PYMNTS

NOVEMBER 5, 2020

From where things stand in Q4 2020 it’s not hard to imagine physical retail going extinct. Noting the ways COVID has permanently changed retailing, CNBC recently reported , “As more and more stores go dark at the mall, some major retail executives are looking to grow outside of it — a tactic they hadn’t touted so publicly before.

Retail 252

Retail Millennials Online Report 252

PYMNTS

DECEMBER 31, 2020

For Main Street businesses, to say 2020 was challenging is an understatement. According to PYMNTS data, more than 60 percent of Main Street firms have at least three channels operating to drive sales: online, at physical stores and mobile. Aid has notably come in from all corners, particularly the card networks.

Maine 169

Maine Philadelphia Community Boston 169

PYMNTS

DECEMBER 19, 2019

” Opportunity On Main Street. The low-hanging fruit for technological disruption of business insurance is on Main Street, he said, largely because businesses with 100 or fewer employees can be serviced in a fairly standardized way. “We can do that all automatically.” It’s a major expense.

Maine 131

Maine Policies Capital Online 131

PYMNTS

MAY 7, 2020

All eyes may be trained on Wall Street now, and Main Street too as the latest tranche of business lending gets underway. But revisiting management commentary and specific sub-segments of the reported data — specifically Square Capital and Cash App — shed additional light on where merchants see opportunity and challenge right now.

Maine 141

Maine Online Capital Retail 141

PYMNTS

NOVEMBER 9, 2020

For retailers, it is a time of reexamination. Digital-first or digital-native retailers made it so. Retail’s own performance reflected that shift. The conversations in retail boardrooms and war rooms in November of 2021 will center on how to direct some of that pent-up demand their way. and Brazil.

Retail 295

Retail Online Branding Data 295

PYMNTS

JUNE 15, 2020

Square Capital LLC processed more than $820 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans in six weeks, the firm reported. Last year, Square Capital did $2.3 Of that number, 60 percent of the borrowers had never before received a loan through Square Capital.

Capital 141

Capital San Francisco New Jersey Massachusetts 141

PYMNTS

FEBRUARY 24, 2020

Another bankruptcy; another week of trying to sort out the problems at retail. simply has too many stores to support them all and the “retail apocalypse” is simply as natural as a snake shedding skin. The issue was raised by Horan Capital analyst David Templeton in his Monday (Feb. square feet of retail space for every consumer.

Retail 168

Retail Comparison Maine Online 168

PYMNTS

JULY 6, 2020

If your business touches retail in any way, it might pay to follow a few important breadcrumbs. Worse yet, some analysts fear the triggering of break-lease clauses for retailers in malls if anchor stores leave. All of this will only make malls an even tougher sell to consumers, and to retailers that want consumers to buy their stuff.

Retail 259

Retail Meeting Branding Maine 259

PYMNTS

JANUARY 23, 2019

Capital One ’s domestic card loans increased 8 percent in the fourth quarter of 2018 , the bank said on Tuesday (Jan. billion, a jump Capital One said was mainly due to a 65 percent increase in marketing expenses. Capital One takes over for Synchrony Financial , which had a nearly 20-year relationship with the retail chain.

Capital 156

Capital Cards Branding Conference 156

PYMNTS

JUNE 22, 2020

Getting the government to participate with providing loan-loss guarantees so that lenders feel comfortable in providing their capital, getting CDFs [community development funds], FinTechs small banks, large banks to the table and committed. “The way to start to close that gap is by bringing everybody together,” she said.

Maine 246

Maine Lending Community Fintech 246

PYMNTS

JULY 3, 2020

Retail CEOs faced a parade of problems in 2020’s first six months, but some executives look ready to set off plenty of fireworks in the year’s back half. . Here’s a July 4 th look at some top executives in retail who seem ready to declare their independence from business as usual in 2020’s final six months. . John Donahoe, CEO, Nike.

Retail 267

Retail Apple Branding Marketing 267

PYMNTS

AUGUST 6, 2020

And yet Japan remains a heavily cash-based economy, Darren Abrahamson , managing director of Bain Capital Tech Opportunities told Karen Webster. Lastly, the third main driver for Japan’s potential move to electronic payments has, of course, been the pandemic and the resulting loss of consumer appetite worldwide for handling cash.

