New York City, the country’s largest, became the third US city to banish cashless-only transactions following similar bans in San Francisco and Philadelphia as well as the ban imposed by the state of New Jersey. Critics have long claimed cashless-only transactions disadvantage the poor, the ...
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Retail
Retail
While overall retail sales grew during this year’s holiday season, it was mostly online sales that delivered results with in-store sales stagnant or down in most department stores and retail outlets. Super Saturday sales, the last Saturday sales day before Christmas, reached a record $34.4 ...
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The spirits and beverage industry is being disrupted just like the payments and financial world. Craft beers have displaced Bud and Miller. Craft distilleries are doing the same with tequila, vodka, rum, and other hard spirits. And of course, boutique wineries have thrived for years ...
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There’s a costly hitch to the happy e-commerce sales estimated at $138.5 billion for 2019. CBRE Group and Optoro estimate the cost of product returns from US online customers during the busy holiday season could reach $41.6 billion. The cost of this reverse logistics problem ...
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Online grocery shopping is a growing trend that major retailers have already zeroed in on, offering everything from dairy and produce to packaged foods and other goods. You may (or may not) have noticed this trend depending on where you live. People living in bustling ...
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The results are all in except for the exchanges and gift returns and Cyber Monday set record US online sales of more than $9.4 billion, up 19.7% over last year, according to Adobe Analytics. Even more noteworthy was the $3 billion spent using smartphones on ...
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Black Friday broke record online sales in the US with $7.4 billion purchased by online shoppers according to Adobe Analytics which highlighted three trends: • Average order value grew 5.9% over Black Friday last year to a record of $168. • Smartphones accounted for 39% ...
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Knowing that time is at a premium on this holiday weekend, we’ll just rattle off a few quick holiday sales headlines with links and you can pick what you want to read while you enjoy your leftover Thanksgiving turkey sandwich. Tasty! That would pretty much ...
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It’s already over, except for the actual holiday sales according to the pundits and analysts and there’s not a turkey among them. Here’s a quick snapshot of who’s predicting what for Black Friday through Cyber Monday as well as the entire 2019 holiday sales season. ...
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Don’t be too fast to write off bricks and mortar retailers during this holiday shopping season. According to new research from Experian, 52% of consumers will shop in a retail store this year compared with 26% who plan to shop online and 22% on their ...
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