PYMNTS

JANUARY 11, 2021

retail rents falling in many locales by percentages even greater than those seen in or after the 2007-08 Great Recession. These decreases are historic,” the Real Estate Board of New York wrote in a new report showing that average Manhattan retail asking rents fell in all of the island’s 17 retail corridors during autumn.

Los Angeles 207

Los Angeles Retail San Diego San Francisco 207

PYMNTS

JANUARY 26, 2021

In today’s top retail news, the U.S. The retailer said the move is part of a plan to execute a “store footprint optimization plan, including the contemplated exit of unprofitable locations.” percent of households reported last month that they had made a minimum of one large purchase. L’Occitane’s U.S.

Retail 239

Retail US New Jersey New York 239

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

MAY 31, 2020

Uber has been approved by the National Economic Prosecutor’s Office (FNE), Chile’s antitrust regulator, to acquire the Chilean grocery shopping app Cornershop, according to an FNE statement. FNE made the approval “without conditions,” according to a Reuters report.

Online 163

Online Regulation Retail Regional 163

PYMNTS

DECEMBER 9, 2020

In today’s top news, cybersecurity firm FireEye announced that it had been hacked by a suspected nation-state, and PayPal’s iZettle added QR code payments to its POS app in the U.K. Cybersecurity Firm FireEye Hacked By Suspected Nation-State. NEW REPORT: The Banks’ How To Guide To Using AI To Manage Credit Risk.

National 204

National Payments Tools Resources 204

PYMNTS

OCTOBER 17, 2017

The business advisory firm FTI Consulting has forecasted that online retail sales in the United States will top $1 trillion by 2027 , CNBC reports. The firm expects eCommerce to grow from the current figure, $445 billion, as consumers continue to move away from traditional retailers.

Retail 114

Retail Online United States US 114

PYMNTS

MAY 8, 2020

As they navigate the coronavirus pandemic and begin to reopen stores, large retailers are putting safety measures into place to keep shoppers and staff members safe — and get customers confidently back into stores. Trade groups are also providing guidance to help retailers open their doors again.

Retail 173

Retail National United States Groups 173

PYMNTS

SEPTEMBER 28, 2020

The Centers for Disease Control and Prevention ( CDC ) has some advice for holiday shoppers who prefer brick-and-mortar stores to online shopping: avoid crowds. The CDC suggested shopping online rather than in person on Black Friday or the days that follow. On the same days, Target is offering its own Deal Days, CNBC reported.

Online 168

Online Guidelines National Examples 168

PYMNTS

SEPTEMBER 17, 2020

Four consecutive months into positive consumer spending trends, one wonders if there might be — indeed must be — a lull, a pullback that might indicate a tougher road ahead for retailers headed into the all-important holiday spending season. Census Bureau reported that retail sales in August were up 60 basis points over July.

Retail 240

Retail Data National Trends 240

PYMNTS

MAY 27, 2020

Apple , which runs 510 retail locations throughout the globe, intends to open roughly 100 U.S. The technology company will have approximately 130 of 271 Apple Stores in the country open by this week’s conclusion, CNBC reported. term trends, and guidance from national and local health officials.”. stores this week.

Apple 142

Apple Retail US Nevada 142

PYMNTS

SEPTEMBER 15, 2020

To that end, in China, retail data showed consumers snapped a seven-month streak decline. Retail sales posted their first gain amid the pandemic. Data published by China’s National Bureau of Statistics showed consumer spending gained 50 basis points in August from the year ago period. percent of the total sales of retail goods.

Retail 171

Retail Lending United States Course 171

PYMNTS

JUNE 10, 2020

As retail reopens and starts to spur some optimism for the future, a dark number appeared on the scene on Tuesday (June 10). Coresight released a report that says 25,000 retail storefronts will close by the end of the year. consumers have gone online to shop since the pandemic started. PYMNTS research shows that 42.2

Retail 131

Retail New York City Online Trends 131

PYMNTS

NOVEMBER 11, 2020

Buy now, pay later (BNPL) payments platform Afterpay is teaming up with retailer Gap to offer flexible spending options as the holiday shopping season gears up. When consumers shop Gap brands online, they can choose Afterpay at checkout and pay for purchases in four interest-free installments. “We We are proud to partner with Gap Inc.

