by Kenny Tsang Inflation in the US has skyrocketed, reaching the highest level in the last 40 years. This has led to unrest among American consumers, with spending fluctuating in the ecommerce space. New challenges are on the horizon for e-sellers, and Kenny Tsang, Managing Director of PingPong Payments, touches on how online merchants can […]
by Kenny Tsang Black Friday and Cyber Monday are back with a bang, and experts project sales from the global shopping events to boost what has been a record $4.89 trillion year for retail ecommerce. Nearly a third of the year’s holiday spending occurs during this short period, giving sellers on sites like Amazon, eBay, […]
One of the biggest problems retailers are currently facing is a shortage of products. Essential supplies can be found almost anywhere now, since many companies pivoted to start selling PPE products around May and June, but what about all of those holiday gifts? The COVID-19 Supply Chain Problem There is a looming supply chain problem […]
Online retailing is not new. It’s been in consumers’ lives for decades. Mandatory ecommerce due to a global pandemic? Well, it’s safe to say that it’s a new phase for consumers and retailers alike. The COVID-19 outbreak has generated a huge opportunity for e-retailers with a strong online presence to build a whole new base […]
by Kayla Matthews The new coronavirus, designated COVID-19 by the World Health Organization (WHO), has already infected nearly 60,000 people in China, and spread to 24 countries around the globe, including Japan, France, Canada and the United States. In a short period of time, the virus has quickly become a hugely disruptive health crisis that’s […]
2018 was an exciting year for retail. Evolving technology, changing consumer preferences, and political shakeups all had a large impact on our industry. Here is Independent Retailer’s roundup of top trends, influencers, buzzwords, and developments that affected retail in 2018. Many of these topics were explored in greater detail throughout the year – those articles […]
Over the summer, the Trump administration garnered a lot of attention over talks of a “trade war” with China and the prospect of the United States pulling out of NAFTA (the North American Free Trade Agreement). Now that the holiday season is just about here, shoppers and businesses alike are taking a harder look at […]
President Donald Trump’s tariffs on $34 billion in Chinese goods took effect early July, and were soon followed by another round of tariffs worth $200 billion. This may not seem like a huge deal to consumers, but unfortunately companies were not prepared for this increase when they were planning their holiday products. Christmas in July […]
Earlier this week, the Trump administration unveiled plans to put in place a 25% import tariff on roughly $50 billion worth of Chinese products.
The U.S., which is normally a leader in innovation, has fallen behind when it comes to renovating payment methods. In the U.S., mobile payment transactions reached $112 billion by the end of 2016.