Retail
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MercadoLibre To Expand Electric Fleet After $1.1 Billion Bond Sale
Friday 15th January - 7:55 pm
Latin American eCommerce giant MercadoLibre has sold $1.1 billion in bonds to expand its fleet of electric-powered delivery vehicles.
“We’re seeing positive results, and adoption of electric vehicles within our network ...Roblox, Digital-First Shopping, QR Codes Top This Week’s News
Friday 15th January - 4:05 pm
In this week’s news, we saw Roblox’s plans to go public through a direct listing, consumers’ preferences for a digital-first shopping experience and the rising popularity of quick-response (QR) codes. ...Pandemic Raises A Glass To Non-Alcoholic 'Mocktails'
Friday 15th January - 3:35 pm
Sales of alcohol soared during the early weeks and months of the pandemic, but a wellness vibe seems to be taking hold as “mocktails,” once a meager category, experiences a ...Holiday Sales Shot Up 8.3 Pct In 2020
Friday 15th January - 3:20 pm
Despite the ongoing pandemic, retail holiday sales were 8.3 percent higher in 2020 than in 2019, surprising even the National Retail Federation (NRF).
The 8.3 percent jump was double the 3.5 ...Marc Lore Retiring From Walmart To Create City Of The Future
Friday 15th January - 2:06 pm
Serial entrepreneur and Jet.com Founder Marc Lore is retiring as Walmart’s CEO of eCommerce to help startups and write a book while pursuing his passion of developing a city of ...Pandemic Surge Slows Consumer Spending; December Retail Sales Drop
Friday 15th January - 1:20 pm
The momentum of the new pandemic surge was too much for consumer spending to overcome, according to new data released Friday (Jan. 15). With infection rates climbing, consumers tightened the ...Amazon Introduces Alexa Custom Assistant For In-Car Apps
Friday 15th January - 11:02 am
Amazon unveiled Alexa Custom Assistant on Friday (Jan. 15), a product that allows companies to create customized artificial intelligence (AI) assistants to match their “brand personality” and meet their clients’ ...Whole Paycheck Tracker: Amazon, Walmart Gain Q3 eCommerce Sales, But Lose Share Of Total Spend
Friday 15th January - 11:00 am
PYMNTS’ latest Walmart vs. Amazon Whole Paycheck Tracker found that the two retail giants did something unusual during the third quarter: They either remained flat or lost ground in the ...Why Trader Joe’s, Dollar General And Instacart Will Pay Workers To Get Vaccinated
Friday 15th January - 11:00 am
Trader Joe’s, Dollar General and other companies that employ thousands of front-line hourly or gig workers have announced plans to pay bonuses to those who get the new COVID-19 vaccines.
“We ...Digital Technologies Drive Innovation In Retail, Payments
Friday 15th January - 11:00 am
Target crushed online commerce and reported decent in-store sales volume for the holidays, while Urban Outfitters and Nordstrom had weak in-store traffic that even fairly positive online volume couldn’t surmount. In retail technology, Toshiba Global Commerce Solutions’ new ...Hudson To Add Amazon’s Just Walk Out Technology To Its Popular Airport Convenience Stores
Friday 15th January - 11:00 am
The Hudson Group plans to add Amazon’s Just Walk Out technology to some of the popular convenience stores the chain operates at more than 1,000 North American airports, train stations ...Census: December 2020 Advance Monthly Sales Drop 0.7 Pct
Friday 15th January - 10:15 am
The U.S. Census Bureau reported on Friday (Jan. 15) that advance estimates of U.S. retail and food services sales for December 2020 fell 0.7 percent from November 2020 but they ...Latest Research: Vaccines May Cure ‘Pandenomic’ Slump And Fill Stores Again — By 2022
Friday 15th January - 9:30 am
The latest installment in PYMNTS’ ‘Pandenomics’ study series is Mapping Digital-First Consumers’ Return to the Physical World, the “Why Digital-First Behaviors Are Here to Stay” edition. It explores correlations between ...How The Pandemic Underscores The Digital-First Startup Strategy
Friday 15th January - 8:00 am
Each organization laid out its own path to reconcile with the sudden impacts of the pandemic earlier last year.
For larger firms, investment in digital-first solutions took on a new priority ...Deep Dive: How Online Retailers Kept Fraudsters From Having A Merry Little Christmas
Friday 15th January - 7:45 am
The holiday shopping season is the most wonderful time of the year for the retail industry.
