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Retailers Rethink Store Concepts, Digital Strategies Amid New Realities

PYMNTS

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.

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India’s Future Group Cuts eCommerce Venture, Lays Off About 400

PYMNTS

Future Group , the Indian conglomerate headquartered in Mumbai, is downsizing its eCommerce division Retail 3.0 The idea was to convert the entire offline journey of a Future Group consumer into the online world,” founder Kishore Biyani said in 2017 regarding Retail 3.0. Shares in Future Retail rose 13 percent on Nov.

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Nordstrom Beats Q1 Estimates Amid Focus On Digital

PYMNTS

As Nordstrom ramps up its digital efforts, the department store retailer reported better-than-expected first-quarter earnings. The retailer delivered total sales growth of 5.8 percent, but the company also saw an 18 percent increase in sales enabled through digital capabilities compared to the previous year.

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Walmart Pushes Digital Innovation During Investor Day

PYMNTS

.” “We are getting to reimagine retail and our business … expect us to test a lot and fail a lot,” he said. Just ahead of its annual investors meeting, Walmart lowered its fiscal 2019 forecast for adjusted earnings per share to a range of $4.65 Walmart is forecasting 35 percent online business growth for next year.

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eBay’s Head Of Payments On Localizing Buyer-Seller Experiences

PYMNTS

The COVID-19 pandemic is driving consumers online to shop and pay, and their rapidly changing shopping habits are forcing merchants to rethink their digital strategies. percent year-over-year increase since 2019. Around The Payments Orchestration Ecosystem.

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4 winners and losers from the American Banker Digital Banking 2018 Conference

Gonzobanker

But what’s concerning me more than the gulf between big banks’ and community/regional banks’ digital adoption is the growing disconnect between bank strategy and digital strategy in community and regional banks. See you can align your business and digital strategy. And yes, you can humanize digital banking.

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Why Digital’s 3.0 Shift May Take Longer Than We Think

PYMNTS

Any business, new or old, that hasn’t used the last 12 weeks to rethink its business focus, business model and digital strategy likely won’t make it in the long term — but not because an overnight sensation will emerge in the next few months to eat its lunch. There is, of course, some truth to this. billion in sales by 2023.