PYMNTS

NOVEMBER 27, 2020

From restaurants to the farthest reaches of retail, rapid digitization is making the best of the COVID-19 mess while setting up conditions for an elevated set of future payments experiences. According to the 2021 New Merchant Business Models Playbook , “41.9 Where the Consumers Are.

Survey 277

Survey Innovation Online Retail 277

Perficient

NOVEMBER 23, 2020

If your business is distributing or supplying other businesses where customers may need to interact in person, such as restaurants, retail stores, hotels, etc., However, there are also more use cases to come in 2021, and here is how I see it playing out and why it’s important for B2B organizations to start planning now. Why you ask?

Company 354

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PYMNTS

JANUARY 15, 2021

In retail technology, Toshiba Global Commerce Solutions ’ new Elera system aims to supplant in-store IT systems with a new cloud-enabled technology. And in digital innovation, mobile payments are bridging the cash and digital divide in Pakistan. 80% : Share of Pakistan’s adult population that is unbanked.

Technology 275

Technology Innovation Retail Payments 275

PYMNTS

JANUARY 18, 2021

"Even after the pandemic subsides, the digital acceleration we experienced in 2020 will not — it is here to stay," she says in " A Look Forward: What Executives Wish for America and the World in 2021.". Challenges And Opportunities Ahead In 2021. 2021 is likely to be the year when omnicommerce moves from hype to reality.

Innovation 205

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PYMNTS

NOVEMBER 23, 2020

Retailers, too, had to respond and revise their checkout experiences when fears over the new coronavirus lingering on surfaces led to consumers becoming reluctant to exchange cash with store clerks or insert payment cards into point-of-sale (POS) terminals. To learn more about these developing trends and strategies, download the playbook. .

Report 192

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Gonzobanker

DECEMBER 17, 2021

Gonzo readers, 2021 was just plain schizophrenic. 2021 fintech investments, merger activities, and overall focus were off the charts. Two, read and enjoy the 2021 GonzoBanker awards, our annual take on the best things we saw during the year. So which merger was the best in 2021? Doug Larson. THE BANKER AWARDS.

Fintech 148

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PYMNTS

JANUARY 25, 2021

In today’s top retail news, Cox Automotive has released its Complete Retail online experience, and Pinterest is introducing an augmented reality (AR) try-on tool to help users with testing and comparing eye shadow. Cox Automotive Launches End-To-End Car Retail Experience. Cox Automotive Launches End-To-End Car Retail Experience.

Retail 207

Retail Georgia Tools Conference 207

PYMNTS

APRIL 15, 2020

COVID-19’s impact on the cruise industry is so far not affecting reservations for 2021, which are up 40 percent over 2019. Bookings for 2021 are strong.”. According to figures from CruiseCompete.com, cruise bookings are up 40 percent for 2021 compared to 2019, company head Heidi Allison told the Los Angeles Times.

Los Angeles 174

Los Angeles Industry Security Company 174

Perficient

MARCH 18, 2021

Adobe Summit 2021 is fast approaching and promises to offer numerous sessions on products across the Adobe Experience Cloud suite. We have recently helped a sporting goods retail company, MonkeySports , migrate from Magento 1 to Magento 2 on both their Canada and U.S. That is where a digital consultancy comes into play.

Customer Experience 539

Customer Experience Management Retail Industry 539

PYMNTS

DECEMBER 6, 2020

Mastercard , in its just-released Mastercard Economics Institute ’s Economy 2021 report titled “The E-Conomy is Here to Stay,” looks at the past year's economic trends in order to see what's coming next for businesses, according to a press release emailed to PYMNTS. A total of 74 percent of new U.S.

Maine 177

Maine Regional Study Survey 177

PYMNTS

SEPTEMBER 28, 2020

As 2020 limps toward its exhausting conclusion, get ready for a massive rebound in 2021 — for consumer spending , for small- to medium-sized businesses’ ( SMBs ’) top lines, and for the U.S. I actually think that 2021 may not be a good year — I’ll be blunt in saying that,” he told Webster. economy in general.

Fintech 291

Fintech Examples Industry Management 291

PYMNTS

AUGUST 6, 2020

Real estate trends for retailers are back in the news this week, as the pandemic-driven brick-and-mortar market starts to produce new business models and a fair amount of stability. The new business model involves leasing options for the retail sector. retail portfolio valued at $5.9 Example: One of the U.K.’s which owns 32.5

Retail 154

Retail Analytics New York Examples 154

PYMNTS

DECEMBER 17, 2020

In today’s top retail news, StockX has landed $275 million in a Series E funding round, while Rite Aid Corporation reported as part of its fiscal 2021 third quarter results that revenues rose by 12 percent. Fashion Retailer rue21 Strikes Deal To Retire Debt. Clothing retailer rue21 (r21 Holdings, Inc.) million members.

