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Returns Come Back To Haunt eCommerce Amid Pandemic

PYMNTS

With the retail industry sliding into Mother’s Day in just a week, the return issue is bound to raise its head. Some stats around the issue show just how substantial it is for retailers. And if a retailer charges too much (or charges at all) 57 percent of millennials will bail on future business. Now add a pandemic.

Policies 185
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Signatures Sizzle (Because They Fizzle) And Retail Defaults Alarm

PYMNTS

It was a record-breaking first quarter for retailers in the U.S. According to a report issued by Moody’s earlier this week, the retail sector managed to notch a record number of defaults during Q1 2013, with nine retailers defaulting on their debt. As a result of the series of retail fails, the default rate of high-risk U.S.

Retail 116
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Recreating The Hotel As A Social Hive 

PYMNTS

However as is often the case with old things made new by retail needs, the microhotel deserves a second glance. I really think the genesis of that is coming from millennials. And millennials are a very interesting group to watch. And candidly, they’re right,” Jim Abdo told The Washington Post.

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Will Medical Services Be Pharmacies’ Secret Weapon?

PYMNTS

Among millennials, 45 percent report having no primary care doctor. These trends are more evident among millennials, but not unique to them. VillageMD will operate primary care clinics within five Walgreens stores. And that figure, according to a Kaiser Family Foundation study , can vary depending on the age of the person.

Houston 118
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Now Boarding: On-Demand Food Delivery With Airport Sherpa

PYMNTS

To connect with customers, restaurants — or other airport retailers — can hook into Airport Sherpa’s system in two different ways. In one case, the app can be integrated with a retailer’s own point-of-sale (POS) system. Either way, airport retailers can generate incremental revenue by reaching customers throughout the airport.

San Diego 109
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Deep Dive: Why Smart Cities Should Get Smart About Digital ID

PYMNTS

Smart trash receptacles are already being used to alert sanitation crews where trash collection services are needed, allowing them to adjust their routes and operate in a cost-effective manner. As the millennial population grows, the implementation of smart city technology will accelerate. Idaho, Colorado, Maryland and Washington, D.C.,

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Digital Disruption

Independent Banker

“We are going to have to lean into this digitized world, so that we can continue to serve our customers well into the 21st century,” ICBA President and CEO Cam Fine told the 24th World Congress of Savings and Retail Banks in Washington, D.C., Coming of age during the Wall Street crisis, these independent thinkers don’t trust banks.