| Walmart tests express grocery delivery, Two-thirds of Main Street SMBs not ready for restart, PPPâs banker versus borrower dilemma | | | Tradesy CEO: Millennial Women, Louboutin Shoes And Restarting The Economy The pandemic and tightening of consumer purse strings has created nothing short of a 'wild ride' for Tradesy, a peer-to-peer marketplace that sells luxury clothing, shoes and accessories to mostly millennial women. CEO and Founder Tracy DiNunzio tells Karen Webster there have been plenty of lows, but also more recent highs â and an interesting trend that she says could offer a glimmer of hope about reopening the economy and the end of #stayathome: Louboutin shoes are flying off the virtual shelves. |
| PPPâs Banker Versus Borrower Dilemma Monday, April 27, marked V.2 of PPP â the SBA began accepting applications, an expanded pool of lenders began processing them, and Treasury announced plans to audit borrowers who received PPP loans over $2 million. In this fifth episode of PYMNTS PPP Live Roundtable, Ingo Money CEO Drew Edwards, Planters First Bancorp CEO Dan Speight and Luz Urrutia, Opportunity Fund CEO, hosted by Karen Webster, said that, the applications process seemed to work better for the bankers this time, but the Administrationâs stance could chill demand from the borrowers. Hereâs why. |
| Moving 5G Beyond The Marketing Realm And Into Reality The pandemic has proven that individuals and workforces can be dispersed and still operate efficiently, and a long-term embrace of 5G and a wealth of data-driven use cases is already underway. But Alex Gellman, CEO of Vertical Bridge, tells PYMNTS that true 5G adoption will require a mix of education, infrastructure deployments and government/private-sector collaboration. |
| Mom And Pop Merchants Eye Digital Pivots Built To Last Much is still unknown about what comes next for the economy, but Ecwid CEO Ruslan Fazlyev tells Karen Webster that every merchant worldwide – including the smallest of the SMBs – needs to accept that change isn't coming, it's already here. Here’s how he’s seeing even the really small merchants use technology and tools to play really big. |
| PODCAST: Retail Reinvention |
| Why It’s Too Soon To Count Out Brick and Mortar Retail Nick Molner, co-founder and CEO of BNPL firm Afterpay, thinks brick-and-mortar retail isn’t dead, but sees two big changes coming. He says smart retailers – especially smaller ones – can use those trends to not only expand into digital sales, but to also attract a new tier of customers as well. Here’s how. |
| | Main Street On Lockdown: Reinventing The Road To Recovery | | NEW DATA: Two-Thirds Of Main Street SMBs Are Not Ready For The Post-Pandemic Restart Over 38 percent of consumers are now buying retail goods and groceries online more often than they did before, and 11.3 percent plan to keep it that way even after the stay-at-home mandates end. Yet less than a third of Main Street SMBs are adapting their operations to meet consumers' post-pandemic expectations. In Main Street On Lockdown: Reinventing The Road To Recovery edition, PYMNTS surveys 437 Main Street SMBs to learn why they are resisting consumersâ shift to doing commerce online. |
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