PYMNTS

DECEMBER 24, 2020

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. More consumers are going online to shop and pay as the pandemic progresses. The numbers speak for themselves. It was the catalyst for most every business dynamic in the category.

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Retail Branding Minneapolis Trends 295

PYMNTS

JUNE 23, 2020

The COVID-19 pandemic has been a “great accelerator” in driving Kohl’s to embrace eCommerce and make other changes in its operations faster than planned, the retail giant’s Chief Executive Michelle Gass said on Monday (June 22).

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Retail Online Report US 179

PYMNTS

SEPTEMBER 4, 2020

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. Now compare that to Q2 2019, and the 6.4 billion in Q2 2019.

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Retail Seattle Exercises Online 249

PYMNTS

DECEMBER 26, 2019

This year, apps aimed to make it easier and more convenient for consumers to order their favorite foods and sundries, with restaurants and other retailers tapping into delivery. To help bring these options to more consumers, retailers and technology companies decided to join forces. and Chicago. and Chicago.

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PYMNTS

DECEMBER 16, 2020

Digital sports entertainment and gaming industry platform DraftKings — known for its top-rated daily fantasy sports and mobile sports betting apps — today announced an agreement with InComm Payments , a global leading payments technology company, to launch an industry-first retail gift card. . DraftKings reported on Friday (Nov.

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Retail Cards Payments New York 230

PYMNTS

JANUARY 3, 2020

In an interview with PYMNTS, Liz Armbruester, senior vice president of Global Compliance at Avalara , said 2019 represented a watershed year for tax compliance as states embraced the economic nexus model and passed marketplace facilitator laws. They have to have something powered by artificial intelligence (AI) to streamline operations.

Online 132

Online Taxes Compliance Missouri 132

PYMNTS

MAY 31, 2020

Uber first announced it was looking to acquire a stake in the Santiago-based Cornershop app in October 2019. The FNE said it was originally worried that Uber’s purchase of the app would stifle online delivery competition and launched an investigation, Reuters reported. The FNE said in the statement that its investigation began on Dec.

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Online Regulation Retail Regional 163

PYMNTS

JULY 30, 2020

Among those numbers: Operating cash flow increased 42 percent to $51.2 billion for Q2 2019. billion in second-quarter 2019. Operating income increased to $5.8 Operating income increased to $5.8 Online grocery sales tripled. As a reminder, Q4 is typically our largest volume quarter for the retail business.

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Online Capital Operations Video 238

PYMNTS

JANUARY 20, 2020

’Tis the season for … looking back at 2019 holiday sales trends, and figuring out what they mean for payments and commerce so far. Data from Fiserv supports that point: Brick-and-mortar retail growth during the 2019 holiday season stood at 1.4 Total retail growth was 3.8 percent, trailing the 8.1 Apparel Questions.

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Data Retail Mobile Iowa 147

PYMNTS

DECEMBER 11, 2018

Give a deep and welcoming hello to the newest form of window shopping — a consumer behavior that will help to shape retail in 2019 and beyond, and a trend that stands as an increasing part of shopping, one that promises to impact brick-and-mortar merchants as they decide how to innovate. That’s not to say physical retail is dying.

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blockchain Retail Trends Mobile 170

PYMNTS

OCTOBER 15, 2020

In a roundup of today’s top retail stories: The automotive market continues its comeback with a digital spin, conversational commerce is the next big pandemic-fueled trend, and Tiffany said that its preliminary sales results for August and September 2020 are positive. Conversational Commerce Finds Its Voice in Digital Retail.

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Retail Marketing Trends Apple 206

PYMNTS

NOVEMBER 1, 2019

According to the Eastern Europe B2C E-Commerce and Online Payment Market 2019 report, online retail sales in Eastern European countries continue a trend of double-digit growth rates this year, a release said. Cards are the most common means of online payment in Turkey, Russia and a few other Eastern European countries.

Online 101

Online Retail Regional Trends 101

PYMNTS

MAY 8, 2020

consumers more frugal, but other individuals are still turning to retail therapy to cope with stresses. Online gambling or gaming is one possible outlet, and the sector may even make it through the pandemic with less financial damage than other industries. Online Gambling Changes . million in March 2019.

