PYMNTS

AUGUST 3, 2020

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

Retail B2B Economics Numbers 94

PYMNTS

APRIL 13, 2020

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

Retail Sales Numbers Economics 86

PYMNTS

MARCH 17, 2020

economic recovery is likely approximately six weeks away, if China’s experience with the coronavirus provides lessons learned. 47 percent: Share of retailers expected to take a revenue hit due to the coronavirus. 42: Number of stores Apple has reopened in China. The start of U.S. And in consumer spending, PYMNTS polled U.S.

Economics 52

Economics Retail Numbers 52

PYMNTS

JULY 17, 2020

retail and economic recovery is still facing serious headwinds. retail sales, which exceeded forecasts in June. Retail spending increased 7.5 What was not clear was the effect stimulus funds made on retail spend. But the May and June spikes returned retail sales levels to pre-pandemic numbers.

Retail 63

Retail Treasury Economics Sales 63

PYMNTS

APRIL 12, 2020

Cuban’s comments came from the angle of economics, and he said people likely wouldn’t come back spending lots of money, so the recovery could be slower on that front, too. The unemployment numbers, however, are continuing to rise, with over 6 million new unemployment filings for each of the past two weeks.

Economics 63

Economics Retail Numbers 63

PYMNTS

SEPTEMBER 30, 2020

Retailers across Europe, the Middle East and Africa will be able to post ads for free on Google’s Shopping tab starting in mid-October. The offer also extends to retailers who are already paying to place ads on Google’s Shopping tab , wrote Matt Brittin, president of Google’s operations in Europe, the Middle East and Africa.

Retail 78

Retail Advertising Economics Numbers 78

PYMNTS

SEPTEMBER 17, 2020

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

Sales Retail eCommerce Economics 96

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

APRIL 21, 2020

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

Retail Treasury Finance Communication 88

PYMNTS

JULY 24, 2020

Britain’s stores have become the envy of the retail world. Reuters reports retail sales returned to near pre-COVID-19 lockdown levels last month when so-called non-essential stores in England reopened. Combined clothing and footwear sales swelled by 70 percent as retailers put the recent slump in the rear view mirror.

Retail 75

Retail Forecasting Sales Economics 75

PYMNTS

SEPTEMBER 15, 2020

China saw retail sales increase last month for the first time since the COVID-19 outbreak, another sign of the country’s wider recovery. The latest numbers were a surprise as economists had predicted retail sales would be flat. The latest numbers were a surprise as economists had predicted retail sales would be flat.

Sales 64

Sales Retail Economics Forecasting 64

PYMNTS

JULY 10, 2020

Back in late March when the pandemic first started to lock down retailing, PYMNTS published the first in a series of tracking reports showing clear evidence that the overwhelming factor in economic recovery would be one thing: COVID-19 and the ability to mitigate its effects. Again, that scenario is playing out this week.

Retail 60

Retail Economics Healthcare Numbers 60

PYMNTS

JUNE 11, 2020

That number is expected to rise soon as the Federal Reserve Board issues business loans under the Main Street Lending Program. million as leisure and hospitality, construction, education and health services, and retailers added jobs. The labor market may have hit bottom in May,” Powell said.

Economics 53

Economics Treasury Construction Education 53

PYMNTS

NOVEMBER 17, 2020

retail sales rose 0.3 Despite the pandemic’s negative effect on the economy, 2020 retail sales in October were 5.7 September retail numbers were up 1.6 While the readings were slightly weaker than expected across a number of categories, “we’re not taking any strong signal from this report,” Michael Gapen , chief U.S.

Sales 53

Sales Retail Forecasting Numbers 53

PYMNTS

SEPTEMBER 7, 2020

4) jobs report brought good news to the nation’s retail sector as it added nearly one quarter of a million jobs in August. It’s encouraging to see retailers bring back these jobs,” Sonia Lapinsky, a managing director at AlixPartners, the Michigan-based consulting firm, told the newspaper. Last Friday’s (Sept. and Costco Wholesale Corp.