Retail 222

Retail Charlotte Branding Millennials 222

PYMNTS

MARCH 27, 2020

As government measures to decelerate the spread of the coronavirus have come into place, many upscale retailers in New York such as Chanel, Celine and Fendi have blocked access to their shops with plywood. Retail shops in storied retail locations have shut their doors. In other retail news, department stores in the U.S.

New York 151

New York Retail Los Angeles social media 151

PYMNTS

DECEMBER 29, 2020

"At Returnly, we give shoppers instant access to credit to ensure they get the right item even before returning the wrong one — ultimately helping retailers offer shoppers a predictable and consistent returns experience during these challenging times,” Vilar said. Returnly also noted that the return journey begins on Dec.

Report 141

Report United States Retail National 141

PYMNTS

SEPTEMBER 21, 2020

For retailers, the fourth quarter of 2020 is likely to see a media blitz that will make other years pale in comparison. Unspent budget from big box retailers will be let loose as early as Oct. There are many critical aspects to SMB retail media strategy but two stand out this year: when to advertise and where to advertise.

Retail 169

Retail social media Marketing Branding 169

PYMNTS

MAY 8, 2020

For companies like Fiserv, Fidelity National Information Services (FIS), PayPal and others, selling terminals, offering payments platforms and designing checkout buttons, top and bottom lines were poised to move up and to the right. Earnings reports from those companies show just how abruptly things have shifted. Setting The Stage.

Report 245

Report Online New Jersey Conference 245

PYMNTS

NOVEMBER 1, 2018

Amid a change in shopping habits from brick-and-mortar to eCommerce, online spending is expected to reach $124.1 percent growth forecasted for traditional stores, Reuters reported. retail websites. retail websites. retailers are expected to increase 4.8 percent growth the retail market saw one year ago.

Online 160

Online United States Retail Analytics 160

PYMNTS

NOVEMBER 25, 2020

24) that it enjoyed a 61 percent jump in online sales during its fiscal third quarter ended Oct. The retail giant also said that its Athleta chain’s sales rocketed even as revenues plunged at Banana Republic Global. As for its overall results, Gap reported 25 cents earnings per diluted share on $3.99 said Tuesday (Nov.

Online 170

Online Branding Retail Management 170

PYMNTS

MAY 27, 2020

With so many retailers hustling to capture the digital shift, it’s easy to let the details suffer. Unanswered customer complaints is one common example, particularly for companies that are new to amplifying their online channels. Now more than ever, our customers are interacting with our dealerships online.

Online 151

Online Management social media Branding 151

PYMNTS

MAY 31, 2020

Uber has been approved by the National Economic Prosecutor’s Office (FNE), Chile’s antitrust regulator, to acquire the Chilean grocery shopping app Cornershop, according to an FNE statement. FNE made the approval “without conditions,” according to a Reuters report.

Regulation 130

Regulation Online Retail Regional 130

PYMNTS

NOVEMBER 30, 2020

Black Friday shoppers stayed home, delivering a feared blow to brick-and-mortar retailers on what usually is one of their biggest days of the year, the Financial Times (FT) reported. About half as many shoppers as usual visited brick-and-mortar retail locations, the report stated. They’re not going to make it up online.”.

Retail 209

Retail Online Video Analysis 209

PYMNTS

JUNE 6, 2019

And that seems likely to create new opportunities for certain types of online merchants. By 2023, manufacturers and retailers will have to donate, reuse or recycle the goods” under a program that the French prime minister called the first of its kind from any national government. Amazon’s Role. Liquidation Trends.

Retail 146

Retail New York Online Trends 146

PYMNTS

FEBRUARY 6, 2020

PSCU , which is known as a premier payments credits union service organization (CUSO), reported significantly higher year-over-year growth than expected during the holidays, with a 7.86 percent market rate reported by the National Retail Federation (NRF). That’s a big upswing from the 4.1

Report 131

Report Samsung Retail Trends 131

PYMNTS

DECEMBER 16, 2020

Amid the commission caps, and amid the pandemic’s tailwind that has spurred a great digital shift toward food delivery through online channels – might eateries and aggregators be partnering to navigate a post-COVID future? To that end, as reported on Wednesday (Dec. To that end, as reported on Wednesday (Dec. percent and 37.6

National 160

National New York City Policies New Jersey 160

PYMNTS

NOVEMBER 11, 2020

The development of a COVID-19 vaccine is positive news for retailers as they find themselves once again on the front lines of the surge in the pandemic. During the first series of lockdowns in April and May, “essential” retailers were allowed to stay open. If a retailer sold food, it was essential. based but global in scope.

