PYMNTS

DECEMBER 24, 2020

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. They and others have succeeded because they entered the market independent of traditional retail, and because their business model fit the needs of the pandemic.

Retail 118

Retail eCommerce Numbers Transportation 118

Musings on Markets

NOVEMBER 10, 2022

In this post, I will revisit Facebook's most recent earnings report, and argue that while it contained disappointing news on growth and profitability, the bad news was exaggerated by systematic inconsistencies in how accountants categorize expenses, skewing earnings and invested capital down in firms that don't fit the accounting prototype.

Accounting 74

Accounting Advertising Valuation Investments 74

PYMNTS

NOVEMBER 22, 2020

Despite a recent surge in coronavirus cases, retailers are fighting for a rework and loosening of shopping restrictions before Black Friday and the holiday season. Retailers that sell essential items alongside their other products have been labelled “essential,” giving them an unfair advantage over other stores, some allege.

Retail 108

Retail Sales Accounting Planning 108

PYMNTS

JANUARY 6, 2021

If the high-level concept is that merchants will accept and banks will issue, in terms of mechanics, the CoDi platform lets users with savings accounts at participating financial institutions to make wire transfers through their phones by scanning merchants’ QR codes or wielding devices at on-site NFC terminals.

Banking 145

Banking Planning Accounting Currencies 145

Spreadym

MARCH 12, 2023

For example, a retail company clothing may categorize its items by type of product, by location of the shop, by distribution center that supply several or so on. Categorization is important because it helps company define items for planning and budgeting more easily.

Budgeting 52

Budgeting Technology Planning Strategic Planning 52

PYMNTS

APRIL 9, 2020

said it plans to put many of its retail staffers on leave. All furloughed staffers who are in company benefit plans will stay enrolled, according to an announcement. . Ulta Beauty said its retail locations would remain shuttered up to the time that it is safe to open them again. TJX Companies Inc. ,

Retail 90

Retail eCommerce Planning Accounting 90

PYMNTS

FEBRUARY 11, 2020

retailers are concerned about a supply chain problem. While no direct evidence has been presented for a supply chain interruption from China, a new Wells Fargo report says concerns are rising among retailers. Sixty percent of those companies are planning a work-from-home policy for their staff.

Retail 75

Retail Planning Accounting 75

PYMNTS

OCTOBER 13, 2020

Shoppers may be quick to take their business elsewhere if these demands are not met, with 66 percent of respondents saying they had at least once given up opening accounts due to poor experiences. The offering supports merchants’ onboarding and verifying new users as well as securing their accounts. Read more in the Tracker.

Accounting 69

Accounting eCommerce Securities Leverage 69

Jedox Finance

JANUARY 13, 2023

Why is it so difficult to build an operational plan that not only keeps pace with changing priorities but also adds meaningful business value? The answer is simple: most organizations use financial planning solutions that lack the adaptability, integration, and simplicity that high-performing teams need to collaborate effectively.

Planning 52

Planning Prioritization Forecasting Budgeting 52

PYMNTS

MAY 14, 2019

Japan’s Fast Retailing, the company that owns the Uniqlo retail chain, said that data from upwards of 460,000 customer accounts was compromised by hackers from April 23 to May 10, according to a report by CNBC. The news affected the company’s stocks, which dropped about 0.6 percent in afternoon trading in Tokyo.

Accounting 65

Accounting Retail Securities Planning 65

PYMNTS

SEPTEMBER 21, 2018

To break into the brick-and-mortar world, some digitally native retailers have opened shops inside department stores. At the same time, that business now accounts for half of the retailer’s revenue. Crate & Barrel , the home decor retailer, is reportedly adding a full-service restaurant to its Chicago store.

Retail 49

Retail Planning Entertainment Numbers 49

PYMNTS

DECEMBER 4, 2020

The hot new thing in “Big Retail” is offering in-house advertising on your website to your vendors – because why get paid only once on a purchase if you can get paid twice? In short, retailers get paid to place the ad, and then get paid again when the merchandise is sold. Enormous Potential.

Retail 86

Retail Advertising Manufacturing CFO 86

PYMNTS

JULY 31, 2020

That has led to the growing need for designers and retailers to personalize shopping experiences, and that’s the sweet spot for AI. For retailers the concept of taxonomy — naming and classifying items — has been transformed by AI. For retailers the concept of taxonomy — naming and classifying items — has been transformed by AI.