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Online Industry New Jersey Pennsylvania 176

PYMNTS

NOVEMBER 24, 2020

It became the first brick-and-mortar retailer to earn the majority of its revenue from eCommerce as 54 percent of its third-quarter take came from digital channels. “We Dubious because the company operates and pays leases on 350 stores and on the flip side of the coin, it only generated 46 percent of its revenue from them.

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Retail US Online Taxes 221

PYMNTS

NOVEMBER 25, 2020

24) that it enjoyed a 61 percent jump in online sales during its fiscal third quarter ended Oct. The retail giant also said that its Athleta chain’s sales rocketed even as revenues plunged at Banana Republic Global. billion at Q3 2019’s end. said Tuesday (Nov. However, management said that was a “slight improvement” from Q2.

Online 170

Online Branding Retail Management 170

PYMNTS

MAY 31, 2020

Uber first announced it was looking to acquire a stake in the Santiago-based Cornershop app in October 2019. The FNE said it was originally worried that Uber’s purchase of the app would stifle online delivery competition and launched an investigation, Reuters reported. The FNE said in the statement that its investigation began on Dec.

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Regulation Online Retail Regional 130

PYMNTS

AUGUST 28, 2019

Retailers seeking to provide rapid deliveries face an ever-moving target as consumers’ definition of speed evolves. A significant share of Generation Z consumers — those aged 18 to 25 — are turning to buy online, pick up in store ( BOPIS ) purchasing models to meet their speed needs. Quick Access and Impulses.

Retail 108

Retail Online Study Alaska 108

PYMNTS

JUNE 10, 2020

Consumers are now getting everything online and that’s going to shape their behavior for good. online or offline, safely or not). That’s why Shift has seen better performance from most OEMs, new retailers and traditional brick-and-mortar retailers who don’t have this formula set up to respond to this scenario.”.

Online 130

Online Retail Examples Innovation 130

PYMNTS

DECEMBER 31, 2019

A little more than a year ago, PYMNTS started tracking the race for the consumer’s whole paycheck between the two retail behemoths that have been expanding their respective ecosystems in the process: Amazon and Walmart. percent of consumer retail spending in the U.S., percent of consumer retail spending in the U.S.,

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Retail Online Georgia North Carolina 136

PYMNTS

SEPTEMBER 28, 2020

Saudi Arabia and the United Arab Emirates are attempting to square away increasing consumer use of online channels with their privacy and banking standards. The country’s Data Protection Law was announced in 2019 and officially came into effect in July 2020. For more on these and other stories, visit the Tracker’s News & Trends.

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Online Report Payments Regulation 151

PYMNTS

MAY 21, 2020

Shortly after Macy’s warned investors Thursday (May 21) of a probable $1 billion first-quarter operating loss , Jeff Gennette, the iconic store’s chief executive officer, spoke with J.P. Morgan Analyst Matt Boss about the future of retail. Mattresses have been strong.

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Retail Trends Branding Report 141

PYMNTS

JANUARY 16, 2020

Close the door and buckle up – retail automotive sales are getting an upgrade. For instance, online marketplace and auction site eBay has released eBay Motors, a new app that uses AI to list a car in under five minutes, according to a report by The Verge. According to research firms’ projections, 2019 U.S. More Funding.

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Retail Detroit Video Online 131

PYMNTS

DECEMBER 20, 2018

Dynamic pricing promises to keep making strides in 2019, with vendors updating their repricing software (“repricing” is another term for “dynamic pricing”), and online sellers engaging in increasingly fierce competition to win the buy box. earlier in December launched a repricing software product for Walmart online marketplace sales.

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Software Retail Analysis Online 157

PYMNTS

JUNE 8, 2020

As evidenced by last week’s PYMNTS’ card on file report , consumers are ready and willing to keep their data with retailers, both online and offline, in exchange for frictionless experiences. percent of consumers who have shifted more of their shopping online, 85.7 Conducted over a 12-week period, the study found that of the 48.2

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Retail Study Online Data 167

PYMNTS

JULY 19, 2019

Iconic brick-and-mortar retailers are sometimes reinvented, and return to the world of retail with smaller-format concepts. The parent of the Toys R Us brand, Tru Kids , plans to bring stores under the legendary name to the United States for the 2019 holiday season. In Other Brick-and-Mortar News.

