All articles tagged with #retail revenue
Originally Published 4 months ago — by GameSpot
Former industry executives, including a former Xbox VP, criticize Xbox Game Pass for potentially harming retail game sales and not adequately compensating content creators, raising concerns about the long-term health of game development and the industry.
Originally Published 1 year ago — by CNBC
Department stores like Macy's and Kohl's are facing a potential revenue squeeze as the Consumer Financial Protection Bureau's new rule will cap late fees on store-branded credit cards at $8, down from an industry average of around $32, starting this spring. This change is expected to impact retailers' highly profitable business of making money from customers' credit card swipes and the interest or late fees that get tacked onto their unpaid balances. Specialty retailers with store cards, such as Gap, will also feel the pinch, but it'll be most significant at department stores, which are already under pressure due to declining revenue. Retailers are exploring strategies to offset the potential losses, such as increasing APRs or transitioning customers to co-branded cards that can be used for other purchases.