Retail sales

Savings Barely Covers Credit Card Debt for Paycheck-to-Paycheck Consumers
Savings Barely Covers Credit Card Debt for Paycheck-to-Paycheck Consumers
March 06, 2023  |  Credit Cards

PYMNTS research shows that many consumers’ savings are barely enough to cover their debts. That’s according to findings in the February 2023 edition of the...

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AI Brings ‘Smart Logic’ to Payments Orchestration
AI Brings ‘Smart Logic’ to Payments Orchestration
March 06, 2023  |  Payment Methods

Artificial intelligence can change the paths of payment and commerce. Literally. “There are many spaces [within financial services] that AI and machine learning can influence,”...

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Retailers Forecast ‘Very, Very Soft’ 2023 Outlooks
Retailers Forecast ‘Very, Very Soft’ 2023 Outlooks
March 05, 2023  |  Retail

Last week was one of good news and ominous news for U.S. retailers. The good: They were able to present better-than-anticipated earnings as shoppers continued...

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ATMs Take on New Tasks Even as Their Numbers Decline
ATMs Take on New Tasks Even as Their Numbers Decline
March 03, 2023  |  Connected Economy

There’s still demand for ATMs even as their numbers are declining. For example, workers who receive tips like to use the machines to get that...

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Discretionary Spending Pullback May Paint Clearer US Economic Picture
Discretionary Spending Pullback May Paint Clearer US Economic Picture
March 03, 2023  |  Connected Economy

Sometimes it just comes down to the cold, hard numbers. Three department stores, along with Best Buy, released their earnings this week, and the news was pretty grim when...

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Government Effort to Close Digital Divide Spurs Spain’s Digital Transformation
Government Effort to Close Digital Divide Spurs Spain’s Digital Transformation
March 03, 2023  |  Connected Economy

Countries take different tacks in their digital transformations, with Spain’s high engagement rate driven by a less-expected source: national policy.   PYMNTS’ December ConnectedEconomy™ Index, “How...

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CFPB Finds Most BNPL Users Are Not Financially Distressed
CFPB Finds Most BNPL Users Are Not Financially Distressed
March 02, 2023  |  BNPL

BNPL users have relatively few financial safety nets in place should they run into difficulties managing their obligations.   That’s an if and not a when,...

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Grocers Continue to Lag Way Behind Restaurants in Digital Adoption
Grocers Continue to Lag Way Behind Restaurants in Digital Adoption
March 02, 2023  |  Connected Economy

Grocers’ digital investments have not been enough to catch up to restaurants, PYMNTS research shows. The Context Grocers have been working hard to drive digital...

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Sam’s Club Logistics Push Gives Walmart More Firepower in Grocery Wars
Sam’s Club Logistics Push Gives Walmart More Firepower in Grocery Wars
March 02, 2023  |  Retail

For Walmart, omnichannel may be the way to beat Amazon in the war to stock the pantry. And Sam’s Club may be a way to...

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