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Tag: arent

Consumers aren’t adopting mobile wallets, even during the pandemic

Dive Brief: According to a PYMNTS.com report, Apple Pay usage peaked in late 2017 and has declined to about 5.1% of eligible transactions. Only 3.3% of transactions were made using Walmart Pay in the period from early- to mid-March studied, a decline from 4.5% in 2019. Despite such low adoption rates, 92.8% of all iPhones …

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Bargains aren’t just for Black Friday. Value retailers are winning year-round

A wave of good and bad retail earnings reports in recent days highlights one key theme for the industry: Value is winning. Target, Walmart, T.J. Maxx owner TJX and Nordstrom‘s off-price Rack business were bright spots in a tumultuous landscape that’s been beaten down with bankruptcies, store closures and management upheaval. The results from Macy’s, …

Bargains aren’t just for Black Friday. Value retailers are winning year-roundRead More

Under Armour’s shoes aren’t cool right now

Under Armour sports shoes on display. Getty Images Under Armour‘s third-quarter sales might have topped expectations, but one glaring shortcoming in Monday’s release was the company’s shoe sales. Under Armour said footwear revenue tumbled 12% to $250.6 million from $284.9 million a year ago. During a post-earnings conference call with analysts, the company admitted those …

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