Chris Skinner

DECEMBER 5, 2019

Things we’re reading today include … HSBC to bring in single overdraft rate of 40% Created to democratise credit, P2P lenders are going after big money Peer-to-peer platform Landbay shuts doors to retail investors US and UK bust one of the worst cyber banking hacks in a decade, charging Russians … The post Things worth reading: 6th (..)

Retail 222

Retail US 222

PYMNTS

JANUARY 18, 2021

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

Retail Online Maine Branding 309

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.

Retail 249

Retail Seattle Exercises Online 249

Bank Innovation

JANUARY 17, 2020

Welcome to the latest episode of our Weekly Wrap video series, for the week ending Friday, January 17, 2019.

Retail 243

Retail New York Video Conference 243

Payments Dive

APRIL 24, 2024

The fintech One now offers buy now, pay later financing at the store chain, presenting competition for Affirm, which has partnered with the retail giant since 2019.

Report 370

Report Retail Fintech 370

PYMNTS

SEPTEMBER 29, 2020

Brick-and-mortar retailers felt the pain at exaggerated levels due to the pandemic, according to the bi-annual BDO Bankruptcy Update. Among retailers not in bankruptcy, there were 4,228 store closures, including Inditex with 1,000 closures and Starbucks with 400, the report stated.

Retail 268

Retail Report Groups Industry 268

PYMNTS

JANUARY 8, 2021

Retail rents have plummeted to historic lows in New York City amid the COVID-19 pandemic, as bankruptcies and vacancies penetrated the area, CNBC reported on Friday (Jan. Further, the biannual report released by the Real Estate Board of New York (REBNY), found that retail rents in Manhattan declined across all 17 corridors it tracks. .

Retail 249

Retail New York City New York Report 249

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.

Retail 227

Retail Technology Trends United States 227

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

Retail 263

Retail Online Groups Industry 263

PYMNTS

AUGUST 3, 2020

And in retail, Amazon ’s earnings were off the charts by any metric, and they didn’t come from cost-cutting. 80.8%: Share of AP departments paying suppliers with paper checks in 2019. $5T: 80.8%: Share of AP departments paying suppliers with paper checks in 2019. $5T: All this, Today in Data.

Retail 235

Retail Payments Data Cards 235

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.

Retail 246

Retail Los Angeles New York Branding 246

Bank Innovation

FEBRUARY 13, 2020

billion digital interactions in 2019 between the bank’s customers and third–party apps.? Wells Fargo Gateway processed more than 1.5 The Gateway, established in 2016, allows customers to securely connect to third-party apps through aggregators like Plaid.

Security 243

Security Customer Experience Retail 243

Payments Dive

SEPTEMBER 26, 2023

The convenience retailer accused the card network company of breach of contract and unfair practices stemming from its 2019 malware attack.

Data 351

Data Retail Cards Company 351

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

Retail 231

Retail Online Course Report 231

PYMNTS

OCTOBER 8, 2020

Data: $509: Average amount that millennials spent on Black Friday in 2019. 20.2%: Share of shoppers who went to a physical store on Black Friday 2019. 67%: Share of shoppers still concerned about the health risk of returning to pre-pandemic shopping behaviors. 41%: Portion of banks focusing their investments on KYC automation.

Retail 233

Retail Millennials Data Technology 233

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.

Retail 240

Retail Data National Trends 240

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.

Retail 230

Retail Cards Payments New York 230

PYMNTS

APRIL 17, 2020

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 Yet consumers’ increasing dependence on connected devices to shop extends beyond remote shopping. percent to 72.1

Retail 214

Retail Data Study Online 214

PYMNTS

NOVEMBER 8, 2020

Future Retail is attempting to prevent partner Amazon from meddling further in its $3.4 percent stake in Reliance Retail. An announcement from ADIA touted Reliance Retail's footprint in serving almost 640 million customers via its 12,000 stores in the country. eCommerce giant in a New Delhi court, Reuters reported.

Retail 230

Retail Industry Groups Regional 230

PYMNTS

SEPTEMBER 21, 2020

retailers during the holiday shopping season, the Financial Times (FT) reported. The shortages come from an unexpected surge of customer demand, which took retailers by surprise after they had cut orders for new merchandise in the spring as countrywide lockdowns were starting and the job market was bottoming out. in the spring.

Retail 205

Retail Analysis Report Tools 205

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.

