PYMNTS

JULY 22, 2019

Retailers are feeling the heat from high rent costs. According to a report in The Wall Street Journal , while commercial retail rents are down, rent costs still remain higher than prerecession levels in many prime shopping areas, including Manhattan, Los Angeles and Dallas. The retailer fought the rent increase but lost.

Retail 109

Retail San Jose Los Angeles San Francisco 109

PYMNTS

JUNE 7, 2019

Single consumers are a force of nature as well when it comes to retail. Single people, often neglected by many retailers – at least based on complaints and stereotypes found online – seem to be getting fresh attention in this era of online and mobile shopping, and shopping clubs. Take Costco, for instance. Singles’ Day.

Retail 133

Retail Millennials Online Innovation 133

PYMNTS

MARCH 2, 2020

s most high-profile retailers is doing well in the U.S. and another one is ready to open, both of them seeking a new market as their home turf sees retail struggles. s fastest growing brick-and-mortar retailer, Wren Kitchens. And also in training our retail staff to offer the customer a fantastic service.”.

Retail 132

Retail Marketing US Connecticut 132

PYMNTS

DECEMBER 30, 2016

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.

Retail 123

Retail Online Customer Experience Trends 123

PYMNTS

MAY 25, 2018

While Visa and Mastercard are prepared to roll out one-click ordering, some large retailers aren’t convinced. At the heart of retailers’ concern is that the move could prohibit them from routing their debit card transactions to lower-cost networks. Large networks, however, say that the retailers’ concerns are unwarranted.

Retail 109

Retail Cards Regulation Meeting 109

PYMNTS

JANUARY 25, 2021

The former CFO of Zalando SE, one of Europe’s most successful eCommerce retailers, Kemper was instrumental in leading the company’s IPO in 2014 on the Frankfurt stock exchange. In his eight years at the startup, he helped grow market capitalization to 11 billion euros from 2010 to 2017.

Fintech 254

Fintech Operations Tools Capital 254

PYMNTS

DECEMBER 15, 2017

Retail isn’t all about taking people’s money. Yet luxury brands have been slower than most other retailers to embrace digital innovation – for storytelling or for anything else. To provide the customer service that is demanded by discerning customers today, she said, retailers absolutely must be on those platforms.

Retail 129

Retail Branding Mobile Tools 129

PYMNTS

NOVEMBER 28, 2016

Layoffs in the retail sector have soared high this year. The number of layoffs has already well surpassed April’s projection of 37,000 retail positions cut by year’s end. The retail sector lost over 43,600 jobs as of mid-August alone, a number already towering over the 30,273 retail jobs shed back in 2010 and previous estimates.

Retail 100

Retail Innovation Technology Trends 100

PYMNTS

APRIL 4, 2018

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.

Retail 103

Retail New York City San Francisco New York 103

PYMNTS

JANUARY 8, 2019

After 126 years in business as an iconic American retailer, Sears Holdings has reportedly turned down a bid by Chairman Eddie Lampert to help it stay open. The hedge fund will reportedly refer to the advisory fees incurred by Sears over its bankruptcy, which are said to make up a portion of the retailer’s administrative expenses.

Retail 177

Retail Report Online Payments 177

PYMNTS

APRIL 10, 2019

Sears — which hasn’t turned a profit since 2010 — was once the biggest department store chain in the country. After analyzing all of Sears’ remaining real estate, BMO has estimated that the retailer has about 480 locations open, with 80 expected to close. Yet, it has failed to keep pace with competitors in recent years.

Retail 178

Retail Capital Groups Report 178

PYMNTS

NOVEMBER 24, 2020

Stripe was founded in 2010 by Irish brothers John and Patrick Collison , who sold their first company when they were teenagers for $5 million, according to Bloomberg. General Catalyst, Founders Fund and Khosla Ventures also participated, Bloomberg wrote. Both are worth around $4 billion each, as per the Bloomberg Billionaire Index.

Fintech 294

Fintech Software Payments Capital 294

PYMNTS

JUNE 13, 2017

It has advantages for retailers, too. Data Enabler VoltDB helps retailers carry that load, with broad, deep, and most importantly, fast data reporting that enables them to adapt to fluctuating inventory needs on the fly. A recent trend in retail is the increased use of buy online and pickup in store (BOPIS).

