Tapping Into 120 Million Traveling Wallets
You’re a retailer, beset by the twin problems of brick-and-mortar and fickle U.S. consumer spending. Picture 625 million wallets, ready to open for the right retail experience. Of that, picture 120...
View ArticleCurrent State of U.S. Consumer Confidence
Since the recession of 2008, the retail industry has been in constant flux and has seen a mere two percent expansion over the last eight years. Currently, the hot news being discussed are the numbers...
View ArticleLow-Cost Retailers To Get Most Lift From Black Friday
The winners on Black Friday may be the big players in low-cost retail. Think Walmart, of course – and others, too. Wall Street research from Jefferies, noted in CNBC.com, said that a slight sliver of...
View ArticleNew Google Shopping Brick-And-Mortar Tools Feature Inventory Lists
Google has announced a variety of new features for Google Shopping designed to boost business for brick-and-mortar merchants. “There are brand new ways for people to find and engage with businesses,...
View ArticleRetail Sales Rise 0.5 Percent In June
Topping off a quarter of strong consumption, Americans spent more at retailers in June than the prior month. The Commerce Department said on Monday (July 16) that retail sales increased by 0.5 percent...
View ArticleRetail Sales Reach $509B In September
Falling short of economists’ expectations, retail store and restaurant sales grew by only 0.1 percent from August to September to reach a seasonally adjusted figure of $509 billion. By contrast,...
View ArticleFive At Five: Apple Slumps In China
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes a new smartphone forecast and Alexa’s ambition to become a nurse. American Express has a new...
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Today In Data: Why Convenience Is King In The Digital Age
While pricing is the battleground retailers often prefer to fight on, the race to the bottom isn’t really the way to consumers’ hearts. Price has power, but convenience often has more. Amazon has...
View ArticleWill Amazon, eBay And Apple Have A Happy Holiday Season?
After Halloween comes the lucrative holiday shopping season — sorry, Thanksgiving, but you’re only a speed bump — but there are serious questions about how happy the fourth quarter will be for some big...
View ArticleCiti Weathers Trading Volatility as Mobile Efforts Gain Traction
Citigroup’s trading business may have been the focus on Monday (Jan. 14) upon releasing fourth-quarter results – injecting a bit of volatility into the numbers – but mobile initiatives and credit...
View ArticleChina Uses Monetary Policy To Cure China’s Economic, Viral Ills
Can monetary policy cure the ills of an economic slowdown caused by the Coronavirus? China may be about to find out. In a series of actions aimed at boosting liquidity (and, by extension, economic...
View ArticleTarget CEO: Inflation Will Take Bite out of Store, Restaurant Trips
Top executives at Target say U.S. customers plan to drive less and combine their shopping into fewer trips, Bloomberg reported Sunday (Jan. 16). This is a response to more expensive gas prices and the...
View ArticleToday in Retail: Valentine’s Day Spending Expected to Near $24B; Harmay...
Today in retail, Dickies embraces virtual fitting to great success while Jana Partners slashed its ownership stake in Macy’s after pushing it to separate its eCommerce business from the...
View ArticleAllbirds, Trove Team on ‘ReRun’ Resale Platform
Allbirds, an eco-friendly clothing and shoe brand, debuted its Allbirds ReRun resale platform Thursday (Feb. 17), a press release said. The release said the platform will operate in partnership with...
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Macy’s Holiday Warning Portends Pressure on Private-Label Card Spending
Macy’s rocky holiday season signals consumers are hesitant to use plastic — particularly private-label cards. Friday after the stock markets closed, the retailing giant issued a press release that...
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Retail Spending’s Headline Rebound Masks Pullback on Discretionary Items
The retail data released Tuesday (May 16) by the Commerce Department shows a reversal in consumer spending after two months of declines. But one headline does not a rebound make. And the more deeply...
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Walmart Brings New Ammunition in Prime Day Battle With Amazon
Last year, Amazon was the clear winner during the dueling events. Will it keep the crown, considering Walmart’s changes? The next battle in the ongoing war between the world’s top two retailers is...
View ArticleConsumers Purchase Groceries at Walmart, Saving Pricier Item Spend for Amazon
Walmart’s strength may lie in its numbers, as its purchase rate far beats its closest competition. In-person shopping beats online in how often consumers shop at the world’s largest two retailers, as...
View ArticleConsumers Looking for Bargains Shopped Amazon Over Walmart in Summer Deal Days
Amazon Prime Days and Walmart+ Week showed high participation this year. Consumers engaged more when they saw better bargains during the world’s top two retailers’ deal days. Data finds that customers...
View ArticleLuxury Retailers Say Slowdown Is a Sign of ‘Normalization’
After going “bonkers” during the pandemic, the luxury retail sector is returning to its baseline. For years, luxury retailers enjoyed a post-pandemic boom thanks to shoppers in China and the U.S. But...
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