McKinsey’s new research report, with insight on shifting consumer sentiment over a five-week timeframe of the global pandemic in 42 countries is an eye-opener. Researchers gauged consumer sentiment between the week of April 2 through the week of May 3 and what they found was ...
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Retail
Retail
Fraud prevention and payments leader Forter is closely monitoring the buying trends of consumers and the incidence of fraud during the pandemic and looking ahead to the future. Forter’s May 2020 report on e-commerce purchase trends provides both hope and strategic intelligence for online merchants ...
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US Department of Commerce statistics showed a worst-ever record 9% decrease in April 2020 US retail sales as COVID-19 stay-at-home orders hit the retail sector hard. One small bright spot was a 20.5% increase in non-store channels, primarily online sales, the second-largest ever recorded. Online ...
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Global fraud prevention company Forter is tracking weekly online spending and the results during the COVID-19 crisis have proved fascinating. Based on Forter data tracking in the past several weeks and looking ahead to Mother’s Day, e-commerce sales look encouraging in several sectors including jewelry ...
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While most US small businesses are shut down, unable to operate online, and facing possible permanent closures, some companies have seen dramatic sales growth during the coronavirus pandemic. Initially, in March, consumers reacted with panic buying of essentials such as medical products, hand sanitizers, toilet ...
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The week raced by with payments, fintech and e-commerce news from around the world mostly revolving around coronavirus with some interesting standouts in addition. Here are the key payments industry stories you need to know. Is the coronavirus killing off cash?Tech firms see the opportunity ...
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It’s a sad reality that so many businesses have closed, laid-off employees, seen massive revenue decreases, and suffered other harsh impacts from the coronavirus pandemic. Many businesses have been forced to go into crisis management and survival mode as a result. But some companies are ...
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Other than hospitals, no one is harder hit than retailers around the world and online. Merchants face growing challenges with their supply chain, overwhelming consumer demand or lack of demand, forced closures by some governments, decreased shopping by many consumers, and hoarding of products by ...
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While US payments, fintech, and e-commerce are our focus, we tend to look globally for insight and business intelligence. Six weeks ago we took an early look at the incidence of coronavirus and its impact on key business sectors we cover. We decided to reexamine ...
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We’ve got our usual Friday weekly roundup of global payments news. The theme this week is COVID-19 and it’s growing impact on business evident in the lineup of stories below. First, the markets were in absolute pandemic pandemonium with no other apparent trigger for a ...
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