VCFO

JUNE 2, 2023

Navigating a New Era of Retail – Three Financial and Operational Factors The market and operating environments of retail businesses have undergone dramatic transformations since the turn of the millennium; transformations that accelerated significantly more with the outset of the COVID pandemic.

Retail 66

Retail Finance Leverage Technology 66

PYMNTS

SEPTEMBER 30, 2020

And in business-to-business (B2B) payments, adopting automation for accounts receivable (AR) takes the struggle out of manually following up on overdue payments. Target ’s “Deal Days” are set to compete day-to-day with Amazon’s proprietary holiday , which was confirmed just hours before Target’s. All this, Today in Data.

Accounting 52

Accounting Retail B2B Numbers 52

The Charity CFO

JANUARY 13, 2022

But accounting for in-kind donations presents its own unique challenges. In this article, we’ll dig into how to account for in-kind donations on your nonprofit’s books. Why accounting for in-kind donations matters. Accounting for in-kind donations isn’t just important; it’s required for many nonprofit organizations. .

Nonprofit 98

Nonprofit Accounting GAAP Accounting Principles 98

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

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

CFO Share

MARCH 13, 2023

Managing accounts payable is critical for any business to maintain healthy cash flow and vendor relationships. Financial ratios are essential tools that help companies evaluate their financial performance, including their ability to manage accounts payable effectively. What is accounts payable in ratio analysis?

Accounts Payable 40

Accounts Payable Accounting Prioritization Healthcare 40

PYMNTS

FEBRUARY 19, 2019

Account takeovers are becoming bigger business for criminals — or, at least, the business of preventing account takeovers in the digital retail and payments realm is becoming an increasing focus of companies and security experts. Account Takeover Growth.

Accounting 47

Accounting Retail eCommerce Securities 47

PYMNTS

APRIL 15, 2020

Walmart is hoping customers will sign up for its Walmart MoneyCard to create a direct deposit account to access the government stimulus payments being sent out this week, touting waived fees and quick access, according to an emailed press release. The retail giant said the process would be safe, easy and affordable. in the release. .

Accounting 98

Accounting Retail Banking 98

PYMNTS

JUNE 17, 2020

The dramatic consumer shift to Digital 3.0 — predicted months ago by the PYMNTS COVID-19 tracker work — is accounting for almost half of the retail growth in the US. It found that eCommerce growth as of May 1 was up 68 percent, surpassing 40 percent of total retail sales. Overall Chinese retail sales of consumer goods dropped 2.8

eCommerce 92

eCommerce Retail Sales Forecasting 92

PYMNTS

SEPTEMBER 4, 2020

But in other ways, it was business as usual, as the two biggest retailers in the world – Walmart and Amazon – posted stellar earnings numbers and competed in more muted ways for the U.S. The eCommerce giant accounted for 3.2 percent of total retail) and the results are significant, considering Amazon’s revenue base.

Retail 99

Retail eCommerce Sales Numbers 99

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

AUGUST 5, 2020

In retail technology, Yotpo is helping brands capture the digital shift by making a compressed marketing stack for online shopping. Social shopping is the newest hot trend fueled by the pandemic, as new startups are emerging and established brands such as Macy’s are catching up to capture this area. All this, Today in Data.

Retail 105

Retail Startups Banking Numbers 105

PYMNTS

NOVEMBER 9, 2020

“We are essentially taking glass doors that were probably underutilized and not asking the retailer for any additional physical space.”. From a business standpoint, we believe that things like sales lift are obviously a really important metric,” Dravenstott said, “and you don't hear that much in brick and mortar retail.

Retail 110

Retail Advertising Manufacturing Sales 110

PYMNTS

JULY 14, 2020

As the United States experiences a coin shortage due to the pandemic, some brick-and-mortar retailers are forcing consumers to tell cashiers to “keep the change.”. Not only will those customers give the grocers some personal information in doing so, but they’ll presumably revisit the retailer in the future to spend their unused change.

Retail 116

Retail Accounting 116

PYMNTS

SEPTEMBER 3, 2020

And in many places, for the first time, our retailers are open to it. Narlinger said that stored value exists all over the commerce landscape — in rewards or loyalty accounts currently holding points, frequent flyer miles or stars. They're seeing this as an opportunity to change and shift.”. Unlocking Stored Value . Can we unpack it?’

Retail 115

Retail Sales Leverage Economics 115

PYMNTS

MAY 16, 2019

Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. The news comes amid yet another online retail cyberattack, this one targeting Japan’s Fast Retailing, the company that owns the Uniqlo retail chain.

Retail 87

Retail eCommerce Securities Accounting 87

PYMNTS

JANUARY 20, 2021

Google Cloud is rolling out Product Discovery Solutions for Retail, a new suite of services that will use artificial intelligence (AI) and machine learning (ML) to help eCommerce firms deliver personalized consumer experiences during a shopping journey’s initial phase. "As Vision API Product Search.

Retail 83

Retail Prioritization eCommerce Leverage 83

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

PYMNTS

JUNE 29, 2020

The Palo Alto, California startup said the no-fee account is the company’s latest move to build a next-generation banking service that is branchless, automated and optimizes every dollar. A debit card can now be added to the Wealthfront Cash Account to make purchases and get cash from a nationwide network of fee-free ATMs. percent.

Accounting 60

Accounting Startups Banking Investments 60

PYMNTS

NOVEMBER 8, 2019

If so, one can probably remember the fantastical predictions that, before too long, brick-and-mortar retail would go the way of the horse-and-buggy. Physical retail may be going through some tough times. It should almost feel like you are walking in a live Instagram account,” she said when describing the ideal SHOWFIELDS experience.

