Retail

Retail
PayPal Processes Record-Breaking $185 Million On GivingTuesday
December 09, 2020

PayPal Holdings, Inc. said on Wednesday (Dec. 9) that it processed a record-breaking $185 million around the world this GivingTuesday, which was the most raised on its platform for the worldwide day of giving as of the event’s start in 2012, according to an announcement....

Retail
Retail Will Play Major Role In Vaccine Distribution
December 08, 2020

The vaccines are locked and loaded. Now comes the hard part. As various governmental agencies, healthcare organizations and drug companies step up their efforts to get vaccines distributed, it looks like retail will have a major role to play. Get the Full Story Complete the...

Retail
Square’s Cash App Launches Apparel Collection
December 08, 2020

Square’s digital wallet startup Cash App has introduced its first apparel collection, Cash by Cash App, The Wall Street Journal reported on Tuesday (Dec. 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Walmart Mexico Eyes App Enhancement To Keep Money Transfers In-House
December 08, 2020

At a time when the pandemic has seen a massive shift toward digital commerce, the Mexican arm of Walmart – the world’s largest retailer – is looking to leverage the river of remittances that its customers receive from the United States, and to keep more...

Retail
Today In Retail: G-III Apparel Group Reports 26.7 Pct Net Sales Decline; Rakuten In Store...
December 08, 2020

In today’s top retail news, G-III Apparel Group reported that net sales dropped 26.7 percent as its Wilsons Leather and G.H. Bass brands suffered, while the Rakuten In-Store Network has turned on offers in Google Pay. Plus, Ikea is saying goodbye to its printed catalog....

Retail
Wendy’s, Uber Eats Harness Power Of Pop Culture Promotion
December 08, 2020

The PlayStation 5 and Microsoft Xbox Series X are the two big next-generation gaming consoles coming out this Christmas that parents and gamers worldwide are struggling to get their hands on. But Uber Eats and Wendy’s are pairing up to open up the possibility of winning one...

Retail
Modal, Honda Collaborate On Financing For eCommerce Platform
December 08, 2020

The surge in automotive online purchasing traffic sparked by the pandemic has led to increased demand for eCommerce. Hence the popularity of Modal’s automotive eCommerce platform, underlying the announcement Tuesday (Dec. 8) of a $15 million Series A financing. It is led by Modal’s newest...

Retail
Love And Loyalty: David’s Bridal Launches First Rewards Program
December 08, 2020

It was Frank Sinatra who sang the great line about love and marriage: “You can’t have one without the other.” The marketing team at David’s Bridal might like to add to that lyric. Because as of Tuesday (Dec. 8), they would say that loyalty must...

Retail
G-III Apparel Group Reports 26.7 Pct Drop In Net Sales
December 08, 2020

G-III Apparel Group, whose owned brands include DKNY and G.H. Bass, among others, reported Tuesday (Dec. 8) that net sales plunged 26.7 percent as its Wilsons Leather and G.H. Bass brands suffered. The company also warned that it expects Q4 sales to come in at roughly 30...