article thumbnail

Retail 2021: The Five Things Retailers Should Be Talking About At NRF This Week

PYMNTS

Every year for the last 110 years , members of the retail trade group, known as the National Retail Federation (NRF), have assembled to discuss the slate of issues pertinent to its members. COVID-19, of course, didn’t cause physical retail’s steep decline — it just accelerated it. Retail is now about logistics and the last mile.

Retail 309
article thumbnail

Private Label Retail Credit Card Delinquencies At Highest Rate Since 2011

PYMNTS

The severe delinquency rate on private label retail credit cards jumped 57 basis points from March of last year and stands at 4.65 Currently, they are at their highest level since the early part of 2011. percent, according to Equifax ’s latest National Consumer Credit Trends Report. billion are up 0.8 billion are up 0.8

Retail 101
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Malls Close Vacancy Gap With 1700+ Online Retailers

PYMNTS

Malls are going to become more exciting as some of the old retail guard clears out, and the new guard moves in.”. He said when the company launched in 2011, the “buzz” pointed to a shopping future without physical stores. Coresight Research said in May that nearly 6,000 stores left physical locations since the beginning of the year.

Online 167
article thumbnail

Retail Expansions In Social Commerce And D2C Business Models

PYMNTS

Data: 2011: The year Newegg launched a marketplace model where other sellers accessed its eCommerce platform. And Newegg is mastering the art of the pivot , having piloted a unique business model with a platform that directly connects suppliers and consumers. All this, Today in Data. 186B: Amount of social commerce sales in China in 2019.

Retail 172
article thumbnail

Goldman Sachs Forecasts Acceleration In eCommerce Sales

PYMNTS

Goldman Sachs also noted that eCommerce penetration rose to more than 40 percent in May from 16 percent of retail spending domestically in the first quarter of 2019. Goldman Sachs also noted that eCommerce penetration rose to more than 40 percent in May from 16 percent of retail spending domestically in the first quarter of 2019.

article thumbnail

The Compliance Beast Of Food Retail Supply Chains

PYMNTS

This is true for any industry, but perhaps even more so in the food retail space, where regulations can be as much about public health and safety as they are about money laundering and fraud. food retail market with the adoption of the Food Safety Modernization Act (FSMA), introduced by legislators in 2009 and signed into law in 2011.

article thumbnail

Retail Sales Plunge In Hong Kong

PYMNTS

With visitor arrivals to Hong Kong dramatically falling, the financial center’s retail sales registered a double-digit drop in November. Retail sales by value retreated 23.6 The retail outlook in the short term will still depend on how those social incidents play out over time per the spokesperson.

Retail 131