PYMNTS

AUGUST 31, 2020

There’s a storm brewing in the Indian retail scene, with Amazon at its center. Over the weekend, Reliance Industries – the company owned by India’s richest man, Mukesh Ambani – purchased Future Group ’s 2,000 retail stores and the Big Bazaar grocery chain. Whole Foods has 497 stores. billion consumers. “At

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PYMNTS

SEPTEMBER 4, 2020

But in other ways, it was business as usual, as the two biggest retailers in the world – Walmart and Amazon – posted stellar earnings numbers and competed in more muted ways for the U.S. via Amazon have increased from $86 billion in 2014 to $339 billion in 2019. Now compare that to Q2 2019, and the 6.4 billion in Q2 2019.

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PYMNTS

JUNE 24, 2020

While web users have harnessed eCommerce in numbers that haven’t been seen before amid the COVID-19 heath crisis, eMarketer forecasts the worldwide retail online shopping sales will slow down to a 16.5 percent in 2019. The firm forecasts an overall $3.914 trillion in online shopping sales in 2020 per an announcement.

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PYMNTS

SEPTEMBER 17, 2020

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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PYMNTS

OCTOBER 14, 2020

In retail, the need to simplify, integrate and bring gift card and loyalty programs online to maximize their impact has never been greater, while consumer engagement has the power to remove retail friction. 18.7%: Portion of consumers who will spend more this holiday season than they did in 2019.

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Retail Technology Trends United States 227

PYMNTS

MARCH 4, 2020

Clothing company J.Crew said an unknown hacker accessed some of its customers’ online accounts almost a year ago, according to reports. Although the attack occurred in 2019, the company only now revealed that an unknown number of customers had been affected by the attack.

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PYMNTS

OCTOBER 1, 2020

online grocery retailer Ocado is involved in a patent lawsuit over robotically-operated warehouse technology with robotics company AutoStore , Reuters reported. Automation is increasing in the retail world, with Kroger joining forces with Ocado last year in a deal to make 20 automated warehouse facilities.

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PYMNTS

JANUARY 21, 2021

Plenty of famous retail chains have collapsed both before and during a pandemic that has slammed brick-and-mortar stores, but some iconic names like Pier 1 , Barneys New York and others are coming back – at least in some fashion. million in 2019, then cut a deal to bring the name back at Saks. A slimmed-down version of the U.S.

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PYMNTS

JUNE 17, 2020

The dramatic consumer shift to Digital 3.0 — predicted months ago by the PYMNTS COVID-19 tracker work — is accounting for almost half of the retail growth in the US. It found that eCommerce growth as of May 1 was up 68 percent, surpassing 40 percent of total retail sales. Overall Chinese retail sales of consumer goods dropped 2.8

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PYMNTS

APRIL 17, 2020

COVID-19 has driven consumers indoors — and online. percent more likely to make their purchases online in 2020 than they were in 2019, underscoring the increased reliance on digital commerce now that retail stores are closed until the pandemic recedes. Consumers are 30.6 percent to 72.1 percent during the last year.

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PYMNTS

JANUARY 15, 2021

The holiday shopping season is the most wonderful time of the year for the retail industry. Brick-and-mortar merchants and online retailers alike often rely on end-of-year sales to generate up to 40 percent of their annual revenues and start the new year on a positive note. A notable $730 billion in U.S.

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PYMNTS

NOVEMBER 25, 2020

According to an exclusive consumer survey, 27 percent of shoppers expect to spend less money than they did in 2019. And when they do spend, consumers will do so online – some of them exclusively. percent said they would do all of their shopping online. And when consumers do go online, gift cards are winning the season.

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Online Cards Retail Data 176

PYMNTS

DECEMBER 24, 2019

21, the last Saturday shopping day before Christmas 2019, has been confirmed as the single biggest retail sales day in U.S. According to retail research firm Customer Growth Partners, consumers on Super Saturday spent a total of $34.4 billion and that exceeded 2019 Black Friday sales by 10 percent. 14, with $28.1

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Retail social media United States Millennials 186

PYMNTS

DECEMBER 16, 2020

Digital sports entertainment and gaming industry platform DraftKings — known for its top-rated daily fantasy sports and mobile sports betting apps — today announced an agreement with InComm Payments , a global leading payments technology company, to launch an industry-first retail gift card. . DraftKings reported on Friday (Nov.

