| April 5 Payments NEXT news: Sears, Walmart-Google, Apple Card, Amazon vs eBay, biometrics, more… |
| Our Payments NEXT newsletter take a look at Sears new smaller footprint stores, as well as millennials who will spend $1.4 trillion and are definitely masters of the online shopping universe. One billion Indian consumers have biometric digital IDs, so can biometrics be far off in more developed countries?
The new Apple credit card launched with Goldman Sachs will also promote Apple Pay. Walmart and Google are relaunching voice payments for groceries. Will second time be lucky? Amazon may have 49% of the e-commerce market, but eBay is busy and profitable in second place. New prepaid card rules took effect in the US, but the industry was well-prepared to handle its impact. Finally, we take a snapshot of 12 US retailers who seem destined for bankruptcy in 2019. All the payments industry news you can use and more.
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| Will smaller footprint stores save Sears?
After a plunge into bankruptcy earlier this year, Sears announced plans to open three new, small-footprint stores of 10,000 to 15,000 sq ft. Instead of the typical 160,000 sq ft store, the new Sears Home & Life outlets will sell home goods like Kenmore and other brand appliances, mattresses, and connected-home products. Sears will also offer free in-store pickup or return of items ordered from Sears.com, in-vehicle pickup, and Sears home repair services. Read more… |
| Researchers: Millennials are masters of the online shopping universe
Millennials – born between 1982 and 1996 – are the largest generation in human history, with over 80 million members in the US alone. They spend more than $600 billion annually and that will more than double to $1.4 trillion by 2020. They will also inherit $30 trillion from their baby boomer parents. Read more… |
| Walmart, Google relaunch grocery voice ordering
While Amazon’s Whole Foods implements a range of grocery discounts, Walmart and Google are going to the prom together again to offer voice ordering of groceries, two years after testing the service previously. Walmart Voice Order will work on a variety of Google Assistant platforms and devices, including smartwatches and smartphones. Read more… |
| Amazon dominates e-commerce but eBay’s busy
Amazon may own 49% of the US e-commerce market, but eBay remains surprisingly resilient according to an Edison Trends report. According to eMarketer, the six biggest e-commerce sellers are Amazon (49.1%) eBay (6.6%), Apple (3.9%), Walmart (3.7%), Home Depot (1.5%), and Best Buy (1.3%). We take a look at what sells best at each of the two biggest e-commerce players. Read more... |
| April 5 Global payments news roundup...
Today’s global payments news roundup is fast and furious. We take a look at whether smaller footprint stores will save Sears, given the challenge of profitability. By next year, millennials will spend $1.4 trillion and they are definitely masters of the online shopping universe. One billion Indian consumers have biometric digital IDs, so can biometrics be far off in more developed countries? All that payments news and much more. Read more... |
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