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Data: Luxury Goods Sales May Drop 35 Pct This Year

PYMNTS

While sales fell 25 percent in the first quarter, the slowdown is expected to accelerate in the second quarter and could lead to an estimated contraction by as much as 35 percent for the year, said the Boston-based investment firm. Online luxury has remained resilient, while brand name stores and department stores have seen sharp drops.

Data 151
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Shopping Malls Are Evolving, But They’re Not There Yet

PYMNTS

This year, Boston Retail Partners principal analyst Ken Morris shared his thoughts with Glossy on the closing department stores and what’s happening as a result. based physical shopping malls will shut down by the year 2022, which comes out to 400 big malls total. Not quite yet. There will be future malls moving forward.

Retail 133
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Are Retailers Ready For Amazon?s Prime Time?

PYMNTS

Then I went to Whole Foods on the North Shore of Boston Saturday morning to do some grocery shopping. I’ve been a Whole Foods shopper since I moved to Boston 17 years ago for the same reasons that each of you may be too: organic meat, seafood, produce and foods, great bread and cheese and a fun vibe. Prime Time at the Grocery Store.

Retail 156
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SnapChat Fresh Stories Show U Supermarkets’ Shoppers Where Fish Came From, Guarantee Freshness

PYMNTS

U supermarkets’ Fresh Stories guarantee more than freshness — they also create transparency along the supply chain, showing that U is partnering with local and small businesses, which are trademark values of the brand. locations by the end of 2022, which would make Aldi the third largest grocery chain in the country by store count.

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Why The Mobile Shopping Experience Needs Retail

PYMNTS

According to recent research , mobile commerce is expected to grow at a more than 30 percent rate through 2022. The company is working with retailers to design features and experiences that most brick-and-mortar-only brands cannot offer. As it turns out, that one may be possible.

Mobile 110
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Is It Time For Apple To Allow Others Access To The iPhone NFC Chip?

PYMNTS

And you can see it in the hustle by retailers and brands large and small to pivot their businesses and business models — and the disclaimers on just about every retail site starting a week or more ago that orders placed online might not make it in time for Christmas. The whole process took less than 15 minutes.

Apple 227
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In The Age Of Big Data, Why Are We Still Flying Blind?

PYMNTS

Some analysts project that one in every four of the 1,100 malls that operate today will close by 2022 — just four years from today. The average temperature in Boston in February is 37 degrees Fahrenheit, but on Saturday it was 52 degrees. Simultaneously, U.S. The average height of a female in the U.S. A week ago it was 28 degrees.

Big Data 135