Remove 2020 Remove National Remove Regional Remove Retail
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Retail Crisis In U.S., U.K. A Fizzle For 2020?

PYMNTS

Call it a crisis that crosses the pond, will last into 2020 and, likely, beyond. 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.

Retail 131
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Restaurant Business Serves Up Mixed Plate For 2020

PYMNTS

The restaurant business is: a) healthy for 2020 or b) apprehensive about technology. The 2020 outlook report from the National Restaurant Association was released today and it paints a picture of an industry dealing with the countercurrents of solid consumer spending and disruptive technology. All of the above.

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Retail SMBs Face Up To Q4 Marketing Opportunities

PYMNTS

For retailers, the fourth quarter of 2020 is likely to see a media blitz that will make other years pale in comparison. Unspent budget from big box retailers will be let loose as early as Oct. There are many critical aspects to SMB retail media strategy but two stand out this year: when to advertise and where to advertise.

Retail 169
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In China, Green Shoots For Luxury Spending To Prove Fragile?

PYMNTS

And yet, overall spending across the luxury industry could shrink by as much as 45 percent through 2020, as other regions and countries – Europe and the U.S. As reported in this space last week, the country saw retail sales increase for the first time since the pandemic took root. As reported by Bloomberg on Tuesday (Sept.

Retail 169
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Amazon Sets Sights On Southeast Asia

PYMNTS

So where to next for the omnichannel retail giant? The move comes as part of a larger targeting of Southeast Asian markets, according to TechCrunch , starting with beginning selected regional services in Singapore in the first quarter of 2017. But Amazon isn’t waiting until 2025, or even 2020. Singapore, it turns out.

Regional 148
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Will The Pandemic Finally Get Central Banks Interested In Building Digital Currencies?

PYMNTS

A central entity may maintain exclusive rights to create or destroy currency in a region such as a nation. A central entity may be associated with a government of such a region.”. However, a retail CBDC accessible to all would be a game-changer. So a retail CBDC is now [the ECB’s] main focus.”.

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Data Dive, The Bad, The Worse And The Ugly Edition: Store Closures, Coronavirus And Bitcoin

PYMNTS

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 . This will be the fourth year in a row that retailers will shutter 100 million square feet of space, which equals about 562 Walmart supercenters.

Bitcoin 132