PYMNTS

NOVEMBER 26, 2019

Luxury and upscale retail are undergoing some significant changes as the holiday shopping season kicks off and a new decade approaches. The retailer recently delivered earnings that beat analysts’ expectations for the recently completed financial quarter, even as its net sales declined year over year. Social Retail.

Retail 131

Retail Online social media United States 131

PYMNTS

MAY 2, 2018

Retailers and retail landlords are reporting strong first-quarter earnings results, beating analysts’ expectations in many cases. As quick-service restaurants (QSRs) look to the future, digital innovations such as self-serve kiosks and delivery are on top of mind. percent in the United States.

Retail 101

Retail Technology South Carolina Honolulu 101

PYMNTS

JANUARY 10, 2020

Coffee retailers are tapping into digital technology that helps them grow their reach beyond their stores, especially in China, where competition has been brewing between Chinese coffee chain Luckin Coffee and Starbucks. Luckin is hardly the only retailer tapping into the potential of vending machines.

Retail 131

Retail Detroit Michigan Branding 131

PYMNTS

DECEMBER 30, 2020

Department stores are struggling in a digital-first economy, while forward-thinking retailers are looking at the returns process as an opportunity to create a positive customer experience. 97% : Share of consumers who will buy from a retailer again after having a positive returns experience. All this, Today in Data.

United States 261

United States Customer Experience Retail Data 261

PYMNTS

SEPTEMBER 16, 2019

And, as consumers have many options, fast-casual and quick-service restaurants (QSRs) realize they must meet growing diner expectations and embrace technology to stay relevant. And food-ordering platforms are teaming up with restaurant technology companies to make it easier for eateries to accept delivery orders.

Innovation 192

Innovation Mobile Groups Indiana 192

Jeff For Banks

NOVEMBER 28, 2023

I asked Google Bard, a large language model tool, the following: "Describe the future of banking in the United States in buzzwords." Decentralized finance (DeFi) : DeFi technologies, such as blockchain and cryptocurrencies, will disrupt traditional banking models and create new opportunities for financial inclusion.

United States 92

United States Analytics Risk Management Google 92

PYMNTS

SEPTEMBER 10, 2019

Sometimes innovation in the commerce and payments space is a matter of a new technology or a new process. That might not sound like such a big deal, but it really is – at least when it comes to Amazon and retail fulfillment in the U.S. where higher land and construction costs deterred developers,” the report states.

Innovation 243

Innovation Seattle California United States 243

PYMNTS

JULY 24, 2019

The Justice Department is right to be looking into Amazon’s practices as part of its antitrust review of big technology companies, Treasury Secretary Steven Mnuchin said Wednesday (July 24). . “I A broad antitrust review of big technology companies was announced by the Justice Department on Tuesday (July 23).

Retail 128

Retail US Massachusetts United States 128

PYMNTS

NOVEMBER 6, 2019

Ikea and Hennes & Mauritz ( H&M ) are putting money into technology startups as a way to help them sidestep retail disruption, the Financial Times (FT) reported Wednesday (Nov. It was the first acquisition of its kind by the company in the United States, Ikea’s second-largest market behind Germany.

Retail 103

Retail United States Capital US 103

PYMNTS

MAY 24, 2019

The clothing rental market in the United States is projected to reach $4.4 This might attract customers, but retaining them requires constant innovation. While the rules of fashion may change completely in a few short years, the golden rule of retail will always remain the same: The customer is always right.

Innovation 134

Innovation United States Online Millennials 134

PYMNTS

JULY 22, 2020

The firm said the acceleration was mainly fueled by quicker growth in the United States, Brazil, Western Europe and a good share of APAC, according to the Monday (July 20) report. “At

United States 260

United States Retail Maine Online 260

PYMNTS

JULY 29, 2020

(and a can-do spirit), a country that rewards ambition and innovation — and where individual success stories of, say Google and Amazon customers are folded into the testimony in efforts to show how tech can help smaller firms pivot and embrace the great digital shift. More than 80 retailers in the U.S.

Innovation 168

Innovation Apple Google Texas 168

PYMNTS

JULY 2, 2018

When it comes to online orders, retailers selling groceries — or even takeout food — face a constant balancing act: How can they quickly deliver orders at a reasonable price? The move comes as Kroger — like many retailers — is making a push into digital with its Restock Kroger initiative and seeking to expand its coverage area.

