PYMNTS

DECEMBER 14, 2020

The pandemic was the common element in every economic look back or for that matter, any look forward. As seen in the Mastercard Economic Institute’s Economy 2021 report, both governments and businesses have faced a tough and transformative year. For example, census data shows that 74 percent of new retail businesses created in the U.S.

Economics 106

Economics Retail eCommerce Banking 106

CFO News

JANUARY 7, 2024

Balancing these risks is essential for optimal outcomes in diverse economic landscapes. Ashish Goyal, Co-founder & CFO of Fibe, explores the critical decision fund managers face between duration and credit risk in financial management.

Credit Risk 105

Credit Risk Retail CFO Economics 105

PYMNTS

SEPTEMBER 30, 2019

State governments began rolling out economic nexus laws after 2018’s South Dakota vs. Wayfair ruling. These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing.

Economics 43

Economics Retail Advertising eCommerce 43

PYMNTS

OCTOBER 1, 2020

1) after the first major data report of the fourth quarter showed a continuation of America’s recent economic woes. New figures from the Bureau of Economic Analysis showed that personal income fell 2.7 It’s a quandary, experts say, that will partly depend on retailers’ efforts meeting customers where and how they want to shop.

Economics 95

Economics Retail Forecasting Securities 95

PYMNTS

JANUARY 15, 2019

With the possibility of a potential recession looming, among other factors, retailers may be rethinking major decisions. At National Retail Federation’s Big Show in New York on Monday (Jan. And Hunter noted that, among other factors, retailers are having a harder time getting workers than before.

Economics 46

Economics Retail Investments Sales 46

PYMNTS

AUGUST 15, 2019

After a week of uncertainty pushed by lackluster results, particularly among department store retailers, along with uncertainty over U.S.-China China trade relations, the markets got some good news in the form of July retail sales figures. July retail sales saw a 0.7 percent increase, according to reports on Thursday (Aug.

Economics 40

Economics Sales Retail Forecasting 40

PYMNTS

DECEMBER 23, 2020

Liu Xiangdong, a deputy director of the China Center for International Economic Exchanges in Beijing, told CNBC that China has not seen large-scale bankruptcies of small businesses. The Asian economic powerhouse is expected to be followed by South Korea at 1.6 so far this year. percent growth during the period), then Turkey (0.4

Economics 69

Economics Forecasting Retail Sales 69

CFO Dive

FEBRUARY 13, 2023

Online fashion retailer ASOS swapped interim CFOs as it attempts to fend off economic headwinds and boost profitability.

Planning 242

Planning CFO Economics Retail 242

PYMNTS

MAY 15, 2020

The experts were expecting a weak retail sales report when the numbers hit the wires earlier today (May 15) – but even in an environment of diminished expectations, the number reported by the Census Bureau was a disappointment. Year on year, retail sales fell 21.5 We have never seen economic data like this before in history.”.

Sales 92

Sales Retail Economics Forecasting 92

PYMNTS

JANUARY 14, 2021

economy posted slight gains in the pandemic year of 2020, after closing the books on what was one of the most dismal economic fallouts in history, according to the Federal Reserve’s Beige Book report on Wednesday (Jan. Low real estate inventories combined with rising construction costs caused the continued rise of housing market prices.

Economics 63

Economics Construction Transportation Manufacturing 63

PYMNTS

NOVEMBER 10, 2020

Singles’ Day as an Economic Barometer. Rather, it has become a closely watched economic barometer of consumer and economic strength within China, which has the world’s second-largest economy, second only to the United States. In the future, if you’re a company in retail, you will do livestreaming.”. told CNBC.

Economics 62

Economics eCommerce Sales Retail 62

PYMNTS

JUNE 10, 2020

Motivating a change in consumers or retailers is not always easy work, a reality evidenced by the plodding pace of contactless payments in the U.S. That has motivated a sea change as brands and physical retailers are working to rebuild their consumer experiences around digital, she said. Widening the Range Of eGifting’s Capability.

Retail 59

Retail Economics Entertainment Currencies 59

PYMNTS

JANUARY 11, 2021

retail rents falling in many locales by percentages even greater than those seen in or after the 2007-08 Great Recession. These decreases are historic,” the Real Estate Board of New York wrote in a new report showing that average Manhattan retail asking rents fell in all of the island’s 17 retail corridors during autumn.

Retail 82

Retail Economics Forecasting Sales 82

PYMNTS

MAY 22, 2020

The world’s second-largest economy is opting not to set any economic growth forecasts due to the continued economic uncertainty triggered by the global coronavirus pandemic. China reopened the country in April and some local governments and retailers offered billons of yuan worth of vouchers to get people to start spending again.

