PYMNTS

AUGUST 4, 2020

The first half of 2020 was a tough time to run a small business on Main Street as stay-at-home orders closed down restaurants and retailers for much or all of the past five months. That requirement of rapid change left many Main Street merchants deeply shaken and worried about their futures. According to our survey, 71.7

Maine 181

Maine Study Survey Report 181

PYMNTS

AUGUST 12, 2020

To gauge the economic health and vitality of local economies, one need look no further than the financial stability of the small and medium-sized businesses that line the main streets and side streets of communities across the nation. One of the digital tools in which Main Street SMBs show great interest is real-time merchant fund settlement.

Maine 183

Maine Survey Study Tools 183

PYMNTS

NOVEMBER 5, 2020

From where things stand in Q4 2020 it’s not hard to imagine physical retail going extinct. Noting the ways COVID has permanently changed retailing, CNBC recently reported , “As more and more stores go dark at the mall, some major retail executives are looking to grow outside of it — a tactic they hadn’t touted so publicly before.

Retail 252

Retail Millennials Online Report 252

PYMNTS

APRIL 28, 2020

Reinventing retail in the wake of COVID-19 may mean reinventing retail formats. It’s also likely that retailers will see more men in-store than women, and they should consider adjusting inventory to target these shoppers.”. Inventory adjustments will only be part of the post-COVID retail order.

Retail 272

Retail Survey Maine Meeting 272

PYMNTS

DECEMBER 18, 2020

We have deep dives on disbursements, Main Street small- to mid-sized business (SMBs) and BarkBox reportedly combining with Northern Star Acquisitions Corp. Bridgetown Holdings, the special purpose acquisition company (SPAC) , is reportedly mulling a deal with Tokopedia , the Indonesian online shopping company. Billion Valuation.

Maine 168

Maine Bitcoin Study System 168

PYMNTS

OCTOBER 23, 2019

Silicon Valley’s post-purchase payments company Returnly has launched International Returns, a new solution that lets global shoppers return online merchandise from anywhere in the world, the company said in a press release Wednesday (Oct. and Canadian online retailers ahead of the holiday season,” he added.

Online 100

Online Retail Customer Experience Maine 100

PYMNTS

SEPTEMBER 11, 2020

We have deep dives on Main Street, disbursements and quick-response (QR) code payments. . NEW DATA: The State Of Main Street Businesses Six Months Into The Pandemic. The coronavirus pandemic has stretched Main Street to its financial limits. Six Months Into Pandemic, Taking The Pulse Of Main Street SMBs.

Maine 141

Maine Apple Payments Online 141

PYMNTS

SEPTEMBER 18, 2020

Online marketplaces are the digital storefronts helping small to mid-sized businesses survive — but adding real-time settlement into the mix can help them thrive. And 60 percent of surveyed firms selling across online marketplaces would take their business to one that offers real-time settlement.

Online 354

Online Survey Maine Study 354

PYMNTS

OCTOBER 26, 2016

PYMNTS reported recently that holiday online sales will be at an all-time high this year. The researchers surveyed 200 online U.S. retailers that brought in more than $25 million in sales over the past year. Many eRetailers (55 percent) are expecting to generate their lion’s share of sales via Amazon this season.

Retail 100

Retail Online Maine Survey 100

PYMNTS

MARCH 30, 2020

The boutique shops that lined Main Street USA, which got nearly all of their business face-to-face in their stores, expected that 2020 would be another great year. In other words, this sample reflects the composition of SMBs on those Main Streets and side streets of the communities that we all call home. In just 21 days. .

Maine 232

Maine Data Capital Study 232

PYMNTS

DECEMBER 31, 2020

For Main Street businesses, to say 2020 was challenging is an understatement. According to PYMNTS data, more than 60 percent of Main Street firms have at least three channels operating to drive sales: online, at physical stores and mobile. Will it be enough to save every SMB pummeled by the pandemic this year?

Maine 169

Maine Philadelphia Community Boston 169

PYMNTS

SEPTEMBER 7, 2020

The continued resumption may not be enough to stave off the top-line pressures and cash crunches that bedevil the Main Street SMBs that power a significant portion of the U.S. Census, there were notable gains in retail, where 249,000 jobs were added, and professional services, with 197,000 positions. The state of Main Street right now?

