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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Retail
Retail
One might assume Amazon is the world’s largest e-commerce marketplace and you’d be wrong according to a new report by Digital Commerce 360. Alibaba’sTmall is world’s second-largest marketplace While $2.03 trillion was spent globally on the top 100 online marketplaces in 2019, Amazon managed to ...
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Hey Amazon Prime, meet your new membership neighbor – Walmart+. Walmart’s new paid membership program is a direct shot across the bow at e-commerce competitor Amazon Prime and it should provide some interesting competitive benefits for online shoppers. While Walmart is not yet releasing details, ...
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It was inevitable. You can get pretty much Anything-as-a-Service thanks to the cloud. That includes payments, banking, insurance, investment advice, cloud storage, clothing, groceries, and now coffee. That’s right. Coffee-as-a-Service, for just $8.99 a month, courtesy of Panera Bread. Right now, millions of impoverished students ...
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While retail sales started the year on a positive note in-store and online, the threat of Coronavirus is now having a measurable impact on retail sales in addition to the earlier impact on the supply chain from China. Despite the smirking denials on FOX News ...
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Walmart really is a tale of two channels. Annual sales grew 1.9%, reaching $524 billion for the fiscal year 2020 as the company wrestled with the same overhead and profit challenges of many of its retail competitors. The good news is e-commerce sales rose substantially ...
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US consumers are expected to spend more than $27.4 billion this year on Valentine’s Day, an increase of 32% from last year. That’s enough to make many retailers’ hearts grow fonder for sure. The National Retail Federation (NRF) said US retail sales grew 2.7% in ...
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They’ve tried drone deliveries of Slurpees and now 7-Eleven is testing a completely cashierless store at its Irving, Texas headquarters. The fast-food giant announced the pilot in a news release saying a 700 sq ft, non-traditional convenience store is now operating and available for employees ...
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Amazon over-delivered in its Q4 earnings results big time. The online giant reported earnings of $6.47 per share vs analyst expectations of $4.03 per share. It also outperformed on revenue with $87.44 billion, up 21%, compared to market expectations of $86.02 billion. The company said ...
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It’s the end of January. Do you know where your gift cards are? An important question for both retailers and consumers. Surprisingly, only 38% of consumers will likely have used their holiday gift card after one month and by the end of the year, as ...
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