article thumbnail

What Innovators Can Learn From Netflix

PYMNTS

But the one thing that might work is taking a page from the innovation playbook that Netflix seems to have written and followed over the last 22 years. In 2010, Blockbuster declared bankruptcy, a decade after famously telling Netflix, which then had $5 million in annual sales, to get lost when they suggested that Blockbuster buy them.

article thumbnail

Retailers Give Fresh Focus to Single Consumers

PYMNTS

Forget millennials, that consumer segment that is blamed for the downfall of most everything while also being the target of many innovative efforts. Single consumers are a force of nature as well when it comes to retail. At least that’s the case when talking about toilet paper – specifically, the Charmin Forever Roll. Shifting Tide.

Retail 133
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Thanksgiving Innovation 101: The Turkey

PYMNTS

There isn’t a lot of room to really innovate the Thanksgiving turkey. The Instant Pot multi cooker was the idea that ended up being the solution to both of those problems and in 2010 the first-generation product launched on Amazon. So is this innovation worth investigation? Or is there? The Instant Pot Solution.

article thumbnail

Is There An Empty Retail Store Crisis?

PYMNTS

Layoffs in the retail sector have soared high this year. The number of layoffs has already well surpassed April’s projection of 37,000 retail positions cut by year’s end. The retail sector lost over 43,600 jobs as of mid-August alone, a number already towering over the 30,273 retail jobs shed back in 2010 and previous estimates.

Retail 100
article thumbnail

Former Walmart SVP Daniel Eckert Tapped As Green Dot EVP

PYMNTS

According to the release, Eckert helped to grow Walmart’s business by nearly three times what it was when he joined in 2010. Henry said Eckert had “served as a catalyst for Green Dot’s creativity” as he worked for better innovations for various programs and platforms the company supported.

Strategy 159
article thumbnail

i2c, Sightline Team Up For Cashless Cross-Channel Gaming 

PYMNTS

Founded in 2010, Sightline has experienced 744 percent revenue growth since 2015. The card is reloadable and can be used on any service (gaming, hospitality, entertainment and ATMs) at the resort, in brick and mortar retail worldwide, and online. . There are more than 2.5

Oregon 232
article thumbnail

Startup Spotlight: GPShopper And The Overdue Evolution Of Luxury Retail

PYMNTS

Retail isn’t all about taking people’s money. Yet luxury brands have been slower than most other retailers to embrace digital innovation – for storytelling or for anything else. To provide the customer service that is demanded by discerning customers today, she said, retailers absolutely must be on those platforms.

Retail 129