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Fifth Avenue Vacancies Reflect Uptick In Retail Closures

PYMNTS

As retailers shutter locations from the heartland to big cities, the latest update on the state of retail from New York’s storied Fifth Avenue says that rents are falling and vacancies are rising – showing that even a flagship address can’t escape the realities of modern-day commerce. We’re in the middle of a multi-year retail purge.

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Analysts Predicting A Big Year For eCommerce In 2017

PYMNTS

Going to be a good year for online retailers if analysts got their guess right. The study further noted that online retail sales growth has picked up just over 14 percent in the last year, and while there is expected to be some cooling there to 11.4

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Digital Payments Advance In India And Africa

PYMNTS

Online retail continues to grow in the country, and that market could hit $200 billion by 2026 if one goes by a Morgan Stanley estimate. That market will grow at a 30 percent compound annual growth rate (CAGR) until then. “An

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India’s Payments Power Moves

PYMNTS

The country is expected to have a digital payment market worth $1 trillion by 2023, a figure that represents “fivefold” growth from now, according to an estimate. The company is rebranding Tez , its digital payment app designed for the Indian market, to Google Play, which already operates in 20 countries. Online Retail Growth.

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Today In Data: Corporate Travel Spend, UK Cash Is King And Cannabis’ Growth

PYMNTS

trillion | Amount the Global Business Travel Association (GBTA) estimated global travel and expense management market corporate travel spend was worth in 2015. $70 6 billion | Total revenue brought in by the cannabis industry in 2016, a figure that some estimate will grow to as much as $50 billion by the year 2026. . $6

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Wegmans To Open In Brooklyn; Whole Foods Brings Eateries To 500th Store

PYMNTS

Grocery retailers are opening new stores in cities that aren’t only designed as places for consumers to pick up their weekly groceries: They’re turning them into culinary destinations with eateries as well as features designed for city living. Luxury retailers usually have that type of glass installed, and it’s easier to see inside.

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India Payment And Commerce Competition Heats Up

PYMNTS

Google said that Tez , its digital payment app designed for the Indian market, will be rebranded as Google Play, which already operates in 20 countries. Tez — or Google Play in India — also will reportedly gain capabilities for online and offline retail after already being able to handle bank-based, bill and utility payments.

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