PYMNTS

AUGUST 4, 2020

The first half of 2020 was a tough time to run a small business on Main Street as stay-at-home orders closed down restaurants and retailers for much or all of the past five months. That requirement of rapid change left many Main Street merchants deeply shaken and worried about their futures.

Maine 181

Maine Study Survey Report 181

PYMNTS

JANUARY 18, 2021

Every year for the last 110 years , members of the retail trade group, known as the National Retail Federation (NRF), have assembled to discuss the slate of issues pertinent to its members. COVID-19, of course, didn’t cause physical retail’s steep decline — it just accelerated it. Retail is now about logistics and the last mile.

Retail 309

Retail Online Maine Branding 309

PYMNTS

APRIL 28, 2020

The Federal Reserve is nearly ready to debut its new Main Street lending program, and it is reaching out to banks for advice, according to a report from CNBC. The Fed has been looking for help from investment, retail and reserve banks. billion in sales from 2019.

Maine 184

Maine Lending Taxes Industry 184

PYMNTS

MAY 8, 2020

The crisis is hardly over, but post-pandemic reality is setting in for Main Street retail. She believes lockdown orders created a loophole that allowed large chains that offer essential retail to continue selling non-essential goods like toys and electronics. Policy put into place must target Main Street.

Maine 142

Maine Groups San Francisco Lending 142

PYMNTS

MAY 20, 2020

Most businesses have been hit hard by the global pandemic, but perhaps no segment has been more crippled or left with a future more uncertain than the Main Street local establishments that rely on daily sales for traffic. Retailers need help right now. Another 3 percent said they’ll rely more on brick-and-mortar sales in the future.).

Maine 177

Maine Fintech Retail Online 177

PYMNTS

JULY 22, 2020

But as is often the case during times of economic turbulence, the costs are being borne the most by Main Street SMBs that have been forced to furlough workers and close their doors (at least temporarily). Restaurants lead the pack among struggling Main Street merchants. business closures.

Maine 140

Maine Honolulu San Francisco Data 140

PYMNTS

MARCH 5, 2020

Walmart has announced that it’s going to merge its Walmart Grocery app with the main Walmart mobile app, to create a more seamless shopping experience for its customers, according to a report by TechCrunch. The main app was No. Previously, customers had to switch between the two apps depending on what they wanted.

Maine 140

Maine Mobile Marketing Report 140

PYMNTS

MAY 11, 2020

The post-pandemic reality is setting in for Main Street retail even though the crisis is hardly over, while Paycheck Protection Program (PPP) loan guidance issued in late April marked a major change from when the program opened. All this, Today in Data.

Maine 130

Maine New York Data Retail 130

PYMNTS

MAY 28, 2020

In Main Street On Lockdown: Business Recovery edition, we surveyed 431 SMB owners from across the U.S. Main Street On Lockdown: Business Recovery edition aims to understand why some SMBs are all-in on innovation, while others risk getting left in the dust. Not all SMBs are equally eager to develop new technologies, however.

Maine 182

Maine Data Innovation United States 182

PYMNTS

APRIL 28, 2020

Reinventing retail in the wake of COVID-19 may mean reinventing retail formats. It’s also likely that retailers will see more men in-store than women, and they should consider adjusting inventory to target these shoppers.”. Inventory adjustments will only be part of the post-COVID retail order.

Retail 272

Retail Survey Maine Meeting 272

PYMNTS

APRIL 21, 2020

But despite tidbits of good news that infection rates are coming down and government money is moving out, a majority of Main Street businesses don’t see themselves surviving COVID-19. history, but it has not made Main Street SMBs feel any more stable than they did before it was passed,” the report states.

Maine 130

Maine Survey Report Retail 130

PYMNTS

MARCH 13, 2020

After it was forced to shutter its retail locations in China because of the spread of COVID-19, Apple Inc. The closures were one of the main reasons the tech company cited for removing its March quarter sales outlook, Bloomberg reported. has reportedly put all of them back into operation.

Apple 265

Apple Operations Retail Maine 265

Payments Dive

OCTOBER 2, 2018

In this report, we will review some of the main themes and trends in the mobile payments market. The world of mobile payments has changed significantly over the past decade – and particularly over the past few years as smartphones and other mobile devices have become ubiquitous.

Mobile 359

Mobile Retail Payments Maine 359

PYMNTS

JUNE 4, 2020

The Federal Reserve will launch the Main Street Lending Program, which is geared toward mid-sized businesses, this week. Federal Financial Analytics Managing Partner Karen Petrou said, per the report, “It’s only the ‘ Main Street ’ program if the Main Street in your town looks a lot like Park Avenue.

Maine 130

Maine Lending Company California 130

PYMNTS

MARCH 30, 2020

The boutique shops that lined Main Street USA, which got nearly all of their business face-to-face in their stores, expected that 2020 would be another great year. In other words, this sample reflects the composition of SMBs on those Main Streets and side streets of the communities that we all call home. In just 21 days. .

Maine 232

Maine Data Capital Study 232

PYMNTS

APRIL 10, 2020

Cities are starting to supplement the federal government in an effort to save Main Street businesses from the destructive economic effects of the COVID-19 pandemic. Boulder, Colorado has been working on strategies to help downtown retailers since before the coronavirus crisis. economic policy think tank the Brookings Institute.

Maine 141

Maine Seattle San Francisco New York City 141

PYMNTS

SEPTEMBER 11, 2020

We have deep dives on Main Street, disbursements and quick-response (QR) code payments. . NEW DATA: The State Of Main Street Businesses Six Months Into The Pandemic. The coronavirus pandemic has stretched Main Street to its financial limits. Six Months Into Pandemic, Taking The Pulse Of Main Street SMBs.

