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Walmart, Target, and other major retailers are pushing the Fed for real-time payments

“In 2017, retailers paid $43.4 billion in Visa and Mastercard credit card interchange fees alone, up from $25.9 billion in 2012” writes Jaime Toplin for businessinsider.com. These costs burden retailers and push them to develop other options, like merchant-specific debit cards akin to Target’s debit REDcard.The average US consumer holds about three nonretail credit cards with a balance over $6,000, according to Experian. Source: businessinsider.com Share This:

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LuLaRoe supplier demands immediate seizure of $34 million of assets after the CEO’s alleged threats to ‘jump ship’ with its riches

“He said the company is excited about the upcoming year encouraged LuLaRoe sellers not to be alarmed” writes Hayley Peterson for businessinsider.com. Read more: LuLaRoe supplier sues for $49 million and accuses the company’s founders of hiding assets in ‘shell’ companies LuLaRoe did not immediately respond to a request for comment on the latest developments in the case.A LuLaRoe supplier has demanded that a court immediately seize nearly $34 million from the multi-level marketing company, claiming its CEO is a flight risk because of his access to a private jet…

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Here are the best retailers to work for in 2019, according to Glassdoor

“Eight retail companies made the job site’s list this year, accruing average scores on Glassdoor well above the site average of 3.4 Glassdoor also provided Business Insider with seven additional companies that just missed out on the top 100 rankings” writes Ine Cain for businessinsider.com. Here are the top retailers to work for in 2019:.  Source: businessinsider.com Share This:

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China is home to the world’s biggest shopping holiday. Here’s how Singles Day became No. 1

“In addition, the company pulled in a record $6.22 billion in online sales on Black Friday, an 23.6 percent increase from a year ago” writes unknown author for cnbc.com. U.S. e-commerce titan Amazon also saw its sales surge to historic highs this year, recording $7.9 billion of online sales on Cyber Monday, according to research firm Adobe Analytics. Source: cnbc.com Share This:

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A fiasco of tariffs, the holiday season, and a truck-driver shortage may make December the most expensive month ever for moving freight

“Most retailers are trying to squeeze in as much volume as possible to avoid the tariff in 2019,” Yan said” writes Rachel Premack for businessinsider.com. In 2018, there have already been record highs in freight rates because of an expanding truck-driver shortage and an increased demand to move goods.But Peggy Dorf, a market analyst at DAT, told Business Insider that shipping rates, which reached record highs this year, would continue to climb in December.One good thing for retailers who have had transportation costs eat into their budgets this year: Dorf…

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Walmart, Dollar Tree Step Up Pressure On Chinese Suppliers

“Chinese manufacturers have confirmed some of the pressures resulting from trade disputes with the U.S., with reports saying some suppliers are working to find new customers outside of the country” reports pymnts.com. The impacts of ongoing trade disputes between the U.S. and China are beginning to be felt by suppliers, according to Wall Street Journal reports on Wednesday (Nov. 28).Dollar Tree and Target have taken similar measures as a result of trade disputes. Source: pymnts.com Share This:

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Buy Walmart, Target as online sales growth starts to outpace Amazon’s: Bank of America

“Online sales growth at Target and Walmart is starting to snowball as the holiday season enters full swing, with new data showing the retail giants growing digital sales faster than rival Amazon” writes unknown author for cnbc.com. Walmart’s U.S.-owned e-commerce growth accelerated to 43 percent in the third quarter, while Target posted a record 49 percent year-over-year surge, according to Bank of America Merrill Lynch. Source: cnbc.com Share This:

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More retailers go cashless to cut costs, theft during holiday shopping

“And average orders are hundreds of dollars, making cash payments even less likely, the company says” writes Usa Today for suntimes.com. In an effort to cut costs and hassles, a small but growing crop of retailers have stopped accepting the tried-and-true paper currency.Visa last year awarded $10,000 to each of 50 businesses that produced videos explaining how going cashless would benefit them.Despite the pushback, IDC analyst Rivka Gewirtz Little predicts “significant and continued year-over-year growth (in cashless retailers) over the next 10 years.” Many, she says, could follow Walmart, which…

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The top selling items at Amazon and other retailers this holiday season

“Last year, 18 percent more purchases were returned during the holiday season compared to the rest of the year.) Adobe has released its consumer spending trends report, and Amazon is sharing details on its record-breaking holiday shopping weekend” writes Starla Sampaco for geekwire.com. Watch the video above to see some of the top selling products from Amazon and other retailers. Source: geekwire.com Share This:

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Amazon sees record post-Thanksgiving sales

“Amazon kicked off the holiday shopping season with record sales over the post-Thanksgiving weekend, as the broader retail industry hopes a strong economy will spur historic consumer spending in the coming weeks” reports washingtonexaminer.com. This year, the industry is hoping for a blockbuster season as the strong economy fuels high consumer sentiment. Source: washingtonexaminer.com Share This:

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