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APRIL 21, 2020

The retail bankruptcy watch intensified Tuesday (April 21) as the department store sector was hit by reports of yet another major player looking at that option. Lord & Taylor, now joining Neiman Marcus, is considering a bankruptcy filing as the COVID-19 lockdown continues to decimate non-essential retail. billion in sales.

Retail 88

Retail Treasury Finance Communication 88

PYMNTS

SEPTEMBER 16, 2020

Retail sales increased in August to $537.5 Most of the retail categories saw improvements last month. Most of the retail categories saw improvements last month. General merchandise retailers saw sales increase to $60.3 June saw total retail sales rise to $524.3 retail and foodservice firms. . billion, up 0.6

Sales 87

Sales Retail Economics Accounting 87

PYMNTS

JUNE 9, 2020

Physical brick-and-mortar retail was suffering long before the pandemic. Highlights include grocery, retail and contactless, he said. In addition, retailers are searching for more flexible fulfillment options spanning online pickup in store, pickup curbside, and a number of variants of that continuum of reaching end customers.

Retail 92

Retail Sales eCommerce Leverage 92

PYMNTS

SEPTEMBER 30, 2020

Retailers across Europe, the Middle East and Africa will be able to post ads for free on Google’s Shopping tab starting in mid-October. The offer also extends to retailers who are already paying to place ads on Google’s Shopping tab , wrote Matt Brittin, president of Google’s operations in Europe, the Middle East and Africa.

Retail 78

Retail Advertising Economics Numbers 78

CFO News Room

DECEMBER 14, 2022

With interest rates already taking a toll on housing, consumer spending and business decisions on hiring and investment remain critical to the economic outlook. The real retail sales indicator improved from a negative trend to a neutral trend. Retail Spending Was Strong in October, but the Trend Is Flat.

Economics 130

Economics Manufacturing Sales Retail 130

PYMNTS

JULY 24, 2020

Britain’s stores have become the envy of the retail world. Reuters reports retail sales returned to near pre-COVID-19 lockdown levels last month when so-called non-essential stores in England reopened. Combined clothing and footwear sales swelled by 70 percent as retailers put the recent slump in the rear view mirror.

Retail 75

Retail Forecasting Sales Economics 75

PYMNTS

JULY 17, 2020

retail and economic recovery is still facing serious headwinds. retail sales, which exceeded forecasts in June. Retail spending increased 7.5 What was not clear was the effect stimulus funds made on retail spend. But the May and June spikes returned retail sales levels to pre-pandemic numbers.

Retail 63

Retail Treasury Numbers Economics 63

PYMNTS

SEPTEMBER 7, 2020

4) jobs report brought good news to the nation’s retail sector as it added nearly one quarter of a million jobs in August. It’s encouraging to see retailers bring back these jobs,” Sonia Lapinsky, a managing director at AlixPartners, the Michigan-based consulting firm, told the newspaper. Last Friday’s (Sept. and Costco Wholesale Corp.

Retail 71

Retail Economics Sales Numbers 71

PYMNTS

OCTOBER 8, 2020

The higher number represents a cooling of summer jobs growth. The new number easily tops the pre-pandemic record high of 695,000 from 1982. One of the factors putting a damper on near-term economic improvement is the rising numbers of COVID-19 cases in the U.S. 19, the most recent data available, was 25.5

Healthcare 114

Healthcare Economics Numbers Sales 114

PYMNTS

JANUARY 28, 2020

McKibbin, who are affiliated with Korea University and The Australian National University, said “just calculating the number of canceled tourist trips, declines in retail trade and similar factors is not enough to get the full impact of SARS” because of the linkages within and between economies and sectors. percent to 4.4

Economics 66

Economics Sales Concentration Retail 66

PYMNTS

APRIL 12, 2020

Cuban’s comments came from the angle of economics, and he said people likely wouldn’t come back spending lots of money, so the recovery could be slower on that front, too. The unemployment numbers, however, are continuing to rise, with over 6 million new unemployment filings for each of the past two weeks.

Economics 63

Economics Retail Numbers 63

PYMNTS

SEPTEMBER 15, 2020

To that end, in China, retail data showed consumers snapped a seven-month streak decline. Retail sales posted their first gain amid the pandemic. All told, though, even with the positive reading last month, in China year to date, retail sales are down 8.6 percent in August year over year, indicates economic growth (and exports).

Retail 68

Retail Sales Economics Accounting 68

PYMNTS

SEPTEMBER 15, 2020

China saw retail sales increase last month for the first time since the COVID-19 outbreak, another sign of the country’s wider recovery. The latest numbers were a surprise as economists had predicted retail sales would be flat. The latest numbers were a surprise as economists had predicted retail sales would be flat.