Retail 71

Retail Economics Sales Numbers 71

PYMNTS

JUNE 9, 2020

Physical brick-and-mortar retail was suffering long before the pandemic. Highlights include grocery, retail and contactless, he said. In addition, retailers are searching for more flexible fulfillment options spanning online pickup in store, pickup curbside, and a number of variants of that continuum of reaching end customers.

Retail 92

Retail Sales eCommerce Leverage 92

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 Retail sales for new automobiles are forecast to be 1.04 A joint outlook from J.D. 25) press release.

Forecasting 56

Forecasting Sales Retail Economics 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 in August year over year, indicates economic growth (and exports).

Retail 68

Retail Sales Economics Accounting 68

PYMNTS

NOVEMBER 25, 2019

Wayfair play out for nearly two years, as states unfurl all kinds of economic nexus and marketplace facilitator policies. A large number of companies have decided that [interstate selling] it is not realistic for them, both because of the cost of compliance – there are 12,000 different sales and use taxes in the U.S. —

Economics 52

Economics Sales Compliance Auditing 52

PYMNTS

JANUARY 24, 2020

Retailers such as Gucci and Nike had released new advertising campaigns and merchandise in anticipation of a spending deluge. McDonald’s has halted operations in a number of cities amid the outbreak. The Lunar New Year this weekend will, of course, be a muted event, where consumers had been predicted to spend more than $150 billion.

Economics 52

Economics Transportation Restructuring Currencies 52

PYMNTS

AUGUST 6, 2020

Real estate trends for retailers are back in the news this week, as the pandemic-driven brick-and-mortar market starts to produce new business models and a fair amount of stability. The new business model involves leasing options for the retail sector. retail portfolio valued at $5.9 Example: One of the U.K.’s which owns 32.5

Retail 61

Retail CFO Investments Economics 61

PYMNTS

JUNE 10, 2020

As retail reopens and starts to spur some optimism for the future, a dark number appeared on the scene on Tuesday (June 10). Coresight released a report that says 25,000 retail storefronts will close by the end of the year. There are many reasons that the number seems overly aggressive. First, the numbers.

Retail 52

Retail Data Analysis Numbers Economics 52

PYMNTS

APRIL 14, 2020

But the effort didn’t do much to change how SMBs felt about their odds of surviving the pandemic’s economic impact. 44: Number of states that have moderate to severe lockdowns in place. 44: Number of states that have moderate to severe lockdowns in place. All this, Today in Data.

Economics 56

Economics Sales Numbers Banking 56

PYMNTS

SEPTEMBER 9, 2020

The virus itself is not the only factor in play, however, with the devastating economic downturn and record-high unemployment rates also sharply reducing consumers’ purchasing power and their willingness to make retail purchases. Digital commerce is one of the only truly safe revenue streams available to retailers right now.

Retail 67

Retail eCommerce Leverage Invoicing 67

PYMNTS

MARCH 30, 2020

retail picture is bleak in this time of COVID-19. The Confederation of British Industry (CBI) said on Thursday (March 26) that its monthly survey of retailers showed the weakest outlook since April 2009. The CBI says retail sales volumes will fall sharply to April, with retailers more pessimistic than at any time since April 2009.

Retail 56

Retail eCommerce Budgeting Sales 56

PYMNTS

JUNE 18, 2020

Consumers want to invest in high-end items and home improvement projects to enhance their surroundings even amid economic concerns. is comprising nearly half of the retail growth in the U.S. 85%: Proportion of retail sales that stores accounted for as of 2019. 9M: Number of customers Afterpay has attracted since its U.S.

Retail 52

Retail eCommerce Economics Sales 52

PYMNTS

APRIL 29, 2020

New developments are focusing on supply chain, government activity and infrastructure to improve the customer experience as post-pandemic retail finds its legs. Retailers that sign up for the new program will receive discounts of up to 40 percent on FedEx Ground and 50 percent on FedEx Express services.

