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Nov 10 Payments NEXT newsletter: Holiday sales, Sears, e-commerce, 7-Eleven goes cashierless, Amazon’s toy catalog, more… |
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Welcome to this week’s Payments NEXT newsletter with lots of pre-Black Friday and holiday sales data and predictions, including a 14% increase in spending this year and online sales expected to reach $124 billion. We’ve got a look at how Sears missed the e-commerce and mobile sales bandwagon and 7-Eleven’s new hybrid cashierless checkout system. Our payments news roundup includes Amazon’s first-ever holiday toy catalog, how shoppers are fed up with Black Friday crowds, organized retail crime data and much more.
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Experian says 2018 holiday shoppers plan to spend 14% more
Experian‘s 2018 Holiday Survey shows holiday shoppers are in a generally positive mood about holiday shopping and plan to spend 14% more this year than in 2017. The 2018 survey provides useful insight into shoppers’ thoughts on spending plans, budgets and interesting differences between the shopper generations. Read more... |
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US online holiday sales will reach a record $124 billion
Adobe is forecasting a record $124 billion in US online sales during the 2018 holiday sales season. Based on Adobe Analytics data, Adobe says online sales will increase by 14.8%, totaling $124.1 billion, while offline retail spending is expected to increase a modest 2.7%. Sales on Cyber Monday alone could hit $7.7 billion, a record and up 17.6% over last year. Read more…
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Why Sears sagged in the e-commerce economy
Founded in Chicago in 1892, Sears, Roebuck & Company started business as a mail order catalog company. It began opening stores in the US in 1925 with its first in Evansville, Indiana and was the largest-selling US retailer until Walmart surpassed it in 1989. Sears fall from grace and success has been well told leading up to today’s last-ditch fight for survival but it’s interesting to look at how e-commerce might have saved the company. Read more... |
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7-Eleven introduces hybrid mobile cashierless checkout
In 14 stores in its Dallas headquarters market, 7-Eleven is testing a mobile cashierless checkout app called Scan and Pay. Customers can pick up a Slurpee, snacks and other items, scan the product barcodes with a mobile app, pay by your favorite payment provider, display a QR code from your phone to a cashier-less checkout “confirmation station” in the store and exit. Read more... |
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Payments NEXT – Nov 9: Global payments news roundup
Here’s the global payments news that got our attention this week, curated and provided for your weekend reading. Look for plenty of pre-Black Friday and holiday sales data and predictions, including a 14% increase in spending this year. Check out the estimated $30 billion organized retail crime wave. Amex gets approval to process payments in China, see Amazon'd first-ever toy catalog, a US mobile payments snapshot, and much more payments news ahead. Read more… |
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Get more global payments industry news and insight
Find the daily payments industry news you can use at PaymentsNEXT. |
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