Sales 64

Sales Retail Economics Forecasting 64

CFO News Room

FEBRUARY 4, 2022

Real Time Economics. The latest economic news, analysis and data curated weekdays by WSJ’s Jeffrey Sparshott. hours, a toll that was worse for some employees who work in-person, directly with customers: Retail workers lost, on average, an hour of work a week, about 3%, compared with December. That comes even though 3.6

Healthcare 130

Healthcare Retail Economics Numbers 130

PYMNTS

MAY 19, 2020

The results reversed a trend from last quarter, where the chain was one of many physical retailers facing a tepid holiday season that missed analyst expectations for sales, comparable-sales growth and earnings across the board. But things have reversed dramatically for the retailer amid the COVID-19 pandemic. percent to $134.6

Retail 88

Retail Restructuring CFO eCommerce 88

PYMNTS

MARCH 10, 2020

In today’s top payment news, retail remains a bright spot in the markets, Ant Financial has rolled out a strategy for digital evolution in China, and the Consumer Financial Protection Bureau (CFPB) filed a suit against a Cincinnati-based bank. Payments Stocks Plummet While Retail Remains A Bright Spot.

Retail 79

Retail Marketing Healthcare eCommerce 79

PYMNTS

SEPTEMBER 9, 2020

The virus itself is not the only factor in play, however, with the devastating economic downturn and record-high unemployment rates also sharply reducing consumers’ purchasing power and their willingness to make retail purchases. Digital commerce is one of the only truly safe revenue streams available to retailers right now.

Retail 67

Retail eCommerce Leverage Invoicing 67

CFO News Room

JANUARY 21, 2023

after CEO Sundar Pichai announced the company will lay off 12,000 employees and explained in a memo that the company “hired for a different economic reality than the one we face today.” Nordstrom — Shares of the retailer fell 7% in premarket trading after Nordstrom announced that its holiday sales fell 3.5% year over year.

Pharmaceutical 130

Pharmaceutical Forecasting Sales Retail 130

PYMNTS

AUGUST 6, 2020

Real estate trends for retailers are back in the news this week, as the pandemic-driven brick-and-mortar market starts to produce new business models and a fair amount of stability. The new business model involves leasing options for the retail sector. retail portfolio valued at $5.9 Example: One of the U.K.’s which owns 32.5

Retail 61

Retail CFO Investments Economics 61

PYMNTS

JUNE 26, 2020

consumer spending skyrocketed in May for the biggest jump on record, but the news was offset by a drop in personal income and the threat of another wave of economic disruption as coronavirus infections surge in the Sunbelt and now in California as well. Consumer spending jumped 8.2 percent in May, the U.S.

Economics 101

Economics Numbers Retail Planning 101

PYMNTS

SEPTEMBER 18, 2020

The ongoing COVID-19 pandemic has had a plethora of effects in addition to its devastating impact on public health, including setting in motion an economic free fall. Government-mandated social distancing and stay-at-home orders have slowed in-person retail sales in many regions and mass layoffs have hindered consumers’ purchasing power.

Economics 103

Economics Entertainment Retail Education 103

PYMNTS

APRIL 29, 2020

New developments are focusing on supply chain, government activity and infrastructure to improve the customer experience as post-pandemic retail finds its legs. Retailers that sign up for the new program will receive discounts of up to 40 percent on FedEx Ground and 50 percent on FedEx Express services.

Retail 61

Retail eCommerce Numbers Investments 61

PYMNTS

MAY 4, 2020

The great retail resettling is on. However, Texas retail opened for the most part over the weekend, with results that showed consumer behavior to be curious rather than aggressive. The analysis calls into question the timing and merit of the Texas decision to reopen nonessential retail. By May 1, that number had spiked to 1,033.

Retail 64

Retail Economics Numbers Planning 64

Barry Ritholtz

NOVEMBER 7, 2022

When I put together my list of what was to blame for inflation , corporate profit-seeking was number (13 of 15). Traditional economic consensus used to be inflation occurred when too many dollars chased too few goods. Economic Policy Institute, April 21, 2022). That was June; we now have a lot more data.

Economics 134

Economics Retail Numbers Technology 134

PYMNTS

FEBRUARY 3, 2020

Consumers are firing brick-and-mortar retailers from the jobs they held years and decades before. To get their shopping jobs done, consumers are now hiring retailers that make it convenient to do business – anywhere, anytime, through any channel and on their terms. But it’s more than that.

