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PYMNTS’ 2016 Roundup: Retail Edition

PYMNTS

This year has been big for retail — big on change, innovation and some surprises along the way. Consumers flocked to online and mobile commerce , robots rose in food and consumer goods , and brick-and-mortar stayed relevant with retail experimentation — pop – ups , flash sales , store-in-store and showrooms.

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Digitally-Native Retailers Are Turning To Brick-And-Mortar Stores

PYMNTS

Just because a retailer was created for the internet doesn’t mean it has to stay on the internet. Digitally-native retailers, such as thredUP , are turning to brick-and-mortar stores to reach consumers, too. thredUP, though, works a little differently from traditional retailers. by the end of 2018, CNBC reported.

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Which loan types are fueling bank growth?

Abrigo

Community banks (under $10 billion in assets) and regional banks (between $10 and $50 billion) represent 21 percent and nine percent, respectively. Regarding loan type, retail loans (residential mortgages, HELOCs, consumer loans) represent 44 percent of the total loan portfolio. trillion – the same level as 2010.

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India’s Retail Market Set To Reach $38B In 2016

PYMNTS

The retail sector in the region grew by 209 percent from $4.4 billion in 2010 to $13.6 Others, including the Confederation of Indian Industry and reporting firm Deloitte, predict the online retail sector in India will reach $1 trillion by 2020. billion in 2014, more than tripling in fewer than five years.

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How Millennials Are Propelling Halloween To New Retail Heights

PYMNTS

Retailers are set to clean up this Halloween, as 2017 is looking to be a record-setter for consumer spending during the holiday. Halloween is no longer just for the kids and those with kids,” wrote Allison Zeller, director of research for the National Retail Federation (NRF). In fact, holiday spending is expected to hit $9.1

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eBay Seeks Buyer For Korean Division

PYMNTS

A newspaper in the region, The Korea Economic Daily, reported that eBay wants to sell 100 percent of its stake in the company, called eBay Korea. There are a few large retail companies that could potentially buy eBay Korea, like Lotte Shopping, Shinsegae or Hyundai Department Store Group.

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Walmart Sees 2.7 Pct Bump In Sales In Mexico

PYMNTS

The company, sometimes known as Walmex, is Mexico’s biggest retailer and said its total sales had jumped 4.2 Gabriela Buenrostro Ortega, a spokesperson for the company in that region, said the expansions would allow Walmart to keep offering the best possible prices for Mexican families and to continue working for the welfare of the people.

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