In episode 59 of Total Retail Talks, Ian Wisbey, senior manager, global retail at Worldpay, a payments processing company, discusses the key findings from the company's recent research report, Why Do They Pay That Way?, as well as the implications for retailers based on the survey's findings. From how millennials prefer to pay for online…
International Strategy
One of Germany’s biggest supermarket chains is coming to the U.S. to see if its unique model can find success here. Lidl is a grocer known for competitive prices and private labels, and it plans to expand along the East Coast, from Georgia to New Jersey, by 2018. According to an article on Forbes, Lidl…
If you’re not already planning for Black Friday and Singles Day, then you’re behind schedule. The National Retail Federation reported that online and other non-brick-and-mortar holiday sales increased by 9 percent during the 2015 holiday season, to $105 billion. Compared to the overall 3 percent growth for all of 2015 holiday sales, it’s clear that…
This webinar examines consumers’ buying behaviors across global markets to help retailers better serve their payment wants and needs.
Office Depot agreed to sell its European business to the Aurelius Group, helping sharpen its focus on the North American market after its failed merger with Staples. The deal will be structured as an equity sale for “nominal consideration,” Boca Raton, Florida-based Office Depot said Friday in a statement. The European unit has annual revenue of…
Omnichannel is a term merchants can’t avoid. Industry experts are clamoring for retailers to deploy a cohesive shopping experience across all channels. The entire strategy is contingent upon blurring lines, providing consumers a multitude of options and enabling them to interact with a retailer’s brand every step of the way. However, true "total commerce" extends…
If you’re launching an e-commerce site in a developing market, it’s critical to get a foothold as quickly as possible to maintain cash flow. But doing so requires a deep understanding of the intricacies of the local infrastructure and consumer habits. By performing thorough market research, you'll have a better understanding of the specific challenges…
Last week, Britain made history with its vote to leave the European Union. In the coming months, British and European leaders will begin negotiating the terms of Britain's departure. One thing is for sure: Britain's exit will affect the British economy, immigration policy, and lots more. And while it will take years for the full…
Wal-Mart is reportedly in discussions to sell its online e-commerce platform in China — Yihaodian — to JD.com, the second-largest online retailer in China after Alibaba Group Holding Ltd. The exact terms of the deal were unclear and discussions remain ongoing, but insiders said it could include a broader partnership between Wal-Mart and JD.com. Total…
As Indians increasingly move to e-commerce to do their shopping, Amazon.com is giving domestic companies a big reason to worry. Company CEO Jeff Bezos on Tuesday announced that his company will be investing an additional $3 billion in India. This takes Amazon's total investment in the country to $5 billion. India's e-commerce space continues to grow, and…