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Japan’s Startup Index Soars To Highest Point Since 2006

PYMNTS

The Tokyo Stock Exchange Mothers Index , which tracks Japan’s startups, has climbed back up this year to finally match an earlier high set in 2006. The NASDAQ-style Mothers Index has soared along with an influx of retail investors, Bloomberg said.

Regional 141
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Former Saks CEO Sadove Says Physical Retail Will Transform To Survive

PYMNTS

Mastercard’s Steve Sadove — who served as chairman and CEO of Saks from 2006 to 2013 — told Karen Webster in a recent discussion that consumers are likely doing the right thing by skipping the packed-in doorbusters line-ups. At the end of the day, I feel really good about the opportunities for retail,” Sadove said. “I

Retail 237
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Turkey to be cashless by 2023

Chris Skinner

One of the first to be contactless and, more recently, one of the first to offer social retail banking. If nothing else, I love Turkey for their cheesy adverts: In this latest update BKM, the ACH for most of the retail banks, provides the story of Troy, the first and only national payments scheme of Turkey.

National 300
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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.

Retail 133
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How Toys R Us’ Demise Could Benefit Amazon And Other Retailers

PYMNTS

One retailer’s loss could be another retailer’s gain: Even though Toys R Us is facing bankruptcy, other retailers may benefit from the embattled toy retailer’s demise. Amazon could take over some of Toys R Us’ stores, which may be soon vacant as the retailer winds down its operations. Retail Group.

US 139
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Cloud Software Co. Mirakl Raises $300M

PYMNTS

Mirakl provides online marketplace software to manufacturers, wholesalers and retailers, including Kroger Co., Last spring, Nussenbaum told PYMNTS that the company was bringing back-end marketplace services, including merchandising and fulfillment tasks, to retailers and brands in a variety of retail niches.

Software 220
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Teen Spending Plummets To A 20-Year Low

PYMNTS

Annual spending by teens peaked in 2006 at $3,023, the survey said. Spending on purses and bags peaked in the spring of 2006, as teens said they spent $197 annually on the category, the survey said. The nationwide survey of 9,800 consumers conducted between Aug. 19 and Sept. That’s a 9 percent year-over-year decline.

Survey 255