Tag: retail news

Retail Sales Rise Again in June According to figures issued by the US Department of Commerce retail sales in June increased 14.3% year over year and 26.8% from the previous year. E-commerce increased by 6% year over year and by 44% year over year in 2019. Read More Virgin’s Richard Branson Beats Amazon’s Jeff Bezos…

Retail Boost Expected as Child Tax Credit Payments Begin After Americans begin receiving monthly child tax credit payments from the federal government in July, – which will coincide with the beginning of the back to school shopping season – retailers across a wide range of verticals anticipate an increase in sales. Read More Feds Sue…

For Many Retailers, The Bots are Staying Post Pandemic To overcome operational issues caused by the novel coronavirus outbreak, many retailers turned to automated technological solutions. Lots of companies are sticking with the new automation, even doubling down on it, post pandemic as finding human workers to fill unfilled positions has become more difficult. Read…

People’s shopping habits are evolving. In 2017, mobile transactions accounted for 58.9% of total ecommerce sales. By the end of 2021, this number is predicted to have risen to about 75%. You’ll be priming your ecommerce business for success in the age of mobile shopping if you make sure your optimization approach takes into account…

PayPal to Increase Merchant Fees in August According to a blog post posted on the company website, PayPal will be increasing merchant fees in August 2021. On August 2, PayPal plans to increase U.S. merchant fees to 3.49 percent per digital payment transaction, up from 3.40 percent currently. This includes PayPal checkout services and Venmo…

Adobe Predicts Prime Day Spending to Top $11 Billion. With this year’s Amazon Prime Day in full swing today, big spending is expected not just at the retailer’s site but also at many other online retail outlets offering competing sales. A report published by Adobe just prior to the big day predicts spending will top…

Sharp Online Sales Fall As Restrictions Ease According to the IMRG Capgemini Retail Index, online retail sales fell 9.1% year on year in May, a significant drop from the 61 percent growth reported for the same period last year. Read More NRF Predicts Good Retail Growth Through 2022 In better news, , the National Retail…

Amazon Prime Day Announced for June 21/22 2021 As had been predicted by many retail industry insiders, Amazon Prime Day – or should that be days? – has been announced for June 21 and June 22, 2021. The Prime Day will be the last of the Bezos era (see below) and open to more third…

Amazon Buys Up MGM to Boost Prime Amazon.com has agreed to pay $8.45 billion for MGM, making it the company’s second-largest acquisition after the $14 billion deal for Whole Foods in 2017. MGM, the studio behind “Shark Tank” and film franchises like Rocky and James Bond, is expected to bolster Amazon’s Prime Video service and…

April Retail Sales Remained Steady and Ahead of Some Predictions Following a 10.7% increase in March, retail sales remained stable in April. Because 83 percent of federal stimulus checks were distributed in the second half of March, economists expected lower sales growth in April. Read More Big Retailers Lifting Their Mask Mandates Many big name…