Brick-and-mortar merchants and online retailers alike often rely on end-of-year sales to generate up to ...Digital Wallet Flips The Script On Payments Friction
Friday 15th January - 4:00 am
A year ago, as 2019 was turning over into 2020, the distinction between card-present transactions and card-not present transactions was highly relevant in the world of commerce. As 2020 is ...Decoding QR Codes: Retailers Embrace Simple, Secure Touchless Payments Option
Friday 15th January - 4:00 am
The use of QR codes is growing more popular in the United States, enabling consumers to instantly access information and easily pay on their smartphones without going through a URL ...Today In Retail: Ethan Allen Projects 44.9 Pct Retail Written Orders Growth; Christopher & Banks Files For Chapter 11
Thursday 14th January - 5:12 pm
In today’s top retail news, Ethan Allen Interiors anticipates reporting retail segment written orders growth of 44.9 percent from the prior year for the company’s second quarter, while Christopher & ...Shopping Apps Switch It Up In Latest PYMNTS Provider Ranking
Thursday 14th January - 5:03 pm
Much has changed in the world since we last checked in on PYMNTS Provider Ranking of Shopping Apps, and there’s much to report in the January 2021 edition.
Winter gifting holidays ...Grocery Roundup: Walmart, Tesco Meet The New Digital Consumers
Thursday 14th January - 4:18 pm
Grocery shopping has become a very different animal in the last year as consumers have radically altered their shopping preferences. Once a weekly physical activity relegated to weekends by the ...Britain’s Finest Restaurants Are Making Takeout A Way Of Life
Thursday 14th January - 4:07 pm
As Britain hunkers down into yet another lockdown, its finest restaurants are adapting to takeout and delivery as a way of life.
The Wall Street Journal reports that several of London’s ...Apple Pay Teams Up With Panera On Free Coffee Deal
Thursday 14th January - 2:20 pm
Apple is betting the lure of free coffee will help boost use of Apple Pay.
Customers who subscribe to MyPanera+ Coffee can get four months of coffee for free if they ...Petco’s IPO, New Name Highlights Surging Pet Commerce Category
Thursday 14th January - 12:44 pm
With “renewed clarity” and “reignited vision,” shares of Petco began trading on Thursday (Jan. 14) after the owner of 1,500 pet stores completed its third IPO in 27 years, while ...Why Target Crushed Holiday Sales While Nordstrom And Urban Outfitters Flopped
Thursday 14th January - 11:00 am
The 2020 holiday shopping season is shaping up to be a tale of two kinds of retailers. While Target crushed eCommerce and even reported decent in-store sales volume, others like ...Emerging Developments In Malls, Logistics And Digital Commerce
Thursday 14th January - 11:00 am
Some closed or struggling shopping malls are being reinvented as headquarters or campuses for companies. In pandemic commerce, small to medium-sized businesses (SMBs) that have embraced the digital shift have come across a business ...Nike Sues More Than 1,000 Websites And Other Parties Over Alleged Counterfeiting
Thursday 14th January - 11:00 am
Nike is suing 589 websites, the owners of 676 social media accounts and more than 100 unidentified companies and individuals for allegedly selling counterfeit versions of its Nike and Converse ...Ethan Allen Expects 44.9 Pct Retail Written Orders Growth
Thursday 14th January - 10:42 am
Ethan Allen Interiors Inc. anticipates reporting retail segment written orders growth of 44.9 percent over the prior year for its Q2, which concluded Dec. 31, 2020, according to a press ...Christopher & Banks Seeks Chapter 11 Bankruptcy
Thursday 14th January - 10:05 am
Women’s clothing retailer Christopher & Banks Corporation has voluntarily filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of New Jersey, according to a Thursday ...Holiday Returns Binge Begins As Consumers Fault Order Errors, Late Delivery
Thursday 14th January - 9:30 am
Don’t bask in the afterglow of all those holiday receipts just yet. Because, well … returns.