Retail 239

Retail US New Jersey New York 239

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 For example, the cart-abandonment rate was 82 percent on 2019’s Black Friday, the key shopping date that occurs the day after Thanksgiving.

Retail 243

Retail Tools Online Examples 243

PYMNTS

DECEMBER 10, 2020

When you look at what they’re spending year-to-date, they’ve spent more in 2020 than they did in 2019, and that is now across $2.7 Bank of America customers are spending more across all accounts than they did last year, but more stimulus is needed to support small businesses and people who are unemployed, according to CEO Brian Moynihan.

America 243

America Cards Report Retail 243

PYMNTS

SEPTEMBER 16, 2020

Retail sales increased in August to $537.5 Most of the retail categories saw improvements last month. Most of the retail categories saw improvements last month. billion for the same month in 2019. General merchandise retailers saw sales increase to $60.3 June saw total retail sales rise to $524.3

Retail 218

Retail US Survey Trends 218

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.

Retail 259

Retail Meeting Branding Maine 259

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.

Retail 202

Retail Online Meeting National 202

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 The company did not extend any end-of-the-year guidance outside of an expected 20 percent decrease for Q4 over 2019. “As

Retail 221

Retail US Online Taxes 221

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.

Retail 206

Retail Marketing Trends Apple 206

PYMNTS

DECEMBER 16, 2020

In today’s top retail news, Benetton Group is teaming once more with EDITED, while CarLotz Inc. Benetton Group Teams With Retail Intelligence Firm EDITED. European fashion firm Benetton Group is collaborating once more with EDITED, the retail market intelligence company, as a “necessary platform” for its future three-year plan.

Groups 192

Groups Retail Report Branding 192

PYMNTS

JULY 31, 2020

278%: Shipt’s revenue bounce in Q1 2020 compared to 2019. All this, Today in Data. 200K: Number of Shipt’s current shoppers – double what it had at the beginning of the pandemic. 60%: Share of PPP funding that must be used for payroll-related costs to qualify for loan forgiveness. 4.8M: Number of jobs U.S. employers added in June.

Retail 218

Retail Meeting Data Payments 218

PYMNTS

OCTOBER 30, 2020

29) that retail investors in mainland China made over $2.8 More than five million people made orders in Shanghai for stock – reportedly a new high for IPO subscriptions on STAR Market, which rolled out in 2019. Ant Group indicated on Thursday (Oct.

Groups 223

Groups Retail Report Fintech 223

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

Retail 221

Retail Los Angeles Survey Online 221

PYMNTS

NOVEMBER 16, 2020

A new report from TransUnion shows that average consumer-level credit card balances have declined during the course of the COVID-19 pandemic and now stand at $5,075 as of Q3 2020, down from $5,668 in Q3 2019. The recent declines in total credit card balances reverse a three-year trend between the third quarters of 2017-2019,” said TransUnion.

Cards 302

Cards Retail Survey Trends 302

PYMNTS

OCTOBER 13, 2020

Approximately twice as many consumers shopped for retail products from home in the summer of 2020 as they did in the summer of 2019, and three times as many grocery-shopped from home this summer over last summer, too,” the Report states, giving an idea of scope.

Millennials 298

Millennials Study Case Study Retail 298

PYMNTS

APRIL 10, 2020

Fruit Street – a virtual one-stop-shop specializing in digital diabetes diagnosis and treatment – has partnered with vegetarian meal kit purveyor Purple Carrot to add a retail angle to its health advisory service. The rapidly evolving telehealth category has a new business model.

Retail 242

Retail Guidelines User Experience Branding 242

Abrigo

JANUARY 24, 2025

Meanwhile, retail properties started to see some headwinds in the form of store closings announced in late 2024 by the likes of CVS and Walgreens. Among that group, CRE origination volumes by mid-2024 had fallen to levels 58% below pre-COVID averages in 2019. Senior housing and aging office buildings add to the pressure.

Lending 221

Lending Trends Risk Management Management 221

Bank Innovation

FEBRUARY 12, 2020

In-store branches are satellite bank branches located inside large retail spaces, such as supermarkets or chains like Walmart and Safeway. As of January, there were 3,989 in-store branches of FDIC-insured institutions housed within retail stores, a decrease of 2.3% since June 30, 2019, and 6.5%

FDIC 243

FDIC US Retail Digital Banking 243