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inflation above 6% and the new COVID-19 omicron variant quickly emerging across the world, retailers are bracing for the possibility that supply chain disruptions and labor shortages could extend well into 2022 and are looking for ways to dampen the impact. With U.S. MORE
30) debuted an omnichannel solution for retailers and service providers dubbed SpotOn Retail, which allows independent retailers to sell in-store, online and on the go. Omnicommerce ecommerce News omnichannel POS Retail SpotOn What's Hot MORE
In today’s top retail news, Mastercard is predicting retail sales during the holiday shopping season will increase by over 7% year over year, while Amazon remains the leader when it comes to sporting goods, hobby, music and book sales. Retail Growth During Holiday Shopping Season. MORE
Today In Data Amazon ecommerce Flipkart international News Retail Today in Data walmartWalmart ’s Indian eCommerce venture Flipkart has landed a new round of fundraising ahead of a possible initial public offering (IPO). MORE
In today’s top retail news, The Home Depot has partnered with Walmart’s new GoLocal service to provide same-day or next-day delivery, while Mastercard says retail sales grew year-over-year last month as consumer spending continues to rebound. MORE
Youth fashion retailer Pacsun will accept bitcoin and other cryptocurrencies using 10-year-old blockchain payment provider BitPay, according to a Tuesday (Oct. Retail Bitpay Blockchain cryptocurrency Editors' Picks Generation Z News PacSun What's Hot MORE
Rue Gilt Groupe was founded as Rue La La in 2008, offering luxury brands at up to 70% off full-price retail. Last week, the eyewear retailer said third-quarter losses reached $91 million, primarily because of stock-based compensation and direct listing expenses. MORE
Bloomingdale’s is set to open a small-format store called Bloomie’s in Virginia on the heels of other retailers introducing similar concepts. And, in the economy, retail job openings climbed again in May per new data from the U.S. MORE
based online car retailer Cazoo on Wednesday (Sept. Partnerships / Acquisitions acquisitions automotive Cazoo international News Retail SMH What's Hot MORE
But that is very different than implying that shoppers are shopping at physical retail as much as they did pre-pandemic. See also: The Coming Decline of Physical Retail. Of course, physical retail isn’t irrelevant, and consumers still shop in stores as well as online. MORE
For most retailers, December is the most profitable season of the year. retailers suffer annual losses of $18.4 billion from fraudulent returns, according to data analytics company Appriss and the National Retail Federation (NRF). Fraud Briefs Retail Return Fraud MORE
Fears of a subscription commerce bubble are evaporating as new data find consumers amassing and retaining more subscriptions rather than paring down — and as merchants and brands redouble their efforts to make retail subscriptions more appealing and engaging than ever before. MORE
We believe the future of retail lies in social commerce,” Walmart U.S. Even so, it is hardly alone in its embrace of this new, fast-growing retail channel that is uniquely qualified at connecting with hard-to-reach, digitally native, young consumers. MORE
Retailers had to quickly adapt to the accelerated shift to online amid the pandemic in order to meet their customers where they wanted to shop and felt safe doing so. And with one tap, the experience is much better, which is a good reason [for retailers] to go digital.”. MORE
The Reserve Bank of Australia (RBA) recently unveiled its first quarterly reliability report on banking payment services for households and businesses, part of an effort to increase transparency about the retail payment services sector, according to a ZDNet report Monday (Nov. MORE
But for retailers, a return to 2019 after nearly two dozen months of upheaval and challenges would likely be a disaster. The starkest evidence of this came after the onset of the pandemic, as 2020 saw at least 30 retail companies file for bankruptcy. MORE
Some retailers are just excellent about telling stories about themselves and about the products that they're selling,” Taylor told PYMNTS. Both have been key developments to helping retailers participate in the digital-first economy. Don’t read too much into the name. MORE
Each of the top 11 most common types of retail items purchased this Black Friday was bought by more online shoppers than in-store shoppers. Inventory stockouts cost retailers up to $4.6 Retailers, therefore, lost a collective total of up to $30 billion. retailers up to $4.6 MORE
