article thumbnail

Boston Fed Chief Rosengren Expects Jobless Rate To ‘Rise Dramatically’

PYMNTS

Boston Federal Reserve President Eric Rosengren said on Wednesday (April 1) that despite the best efforts of politicians and central bankers to contain COVID-19’s economic impacts, the U.S. He added that worker furloughs have also already begun, “particularly in the hotel, retail, travel and restaurant industries.

Boston 109
article thumbnail

Sephora Launches First Small Concept Store In Boston

PYMNTS

Sephora has announced the launch of Sephora Studio, a new, 2,000-square-foot concept store in Boston that will focus on artistry and skin care services. According to a news release , the opening of the brick-and-mortar Boston location comes on the heels of the company’s largest North American store opening on Manhattan’s 34th Street.

Boston 101
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

America Can Now Literally Run On Dunkin’

PYMNTS

When Dunkin’ Donuts came up with the slogan “America runs on Dunkin,’” the company was pretty clearly being metaphorical. Because Dunkin’ Donuts thinks of itself as more than an iconic coffee, donut or breakfast brand; they also view themselves as a proudly iconic Boston brand.

America 104
article thumbnail

Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

The COVID-19 pandemic is taking a tremendous toll on communities across America,” Brainard said. In a Thursday (Aug. 6) symposium highlighting the Fed’s approval of the FedNow system, Fed Gov. Lael Brainard said the coronavirus crisis has heightened the need for instant payments. A Liquidity Boost? .

America 189
article thumbnail

Retail Personalization May Not Come Soon

PYMNTS

Retailers are scrambling to figure out the best ways to provide a more tailored and engaging experience. The study, which surveyed 500 retailers in North America and Canada, was conducted in November and December 2016. Welcome to the age of instant gratification.

Retail 109
article thumbnail

Bahamas Launches Digital Sand Dollar; Adds To Rise Of Central Bank Digital Currencies

PYMNTS

As reported by Reuters , the Sand Dollar – a new digital currency issued and backed by the Bahamian central bank – is now in circulation, and bit by bit, has been making inroads into retail use cases. The money is spendable at a number of retail locations. Central Banks Around the World Eye CBDCs.

Cleveland 357
article thumbnail

Mobile Is On The Rise, But Still Not Where Retailers Would Like It

PYMNTS

Mobile is one of the fastest-growing retail sectors at the moment and still projects to grow for years to come, but the technology is still not where most retailers want it. percent of all retail sales for the year. percent and 43 percent of all eCommerce and all retail transactions, respectively, by 2020 for an estimated $294.22

Retail 100