The FINANCIAL — Bank of America announced their approximately 67 million clients made $294 billion in total payments during February, a 16% increase over February 2021. This follows a 5% increase in total payments in February 2021 when compared to pre-pandemic levels in February 2020. This marks a continuation of the strong consumer payments and spending observed in January, as well as a record $3.8 trillion in total payments in 2021.…
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Things are changing—fast. The retail sector continues to reflect these changes as…
The FINANCIAL — Bank of America announced their approximately 67 million clients made $294 billion in total payments during February, a 16% increase over February 2021. This follows a 5% increase in total payments in February 2021 when compared to pre-pandemic levels in February 2020. This marks a continuation of the strong consumer payments and…
Things are changing—fast. The retail sector continues to reflect these changes as it keeps up with consumer demand. Since the pandemic’s onset, retailers’ reactions to government regulations limiting capacity and consumer demands for equity and authenticity have been finessed into smarter, more flexible responses, says Barbara E. Kahn, Patty and Jay H. Baker Professor and…