Inaugural digital-first winter gifting season that it was, merchants and payments processors the world over ...The Diamond Industry Polishes Its B2B eCommerce Strategy
Thursday 14th January - 8:00 am
Like so many industries today, the diamond sector continues to struggle with supply chain digitization. The process of B2B procurement between diamond vendors and jewelry retailers is often stuck on ...How Swap.com Kept Fraudsters From Ruining Christmas
Thursday 14th January - 7:45 am
The post-holiday season is a busy time for consignment stores — making it a busy time for cybercriminals as well. And as new threats emerge, foiling fraud takes more than ...Petco’s $864 Million IPO Beats Forecasts
Thursday 14th January - 7:06 am
Petco raised $864 million in an initial public offering (IPO) scheduled to start trading on Thursday (Jan. 14), Bloomberg reported.
The San Diego-based pet care chain is pricing its 48 million ...Connecticut AG Launches Antitrust Probe Into Amazon’s eBook Business
Thursday 14th January - 6:42 am
Connecticut Attorney General William Tong is launching an antitrust probe into how Amazon runs its eBook business, the Wall Street Journal (WSJ) reported on Thursday (Jan. 14).
Connecticut’s inquiry is just ...New Toshiba Commerce System Offers Retailers ‘Amazon Go At Scale’
Thursday 14th January - 4:03 am
For many retailers, the digital shift was hobbled by legacy IT systems and integration complexities. Toshiba Global Commerce Solutions CEO Rance Poehler told Karen Webster that its new commerce platform, ...Department Stores Continue Slide As Nordstrom Reports 22 Pct Holiday Drop
Wednesday 13th January - 9:11 pm
Showing the continued struggles of retail stores in the pandemic era, Nordstrom reported a 22 percent net sales decline for the nine-week holiday period that ended Jan. 2, according to ...Girl Scouts Get Their Digital-First Merit Badge
Wednesday 13th January - 6:01 pm
Arguably the best culinary time of the year is approaching as the Girl Scouts are once again peddling their delicious wares to the general public. Over the next few weeks ...Apple Unveils Over $60 Million In Projects To Support Racial Equity
Wednesday 13th January - 4:04 pm
Apple is contributing $25 million to a new tech education hub in Atlanta to support Historically Black Colleges and Universities (HBCUs) and is building an Apple Developer Academy in Detroit ...Thrasio Seeks Bigger Acquisitions After Landing $500 Million In New Financing
Wednesday 13th January - 3:43 pm
Digital consumer goods company Thrasio said it plans to go on the hunt for even larger eCommerce companies to acquire on the heels of its latest financing deal.
Thrasio announced this ...Poshmark IPO Puts Spotlight On reCommerce
Wednesday 13th January - 1:47 pm
The 2021 initial public offering (IPO) season is off to a fast start for the payments and commerce business, including an expected filing next week from reCommerce platform Poshmark. The ...Auto1 Online Car Marketplace Plans To Go Public
Wednesday 13th January - 12:44 pm
Berlin-based Auto1 Group said on Wednesday (Jan. 13) that it plans to go public in the first quarter of this year. Auto1 serves both consumers and dealers.
The company said in ...Today In Retail: Walgreens To Launch Co-Branded Cards; Big Lots Reports Rise In Quarter-To-Date Comp Sales
Wednesday 13th January - 12:42 pm
In today’s top retail news, Walgreens is growing its financial services offering with the help of Mastercard and Synchrony, while Big Lots, Inc. said it has seen quarter-to-date comp sales ...Hot Affirm IPO Points To Rising Competition And Demand In BNPL Segment
Wednesday 13th January - 12:24 pm
It’s been almost 10 years since PayPal co-founder Max Levchin launched Affirm, but the provider of buy now, pay later (BNPL) installment loans officially joined the ranks of the publicly-traded ...Dollar General Offers Workers Extra Pay For Getting COVID-19 Vaccine
Wednesday 13th January - 11:32 am
What should retailers do to lure skittish customers back into their stores? Dollar General Corp. has reportedly come up with a solution: Offer employees the chance to get vaccinated on ...Epic Games And Google Are Turning Dying Malls Into Corporate Campuses
Wednesday 13th January - 11:00 am
Struggling or shuttered shopping malls are sometimes redeveloped into medical buildings, multifamily residences and even Amazon distribution centers, but some are finding new life as headquarters or campuses for major ...General Motors Unveils Electric Truck, Electric Pallet And Software For ‘First- To Last-Mile Delivery’
Wednesday 13th January - 11:00 am
General Motors is launching a new division called BrightDrop to offer what the automaker describes as an entire “ecosystem” of software, services, electric trucks and other equipment to provide shippers ...
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