 |
Lyog B2B FinTechs Diversify Investment Sources Into 2018 Both Amazon and Walmart have seen their shares of the clothing and apparel category slowly slip for two quarters in a row, as consumers have begun returning to more stylish and trendy retailers that they favored prior to the pandemic in order to refresh their social wardrobes.This follows a year in which both retail giants saw spikes in their shar <a href=https://www.cup-stanley.fr>stanley cup</a> e of apparel sales as consumers, faced with shutter <a href=https://www.stanley-cups.it>stanley italy</a> ed stores and an everything-from-home lifestyle, chose comfort and ease over fashion ?though Amazons five-percentage-point jump at the beginning of the pandemic was more marked than the two-percentage-point increase tallied by Walmart.Source: PYMNTS DataIn the past six months, though, as vaccination rates have risen and people have returned to seeing friends and family, more fashionable and personal brands have seen a resurgence. Nordstrom, for example, reported 101% year-over-year growth in the second quarter, and Skechers said its second-quarter sales jumped 127% compared to 2020 and 32% compared to 2019. Gap Inc. also saw net sales increase by 29% between May and July compared to 2020 and by 5% versus 2019.Still, Amazons 13% share of the apparel market is noteworthy for a company that 27 years ago started out as a bookseller. Additionally, the eCommerce titan accounts for 48% of all clothing and apparel sales made online, up <a href=https://www.stanleycups.co.nz>stanley mug</a> nearly 8% year over year despite competitors efforts to bolster their digital operations.PYMNTS proprietary data are derived from a gross market value standp Cyuf Square Terminal Adds Niche Commerce Tools for Retail, Appointments U.K.-based foreign exchange company Moneycorp is entering the U.S. market and targeting SME clients through its acquisition of Commonwealth FX.Reports Wednesday May 10 said Moneycorp has agreed to acquire Commonwealth FX, though the companies did not disclose the price tag of the deal, but did say that it would finance it by paying 20 percent using cash on hand. The remainder will be financed through external financing, according to Nick Haslehurst, chief financial and operations officer for Moneycorp.Haslehurst told reporters at Reuters that the takeover would al <a href=https://www.cup-stanley-cup.pl>kubki stanley</a> low Moneycorp to deploy <a href=https://www.cup-stanley-cup.pl>stanley kubek</a> an FX platform designed for small- and medium-sized enterprises using Commonwealth technology. I think in the United States the provision of cross-border banking, payments and FX services by the big mainstream banks doesnt service that SME and mid-cap market in the U.S. particularly well, he told the publication. Having acquired Commonwealth, the ability to leverage their licensing structure and sales team to roll out Moneycorps transparent, fast, efficient service provision we believe will gi <a href=https://www.stanleycup.com.de>stanley deutschland</a> ve us a big advantage for customer acquisition. Moneycorp provides online and telephone payments and facilitated more than seven million transactions last year totaling $32.3 million in value, according to reports. This isnt the first time Moneycorp has looked to expand its FX operations ast year the company introduced its B2B service in Spain and expanded into Romania.Reports also said Moneycorp r |