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Holiday Retail Sales To Hit Highest Since 2005

PYMNTS

Procrastinators and internet shoppers saved the day this holiday season, transforming what was a slow start into the best holiday season for retailers in years. Meanwhile, Mastercard found in its SpendingPulse survey that retail sales, which exclude cars and gas, increased 4 percent. percent, up from 4.1 percent, noted the report.

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How (And Why) Major Retailers Are Embracing Print Catalogs Again

PYMNTS

The holiday season is the time for nostalgia and tradition, and that is the case here at PYMNTS, where even amid our coverage of the newest retail trends, we sometimes get the warm-and-fuzzies. It led us to wonder, going into the heart of the fourth quarter and then into 2020, about the status of that old standby, the retail catalog.

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

PYMNTS

Although earlier reports of a retail apocalypse were overstated at first, the latest statistics seem to indicate “that the scales may have tipped,” said Barbara Denham, senior economist at Reis. percent with the 2001 recession and hit 9.4 Overall retail sales from Nov. Gap and Victoria’s Secret also announced closure plans.

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For eCommerce Content, It’s Experiences Over Speed

PYMNTS

Online luxury marketplace 1stdibs stands as an example of that kind of content, along with providing — as do some other companies — a demonstration of the appeal of both digital and physical forms of content to tie consumers to a brand or ecosystem. But catalogs can work, as 1stdibs and other retailers have learned.

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Retail Pulse: Williams Sonoma Opens, Closes Doors

PYMNTS

More retailers are adopting the view that closing stores isn’t a failure or a loss, but simply a pathway to greater success. Seeking Alpha dove into the details, noting first and foremost that revenue per share has risen steadily between 2001 ($18.23) and 2017 ($63.21), with the exception of two years during the Great Recession.

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Tracking The Trends That Shaped 2020’s The Digital-First Economy

PYMNTS

Presented by Afterpay and featuring an interview with Daniel Demsky , co-founder of travel clothing retailer Unbound Merino , this report detailed the way installment payment plans’ popularity have surged during the pandemic, and research correctly suggested it would become only more popular during the holiday season. Buy Now, Pay Later.

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Can Sports And Entertainment Really Spark Mall Revivals?

PYMNTS

Long live physical retail. In particular, all retail anchor stores have been spoken for — which is critical for malls because those locations, typically department stores, are key in driving foot traffic.”. Granted, retail does not get all the credit for this. percent with the 2001 recession and hit 9.4 Online Brands.