BoA CEO: More Consumers Keeping Credit Card Payments Current
BoA CEO: More Consumers Keeping Credit Card Payments Current
September 24, 2020  |  Economy

Bank of America’s CEO said Thursday (Sept. 24) credit card delinquencies are “lower now than they were last year” as more people come off deferrals...

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Olive Garden Parent Darden Says Digital Accounted For More Than Half Of Off-Premise Sales
Olive Garden Parent Darden Says Digital Accounted For More Than Half Of Off-Premise Sales
September 24, 2020  |  Earnings

Darden Restaurants reported on Thursday (Sept. 24) that over half of its combined off-premise sales at its three largest brands during the company’s fiscal Q1...

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Mall Sector Gets More Bad News; Neiman Marcus To Cut Staff
Mall Sector Gets More Bad News; Neiman Marcus To Cut Staff
September 24, 2020  |  Retail

The embattled mall category absorbed more bad news this week as Brookfield Properties and Neiman Marcus showed further signs of consistent financial stress. Get the...

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Digital Technologies Drive Innovation In Retail, Banking
Digital Technologies Drive Innovation In Retail, Banking
September 24, 2020  |  Today In Data

Nike’s digital sales surged in Q1, while the sportswear brand also saw an uptick in its connected fitness business. In banking, financial crime is a pervasive threat...

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Manifesting Retail’s Week Of Revolution
Manifesting Retail’s Week Of Revolution
September 24, 2020  |  Retail

Retail, for all intents and purposes, has always been an interdependent system. Supply depends on demand; demand depends on supply; supply depends on the supply...

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Connected Car Commerce Picks Up Speed
Connected Car Commerce Picks Up Speed
September 24, 2020  |  Retail

The connected car is fast becoming the transactional car. New moves from automakers and credit card companies are pushing vehicle commerce — or v-commerce —...

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UK Retail Sales Get Further Lift After Lockdown Rules Dropped
UK Retail Sales Get Further Lift After Lockdown Rules Dropped
September 24, 2020  |  Retail

As the U.K.’s lockdown measures were lifted, consumers went out shopping for various products, including home-related goods like sofas. As a result, U.K. retail sales...

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Men’s Wearhouse Debuts New Streamlined Store Design Near Houston
Men’s Wearhouse Debuts New Streamlined Store Design Near Houston
September 24, 2020  |  Retail

As many retailers shutter brick-and-mortar stores while others invest in their online outlets, Men’s Wearhouse has renovated what it calls a next-generation store north of...

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Another 870,000 Americans File Jobless Claims
Another 870,000 Americans File Jobless Claims
September 24, 2020  |  Economy

The U.S. Department of Labor (DOL) reported on Thursday (Sept. 24) that the number of Americans who filed for jobless claims in the week ended...

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