PYMNTS

DECEMBER 21, 2018

It’s a tale of two kinds of brick-and-mortar retailers amid the rise of eCommerce: Some traditional department store chains like JCPenney and Macy’s are shuttering stores, as some retailers with other business models are more than surviving. TJX, the owner of off-priced retailers like T.J.

Retail 170

Retail Los Angeles Branding Trends 170

PYMNTS

JANUARY 14, 2019

It looks like we can finally have a serious conversation about the impending collapse of physical retail in the U.S. All it took was a 160-year old retailer and a $34 billion kick in the stomach to the retail sector to get everyone’s attention. retailer, Sears, which found itself standing at Chapter 7’s front door.

Retail 198

Retail Online Mobile Data 198

PYMNTS

AUGUST 31, 2017

Retailers trying to bridge the growing gap between the shopping trends of Baby Boomers, Generation Z and every demographic in between may think they have the different generations figured out, but in some cases, operating on assumptions can lead to missed sales. Baby Boomers. was home to 81.3 was home to 81.3 million people in the U.S.,

Retail 147

Retail Millennials Study Trends 147

PYMNTS

NOVEMBER 5, 2018

Those promise to stand as two main traits of the 2018 holiday shopping season , and retailers that gain an edge and increase revenue during the all-important fourth quarter will likely have exploited such tactics during this period, at least according to new data that strives to paint a detailed picture of U.S. percent, reaching $124.1

Retail 179

Retail United States Millennials Study 179

PYMNTS

AUGUST 7, 2019

Those two retail trends have recently collided in Southeast Asia, where Carro, an automotive marketplace and financing provider, reportedly has bought Jualo, an online marketplace for used goods from some 300 product categories. The deal is not the only recent news involving the online retail sales of automobiles. Retail Waste.

Online 112

Online Retail Trends New York 112

PYMNTS

OCTOBER 8, 2019

These moves come amid a push by China to encourage more cross-border commerce and retail. Cross-border eCommerce sales grew at a rate of 30 percent in 2018 in China and were expected to hit $175 billion, representing 10 percent of the online consumer retail across the globe. China’s Commerce Push. Alibaba Changes.

Retail 116

Retail Houston Online Leadership 116

PYMNTS

FEBRUARY 29, 2016

Last week, Sears CEO Edward Lampert got personal as he went into detail about the retailer’s continuing woes and the challenges it (and many other “old-line” retailers like it) face in a rapidly changing industry. The chain, which operates both the Sears and Kmart brands, reported a loss of $580 million in the quarter ending Jan.

Retail 100

Retail Branding Taxes Operations 100

South State Correspondent

JANUARY 17, 2024

In our last article ( HERE ), we highlighted the methodology around why banks should calculate and drive value through customer profitability and product profitability. In this article, we wanted a different approach to arrive at the same conclusion but in a slightly different context. The answer is – most likely.

Study 195

Study Maine Analytics Capital 195

PYMNTS

SEPTEMBER 30, 2019

The filing will allow the retailer to continue operating while it attempts to reorganize the business and return to profitability. It will continue operations in Mexico and Latin America, the article said. is expected to reach $64 billion by 2028, according to the retail analytics firm GlobalData , CNBC reported.

Retail 148

Retail Taxes Analytics America 148

PYMNTS

FEBRUARY 27, 2020

The Business Solutions Division and CompuCom account for about 60 percent of Office Depot’s total sales, the article said. “In Investment is lower retail operations, but eCommerce technology, distribution network and other customer services are all growing. In Q4, Office Depot said, capital expenditures totaled $27 million.

Capital 151

Capital Retail Conference Technology 151

PYMNTS

MAY 22, 2020

An initial explosion of online orders left Amazon overwhelmed, forcing the company to temporarily reprioritize its operation toward mostly delivering key household items. CEO Doug McMillon tipped his hand on the company’s eCommerce success and Express Delivery’s expansion in a recent op-ed article. “I

Retail 158

Retail Online Video Branding 158

South State Correspondent

DECEMBER 8, 2023

Every Bank Has a Certain Level of Small Business Banking Channel Confusion While few said it, almost every major bank implied some level of channel confusion with small business banking as it overlaps with retail, commercial, and specialty lines of business. Many banks were looking to install more automation to lower operating costs.

