Payments News

On The Web

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Adobe Brings New Amazon and Google Integrations to Magento

“When Adobe acquired Magento, many of these smaller companies that use the service worried that Adobe would mostly focus on its existing base of large enterprise customers — the kind of companies that already use its Experience Cloud . Today’s set of the announcements is, in many ways, meant to alleviate these fears. The two […]
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One-Third of Middle Class Can’t Afford $400 Surprise Expense, Fed Finds

“Fed Gov. Lael Brainard said in a speech Friday that the Fed’s 2018 Survey of Household Economics and Decisionmaking, expected to be released later this month, would show that while economic security has been “marginally” improving, many U.S. citizens—both in- and outside the middle class—were still in a position of “financial fragility.” Americans’ widespread inability […]
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Big Retailers’ Sales Lag As They Gird for Tariffs

“Sales at several store chains slowed during the latest quarter, clouding the outlook for the retail sector as it braces for a significant increase in tariffs on goods imported from China. Sales at Kohl’s Corp. KSS -12.34% , J.C. Penney Co. JCP -6.96% , Nordstrom Inc. JWN 1.04% and Home Depot Inc. HD 0.26% weakened as they experienced a […]
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Grocery E-Commerce Success Requires Personalization, Store Optimization

“Grocery delivery has become a a big business: 36% of shoppers will spend 26% to 40% of their grocery budget online as soon as next year, up from 10% in 2018, according to the Personalization in Digital Food Retail – Shoppers Expect More study by IDC Retail Insights and Precima . This market could reach $100 billion in annual sales by 2022, according to data from Food […]
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The Mall Meltdown Continues

“Retailers’ earnings season has gone from bad to worse. The bleeding intensified last week , with shares of Abercrombie & Fitch plummeting 26% on Wednesday, the biggest percentage decline since the company went public. PVH Corp., owner of brands including Van Heusen, Tommy Hilfilger, and Calvin Klein, dropped 10% that day, too. On Thursday, women’s […]
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Target Q1 Beats Street Amid Surging Digital Sales, Store Traffic Growth

“Comparable digital sales surged 42%, contributing 2.1 percentage points to comparable sales growth. Same-day fulfillment services (order pick up, drive up and Shipt) drove well over half of the company’s digital sales growth. During the quarter, Target completed 53 of the approximate 300 store remodels it is scheduled to complete this year. It also opened […]

On The Wires

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Annual Survey Reveals That Consumer Knowledge About Credit Scores Has Steadily Declined Over the Past Eight Years

““Consumers know less about credit scores but think they know more,” said Stephen Brobeck, CFA senior fellow. “Taking our online credit score quiz provides an easy way for consumers to update their credit score knowledge,” he added. More than 230,000 individuals have taken the Credit Score Quiz , developed and maintained by CFA and VantageScore.”