Financial News

According to a recent study from Juniper Research, contactless payments will exceed the $1 trillion mark for the first time in 2018, and contactless card payments will dominate transactions.

According to a study from OrderDynamics, superconsumers spend, on average, $40 more on unplanned purchases when making a click-and-collect pickup.

A total of 52% of consumers experienced technical difficulties overall during Amazon's Prime Day, and 27% of those who experienced technical issues either gave up without making purchases or purchased less than they had planned, according to data from JDA.

According to early results from Feedvisor, sales during the first 12 hours of the fourth annual Amazon Prime Day event were 80% higher than sales during the same 12-hour period last week.

Several retailers have come forward with their own sales to counter Prime Day, ranging from eBay to 1-800-Flowers.com, which is running a five-day sale that kicks off on Tuesday, July 17 at midnight, and will continue through Sunday, July 22.

The Retail Industry Leaders Association said that American families and workers will be most impacted by the barrage of tariffs imposed on consumer products from China, and U.S. exports to the European Union, Canada, Mexico, and China.

Walgreens Boots Alliance on Thursday reported a jump in third quarter earnings and unveiled a $10 billion share repurchase program, which executive vice chairman and CEO Stefano Pessina said demonstrates the retailer’s “confidence in future business performance.”

Bed Bath and Beyond reported net earnings of $43.6 million, or $0.32 per diluted share, for the quarter, which included the impact of approximately $0.06 from severance costs.