Uh oh. And just when we thought we were going to get such good news about retail spending, the data has to come out to rain on our parade. Yes, thanks to the holiday season and consumers feeling a little more bullish about the economy...
Starting today, scores of merchants, technologists, financiers, analysts, journalists and all-around retail enthusiasts descend on Manhattan for “Retail’s Big Show” – NRF’s annual event. By the looks of the agenda, it seems most participants are helping retailers prepare for an increasingly demanding and connected consumer....
U.K. supermarket giant Tesco said Thursday (Jan. 8) that it will dump nearly 100 stores, lay off thousands of employees, and possibly sell Dunnhumby, the customer-data subsidiary responsible for the chain’s highly successful loyalty program, The Guardian reported. Get the Full Story Complete the form...
The internet in 1998 was pretty primitive. Only 41 percent of Americans went online, and when they did, what they found was pretty unimpressive, and even hard to use. It’s no wonder that nearly 60 percent of Americans, when surveyed by Pew Internet Life that...
Been a tough year for Amazon: the e-commerces giant’s shares are down a staggering 22 percent since last January, leaving Amazon chief Jeff Bezos nearly $7.4 billion poorer than he was this time last year. Get the Full Story Complete the form to unlock this...
Starbucks, the coffeehouse giant that payments startup Square hoped would help it break in among big retailers, will no longer be accepting Square’s app for mobile payments, ReadWrite reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The end is near! Well at least in terms of holiday retail is concerned. As the sun rises on Panic aka Super Saturday, American consumers can be split almost evenly into two groups – those who can congratulate themselves on having already completed their Christmas...
A study to be released Friday (Dec. 19) shows that mobile interactions are soaring, but that’s not entirely a good thing. The report, from Bain & Co., also shows that digital-only customers are less loyal, less engaged and purchase fewer products. Looks like those branches...
Unveiling a series of proposed new virtual currency regulations for New York state—which will likely be copied by other states and potentially federal regulators as well—Benjamin M. Lawsky, the superintendent of the New York State Department Of Financial Services, said that virtual currency startups need...
