Positive Developments In Retail And Digital Banking

By  |  May 21, 2021
 | 
Kohl's app

Kohl’s reported that its store sales soared during its most recent quarter, while the retailer’s digital sales climbed year over year. In other retail earnings, Petco reported that its net revenue surged in its most recent quarter at a time when more pets are in homes than ever before. And in banking, credit unions (CUs) can close the gap between their own innovation agendas and the expectations of members. All this, Today in Data.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Data:

    86%: Share of CU decision-makers who prioritized developing QR code-enabled payments.

    40%: Share of Kohl’s digital sales that were fulfilled in-store in Q1 of fiscal 2021.

    $14M: Kohl’s net income for Q1 of fiscal 2021, up from a loss in 2020.

    12%: Share of credit unions that say they were first to market with their innovations in 2020.

    Advertisement: Scroll to Continue

    $1.4B: Petco’s net revenue for Q1 of fiscal 2021.


    Recommended

    subscriptions

    Why the Subscription Business Is No Longer About Content

    Maverick

    Faster Payments Now Depend on Smarter Compliance

    b2b payments, embedded finance

    B2B Platforms Bring Finance to the Moment Decisions Are Made

    generational divide household

    Affordability Rewrites the Household Balance Sheet

    See More In: , , , , ,