PYMNTS

AUGUST 27, 2018

When thinking about the “Amazon Effect,” one may think invariably about retail, and the impact the eCommerce giant has on the sector — changing the very nature of how everything from books to clothes are bought and brought to end customers. Might there be another “Amazon Effect” worthy of illumination? months from 6.5

Policies 101

Policies Wyoming Retail Washington 101

BankUnderground

JULY 20, 2022

Over the past decade, several central banks have cut policy rates below zero. These are unlikely to work in the same fashion as rate cuts in positive territory, because of difficulties with charging negative interest rates on retail deposits, and because of banks’ negative return on excess liquidity.

Policies 90

Policies Lending Capital Study 90

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. Sixty percent of those companies are planning a work-from-home policy for their staff. Reuters reported Sunday (Feb.

Retail 188

Retail Apple Operations Report 188

PYMNTS

JULY 24, 2020

As retailers seek to prevent staffers and shoppers from arguing, the requirements of major merchants that shoppers wear masks in U.S. Walmart , along with Walgreens, Home Depot and others, indicates that the retailer will still allow non-mask-wearing customers to transact, CNN reported. brick-and-mortar stores are only so effective.

Retail 184

Retail Policies National System 184

American Banker

MAY 6, 2024

Big national retailers will capture all the financial benefits from proposed reductions in swipe fees, while consumers will be left with fewer benefits programs and less secure transactions.

Retail 96

Retail Cards National Security 96

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 21, 2020

As eCommerce revenue has risen, so has the need for consumers to return their purchases, sometimes surprising retailers that might not have seen the order scale they’ve seen for April and May. The first was from retail clients. The issue at hand is returns. As digital revenue goes up, so do the costs of shipping and returns.

Retail 224

Retail Customer Experience Branding Online 224

PYMNTS

FEBRUARY 9, 2018

After discovering that its customers have been misusing its generous return policy, L.L. Bean, but the retailer said on Friday (Feb. Prior to the change in policy, L.L. But customers have been abusing the policy, making it hard for the retailer to continue offering a lifetime return window.

Policies 102

Policies Retail Study Branding 102

PYMNTS

JANUARY 20, 2020

An idea that may get a splash of cold water is that the development of a digital fiat (at least, in Australia) would lead to a groundswell of payments at the retail point of sale — in other words, through a boost in use cases. What It Won’t Do. There are inherent risks, too.

Retail 219

Retail Payments Bitcoin Policies 219

PYMNTS

JULY 22, 2020

A new advocacy group dedicated to direct-to-consumer retail was announced this week with representation from Google and several major retailers including QVC, Brooks Brothers and Lane Bryant. It foresees a short-term evolution of retailing to an all-DTC world. The white paper also aims right at the Digital 3.0

Google 150

Google Groups Retail New York City 150

PYMNTS

MARCH 18, 2020

For most retailers, this virus thing is starting to hurt. Retailers are now in full-on battle mode,” said Jefferies Analyst Randal Konik , who foresees a 90 percent to 100 percent drop in mall traffic. For retailers, this is now about near-term survival.”. “For For retailers, this is now about near-term survival.”.

Retail 161

Retail Groups New York City New Jersey 161

PYMNTS

MARCH 30, 2020

Amid the COVID-19 situation, Costco is cutting back on its store hours and changing some of its policies. In addition, the retailer intends to devote additional time to improve the cleanliness of its warehouse locations. On Monday (March 30), warehouse store hours will be reduced by two hours. rather than the regular 8:30 p.m.

Policies 136

Policies Retail Report Operations 136

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. All told, though, even with the positive reading last month, in China year to date, retail sales are down 8.6 percent of the total sales of retail goods.

Retail 171

Retail Lending United States Course 171

PYMNTS

JUNE 10, 2020

As retailers reopen and take stock of new post-pandemic consumer dynamics, the role of industry trade groups is changing. Groups like the National Retail Federation (NRF) focused more on economic forecasts and supply chain issues as other advocacy groups that have taken the fight for more stimulus dollars to Washington, D.C.

