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The Year In Data: Measuring 2020’s Payments Innovation

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Key Data Points: Consumers are performing 12 percent more activities at home in 2020 than they did in 2019 and making purchases during 12 percent of those activities, on average. percent made voice-assisted purchases while shopping for groceries or retail goods in the last 24 hours. 31 percent bank via app. 30 percent saw a decline.

Data 277
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Deep Dive: Why Retailers Are Merging Online, In-Store Shopping For The Omnichannel Age

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Consumers have shopped online, via mobile devices and at brick-and-mortar stores in various capacities for years, but the pandemic is dramatically expanding the connections between these channels. billion online in Q2 2020. The rise of omnichannel . This means eCommerce now accounts for 16.1 percent of overall sales in the U.S.,

Retail 243
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Digital-First Economy Redefines Retail And Consumer Behavior

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When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. More consumers are going online to shop and pay as the pandemic progresses. The numbers speak for themselves. It was the catalyst for most every business dynamic in the category.

Retail 295
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Digital Approaches To Retail And Corporate Spend

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Walgreens has followed in the footsteps of Walmart and Amazon to join the retailer-as-ad-agency trend , while BigCommerce recently launched Open Checkout to let developers, retailers and partners create tailored checkout experiences. 88% : Minimum share of all digital shopping carts abandoned by shoppers in March 2020.

Retail 187
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Retail 2021: The Five Things Retailers Should Be Talking About At NRF This Week

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Every year for the last 110 years , members of the retail trade group, known as the National Retail Federation (NRF), have assembled to discuss the slate of issues pertinent to its members. COVID-19, of course, didn’t cause physical retail’s steep decline — it just accelerated it. Retail is now about logistics and the last mile.

Retail 309
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Luxury Retail Steps Up Its Offline And Online Game

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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
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Retail 2020: Looking Back On D2C Brands

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Direct-to-consumer (D2C) brands came in two flavors during 2020. The first were the Pepsis, Heinzes and Krafts that either didn’t like their retail distribution or saw a pandemic-driven opportunity to get new products in new configurations to the consumer. What also makes Spiceology unique are the blends.

Branding 162