PYMNTS

MAY 7, 2020

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

Data Survey Boston Study 151

PYMNTS

JUNE 25, 2018

Then I went to Whole Foods on the North Shore of Boston Saturday morning to do some grocery shopping. Another had an offer with a promo code to get $10 off my first online order, which would be delivered free to my front door in two hours or less once I linked my Prime account to Whole Foods. Prime Time at the Grocery Store.

Retail 156

Retail Branding Millennials Online 156

PYMNTS

AUGUST 3, 2017

As online shopping is showing no signs of slowing down, it has affected shopping malls greatly resulting in less foot traffic alongside less dollars spent in brick-and-mortar locations. based physical shopping malls will shut down by the year 2022, which comes out to 400 big malls total. Not quite yet.

Retail 133

Retail Massachusetts Technology Boston 133

PYMNTS

DECEMBER 21, 2020

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. Take PayPal, for example. I was happy to support her business.

Apple 227

Apple Study Innovation Survey 227

PYMNTS

AUGUST 9, 2017

According to recent research , mobile commerce is expected to grow at a more than 30 percent rate through 2022. People aren’t [going] online anymore — they’re online all day,” Schambach said. The company is working with retailers to design features and experiences that most brick-and-mortar-only brands cannot offer.

Mobile 110

Mobile Retail Metro Online 110

PYMNTS

FEBRUARY 12, 2018

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 slowing growth is off a big base — and the fast growth of online commerce is coming off a very small one, they say, so it will be a long time before in-store sales really tank. Simultaneously, U.S.

Big Data 135

Big Data Data Retail Marketing 135

CB Insights

APRIL 24, 2018

E-commerce sales growth is pulling ahead of total retail sales ( 17% vs. 6% for year-over-year in Q4’17), and Amazon is controlling upwards of 40% of online sales in the US, according to the US Department of Commerce and Slice Intelligence, respectively. ” — Alistair Davidson, CFO, Ikea. Its membership fee revenue grew 12.6%

Retail 59

Retail Trends Technology Branding 59