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CFPB chides retailers on fees for cash back

Payments Dive

The federal agency surveyed major retailers and was concerned to find three retailers impose $90 million in fees annually when consumers ask for cash back with a debit or prepaid card purchase.

Retail 394
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Chemist, pub and bank closures lead to 2,300 more empty UK stores, survey finds

TheGuardian

Worst net closures so far this year are on high streets, while retail parks and shopping centres fair better A wave of closures by chemist, pub and bank chains led to almost 2,300 more empty stores on high streets, shopping centres and retail parks in Great Britain in the first half of this year, according to new research.

Survey 106
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Survey results: Coronavirus and the state of banking innovation

Bank Innovation

Given the significant challenges we’re facing with the ongoing coronavirus pandemic, INV Fintech and Bank Innovation conducted a brief survey from March 18 to 25, to gauge industry sentiment and understand practices going forward.

Survey 273
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The Problem With Customer Opinion Surveys and Strategy

Alex Jimenez

The writers derive these claims from customer opinion polls and immediately jump to conclusions without understanding survey methodology. Some researchers and consultants conduct customer opinion surveys with biased questions and limited responses. I don’t contest that 11% of people answering the survey are unhappy.

Survey 87
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Reinventing Retail Will Mean Embracing New Formats

PYMNTS

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
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Survey: US Retailers Face Fraud, Currency Barriers In Global Online Sales

PYMNTS

A new survey has found that the biggest obstacles hindering online retailers from doing business abroad is fraud prevention, and currency and payment processing. However, the survey reported that less than half of U.S. and more than half of online shoppers have already purchased goods outside their country.

Survey 101
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UK Retail Sales Get Further Lift After Lockdown Rules Dropped

PYMNTS

retail sales grew in September at their fastest rate in 18 months, Yahoo! The Confederation of British Industry ’s (CBI) latest monthly Distributive Trades Survey pointed to grocery stores as a big contributor to sales growth. The CBI surveys 123 companies, including 56 retailers. Retail employment in the U.K.

Retail 254