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Retail Cards Payments New York 230

PYMNTS

JUNE 23, 2020

The COVID-19 pandemic has been a “great accelerator” in driving Kohl’s to embrace eCommerce and make other changes in its operations faster than planned, the retail giant’s Chief Executive Michelle Gass said on Monday (June 22).

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Retail Online Report US 179

PYMNTS

NOVEMBER 25, 2020

billion online in November as holiday shopping gets underway – a 32.6 percent year on year since just Sunday alone, and Adobe is reiterating its forecast for record online sales for Thanksgiving Day, Black Friday and Cyber Monday. billion in Black Friday online sales (39.2 billion in Black Friday online sales (39.2

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Online Retail Video Analytics 217

PYMNTS

SEPTEMBER 4, 2020

Retailers are trying to make themselves as ready as possible, given the highly unpredictable nature of the COVID-19 era’s commerce environment. “I Alford said cart abandonment was already a huge problem among online holiday shoppers last year before COVID-19 struck. So, I think that is part of the driver for high cart abandonment.”.

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Retail Tools Online Examples 243

PYMNTS

JULY 30, 2020

billion for Q2 2019. billion in second-quarter 2019. Online grocery sales tripled. On the earnings call, Chief Financial Officer Brian Olsavsky pointed out that Q2 2020’s numbers topped Q4 2019 and that Q3 would be even bigger. “As As a reminder, Q4 is typically our largest volume quarter for the retail business.

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Online Capital Operations Video 238

PYMNTS

JANUARY 26, 2021

In today’s top retail news, the U.S. The retailer said the move is part of a plan to execute a “store footprint optimization plan, including the contemplated exit of unprofitable locations.” percent seen in December 2019. From Community Hubs To In-Store Theater, Retailers Double Down In Digital At NRF. L’Occitane’s U.S.

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PYMNTS

DECEMBER 2, 2020

United Parcel Service (UPS) is limiting shipping volume for big retailers like Nike and Gap as a means of keeping up with eCommerce delivery demands, according to a report in The Wall Street Journal on Wednesday (Dec. Retailers are now largely dependent on online sales and home delivery. in October.

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PYMNTS

SEPTEMBER 17, 2020

Four consecutive months into positive consumer spending trends, one wonders if there might be — indeed must be — a lull, a pullback that might indicate a tougher road ahead for retailers headed into the all-important holiday spending season. Census Bureau reported that retail sales in August were up 60 basis points over July.

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Retail Data National Trends 240

Perficient

JANUARY 12, 2021

Consumers are looking for online buying processes that are easy and can provide opportunities to search, learn, and purchase products without and roadblocks, especially during COVID-19. Forrester noted that 53% of the US retail industry planned investment in AR in 2020 because they know it assists consumers in making purchase decisions.

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Customer Experience Branding Video Online 538

PYMNTS

NOVEMBER 24, 2020

It became the first brick-and-mortar retailer to earn the majority of its revenue from eCommerce as 54 percent of its third-quarter take came from digital channels. “We Fleeting because the company moved its anniversary sale from Q2 to Q3 this year and most of that business was online.

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PYMNTS

AUGUST 14, 2020

retail and food services sales for July of $536 billion, marking a rise of 1.2 Retail trade sales were higher by 0.8 percent) higher than 2019. percent) from 2019. The Census Bureau said August’s advance monthly retail report is set to be unveiled on Sept. in Q1 2019. percent (± 0.5 percent) from June and 2.7

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PYMNTS

MAY 19, 2020

The results reversed a trend from last quarter, where the chain was one of many physical retailers facing a tepid holiday season that missed analyst expectations for sales, comparable-sales growth and earnings across the board. But things have reversed dramatically for the retailer amid the COVID-19 pandemic. percent to $134.6

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Retail Los Angeles Survey Online 221

PYMNTS

NOVEMBER 17, 2020

InTime is one of the biggest retail chains in China, with department stores as well as eCommerce sites. Chen said people are not running back to brick-and-mortar stores in big numbers, but that they are still shopping and spending, with sales rebounding from 2019. In the current climate, about 20 percent of sales are online. .

