Updated: February 2, 2021, 11:49 am
The buy now pay later (BNPL) market has exploded in popularity as people have shopped online during coronavirus lockdowns (Tim Goode/PA)
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The buy now pay later (BNPL) market has exploded in popularity as more people have turned to shopping online during coronavirus lockdowns.
Shoppers buying everything from fashion items, to gadgets, sporting equipment and household goods may be presented with a range of slick and easy options to spread the costs with a few clicks – even though they may have originally been planning to pay in full.
macy s is getting hammered and chico s, the list goes on, amazon is opening up retail stores brick and mortar store, is there a new thinking here? they have incredible online infrastructure that none of the brick and mortar stores can touch, all of the stores, wal-mart, target, kohl s, big-box stores are really trying to scale and take away the market share away from amazon, spent all of this money, capital expenditure trying to beef up their ability to go ahead and online shop and shop from your phone or i pads, laptop and try to charles: target, target is the number one retail stock of the year, its stock is a lot more than amazon this year and what they re saying, you know, curb-side pickup, same-day delivery from a store, they actually feel like they have an advantage over over amazon which has to build the big warehouses everywhere they go or buy them.
national retail federation that found 44% of holiday shoppers had it done before the past weekend and another quarter or so did their final shopping on supersaturday and sunday, 7% still out trying to get the last-minute gift today in places like this, you can t get anything and more online and delivered in time. this is the line for santa claus. a big down day in the market today, but that was despite the fact that retail stock today did very well. abercrombie and fitch up, american eagle also up and so a positive day for retailers indicating a positive christmas.
holiday shoppers had it done before this past weekend. another quarter or so did their final shopping on super saturday and sunday over the weekend. 7% still out trying to get that last-minute gift today. places like this, bricks and mortar. you really can t get anything online and get it delivered in time. this is the line, by the way, for santa claus. not a santa claus rally on wall street. a big down day on the market today, but that was despite the fact that retail stock today did very well. abercrombie & fitch. best buy. american eagle also up. so a positive day at least for retailers, which indicates perhaps a positive christmas. there you are seeings. santa claus. one of the most popular santa clausesta in chicago. they say he s the real one. we will see if this christmas is a real santa claus christmas for
so low, the retail industry was already making moves to be more competitive. walmart raised its starting hourly pay to $11, targeted the same to $12. one analyst told me amazon s move was a headache for any company smaller than amazon. with a market cap of $1 trillion, amazon can t afford to pay its people more. this time of year, extra turkey as well, retailers make at least one-third of annual sales between halloween and new year s. no matter how strong holiday sales are, profits will be narrower because of paying workers more. in reaction today, every major retail stock closed down. john? john: deirdre bolton for us tonight in new york. thanks. up next, where you can get a get out of jail free card if you are caught with illegal drugs. first, though, here are some of what our fox affiliates around the country are covering tonight. fox 32 in chicago where police officer jason van dyke takes the stage today in his own defense.