Retail 108

Retail Technology United States Examples 108

Perficient

FEBRUARY 2, 2023

A biometric payment is a point-of-sale technology that authenticates payments by pairing a payment card with a physical identifier of the cardholder. The Mastercard’s pilot biometric technology , on the other hand, if widely adopted, would require more intensive widespread hardware and software updates. million this year and 94.4

Industry 471

Industry Trends social media Payments 471

PYMNTS

NOVEMBER 16, 2020

16), the retailer announced in a press release emailed to PYMNTS. The purchase process will involve scanning QR codes on mobile devices, CVS stated in the release. Customers at 8,200 CVS Pharmacy locations can use PayPal and Venmo to pay for purchases contact-free starting Monday (Nov. The partnership.

Payments 264

Payments United States Retail Resources 264

PYMNTS

AUGUST 9, 2019

Outdoor apparel retailers are reinventing their brick-and-mortar spaces to connect with customers by making stores into destinations that offer experiences. In the updated retail space, the company said, customers will “immediately feel The North Face heritage and experience the brand’s values.” In Other Brick-and-Mortar News.

Retail 108

Retail New York City New York United States 108

PYMNTS

MARCH 8, 2019

Retailers are bringing omnichannel experiences to consumers by bridging the worlds of online and brick-and-mortar commerce through offerings such as buy-online-pickup-in-store (BOPIS). Following that trend, Fast fashion apparel retailer rue21 recently announced it plans to bring the offering to more than 700 stores.

Retail 116

Retail Dallas United States Online 116

PYMNTS

OCTOBER 21, 2020

21) that the company is expanding its contactless Tap To Phone (TTP) payment systems to more than 15 markets worldwide, with plans to bring the mobile tech to the United States sometime next year. In January, Bowman told PYMNTS that while TTP was reshaping retail , it also drove innovation in other industries.

Mobile 274

Mobile United States Payments Retail 274

PYMNTS

DECEMBER 11, 2020

The pandemic is proving to be a tough loyalty test for retailers, as they are competing for customers’ attention in an environment where competition is still present in both online and in stores. Retailers must, therefore, assess what type of shopping experiences consumers are searching for, as well as how to provide swift payments.

Online 241

Online Payments Retail United States 241

PYMNTS

NOVEMBER 22, 2019

Retailers are tapping into voice technology to help consumers order their favorite products such as restaurant takeout as they expand their artificial intelligence (AI) strategies. 30 of this year in the United States, Canada, the United Kingdom, France and Germany.). “We In Other Brick-and-Mortar News.

Retail 139

Retail Strategy United States Comparison 139

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. The pandemic has sped up the digital roadmap for everyone in financial services, providing for more innovation in the last few months than had been seen during several years. Innovating The ATM Beyond Cash. The Flaw In Demonizing Big Tech.

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Maine ATM Innovation Millennials 130

PYMNTS

APRIL 24, 2020

COVID-19 has closed bank and credit union (CU) branches across the United States, sending the demand for digital banking solutions soaring as consumers hop online to manage their finances from home. However, CUs are not the only financial institutions (FIs) looking to offer digital banking innovations to their members.

Data 187

Data Innovation Digital Banking Meeting 187

PYMNTS

JUNE 27, 2019

To provide consumers with fresh, on-the-go food in an eco-friendly way, innovators in the culinary space are bringing salads and other options to vending machines. At the same time, according to the latest PYMNTS Automated Retail Tracker , the estimated number of vending machines in the U.S. The Automated Retail Market .

Retail 108

Retail New York City New York Chicago 108

Bank Innovation

DECEMBER 2, 2016

The personal lending space in the United States, conservatively estimated to be around $3 trillion in 2016, is seeing continued disruption. One of the latest innovative offerings in the lending space comes from a traditional investment bank: Goldman Sachs has looked to expand its presence in the retail banking space Read More.

Maine 150

Maine United States Lending Retail 150

PYMNTS

JULY 5, 2019

Retailers are bolstering their supply chains in China as they seek to enhance their service and offer customers fresh products. The post also pointed out that the retailer invested over RMB 700 million – which is approximately $100 million – to create the South China Fresh Food Distribution Center. Other Brick-and-Mortar News.

