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Retailing 2020: Five Things To Watch

PYMNTS

The balance of 2020 will be notable for what Amazon does not do. If Amazon sees any M&A deals this year, it will likely be on the infrastructure side: shipping, return platforms and payment mechanisms. Nike will end 2020 as a consistent retail force, commanding respect for more than the shoes. The Digital Shift.

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KKR Agrees To Purchase 1-800 Contacts From AEA Investors

PYMNTS

contended with stay-at-home mandates and closures due to pandemic earlier in 2020. During the peak of the COVID-19 shutdown, the company experienced a 100 percent year-over-year increase in new and returning customers,” according to the announcement.

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IRS Corporate Audits Drop 71 Pct, Individual Audits Fall 65 Pct

PYMNTS

The advocate also said in the report that examinations on individual tax returns fell to 5,013 from April 1 to June 1 this year compared to 14,188 during the same time last year, marking a 65 percent fall. It also announced the suspension of all in-person meetings in ongoing examinations,” the advocate said in the report.

Audit 69
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Pandemic Brings Dark Days For Department Stores

PYMNTS

If department stores survive this pandemic, July 1, 2020 will almost certainly mark the point where the format reached one of its darkest days. in general and Southern states in particular unable to control the spread of COVID-19 at this point, the scenario of yet another retail shutdown looms. s John Lewis – and, in the U.S.,

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Adapting To A Hybrid Future

PYMNTS

2020 will be the year when businesses invest in filling their information and skill gaps to take advantage of digital commerce.”. Unfortunately, this extended period of shutdowns and slow economic activity means fewer businesses will be around in the latter half of the year.

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‘Digital Shifters’ Taking More Definable Shapes As COVID Clears

PYMNTS

Business roadmaps predating 2020 aren’t much use these days, however, as COVID has altered the terrain. Very recently, the fourth annual How We Will Pay 2020 study, done by PYMNTS in collaboration with Visa (more from that in a minute) gave new context to the shifters. At least in 2020, we know where people are shopping.

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China Extends Economic Stimulus Measures For Small And Micro-Businesses

PYMNTS

Certain banks catering to small businesses will also continue to receive government support in the wake of a massive shutdown earlier this year due to the COVID-19 pandemic. China’s economy returned to growth in the second quarter and is now the only leading economy to show significant growth in 2020, with GDP growing 0.7%

Economy 69