Retail 61

Retail eCommerce Economics Investments 61

PYMNTS

AUGUST 28, 2019

In the latest numbers, August came in at 135.1, while the July number was 135.8. While other parts of the economy may show some weakening, consumers have remained confident and willing to spend,” said Lynn Franco, the Conference Board’s senior director of economic indicators, according to CNBC. From where might the drag stem?

Economics 55

Economics Transportation Investments Numbers 55

PYMNTS

APRIL 16, 2020

Wednesday’s Commerce Department retail sales figures showed in no uncertain terms that consumer spending for non-essential goods has taken a huge hit. In just 10 days, as coronavirus numbers climbed and stores were ordered to shut down, that 29.5 percent) and furniture (26.8 The research sweep of March 6 showed that only 29.5

Retail 56

Retail Economics Numbers Sales 56

CFO News Room

JANUARY 24, 2023

The “right” number of barbecue restaurants is like the right number of varieties of underarm deodorant. Of course, intervention distorts retail markets. Art Carden Art Carden is a Senior Fellow at the American Institute for Economic Research. That’s not my decision to make, however.

Economics 130

Economics Entertainment Compliance Retail 130

PYMNTS

JUNE 10, 2020

As retailers reopen and take stock of new post-pandemic consumer dynamics, the role of industry trade groups is changing. Groups like the National Retail Federation (NRF) focused more on economic forecasts and supply chain issues as other advocacy groups that have taken the fight for more stimulus dollars to Washington, D.C.

Retail 56

Retail Forecasting Communication Education 56

PYMNTS

MARCH 6, 2020

That’s the case with the new employment report from the Bureau of Labor Statistics, which showed that retail jobs held steady between January and February. Manufacturing, mining, wholesale and retail trade, and transportation and warehousing saw little change in employment for the month, the BLS said. Sometimes no news is good news.

Retail 60

Retail Profit and Loss Manufacturing Construction 60

PYMNTS

APRIL 16, 2020

As retailers look for a way out of an unprecedented cash flow crunch, many are slashing prices online and offering free shipping. The move is good for consumers, but for the retailers involved discounting is a double-edged sword. It’s the age-old argument for retail. According to Edited , the number of new styles posted by U.S.

Retail 58

Retail Profit and Loss Valuation Sales 58

CFO News Room

JANUARY 21, 2023

after CEO Sundar Pichai announced the company will lay off 12,000 employees and explained in a memo that the company “hired for a different economic reality than the one we face today.” Nordstrom — Shares of the retailer fell 7% in premarket trading after Nordstrom announced that its holiday sales fell 3.5% year over year.

Pharmaceutical 130

Pharmaceutical Forecasting Sales Retail 130

PYMNTS

MAY 4, 2020

The great retail resettling is on. However, Texas retail opened for the most part over the weekend, with results that showed consumer behavior to be curious rather than aggressive. The analysis calls into question the timing and merit of the Texas decision to reopen nonessential retail. By May 1, that number had spiked to 1,033.

Retail 64

Retail Economics Numbers Planning 64

Future CFO

DECEMBER 2, 2019

Hong Kong’s retail sector continues its slump, with sales by value shrinking by 24.3% year-on-year in October, a record drop for the city which experienced nine consecutive months of retail contraction. By volume, retail sales plunged 26.2%, according to government numbers. YoY) and September (-40.8%YoY). in September.

Retail 40

Retail Forecasting Economics Budgeting 40

PYMNTS

NOVEMBER 16, 2020

The new combined bank will be the fifth-largest retail bank in the country. US Economic Forecasts Grim Amid Escalating COVID-19. Fears of economic freefall are mounting as the U.S. continues to post an alarming increase in the number of new COVID-19 cases without word of any additional government stimulus.

Economics 57

Economics Forecasting Education Accounting 57