PYMNTS

JANUARY 15, 2021

Despite the ongoing pandemic, retail holiday sales were 8.3 percent higher in 2020 than in 2019, surprising even the National Retail Federation (NRF). Despite unprecedented challenges, consumers and retailers demonstrated incredible resilience this holiday season,” said NRF President Matthew Shay in a statement.

Retail 130

Retail Online Analysis National 130

Gonzobanker

DECEMBER 22, 2020

This Year was brought to you by the number 2020 and the letters W, T and F” – Big Bird (more or less). Sit back and enjoy our take on the best and worst of banking in 2020 as you celebrate the holidays. Most Oft-Heard Statements of 2020. John Beale , longtime CIO of City National Bank. We can’t think of a thing.

Idaho 181

Idaho Community Industry Strategy 181

PYMNTS

AUGUST 7, 2020

For retailers, it’s better to be hot in 2020 than top. The National Retail Federation (NRF) said on its blog this week that the Hot 100 Retailers, while vulnerable to mergers and acquisitions, as a group is more stable than the Top 100 Retailers ranking, as stores are impacted by the unpredictability of COVID-19.

Retail 144

Retail Groups Washington National 144

PYMNTS

DECEMBER 24, 2020

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. If one measures success for digital currencies in buzz — and in price appreciation for many of the marquee names — then 2020 stands out as a banner year. Here are some of cryptos’ key developments for 2020: Bitcoin Goes Higher And Higher.

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PYMNTS

DECEMBER 27, 2020

“Across our expanded 75-day holiday shopping season , sales were up 3.0%, a testament to the holiday season and strength of retailers and consumers alike.”. The National Retail Federation had forecast an increase for the season, year over year, of between 3.6 retail locations this year compared to last, the Journal reported.

Retail 184

Retail US Data Analytics 184

Bank Innovation

DECEMBER 4, 2019

Koho, a Toronto-based digital banking startup, is on track to expand its product suite to include credit and savings products in 2020, CEO Daniel Eberhard told Bank Innovation on Wednesday. In late November, the […].

Tools 332

Tools Digital Banking Innovation Cards 332

PYMNTS

FEBRUARY 27, 2020

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.

Rhode Island 151

Rhode Island National social media Arizona 151

PYMNTS

SEPTEMBER 17, 2020

Four consecutive months into positive consumer spending trends, one wonders if there might be — indeed must be — a lull, a pullback that might indicate a tougher road ahead for retailers headed into the all-important holiday spending season. Census Bureau reported that retail sales in August were up 60 basis points over July.

Retail 240

Retail Data National Trends 240

PYMNTS

JANUARY 15, 2021

Demand for these codes skyrocketed in 2020 as consumer demand for contactless payment solutions increased in order to reduce the potential risk of infection. The year 2020 was a game-changer for QR codes, with high demand for safer, more convenient contactless payments fueling their growth. Retail Environment.

Retail 207

Retail Security Payments United States 207

PYMNTS

DECEMBER 28, 2020

The dreaded returns season has hit retail with a predictable but painful thud. In fact, forward-thinking retailers are looking at the return process as a chance to create a positive customer experience. In the brick-and-mortar retail era it was a nuisance to be avoided. Now that number tops 50 percent.

Customer Experience 216

Customer Experience Retail America Branding 216

PYMNTS

SEPTEMBER 4, 2020

Caught between the focus on Labor Day and the holiday season, yet another retail event looks like it’s being scorched by the pandemic. Halloween sales are expected to be significantly impacted by social distancing concerns, and some retailers are already warning about the consequences. “We Halloween spending in the U.S.

Retail 155

Retail Survey National Trends 155

PYMNTS

JULY 8, 2020

As it does during the first week of every month of the pandemic, attention turns to retail leases. This week found that one of the crisis’ most troubled retailers — Nordstrom — will only pay half of its rent for the balance of 2020. Retail Properties of America, Inc. percent of Q2 2020 rent as of the end of June.