Retail 69

Retail Sales Investments Budgeting 69

PYMNTS

DECEMBER 23, 2020

In today’s top retail news, Amazon is delaying its logistics charge increases, while consumers in Italy are embracing a new cash-back effort for card payments. The CFOs provided an average number of 71 on a scale of 0 to 100 when asked to rate their optimism for their own companies’ economic futures.

Retail 67

Retail Manufacturing CFO Economics 67

PYMNTS

JANUARY 6, 2021

Thus far, the numbers do not bear out a massive uptake of a business model, that for the stakeholders, is essentially free (There are roughly 38 banks signed on and 5 million users of CoDi, as measured in late 2020). “If But as Diaz stated, the model is based on sound economic principles.

Banking 145

Banking Planning Accounting Currencies 145

CFO News Room

NOVEMBER 14, 2022

The solid labor market supports positive consumer attitudes but that is offset but high inflation and rapid interest rate increases that threaten future economic growth. The real retail sales indicator weakened from a neutral trend to a negative trend. Solid Third Quarter GDP Number Masks Pockets of Weakness.

Economics 130

Economics Manufacturing Sales Construction 130

PYMNTS

NOVEMBER 3, 2020

There’s no shortage of pain points to catalog from the past six months: A global pandemic, worldwide economic disruption, record-breaking unemployment, an invasion by murder hornets — the hits never seem to stop. And that number swells to more than two-thirds (69 percent) when adding those who said they were “somewhat “likely to do so: .

Economics 136

Economics Sales Numbers Retail 136

CFO News Room

NOVEMBER 4, 2022

On Friday, Morgan Stanley’s Adam Jonas pulled the firm’s ratings and price target on the used-car retailer, citing deterioration in the used car market and a volatile funding environment. DraftKings — DraftKings fell nearly 28% after warning a prolonged economic downturn could impact spending by its customers.

Profit and Loss 130

Profit and Loss Forecasting Sales Economics 130

Barry Ritholtz

JANUARY 18, 2023

Today, the Producer Price Index and Consumer Retail Sales both showed the economy is decelerating and not on an inflation-adjusted basis. But this does not mean the Fed should inflict pain on millions of people (especially those earning at or below median wages ) because they are waiting for an update to an economic model.

Economics 124

Economics Sales Retail Numbers 124

PYMNTS

JANUARY 15, 2021

The holiday shopping season is the most wonderful time of the year for the retail industry. Brick-and-mortar merchants and online retailers alike often rely on end-of-year sales to generate up to 40 percent of their annual revenues and start the new year on a positive note. A notable $730 billion in U.S. A notable $730 billion in U.S.

Retail 63

Retail Leverage eCommerce Securities 63

PYMNTS

NOVEMBER 16, 2020

The new combined bank will be the fifth-largest retail bank in the country. US Economic Forecasts Grim Amid Escalating COVID-19. Fears of economic freefall are mounting as the U.S. continues to post an alarming increase in the number of new COVID-19 cases without word of any additional government stimulus.

Forecasting 57

Forecasting Economics Education Accounting 57

CFO News Room

DECEMBER 14, 2022

The proposed Raise Up New York legislation—which would index annual statewide increases to inflation and labor productivity—would help protect workers’ economic security as prices rise, and prevent inequality from widening as the economy grows. an hour and $62,400 at $15 an hour), but still short of real economic security. More than 2.9

Education 130

Education Nonprofit Economics Entertainment 130

PYMNTS

SEPTEMBER 28, 2020

There can be an economic impact from that sadness — and a lack of spending.”. The muted outlook for the future comes against a backdrop, where businesses — large and small, across any number of verticals — are navigating unprecedented impact on cash flow. The liquidity challenges are towering, he said. Where We Go From Here.

Accounts Payable 116

Accounts Payable Restructuring Entertainment Economics 116

PYMNTS

JULY 2, 2020

She said there could be more cuts coming due to adverse economic conditions. “We We may be on borrowed time for job cuts in a number of industries…that were not necessarily distressed when we entered the pandemic,” she said, according to WSJ. The bankruptcies so far this year include prominent old department store names such as J.C.

Restructuring 88

Restructuring Retail Communication eCommerce 88

PYMNTS

MARCH 26, 2020

Last week, Walmart promised to bring 150,000 hourly workers on board due to a quick economic shift because of the COVID-19 outbreak. Retailers such as Amazon and Walmart are increasing their ranks to keep pace with increased traffic, as service industries let go of large number of workers due to falling demand.

Retail 88

Retail Economics Sales Numbers 88