Maine 141

Maine Apple Payments Online 141

PYMNTS

NOVEMBER 17, 2020

Customer experience platform Narvar is partnering with real estate investment trust Simon to facilitate easier retail returns, according to a press release. Despite our deep roots in eCommerce, we've always believed in the persistent power of physical retail," Amit Sharma , founder and CEO of Narvar, said in the release.

Retail 212

Retail Customer Experience Maine Regional 212

PYMNTS

SEPTEMBER 7, 2020

The continued resumption may not be enough to stave off the top-line pressures and cash crunches that bedevil the Main Street SMBs that power a significant portion of the U.S. Census, there were notable gains in retail, where 249,000 jobs were added, and professional services, with 197,000 positions. The state of Main Street right now?

Maine 161

Maine Survey Data United States 161

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 18, 2020

We have deep dives on disbursements, Main Street small- to mid-sized business (SMBs) and BarkBox reportedly combining with Northern Star Acquisitions Corp. Globally and in Australia, 20 percent of our transactions take place in physical retail,” Molnar said. BarkBox To Go Public Via SPAC At $1.6 Billion Valuation. billion arrangement.

Maine 168

Maine Bitcoin Study System 168

PYMNTS

APRIL 21, 2020

The retail bankruptcy watch intensified Tuesday (April 21) as the department store sector was hit by reports of yet another major player looking at that option. Lord & Taylor, now joining Neiman Marcus, is considering a bankruptcy filing as the COVID-19 lockdown continues to decimate non-essential retail. billion in sales.

Retail 220

Retail Dallas Washington National 220

PYMNTS

SEPTEMBER 22, 2020

Batteries Plus Bulbs , a Wisconsin-based nationwide retail chain, has arguably powered the consumer shift to digital. In retail, Q4 2020 is likely to see a media blitz that will make other years pale in comparison.

Retail 135

Retail Wisconsin Comparison Maine 135

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 29, 2020

in Main Street On Lockdown: Business Recovery. Small and medium-sized companies faced the choice of finding digital ways to reach customers or run the risk of going out of business. All this, Today in Data. 431: Number of SMB owners PYMNTS surveyed from across the U.S. 45.9%: Portion of SMBs that have applied for PPP loans.

Maine 130

Maine Innovation United States Survey 130

PYMNTS

JULY 2, 2020

Downtowns everywhere from Maine to California are dealing with varying degrees of economic and existential pain as a result of the pandemic, but nowhere is the pain as acute as in college towns. She sees local retailers and restaurants working on their eCommerce capabilities.

Maine 144

Maine Massachusetts California Michigan 144

Chris Skinner

JUNE 2, 2020

This is it … In one month, retail sales jumped massively from 16% to 27% of all sales. The end of main street is nigh. Other facts and figures that made me smile were Amazon’s retail sales jumping 24% in … The post 2030 arrives in 2020 appeared first on Chris Skinner's blog.

Maine 484

Maine Retail Technology 484

PYMNTS

SEPTEMBER 4, 2020

But in other ways, it was business as usual, as the two biggest retailers in the world – Walmart and Amazon – posted stellar earnings numbers and competed in more muted ways for the U.S. percent of total consumer spending in Q2 (spanning all categories, including retail) and 9 percent of total retail spending. That’s up from 9.6

Retail 249

Retail Seattle Exercises Online 249

PYMNTS

FEBRUARY 11, 2020

retailers are concerned about a supply chain problem. While no direct evidence has been presented for a supply chain interruption from China, a new Wells Fargo report says concerns are rising among retailers. Every retailer has what’s known as an ‘All Hazard Plan.’ Chinese retailers are being hit hard.

Retail 188

Retail Apple Operations Report 188

Independent Banker

OCTOBER 31, 2022

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that.

Banking Trends 151

Banking Trends Retail Trends Community Bank 151

PYMNTS

JUNE 7, 2017

Another online home furnishings retailer is joining the HGTV family. Joss & Main just announced its partnership with HGTV ‘s Beachfront Bargain Hunt: Renovation series. Starting June 10, Joss & Main’s pieces will be on HGTV’s show for six weeks.

Maine 100

Maine Retail Online Management 100

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

AUGUST 17, 2020

90%: Share of its retail square footage that Dillard’s owns. Data: $651M: Farfetch’s digital platform gross merchandise value in Q2 (an all-time high). 560: Number of Dillard’s stores, which are located mainly in the Southeast. 265.8M: Dillard’s operating expenses for the 13 weeks ending Aug.

Retail 161

Retail Maine America Data 161

PYMNTS

AUGUST 6, 2019

In one sense, that describes the situation for mobile commerce — specifically, retail apps — as 2020 looms. New research from PYMNTS and LISNR digs deep into consumer views of mobile retail apps. It’s not because of lack of choice — in all, some 5 million apps, retail and other types, are available for downloading.

Retail 189

Retail Mobile Payments Comparison 189

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. 24) report on the Pier 1 bankruptcy and retail bankruptcies in general. square feet of retail space for every consumer.

Retail 168

Retail Comparison Maine Online 168

PYMNTS

JANUARY 23, 2020

23) passed a ban on cashless food and retail stores. The chain said people can still pay with cash on their self-service tills and main checkouts, but some customers have taken to social media to protest the decision, saying they believe it will make shopping more difficult. The New York City Council on Thursday (Jan.

New York City 236

New York City New York Retail social media 236

PYMNTS

JULY 17, 2020

retail and economic recovery is still facing serious headwinds. retail sales, which exceeded forecasts in June. Retail spending increased 7.5 What was not clear was the effect stimulus funds made on retail spend. But the May and June spikes returned retail sales levels to pre-pandemic numbers. Data from the U.S.

Retail 159

Retail Atlanta Data Washington 159