Retail 150

Retail New York City Branding Groups 150

PYMNTS

AUGUST 6, 2020

Real estate trends for retailers are back in the news this week, as the pandemic-driven brick-and-mortar market starts to produce new business models and a fair amount of stability. The new business model involves leasing options for the retail sector. retail portfolio valued at $5.9 Example: One of the U.K.’s which owns 32.5

Retail 154

Retail Analytics New York Examples 154

PYMNTS

SEPTEMBER 21, 2020

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

Retail social media Marketing Branding 169

PYMNTS

FEBRUARY 11, 2020

retailers are concerned about a supply chain problem. While no direct evidence has been presented for a supply chain interruption from China, a new Wells Fargo report says concerns are rising among retailers. Every retailer has what’s known as an ‘All Hazard Plan.’ Chinese retailers are being hit hard.

Retail 188

Retail Apple Operations Report 188

PYMNTS

JANUARY 13, 2020

The heightened risk to merchants and issuers is being keenly felt – someone pays when cybercrooks succeed, and it’s often the retailer. The PYMNTS January 2020 Digital Identity Tracker examines the issues, as well as advances in mobile biometric security, “deepfake” detection and more. and it’s happening, albeit slowly.

Trends 136

Trends Fraud Cards National 136

PYMNTS

AUGUST 13, 2019

India’s One Nation One Card will be test-piloted with Mumbai bus operator BEST in November, NFCWorld reported on Tuesday (Aug. The national transit card system uses a bank-issued card that will run on India’s RuPay payments network, the news outlet said.

National 128

National Operations Cards Metro 128

PYMNTS

APRIL 24, 2020

Adyen reported its processed volume for the first quarter of 2020 rose by 38 percent year-on-year, with an extension of historical growth trends over the first two months of the year. The drop in in-store retail volume because of lockdown efforts is “very visible” per the release with many retail shops shuttered.

Payments 140

Payments United States Retail Online 140

Bank Innovation

OCTOBER 29, 2019

Digital banking brand Varo has 1 million customers, and is pushing ahead with plans to become a nationally-chartered bank early next year, CEO Colin Walsh told Bank Innovation Tuesday.

National 284

National Innovation Digital Banking Branding 284

PYMNTS

JULY 7, 2020

Retail Properties of America, Inc. percent of Q2 2020 rent as of the end of June. ” RPAI had 102 retail operating properties domestically, comprising 20 million square feet, as of the end of March of this year. The company also stated that rent collection for June arrived at 64.7 RPAI said it had collected 67.4

America 134

America Retail National Report 134

PYMNTS

MARCH 31, 2020

As retail sales fell with increasing social-distancing policies and travel limitations , companies and retail stores in Hong Kong snapped under the COVID-19 outbreak last month. Retail sales fell 44 percent in the month to $2.93 For the first two months of 2020, retail sales by value plummeted 31.8

Retail 130

Retail Policies National Report 130

PYMNTS

JUNE 10, 2020

As retail reopens and starts to spur some optimism for the future, a dark number appeared on the scene on Tuesday (June 10). Coresight released a report that says 25,000 retail storefronts will close by the end of the year. That means that between June 1, 2020 and January 1, 2021, 21,000 more stores will shutter.

Retail 131

Retail New York City Online Trends 131

PYMNTS

NOVEMBER 11, 2020

The development of a COVID-19 vaccine is positive news for retailers as they find themselves once again on the front lines of the surge in the pandemic. During the first series of lockdowns in April and May, “essential” retailers were allowed to stay open. If a retailer sold food, it was essential. based but global in scope.

Retail 141

Retail New Mexico Community National 141

PYMNTS

JANUARY 24, 2019

It’s expected that more than 56 real-time payment rails will be live by 2020, and the U.S. The Federal Reserve recently sought to propel faster payments adoption by requesting feedback from financial institutions (FIs), retailers and other stakeholders on whether it should create its own real-time payment rail. lags behind.

US 167

US System Payments Retail 167

PYMNTS

MAY 30, 2020

And while it may initially seem that the strangest choices in fashion history were made by our forebears in the long-ago past, one need only glance briefly back at the early 2000s to witness the explosion of Von Dutch trucker hats and UGG boots, which passed as an icon of style among the nation’s young, rich and well-connected. A face mask.