Retail 41

Retail Accounting Sales eCommerce 41

PYMNTS

DECEMBER 16, 2020

Digital sports entertainment and gaming industry platform DraftKings — known for its top-rated daily fantasy sports and mobile sports betting apps — today announced an agreement with InComm Payments , a global leading payments technology company, to launch an industry-first retail gift card. . DraftKings reported on Friday (Nov.

Retail 92

Retail B2C Entertainment Accounting 92

PYMNTS

JANUARY 19, 2021

Findings from PYMNTS Retail Banking Services’ Paradigm Shift speak volumes about the shifts happening in customer preference, and how FIs can capitalize on new information formats. There’s a reason that bank apps and websites ask, “was this information helpful?”. Often as not the answer is “no.” Irrelevant, Ill-Suited Info.

Accounting 78

Accounting Education Banking Retail 78

PYMNTS

AUGUST 7, 2020

For retailers, it’s better to be hot in 2020 than top. The National Retail Federation (NRF) said on its blog this week that the Hot 100 Retailers, while vulnerable to mergers and acquisitions, as a group is more stable than the Top 100 Retailers ranking, as stores are impacted by the unpredictability of COVID-19.

Retail 57

Retail eCommerce Sales Economics 57

PYMNTS

APRIL 9, 2020

said it plans to put many of its retail staffers on leave. Ulta Beauty said its retail locations would remain shuttered up to the time that it is safe to open them again. The company also said it would keep taking into account guidance from local, state, and federal authorities about when to open the stores again. .

Retail 90

Retail eCommerce Planning Accounting 90

PYMNTS

SEPTEMBER 16, 2020

Retail sales increased in August to $537.5 Most of the retail categories saw improvements last month. Most of the retail categories saw improvements last month. General merchandise retailers saw sales increase to $60.3 June saw total retail sales rise to $524.3 retail and foodservice firms. . billion, up 0.6

Sales 87

Sales Retail Economics Accounting 87

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. Every retailer has what’s known as an ‘All Hazard Plan.’ Chinese retailers are being hit hard.

Retail 75

Retail Planning Accounting 75

PYMNTS

SEPTEMBER 16, 2020

And in retail, companies in the organic mattress space are running on a tri-brid business model that covers direct to consumer (D2C), third-party retail distribution and owned retail locations. 31%: Increase in account takeovers year over year. 31%: Increase in account takeovers year over year.

Retail 56

Retail Banking Numbers Accounting 56

PYMNTS

SEPTEMBER 15, 2020

To that end, in China, retail data showed consumers snapped a seven-month streak decline. Retail sales posted their first gain amid the pandemic. All told, though, even with the positive reading last month, in China year to date, retail sales are down 8.6 percent year to date, and now account for roughly 24.6

Retail 68

Retail Sales Economics Accounting 68

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

FEBRUARY 24, 2020

Another bankruptcy; another week of trying to sort out the problems at retail. simply has too many stores to support them all and the “retail apocalypse” is simply as natural as a snake shedding skin. 24) report on the Pier 1 bankruptcy and retail bankruptcies in general. square feet of retail space for every consumer.

Retail 67

Retail Leverage Sales eCommerce 67

PYMNTS

NOVEMBER 25, 2020

Power and LMC Automotive forecasts that new vehicle retail sales for November 2020 will drop slightly from the same month the prior year, according to a Wednesday (Nov. Retail sales for new automobiles are forecast to be 1.04 percent drop from November of last year when selling days are taken into account. 25) press release.

Forecasting 56

Forecasting Sales Retail Economics 56

PYMNTS

JULY 24, 2020

and Canadian online grocery delivery service, blamed reused passwords for the recent account hacks that led to the theft of its customers’ personal data that landed on the dark web. Instacart advised customers to select unique, strong passwords for their accounts that they do not use on any other apps or websites as an extra precaution.

Accounting 75

Accounting Communication Numbers Securities 75

Future CFO

OCTOBER 7, 2021

Southeast Asia emerged as the fastest-growing online retail market globally, crossing US$50 billion and registering an increase of 53% in 2020, said Forrester recently when releasing a report on online retail. . Indonesia, the largest market in the region, accounts for about half of the total e-commerce market; it grew by 50% in 2020.

Forecasting 52

Forecasting Retail Accounting Sales 52

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

MARCH 15, 2019

Anxieties that automation will replace humans have waned in the accounting sector, as industry players begin to realize that technology can actually help accountants play a more important role for their small business (SMB) customers as advisors and guides, rather than replacing their roles outright. Tax reform in the U.S.

Accounting 77

Accounting Accounting Firms Auditing Budgeting 77

PYMNTS

JANUARY 2, 2019

Online glasses retailer Warby Parker was hit by a cybersecurity attack that affected about 198,000 of its customers from late September to late November, according to reports. The hackers stole usernames and passwords and tried to access accounts. Retail hacking is a frequent problem for large companies.

Accounting 74

Accounting Securities Retail Numbers 74

PYMNTS

JANUARY 15, 2021

In the inaugural QR Code Payments Tracker® , PYMNTS explores the latest in the world of QR codes, including new implementations at retailers and payment providers, the security concerns facing this payment method, and the pandemic’s effect on the development and rollout of QR code-enabled payment options. Retail Environment.

Securities 82

Securities Retail Sales Accounting 82