Retail: Page 66


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    Pandemic fueled 32.4% e-commerce surge in 2020

    The biggest jump in online sales occurred shortly after states issued stay-at-home orders. E-commerce sales jumped 44.4% in the second quarter compared to the same quarter in 2019, Census data shows. 

    By Robert Freedman • March 1, 2021
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    Getty Images
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    Amazon acquires small digital commerce platform to challenge Shopify

    Australian startup Selz is a bit player, but the takeover signals the e-commerce behemoth's intentions to reenter a space it abandoned years ago.

    By Daphne Howland • Feb. 17, 2021
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    Trendline

    Top 5 stories from Payments Dive

    The digital evolution of payments is roiling the industry, forcing companies to rethink pricing schemes and revamp corporate strategies. Embedded payments, earned wage access, real-time systems and other innovations will transform the business.

    By Payments Dive staff
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    Permission granted by Food Lion
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    Food Lion starts accepting online orders from SNAP customers in NC

    The grocer also plans to expand to eight more states in the coming weeks, including Delaware, Georgia, Kentucky, Maryland, South Carolina, Tennessee, Virginia and West Virginia. 

    By Sam Silverstein • Updated Feb. 16, 2021
  • Shop Pay expands to Facebook and Instagram.
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    Courtesy of Shopify
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    Shopify adds Shop Pay to Facebook, Instagram

    It's the first expansion of the service outside of Shopify's own platform, and seeks to offer a smoother buying process.

    By Tatiana Walk-Morris • Feb. 10, 2021
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    Courtesy of Sifter
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    Peapod founders re-enter grocery e-commerce with custom shopping tool

    Brothers Andrew and Thomas Parkinson's new service, Sifter.shop, lets customers filter groceries based on health-related criteria and then transmit their orders to selected grocers.

    By Sam Silverstein • Feb. 10, 2021
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    Courtesy of Kroger
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    Q&A: What retailers and shoppers want from their grocery apps

    Atomic Robot CEO Alex Robinson, who was a founding member of Kroger's mobile development team, and UX/UI designer Leah Blandford talk app usage during the pandemic and what lies ahead for retailers.

    By Jeff Wells • Feb. 9, 2021
  • Sam's Club partners with Mastercard and Synchrony on rewards program.
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    Courtesy of Sam's Club
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    Sam's Club teams up with Synchrony, Mastercard for rewards program

    The club retailer, like others in the retail space, is also simplifying the application process as consumers continue to struggle financially.

    By Tatiana Walk-Morris • Feb. 8, 2021
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    Gijs Bolmeijer
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    Walmart to add Western Union services to stores

    The deal signals the retailer's growing interest in the financial services space. 

    By Tatiana Walk-Morris • Jan. 21, 2021
  • Mastercard's Tap on Phone service for merchants.
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    Courtesy of Mastercard
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    Mastercard pilot turns smartphones into a point-of-sale device

    Expansion into the contactless tech space has accelerated due to the pandemic and is expected to continue. 

    By Kaarin Moore • Jan. 14, 2021
  • Visa terminates $5.3B acquisition of Plaid after DOJ antitrust suit

    The abandonment of the deal won't keep Visa from pursuing partnerships with Plaid or other fintechs, CEO Al Kelly said Tuesday during a call with analysts.

    By Anna Hrushka • Jan. 13, 2021
  • Shopify partners with Affirm.
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    Courtesy of Affirm
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    Affirm IPO hits $1.2B

    The buy now, pay later tech company announced an initial public offering stock price of $49, but opened at nearly $100 on its first day of trading.

    By Daphne Howland , Kaarin Moore • Updated Jan. 19, 2021
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    Courtesy of American Express
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    American Express expands small business perks as it reportedly falls under federal investigation

    As the credit card issuer caters to merchants migrating online, multiple agencies are scrutinizing its sales practices.

    By Tatiana Walk-Morris • Jan. 8, 2021
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    Courtesy of Afterpay
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    Afterpay basket size jumps 30% over the holidays

    The installment payments firm benefited from pandemic-induced behaviors in favor of contactless buying.

    By Kaarin Moore • Jan. 5, 2021
  • 7-Eleven expands lab stores
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    Permission granted by 7-Eleven
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    7-Eleven unveils mobile wallet to enable contactless payments

    The retailer aims to bring cash users into the digital wallet space and make its rewards program more accessible.

    By Tatiana Walk-Morris • Dec. 8, 2020
  • Capital One halts buy-now-pay-later credit card transactions

    The move stands in contrast to fellow credit-card issuers Citi and JPMorgan Chase, which last year launched fixed-payoff options. PayPal and Ally Financial this year announced they were rolling out installment loans.

    By Dan Ennis • Dec. 7, 2020
  • Step
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    Teen-aimed banking app Step gets celebrity boost

    The platform said it raised $50 million in a Series B funding round that included investment from singer Justin Timberlake, music group The Chainsmokers and retired athlete Eli Manning.

    By Anna Hrushka • Dec. 3, 2020
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    Fotolia
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    How COVID-19 could disrupt store credit cards

    Despite a pandemic-induced recession and uncertainty over another federal stimulus bill, store cards remain a channel for customer engagement.

    By Tatiana Walk-Morris • Dec. 2, 2020
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    Courtesy of Grabango
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    Deep Dive

    Is cashierless tech ready for prime time?

    The pandemic has juiced demand for automated checkout systems, and retailers are having positive experiences with them, but the technology still has to prove itself over the long term.

    By Sam Silverstein • Nov. 30, 2020
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    "Google Bike" by R Boed is licensed under CC BY 2.0
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    Google revamps Google Pay, adds 3 new partner banks

    With a redesigned app and an expanded network of banks that have signed on to offer co-branded accounts, the tech giant continues its push into the consumer financial services space.

    By Anna Hrushka • Nov. 19, 2020
  • GameStop, Klarna team up on installment payments

    The partnership is part of the gaming retailer's ongoing efforts to modernize its digital operations.

    By Tatiana Walk-Morris • Nov. 3, 2020
  • PayPal launches crypto payment platform

    The payments company will convert consumers' Bitcoin, Ethereum, Bitcoin Cash and Litecoin holdings into fiat currencies when they check out. That cuts the risk merchants assume from any volatility in cryptos' value.

    By Dan Ennis • Updated March 30, 2021
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    Courtesy of Afterpay
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    Afterpay partners with retailers for in-store payments

    Shoppers nationwide can use a virtual, contactless card stored in their digital wallet to pay for in-store purchases in installments. 

    By Tatiana Walk-Morris • Oct. 19, 2020
  • Bank of America CEO Brian Moynihan moderates a discussion while seated onstage.
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    Drew Angerer via Getty Images
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    Bank of America enters the small-dollar loan fray

    Balance Assist, which will launch in January, will offer loans of up to $500 — to be repaid in three installments over 90 days — for a flat $5 fee to customers who have held Bank of America checking accounts for a year or more.

    By Dan Ennis • Oct. 9, 2020
  • Venmo launches a credit card.
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    Courtesy of Venmo
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    Venmo launches its first credit card

    After teasing it last October, the payment platform this week unveiled the card, which is integrated with the existing Venmo app.

    By Tatiana Walk-Morris • Oct. 6, 2020
  • PayPal introduces 'Pay in 4' installment payment service

    The payments behemoth joins a growing list of pay-over-time competitors.

    By Tatiana Walk-Morris • Sept. 3, 2020