article thumbnail

Why The Louisiana Purchase Was The Greatest Fourth Of July Sale Ever

PYMNTS

According to the National Retail Federation (NRF), that would be food, mostly — Americans will spend about $6.7 Since we are already spending several billion dollars preparing for the Fourth of July, retailers nationwide want to make sure we don’t forget to throw a little spend their way. What A Louisiana Purchase Will Buy Today.

Louisiana 129
article thumbnail

Retail Foot Traffic Dips As COVID Cases Rise

PYMNTS

Up until then, retail levels were improving somewhat since the all-time low in April while the country was on lockdown. But customers have begun retreating from retail for the second time due to the increase in cases. The spikes in cases have been particularly noteworthy in Florida and Texas. The other 37, plus Washington D.C.,

Insiders

Sign Up for our Newsletter

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

article thumbnail

Simon Properties Earnings Show Positive Trends For Brick-And-Mortar Retail

PYMNTS

Despite COVID-19, we are encouraged by the increases we are seeing in shopper traffic, retailer sales and tenant rent collections across our portfolio,” CEO David Simon said in a statement. “We We have withstood fires in Northern California, hurricanes in Louisiana and elsewhere and civil unrest. We have withstood government shutdowns.

Trends 169
article thumbnail

‘Ship-ageddon 2020’ Just Keeps Getting Worse

PYMNTS

UPS imposed shipping restrictions on some large retailers such as Gap, Nike, L.L. This collaboration includes specific capacity allocations throughout the holiday season, and we continue to work closely with our large retail customers to ensure they are aware of how much capacity is available to them.”. Hot Topic Inc., Newegg Inc.

article thumbnail

Study: Higher Spending On Dining Out Could Forecast A Rise In The Virus

PYMNTS

Arizona, Louisiana and West Virginia displayed the least relative drops in spending at eateries on the part of cardholders in comparison to the year-prior time frame. Greg Abbott , the governor, said current rules for retail and restaurant capacity could stay, but no further actions would occur so long as cases were on the rise.

Study 223
article thumbnail

What Hurricanes Can Mean For Retailers

PYMNTS

After Hurricane Katrina hit Louisiana in 2005, residents in the area continued to deal with damage from the storm a decade later. While it’s impossible to predict the effects the hurricane will have on retail, a review of the damage from previous storms can shed some light on how hurricanes have historically affected retail businesses.

Retail 103
article thumbnail

Will Vroom’s Plan To Bring AI To Auto Sales Mark The Death Of Dealerships?

PYMNTS

As car buyers and sellers across the country increasingly turn to eCommerce solutions, CarStory will strengthen and extend the reach of our digital retailing platform, and together we will accelerate the transformation of the massive used auto industry,” Vroom CEO Paul Hennessy said in announcing the $120 million cash-and-stock deal.

Louisiana 242