits dipped due to issues with the input tax credit. The TGI Friday’s brand will continue in India following the ownership change, The Economic Times reported on Monday (Sept. The restaurant has nine locations in India and has been in the country for more than 20 years.

Taxes 108

Taxes Industry Branding Groups 108

PYMNTS

JANUARY 17, 2020

Specifically, Global Blue focuses on tourists spending abroad, and offers products that help capitalize on tax-free shopping as they buy luxury goods. Holiday (and Post-Holiday) Shopping: Throughout the month of December helped push retail sales up more than 5.8 Retail sales were up 3.6 branded cards business grew by 10 percent.

Company 132

Company Payments social media United States 132

PYMNTS

FEBRUARY 11, 2020

For its three years in operation, Brandless generated no shortage of buzz with its concept of “private label for less” and the idea that the best brand is no brand at all. Under his leadership, the plan for the brand was to pivot into higher-margin, bigger ticket products such as CBD oil and move Brandless onto store shelves.

Branding 150

Branding Operations Leadership Millennials 150

PYMNTS

FEBRUARY 28, 2018

As we enter 2018, we are working diligently to improve execution with a focus on conversion, gross margin and inventory management,” CEO Robert Niblock said in a statement. Given the rapidly evolving competitive landscape, we are also accelerating our strategic investments, leveraging the benefits of tax reform.”. tax reform.

Nashville 100

Nashville Tennessee Taxes Course 100

PYMNTS

FEBRUARY 3, 2020

There was lots to watch in the world of payments and commerce last week, with red flags flown in physical retail, international commerce and crypto. Physical Retail Stumbles Into 2020 . The year got off to something of a rocky start for physical retailers, as the recent spike in store closures carried on and even picked up strength.

Bitcoin 132

Bitcoin Data Retail Charlotte 132

PYMNTS

JANUARY 27, 2020

Indeed, when it comes to younger consumers these days, eSports are reportedly on the rise (including with high school students), and are even prime part of plans to revive retail malls and to collect more states taxes , as PYMNTS has covered. As a result, consumers aren’t stuck with watches they no longer want to own.

Video 226

Video Trends New York Report 226

PYMNTS

OCTOBER 22, 2018

In fact, they have favored brands, with iTunes and Google Play cards popular favorites. As of September 2018, losses from gift-card fraud have hit $53 million. They may pretend to be the IRS and tell people they cannot use other payment methods because of their delinquent tax status,” according to the FTC.

Data 134

Data Fraud Cards Regulation 134

CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. This year in the US, JP Morgan launched mobile banking app Finn and Goldman Sachs’ retail banking arm Marcus crossed 1.5M Incumbents Play Catch-Up.

Retail 78

Retail Cards Millennials Mobile 78

PYMNTS

FEBRUARY 6, 2018

Minus a tax benefit and a few other adjustments, the company earned $0.64 The company declined to provide 2018 estimates during the earnings conference call on Tuesday, instead choosing to keep that information under wraps until its Investor Day on Thursday (Feb. 6) from CNBC. Net income lifted to $195.5 million ($2.13 million — a 5.3

Massachusetts 100

Massachusetts Conference Taxes Course 100

PYMNTS

DECEMBER 13, 2019

We see more of this going forward as our new bottom-up US package model assumes Amazon Logistics US packages grow at a 68 percent [compound annual growth rate from 2018 to 2022],” Morgan Stanley said. As a point of comparison, UPS is estimated to ship 4.7 billion and FedEx 3 billion. “We Alphabet also signed a lease earlier this year for 1.3

New York City 131

New York City New York Retail US 131

PYMNTS

FEBRUARY 27, 2019

The FTC said it brought forward “its first case challenging a marketer’s use of fake paid reviews on an independent retail website.”. Fake product reviews on Amazon and other retail platforms are not the only recent issue at play when it comes to this area of eCommerce. The case involves “Cure Encapsulations, Inc.

Online 108

Online San Francisco California Operations 108

PYMNTS

FEBRUARY 20, 2018

“Despite the decline in confidence, consumers’ expectations remain at historically strong levels, suggesting economic growth will continue well into 2018,” she said. Citibank’s store-branded card portfolio, for example, is expected to see a charge-off rate of about 4.6 percent in 2018 — up from the 4.32 Credit Card Troubles.

Lending 105

Lending Cards America New York 105

PYMNTS

FEBRUARY 12, 2018

Put on a Retail Happy Face. Yup, physical retail is doing just fine — despite all the talk of doom and gloom. Yet, according to Fung Global Retail & Technology, 6,985 stores closed in 2017 , up 229 percent from 2016, and well above the number of stores which closed in the year that started physical retail’s death spiral: 2008.