Maine 161

Maine Survey Data United States 161

PYMNTS

MAY 29, 2020

Businesses that didn’t have eCommerce channels could not sell their products, while eateries that lacked online ordering couldn’t serve diners. in Main Street On Lockdown: Business Recovery. Small and medium-sized companies faced the choice of finding digital ways to reach customers or run the risk of going out of business.

Maine 130

Maine Innovation United States Survey 130

PYMNTS

DECEMBER 19, 2019

As all aspects of individuals’ lives migrate online, from payments to dating, why shouldn’t the process of taking out an insurance policy do the same? “I thought, surely, this would all have gone digital, and that I could go online and buy a policy in five minutes or less,” he said. It’s a major expense.

Maine 131

Maine Policies Capital Online 131

PYMNTS

SEPTEMBER 1, 2020

online wholesale retailer sometimes called “Costco for millennials,” is seeking a buyer, Reuters reported. The main impetus for consumers is convenience. Boxed , the U.S. Boxed, based in New York, offers sales of fresh groceries, office supplies and more.

Online 205

Online New York Millennials Maine 205

PYMNTS

SEPTEMBER 17, 2020

While the retail industry waits for Amazon to officially announce Prime Day, some other events are starting to take their places on the calendar. This year, it will be extended to a full two-day sales event across all of its brands: Wayfair, AllModern, Joss & Main and Birch Lane. What a difference a day makes – or doesn’t make.

Retail 180

Retail Survey Branding Maine 180

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. percent of total consumer spending in Q2 (spanning all categories, including retail) and 9 percent of total retail spending. billion to $110.5

Retail 249

Retail Seattle Exercises Online 249

PYMNTS

APRIL 21, 2020

The retail bankruptcy watch intensified Tuesday (April 21) as the department store sector was hit by reports of yet another major player looking at that option. Lord & Taylor, now joining Neiman Marcus, is considering a bankruptcy filing as the COVID-19 lockdown continues to decimate non-essential retail. billion in sales.

Retail 220

Retail Dallas Washington National 220

PYMNTS

MAY 7, 2020

All eyes may be trained on Wall Street now, and Main Street too as the latest tranche of business lending gets underway. Larger full-service restaurants opened community markets to sell raw ingredients, produce and food staples through online stores,” he said. Card-present volumes were down by 60 percent year over year.

Maine 141

Maine Online Capital Retail 141

Perficient

FEBRUARY 9, 2021

Omnichannel fulfillment methods such as curbside, buy-online, pick-up in-store (BOPIS), and ship-from-store have become extremely familiar to retailers, especially due to the climate of the COVID-19 pandemic. By doing so, retailers can successfully tell if their specific strategy is proving to be effective.

Retail 506

Retail Customer Experience Strategy Maine 506

PYMNTS

MAY 1, 2020

Consumers living under stay-at-home orders are going online to manage their personal and professional lives. Consumers’ use of their computers to work remotely and shop for retail items in fact has increased 19 percent and 31.7 The COVID-19 pandemic has triggered a massive consumer migration to digital commerce. percent, respectively.

Maine 161

Maine Data United States Meeting 161

PYMNTS

DECEMBER 11, 2020

The pandemic is proving to be a tough loyalty test for retailers, as they are competing for customers’ attention in an environment where competition is still present in both online and in stores. Retailers must, therefore, assess what type of shopping experiences consumers are searching for, as well as how to provide swift payments.

Online 241

Online Payments Retail United States 241

PYMNTS

AUGUST 19, 2019

Retailers need to work harder to get more consumers to download mobile commerce apps, one of the main areas of focus for retail going into the 2020s. percent of respondents who shop mostly online and 44.5 percent of respondents who shop mostly online and 44.5 The main idea behind all that data and consumer desire?

Retail 165

Retail Mobile Innovation Maine 165

PYMNTS

APRIL 1, 2019

When it comes to online shopping, one of the greatest frustrations for consumers — and friction points for merchants — is having to manually enter credit or debit card information for each purchase. percent of consumers today have account information stored online with at least one or more companies or service providers.

Online 212

Online Cards Mobile Maine 212

Independent Banker

OCTOBER 31, 2022

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that.

