Remove Economics Remove Numbers Remove Retail
article thumbnail

New Levels Of Retail Earnings And Payment Challenges

PYMNTS

COVID-19 and the ensuing economic downturn has caused B2B payment challenges to reach a new level. And in retail, Amazon ’s earnings were off the charts by any metric, and they didn’t come from cost-cutting. And in retail, Amazon ’s earnings were off the charts by any metric, and they didn’t come from cost-cutting.

Retail 94
article thumbnail

Big Week Ahead For Retail Data

PYMNTS

Prepare for a big week of retail data, all of it unprecedented in light of the COVID-19 pandemic. Starting with the Commerce Department retail sales data on Wednesday, retailers will get a sense of how much consumers are spending and the retailers they are spending with. For retailers, there are no surprises from March.

Retail 86
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Retail Sales: Rough Days Ahead At The Register?

PYMNTS

Four consecutive months into positive consumer spending trends, one wonders if there might be — indeed must be — a lull, a pullback that might indicate a tougher road ahead for retailers headed into the all-important holiday spending season. In term of headline numbers, the U.S. percent over June). percent month over month.

Sales 96
article thumbnail

Retail sector accounted for 16% of UK administrations in 2023, analysis reveals

Accountancy Today

The retail sector accounted for 16% of administrations in the first six months of 2023 – the highest industry in the UK, according to analysis by full-service law firm Shakespeare Martineau. Retail, manufacturing, construction, hospitality and real estate were the worst-hit sectors, accounting for 57% of all administrations.

Retail 98
article thumbnail

What Holiday Retail Will Look Like In 2020

PYMNTS

Retailers are trying to make themselves as ready as possible, given the highly unpredictable nature of the COVID-19 era’s commerce environment. “I But Alford said that with economic uncertainty and competition for online customers currently off the charts, that number could easily go even higher this year.

Retail 97
article thumbnail

Asia’s Race For Talent

Global Finance

As of October 31, 2023, the number of foreign workers in Japan reached a record high of 2,048,675, marking a 12.4% and the wholesale and retail sector at 12.9%. Each country has adopted distinct strategies to address these challenges, with varying degrees of success. Japan has had restrictive policies on low-skilled foreign labor.

article thumbnail

Lord & Taylor Joins Retail Bankruptcy Watch

PYMNTS

The retail bankruptcy watch intensified Tuesday (April 21) as the department store sector was hit by reports of yet another major player looking at that option. Lord & Taylor, now joining Neiman Marcus, is considering a bankruptcy filing as the COVID-19 lockdown continues to decimate non-essential retail. billion in sales.

Retail 88