At a time when retail revenue is precious and the shift to Digital 3.0 is white-hot, eCommerce media is becoming a bigger factor in the advertising world. The practice is a trade name for simply advertising on eCommerce sites. Last year, Amazon did $4.8 billion in eCommerce media in 2019. The selling point is compelling, as it places a … Continue reading ECommerce Media Gets Its Own Upfront Event Continue Reading
It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have deep dives on open banking adoption, subscription features, and news that Wirecard North America Inc. is up for sale. Top News Wirecard North America Business … Continue reading Open Banking Adoption, Subscription Features, Wirecard North America Up For Sale Top This Week’s News Continue Reading
The U.S. economy added a record 4.8 million nonfarm jobs in June and the unemployment rate fell to a lower-than-expected 11.1 percent, the U.S. Labor Department reported Thursday (July 2). Meanwhile, the number of Americans who filed jobless claims dropped in the latest week, but still topped 1.4 million. “These improvements in the labor market reflected the continued … Continue reading US Unemployment Rate Drops To 11 Pct And Jobless Claims Fall To 1.4M, But Troubles Persist Continue Reading
The Pebble is a bring-your-own cutlery set for the coronavirus pandemic made from recycled CDs by design studio Pentatonic in collaboration with singer Pharrell Williams‘ creative brand I Am Other. The kit comprises of a knife, a fork, a spoon, a straw and a set of chopsticks that fold away inside a smooth case that can be easily carried. Pentatonic created The Pebble as … Continue reading Pharrell Williams partners with Pentatonic to create coronavirus cutlery set Continue Reading
Driven by COVID-19 fears and stampeding online, consumers overwhelmed many businesses in 2020 that were unprepared for drastic, sudden eCommerce volume. That picture has brightened somewhat as summer begins, but things are far from settled in the digital domain. The PYMNTS Merchants Guide To Navigating Global Payments Regulations, done in collaboration with Ekata, examines rapidly changing … Continue reading Merchants Solving For Data Compliance Continue Reading
Fear has been a key ingredient in some of the strangest episodes in human history, and the COVID-19 pandemic now joins that dubious list. PYMNTS’ research division has tracked the pandemic’s progress since the first week of March – not just in economic terms, but with regard to the sentiments of consumers and business leaders … Continue reading 90 Days To A New World Continue Reading
To provide entertainment to families amid the coronavirus pandemic, Walmart unveiled a virtual experience and an in-person “contact-free” experience. The events include a virtual camp called Camp by Walmart and a drive-in movie theater experience in conjunction with Tribeca Enterprises that will change the retailer’s parking lots into outdoor movie theaters per an announcement. Families can use the … Continue reading Walmart To Transform Parking Lots Into Drive-In Cinemas, Offer Virtual Camp Continue Reading
As instances of the coronavirus quickly increase in a number of regions across the nation, Apple plans to shutter 30 more stores in the United States on Thursday (July 2) at the latest. The tech company, which has 271 retail shops in the United States, has recently closed 47 stores again, CNBC reported. Locations in California, Alabama, Idaho, Georgia, … Continue reading Apple To Shutter 30 More US Stores Again Amid Pandemic Continue Reading
If department stores survive this pandemic, July 1, 2020 will almost certainly mark the point where the format reached one of its darkest days. On both sides of the Atlantic, the news was nothing short of devastating for icons like the U.K.’s John Lewis – and, in the U.S., a veritable “who’s who” of retailing legends, including … Continue reading Pandemic Brings Dark Days For Department Stores Continue Reading
Downtowns everywhere from Maine to California are dealing with varying degrees of economic and existential pain as a result of the pandemic, but nowhere is the pain as acute as in college towns. Cities like Ann Arbor, Michigan; Ithaca, New York and Davis, California have had to deal with a two-headed economic monster: a pandemic … Continue reading Saving Main Street: College Towns Deal With Economic Devastation Continue Reading