PYMNTS

JUNE 2, 2020

Another month of the pandemic and another first of the month when retail lease payments are due. As the crisis enters its fourth month, counting March, two new earnings reports indicate that about 60 percent of retailers are paying their rent — with a few very notable exceptions. It reported 52.4 Through May 15, only 51.35

Retail 130

Retail Report Payments Maryland 130

PYMNTS

SEPTEMBER 9, 2020

The virus itself is not the only factor in play, however, with the devastating economic downturn and record-high unemployment rates also sharply reducing consumers’ purchasing power and their willingness to make retail purchases. Digital commerce is one of the only truly safe revenue streams available to retailers right now.

Retail 169

Retail Report How To New Jersey 169

South State Correspondent

JANUARY 18, 2023

Retail Sales & PPI Reveal Softening Activity. The first of those is retail sales for December which declined by 1.1%. decrease vs. the previously reported 0.6% The so-called core retail sales rate, or Control Group, dipped 0.7% In addition, November was revised lower to a 1.0% – – – 4.81.

Retail 195

Retail Atlanta Trends Report 195

PYMNTS

DECEMBER 17, 2020

In today’s top retail news, StockX has landed $275 million in a Series E funding round, while Rite Aid Corporation reported as part of its fiscal 2021 third quarter results that revenues rose by 12 percent. Rite Aid Reports 12 Pct Rise In Revenues. Fashion Retailer rue21 Strikes Deal To Retire Debt. for $645 million.

Retail 226

Retail Report Company Pennsylvania 226

PYMNTS

AUGUST 24, 2020

Consumers are unlikely to return to stores and business districts in the near future, nor can businesses simply rely on longstanding relationships with suppliers and retailers to keep production lines moving and shelves stocked. To learn more about what these trends portend for established brands and companies, download the report.

Retail 216

Retail Report Case Study Study 216

Payments Dive

OCTOBER 27, 2022

Shoppers aim to stretch their budgets by trying installment payment plans and seeking discounts from retailers, according to a new report.

Report 243

Report Payments Retail 243

PYMNTS

OCTOBER 31, 2018

However, AR is now rewriting the rules of the retail game. A growing number of retailers are leveraging the technology to entice customers with a “try before you buy” shopping experience, having already been adopted by several big names in retail, including the likes of Walmart and Target.

Retail 173

Retail Report social media Samsung 173

PYMNTS

DECEMBER 16, 2020

In today’s top retail news, Benetton Group is teaming once more with EDITED, while CarLotz Inc. reported that revenues rose 12 percent for the third quarter of 2020. Benetton Group Teams With Retail Intelligence Firm EDITED. EDITED Retail Market Intelligence provides live data on more than 140,000 brands and retailers.

Groups 192

Groups Retail Report Branding 192

PYMNTS

OCTOBER 8, 2020

reported on Thursday (Oct. 8) global retail sales growth excluding foreign currency impact of 14.8 The executive said the company had many markets that continued to create formidable retail and same-store sales growth such as China, Japan and Germany, among others. “In Domino’s Pizza, Inc. percent , with U.S. million.

Retail 130

Retail Report Operations Marketing 130

PYMNTS

AUGUST 7, 2020

Companies that have filed for Chapter 11 bankruptcy are using the court protection to end long-term lease agreements early and close thousands of stores, reported Bloomberg. If this becomes a tsunami of retailers rejecting their leases, it’s going to trigger another part of the sea change — the mortgages held by the landlords.”.

Retail 354

Retail Groups Report Payments 354

Perficient

NOVEMBER 13, 2020

We are excited to be listed by Forrester in its recent report The Forrester New Wave : Computer Vision Consultancies, Q4 2020 – The 13 Computer Vision Providers That Matter Most and How They Stack Up. According to the report, “Perficient is proficient at AI strategy development and document automation.”. Your Computer Vision Provider.

Report 508

Report Strategy Video Technology 508

PYMNTS

JULY 15, 2020

The impact of COVID-19 on retailers is obvious as companies report plummeting sales, but the pandemic has also delivered a blow to the middlemen, which include makers of apparel and accessories, The Wall Street Journal reported. Typically, retailers have 30 days to pay for products provided on credit. Others, such as J.

Retail 167

Retail Report Branding Maine 167

PYMNTS

SEPTEMBER 19, 2018

Artificial intelligence (AI) and machine learning (ML) are blurring the divide between online and in-store shopping, and bringing an all-new human element into retail. To learn more about how businesses are leveraging AI and ML technology to optimize their customer experience, click here to download the report.

Retail 158

Retail Report Samsung Customer Experience 158

PYMNTS

JANUARY 20, 2021

In today’s top retail news, Birkenstock is said to be in discussions for a sale to CVC Capital Partners, while Cognira has released its AI Promotion Solution. Cognira Rolls Out AI Promotion Suite For Retailers. Cognira, the retail artificial intelligence technology firm, has launched its AI Promotion Solution.

Retail 239

Retail Google Capital Branding 239

PYMNTS

OCTOBER 9, 2020

trillion opportunity for eCommerce retailers. Fraudsters are just as excited by this opportunity as merchants, unfortunately, making it essential for these retailers to craft robust protections to keep the data and the payment information of their consumers safe. Around The Next-Gen Debit World.

