Dillard’s surprised the department store industry by posting a profit as it rode cost controls and inventory management. In eCommerce, Walmart’s ability to keep capturing the digital shift and expand in the digital-first economy will be a key trend to watch for in its coming earnings report. And in technology, digital identity offerings...
Alibaba’s Singles’ Day online shopping event set a new record for performance. In luxury retail, Cartier has made an investment in Farfetch, while Burberry’s earnings showed a return to sales growth. And in payments innovation, COVID-19 has rapidly accelerated the global shift to digital eCommerce, as safety-minded shoppers can be seen tapping contactless cards. All...
Target and Ulta are teaming up on a “shop-in-shop” concept, as the cosmetics business continues its pandemic-fueled evolution. In eCommerce, the Singles’ Day shopping event in China, which was four days long this year, is coming out ahead of expectations. And, in business-to-business (B2B) payments,...
Simon Properties keeps defying the odds, registering a pandemic-depleted yet profitable Q3. The mall and outlet center real estate investment trust posted a profit even without filling all of its space or collecting all of its rents. In cross-border payments, a number of features can go a long...
Cooler Screens is replacing traditional glass doors with high-definition, multi-functional video screens that create a new revenue stream for merchants. In merchant innovation, consumers are increasingly beginning their shopping trips online, and a growing number are deciding to finish their journeys there. And in disbursements,...
Amazon, Walmart and Apple are pursuing subscription business, months after Apple announced its Apple One bundled offering in June. Peloton’s fiscal Q1 2021 performance exceeded expectations with rises in total revenue, connected fitness subscriptions and digital subscriptions. And in the back office, accounts payable (AP) and accounts receivable (AR) automation efforts are becoming more commonplace...
In the age of the great consumer digitization, the fact that payments will go digital is not a question. What consumers want to know now is how fast can it be done, how customizable is the service, and how safely their funds will flow on the...
The country is in the middle of a large migration from traditional brick-and-mortar to digital commerce, with consumers moving from dining in eateries to ordering online or via app. Noodles & Company, for its part, has implemented enhancements such as curbside pickup. In technology, private peer-to-peer (P2P) blockchain networks can...
The automotive market is surging amid COVID-19, and companies such as Carvana are reaping the benefits. Carvana has been an innovator in the space, with its high-profile vending machines in multiple major markets. And in recurring payments, the subscription commerce sector appears to be weathering the economic storm, and could even...
