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Powering Retail Innovation With Digital Technology

PYMNTS

The company brought its app and device to market just two weeks ago. In investments, retail dispute management firm Chargeback closed a funding round to speed up growth and to help retailers reduce credit card disputes. And in tech, the future of retail may include mobile scanning. All this, Today in Data.

Retail 150
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How Retailers Can Ride The Rise Of Mobile Wallets

PYMNTS

Starting with the release of Apple Pay in 2014, there was a veritable rush of proprietary mobile wallets sent to market, a host of “. And in many places, for the first time, our retailers are open to it. Mobile payments have long been billed as the next big thing. Pays” for consumers to choose from. Can we unpack it?’

Mobile 289
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Why The Biggest US Retailer Will Stick To Stamps

PYMNTS

Quick: Who’s the biggest retailer in the U.S.? In terms of sheer size and locations, the United States Postal Service (USPS) is the biggest retailer in the country, with 31,000 locations covering pretty much every town. Now, a new report is asking a good question: What if the post office expanded its retail offerings?

Retail 169
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Costco’s First China Store Signals Broader Retail Trend Into Foreign Markets

PYMNTS

The answer may hold lessons for other retailers eager to do more in the Chinese market. As well, other foreign retailers have stumbled on the general path Costco seems to be taking in China. Additionally, the smartphone market is getting saturated. Costco Wholesale Corp.

Marketing 101
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Amazon Replacing Retail Vets With Software

PYMNTS

Amazon is replacing some of its retail veterans with software that predicts what shoppers want and how much merchants should charge for it. The shift to automating retail team jobs started several years ago with an initiative called “hands off the wheel.” Amazon is so cutthroat and crowded,” she says.

Software 108
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Subscription Commerce Is Expanding Beyond Retail

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News came last week that Facebook is trying to get into the video streaming subscription business and attempt to steal market share from YouTube and Amazon. Subscription commerce is attractive to entertainment platforms as well as retail businesses because it locks in revenue streams, and customer data can help with planning and forecasting.

Retail 118
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US Retailers Expanding Rapidly Abroad

PYMNTS

American retailers are showing a voracious appetite for global real estate expansion as they build their footprint overseas. The rapid expansion has a hit a new high with American retailers opening more stores abroad than retailers from any other country, findings from a new CBRE report say. The closest competitor to the U.S.

Retail 100