As CNBC reported, the new measures include a jobs support plan for sectors including dining, retail, entertainment and gyms, as well as help for retailers to get onto local online retail platforms. It’s not just retailers that are feeling a pinch due to the pandemic. MORE
Consignment-to-retail used vehicle marketplace CarLotz has opened a new location in the greater Atlanta area, giving the company locations in 11 states across the nation and strengthening its footprint in the southeastern U.S. Retail automotive CarLotz News What's Hot MORE
retail sales in July after a brief recovery, and global supply chain issues could linger for 18 months. retail sales in July 2021. core retail sales — excluding food, cars and fuel — since July 2020. Today In Data Commerce News payments Retail Supply Chain Today in Data walmart MORE
Gap stores are weathering the supply chain snafus with a multi-brand approach to retail. Plus, retailers are pinning their 2021 holiday hopes on financially healthy consumers , and advancements in digital retail are redefining the sector’s “normal.”. MORE
Saks, for example, is currently offering a $25 gift card toward a future purchase when customers decide to utilize the retailer’s buy online, pickup in-store (BOPIS) capabilities at the location nearest to them. Retail Amazon brick and mortar delivery ecommerce News Saks MORE
Retail sales rose in January by 5.3 The increase in retail sales followed three consecutive months of declining sales during the 2020 holiday shopping season. percent retail sales increase beat economists’ estimates, which forecast a 1 percent rebound in January retail sales. MORE
In today’s top retail news, JCPenney has rolled out its new Thereabouts private-label kids’ clothing line, while American shoppers spent more in department stores and less on furniture and cars in June. Pct Rebound in June Retail Sales. MORE
In today’s top retail news, Rakuten and Afterpay are partnering on a new rewards program for customers of both companies, while department store chain Kohl’s is being urged to follow in the footsteps of Saks and others in spinning off its digital business. MORE
This past year has been incredibly hard on retailers, especially small businesses. Retail sales plunged more than 20% between February and April last year, but with pandemic restrictions easing, the industry is starting to recover. MORE
In today’s top retail news, Farfetch CEO José Neves told analysts on a conference call that next year will be a critical moment for the company in its evolution beyond just a marketplace, while Meta is adding shopping capabilities to Facebook Groups. MORE
The surge in retail subscription commerce that emerged after the pandemic’s onset is still gaining momentum. The average subscriber now has five retail subscriptions on average — twice as many as in the first quarter of 2021. retail subscription services for a monthly total of $106.86. MORE
Today In Data Commerce Consumer Spending News payments Retail Today in DataShopify’s Shop Pay Installments blasts out of the gate with a vengeance. Plus, homeowners shift to cosmetic improvements and Barbie and Hot Wheels fuel Mattel’s growth. MORE
In today’s top retail news, Walmart’s omnichannel strategy helped it ward off decelerating eCommerce sales and Delta variant concerns in the second quarter, while rising COVID-19 case counts and a surge in mask mandates caused July retail sales to slump. MORE
retail sales in July increased by 10.9 Combined with greater savings and higher demand, the Child Tax Credit has provided a boost for families and is putting more money into retailers’ pockets.”. In June, retail sales increased 10.4 MORE
In retail technology, Toshiba Global Commerce Solutions ’ new Elera system aims to supplant in-store IT systems with a new cloud-enabled technology. Today In Data Commerce digital commerce News payments Retail Today in Data MORE
Retail sales in Great Britain have dipped for the fifth consecutive month, The Guardian reported. Looking ahead, retail spending is expected to recover in October as consumers begin their Christmas shopping early due to concerns about the availability of some toys and gifts, the report stated. MORE
Retail Amazon Consumer Spending News Target walmartTo keep consumers buying, tamp down the sticker shock. You no doubt know that inflation and supply chain disruptions are, in tandem, underpinning price surges across all manner of items. MORE
In today’s top retail news, Adidas is relying on partnerships for fresh revenue and a path toward a more digital business, while brick-and-mortar retail in the United Kingdom is preparing for the first Amazon 4-star store outside the U.S. Retail adidas Amazon CarGurus JCPenney News MORE