Conference 195

Conference Retail Community Bank Technology 195

PYMNTS

NOVEMBER 1, 2018

Or, as a recent CNBC article put it, quoting a source, “a mass extinction event.”. Among the latest chronicles of that struggle came this week via a CNBC article , which includes this quote from a 2016 McKinsey & Co. So far, at least, global banks are holding up, based on their most recent reporting periods,” the article says.

Fintech 191

Fintech UX Mobile FDIC 191

Chris Skinner

JULY 25, 2017

I really enjoyed a recent article on CGAP (the Consultative Group to Assist the Poor). They regularly produce research about financial inclusion that is illuminating and Pablo García Arabéhéty recently wrote an article that is worth sharing here. Transactions Want to Be Free “Information wants to be free.” Then the internet happened.

ATM 274

ATM Bitcoin Retail blockchain 274

PYMNTS

OCTOBER 5, 2017

According to the Reuters article, Amazon has approached several French supermarket operators with interest in distribution deals or acquisitions within the country. The Amazon Go prototype grocery stores will enable customers to make purchases without the need for a cashier, and are currently in testing in Seattle, Washington.

Retail 100

Retail Seattle Washington Report 100

Chris Skinner

MAY 18, 2017

It’s a benchmark article showing how an incumbent giant finds it hard to adapt. Can Wal-Mart’s Expensive New E-Commerce Operation Compete With Amazon? sat down to record a private video for the top officials of the world’s largest retailer: Wal-Mart. Even more astonishing, Lore and his management team in Hoboken, N.J.,

Omaha 277

Omaha Video Arkansas Boston 277

PYMNTS

FEBRUARY 27, 2019

27), Anthony Barzilay Freund, editorial director and director of fine art at the retailer of antique and modern furniture, jewelry, fashion and art, talked about the role content — even long-form articles — can play in eCommerce in 2019. But catalogs can work, as 1stdibs and other retailers have learned. Speaking to Audiences.

Retail 214

Retail Online America Millennials 214

South State Correspondent

AUGUST 8, 2022

With 100+ public banks reporting, we have more than a representative sample to see 2Q 2022 bank earnings trends and derive some operational insights on bank performance. In this article, we put some data behind the trends and provide optimal targets to help you run your bank more successfully. Look for this trend to increase.

Trends 195

Trends Community Bank Community Retail 195

FICO

NOVEMBER 30, 2022

Profitability and Customer Financial Health in Retail Banking. In my recent Forbes article , I explored a vision for the future of retail banking where the customer’s complete financial wellness is at the center of decision making. Here’s how to strike a balance that delivers long-term benefits for customers' financial health.

Retail 52

Retail Data Analytics Fraud 52

PYMNTS

APRIL 12, 2016

When you think of the future of online retail, you may get a vision of innovative online retailers at a startup in Silicon Valley or the hip streets of NYC or L.A. But, in actuality, if you want to see what the future of online retail looks like, you might need to look to Ohio. commented to CNBC. . commented to CNBC.

Ohio 100

Ohio Taxes Retail Online 100

Perficient

MARCH 3, 2023

In our last article, Starting Down the Road to Supply Chain Visibility , we discussed Perficient’s recommendations regarding processes to provide supply chain visibility.

blockchain 275

blockchain Management Regulation Resources 275

PYMNTS

FEBRUARY 27, 2018

Shipping — by road, sea, air or rail — is becoming more costly as operators across shipping routes push for higher margins. That push has left some of America’s larger retail players like General Mills and Tyson in a rather difficult bind, according to a recent Reuters article. The news comes as the U.S.

Retail 115

Retail New York Branding Conference 115

PYMNTS

JUNE 17, 2020

upheld a 2018 ruling by a lower court, the Court of Appeal, that payments firms Visa and Mastercard had restricted competition for retailers by levying fees on transactions, known as multilateral interchange fees (MIF). The high court’s dismissal of Visa and Mastercard’s appeal paves the way for the retailers to seek compensation.

Cards 150

Cards Retail Regional Marketing 150

PYMNTS

MARCH 17, 2016

Omnichannel is the clear future of retail — except, perhaps, in the one way that it isn’t. Over the past few years, retailers have expanded rapidly into new sales channels that are isolated and separate from one another, as well as from their own brick-and-mortar operations. This could ultimately be hurting retail.

Retail 100

Retail New York Operations Branding 100

Celent Banking

MAY 13, 2016

But, that’s just one of a growing number of potentially very useful applications for beacons in retail financial services. Geolocation, in particular, is under-utilized by retailers (especially banks) and remains largely experimental. How far ahead of the industry is Citi? Here’s one data point.