Economics 61

Economics Forecasting Retail 61

PYMNTS

NOVEMBER 30, 2020

retail banking operations after four decades trying to build a strong presence in the country, the Financial Times (FT) reported. FT based its report on unnamed sources, stating the bank is weighing "a complete exit from retail banking in the U.S. The situation is serious enough that exiting retail banking in the U.S.

Retail 93

Retail Banking Economics Investments 93

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.

Economics 63

Economics Retail Numbers 63

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.

Retail 94

Retail B2B Economics Numbers 94

PYMNTS

MAY 20, 2020

Coca-Cola CEO James Quincey said he is not anticipating a fast economic rebound now that the world is reopening for business. It is more likely the economy’s recovery post-pandemic will be more of a U- or “extended U”-shape, not a “V-shape” with a quick bounce back to normal, he told CNBC on Wednesday (May 20).

Economics 91

Economics Entertainment Budgeting Forecasting 91

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. The start of U.S. And in consumer spending, PYMNTS polled U.S. 85 percent: Approximate share of U.S.

Economics 52

Economics Retail Numbers 52

PYMNTS

DECEMBER 8, 2020

Over 110,000 restaurants have shuttered since the start of the COVID-19 pandemic and another 500,000-plus establishments are in an "economic free fall," the National Restaurant Association said in a letter to Congress. The survey included 6,000 restaurant operators and 250 supply chain businesses Nov.

Economics 90

Economics Sales Retail 90

CFO News

MARCH 21, 2023

Flagging concerns around sticky retail inflation, the RBI in its monthly bulletin said that the consumer price inflation in India remains high and the core inflation is continuing to defy the distinct softening of input costs.

Retail 52

Retail Economics Banking Marketing 52

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

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

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 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

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

Future CFO

JANUARY 24, 2023

Retail sales in China is expected to recover after the lifting of Covid-19 restrictions but is likely to be bumpier than those in many other major economies, said Fitch recently. year-on-year contraction in retail sales in December 2022, which led to a 0.2% The surge in infections in China is reflected in the 1.8%

Sales 52

Sales Retail Leverage Economics 52

PYMNTS

MAY 22, 2020

If you want to know whether stimulus checks are working to rebuild the economy, just ask the world’s largest retailer. The Coronavirus Aid, Relief and Economic Security (CARES) Act provided income-eligible taxpayers with a $1,200 check, or $2,400 for couples. Walmart U.S. I think it helped,” Furner told The First Trade, Yahoo!

Sales 84

Sales Retail Nonprofit Economics 84

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. percent hit.

Retail 63

Retail Treasury Economics Sales 63

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. Census Bureau reported that retail sales in August were up 60 basis points over July.

Sales 96

Sales Retail eCommerce Economics 96

PYMNTS

OCTOBER 12, 2020

The average daily sales for retail, food and beverages was 4.9 It had been anticipated, however, that spending across the luxury industry could shrink by as much as 45 percent overall through 2020, due to the economic impacts of the lingering coronavirus. billion yuan ($155 million) over the same period in 2019. percent from 2019.

Economics 52

Economics Sales Retail 52

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

JUNE 11, 2020

But Lawrence Alan Kudlow, director of the National Economic Council and a top White House advisor, and Mark Meadows, President Donald Trump’s chief of staff, are among the fiscal conservatives who oppose additional handouts. million as leisure and hospitality, construction, education and health services, and retailers added jobs.

Economics 53

Economics Treasury Construction Education 53

PYMNTS

JULY 2, 2020

Downtowns everywhere from Maine to California are dealing with varying degrees of economic and existential pain as a result of the pandemic, but nowhere is the pain as acute as in college towns. Their economic activity has tended to insulate college towns from the swings of the business cycle,” says a report in The Hill.

Economics 57

Economics Construction eCommerce Retail 57

PYMNTS

JANUARY 19, 2021

Chuck Huang, founder and CEO of Citcon , explores how the pandemic has prompted retailers to capitalize on the surge in demand for contactless, digital payments. "As Progressive retailers have paved the way for this with email collection at registers, enabling them to connect their customers’ behavior in-store with them online.

Retail 84

Retail eCommerce Economics Marketing 84

PYMNTS

JUNE 29, 2020

Retailers looking for the shape of an economic recovery have had several letters to choose from. There’s nothing in the economic toolkit that addresses the coronavirus,” Berson told PYMNTS. There are things in the economic toolkit that address inflation. If you don’t forecast, what are you going to do?

Forecasting 52

Forecasting Retail Economics Sales 52

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