Retail 66

Retail Manufacturing Technology Accounting 66

PYMNTS

JULY 15, 2020

In the automotive arena, sellers have implemented third-party technology such as virtual retailing to enable a completely digital vehicle sales process. 57.9% : Share of credit-centric revolvers who are interested in payment plans for large purchases. 39%: Amount by which virtual retailing use increased in June.

Technology 52

Technology Retail Sales Numbers 52

PYMNTS

JUNE 9, 2020

In today’s top news, insurance tech startup Lemonade filed an IPO, and Affirm launched a high-yield savings account. Plus, retail dispute management firm Chargeback raised $6.6 Affirm Unveils High-Yield Savings Account. Affirm has debuted a high-yield savings account called Affirm Savings. InsurTech Lemonade To Go Public.

Accounting 52

Accounting Healthcare Startups Retail 52

PYMNTS

SEPTEMBER 18, 2020

In today’s top news in digital-first banking, ClearBank has begun offering multicurrency bank accounts through an application programming interface (API), and LoanDepot is considering going public. ClearBank Introduces Multicurrency Bank Accounts. LoanDepot is considering going public five years after scuttling plans to do so.

Accounting 57

Accounting Foreign Exchange Banking B2B 57

PYMNTS

JUNE 14, 2019

A number of retailers have recently seen a surge in eCommerce sales. Now, it’s easier in some ways to be a late mover,” in retailing online, Sucharita Kodali, a retail analyst at Forrester Research, said in an interview, according to CNBC. percent increase.

eCommerce 59

eCommerce Retail Sales Leverage 59

PYMNTS

JUNE 18, 2020

is comprising nearly half of the retail growth in the U.S. 15,000: Minimum count of merchants or brands that are offering or plan to offer BNPL. 85%: Proportion of retail sales that stores accounted for as of 2019. 16%: Percentage by which Chinese online retail sales are projected to rise for the year as a whole.

Retail 52

Retail eCommerce Economics Sales 52

PYMNTS

MAY 6, 2020

Retail must, and will, change following the coronavirus, with consumer behavior shifting from brick-and-mortar to eCommerce and merchants making adjustments to their inventory selections and safety measures. The retailer intends to open its approximately 800 North American retail locations again in May. Gap Inc. , Gap Inc. ,

Retail 57

Retail eCommerce Numbers Accounting 57

PYMNTS

MARCH 1, 2019

shareholders over the scandal involving its bank employees opening up millions of unauthorized customer accounts. The shareholders in the settlement were led by pension plans in Alabama and Colorado, with their lawyers noting that this is largest insurer-funded cash settlement in a U.S. 28) with the federal court in San Francisco.

Accounting 59

Accounting Banking Securities Retail 59

PYMNTS

SEPTEMBER 23, 2019

Microsoft announced that it is launching two new software solutions to give traditional retailers the ability to track customers and improve service. The two new solutions — Dynamics 365 Connected Store and Dynamics 365 Commerce — were created to help businesses transform the retail experience.

Retail 49

Retail B2C Analyzing Data B2B 49

PYMNTS

MAY 11, 2020

Speaking at a virtual conference about the future of money, European Central Bank (ECB) executive board member Yves Mersch said a retail central bank digital currency (CBDC) is a game-changer. “A However, a retail CBDC, accessible to all, would be a game-changer, so a retail CBDC is now our main focus.”.

Retail 52

Retail Currencies Banking Financial Systems 52

PYMNTS

NOVEMBER 21, 2020

So it’s good to see some major retailers giving back for the holiday. To claim the offer, consumers must first download and register with the app and then add the free Thanksgiving dinner offers to their Ibotta account. Plan a super spread,” it read. That would cut 7.3 million contract workers off from income, while another 4.6

Retail 71

Retail Advertising Accounting Economics 71

PYMNTS

JUNE 13, 2019

Retail is getting more visual, and that stands to be the case for locally-focused merchants as they compete for attention and consumer dollars with the likes of Amazon and Walmart. Indeed, augmented reality is among the tools that local retailers look ready to adopt for further use. Contextualizing Commerce.

Retail 72

Retail eCommerce Technology Numbers 72

PYMNTS

MAY 29, 2019

It’s not often that one gets to see a new form of retail emerge, but that’s what’s happening with, of all things, legal recreational cannabis. So far, this retail is taking a form that is big, feminine and even a bit luxurious. The retailer said it is launching The High End, a luxury cannabis lifestyle and wellness concept shop.

