PYMNTS

JANUARY 28, 2021

By the numbers, convenience stores are America’s gas stations. For convenience store chains and independents, fuel is a razor-thin business. It also represents a chance for convenience stores to embrace advanced payments technology and contactless payments, which have been accelerated by the pandemic. They account for 63.7

Sales 124

Sales Communication Technology Securities 124

The Reformed Broker

SEPTEMBER 2, 2022

This week, Michael Batnick, JC Parets, and Downtown Josh Brown discuss JC’s latest treasure trove of charts, Bitcoin as a store of value, what Buffett has been buying, and much more! The post Store of Value appeared first on The Reformed Broker. Bonus: Michael reacts to breaking NBA news! Listen here: Apple podcasts.

Marketing 52

Marketing 52

PYMNTS

OCTOBER 1, 2020

As major retailers get ready for a wave of October holiday shoppers, store design and safety is still top priority. The new Walmart in-store design starts with an invitation to a digital experience. The days of lazily strolling through store aisles are over, at least for a while,” it said.

Retail 101

Retail Investments Numbers Marketing 101

PYMNTS

JULY 2, 2020

If department stores survive this pandemic, July 1, 2020 will almost certainly mark the point where the format reached one of its darkest days. s biggest department store, was laying off corporate and store personnel and would soon start closing stores. What will be the fate of department stores? percent over 2019.

eCommerce 98

eCommerce Retail Sales Economics 98

CFO News

OCTOBER 30, 2023

stores over a two-year period. The enhancements include improved store layouts, expanded product selections, and the addition of new technology. Walmart is investing over $9 billion to modernize and upgrade its U.S.

Investments 52

Investments Technology 52

PYMNTS

JUNE 15, 2020

The largest brick-and-mortar retailer in the United States is replacing its traditional, cashier-staffed checkouts with self-checkout registers at its store in Fayetteville, Ark., If the pilot is successful, Walmart may move ahead with a wider rollout of cashierless stores. according to local news reports.

Sales 112

Sales Retail Numbers Marketing 112

PYMNTS

NOVEMBER 5, 2020

And as compelling as the current eCommerce expansion is, counting out stores is a big miscalculation. Noting the ways COVID has permanently changed retailing, CNBC recently reported , “As more and more stores go dark at the mall, some major retail executives are looking to grow outside of it — a tactic they hadn’t touted so publicly before.

Retail 101

Retail eCommerce Planning 101

PYMNTS

MAY 22, 2020

Amid the ongoing spread of the pandemic throughout the country, Ross Stores, Inc. The retailer said it wasn’t reporting comparable-store sales, as its shops were open for less than seven weeks of the 13-week period, per an announcement. Ross Stores also registered a loss per share of 87 cents compared to earnings per share of $1.15

Sales 96

Sales Valuation Retail Marketing 96

PYMNTS

OCTOBER 11, 2020

9) denied a request by Epic Games to make Apple reinstate Epic's Fortnite game on its App Store before a lawsuit Epic brought against Apple is resolved at trial, according to The Wall Street Journal (WSJ). She also noted that Epic chose to breach its agreement with Apple with the result that Apple excluded Fortnite from the App Store.

Technology 104

Technology Marketing 104

PYMNTS

SEPTEMBER 10, 2019

While in many places, the “best” time of day for a trip to the grocery store is a matter for debate, for some shoppers in Finland, the answer is easy. and midnight – when grocery “happy hour” begins at S-market’s 900 stores around the nation, at which point grocery items that are scheduled to expire at midnight tumble into deep-discount mode.

Nonprofit 99

Nonprofit Advertising Marketing Retail 99

CFO News

SEPTEMBER 14, 2023

Hamleys, which was acquired by Reliance Brands in 2019, plans to establish itself as a focal point in Milan and will also open a flagship store in Rome. The iconic toy retailer currently operates in 15 countries with 191 stores worldwide.

Retail 52

Retail Planning 52

PYMNTS

JANUARY 21, 2021

In the bid to hasten their digital transformation, when it comes to innovation , financial institutions (FIs) may benefit from an “app store” approach as they weigh existing and new solutions. The app store approach, he said, can help solve some of what’s missing along banks’ digital pivots — namely, transparency and standardization.

Banking 121

Banking B2B Leverage Technology 121

PYMNTS

AUGUST 28, 2020

While a judge may not settle the dispute between Apple and Epic Games for months, the computer giant pulled the Fortnite maker’s games from the App Store on Friday (Aug. In response, Apple said it would end Epic’s access to the App Store on Friday (Aug. 28), 9to5Mac reported. 28) arguing that Epic violated Apple’s rules.