Branch Design 100

Branch Design Survey Leadership ATM 100

Jeff For Banks

AUGUST 22, 2014

The report, as cited in the article , (via @CUInsight) stated credit union investment revenues equated to $360 per million in share deposits, and that number was 21% greater than in banks, implying bank reps achieve $298 per million in deposits. Little is the operative word here. It also receives little revenue. But it''s profitable!

Retail 86

Retail Tools Management Taxes 86

PYMNTS

JANUARY 11, 2021

The firm's founder, Sachin Goyal , penned an article in business.com advising corporates that a new collections strategy should be implemented as a result of the coronavirus crisis. million is being sought by one supplier of furniture retailer Loves Furniture & Mattresses , The Oakland Press reported.

Payments 175

Payments Oakland Strategy Capital 175

PYMNTS

SEPTEMBER 9, 2019

Ma, a former English teacher, launched Alibaba 20 years ago from his shared apartment in the city of Hangzhou in eastern China, the article said. Earlier this month, Alibaba announced a deal to buy NetEase’s cross-border retail platform Kaola for $2 billion.

Leadership 108

Leadership Groups Innovation Operations 108

PYMNTS

SEPTEMBER 7, 2017

American clothing and accessory retailer Gap Inc. Over the past two years, we’ve made significant progress evolving how we operate,” said Art Peck, Gap Inc.’s s CEO and president, in the USA Today article. Like many brick-and-mortar retailers, Gap Inc. announced news on Wednesday (Sept.

Retail 108

Retail Branding Report Company 108

PYMNTS

JANUARY 24, 2019

24) — you could be on your way to owning a pallet’s worth of mostly overstocked items , products that included a mystery collection of grocery and drugstore items, a “truckload” of apparel and accessories, the total of which retail for $620,611. Retailers are losing billions and billions of dollars on the way returns are managed,” he said.

Online 128

Online Retail Course Policies 128

PYMNTS

SEPTEMBER 27, 2017

billion in financing, a big vote of investor confidence for the toy and game retail brand which had recently declared bankruptcy. 18, 2017, with an overall goal of restructuring its operations and substantial outstanding debt, Chain Store Age reports. Toys“R”Us has just managed to secure $3.1

US 115

US New York City New York Leadership 115

PYMNTS

MARCH 29, 2018

This leads to lack of loyalty toward specific brands, and retailers and can also overwhelm customers to the point where they give up on making a purchase. But according to Julia Kaplan, CPO of Mad Street Den , retailers shouldn’t stop there. That’s what Mad Street Den’s intelligent retail automation stack Vue.ai does, she said.

Retail 100

Retail Course Technology Branding 100

PYMNTS

NOVEMBER 17, 2017

Alexa’s algorithms will connect shoppers with stylists who can offer retail suggestions via virtual dressing rooms. PYMNTS noted earlier this week that the retailer has raised $160 million. Poshmark also will expand operations internationally and seeks to partner with more small and mid-sized businesses.

Tools 101

Tools Retail Community Technology 101

PYMNTS

OCTOBER 10, 2017

In retail news, Scandinavian home furnishings chain IKEA has announced plans to test full-range showrooms and an “open-source” design, according to reports from Reuters on Monday (Oct. Lööf’s comments came after Inter IKEA’s announcement that its stores had reported €38.3 billion seen in the previous year.

Retail 101

Retail Groups America Tools 101

PYMNTS

FEBRUARY 20, 2017

As an article by Forbes detailed, when Nigeria’s wealthy want to spend, they often turn to the services of Polo Luxury. The Nigeria-headquartered holding company operates across the West Africa region through multiple luxury retail outlets. There are even rumors that a Nobu will be opening at some point.

Branding 133

Branding Regional Retail Maine 133

PYMNTS

MARCH 25, 2016

According to a statement released by Chris Turpin, NPR’s VP for news programming and operations: “We won’t tell people to actively download a podcast or where to find them. So Why Should A Retailer Care? No mentions of npr.org, iTunes, Stitcher, NPR One, etc.” And those were the professionals.

Retail 100

Retail National System Alaska 100

PYMNTS

MARCH 27, 2020

From lattes to lingerie to langoustines, retailers of every vertical and stripe are either starting to deliver to the home or are ramping up their capacity to do so. Around the globe, the restaurants that form the backbone of our communities are being asked to change how they operate.

Marketing 141

Marketing New York City New York Retail 141