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MAY 14, 2020

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.

National 142

National California Policies Online 142

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JANUARY 11, 2021

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.

Los Angeles 207

Los Angeles Retail San Diego San Francisco 207

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DECEMBER 20, 2020

Fidelity National Information Services ( FIS ) and Global Payments were in talks to merge in a $70 billion deal, but it didn't end up happening, according to The Wall Street Journal (WSJ). The deal was reportedly in "advanced talks," WSJ reported, and the companies were planning to announce a deal this week.

Report 261

Report Payments National Trends 261

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APRIL 13, 2020

Prepare for a big week of retail data, all of it unprecedented in light of the COVID-19 pandemic. Starting with the Commerce Department retail sales data on Wednesday, retailers will get a sense of how much consumers are spending and the retailers they are spending with. For retailers, there are no surprises from March.

Retail 216

Retail Data Capital New York 216

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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

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JANUARY 12, 2021

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.”.

Retail 226

Retail Florida San Francisco Sacramento 226

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JANUARY 27, 2020

Retail keeps embracing numerous new technologies, and biometrics is not only one of them, but an area of recent growth and development, including via some of the biggest names in commerce. Take Amazon, which continues to expand its brick-and-mortar retail footprint, and the technology underlying those stores. Larger Trends.

Retail 264

Retail New York Dallas Trends 264

Perficient

MARCH 10, 2021

” SNC (pronounced like the candy bar but without the “ers”) stands for the Shared National Credit Program, which, since 1977, has assessed risk in the largest and most complex credits shared by multiple regulated financial institutions. percent vs 22.3 percent) subject to negative review was substantially lower.

National 309

National Regulation FDIC Retail 309

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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 of households reported last month that they had made a minimum of one large purchase. L’Occitane’s U.S.

Retail 239

Retail US New Jersey New York 239

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FEBRUARY 11, 2020

retailers are concerned about a supply chain problem. While no direct evidence has been presented for a supply chain interruption from China, a new Wells Fargo report says concerns are rising among retailers. Reuters reported Sunday (Feb. Every retailer has what’s known as an ‘All Hazard Plan.’

Retail 188

Retail Apple Operations Report 188

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SEPTEMBER 8, 2020

Lululemon Athletica reported Tuesday (Sept. As trends around the world are shifting to working and sweating from home with an increased focus on health and wellness, we believe 2020 is likely an inflection point for retail and for Lululemon.". However, the retailer started opening its stores in those places again in Q2.

Report 168

Report Retail America National 168

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JANUARY 11, 2017

The National Retail Federation (NRF) is calling for more transparency when it comes to credit card fees, urging the Supreme Court to let merchants show customers the extra costs that come with paying with a credit card instead of cash. In a press release announcing the move on Tuesday (Jan. cash,” Duncan said. cash,” Duncan said.

National 100

National Retail Cards Industry 100

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DECEMBER 9, 2020

In today’s top news, cybersecurity firm FireEye announced that it had been hacked by a suspected nation-state, and PayPal’s iZettle added QR code payments to its POS app in the U.K. Cybersecurity Firm FireEye Hacked By Suspected Nation-State. NEW REPORT: The Banks’ How To Guide To Using AI To Manage Credit Risk. businesses.

National 204

National Payments Tools Resources 204

PYMNTS

AUGUST 7, 2020

For retailers, it’s better to be hot in 2020 than top. The National Retail Federation (NRF) said on its blog this week that the Hot 100 Retailers, while vulnerable to mergers and acquisitions, as a group is more stable than the Top 100 Retailers ranking, as stores are impacted by the unpredictability of COVID-19.

Retail 144

Retail Groups Washington National 144

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MARCH 12, 2020

Quick: Who’s the biggest retailer in the U.S.? In terms of sheer size and locations, the United States Postal Service (USPS) is the biggest retailer in the country, with 31,000 locations covering pretty much every town. Now, a new report is asking a good question: What if the post office expanded its retail offerings?

Retail 169

Retail US Survey Examples 169

PYMNTS

DECEMBER 27, 2020

Mastercard SpendingPulse , whose data reflects electronic, cash and check purchases, reported sales for goods other than gasoline and automobiles were up 2.4 Across our expanded 75-day holiday shopping season , sales were up 3.0%, a testament to the holiday season and strength of retailers and consumers alike.”. percent from Nov.

Retail 184

Retail US Data Analytics 184

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

JULY 29, 2020

billion and intends to combine the iconic retailer with the Belk department store chain, the New York Post reported, citing an unnamed source. The private equity firm, which is the owner of Belk, Staples, The Limited and Talbots, seems set to be victorious in the auction to purchase JCPenney, the newspaper reported.

Report 158

Report Retail New York Branding 158

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.

Retail 202

Retail Online Meeting National 202

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JULY 24, 2020

As retailers seek to prevent staffers and shoppers from arguing, the requirements of major merchants that shoppers wear masks in U.S. Walmart , along with Walgreens, Home Depot and others, indicates that the retailer will still allow non-mask-wearing customers to transact, CNN reported.

Retail 184

Retail Policies National System 184

PYMNTS

MAY 16, 2019

Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. The news comes amid yet another online retail cyberattack, this one targeting Japan’s Fast Retailing, the company that owns the Uniqlo retail chain.