In the economy, retail sales surged in January after consecutive months of falling sales, while in payment methods, automatic debit payments can help utility providers bolster cash flows as well as collections. Today In Data Commerce digital Innovation News payments Retail Today in Data MORE
CPI is a global manufacturer of intelligent payment, cash processing and retail automation technologies serving unattended and semi-attended markets, including vending, financial services, retail, transportation, banking and gaming. MORE
Online bulk retailer Boxed is set to acquire MaxDelivery , an on-demand grocery delivery service for New York City consumers. Partnerships / Acquisitions acquisitions Boxed delivery ecommerce grocery MaxDelivery News Retail What's Hot MORE
But the truth is that the people involved in multilevel marketing companies do little actual retailing of products or services to third-party customers (non-members of the scheme). That’s still retailing? The competition for selling the product is too high for profitable retail selling. MORE
Walgreens has been doubling down on reinventing its membership programs and making its pharmacy/retail offerings more personal for shoppers. In technology, retailers are turning to artificial intelligence (AI) to cope with inflation. MORE
In today’s top retail news, Cyber Monday deals are few and far between as retailers spread their holiday promotions across several weeks, while PYMNTS data show that over two-thirds of Black Friday shoppers made online purchases at Amazon. MORE
Retail Related Topics RogerRossmeisl
JANUARY 27, 2021
For most retailers, December is the most profitable season of the year. retailers suffer annual losses of $18.4 billion from fraudulent returns, according to data analytics company Appriss and the National Retail Federation (NRF). Fraud Briefs Retail Return Fraud
PYMNTS
NOVEMBER 30, 2021
30) debuted an omnichannel solution for retailers and service providers dubbed SpotOn Retail, which allows independent retailers to sell in-store, online and on the go. Omnicommerce ecommerce News omnichannel POS Retail SpotOn What's Hot
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PYMNTS
NOVEMBER 19, 2021
In today’s top retail news, Farfetch CEO José Neves told analysts on a conference call that next year will be a critical moment for the company in its evolution beyond just a marketplace, while Meta is adding shopping capabilities to Facebook Groups.
PYMNTS
DECEMBER 6, 2021
But that is very different than implying that shoppers are shopping at physical retail as much as they did pre-pandemic. See also: The Coming Decline of Physical Retail. Of course, physical retail isn’t irrelevant, and consumers still shop in stores as well as online.
PYMNTS
NOVEMBER 30, 2021
Online bulk retailer Boxed is set to acquire MaxDelivery , an on-demand grocery delivery service for New York City consumers. Partnerships / Acquisitions acquisitions Boxed delivery ecommerce grocery MaxDelivery News Retail What's Hot
FraudFiles
NOVEMBER 17, 2021
But the truth is that the people involved in multilevel marketing companies do little actual retailing of products or services to third-party customers (non-members of the scheme). That’s still retailing? The competition for selling the product is too high for profitable retail selling.
PYMNTS
NOVEMBER 29, 2021
In today’s top retail news, Cyber Monday deals are few and far between as retailers spread their holiday promotions across several weeks, while PYMNTS data show that over two-thirds of Black Friday shoppers made online purchases at Amazon.
PYMNTS
NOVEMBER 26, 2021
The surge in retail subscription commerce that emerged after the pandemic’s onset is still gaining momentum. The average subscriber now has five retail subscriptions on average — twice as many as in the first quarter of 2021. retail subscription services for a monthly total of $106.86.
PYMNTS
AUGUST 17, 2021
In today’s top retail news, Walmart’s omnichannel strategy helped it ward off decelerating eCommerce sales and Delta variant concerns in the second quarter, while rising COVID-19 case counts and a surge in mask mandates caused July retail sales to slump.
PYMNTS
JULY 29, 2021
Today In Data Commerce Consumer Spending News payments Retail Today in DataShopify’s Shop Pay Installments blasts out of the gate with a vengeance. Plus, homeowners shift to cosmetic improvements and Barbie and Hot Wheels fuel Mattel’s growth.
PYMNTS
OCTOBER 24, 2021
Retail sales in Great Britain have dipped for the fifth consecutive month, The Guardian reported. Looking ahead, retail spending is expected to recover in October as consumers begin their Christmas shopping early due to concerns about the availability of some toys and gifts, the report stated.