Retail 101

Retail San Diego blockchain Phoenix 101

PYMNTS

MARCH 30, 2020

The organization said that “the aim is to explore the potentialities offered by this technology, and to identify concrete cases integrating Central Bank Digital Currencies [CBDC] in innovative procedures for the clearing and settlement of tokenized financial assets.”

Denver 246

Denver Bitcoin Colorado United States 246

PYMNTS

FEBRUARY 14, 2019

And these digital services are only expanding in the United States as well as other places around the world. From 7-Eleven to H&M , retailers are adopting digital payments and artificial intelligence (AI) technology to bring more convenient experiences to their customers. Netflix, for instance, added 6.4

Retail 129

Retail Online Payments United States 129

PYMNTS

AUGUST 10, 2018

Traditional retail locations, ranging from fashion and home furnishings to hardware and department stores, have been forced to make significant changes in the face of heightened competition from eCommerce giants like Amazon and omnichannel powerhouses, like Walmart and its online unit, Jet.com.

Digital Strategies 104

Digital Strategies Retail Strategy Los Angeles 104

PYMNTS

MAY 21, 2020

In the United States, the digital dollar was floated in a draft proposal of one of the early stimulus bills. Patent and Trademark Office that would create a digital currency underpinned by blockchain technology. However, a retail CBDC accessible to all would be a game-changer.

United States 244

United States Regional cryptocurrency Retail 244

PYMNTS

FEBRUARY 14, 2020

Brick-and-mortar retailers are opening smaller-scale locations packed with technology designed to meet the needs of shoppers in cities. The retailer said that “almost 90%” of the selections in the store were chosen to meet the needs of Mansion House customers. billion by 2024 from £18.5 billion last year per IGD.

Miami 130

Miami United States New York City Retail 130

PYMNTS

AUGUST 16, 2019

Brick-and-mortar retailers are teaming up with social media platforms to curate labels for their stores and their websites. Kohl’s , for instance, will bring emerging brands to over 50 physical retail locations and online starting in the fall through Curated By Kohl’s. In Other Brick-and-Mortar News.

Branding 101

Branding Retail social media Houston 101

PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. BMO on Taking a Digital-First Approach to Retail Banking. Bank client preferences have moved toward self-service technologies over branch visits in recent years because of ease of use and improved convenience.

Cards 131

Cards Technology social media Meeting 131

PYMNTS

MARCH 29, 2019

American quick-service restaurants (QSRs) are growing in markets around the world that are thousands of miles away from the United States. As it stands, the quick-service pizza chain has more than 15,900 stores in over 85 markets around the world and over half of its global retail sales are through international locations.

Retail 122

Retail Branding Dallas Marketing 122

PYMNTS

MARCH 5, 2017

The report found that 32 percent of transactions used cash in 2015 and that demand for cash remains strong in the United States. And cash’s popularity isn’t limited just to retail purchases. PayNearMe allows consumers to pay bills with cash by visiting local retail partners like Family Dollar or 7-Eleven.

Technology 100

Technology San Francisco Analysis United States 100

PYMNTS

DECEMBER 7, 2018

Big retailers are opening smaller-format stores in major U.S. The store, which will be located in the Upper East Side, will be the first of its kind for IKEA in the United States. Already, the retailer has opened a Planning Studio across the pond in London in October. In the announcement, IKEA Retail U.S.

Retail 122

Retail San Francisco Arizona Los Angeles 122

PYMNTS

OCTOBER 29, 2019

The accelerator will create new products, technologies and services that exist in the meeting place of retail shopping and consumer financial services. The new FinTech accelerator will focus on integrating omnichannel shopping with technology-enabled solutions for consumers and businesses alike. 1 of next year.

Fintech 103

Fintech United States Retail Innovation 103

PYMNTS

OCTOBER 29, 2019

The accelerator will create new products, technologies and services that exist in the meeting place of retail shopping and consumer financial services. The new FinTech accelerator will focus on integrating omnichannel shopping with technology-enabled solutions for consumers and businesses alike. 1 of next year.

Fintech 101

Fintech United States Retail Innovation 101