Should retail banks be retailers?

Chris Skinner

Admittedly, he says it’s partly inspired by my blog of last year about challenger banks, but his write-up takes it further and has a swipe at the whole bank culture … The post Should retail banks be retailers?

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US Retailers Added 249,000 Jobs In August


4) jobs report brought good news to the nation’s retail sector as it added nearly one quarter of a million jobs in August. It’s encouraging to see retailers bring back these jobs,” Sonia Lapinsky, a managing director at AlixPartners, the Michigan-based consulting firm, told the newspaper.

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Retailers Are Spooked By Halloween


Caught between the focus on Labor Day and the holiday season, yet another retail event looks like it’s being scorched by the pandemic. Halloween sales are expected to be significantly impacted by social distancing concerns, and some retailers are already warning about the consequences. “We

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Retailers Look To Redefine Holidays For Q4


While the retail industry waits for Amazon to officially announce Prime Day, some other events are starting to take their places on the calendar. On the more general side of the retail ledger, a proposed “Mirror Day” on Oct. What a difference a day makes – or doesn’t make.

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Self-service retail and the changing landscape on payments

Mobile Payments Today

Self-service technology allows retailers to meet customer expectations established by the pioneering tech efforts of brand's, like Starbucks. These installations take diverse forms, a CES panel demonstrated

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Bright Spots For Retailers And SMBs


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 SMBs Face Up To Q4 Marketing Opportunities


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. Retail media News SMBs social commerce

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Retailers Face Supply/Demand Shortfalls This Holiday Season


retailers during the holiday shopping season, the Financial Times (FT) reported. Retailers typically place orders for the holiday season, widely considered the prime time for shopping in the U.S., Retail Consumer Spending economy holidays News What's Hot

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Wachter helps retailers integrate customer engagement technology

Mobile Payments Today

Matt Tyler, director of IoT, Wachter, discusses how the network technology integrator identifies the turnkey solution that works to address the challenges retailers face in attracting new customers

Retail Ecommerce Ventures Calculates Its Next Moves


When speaking with Tai Lopez , the executive chairman of one of the more disruptive retail companies in the pandemic period, it could be expected that the conversation would center around one topic: retailing.

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Amazon And Walmart’s Battle For Consumer Retail Spend


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 retail) and the results are significant, considering Amazon’s revenue base.

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Digital payments and the retailer

Mobile Payments Today

Some retail outlets are experimenting with moving to digital payment-only operations. As non-cash payments become the norm, some retailers, particularly in hospitality, no longer accept cash. While there are downsides to managing cash, what are the pitfalls of refusing to deal with it

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Retail Sales: Rough Days Ahead At The Register?


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.

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What Holiday Retail Will Look Like In 2020


Retailers are trying to make themselves as ready as possible, given the highly unpredictable nature of the COVID-19 era’s commerce environment. “I Alford added that retailers also have to be “really careful about creating friction in the transaction process.

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Retail Group Fights Back Against Anti-Maskers


Now there’s the Retail Industry Leaders Association (RILA) asking for help with mandating mask guidance regulations to protect store personnel. Retail COVID-19 face masks News regulations retail industry leaders association

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Retail consumers and the reason they use and love Bitcoin

Mobile Payments Today

Bitcoin has been a part of the financial marketplace for some time and has grown in popularity, especially amongst millennials and the unbanked. Marc Gren, co-founder and president of DigitalMint shares his thoughts on this topic

Self-Service And Retail’s ‘Storevolution’


As we space six feet apart in pretty much every physical setting – walking in the park, waiting for groceries, nimbly avoiding one another in big-box retail aisles – it’s safe to say that we’ll get used to social distancing as the norm for quite a while.

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The Digital Shift In Retail And Pet Spend 


And in retail, pet spend has shifted online with the pandemic. Today In Data Commerce Contactless COVID-19 data digital commerce News payments Retail Today in Data

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NRF Lists Hot 100 Retailers


For retailers, it’s better to be hot in 2020 than top. The National Retail Federation (NRF) said on its blog this week that the Hot 100 Retailers, while vulnerable to mergers and acquisitions, as a group is more stable than the Top 100 Retailers ranking, as stores are impacted by the unpredictability of COVID-19. based trade group said the Hot 100 report provides a glimpse into the future of retailing as experts make predictions for a post-coronavirus world.