Retail 141

Retail New Mexico Community National 141

PYMNTS

JULY 24, 2020

Creating secure, convenient experiences for sellers and buyers alike is critical to eCommerce marketplaces looking to serve the retail sectors’ new needs and to help platforms appeal to more users. Beauty retailer Sephora , meanwhile, is renewing emphasis on China by deploying a localized eCommerce presence. Read more in the Report.

Compliance 152

Compliance Report Payments Security 152

PYMNTS

NOVEMBER 13, 2020

Power research shows that the number of customers doing their credit applications online has kicked into high gear. Consumers and Banks Both Like Online Auto Loans. Consumers are apparently so glad to dump the back-office haggle between dealer and bank that roughly one-third of car buyers are now doing the loan process online, J.D.

Online 214

Online San Francisco Trends Marketing Strategies 214

PYMNTS

APRIL 17, 2020

What will the ripple effects be for retailers (in the U.S. As has been widely reported, it took a global pandemic to hobble a growth streak that had been the hallmark of China’s economy for decades. Other economic data from China also show that retail sales were down 15.8 Online sales of physical items actually expanded, up 5.9

Retail 130

Retail National Branding New York 130

PYMNTS

MAY 6, 2020

Retail must, and will, change following the coronavirus, with consumer behavior shifting from brick-and-mortar to eCommerce and merchants making adjustments to their inventory selections and safety measures. The retailer intends to open its approximately 800 North American retail locations again in May. Gap Inc. , Gap Inc. ,

Retail 143

Retail Survey National Online 143

PYMNTS

APRIL 27, 2020

As the coronavirus shows no signs of abating, customers are opting to make their purchases without setting foot in stores, CNBC reported. Dozens of retailers, from Dick’s Sporting Goods to Walmart , have added contactless shopping services, and it’s caught on. Customers can place an order online and make an appointment for pickup.

Dallas 258

Dallas US Retail Texas 258

PYMNTS

OCTOBER 20, 2017

More than 50 percent of Chicagoans will do the majority of their holiday shopping online this year, according to a survey from Accenture. The proportion of shoppers who said they plan to shop primarily at brick-and-mortar retailers stands at 35 percent. 1 as the beginning of the holiday season , and it’s going all the way through Dec.

Online 124

Online Chicago Survey Retail 124

PYMNTS

MARCH 21, 2019

It might not have been inevitable, perhaps, but it was certainly expected: a regulatory backlash concerning the booming trade (both online and in brick-and-mortar stores) of eCigarettes , with their different flavors attractive to younger consumers — including underaged ones. This will have a huge impact,” Hochrieser told PYMNTS. “It

Online 152

Online Retail Regulation Trends 152

PYMNTS

OCTOBER 28, 2019

Wayfair case that allowed states and individual cities to launch tax policies aimed at remote sellers and marketplaces is still reverberating in 2019 and will likely affect online retail in 2020. In Q3 2019, 14 states started collected online sales tax and 11 more followed in October. eBay Makes a Deal. A recent survey of U.S.

Taxes 102

Taxes Online San Jose South Carolina 102

PYMNTS

JANUARY 3, 2020

Online brands are growing their presence in the physical world by bringing their products into brick-and-mortar stores. Ouai , a hair and body care brand founded by celebrity hairstylist Jen Atkin, will roll out some of its merchandise in 1,200 Ulta Beauty locations in addition to the retailer’s website on Sunday (Jan.

Retail 131

Retail Industry Branding Miami 131

PYMNTS

JUNE 2, 2020

The list of positive retail brand attributes goes on and on, but one new post-pandemic value has become more important than all the others: cleanliness. Example: Ted Gallagher is vice president and partner at Environmental Hazards Control , a Lancaster, Pennsylvania-based company that disinfects retail locations and other business facilities.

Retail 141

Retail Las Vegas Branding Pennsylvania 141

PYMNTS

MAY 30, 2016

If brick-and-mortar merchants can claim anything sacred from the total encroachment of online retail on its turf, it’s the highest echelon of uber-luxurious commerce. That is, if the current trend toward dollar shopping holds — both in-store and online. billion total.

Online 100

Online Retail Branding National 100