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IKEA Goes Online In Second Indian Market

PYMNTS

Swedish furniture company IKEA now has a second online-only store in India, this one in Pune. IKEA India Market Manager Per Hörnell said in a statement, “Maharashtra is a very important market for IKEA, and we see a lot of potential in Pune.

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Online Grocery Tees Up A Post-Crisis Market

PYMNTS

It’s easy to play Monday morning quarterback for the growth of online grocery. When consumers need essential items but get scared by a high-touch environment, it’s only natural for online numbers to spike. The prevailing data and wisdom at this point is that, yes, online grocery has spiked due to COVID-19. 1 through March 15.

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Pet Spend Shifts Online With Pandemic

PYMNTS

billion in 2019 feeding and caring for their pets. Our online growth is actually representative of a larger shift toward omnichannel shopping where more and more customers are shopping in multiple channels like in-store, online, with services and our vet clinics. Americans spent $95.6 Promotions are rolling out as well.

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NY’s Cuomo Embraces Online Gambling; Shows Inroads Amid Pandemic

PYMNTS

Soon, you might be able to bet on it…literally, online and through mobile means. (OK, According to reports, Cuomo is set to unveil the proposal to legalize online gambling (he also seeks to legalize marijuana) in his state of the state address that is scheduled for next week. Bet on New York emerging a bit more flush from the pandemic.

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UK's Online Grocer Ocado Sued Over Patent Claims

PYMNTS

online grocery retailer Ocado is involved in a patent lawsuit over robotically-operated warehouse technology with robotics company AutoStore , Reuters reported. It has a stock market valuation of over 20 billion pounds (about $25.7 In July 2019, the companies were making the second of 20 of them in Florida.

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China’s P2P Lending Market Expected To Shrink In 2019

PYMNTS

The peer-to-peer (P2P) industry in China could see the number of players decline by as much as 70 percent in 2019, reported Bloomberg. The P2P lending market in China has been rife with scams and controversy for some time now. According to Yingcan Group, by the end of 2019, there will only be 300 P2P lenders remaining.

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Online Sales Tax’s ‘Pivotal,’ Post-Wayfair 2019 — And What Lies Ahead

PYMNTS

In an interview with PYMNTS, Liz Armbruester, senior vice president of Global Compliance at Avalara , said 2019 represented a watershed year for tax compliance as states embraced the economic nexus model and passed marketplace facilitator laws. We knew it was going to happen. We knew that economic nexus was going to happen. The New Normal.

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