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Five At Five: Walmart’s New Latin American eCommerce Play

PYMNTS

Coverage includes a Walmart acquisition and the rise of local brands in China. Shoppers are showing a preference toward local brands. Chinese brands now take up 30 of the 50 slots when it comes relevant brands — a significant change from just two years ago, when only 18 local companies made the top 50.

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JCPenney Makes Debt Payment, But Still Risks Bankruptcy

PYMNTS

Sales at the department store chain have dropped yearly as of 2016, and its collection of approximately 850 retail locations is under a quarter of its store base in 2001. Brands have bypassed them by directly selling to consumers, who have left malls in which many are housed. The merchant’s roots go back to 1913.

Payments 221
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PayPal’s Xoom Makes Remittance Deal With Euronet’s Ria

PYMNTS

Xoom launched in 2001 and was purchased by PayPal in 2015 for $890 million in an all-cash deal. With the completion of the deal, PayPal said it and Synchrony have extended their co-branded consumer credit card program agreement, making Synchrony the exclusive issuer of PayPal’s consumer financing program online in the U.S.

US 178
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Ping Identity Plans To Raise $100M With Public Listing

PYMNTS

Founded in 2001, Ping is said to be looking at a valuation of $2-$3 billion. France and Germany and found 78 percent of respondents would stop engaging with a brand online — and more than one third, or 36 percent, would stop engaging altogether — if the brand had experienced a breach.

Colorado 158
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Mall Vacancy Rate Reaches 20-Year High Of 9.7 Pct.

PYMNTS

percent with the 2001 recession and hit 9.4 As traditional mall merchants go under, however, some online brands are expanding into brick-and-mortar locations. Reis pegged the mall vacancy rate at an all-time high of 9.7 percent, the most since recordkeeping started in 2000 when just 5.3 percent of shops were empty. 24 were up 3.4

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More Than 50K Amazon SMB Sellers Tally $500K+ In 2018 Sales

PYMNTS

Amazon Stores, a program that lets Amazon sellers curate pages for their brands and products, has helped more than 50,000 small and medium-sized businesses (SMBs) do more than $500,000 in sales across the globe in 2018, the company announced on Friday (Jan.

Retail 141
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How Gift Certificates Evolved From Paper To Wearables

PYMNTS

Starbucks gave prototype gift cards to its employee partners when they attended a leadership conference in 2001. 2001 and July 2002, Starbucks’ customers activated a whopping 4 million of its gift cards, which came with an interesting bonus feature: If customers loaded $100 or more on the cards, they would receive a tin case for the card.

Cards 147