Retail 226

Retail Report Company Pennsylvania 226

PYMNTS

NOVEMBER 21, 2018

A new report has predicted that recurring transactions processed on debit and credit cards in the United States will reach $473 billion by 2021. Recurring Payments Market Forecast, 2017–2021: Set It and Forget It,” has explored U.S. The report , “U.S. market size and reviewed service offerings from seven providers in the U.S.

Cards 167

Cards Payments United States Retail 167

PYMNTS

DECEMBER 18, 2020

It requires moving away from the “sell the sizzle, not the steak” model of moving retail goods to one of observing the customers and modifying offerings to what the data indicates they want. The World In 2021 . But whenever the shift back to a more physically interactive world begins, it will also mark a new chapter in retail.

US 301

US User Experience Retail Company 301

PYMNTS

JANUARY 19, 2021

Chuck Huang, founder and CEO of Citcon , explores how the pandemic has prompted retailers to capitalize on the surge in demand for contactless, digital payments. "As Progressive retailers have paved the way for this with email collection at registers, enabling them to connect their customers’ behavior in-store with them online.

Retail 211

Retail Payments Online Marketing Strategies 211

PYMNTS

JANUARY 26, 2021

Flywire Said To IPO In Late 2021 With A $3 Billion Valuation. has tapped investment banks to gear up for an initial public offering (IPO) in 2021 that could provide the firm with an approximately $3 billion valuation, Reuters reported, citing unnamed sources. TCH’s Waterhouse: Real-Time Payments’ 2021 Focus Is On Smarter, Safer.

Technology 154

Technology Payments Strategy Retail 154

Independent Banker

NOVEMBER 30, 2021

I don’t see how we’re going to do better next year than we’ve done in 2021.”. And that means taking losses in 2021, buying some replacement bonds that have higher yields and liking your new-and-improved bond portfolio.”. It turns out that 2021 has been a better year than anyone would have thought at the start.”.

Community 126

Community Community Bank Taxes Security 126

PYMNTS

OCTOBER 12, 2020

Online marketplaces are connecting retailers, consumers and nonprofits amid the pandemic. 2.1B: Anticipated number of consumers who will move to online shopping by 2021. In marketing, Amazon and Walmart are busy getting ready for what could be the largest shopping week of the year, with Prime Day and other events approaching.

Retail 146

Retail Innovation Technology Security 146

PYMNTS

SEPTEMBER 4, 2020

But in other ways, it was business as usual, as the two biggest retailers in the world – Walmart and Amazon – posted stellar earnings numbers and competed in more muted ways for the U.S. percent of total consumer spending in Q2 (spanning all categories, including retail) and 9 percent of total retail spending. That’s up from 9.6

Retail 249

Retail Seattle Exercises Online 249

PYMNTS

NOVEMBER 18, 2020

Shipping giant Maersk is predicting a better 2021 in a move that bodes well for the battered but now recovering global economy. A rebound in retail sales in the United States has resulted in a quicker than expected resurgence in shipping demand, with Maersk now expecting EBITDA to weigh in between $8 billion and $8.5

Retail 215

Retail US United States Online 215

Gonzobanker

AUGUST 31, 2021

Checking fee income is facing extreme downward pressure during 2021, influenced by competitive factors and the specter of greater future regulation. Non-interest income accounts for roughly 25% of the average financial institution’s revenue, and now this revenue that helps sustain broad retail convenience offerings is under attack.

Strategy 147

Strategy Analytics Retail Mobile 147

PYMNTS

DECEMBER 30, 2020

A Look At BNPL Solutions’ Growth During The Holiday Season And What It Means For 2021. For more on these stores and other BNPL headlines, download this month’s Tracker. . The pandemic has forced consumers to reexamine their cash flows, and many looked for ways to boost their financial flexibility heading into the holiday shopping season.

Payments 276

Payments Trends Millennials United States 276

PYMNTS

JANUARY 7, 2021

In today’s top retail news, Walgreens Boots Alliance, Inc. reported that its Retail Pharmacy USA segment had $27.2 billion in sales for Q1 fiscal 2021, while Bed Bath & Beyond reported its digital sales increased by nearly double during its fiscal Q3. Walgreens Retail Pharmacy USA Reports $27.2 Billion In Sales.

Retail 172

Retail New York City New York Texas 172

PYMNTS

NOVEMBER 9, 2020

Now there are signals that a physical retail rebound is forming up. presidential election in the rearview mirror and 2021 right around the corner, a new shift is underway: the slow but certain move back to shopping inside retail stores — an experience that people still crave for the experiential joy it brings. With the U.S.