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Positive Developments In Disbursements And Retail Inventory


And in retail, several reports are indicating healthy inventory positions as a point of optimism in retail’s comeback process. Today In Data Commerce Digital Payments disbursements News payments Retail Today in Data

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Brooks Brothers Leads More Fashion Retail Troubles


The retail world was rocked by more bankruptcy news on Wednesday (July 8), as Brooks Brothers officially announced its long-rumored bankruptcy and women’s fashion icon Ann Taylor was reported to be preparing for a Chapter 11 filing.

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Online Retail’s Next Phase: From Adapt To Accelerate


Consumers aren’t going back to their old ways, he said, which means the only thing left for retailers to think about is how to build the omnicommerce experiences customers are beginning to adopt today and will expect in the future. “If

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Retailers are pushing mobile apps, but not always security

Payments Source

Even before the COVID-19 pandemic forced retailers and consumers alike to consider the benefits of shopping via a mobile app, providers of shopping and loyalty apps were seeking partnerships with security vendors to deploy fraud prevention technology.

Israeli Innovation Accelerator Focuses On Retail


Now a new Israeli tech accelerator is turning its efforts toward retail innovation and helping to start new technologies for payments and biometrics. Called the Retail Innovation Club , it was founded as a facilitator as well as an accelerator. “We

Lord & Taylor Joins Retail Bankruptcy Watch


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. Many mid-sized retailers do not qualify for programs the government has begun to roll out to save ailing companies,” says CNBC.

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Why China’s Consumer Rebound Might Not Boost Luxury Retail


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

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COVID-19 Spikes Hinder Retail Recovery


Back in late March when the pandemic first started to lock down retailing, PYMNTS published the first in a series of tracking reports showing clear evidence that the overwhelming factor in economic recovery would be one thing: COVID-19 and the ability to mitigate its effects.

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Small business mobile banking adoption higher than retail

Bank Innovation

Power study reports that mobile banking adoption for small business owners has surpassed adoption for retail banking customers. Carousel Corporate Banking Customer Experience Premium Retail Banking Capital One Huntington JD Power JPMorgan Chase td bankWhile U.S.

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Digital Approaches To Marketplace Payments And Retail


In retail, Walmart has officially joined Microsoft in a bid for TikTok, as it bets on youth as well as ad revenue. Today In Data acquisitions Commerce ecommerce News payments Retail Today in Data

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New Report: Helping Retail Treasurers Navigate The Digital D2C Shift


Consumers are unlikely to return to stores and business districts in the near future, nor can businesses simply rely on longstanding relationships with suppliers and retailers to keep production lines moving and shelves stocked.

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Retail Sales In China Improve For First Time Since January


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.

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Retail Rental Payments Make Comeback


Retailers are starting to pay the rent. The report is confirmation that reopened retail stores are generating revenue despite high unemployment and regional pandemic spikes. In addition to the retail subsectors, industrial, office, apartments and healthcare showed strong rent collections in June and July that hovered between 94 and 99 percent. The biggest gain came from free-standing retail, which increased 12.1

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Digital Innovations In Retail, ID Verification And Banking


And in retail, companies in the organic mattress space are running on a tri-brid business model that covers direct to consumer (D2C), third-party retail distribution and owned retail locations.

The Impact Of Digital Technology On QSRs, SMBs And Retail


And in retail, Amazon ’s sales of clothing and apparel have been on the uptick in the past few years. Today In Data Commerce Digital Payments mobile order ahead Mobile ordering News payments QSRs Retail SMBs Today in Data

Visa quarterly earnings rise on strong e-commerce, retail spending

Mobile Payments Today

Visa reported strong earnings during the fiscal first quarter, fueled by solid e-commerce and retail spending that offset weaker travel and restaurant spending

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