Branding 135

Branding Trends Michigan Retail 135

PYMNTS

DECEMBER 19, 2019

Make sure you give your best smile when you are shopping in 2020. That’s because cameras are playing a much bigger role in retail, a trend that will keep gaining steam in the new decade. This data certainly isn’t nothing, but it pales in comparison to the data troves that digital retailers have. Security Cameras.

Retail 131

Retail Software Video Course 131

Payments Source

JANUARY 15, 2020

The National Retail Federation's annual conference, taking place this week in New York, is home to many innovations that could change the way merchants accept payments.

New York 114

New York Conference National Retail 114

PYMNTS

DECEMBER 16, 2020

Amid the great digital shift , retailers and financial institutions (FIs) must walk the fine line between challenging transactions and letting the consumer journey proceed frictionless. issuers will grow to $690 million in 2020, and to more than $800 million in 2021. The Scope Of The Problem.

Retail 228

Retail Management Fraud Omaha 228

PYMNTS

JUNE 24, 2020

While web users have harnessed eCommerce in numbers that haven’t been seen before amid the COVID-19 heath crisis, eMarketer forecasts the worldwide retail online shopping sales will slow down to a 16.5 The firm forecasts an overall $3.914 trillion in online shopping sales in 2020 per an announcement. percent in 2019.

Online 237

Online Retail America National 237

PYMNTS

JULY 6, 2020

If your business touches retail in any way, it might pay to follow a few important breadcrumbs. Nike posted its lowest quarterly sales in two years, along with a $790 million quarterly loss, when it reported its Q1 2020 earnings in late June. How Much Will Digital-First Stick? Here’s why I say that.

Retail 259

Retail Meeting Branding Maine 259

PYMNTS

NOVEMBER 21, 2020

Perhaps against all odds, Thanksgiving is happening in 2020. All possible joking aside, going into the national day of giving thanks is going to be especially hard on some people this year, simply because of how very little the year has given them to be grateful for. So it’s good to see some major retailers giving back for the holiday.

Retail 179

Retail Community National New York 179

PYMNTS

APRIL 17, 2019

The race to 5G retail is on. Recent news out of Asia serves as solid foreshadowing of how 5G could enhance retail in the coming few years. 5G Retail Plans. South Korea’s SK Telecom and retail conglomerate Shinsegae Group have joined forces on 5G retail, for instance. Even so by the latter part of 2019, the U.S.

Retail 199

Retail Apple Samsung Conference 199

PYMNTS

JULY 15, 2020

Spending on school and college supplies could easily top $100 billion this year, according to a survey released Wednesday (July 15) by the National Retail Federation (NRF) and Prosper Insights & Analytics. billion for everything from pens and paper to lunchboxes.

Survey 164

Survey Analytics National Retail 164

PYMNTS

OCTOBER 7, 2020

In today's top retail stores, Black Friday is likely to look very different this year, Taco Bell is launching an eGifting service and Walmart is debuting an insurance brokerage service. It will still be an important day on the retail calendar, but the slew of shopping occasions in October and November will take the starch out of Black Friday.

Retail 115

Retail Apple National Data 115

PYMNTS

DECEMBER 10, 2019

The world of quick service restaurants (QSRs) is where it’s at when it comes to so much retail innovation these days. A significant portion of the remaining stores are expected to have the GPS delivery tracking technology available in 2020.”. 3, National Sandwich Day; 18,512 pickles given away on Nov.

Innovation 131

Innovation Retail San Diego Phoenix 131

PYMNTS

MAY 8, 2020

The National Football League’s 101st season begins in prime time on Sept. He added the league is prepared to make adjustments as it did during the off-season in safely and efficiently conducting key activities such as free agency, the virtual off-season program, and the 2020 NFL Draft. Are you ready for some football? Or will it? “In

Kansas City 130

Kansas City Houston Kansas Guidelines 130

PYMNTS

OCTOBER 10, 2018

By some accounts, the 2018 holiday season is going to be a bang-up year for retailers. retailers are expected to increase 4.8 percent this year, according to the National Retail Federation (NRF) — well above the 3.9 percent growth seen by the retail market one year ago. Holiday sales for U.S.

Retail 122

Retail United States Seattle Washington 122