PYMNTS

JULY 14, 2020

As the United States experiences a coin shortage due to the pandemic, some brick-and-mortar retailers are forcing consumers to tell cashiers to “keep the change.”. coin shortage grows, more and more retailers could force shoppers to “keep the change” on their loyalty cards. That might be a real positive for retailers.

Retail 290

Retail US Cards United States 290

PYMNTS

JULY 20, 2020

The increasingly likely scenario that many students in the United States, Europe and the United Kingdom will be resuming school at their kitchen tables has retailers that usually cash in every late summer biting their financial nails. Deloitte predicted roughly flat year-over-year U.S. back-to-school spending of $28.1

Retail 130

Retail United States Survey Analytics 130

PYMNTS

JUNE 8, 2020

With the pandemic putting its business into a state of disorder, Lane Bryant and Ann Taylor owner Ascena Retail Group is reportedly in talks with lenders about a possible bankruptcy filing. Most of the roughly 2,800 retail locations of Ascena are still shuttered. The retailer foresees closing approximately 230 of 687 stores.

Groups 179

Groups Retail Dallas United States 179

PYMNTS

JANUARY 16, 2020

With a late shopping rush around the holidays that ended a more moderate spending year, retail sales in the United States strengthened in December. Retail sales rose 0.5 The retail “control group” sales rose 0.5 Retail sales rose 3.6 The Commerce Department said retail sales increased 0.2 percent.

Retail 131

Retail United States US Maine 131

PYMNTS

JULY 15, 2020

Livestreaming online shopping is finally gaining momentum in the United States, via an evolving business model from Glamhive. In the automotive arena, sellers have implemented third-party technology such as virtual retailing to enable a completely digital vehicle sales process.

Retail 130

Retail Technology Cards Innovation 130

Perficient

MAY 25, 2023

The approval allows Promethium to custody digital asset securities on behalf of both retail and institutional clients. Secondly, as a qualified custodian, which is what the SPBD classification offers, subjects Promethium to provisions of the landmark United States Exchange Act of 1934. The significance of this is two-fold.

cryptocurrency 251

cryptocurrency United States Retail Security 251

PYMNTS

NOVEMBER 18, 2020

A rebound in retail sales in the United States has resulted in a quicker than expected resurgence in shipping demand, with Maersk now expecting EBITDA to weigh in between $8 billion and $8.5 Shipping giant Maersk is predicting a better 2021 in a move that bodes well for the battered but now recovering global economy.

Retail 215

Retail US United States Online 215

PYMNTS

JANUARY 14, 2021

In today’s top retail news, Ethan Allen Interiors anticipates reporting retail segment written orders growth of 44.9 Plus, a new Toshiba Global Commerce Solutions offering provides retailers with “Amazon Go at scale.”. Plus, a new Toshiba Global Commerce Solutions offering provides retailers with “Amazon Go at scale.”.

Retail 142

Retail New Jersey Minnesota United States 142

PYMNTS

DECEMBER 24, 2019

21, the last Saturday shopping day before Christmas 2019, has been confirmed as the single biggest retail sales day in U.S. According to retail research firm Customer Growth Partners, consumers on Super Saturday spent a total of $34.4 More customers are shopping online, as well, as retailers offer improved web platforms. (58

Retail 186

Retail social media United States Millennials 186

PYMNTS

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

PYMNTS

JUNE 23, 2020

Some of the largest online and brick-and-mortar retailers in the United States have spent more than $7 billion for everything from Plexiglas partitions and face masks to extra pay since the coronavirus crisis hit in March. Testing alone will cost the company $300 billion in the second quarter, and $1 billion during 2020.

Retail 141

Retail US United States Online 141

PYMNTS

JULY 6, 2020

In the past two weeks, shopping levels have fallen again as coronavirus cases surge in the United States, CNBC reported. Up until then, retail levels were improving somewhat since the all-time low in April while the country was on lockdown. Eleven of those states have a requirement that people wear masks in public.

Rhode Island 169

Rhode Island Retail South Carolina Mississippi 169

PYMNTS

JULY 19, 2019

Iconic brick-and-mortar retailers are sometimes reinvented, and return to the world of retail with smaller-format concepts. The parent of the Toys R Us brand, Tru Kids , plans to bring stores under the legendary name to the United States for the 2019 holiday season. In Other Brick-and-Mortar News.

Retail 150

Retail US New York United States 150

PYMNTS

JANUARY 21, 2020

Furniture is helping to build a larger retail ecosystem, with the value proposition of Oliver Space centered around providing furnishings, along with design help, to consumers who are moving. The company, for its part, provides furniture to customers in exchange for monthly fees from customers. All this, Today in Data.

Retail 130

Retail Innovation United States Data 130

PYMNTS

APRIL 16, 2020

Retail sales in the United States fell by almost 9 percent in March alone, and PYMNTS research suggests that the average SMB expects to run out of cash two months before the pandemic ends — even with government assistance. It may not be enough, though.

Maine 228

Maine Retail United States Industry 228

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

JUNE 27, 2019

The headlines may seem to gravitate toward Amazon Go and the cashless store debate, but automated retail efforts are seen across any number of vendors and settings – from vending machines to big box stores to delivery services. million: Estimated number of vending machines in the United States. that can accept cashless payments.

