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Big Week Ahead For Retail Data

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Prepare for a big week of retail data, all of it unprecedented in light of the COVID-19 pandemic. Starting with the Commerce Department retail sales data on Wednesday, retailers will get a sense of how much consumers are spending and the retailers they are spending with. For retailers, there are no surprises from March.

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Retail 2021: The Five Things Retailers Should Be Talking About At NRF This Week

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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. Like this one.

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In Blow To Amazon, Regulators In India Approve Reliance Retail Deal

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In a big setback for Amazon , the Securities and Exchange Board of India has reportedly approved Reliance Retail ’s $3.4 billion acquisition of Future Group ’s retail assets. Amazon had called on the Indian securities board in November to investigate Future over the issue of insider trading.

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Online Retailers Face New Threats From Hackers

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Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. The news comes amid yet another online retail cyberattack, this one targeting Japan’s Fast Retailing, the company that owns the Uniqlo retail chain.

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Today In Payments: Cybersecurity Firm FireEye Hacked By Nation-State; PayPal’s iZettle Intros QR Codes At POS In UK

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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. businesses.

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‘Organized Retail Crime’ Is Growing (And Not Just Because Of The Pandemic)

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Organized crime rings are taking advantage of the pandemic, looser police enforcement and a softening in anti-shoplifting laws to swipe tons of merchandise from retail stores and warehouses across the United States. KPIX-TV reported that the shop proudly advertised on Facebook Marketplace that customers “never pay retail.”.

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Big-Box Retail CEOs Say Stimulus Checks Boosted Sales

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If you want to know whether stimulus checks are working to rebuild the economy, just ask the world’s largest retailer. The Coronavirus Aid, Relief and Economic Security (CARES) Act provided income-eligible taxpayers with a $1,200 check, or $2,400 for couples. CNBC reported that Walmart was not alone in reaping the stimulus benefits.

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