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Retail Conference Online Trends 181

PYMNTS

JANUARY 1, 2019

But relatively high stock prices and access to more capital remain prime temptations, and there is little doubt that 2019 will bring more than few exciting — and telling — IPOs. An IPO reportedly could happen in the second half of 2019. Securities and Exchange Commission that sets the stage for it to go public. The latest?

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Payments social media Analytics Capital 223

PYMNTS

DECEMBER 18, 2020

Digital trust-and-safety company Sift said that 2020 has been a “banner year” for online shopping sales, but that scammers have modified their approaches to take advantage of the boom, according to an announcement. Digital fraud is a longstanding issue for retailers and banks. The pandemic has only made these issues worse.

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Report Fraud Strategy Retail 333

PYMNTS

OCTOBER 15, 2020

In a roundup of today’s top retail stories: The automotive market continues its comeback with a digital spin, conversational commerce is the next big pandemic-fueled trend, and Tiffany said that its preliminary sales results for August and September 2020 are positive. Conversational Commerce Finds Its Voice in Digital Retail.

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Retail Marketing Trends Apple 206

PYMNTS

FEBRUARY 24, 2020

As 2020 unfolds, the retail business has been dramatically altered. But with consumer spending holding steady, it’s important for retailers to grasp the opportunity to create innovative ways to get, keep and grow customers. And retailers that deploy experiential tactics drive repeat purchases at rates nearly twice those who don’t.

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PYMNTS

JULY 24, 2020

Britain’s stores have become the envy of the retail world. Reuters reports retail sales returned to near pre-COVID-19 lockdown levels last month when so-called non-essential stores in England reopened. Combined clothing and footwear sales swelled by 70 percent as retailers put the recent slump in the rear view mirror.

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Retail Online Report Data 187

PYMNTS

JULY 22, 2020

The retail industry is facing its first sales event of the pandemic with the coming of back-to-school sales. The projections were led by the National Retail Federation (NRF) this week, as it foresees record sales for back to school. billion in 2019. Second, are retailers removing friction from the buying process?

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Retail Meeting Arizona Florida 186

PYMNTS

NOVEMBER 30, 2020

The divide between digital and brick-and-mortar commerce hit a tipping point this holiday season, with more consumers than ever going online to kick off their holiday shopping sprees. Three in four shoppers bought items online and three in 10 shoppers bought items exclusively online. Our research shows that 74.1 It is also 27.1

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Data Online Cards Google 321

PYMNTS

DECEMBER 17, 2020

Digital fraud is a long-running problem for merchants, retailers, banks and businesses of all types. Account takeovers and shipping fraud increased by 347 percent and 391 percent, respectively, between 2018 and 2019, and the pandemic has only exacerbated these issues. Walgreens On Stopping Promotion Abuse Fraud Through Online Deals.

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Fraud Online Retail Examples 255

PYMNTS

DECEMBER 28, 2020

It could be argued that for the retail industry to pull off a 3 percent uptick for holiday sales this year was an astonishing feat. Some predictions pre-holiday ranged as high as a 5 percent increase over 2019; some called for flat spending. percent of overall retail sales — up from approximately 13.4 percent in 2019.

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Data Retail Online Report 260

PYMNTS

JULY 6, 2020

If your business touches retail in any way, it might pay to follow a few important breadcrumbs. million in sales from selling 15,000 cases since its launch in 2019 — to build a strong digital presence. Worse yet, some analysts fear the triggering of break-lease clauses for retailers in malls if anchor stores leave.

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Retail Meeting Branding Maine 259

PYMNTS

JULY 9, 2019

Retailers surely have more than enough to worry about these days. For one, the pace of innovation keeps speeding up – and that holds true for all types of retail niches, from apparel to grocery to others. The emerging 5G technology has tremendous retail potential.

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