Capital 214

Capital Payments Mobile Trends 214

South State Correspondent

JANUARY 17, 2024

We focused mainly on customer profitability and used risk-adjusted return on capital as a proxy for profitability. Through this understanding of profitability and productivity, bank managers can set better strategies and tactics plus start to optimize the allocation of capital. increase in M/B. The same goes for transaction accounts.

Study 195

Study Maine Analytics Capital 195

PYMNTS

JANUARY 4, 2019

Luxury retail company Saks Fifth Avenue is closing a two-year-old location at Manhattan’s Brookfield Place, a move that spotlights the intensifying competition from other high-end retailers for physical space amid shoppers’ exodus to online shopping. Physical U.S. department store sales declined 1.3

Retail 134

Retail New York Maine Online 134

South State Correspondent

MAY 9, 2024

This data is critical for pricing, capital allocation, and marketing. ” The reality is that banks should be much more granular in their ratings to allocate capital more efficiently. Retail is the other sector worth noting as it is the opposite of multifamily. When you write a blog, your work is there for all to see.

Data 195

Data Trends North Dakota Capital 195

PYMNTS

FEBRUARY 24, 2016

One of the most significant: the health and importance of small businesses, and in particular, the “mom and pop” shops that line the main streets and side streets of our local communities. These businesses – we call them Store Fronts — represent 3.8 million businesses, accounting for nearly 37 percent of all SMBs. The SFBI stood at 112.9

Maine 100

Maine South Carolina New Hampshire Capital 100

PYMNTS

NOVEMBER 6, 2018

But years later, shoppers traded Woolworth’s along with other Main Street stores for locations near the highways. That retailer would be Five Below, which, after opening its doors in 2002, called itself “the Five-and-Dime for the iPod Generation” in a 2011 press release. The New Five-And-Dime Store.

Maine 139

Maine Retail Pennsylvania Study 139

PYMNTS

NOVEMBER 3, 2020

These are the top stories in retail for Tuesday (Nov. Carvana, which sells both used and new cars, has been one of the main innovators in the space, with its high-profile vending machines in several major markets. Wayfair, Home Furnishings Sector Looks Past COVID Winter.

Company 131

Company Retail Boston Capital 131

PYMNTS

OCTOBER 3, 2016

Even if there were a trustworthy way to send money over the internet — which there isn’t — the network is no substitute to the essential ingredient of capitalism — salespeople.”. Take retail salespeople — Stoll’s self-proclaimed cornerstones of capitalism. Service — not sales — is the new human retail touchpoint.

Retail 197

Retail Baltimore Tools Online 197

PYMNTS

MAY 22, 2020

The data painted a dark picture for Main Street retail this week, with a new Facebook & Small Business Roundtable study showing that over 30 percent of small to medium-sized businesses have either failed or don’t see a way forward due to the pandemic. It’s called Main Street Regenerators.

Maine 138

Maine Philadelphia Community Groups 138

PYMNTS

JUNE 18, 2019

Pet retail is having a moment, with innovation and other efforts helping merchants better reach owners of dogs, cats and other household animals. Pawscout, as it turns out, just launched its $20 pet tags in Walmart — and is selling the product via other retailers, Chavez told PYMNTS. physical retail landscape. Pet Medicine.

Retail 122

Retail social media Fort Worth Dallas 122

PYMNTS

OCTOBER 16, 2019

Retail sales in the U.S. Online retail suffered a 0.3 Meanwhile, the retail sales for August were revised to a 0.6 Gloomy economic clouds keep gathering, and the latest example comes from Europe, as retailers and payment services providers shift more of their focus to the all-important holiday shopping season.

Retail 102

Retail US Meeting Data 102

PYMNTS

SEPTEMBER 21, 2020

In between the mad rush to close out the business year, retailers and restaurants prep for what they hope is the most wonderful time of their year for making sales. The good news, Phalen said, is that 60 percent of the SMBs that participated in Visa’s study said they have already taken steps to capitalize on that shift.

Maine 294

Maine National Study New York 294

PYMNTS

JANUARY 13, 2021

The aim of the Starbucks Community Resilience Fund is to support SMBs in areas “with historically limited access to capital,” the release said, to promote racial equality and environmental resilience. Access to capital is especially important amid worries of a second lockdown.