Retail 74

Retail Leadership Advertising Education 74

CFO News Room

FEBRUARY 5, 2022

Asking the Future Retail ’s 27 lenders to take a “realistic approach”” while reconsidering their decision, the Supreme Court on Tuesday asked them to explain in two days as to why they should not be restrained from declaring the Kishore Biyani firm as a defaulter for failing to pay their loan dues to the tune of Rs 3,494.56

Retail 130

Retail Banking Accounting Finance 130

PYMNTS

SEPTEMBER 19, 2019

So goes Amazon, so goes most of the rest of the retail world, with the eCommerce operator’s influence also extending to payments. 19) unveiled the company’s plan to tackle climate change – a plan designed to meet goals set by the Paris climate agreement, but a decade ahead of schedule. We might soon find out. Bezos’ Message.

Retail 67

Retail eCommerce Planning Sales 67

PYMNTS

JANUARY 15, 2019

15) that it now enables customers to instantly fund a brokerage account with Apple Pay via an Apple Business Chat in the Messages app on iPhone and iPad. With the new service, an investor’s account can be funded instantaneous through Apply Pay. TD Ameritrade, the Omaha, Nebraska online brokerage, announced Tuesday (Jan.

Accounting 57

Accounting Technology Retail Investments 57

PYMNTS

JULY 6, 2020

billion in stock, and Amazon is planning to expand its Amazon Go grocery stores in several cities. Amazon Plans to Expand Grocery Stores Across the US. The Vicious Circle of Physical Retail Meets the Virtuous Circle of Digital. In today’s top news, Uber has agreed to buy Postmates for $2.6 in an all-stock deal worth $2.65

Planning 52

Planning Auditing eCommerce Accounting Firms 52

PYMNTS

OCTOBER 3, 2016

Though for a few years there it really looked like it might simply become retail standard, it seems that starting the Thanksgiving weekend sales crush on Thanksgiving may fizzle out after all. According to reporting over the weekend, an increasing number of big retailers are actually taking the national day of thanksgiving off.

Retail 87

Retail Sales Numbers Accounting 87

PYMNTS

JULY 8, 2016

Like most things in retail, though, Target’s pledge to be more receptive to consumer tastes as far as product design goes puts more pressure on its manufacturing partners to deliver.

Retail 40

Retail Planning Budgeting Manufacturing 40

PYMNTS

DECEMBER 27, 2019

In today’s top news in payments, Amazon applied for a patent for hand recognition software, and retail sales reached new heights thanks to record online spending. Also, China is planning to build its blockchain cross-border pilot program. Mastercard: Holiday eCommerce Nearly 15 Pct Of Retail Sales. percent from last year.

Sales 52

Sales Retail Accounts Payable Foreign Exchange 52

PYMNTS

MAY 9, 2019

In today’s digital economy, with shopping as easy as the tap of a finger on a smartphone screen, brick-and-mortar retail businesses have no choice but to innovate to keep and grow their clientele. PYMNTS surveyed more than 500 retailers in the food and accommodation sector to gauge their innovation readiness. For example, 75.6

Planning 79

Planning Entertainment Retail Technology 79

PYMNTS

JUNE 2, 2020

The past several months have been largely defined in the retail world by merchants and brands making quick digital pivots to stay afloat in an environment that’s gone from “digital sometimes” to “digital mostly.”. When selling online became the only game in town, retailers across the board got very seriously digital overnight.

Retail 57

Retail Advertising Economics Finance 57

PYMNTS

NOVEMBER 20, 2019

To provide a soundtrack for brick-and-mortar retail stores, Apple has been quietly testing out an Apple Music version for use in business, including at Harrods and Levi Strauss & Co. Apple Music for Business has landed 25 accounts in its half a year of operation. The tech company has teamed with PlayNetwork Inc.,

Retail 43

Retail Accounting Planning Marketing 43

PYMNTS

OCTOBER 10, 2018

By some accounts, the 2018 holiday season is going to be a bang-up year for retailers. retailers are expected to increase 4.8 percent this year, according to the National Retail Federation (NRF) — well above the 3.9 percent growth seen by the retail market one year ago. retailers are expected to increase 4.8

Retail 48

Retail Economics Sales Accounting 48

PYMNTS

DECEMBER 27, 2018

In addition, Japan’s FamilyMart plans to roll out a mobile payment service, Khalti teamed up with food delivery company Foodmandu for digital payments in Nepal and FitBit Pay is waiting for Reserve Bank of India (RBI) clearance in India. In addition, it was reported that shoppers could connect a credit card to their accounts.

Planning 46

Planning Retail Marketing Banking 46