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Retailers Expect 26 Pct. Spike On National Returns Day

PYMNTS

As online shopping powers a forecasted 26 percent year-over-year volume surge on National Returns Day, the United Parcel Service (UPS) foresees shipping 1.9 He estimated that yearly worldwide losses from retail returns are almost $1 trillion – higher than 2015’s $600 billion. million gifts and other products back to U.S.

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Retail Rents Falling From Manhattan To Los Angeles

PYMNTS

retail rents falling in many locales by percentages even greater than those seen in or after the 2007-08 Great Recession. These decreases are historic,” the Real Estate Board of New York wrote in a new report showing that average Manhattan retail asking rents fell in all of the island’s 17 retail corridors during autumn.

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‘Organized Retail Crime’ Is Growing (And Not Just Because Of The Pandemic)

PYMNTS

Organized crime rings are taking advantage of the pandemic, looser police enforcement and a softening in anti-shoplifting laws to swipe tons of merchandise from retail stores and warehouses across the United States. KPIX-TV reported that the shop proudly advertised on Facebook Marketplace that customers “never pay retail.”.

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The Vicious Circle Of Physical Retail Meets The Virtuous Circle of Digital

PYMNTS

If your business touches retail in any way, it might pay to follow a few important breadcrumbs. Last week, Constellation Brands purchased Empathy Wines , a direct-to-consumer (DTC) eCommerce business that sells wines from California vineyards. It reportedly purchased this digital upstart — one with a reported (and very small) $3.9

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Amazon Pushes For National Price Gouging Law

PYMNTS

Amazon urged Congress on Wednesday (May 13) to enact legislation to prohibit price gouging during times of national emergency, Reuters reported. Brian Huseman, a vice president of public policy at Amazon, said in a blog post that each of the nation’s states have different rules when it comes to price gouging.

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Allbirds Focuses On Store Growth, Global Expansion

PYMNTS

Wool footwear brand Allbirds is wagering on physical retail stores despite the coronavirus. In October, the firm will open its 22 nd retail location in its home state of California. One rationale for the company making its own retail location network was to steer clear of the pressures from merchants and wholesalers.

Retail 256
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Industry Slant // Bo Berg Talks Giant Schnauzers, DJing, Financial Services

Perficient

I eventually got headhunted to work for City National Bank in Los Angeles. MM: So, you started at City National Bank, and was the bank online before you got there? MM: You played a variety of roles at City National Bank. I touch a variety of sub-industries, including retail banking, commercial banking, and payments.

Industry 539