Groups 141

Groups Retail Strategy National 141

PYMNTS

SEPTEMBER 15, 2020

China saw retail sales increase last month for the first time since the COVID-19 outbreak, another sign of the country’s wider recovery. The latest numbers were a surprise as economists had predicted retail sales would be flat. The latest numbers were a surprise as economists had predicted retail sales would be flat.

Retail 160

Retail Policies Industry Report 160

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

MAY 11, 2020

Speaking at a virtual conference about the future of money, European Central Bank (ECB) executive board member Yves Mersch said a retail central bank digital currency (CBDC) is a game-changer. “A However, a retail CBDC, accessible to all, would be a game-changer, so a retail CBDC is now our main focus.”.

Retail 130

Retail Conference Maine Policies 130

PYMNTS

MARCH 23, 2020

But for non-essential retail, stepping up takes more commitment, risk and money. It’s in the non-essential category that true retail heroes are showing up amid the coronavirus pandemic. 1: In Detroit Bedrock LLC real estate company is giving free rent for the next three months to its small-business retail and restaurant tenants.

Retail 167

Retail Detroit Leadership Regional 167

PYMNTS

FEBRUARY 3, 2020

Consumers are firing brick-and-mortar retailers from the jobs they held years and decades before. To get their shopping jobs done, consumers are now hiring retailers that make it convenient to do business – anywhere, anytime, through any channel and on their terms. But it’s more than that.

Retail 172

Retail Online Study Meeting 172

PYMNTS

APRIL 14, 2020

Some other names include office retailer Staples, French luxury conglomerate Louis Vuitton and fashion retailer Burlington Stores. However, some states like Ohio, Wisconsin and California have implemented policies making it harder for landlords to evict tenants for nonpayment during the pandemic.

Retail 173

Retail Wisconsin Ohio California 173

PYMNTS

JUNE 29, 2020

Retailers looking for the shape of an economic recovery have had several letters to choose from. There are things in the toolkit that model economic policy and that sort of thing. If infections drop, retail spend has a better chance of recovering. No letters, patterns or retail bailouts will be more powerful than COVID-19.

Retail 130

Retail Arizona Florida Texas 130

PYMNTS

APRIL 29, 2020

New developments are focusing on supply chain, government activity and infrastructure to improve the customer experience as post-pandemic retail finds its legs. Retailers that sign up for the new program will receive discounts of up to 40 percent on FedEx Ground and 50 percent on FedEx Express services.

Retail 154

Retail Customer Experience Branding Conference 154

PYMNTS

MARCH 6, 2020

That’s the case with the new employment report from the Bureau of Labor Statistics, which showed that retail jobs held steady between January and February. Manufacturing, mining, wholesale and retail trade, and transportation and warehousing saw little change in employment for the month, the BLS said. Sometimes no news is good news.

Retail 150

Retail Report San Francisco Conference 150

PYMNTS

MARCH 31, 2020

As retail sales fell with increasing social-distancing policies and travel limitations , companies and retail stores in Hong Kong snapped under the COVID-19 outbreak last month. Retail sales fell 44 percent in the month to $2.93 For the first two months of 2020, retail sales by value plummeted 31.8

Retail 130

Retail Policies National Report 130

PYMNTS

DECEMBER 2, 2019

As we look to a new decade and as payments technology advances, eyes are turning toward point-of-sale (POS) insurance offerings for retail purchases. As recent PYMNTS research has confirmed, 58 percent of consumers would be more likely to buy retail products or spend more with merchants if insurance was offered at the point of sale.

Retail 142

Retail Policies Analysis Apple 142

PYMNTS

SEPTEMBER 8, 2016

According to B2C Europe’s recently released study , more than half of all consumers consider returning the item long before they decide to buy it and will actively seek to learn what the merchant’s return policy is. Over a third would be incensed to make a purchase in a foreign country if the return policy was clear and certain.