Retail 111

Retail Data Online Management 111

Perficient

MARCH 10, 2021

The federal banking agencies noted that the increase in non-pass commitments was largely from borrowers in industries heavily affected by COVID-19, such as entertainment and recreation, oil and gas, real estate, retail, and transportation services. percent vs 22.3 percent) subject to negative review was substantially lower. Total Outstanding.

National 309

National Regulation FDIC Retail 309

Chris Skinner

MAY 8, 2017

Market Share of the UK Banks Source: Statista Change in UK Banks Market Share, 2005 to 2014 Source: The Competition and Markets Authority Investigation into Retail Banking Twenty years ago, we thought banks would be challenged by new entrants … but they weren’t. I would claim that losing 1/12 of your market share is fairly substantial.

Metro 184

Metro Marketing America Survey 184

PYMNTS

SEPTEMBER 30, 2019

These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. Retailers in high-tax states have largely not been able to build themselves up or expand online beyond their local markets to the same extent, Rogers said. .

Retail 109

Retail Taxes Virginia South Dakota 109

PYMNTS

NOVEMBER 18, 2020

Small Business Saturday initially debuted in 2010 in response to the Great Recession and has since evolved into a global event meant to highlight smaller merchants. The majority of those businesses included restaurants, with retail close behind.

social media 201

social media Study Survey Retail 201

PYMNTS

SEPTEMBER 12, 2016

The rise of eCommerce , the push toward omnichannel shopping platforms, the increasing relevancy of social media on shopping habits and the development of the Internet of Things to plumb every last morsel of data on customers and what they spend money on are all rapidly and drastically altering the face of retail. more than doubled from 3.3

Retail 100

Retail Millennials Study social media 100

PYMNTS

OCTOBER 31, 2017

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

Millennials 105

Millennials Retail Los Angeles Survey 105

PYMNTS

MAY 7, 2020

According to the release, Eckert helped to grow Walmart’s business by nearly three times what it was when he joined in 2010. In that position, he was responsible for accelerating Walmart’s omnichannel workings as a company. Before Walmart, Eckert worked at HSBC, where he handled venture development and payment products. Marine Corps.

Strategy 159

Strategy Innovation Retail Fintech 159

PYMNTS

JULY 4, 2017

According to the latest findings of the European Ecommerce Report 2017 , it is a good time to be selling online in Europe — especially since online retail growth has been “exponential” over the last several years. percent of 2016 global retail sales. percent of 2016 global retail sales. “We

Online 178

Online Maine Retail Report 178

Bank Innovation

DECEMBER 6, 2018

Digital media usage has nearly tripled since 2010, with the prevalence of smartphones responsible for more than 90% of this growth. The face of banking and financial education has changed how we market in the course of a few short years. Smartphones have become the device of choice for well over half of digital media […].

Millennials 170

Millennials Marketing Trends Mobile 170

Bank Innovation

FEBRUARY 6, 2019

In 2010, when Patrick Collison founded Stripe Inc. with his younger brother John, he thought the world was headed toward ever-increasing globalization, economic stability and international commerce. Now, based on the events of the last couple years, no one holds “so Panglossian a view,” said the 30-year-old chief executive officer.

Operations 170

Operations Google Capital Online 170

PYMNTS

JUNE 13, 2017

Before bareMinerals was a household name in cosmetics – its parent, Bare Escentuals , was a smallish bath and body retailer with an unusual product that had a small problem. Japan’s largest cosmetics company in 2010 , and Blodgett has moved on from the position of CEO.

Retail 100

Retail Branding Video Leadership 100

PYMNTS

OCTOBER 11, 2018

Increasingly, it seems retailers need not only ask what they can do for their consumers, as those consumers want to be doing it on their own. 38 percent: Share of online bill payments made through banking apps in 2010. 38 percent: Share of online bill payments made through banking apps in 2010.

Data 139

Data social media Online Retail 139

PYMNTS

OCTOBER 5, 2016

Going into a highly competitive 2016 holiday shopping season, the latest news is that the electronics retailer knowingly sold recalled products to consumers for five years from 2010 to 2015. 600 | The number of recalled items Best Buy distributed from 2010 to 2015, according to the U.S. Best Buy or the worst buy?

