Retail

Retail
NEW DATA: Black Friday 2020: COVID-19 Steepens Physical Retail’s Long Slide
November 30, 2020

The divide between digital and brick-and-mortar commerce hit a tipping point this holiday season, with more consumers than ever going online to kick off their holiday shopping sprees. Three out of every four consumers who shopped for their holiday purchases on Black Friday this year...

Retail
Wearable, Hearable, Attachable, Trackable: Omni-Connected Tech Gadgets Are Booming
November 30, 2020

Whether you want to track your run times, monitor your sleep or try to avoid a sunburn, the market for wearable technology is growing and evolving as companies large and small try to cash in on one of the holiday season’s hottest segments. Get the...

Retail
Chinese Consumers’ Buying Expected To Surge After Months Of Caution
November 29, 2020

A strong surge in consumer spending on retail is likely to be the main economic driver in China as the country recovers from the effects of the pandemic, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and...

Retail
Digital Sales Surge On Black Friday
November 29, 2020

Black Friday shoppers stayed home, delivering a feared blow to brick-and-mortar retailers on what usually is one of their biggest days of the year, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Mix-N-Match Fake Shopping Holidays For Fun And Profit
November 28, 2020

Even though we’re strictly business here at PYMNTS, we’re always looking for the lighthearted. On that count, this holiday season strikes us as both funny and poignant. It’s the scary state of shopping this year that’s made us pensive – and it’s the perfect time...

Retail
Whole Paycheck: Walmart Adds To Last Mile Services With JoyRun Acquisition
November 27, 2020

In the middle of the biggest week in the biggest season, Walmart and Amazon are making news with their moves to solidify their shopping experience and last-mile delivery — because it’s hard to claim the whole paycheck for U.S. consumers if the goods can’t be...

Retail
Digital-First Holiday Weekend Off To Hot Start
November 27, 2020

The digital-first Holiday shopping weekend got off to a hot start as Thanksgiving looked more like Cyber Monday. Reports from Adobe, Salesforce and Shopify showed that retail sales on Thursday Nov. 26 were well ahead of expectations as the pandemic kept stores closed and online...

Retail
Secondhand News: Economy, Pandemic Create New Role For Pawnshops
November 27, 2020

At a time when the coronavirus has caused a spike in unemployment and crippled countless small businesses, the pawnbroking industry has found itself in a perfect storm of sorts, which has fueled a surge in demand for loans as well as an appetite for secondhand...

Retail
On The Agenda: Expert Panel Debates How Consumers Will Get Their Holiday Shopping Groove
November 27, 2020

The holiday shopping season — which normally would be  “officially” kicking off as soon as the Thanksgiving dishes are cleared — is going to be quite a bit different than it has ever been before in 2020. It’s one that’s difficult to predict, as evidenced...