Retail 218

Retail Online Cards Data 218

PYMNTS

AUGUST 6, 2020

Real estate trends for retailers are back in the news this week, as the pandemic-driven brick-and-mortar market starts to produce new business models and a fair amount of stability. The new business model involves leasing options for the retail sector. retail portfolio valued at $5.9 Example: One of the U.K.’s which owns 32.5

Retail 154

Retail Analytics New York Examples 154

PYMNTS

JUNE 10, 2020

As retailers reopen and take stock of new post-pandemic consumer dynamics, the role of industry trade groups is changing. Groups like the National Retail Federation (NRF) focused more on economic forecasts and supply chain issues as other advocacy groups that have taken the fight for more stimulus dollars to Washington, D.C.

Groups 141

Groups Retail Strategy National 141

PYMNTS

MAY 8, 2020

As they navigate the coronavirus pandemic and begin to reopen stores, large retailers are putting safety measures into place to keep shoppers and staff members safe — and get customers confidently back into stores. Trade groups are also providing guidance to help retailers open their doors again.

Retail 173

Retail National United States Groups 173

PYMNTS

MAY 22, 2020

If you want to know whether stimulus checks are working to rebuild the economy, just ask the world’s largest retailer. CNBC reported that Walmart was not alone in reaping the stimulus benefits. Lowe’s CEO Marvin Ellison said the do-it-yourself retailer saw indications that checks boosted sales of home improvement items.

Retail 210

Retail Apple Survey National 210

PYMNTS

MAY 27, 2020

Apple , which runs 510 retail locations throughout the globe, intends to open roughly 100 U.S. The technology company will have approximately 130 of 271 Apple Stores in the country open by this week’s conclusion, CNBC reported. term trends, and guidance from national and local health officials.”. stores this week.

Apple 142

Apple Retail US Nevada 142

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APRIL 24, 2020

Many large retail chains are wary of reopening even while some states move toward starting their economies again following closures due to COVID-19. are some of the large national chains noting they will not partake in the early phase of reopening in places like South Carolina and Georgia per The Wall Street Journal. and Macy’s Inc.

South Carolina 130

South Carolina Las Vegas Retail Georgia 130

PYMNTS

SEPTEMBER 15, 2020

To that end, in China, retail data showed consumers snapped a seven-month streak decline. Retail sales posted their first gain amid the pandemic. Data published by China’s National Bureau of Statistics showed consumer spending gained 50 basis points in August from the year ago period. percent of the total sales of retail goods.

Retail 171

Retail Lending United States Course 171

PYMNTS

APRIL 8, 2020

Following the suspension of store staffers by one of the largest textile merchants, worker furloughs in the retail sector are now well past 1 million. staffers at distribution centers and retail locations, Bloomberg reported. Many of the biggest retail employers in the United States, with the inclusion of Kohl’s Corp.

Retail 145

Retail Indianapolis United States National 145

PYMNTS

SEPTEMBER 4, 2020

Caught between the focus on Labor Day and the holiday season, yet another retail event looks like it’s being scorched by the pandemic. Halloween sales are expected to be significantly impacted by social distancing concerns, and some retailers are already warning about the consequences. “We Halloween spending in the U.S.

Retail 155

Retail Survey National Trends 155

PYMNTS

JULY 8, 2020

As it does during the first week of every month of the pandemic, attention turns to retail leases. This week found that one of the crisis’ most troubled retailers — Nordstrom — will only pay half of its rent for the balance of 2020. Retail Properties of America, Inc. Retail Properties of America, Inc.

Retail 150

Retail New York City Branding Groups 150

PYMNTS

JANUARY 23, 2020

23) passed a ban on cashless food and retail stores. Applebaum added that communities of color in New York City are more than twice as likely to lack access to a bank and are less likely to host a branch of a bank than the national average. The New York City Council on Thursday (Jan.

New York City 236

New York City New York Retail social media 236

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JANUARY 21, 2021

In a big setback for Amazon , the Securities and Exchange Board of India has reportedly approved Reliance Retail ’s $3.4 billion acquisition of Future Group ’s retail assets. percent stake in Future Retail. Now, the Indian securities board has approved the deal, The Economic Times of India reported Thursday (Jan.

Retail 130

Retail Regulation Groups Security 130

PYMNTS

APRIL 4, 2019

Out of the haze of uncertainty emerged a new mobile network, and from the new mobile network came new retail applications and experiences, all taking advantage of the faster speed of the technology, and the potential to reduce friction. A new report also says the U.S. 5G Retail Deal. A new report also says the U.S.

Retail 177

Retail Mobile Course Technology 177

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MARCH 31, 2020

The retail closures related to the coronavirus have been a death knell for an already struggling retail industry, and many companies might not make it through, according to a report by the Financial Times. The crisis, he said, will probably lead to a “meaningful acceleration of the retail shakeout.”.

Retail 139

Retail Industry Study National 139

PYMNTS

SEPTEMBER 21, 2020

For retailers, the fourth quarter of 2020 is likely to see a media blitz that will make other years pale in comparison. Unspent budget from big box retailers will be let loose as early as Oct. There are many critical aspects to SMB retail media strategy but two stand out this year: when to advertise and where to advertise.

Retail 169

Retail social media Marketing Branding 169

PYMNTS

DECEMBER 28, 2020

In today’s top retail news, FedEx Corp. The service connects more than 100 brands and retailers to shoppers. Save A Lot Sells 51 Retail Locations To Fresh Encounter. Save A Lot, the discount grocery retailer, revealed the sale of 51 stores operated by the firm in the Tampa, Florida market to Fresh Encounter.

Tampa 188

Tampa Retail Florida Branding 188