San Francisco 226

San Francisco New York City Chicago Atlanta 226

PYMNTS

JULY 4, 2017

Retailers in Europe and the U.K. The moves are aimed at improving customer experience and keeping up with eCommerce , which is greatly hurting the sales of many traditional retailers. are reportedly using spy technology in an effort to boost sales and customer service. Europe and the U.K. Europe and the U.K.

Retail 103

Retail Software Technology Video 103

PYMNTS

JULY 1, 2020

billion non-cash goodwill charge before tax, as the retailer’s long-haul forecast and market capitalization shifted, mainly due to the coronavirus health crisis. The department store retailer also recognized an $80 million long-lived asset impairment charge, according to a first-quarter financial results announcement.

Taxes 232

Taxes Retail Maine Regional 232

PYMNTS

JUNE 10, 2020

Motivating a change in consumers or retailers is not always easy work, a reality evidenced by the plodding pace of contactless payments in the U.S. That has motivated a sea change as brands and physical retailers are working to rebuild their consumer experiences around digital, she said. Widening the Range Of eGifting’s Capability.

Retail 149

Retail Payments Branding Video 149

PYMNTS

APRIL 14, 2016

It seems like every month, retailers get their hopes up that the end of low sales is just the turn of a calendar page away, and every month, they come away disappointed. Census Bureau released retail sales number for March on Wednesday (April 13). Retail stores and restaurants took a hit of about 0.3 billion for the month.

Retail 100

Retail Maine Capital Report 100

PYMNTS

JUNE 3, 2019

The two most powerful forces shaping the future of retail payments have nothing to do with payments at all. It’s a world in which new retail models and new places to shop have emerged to satisfy that need, blending the online and offline worlds in ways that benefit the digital and marginalize the physical – at least as it operates today.

Retail 196

Retail Payments Online Cards 196

PYMNTS

AUGUST 14, 2020

The Canadian firm said it has a total of $77 billion in securities, cash and other available capital available when including uncalled capital commitments from clients, Bloomberg reported. Separately, Brookfield is going to spend $5 billion in an effort to get the retail mall industry back on track following COVID-19 per news in May.

Management 131

Management United States Capital Retail 131

PYMNTS

DECEMBER 1, 2020

Former Google CEO Eric Schmidt is among the backers of a new $111 million European early-stage venture capital fund, according to CNBC. 30) by London-based venture capital firm Firstminute Capital , CNBC reported. The new fund's main investor is RIT Capital Partners.

Google 159

Google Charlotte Capital Big Data 159

PYMNTS

JULY 23, 2019

Truckers play an important role in shuttling deliveries across country to retailers and merchants, handling 71 percent of the freight tonnage moved in America in 2017.

Retail 131

Retail System Payments Resources 131

PYMNTS

DECEMBER 20, 2019

A decade ago, the concept of building a retail operation around shopping in other people’s closets was something of a hard sell. We were kind of the original disruption in the fashion retail space, as it brought the concept of sharing a closet to the forefront in 2009.

Retail 133

Retail Data Maine Company 133

PYMNTS

DECEMBER 11, 2017

Here are the numbers: $682 billion | Amount that consumers are expected to spend on presents and other holiday preparations this holiday shopping season, with retailers going the extra mile to meet them where they are in a simpler and faster way. 165 million | Value of VC funding raised by luxury eTail brand Moda Operandi. .

Bitcoin 100

Bitcoin Capital Data Resources 100

PYMNTS

SEPTEMBER 2, 2016

economy powered by consumer spending, vacant retail rental space is forecasted to decline in the next several years, while rental prices are forecasted to rise, according to Cushman & Wakefield ’s recently released U.S. The bifurcation in retail property performance based upon class will only accelerate,” according to the forecast.

Retail 101

Retail Trends Branding Marketing 101

PYMNTS

AUGUST 23, 2019

As the results from the nation’s most prominent names in retail came rolling in for Q2, one could not help but think back to high school and recall what is probably the best-known start to a novel in the English language: It was the best of times, it was the worst of times. The Winner’s Circle — And How They Got There .

Retail 116

Retail Branding Report Management 116

PYMNTS

MAY 3, 2019

Brick-and-mortar retailers are changing the way they manage their workforces in the age of Amazon: Walmart , for instance, is testing multiple versions of a new team structure called the “Great Workplace” in some of its locations. At the same time, it was reported that Walmart plans to employ $11 billion in capital expenditures this year.

Retail 100

Retail St. Louis San Diego Los Angeles 100