Big Data 135

Big Data Data Retail Marketing 135

PYMNTS

APRIL 30, 2018

In this world, the only things certain are death and taxes. According to a Crunchbase article published in February of 2018, investments in blockchain and blockchain-related startups (excluding initial coin offerings, or ICOs) were already 40 percent of what they were in 2017. billion in 2018 growing to $1.1 Benjamin Franklin.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

FEBRUARY 18, 2019

I hosted a digital discussion last week with an executive from Sift with more than 15 years of experience building trust and safety organizations for some of the biggest digital brands in the world – including Google , Facebook and Square. percent of all retail sales to 6.4 percent of retail sales and 50 percent of all eCommerce sales.

Cards 169

Cards Course Study New York 169

PYMNTS

SEPTEMBER 26, 2019

Though relatively new to the scene, Lookiero has grown up relatively quickly with 1 million active users on the platform across the EU and annual sales that picked up by 200 percent between 2017 and 2018, according to the firm. Once you cross the border the taxes are different, logistics are different, you have to adapt to all of that.

Course 116

Course Marketing Data Taxes 116

PYMNTS

MARCH 25, 2019

“Instagram is a place for people to treat themselves with inspiration, not a place to tax themselves with errands. That checkout experience is powered on the backend by PayPal via its retail partnership program. It’s a place to experience the pleasure of shopping versus the chore of buying,” the company said. eBay Drafts Google Pay.

Google 126

Google Data Apple Jacksonville 126

PYMNTS

APRIL 16, 2018

It’s also a core tenant that I outlined in my January 2018 annual opus on trends that will drive the payments and commerce ecosystem dynamics this year and in the years to come. On those content-filled pages were advertisements hoping to catch the consumer’s eye, build a brand and influence a purchase.

Google 121

Google Data social media Branding 121

PYMNTS

JULY 7, 2018

The store will open in Fall 2018. From concept to its launch in January of 2018, Amazon Go took five years to make it to market with its first location, found on the ground floor of the firm’s new headquarters. is growing, tax reform put a few more bucks in consumers’ pockets and wages are increasing.

Samsung 110

Samsung Payments Seattle Google 110

BankBazaar

MAY 13, 2020

According to reports, world military expenditure is estimated to have been $1822B in 2018. Across the world, when nations started announcing lockdowns one after another, one of the first measures that most banks took was to limit physical access to their retail branches. This lack of foresight has cost us dearly. Digital Banking.

Policies 148

Policies Branding Online Cards 148

PYMNTS

FEBRUARY 24, 2020

Benjamin Franklin wrote in 1789 that the only certainty in life was death and taxes. The below chart shows the results of that study for the period from 2010 through 2018 — the most recent year for which that data is available. movies per year in the theater in 2018, versus the 5.2 Maybe even spendable. The 24-Hour Clock.

Innovation 209

Innovation Study Mobile Online 209

PYMNTS

MAY 24, 2019

“We are striving to attract and retain the best talent in order to win the future of retail and the key component of that is the work environment that we are creating,” said Dan Bartlett, Walmart’s executive vice president of corporate affairs, who is overseeing the project. Particularly when it comes to AI and advertising.

New York 109

New York New York City Vermont Meeting 109

PYMNTS

JANUARY 31, 2020

If they can get it under control quickly, it will even then have an impact on GDP and the hundreds of brands that are in the Wuhan region. This is not the same as eCommerce putting pressure on traditional retail because banking is a very different animal obviously.”. That may not sound like a lot, but that is almost double from 2018.

Bitcoin 100

Bitcoin Payments Los Angeles blockchain 100

CB Insights

SEPTEMBER 17, 2018

Around the middle of the twentieth century, there was what The Atlantic called a “Cambrian explosion” of brands. Tide, Crest, Band-Aid, Lipton, and other branded packaged goods — and the conglomerates that manufactured them — reigned. Store brands from retailers were seen as down-budget choices. Why the shift?

Industry 67

Industry Branding Retail US 67

PYMNTS

NOVEMBER 5, 2018

That means Apple won’t tell the world how many — or how few — iPhones were sold over the all-important holiday season, and in the all-important months following the release of three brand-new iPhone models. It did so because apps like Netflix were avoiding signing up subscribers through the App Store to evade the Apple tax.

Apple 174

Apple Taxes Mobile Google 174