Preparing For The Second Wave Of The Digital Shift
There are now not one, but two digital shifts occurring as the COVID-19 pandemic continues to disrupt consumer shopping habits. The first is the consumer-driven digital shift that has been well-documented, especially with brick-and-mortar powerhouses like Walmart clocking an eCommerce surge of 74 percent. The second is just starting. It’s the digital shift taking place … Continue reading Preparing For The Second Wave Of The Digital Shift Continue Reading
Webrooming, before the pandemic, was a full-on retailing trend. But as the pandemic-driven digital shift gains traction, retailers have to be wondering if consumers will use websites to comparison shop for brick-and-mortar retail (webrooming) or whether they’ll go back to shopping retail to order online (showrooming). For the record, webrooming was beating showrooming in a … 
Men’s Wearhouse owner Tailored Brands might be the next significant retail company in the United States to make a bankruptcy filing as the COVID-19 crisis unfolds. Tailored — also the owner of K&G and Jos. A. Bank — included the potential for bankruptcy, or even the closing of operations, in a recent filing, CNN reported. The filing reportedly said: … 
After legislators had asked that he offer testimony in their antitrust probe into large tech firms, a lawyer for Amazon said that Jeff Bezos would be amenable to testify before Congress. Robert K. Kelner from the Covington & Burling law firm said the retailer was “committed to cooperating with your inquiry and will make the appropriate executive … 
Visa is working with Facebook so that consumers can fully use the new payments feature on WhatsApp in Brazil, the global digital payments giant announced on Monday (June 15). “As digital becomes the epicenter of daily life during the global pandemic, being able to move money in real-time is increasingly critical for consumers and businesses,” said Jack Forestell, Visa’s chief … 
In eCommerce, the old saying holds: The enemy of my enemy is my friend. News came Monday (June 15) that Walmart has joined with eCommerce company Shopify in a bid to boost its online marketplace presence. Under the terms of the pact, as noted by Reuters, Walmart will add as many as 1,200 Shopify sellers to its marketplace this … 
Mastercard has partnered with Facebook to offer Brazilians a way to send and receive money on the social network’s WhatsApp. Cardholders who make bank transactions with two Brazilian banks, Nubank and Sicredi, will be the first to use the tool on WhatsApp, which allows users to send text and voice messages and money. Soon, more banking partners are expected … 
The decision by most states to allow diners to eat indoors at restaurants as coronavirus restrictions are eased, seems to be having an impact, according to “The State of the Restaurant Industry,” the latest data from OpenTable, the provider of online restaurant reservations. Seated dining in the U.S. on Friday (June 12) and Saturday (June 13) was … 
Whether cashiers go the way of the horse and buggy could hinge on an experiment Walmart is running in Arkansas. 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., according to local news reports. The aim is to speed up checkout lines … 
SoftBank mobile phone owners can now pay for everything from movies to membership fees on Amazon.com with help from mobile commerce firm Bango, according to an announcement. The United Kingdom-based mobile commerce company recently completed the installation of the new payment option on SoftBank phones, so that customers can make purchases without having to whip out a …