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Shopify’s Grand Retail Experiment

PYMNTS

While the shift to the online space is often seen as the great game-changer in retail, Loren Padelford, vice president and general manager of Shopify Plus , said that the change is actually to something more fundamental. A lot of traditional merchants and retailers are struggling with that change.

Retail 130
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PayPal Sells Consumer Loans to Long-Time Partner Synchrony Financial

Bank Innovation

Synchrony Bank has been PayPal’s banking partner since 2004. Yesterday, the San Jose, Calif-based PayPal said it agreed to sell $5.8 billion in consumer credit receivables to Stamford, Conn-based Synchrony Bank, a unit of Synchrony Financial. In addition to selling its credit […].

San Jose 199
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NEW DATA: Why 66% Of Consumers Buy Their Clothes Online

PYMNTS

It isn’t an easy year to be an apparel retailer. Americans spend about half as much on apparel and accessories today than they did 30 years ago, and former retail giants in the space are struggling to keep up with digital competitors like Amazon. So what’s an apparel merchant to do in these tough times? Go omni, of course.

Online 109
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Hurricane Florence’s Retail Punch

PYMNTS

The effect is pronounced enough that since 2004 Walmart has been stocking extra Strawberry PopTarts in its stores when a weather emergency is forecast because their sales spike every time. billion in consumer and retail sales (including restaurants) were lost to Irma, while Hurricane Harvey cost businesses around $1 billion.

Retail 135
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J.Crew E-Store Leaves Bridal Business At The Altar

PYMNTS

Although it is credited with being one of the first companies to offer wedding and bridal party dresses online, J.Crew’s e-store is ending its love affair with the bridal business, which was among the first of its kind when it launched back in 2004. According to a report by the research company Edited, retailers charge an average of 3.9

New York 159
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Last Major US Video Rental Chain Is Closing All Brick-And-Mortar Stores

PYMNTS

Industry leader Blockbuster Video went from a peak of more than 9,000 stores in 2004 to filing for bankruptcy in 2010. and it seems to exist as much as a curiosity, tourist attraction and online source for T-shirts and other souvenirs as it does as a functioning store. Today, only a single Blockbuster remains in Bend, Ore.,

Video 266
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Data Enablers: Triad Tailors Ad Experience

PYMNTS

The experts at Triad Retail Media are there to make sure that happens. Triad customizes and manages digital media programs to transform busy websites like Walmart.com into publishing properties that benefit the advertising brands, host retailers, and shoppers who use them with a perfectly calibrated pitch.

Data 121