Today In Data

Today in Data: Amazon’s Powerful Presence

Amazon is a powerful presence in the retail industry. There’s no doubt about the magnitude of the effect it has had on retail and the players in it. Almost every day in the news cycle, there is a mention of the eCommerce giant, whether it’s one of their own announcements or someone comparing an aspect of the retail industry to it.

Whether it’s driving increased digital sales, inducing worry among brick-and-mortar competitors,  upping the ante on instant pick up kiosk expansions, or finding innovative ways to pay for its acquisitions, Amazon is helping shape the retail world, and it doesn’t appear to be slowing down any time soon.

Here are the numbers from Amazon’s impact this week:

0.6 percent | Amount of increased retail sales in July, according to the U.S. Commerce Department

11.5 percent | Amount of increased year-over-year sales for non-store merchants

3+ percent | Amount Home Depot’s shares dropped for the last quarter, which analysts attribute to Amazon

5 | Number of markets Amazon is expanding its Instant Pickup service, which includes Los Angeles; Atlanta; Berkeley, Calif.; Columbus, Ohio; and College Park, Md.

$16 billion | Amount of senior unsecured notes Amazon is offering up in a private sale to help pay for its $13.7-billion Whole Foods acquisition

 

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New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

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