Marketing 90

Marketing 90

PYMNTS

OCTOBER 5, 2020

Wool footwear brand Allbirds is wagering on physical retail stores despite the coronavirus. We think [shopping in stores] is going to come back,” Zwillinger said. In October, the firm will open its 22 nd retail location in its home state of California. More locations will come in 2021, per Co-founder Joey Zwillinger , as noted by FT.

Retail 102

Retail Investments Sales Marketing 102

PYMNTS

SEPTEMBER 29, 2020

Some convenience stores and restaurants have seen their revenues dented by 60 percent or more in recent months, Paytronix CEO Andrew Robbins told Karen Webster. Such developments have restaurateurs and convenience store owners getting more aggressive about holding onto their customer bases.

113

113

PYMNTS

SEPTEMBER 30, 2020

30) unveiled a new store design intended to evoke walking through a well-signed airport, with the goal of adding a digitally inspired feel to in-person shopping. We developed simple yet thoughtful designs to replicate these navigation efficiencies, which will help us move customers through the store more quickly.".

Marketing 75

Marketing Retail 75

PYMNTS

DECEMBER 8, 2020

The Rakuten In Store Network has turned on offers in Google Pay, allowing users of the payment method to receive cash back on promotions connected to their cards for eCommerce and brick-and-mortar purchases, according to a Tuesday (Dec. In separate news, Klarna has debuted Google Pay for in-store purchases in the U.S. 8) announcement.

eCommerce 95

eCommerce Retail 95

PYMNTS

OCTOBER 1, 2020

As criticism of the app stores run by Apple and Google heats up in the U.S., India is now reportedly planning to launch its own app store as an alternative. 24) with a goal of pushing for legal and regulatory changes regarding Big Tech’s app stores, in particular. In the U.S., The Times newspaper launched ET Now in 2009.

Nonprofit 90

Nonprofit Economics Startups Planning 90

PYMNTS

NOVEMBER 9, 2020

As COVID-19 continues to modify ideas around how we shop and pay, consumers and B2B buyers are also making choices about where to shop: online or in-store? But expectations have changed dramatically, and shrewd physical store operators need to respond accordingly. The answer is “both,” but there the simplicity ends. With the U.S.

Retail 104

Retail B2B Leverage Sales 104

PYMNTS

DECEMBER 14, 2020

And just weeks after they could open for limited business, malls and department stores are threatened with another nonessential retail shutdown as the virus surge rages on. Department stores, in particular, are taking an uncertain future and applying innovation to their strategies as a make-or-break fourth quarter trudges on.

Economics 89

Economics Retail Forecasting Sales 89

PYMNTS

JANUARY 11, 2021

Apple 's App Store had a good year last year, generating over $64 billion, CNBC reported. The numbers from 2020 seem to suggest that the pandemic had given a strong boost to usage of the App Store, as people quarantined and stayed away from public gatherings to avoid contracting the virus. billion in 2018, according to the report.

Sales 72

Sales Numbers 72

PYMNTS

JANUARY 27, 2020

The new year has not been kind to retail stores around the country, as the trend of accelerating store closings continues, according to a report by Yahoo! Last year, 9,200 stores closed, including locations like Payless ShoeSource, Fred’s, Gymboree and Charlotte Russe. Bed Bath & Beyond will shutter 60 stores as well.

Retail 86

Retail Numbers Finance Marketing 86

PYMNTS

JUNE 26, 2020

The technology firm’s retail staffers will keep helping customers from corporate offices while offering sales, support and education virtually, as investments continue to be made via digital storefronts as well as Windows and Xbox stores, per an announcement.

Education 88

Education Retail Sales Investments 88

PYMNTS

DECEMBER 17, 2020

The convenience store industry has seen a record $21.7 Two major deals and one blockbuster agreement between 7-Eleven and Marathon will see more than 4,000 C-stores change hands in the next several months – and analysts say the mergers and acquisitions don’t appear to be over yet. That’s the biggest C-store deal on record.

Mergers and Acquisitions (M&A) 72

Mergers and Acquisitions (M&A) Investments Planning Retail 72

PYMNTS

FEBRUARY 24, 2020

Macy’s started the year by laying off employees and closing stores. For retailers, it can be as simple as an in-store event or a high-profile design that consumers will travel to visit. Pop-up stores ? It ran a fashion show at 25 stores in March 2019. As 2020 unfolds, the retail business has been dramatically altered.