Data 128

Data Online Retail Report 128

PYMNTS

MARCH 30, 2020

customers can use to leverage funds stored in their crypto wallets for in-person retail payments. Merchants accepting debit payments before 2010 were stuck routing the transactions over whichever networks were associated with their customers’ cards. Trading platform CoinDeal recently announced a forthcoming debit card that U.S.

Cards 165

Cards Security cryptocurrency Payments 165

PYMNTS

JUNE 29, 2020

Infraud was created in 2010 by Svyatoslav Bondarenko, 34, of Ukraine, to promote and grow interest in the Infraud Organization as the premier destination for purchasing retail items with counterfeit or stolen credit card information online, the Justice Department alleged in the indictment.

Nevada 201

Nevada Cyber Security Study Security 201

PYMNTS

JULY 3, 2018

Retailers not only know how to hit the reset button, but — as Sharper Image has demonstrated — they also know how to keep hitting it. 100 billion : The amount invested in FinTech ventures since 2010. 54 percent : The share of FinTech investments that were based in the United States since 2010.

United States 109

United States America Fintech Survey 109

PYMNTS

SEPTEMBER 17, 2020

Founded in 2010 by Hsieh, LoanDepot calls itself the nation’s second largest nonbank lender and fifth largest retail mortgage lender and has funded more than $248 billion since inception. is the nation’s largest retail mortgage lender. Its nationwide workforce of more than 8,000 who assist more than 25,000 customers monthly.

San Francisco 160

San Francisco New York Lending California 160

PYMNTS

NOVEMBER 28, 2020

For years, the weekend after Thanksgiving has been a harmonic convergence of made-up shopping holidays, concentrating Black Friday and Cyber Monday into three days of riotous retailing. This year, it falls on Nov. And incidentally, about the cat gear: What were you thinking?

social media 198

social media National US Retail 198

PYMNTS

SEPTEMBER 28, 2020

Take, for example, Italy, where Amazon has been operating since 2010 with what The New York Times describes as rather “muted success” since selling its first children’s book in the nation nearly a decade ago. On one level, that sentiment is pretty unsurprising, as it lines up nicely with similar sentiments PYMNTS has observed among U.S.-based

Marketing 237

Marketing Survey Online New York 237

PYMNTS

JANUARY 8, 2021

Industry leader Blockbuster Video went from a peak of more than 9,000 stores in 2004 to filing for bankruptcy in 2010. But the internet and streaming services like Netflix have made the video rental business obsolete. Today, only a single Blockbuster remains in Bend, Ore.,

Video 266

Video US Operations Industry 266

PYMNTS

JANUARY 5, 2021

PYMNTS reported in September that retail bankruptcies were on track to hit 2010 levels, with retailers facing myriad problems, including government-mandated lockdowns, social distancing rules and a boost to eCommerce that could speed along bankruptcies.

Study 159

Study US Retail Capital 159

PYMNTS

NOVEMBER 8, 2016

The line was offered exclusively online until 2010 when J.Crew opened a bridal boutique on Madison Avenue in New York City. J.Crew spokeswoman Margo Fooshee told Bloomberg in an email that the retailer will change their focus to “what women like to wear to someone else’s wedding, versus what they would wear to their own.”.

New York 159

New York New York City Retail Online 159

PYMNTS

APRIL 28, 2017

percent of the population in 2010, and it’s now at 34 percent, which marks a faster growth rate than China and even the U.S. Seeking Alpha noted that by 2020 India’s online retail market will be valued at more than $60 billion. After all, as Seeking Alpha pointed out, internet usage was just 7.5

Study 155

Study Online Maine Marketing 155

PYMNTS

JUNE 19, 2017

There’s no doubt about it — in and out of the eCommerce retail arena, retail titan Amazon is a force to be reckoned with. Bloomberg’s Devin Leonard reported on the eCommerce giant’s growth as being $34 billion in 2010, which increased to $107 billion in 2016. While Amazon is predicted to sell 7.2

Data 107

Data Retail Survey Company 107