On December 16, 2018, the PNC Financial Services Group announced that it would be shutting down all of its online financial services business.
The company did not provide a reason for the decision and it is unclear what impact the shutdown will have on its investment portfolio.
However, it is possible that the Pnc Financial Services group will focus on its online investing products.
In the meantime, the company will focus more on the financial services businesses it already owns and will continue to develop new products.
PNC is not the only company that has been dealing with online retail businesses in the last few years.
Last week, the National Retail Federation (NRF) released a report stating that retailers like Walmart, Target, and Home Depot have struggled to retain and grow their online presence.
These retailers are the backbone of the consumer spending on online purchases.
While the NRF reported that the amount of retail business online declined from 2014 to 2016, the industry overall saw a 16% decline.
While retailers have made efforts to increase their online footprint, it appears that they have not been able to keep pace with the growth of online retail.
According to NRF, retailers are now losing market share to online retailers, while the overall number of online retailers increased from 2014-2016 by a staggering 36%.
While retailers will continue struggling with online sales growth, online retailers are also gaining new customers.
According the NRG, online sales have reached nearly $2 trillion for the first half of 2018, and more than $1 trillion has been invested in online retailers.
These online businesses are now growing in numbers and customers, with retailers now seeing the most growth of any sector.
However in addition to the continued loss of online businesses, retailers have also experienced a decline in the number of sales and visits to their websites.
For example, the number one reason cited for online business closures is the decline in traffic from social media.
In 2016, retailers spent $1.6 billion on online advertising.
This number was an increase of 23% from 2015, when the industry spent just $1 billion.
Additionally, online advertising has decreased in recent years, with sales declining by almost 7% from 2016 to 2017.
In 2017, the NRM reported that there were only 11,700 online retailers that received a minimum of $1 million in revenue, compared to 37,700 in 2016.
The industry has also seen a decrease in online traffic.
In fact, the report stated that online traffic has fallen from its 2015 peak of almost 4 million visits per month to around 4 million in 2017.
This decrease in traffic also affects the retailers that are in the middle of building their online businesses.
In 2018, only 1,800 retailers had a minimum revenue of $50 million in total revenue, down from 2,600 in 2017, according to the NRMF.
This decline has also resulted in a drop in the average selling price for retail sales, as the industry saw a reduction in sales and customer visits to its online businesses as a result of the downturn in online business.
While online businesses may be losing customers, retailers continue to have some success.
According a report from the Pinnacle Group, online retail sales reached $4.6 trillion for 2017, a 33% increase from 2016.
This growth is attributed to the growth in social media, the online retail sector, and the growing number of customers who visit online retailers’ sites.
In addition to increased online sales, online businesses also benefit from increased customer loyalty.
According Pinnacle, online shopping and loyalty programs are increasing customer loyalty in the online industry, with more customers choosing to shop online and spend less time at brick-and-mortar stores.
For more information, visit Pinnacle.com.
The views expressed in this article are the author’s own and do not necessarily reflect the editorial stance of The Daily Caller News Foundation.