Payments News

On The Web

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Domains

Walmart’s Jet to Cease Its New York City Fresh Grocery Business

“The move is the latest example of the declining importance of Jet, a business Walmart paid $3.3 billion to acquire in 2016 to reach urban millennials and gain the services of co-founder Marc Lore, who has taken over Walmart’s U.S. e-commerce operations. The company’s online revenue has increased — but most of the unit’s success […]
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Companies

Walmart Posts 41% Online Sales Growth In Q3 As Grocery Investments Pay Off – Retail TouchPoints

“Walmart is headed into the holidays with a jolly outlook after posting Q3 online sales growth of 41% and a better-than-expected 3.2% growth rate in U.S. same-store sales. The company attributed the online sales growth to ongoing expansion of its online grocery services. Walmart as a whole now generates 56% of its revenue from food and grocery sales.”
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Domains

Big Brands, Online Startups Find Success Rests on Store Shelves

“American shoppers will buy almost anything online. But when it comes to household mainstays, from razors to tampons, the old-fashioned store still beckons. That reality is hitting some of the world’s biggest consumer-products companies, which collectively have invested billions of dollars in startups in recent years that sold directly to consumers. Meanwhile, upstart brands are […]
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Domains

Coronavirus Spurs a Wave of Suspect Websites Looking to Cash In

“A popular technology company that has helped launch thousands of online retail sites has become a favorite tool for fly-by-night businesses looking to cash in on the coronavirus pandemic. New e-commerce sites that use the company’s services are filled with wildly exaggerated claims about virus-fighting products that may not even exist.”
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Domains

Digital Payments Soar Amid Coronavirus Restrictions

“Digital-payment services are facing a surge in demand as efforts to stem the novel coronavirus pandemic result in housebound shoppers stocking up on groceries, prescription drugs, audiobooks and movies online. Many e-payment providers are falling back on contingency plans put in place to handle seasonal bursts in online shopping, such as Black Friday, in part […]
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On The Wires

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Domains

Amazon: Customers Shopped at Record Levels This Holiday Season

“Amazon today announced that this holiday season was record-breaking thanks to its customers all around the world – billions of items were ordered worldwide and tens of millions of Amazon Devices were purchased worldwide. Throughout the season, Amazon offered customers incredible deals every day and deeper discounts and more Deals of the Day than ever […]