Retail 115

Retail United States Course Operations 115

PYMNTS

FEBRUARY 14, 2020

With data indicating that consumer spending is still strong, retail sales – which are an indication of purchases at restaurants, stores and online – rose a seasonally adjusted 0.3 The news comes as retail sales in the United States strengthened in December. Retail sales rose 0.5 Retail sales rose 3.6

Retail 141

Retail United States Data Meeting 141

PYMNTS

AUGUST 13, 2020

Off-price specialty retailer Stein Mart, Inc. filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Middle District of Florida, Jacksonville Division amid a challenging retail climate and the pandemic, the company said in a statement. In July, Ascena Retail Group, Inc.

Retail 146

Retail Jacksonville Virginia United States 146

PYMNTS

JUNE 24, 2020

Merchants are focusing on re-engaging shoppers now that brick-and-mortar retailers are reopening across the United States. In eCommerce, in an effort to attract and retain online customers, Amazon’s The Big Style Sale is serving as something of an event filler as Prime Day has been delayed due to the pandemic.

Retail 130

Retail United States Data Innovation 130

PYMNTS

MARCH 27, 2020

As government measures to decelerate the spread of the coronavirus have come into place, many upscale retailers in New York such as Chanel, Celine and Fendi have blocked access to their shops with plywood. Retail shops in storied retail locations have shut their doors. In other retail news, department stores in the U.S.

New York 151

New York Retail Los Angeles social media 151

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. All told, though, even with the positive reading last month, in China year to date, retail sales are down 8.6 percent of the total sales of retail goods.

Retail 171

Retail Lending United States Course 171

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

JANUARY 15, 2021

The use of QR codes is growing more popular in the United States, enabling consumers to instantly access information and easily pay on their smartphones without going through a URL entry. Some countries are catalyzing this growth through national mandates rather than leaving retailers to their own devices. Retail Environment.

Retail 207

Retail Security Payments United States 207

PYMNTS

OCTOBER 13, 2020

Afterpay has announced its in-store buy now, pay later (BNPL) service is being offered by major retailers at locations across the country. Shoppers can use Afterpay to buy items in select retail stores using their Afterpay card, a virtual, contactless card stored in their digital wallet,” the firm said in a Tuesday (Oct.

Retail 130

Retail United States Millennials Branding 130

PYMNTS

DECEMBER 13, 2019

As Americans reduced their discretionary spending, retail sales in the United States rose by a level that was lower than expected in November. The Commerce Department said retail sales increased 0.2 percent last month, and data from October was revised to indicate that retail sales rose 0.4 percent last month.

Retail 131

Retail US United States Survey 131

PYMNTS

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

AUGUST 26, 2019

Pretty much everyone needs medicine at one or another, and that need is helping to drive retail innovation and attempts at disruption in the pharmacy business. After its parent company announced plans earlier this year to close 200 stores in the United Kingdom, Walgreens is looking to shutter 200 locations in the United States.

Retail 136

Retail Innovation United States ATM 136

PYMNTS

JUNE 10, 2020

Consumer spending in the United States gradually increased last month as shoppers arose from lockdown. Mastercard figures indicated that retail sales in the U.S., And online shopping comprised 22 percent of retail sales in April and May, which was two times that of the year before. Hardware sales in the U.S.

Retail 130

Retail United States Comparison Trends 130

PYMNTS

AUGUST 13, 2019

A new report has revealed that Amazon’s Prime Day — along with promotions by other retailers — led to a boost in July retail sales. economics, told CNBC that she expects retail sales — excluding autos — to have risen by 0.6 percent, with about half coming from Prime Day and other promotions by rival retailers.

Retail 153

Retail United States America Data 153

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. Interior Define is one such company that exemplifies these trends, as highlighted in our case study.

Retail 216

Retail Report Case Study Study 216

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

JANUARY 2, 2020

As online shopping powers a forecasted 26 percent year-over-year volume surge on National Returns Day, the United Parcel Service (UPS) foresees shipping 1.9 2 is the day with the most activity for holiday returns in the United States, CNBC reported. million gifts and other products back to U.S.

National 131

National Retail United States California 131

CFPB Monitor

JANUARY 10, 2024

On January 5, 2024, two trade groups representing auto dealers filed a petition for review challenging the Federal Trade Commission’s (“FTC”) new Combating Auto Retail Scams Rule (“CARS Rule”).

Groups 146

Groups United States Texas National 146

PYMNTS

MARCH 27, 2020

In the latest Merchants Guide to Navigating Global Payments Regulations , PYMNTS examines the latest data privacy and online banking regulations taking shape in the United States. The Tracker also looks at how COVID-19, the disease caused by the coronavirus, may impact the development of these rules in both the U.S.,

Data 199

Data Retail US California 199

PYMNTS

JANUARY 8, 2020

Department store chains in the United States might have experienced another disappointing holiday season, with the category of retailers that includes Macy’s , Nordstrom and JCPenney seeing overall sales drop 1.8 Despite sluggish sales at physical stores, total retail numbers were close to $880 billion, up 3.4

Retail 131

Retail United States Marketing Strategies Report 131

PYMNTS

NOVEMBER 26, 2019

Luxury and upscale retail are undergoing some significant changes as the holiday shopping season kicks off and a new decade approaches. The retailer recently delivered earnings that beat analysts’ expectations for the recently completed financial quarter, even as its net sales declined year over year. Social Retail.

Retail 131

Retail Online social media United States 131