Banking Trends 151

Banking Trends Retail Trends Community Bank 151

PYMNTS

MAY 12, 2020

Online grocery sales saw a 110 percent increase in activity in April, according to Adobe’s Digital Economy Index (DEI), numbers spurred by the coronavirus ‘s push toward people avoiding human contact. Online sales as a whole continue to dwarf physical retail, the DEI stated. That category isn’t an anomaly.

Online 132

Online Retail Maine Data 132

PYMNTS

MAY 19, 2020

That’s one of the main takeaways to come out of Walmart’s first-quarter earnings release Tuesday (May 19). 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.

Retail 221

Retail Los Angeles Survey Online 221

PYMNTS

MARCH 31, 2020

While the online car sales business has struggled like most non-essential retailers amid the coronavirus pandemic, there are signs of life, according to new research from automotive digital solutions provider Cars.com. Shoppers are handling price negotiations (48 percent) and financing (42 percent) online. automotive industry.

Online 141

Online Millennials Survey Tools 141

PYMNTS

JULY 25, 2017

Within the retail industry specifically, artificial intelligence (AI) is moving the ball for a lot of merchants looking to not only streamline their business operations but provide a more personalized experience for consumers. In 2016, online financial fraud hit 15.4 In a sense, machine learning is the autopilot for the digital arena.

Fraud 196

Fraud Online Retail Maine 196

PYMNTS

FEBRUARY 3, 2020

Consumers are firing brick-and-mortar retailers from the jobs they held years and decades before. To get their shopping jobs done, consumers are now hiring retailers that make it convenient to do business – anywhere, anytime, through any channel and on their terms. When Buy Online, Pick Up In-Store Goes Horribly Wrong.

Retail 172

Retail Online Study Meeting 172

PYMNTS

SEPTEMBER 19, 2019

Apparel used to be mostly a brick-and-mortar retail experience, but that has changed drastically over the last few years – and has been one of the main innovations when it comes to commerce related to the clothes we wear. But at this point, it is also mostly table stakes in the race to bring apparel retail online.

Retail 137

Retail Innovation San Francisco New York City 137

PYMNTS

JUNE 7, 2017

Another online home furnishings retailer is joining the HGTV family. Joss & Main just announced its partnership with HGTV ‘s Beachfront Bargain Hunt: Renovation series. Starting June 10, Joss & Main’s pieces will be on HGTV’s show for six weeks.

Maine 100

Maine Retail Online Management 100

PYMNTS

SEPTEMBER 4, 2020

It has now been six months since the coronavirus outbreak was declared a pandemic on March 11, and consumers are more likely than ever to shop and pay online, not only for retail goods, but for groceries and food orders from restaurants. adults now purchasing food, groceries and retail items online.

Online 248

Online Data Retail Survey 248

PYMNTS

JANUARY 14, 2019

It looks like we can finally have a serious conversation about the impending collapse of physical retail in the U.S. All it took was a 160-year old retailer and a $34 billion kick in the stomach to the retail sector to get everyone’s attention. retailer, Sears, which found itself standing at Chapter 7’s front door.

Retail 198

Retail Online Mobile Data 198

PYMNTS

MARCH 30, 2020

retail picture is bleak in this time of COVID-19. The Confederation of British Industry (CBI) said on Thursday (March 26) that its monthly survey of retailers showed the weakest outlook since April 2009. The CBI says retail sales volumes will fall sharply to April, with retailers more pessimistic than at any time since April 2009.

Retail 141

Retail Survey Online Branding 141

PYMNTS

OCTOBER 28, 2016

The 31st instantiation of the the annual poll of consumer desires indicated that retailers should be getting ready to batten down their eCommerce hatches, because a wave of customers will soon be upon them. Consumers are also planning to spend more of their budget online than ever. The parking lots will still be full for some reason.

Retail 100

Retail Online Survey Tools 100

PYMNTS

APRIL 11, 2019

As online food delivery services proliferate amid the battle for customer loyalty, and as grocery and related stores strive to gain more digital footholds, the online sale of alcohol is growing and becoming a bigger part of all those plans. Online food delivery is in the midst of what might one day be called a golden age.

Online 169

Online Retail Regulation Maine 169