Most Recent
MercadoLibre To Expand Electric Fleet After $1.1 Billion Bond Sale
Friday 15th January - 7:55 pmLatin 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 pmIn 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 pmSales 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 pmDespite 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 pmSerial 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 pmThe 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 amAmazon 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 amPYMNTS’ 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 amTrader 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 amTarget 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 amThe 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 amThe 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 amThe 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 amEach 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 amThe 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 ...