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Macys reported on its Q4 and FY results on Tuesday Feb. 23 , which were led by a 21 percent increase in digi
stanley borraccia tal sales and rising delivery costs. The retailer also forecast that its eCommerce business would hit $10 billion by 2023. The company, best-known for its flagship 34th Street Manhattan location and sponsorship of the Thanksgiving Day Parade, told investors that it sees itself as a digitally-led, omnichannel retailer thats facing a year of recovery and rebuilding .In announcing its fourth-quarter and full-year results, Macys said that increasing digital sales allowed the company to post its third consecutive quarter of sequential growth during the critical holiday shopping season. We saw solid holiday demand in November and December, which continued into January, Macys Chairman and CEO Jeff Gennette told investors on the companys earnings call.Officially, Macys said its net sales fell 18 percent to $6.8 billion for the three months en
stanley cup ding Jan. 30. At the same time, the operator of 750 stores said its digital revenues rose 21 percent and accounted for 44 percent of net sale
stanley nz s, with 25 percent of online orders being fulfilled in stores, including curbside pickup and same-day delivery. Macys also said it returned to profitability with adjusted net income of $253 million or $0.80 per share. It also noted that it added seven million new customers in the quarter, many of which were younger than 40 years old. 2020 was a year of unprecedented disruption, Gennette said, no Zubs Uber Mulls Bringing On Minority Investor For Self-Driving Unit
In payments processing, price matters, but service matters more. Could it be that the human touch is what matters most in processing 鈥?but has fallen by the wayside In an interview with PYMNTS Karen Webster, T1 Payments CEO Don Kasdon stated that a few themes have dominated the merchant services industry in the past few years and are likely to continue.Among the biggest trends changing the payments landscape, said Kasdon: The c
stanley deutschland onsolidation [among merchants services] has gotten ridiculous. Everybody is buying each other, and by 2020, theres likely to be 10 large players, and that is it 鈥?A lot of the basics are getting lost in the transition. Amid this backdrop, T1 Payments, said Kasdon, operates as a domestic PSP and has just finished its licensing process in Europe in order to cement its status as an international PSP as well. The clientele, he said, spans regular retail, all the way up to the eCommerce side 鈥?actually everything, and we have everything from cruise liners up to restaurants. And where there may be just a handful of firms compe
stanley cup ting for the same business, as a PSP, Kasdon noted that his firm takes on board everything 鈥? risk, payout, you name it. But in the interest of running business smoothly across clients and the risks t
stanley us hey carry, Kasdon noted that we have a gut check on every client that is conducted jointly across all of T1 Payments staff members. If we hear of anything that is kind of odd on a customer service phone call, someone will come grab me 鈥?