Policies 100

Policies Study National Retail 100

Payments Source

MARCH 16, 2021

Any failure by retailers to fully and effectively execute on all post-purchase business requirements and that promise will quickly turn to pain, says Inmar Ingellince's Ken Bays. ]].

Policies 148

Policies Retail Payments 148

PYMNTS

MARCH 26, 2020

For retailers, especially those deemed non-essential and struggling with revenue, branding may be on the back burner right now. According to Claessen, those brand attributes are even more important during this crisis as retailers communicate with employees, landlords and consumers. Big mistake, say several branding experts.

Branding 145

Branding Retail social media Customer Experience 145

PYMNTS

JANUARY 18, 2020

What makes the story stand out among the reams of local retail crime reporting is that the crime was actually committed. Botched crimes in local retail are common. Organized Crime’s Physical Retail Expansion . Brown rejected suggestions that it could be a current or past employee, telling local news affiliates, “It was a pro.”.

Retail 147

Retail Colorado Cards Resources 147

PYMNTS

JANUARY 15, 2021

The holiday shopping season is the most wonderful time of the year for the retail industry. Brick-and-mortar merchants and online retailers alike often rely on end-of-year sales to generate up to 40 percent of their annual revenues and start the new year on a positive note. A notable $730 billion in U.S. A notable $730 billion in U.S.

Retail 159

Retail Online Fraud Cards 159

PYMNTS

MARCH 6, 2019

Writ large, the unattended retail model can be thought of, too, as an unattended payments model, where everything revolves around an authenticated user wielding a registered payment credential — two components that, once in place, can truly take advantage of an omnichannel experience. The Partnership Model.

Retail 148

Retail Payments Online Course 148

PYMNTS

NOVEMBER 23, 2018

By working collaboratively with these retailers, we’ve created a way for businesses to take proactive steps to prevent scams,” New York State Attorney General Barbara Underwood said in a statement. With the new policies, changes include lowering the transaction limits on the sale of store-branded gift cards.

Fraud 156

Fraud Cards Retail New York 156

PYMNTS

MARCH 18, 2020

Several of those retailers also chose to close down some other stores, too. Beauty product retailers will face different challenges than some. The fact that many will now work from home for the time being will also affect the retailers’ bottom lines. Sephora will close all of its U.S. and Canada locations through April 3.

New York City 130

New York City Retail New York Policies 130

PYMNTS

JANUARY 3, 2021

A surge in eCommerce returns driven by COVID-19-related policy changes is hurting retailers but helping logistics companies, the Financial Times reports. If retailers can't restock the item, they lose whatever they paid for it. As undesirable as accepting returns is, retailers are trapped, the Financial Times noted.

US 271

US Retail Policies Online 271

PYMNTS

MARCH 9, 2020

The coronavirus could have wide-reaching effects on medical facilities, eCommerce retailers, technology and the economy as a whole. Meanwhile, because of the continued proliferation of the coronavirus, Amazon is offering a more flexible attendance policy for warehouse workers and other staff, CNBC reported.

Policies 141

Policies New York San Francisco Seattle 141

PYMNTS

JUNE 10, 2019

Oracle has announced new enhancements for its Retail Brand Compliance Management Cloud Service , which will enable retailers to monitor the integrity of their materials and end products. The biggest names in grocery rely on Oracle Retail Brand Compliance to meet these expectations, while protecting their customers and brands.”

Compliance 115

Compliance Retail Branding Analytics 115

PYMNTS

JULY 22, 2019

Retail trends and innovation can come from unlikely places, and that seems to be the case now when it comes to pets and CBD, two hot areas of commerce that are intersecting. No matter the state of regulatory or scientific certainty about CBD, various players in payments and retail are making moves to secure their roles in this growing market.

Retail 124

Retail Innovation Industry Study 124