Retail 84

Retail Entertainment Marketing Economics 84

PYMNTS

JULY 3, 2020

And the pandemic is creating some dark days for department stores domestically and across the pond in the U.K. stores operated by 38 large and medium-sized retailers that fell into administration in the first six months of 2020. All this, Today in Data. Data: 2,123: Number of U.K. 75%: Approximate portion of U.S.

Numbers 80

Numbers Retail Sales 80

PYMNTS

DECEMBER 11, 2020

New York City's famous FAO Schwartz store will be listed on Airbnb for someone to stay in for a night on Dec. For sleeping options, the store boasts a giant sleigh bed and bunk beds with a slide, and Radio.com reports that the family will also get to "go on a shopping spree" at the store, courtesy of Airbnb.

Retail 86

Retail 86

PYMNTS

SEPTEMBER 18, 2020

Don’t tell retail executive Calvin McDonald that construction of brick-and-mortar stores is a thing of the past. told Bloomberg part of his growth strategy includes new stores. In the third quarter of 2019, the company had 460 stores. Those features are key to the company’s store expansion strategy. “If

Construction 70

Construction Retail Startups Planning 70

PYMNTS

JULY 5, 2020

billion for Whole Foods , the online retail giant is planning to open its second automated-checkout grocery store in Seattle’s Eastside neighborhood and is hiring managers for a third store in the city’s Capitol Hill district, The Seattle Times reported. Three years after it paid $13.4 And it’s not stopping there. billion, up 7.7

Planning 88

Planning Invoicing eCommerce Retail 88

PYMNTS

MAY 19, 2020

As it leaned into its digital businesses with its stores closed amid the pandemic, Kohl’s Corporation saw its digital sales rise 24 percent for the quarter and accelerate to 60 percent in April. The executive reported that over 40 percent of digital orders were fulfilled through ship from store and customer pickup in the first quarter.

Retail 94

Retail Sales Planning Securities 94

PYMNTS

JULY 17, 2020

Even with a rise in COVID-19 cases in a number of states, Costco intends to open five new stores prior to September’s close, in addition to two delivery facilities. The new stores will be in Cherry Hill, New Jersey; Bismarck, North Dakota; Saratoga Springs, Utah; Surprise, Arizona and Idaho Falls, Idaho, Acorns reported.

Planning 69

Planning Construction CFO Retail 69

PYMNTS

JUNE 25, 2020

Stores that are reportedly shuttering again include locations at the Houston Galleria, Highland Village, Willowbrook Mall, Memorial City, Baybrook, the Woodlands and First Colony Mall. “We Apple’s stores are usually located in key retail properties. The tech company operates 510 stores throughout the world, per news at the time.

Retail 55

Retail 55

PYMNTS

JANUARY 12, 2021

Just in time for the resolution season, decluttering maven Marie Kondo has officially joined forces with The Container Store to help consumers clean up their acts. The rollout includes sustainably-made organizational boxes, shelves, hampers and more, all for sale at The Container Store. “We

Sales 67

Sales Retail 67

PYMNTS

NOVEMBER 13, 2020

A department store reported a profitable Q3 this week. Dillard II, the 285-store chain achieved a 249-basis-point gross margin improvement for Q3, with ending inventory down 22 percent. Dillard II, the 285-store chain achieved a 249-basis-point gross margin improvement for Q3, with ending inventory down 22 percent.

Sales 71

Sales Retail 71

PYMNTS

JULY 10, 2020

For the startups or early-stage companies, back-to-school sales (if relevant) go well because consumers want to buy online rather than return to the store. In other words, DTC will feed the old boss: department stores. For the licensed DTC group, department stores are a perfect fit because they can accommodate a store-within-a-store.

Planning 72

Planning eCommerce Retail Startups 72

PYMNTS

AUGUST 5, 2020

DoorDash is rolling out digital convenience stores in a bevy of major cities as it ups the ante in the fierce battle for market share in the fast-growing delivery sector. The digital stores are owned and curated by DoorDash, with thousands of different items provided by local convenience stores, restaurants and supermarkets.

Startups 62

Startups Retail Planning Marketing 62

PYMNTS

OCTOBER 12, 2020

The New York Times has a new theory about the rapid rise of curbside pickup: Consumers really, really miss going to the store — and picking up curbside gives them a reason to get out there, even if they never make it through the front door. Curbside pickup] is kind of a hybrid where you’re getting the best of both worlds,” Chen noted.

Retail 95

Retail Sales Numbers 95