Barry Ritholtz
DECEMBER 11, 2023
billion in retail inventory losses in 2021 was not “attributable to organized retail crime.” That line is just another in a long series of falsehoods put forth by the professional b *s at the National Retail Federation. This costs retailers anywhere between $15-20 billion annually in the US. No, “ nearly half ” of $94.5
PYMNTS
APRIL 15, 2020
Department of Commerce released its retail sales results for March, showing record-setting declines due to changes in consumer behavior and the COVID-19 lockdown. With some analysts estimating a 4 to 24 percent drop the number was surprisingly low. Overall sales fell 8.7 percent from March, the biggest decline since 1992.
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CFO News Room
NOVEMBER 15, 2022
Slumping markets have investors pulling back from funding startups that make internet-connected devices for retailers, threatening to choke an innovation pipeline for emerging tools like smart shopping carts and inventory management robots. billion—with notable exceptions in areas like security and connected vehicles—outpacing a 22.2%
PYMNTS
APRIL 3, 2019
Simply showing what the lowly, mundane, terribly average phone number can do in terms of securing transactions, onboarding and other tasks vital to the daily lives of digital consumers. Enter the phone number – which, as Meier told Webster, is possessed by more than 95 percent of people in the U.S. Verification Trends.
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.
PYMNTS
DECEMBER 20, 2016
Unattended retail will be a $275 billion-a-year industry in three years. Which Mike Keegan, CEO of Transaction Network Services , said can only spell trouble for consumer adoption unless consumers are convinced that interacting with them digitally is totally secure. Data Point Number One: 61 percent.
PYMNTS
NOVEMBER 26, 2020
Social Security Administration, for example, requires recipients using its website to provide unique eight-digit codes sent via text to their smartphones in addition to their usernames and passwords when they sign up or log in. . That number appears to be rising, too, as just 37 percent of consumers said the same last year.
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