Retail 261

Retail Millennials Online Tools 261

The Paypers

MAY 5, 2021

The Germany-based EHI Retail institute has released the study ‘Payment Systems in Retail 2021’, which will be presented at the EHI Payment Congress on 5 May 2021.

Study 46

Study System Retail Payments 46

PYMNTS

DECEMBER 17, 2020

Fashion retailer rue21 (r21 Holdings, Inc.) The retailer modified its asset-based credit facility to bolster availability to $155 million due 2025 headed up by Bank of America, N.A. The retailer also opened three new physical retail shops, with another 15 in the works for 2021. million members.

Retail 141

Retail Pennsylvania America Capital 141

PYMNTS

JULY 6, 2020

Up until then, retail levels were improving somewhat since the all-time low in April while the country was on lockdown. But customers have begun retreating from retail for the second time due to the increase in cases. The spikes in cases have been particularly noteworthy in Florida and Texas. The other 37, plus Washington D.C.,

Rhode Island 169

Rhode Island Retail South Carolina Mississippi 169

PYMNTS

DECEMBER 3, 2020

Online delivery platform Instacart is teaming up with regional Midwest retailer Meijer to provide same-day delivery of groceries. Customers rely on Instacart to get the groceries and goods they need from the retailers they love," Instacart President Nilam Ganenthiran said in a Thursday (Dec. 3) press release.

Retail 183

Retail Illinois Indiana Kentucky 183

PYMNTS

DECEMBER 22, 2020

In today’s top retail news, former Macy’s CEO Terry Lundgren said he anticipates more store closings next year, while about half of Americans intend to travel for the December holidays amid the pandemic. Past Macy's CEO Foresees More Retail Store Closings In 2021. Past Macy's CEO Foresees More Retail Store Closings In 2021.

Retail 173

Retail Utah Survey Strategy 173

PYMNTS

NOVEMBER 10, 2020

Retail giant Target is collaborating with Ulta Beauty in a strategic partnership that will bring a shop-in-shop concept to 100 Target locations across the country, the companies announced in a press release on Tuesday (Nov. More than ever before, now is the time for innovation in retail,” said Ulta Beauty CEO Mary Dillon. .

Retail 144

Retail Training Strategy Branding 144

PYMNTS

AUGUST 21, 2020

21) he will retire in the first quarter of 2021. But Amazon also feels a responsibility to assist the recovery of the hard-hit retail ecosystem and merchants, he said, not all of whom have weathered the economic storm nearly so smoothly. It’s just time,” Wilke wrote.

North Carolina 171

North Carolina Operations Maine Report 171

PYMNTS

DECEMBER 16, 2020

In today’s top retail news, Benetton Group is teaming once more with EDITED, while CarLotz Inc. Benetton Group Teams With Retail Intelligence Firm EDITED. European fashion firm Benetton Group is collaborating once more with EDITED, the retail market intelligence company, as a “necessary platform” for its future three-year plan.

Groups 192

Groups Retail Report Branding 192

PYMNTS

DECEMBER 8, 2020

As various governmental agencies, healthcare organizations and drug companies step up their efforts to get vaccines distributed, it looks like retail will have a major role to play. Among the retailers are Kroger, Albertsons, CVS, Walgreens and Rite Aid. According to The Wall Street Journal , the U.S.

Retail 151

Retail Boston Analysis Report 151

FICO

JANUARY 29, 2021

Today it gives me great pleasure to announce the winners of the 2021 FICO® Decisions Awards. . This year we received a bumper crop of entries from more than 30 different companies across the globe from banking and finance, retail, telecommunications, automotive, FMCG and healthcare. 2021 Decisions Award Winners. 2021 Judges. .

Meeting 98

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PYMNTS

JANUARY 14, 2021

anticipates reporting retail segment written orders growth of 44.9 The firm runs retail design centers in the U.S. In separate retail earnings news, Nordstrom registered a 22 percent net sales drop for the nine-week holiday period that concluded Jan. Ethan Allen Interiors Inc. 31, 2020, according to a press release.

Retail 144

Retail United States Branding Report 144

PYMNTS

JANUARY 8, 2021

In today’s top retail news, CarLotz, Inc. percent rise in net merchandise sales from Q1 fiscal 2020 to Q1 fiscal 2021. Plus, Family Video said this week that its closing all of its physical retail locations. the warehouse club company, reported as part of its Q1 fiscal 2021 operating results that net merchandise sales rose by 7.7

Retail 160

Retail Video Arkansas United States 160