Fraud 188

Fraud Retail Report Online 188

PYMNTS

DECEMBER 9, 2018

With retailers struggling to get compliant with the Payment Card Industry Data Security Standard , qualified security assessors are going to be in more demand and can offer tokenization as one way of achieving compliance. That’s according to TokenEx , which recently hosted a webinar to help retailers better understand tokenization.

Retail 194

Retail Report Compliance Security 194

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

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. And 11 areas saw an increase in available retail space on the market, from 6 percent up to 67 percent.

Retail 249

Retail New York City New York Report 249

Accenture

OCTOBER 4, 2021

Credit Product Penetration of Retail Sales Shopping experience refresh “We are excited to pilot a virtual store staffed by dedicated associates … but with no physical customers. The post Q2 2021 US retailer payments commentary appeared first on Accenture Banking Blog.

Retail 222

Retail US Payments Marketing 222

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

DECEMBER 24, 2020

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. The latest research shows 40 percent of surveyed shoppers report doing fewer activities in stores and more activities online — this is up from the 12 percent who reported doing so on March 6.

Retail 295

Retail Branding Minneapolis Trends 295

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. That will have the effect of speeding up bankruptcies going into the end of the year, the report stated. That means the year is on pace to rival the 2010 numbers during the Great Recession.

Retail 268

Retail Report Groups Industry 268

PYMNTS

JANUARY 13, 2021

In today’s top retail news, Walgreens is growing its financial services offering with the help of Mastercard and Synchrony, while Big Lots, Inc. Plus, Target reported that comparable digital sales increased by over 100 percent over the holidays. The discount retailer foresees that earnings per share (EPS) to be in the range of $2.40

Retail 165

Retail Branding Cards Report 165

PYMNTS

NOVEMBER 30, 2020

retail banking operations after four decades trying to build a strong presence in the country, the Financial Times (FT) reported. FT based its report on unnamed sources, stating the bank is weighing "a complete exit from retail banking in the U.S. The bank declined to comment, FT reported. The jury is still out?

Retail 233

Retail United States US Resources 233

PYMNTS

MARCH 13, 2020

After it was forced to shutter its retail locations in China because of the spread of COVID-19, Apple Inc. The closures were one of the main reasons the tech company cited for removing its March quarter sales outlook, Bloomberg reported. has reportedly put all of them back into operation.

Apple 265

Apple Operations Retail Maine 265

PYMNTS

NOVEMBER 22, 2020

Despite a recent surge in coronavirus cases, retailers are fighting for a rework and loosening of shopping restrictions before Black Friday and the holiday season. Retailers that sell essential items alongside their other products have been labelled “essential,” giving them an unfair advantage over other stores, some allege.

Retail 270

Retail Online Meeting Report 270

PYMNTS

NOVEMBER 10, 2016

WBR Digital and eTail just released a new benchmarking report on retail omnichannel adoption. The report is based on the responses of 98 executives from multiple sectors — specialty retail, stand apparel, high-end fashion and more — who are all leaders in either multichannel, pure-play, in-store only or other types of retail.

Retail 175

Retail Report Strategy Customer Experience 175

Payments Dive

JANUARY 31, 2020

Visa reported strong earnings during the fiscal first quarter, fueled by solid e-commerce and retail spending that offset weaker travel and restaurant spending.

Retail 300

Retail Report 300

PYMNTS

NOVEMBER 25, 2020

Bloomberg News reported that merchant chat rooms are abuzz with talk of delayed shipments, with more than a half-dozen sellers and consultants confirming such issues to the news service. The past couple of years, consumers grew accustomed to ordering products as late as Dec. 20 and having them delivered before Christmas.

Report 265

Report Retail Policies System 265

PYMNTS

DECEMBER 18, 2020

Cybercriminals have been homing in on eCommerce retailers that are seeking to capitalize on the rise of online shopping this season, as they believe that “they will be more likely to get through unabated,” the company said. Digital fraud is a longstanding issue for retailers and banks. The pandemic has only made these issues worse.

Report 333

Report Fraud Strategy Retail 333

South State Correspondent

SEPTEMBER 2, 2022

Goldilocks Appears in August Jobs Report. The largest gains came in healthcare, professional and business services, and retail trade. This report could be characterized as a Goldilocks report, not too hot, not too cold. Nonfarm payrolls increased 315 thousand while the unemployment rate rose two-tenths to 3.7%.

Report 195

Report Marketing Survey Retail 195

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

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

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

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. That’s the key finding from a new report from Deloitte, whose data is actually lacking the May sales spike of 17 percent. is not the only country seeing the shift.

Retail 231

Retail Online Course Report 231

PYMNTS

JANUARY 15, 2021

Target crushed online commerce and reported decent in-store sales volume for the holidays, while Urban Outfitters and Nordstrom had weak in-store traffic that even fairly positive online volume couldn’t surmount.

Technology 275

Technology Innovation Retail Payments 275

PYMNTS

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