PYMNTS
NOVEMBER 24, 2021
But for retailers, a return to 2019 after nearly two dozen months of upheaval and challenges would likely be a disaster. The starkest evidence of this came after the onset of the pandemic, as 2020 saw at least 30 retail companies file for bankruptcy.
PYMNTS
DECEMBER 2, 2021
Fears of a subscription commerce bubble are evaporating as new data find consumers amassing and retaining more subscriptions rather than paring down — and as merchants and brands redouble their efforts to make retail subscriptions more appealing and engaging than ever before.
|
PYMNTS
NOVEMBER 29, 2021
Each of the top 11 most common types of retail items purchased this Black Friday was bought by more online shoppers than in-store shoppers. Inventory stockouts cost retailers up to $4.6 Retailers, therefore, lost a collective total of up to $30 billion. retailers up to $4.6
PYMNTS
NOVEMBER 30, 2021
inflation above 6% and the new COVID-19 omicron variant quickly emerging across the world, retailers are bracing for the possibility that supply chain disruptions and labor shortages could extend well into 2022 and are looking for ways to dampen the impact. With U.S.
PYMNTS
DECEMBER 6, 2021
Saks, for example, is currently offering a $25 gift card toward a future purchase when customers decide to utilize the retailer’s buy online, pickup in-store (BOPIS) capabilities at the location nearest to them. Retail Amazon brick and mortar delivery ecommerce News Saks
PYMNTS
NOVEMBER 16, 2020
Some retailers are just excellent about telling stories about themselves and about the products that they're selling,” Taylor told PYMNTS. Both have been key developments to helping retailers participate in the digital-first economy. Don’t read too much into the name.
PYMNTS
NOVEMBER 22, 2021
We believe the future of retail lies in social commerce,” Walmart U.S. Even so, it is hardly alone in its embrace of this new, fast-growing retail channel that is uniquely qualified at connecting with hard-to-reach, digitally native, young consumers.
PYMNTS
AUGUST 18, 2021
retail sales in July after a brief recovery, and global supply chain issues could linger for 18 months. retail sales in July 2021. core retail sales — excluding food, cars and fuel — since July 2020. Today In Data Commerce News payments Retail Supply Chain Today in Data walmart
xendoo
MAY 18, 2021
This past year has been incredibly hard on retailers, especially small businesses. Retail sales plunged more than 20% between February and April last year, but with pandemic restrictions easing, the industry is starting to recover.
PYMNTS
JULY 16, 2021
In retail rewards, David’s Bridal has seen a sizable number of shoppers enroll in its loyalty program. Today In Data Commerce Innovation News payments Retail Today in Data
PYMNTS
AUGUST 5, 2021
retail sales in July increased by 10.9 Combined with greater savings and higher demand, the Child Tax Credit has provided a boost for families and is putting more money into retailers’ pockets.”. In June, retail sales increased 10.4
PYMNTS
SEPTEMBER 20, 2021
Consignment-to-retail used vehicle marketplace CarLotz has opened a new location in the greater Atlanta area, giving the company locations in 11 states across the nation and strengthening its footprint in the southeastern U.S. Retail automotive CarLotz News What's Hot
PYMNTS
OCTOBER 8, 2021
In today’s top retail news, Adidas is relying on partnerships for fresh revenue and a path toward a more digital business, while brick-and-mortar retail in the United Kingdom is preparing for the first Amazon 4-star store outside the U.S. Retail adidas Amazon CarGurus JCPenney News
PYMNTS
JULY 23, 2021
As CNBC reported, the new measures include a jobs support plan for sectors including dining, retail, entertainment and gyms, as well as help for retailers to get onto local online retail platforms. It’s not just retailers that are feeling a pinch due to the pandemic.
PYMNTS
JANUARY 15, 2021
In retail technology, Toshiba Global Commerce Solutions ’ new Elera system aims to supplant in-store IT systems with a new cloud-enabled technology. Today In Data Commerce digital commerce News payments Retail Today in Data
PYMNTS
NOVEMBER 16, 2021
The Reserve Bank of Australia (RBA) recently unveiled its first quarterly reliability report on banking payment services for households and businesses, part of an effort to increase transparency about the retail payment services sector, according to a ZDNet report Monday (Nov.
