article thumbnail

What Walmart’s Resurgence Means For Retail And The “Pays”

PYMNTS

He didn’t think much of math and science — rather unusual given his choice of a profession that uses complicated math formulas to communicate. Accomplished public intellectual and post-Keynesian economist John Kenneth Galbraith was well-known for four things. His economic principles were what inspired President Lyndon B.

Retail 54
article thumbnail

Mastercard Names Raj Seshadri President Of Data And Services

PYMNTS

Retail in recent years has become a very data-intensive industry. In his keynote address to the National Retail Federation (NRF) earlier this week, Microsoft CEO Satya Nadella said the industry as a whole throws off 40 terabytes of data an hour. We can now rethink and reevaluate things with math that we’ve never been able to.”.

Math 52
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

Deliverr Vying To Become ‘Uber’ Of Ground Shipping In eCommerce

PYMNTS

As a result, he decided to create an Uber-like model for logistics that leverages existing carriers and warehouses to help online merchants fulfill orders. Krakaris saw a particular opportunity in serving marketplaces beyond Amazon through retailers like Walmart, eBay and Jet.

article thumbnail

Remote Seller Taxation: A Job For Tax Automation

PYMNTS

Multiply that by around 43 and the dizzying math begins to emerge. A plan backed by the Illinois Retail Merchants Association places the burden on sales tax collection on the marketplaces, which will then settle up with the state Department of Revenue. With the debate now all but over, the real work has begun.

Math 52
article thumbnail

Paytronix CEO Robbins Says DoorDash Still Has A Lot To Prove

PYMNTS

They leverage DoorDash as one channel of distribution among many, not as their sole connection to the digital dining space. But Robbins predicts that by summer, the math is going to look a lot different in terms of the importance of that digital pipeline. Hence, DoorDash is their best option to access the digital consumer.

Math 102
article thumbnail

SmartTag Startup Jiobit Sees $3M Seed Round

PYMNTS

Just recently, Jiobit closed a $3 million seed funding round with investors including Lior Ron, the cofounder of Otto (now owned by Uber); MATH Venture Partners; and Inflection Equity. Jiobit hopes to change that with its flagship tracker by leveraging wireless technology and machine learning that adapts to a child’s daily behavior.

article thumbnail

 The Amazon/Walmart Whole Paycheck Tracker: Rethinking And Realigning

PYMNTS

The news follows big next-day delivery announcements from both Walmart and Amazon — in a week where both retailers had a lot of news about repositioning themselves in the market and reporting some pretty major changes. retail sales. It is a complicated question — and one greatly dependent on how exactly one lays out the math.