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Oct 12 Payments NEXT newsletter: US, UK retail sales predictions, clicks to bricks growth strategies, payments industry mergers, gift cards research, more…
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Welcome to this week’s global payments news roundup. We unwrap holiday sales predictions for the UK – up 3.5%-4%, according to Coresight and the US up 3.8%-4.2% expected by the National Retail Federation. When it comes to converting clicks to bricks, a new report from Retail TouchPoints and TimeTrade offers growth strategies on how to get online shoppers into bricks and mortar stores. In this week’s global payments news roundup, Payments companies were involved in four of the top 10 mergers and acquisitions valued at $94.1 billion. Research shows 60% of consumers prefer physical gift cards compared to 40% who like digital gift cards, so put that on your Christmas list.
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UK 2019 holiday retail outlook is upbeat and online
It’s beginning to look a lot like Christmas and online sales all throughout the Empire. The good news according to the latest findings from Coresight Research is that 2019 holiday sales are expected to be up 3.5% to 4% compared with last year. That puts holiday retail sales on track to reach a midpoint estimate of £83.7 billion ($103.02 billion). The bad news is Brexit remains a nagging uncertainty in the minds of some UK consumers. Read more… |
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2019 US holiday sales should grow 3.8%-4.2%
The National Retail Federation (NRF) predicts sales this holiday season should be up 3.8%-4.2% over last year. Despite concerns about a hangover from China-US tariff disputes, the NRF is hoping US holiday sales will reach between $727.9 billion and $730.7 billion, excluding auto, gasoline and restaurant sales. Read more…
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| Converting clicks to bricks: Five new retail growth strategies
While e-commerce only makes up 11% of total US retail sales, that’s changing fast and retailers need to be nimble in finding new ways to convert clicks to bricks. Retail TouchPoints and TimeTrade are out with new research and a playbook that looks at five ways retailers are transforming digital shoppers into loyal in-store customers. Let’s look at five retailers and the tactics they’re using to get more digital customers into their stores. Read more... |
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| Oct 11 Global payments news roundup
Our roundup continues with Amsterdam-headquartered Ingenico’s new China payments alliances with Alipay, WeChat Pay and UnionPay. Germany’s Wirecard is out with a new flexible B2B2C payments installment plan for e-commerce consumers. A new Mercator survey shows small businesses prefer cards over cash with 65% citing ease of handling. Target and Toys “R” Us will be putting toys under consumer Christmas trees, thanks to a new partnership. We look at the challenges banks are having in going digital and meeting higher digital customer expectations. Finally, we wrap up with a joint CFTC, FinCEN, and SEC statement on anti-money laundering (AML) and counter terrorism. All in a week’s global payments news you can use. Read more… |
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