PYMNTS
JULY 2, 2021
Walgreens has been doubling down on reinventing its membership programs and making its pharmacy/retail offerings more personal for shoppers. In technology, retailers are turning to artificial intelligence (AI) to cope with inflation.
PYMNTS
NOVEMBER 17, 2021
Retail Amazon Consumer Spending News Target walmartTo keep consumers buying, tamp down the sticker shock. You no doubt know that inflation and supply chain disruptions are, in tandem, underpinning price surges across all manner of items.
PYMNTS
FEBRUARY 18, 2021
In the economy, retail sales surged in January after consecutive months of falling sales, while in payment methods, automatic debit payments can help utility providers bolster cash flows as well as collections. Today In Data Commerce digital Innovation News payments Retail Today in Data
PYMNTS
SEPTEMBER 13, 2021
In today’s top retail news, Mastercard is predicting retail sales during the holiday shopping season will increase by over 7% year over year, while Amazon remains the leader when it comes to sporting goods, hobby, music and book sales. Retail Growth During Holiday Shopping Season.
PYMNTS
JULY 20, 2021
In rural retail, Tractor Supply Co. automotive retail locations that AutoNation owns and operates as of June 30. Today In Data BNPL Commerce News payments Retail Today in Data
PYMNTS
FEBRUARY 17, 2021
Retail sales rose in January by 5.3 The increase in retail sales followed three consecutive months of declining sales during the 2020 holiday shopping season. percent retail sales increase beat economists’ estimates, which forecast a 1 percent rebound in January retail sales.
PYMNTS
OCTOBER 5, 2021
Youth fashion retailer Pacsun will accept bitcoin and other cryptocurrencies using 10-year-old blockchain payment provider BitPay, according to a Tuesday (Oct. Retail Bitpay Blockchain cryptocurrency Editors' Picks Generation Z News PacSun What's Hot
PYMNTS
JULY 13, 2021
Today In Data Amazon ecommerce Flipkart international News Retail Today in Data walmartWalmart ’s Indian eCommerce venture Flipkart has landed a new round of fundraising ahead of a possible initial public offering (IPO).
PYMNTS
OCTOBER 7, 2021
Retailers had to quickly adapt to the accelerated shift to online amid the pandemic in order to meet their customers where they wanted to shop and felt safe doing so. And with one tap, the experience is much better, which is a good reason [for retailers] to go digital.”.
PYMNTS
NOVEMBER 15, 2021
Rue Gilt Groupe was founded as Rue La La in 2008, offering luxury brands at up to 70% off full-price retail. Last week, the eyewear retailer said third-quarter losses reached $91 million, primarily because of stock-based compensation and direct listing expenses.
PYMNTS
APRIL 30, 2021
CPI is a global manufacturer of intelligent payment, cash processing and retail automation technologies serving unattended and semi-attended markets, including vending, financial services, retail, transportation, banking and gaming.
PYMNTS
JULY 9, 2021
Bloomingdale’s is set to open a small-format store called Bloomie’s in Virginia on the heels of other retailers introducing similar concepts. And, in the economy, retail job openings climbed again in May per new data from the U.S.
PYMNTS
DECEMBER 6, 2021
In today’s top retail news, Rakuten and Afterpay are partnering on a new rewards program for customers of both companies, while department store chain Kohl’s is being urged to follow in the footsteps of Saks and others in spinning off its digital business.
PYMNTS
SEPTEMBER 15, 2021
based online car retailer Cazoo on Wednesday (Sept. Partnerships / Acquisitions acquisitions automotive Cazoo international News Retail SMH What's Hot
PYMNTS
NOVEMBER 26, 2021
Gap stores are weathering the supply chain snafus with a multi-brand approach to retail. Plus, retailers are pinning their 2021 holiday hopes on financially healthy consumers , and advancements in digital retail are redefining the sector’s “normal.”.
PYMNTS
JULY 16, 2021
In today’s top retail news, JCPenney has rolled out its new Thereabouts private-label kids’ clothing line, while American shoppers spent more in department stores and less on furniture and cars in June. Pct Rebound in June Retail Sales.
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