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Retail US New York United States 150

PYMNTS

OCTOBER 23, 2020

Despite the fact that many retailers are creating their own versions of Black Friday, the traditional one that happens the day after Thanksgiving will still occur as a retail event. That’s the take from Edited , a retail tracking platform that advises brands on pricing and merchandising strategies.

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Strategy Retail Branding Data 151

PYMNTS

APRIL 16, 2020

As retailers look for a way out of an unprecedented cash flow crunch, many are slashing prices online and offering free shipping. The move is good for consumers, but for the retailers involved discounting is a double-edged sword. It’s the age-old argument for retail. retailers is down 64 percent over 2019.

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Retail Strategy Branding Analysis 146

PYMNTS

JANUARY 3, 2020

Looking past the cheerful numbers tied to holiday shopping and the tens of billions of dollars spent on Black Friday, Cyber Monday and into Christmas, the decline of retail, at least the traditional retail model, continues into the new year, and across oceans. The retail sector is among the largest employers in the U.K.,

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Retail Samsung National Taxes 131

PYMNTS

DECEMBER 28, 2020

It could be argued that for the retail industry to pull off a 3 percent uptick for holiday sales this year was an astonishing feat. Some predictions pre-holiday ranged as high as a 5 percent increase over 2019; some called for flat spending. percent of overall retail sales — up from approximately 13.4 percent in 2019.

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Data Retail Online Report 260

PYMNTS

NOVEMBER 14, 2019

Walmart eCommerce sales were up 41 percent in Q3 2019 – but as the retailer noted, most of that power was derived from their online grocery operation, which has been a consistently powerful producer since its rollout over two years ago.

Online 109

Online Retail Report Branding 109

PYMNTS

DECEMBER 26, 2018

and China, local Chinese vendors operating in Yiwu International Trade City are upbeat about 2019. tariffs placed on Chinese exports and a crackdown on eCommerce platforms like Amazon by the European Union to stop online vendors from evading taxes, local Chinese merchants expect cross-border sales to grow.

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Training Taxes Online Operations 126

PYMNTS

JANUARY 20, 2020

New evidence of that — part of the broader trend of the existential changes in the world of brick-and-mortar retail, changes that are gaining more focus this month — comes from reports that stationery chain Papyrus is closing up shop. The chain had since expanded to some 260 or so retail locations. Millennials to the Rescue.

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Retail Millennials Cards social media 183

PYMNTS

DECEMBER 26, 2019

Top-tier malls in the country, once thought to be impervious to the changing retail landscape, have been struggling lately, according to a report by The Wall Street Journal. Landlords at popular malls are warning that income is going to continue to slow down as more people continue to shop online instead of at brick-and-mortar locations. .

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Retail Los Angeles New Jersey Pennsylvania 132

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.

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Retail Trends Analytics social media 132

PYMNTS

JUNE 25, 2019

Walmart will now accept SNAP (Supplemental Nutrition Assistance Program) to pay for online grocery orders at all of its pickup locations, according to a report. On Tuesday (June 25), the retailer announced it was expanding the program to all of its more than 2,500 pickup locations. Walmart started testing the program in 2017.

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Online Cards Arkansas Retail 102

PYMNTS

JANUARY 11, 2019

The food delivery space keeps heating up — the latest news is that Postmates has scored a $100 million investment in advance of its initial public offering (IPO), expected with the first six months of 2019. Meanwhile, the eCommerce operator and logistics heavyweight continues investing in its delivery fleet. Food Delivery Pivot?

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Online San Francisco Capital Operations 176

PYMNTS

APRIL 9, 2019

Amazon, in the announcement released today, said that it “spends billions” on tools and services to help SMBs grow their operations and sell more online.

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Tools Analytics Branding Online 167