PYMNTS

JUNE 17, 2020

The dramatic consumer shift to Digital 3.0 — predicted months ago by the PYMNTS COVID-19 tracker work — is accounting for almost half of the retail growth in the US. It found that eCommerce growth as of May 1 was up 68 percent, surpassing 40 percent of total retail sales. Overall Chinese retail sales of consumer goods dropped 2.8

Retail 231

Retail Online Course Report 231

PYMNTS

JANUARY 23, 2019

this year as the leading retail market around the world. According to eMarketer’s worldwide retail and eCommerce forecast, in 2019 China’s total retail sales are forecast to increase 7.5 That compares to retail sales in the U.S. That means China’s retail sales are expected to surpass the U.S. through 2022.

Retail 181

Retail Marketing US Online 181

Bank Innovation

APRIL 23, 2019

Nearly 80% of traditional financial institutions feel little or no threat from fintechs today, but 65% believe fintechs will be a “significant threat” by 2022, according to a new study by Harvard Business Review.

Study 225

Study Fintech Survey Technology 225

PYMNTS

JANUARY 26, 2021

In today’s top retail news, the U.S. The retailer said the move is part of a plan to execute a “store footprint optimization plan, including the contemplated exit of unprofitable locations.” A new Federal Reserve Bank of New York study indicates that individuals foresee the economy will rebound by 2022. L’Occitane’s U.S.

Retail 239

Retail US New Jersey New York 239

PYMNTS

SEPTEMBER 4, 2018

A new report says that India’s e-commerce market could hit $150 billion by 2022 due to rising incomes and a boost in Internet users. And the growing e-tail market could grow at a compounded rate of 30 percent each year to surpass $60 billion in market size by 2022.

Marketing 128

Marketing Retail Leadership Study 128

PYMNTS

SEPTEMBER 11, 2019

Virtual reality could have more retailers reach more consumers in the coming few years — in large part by upping the consumer experience. and Europe by 2022. and Europe by 2022. billion for retail and marketing in the year 2022, with revenues from VR initiatives expected to increase by 3,000 percent over the next four years.

Retail 192

Retail San Diego San Francisco Branding 192

PYMNTS

OCTOBER 12, 2020

Online marketplaces are connecting retailers, consumers and nonprofits amid the pandemic. 87%: Estimated share of debit cards that will be equipped for contactless payments by 2022. Data: $5.5M : Amount of funding recently secured by social impact commerce platform ShoppingGives. 92%: Portion of U.S.

Retail 146

Retail Innovation Technology Security 146

PYMNTS

JUNE 15, 2020

The pandemic’s harsh impacts on retail continue to show themselves as brands report plummeting quarterly earnings and eye additional store closings. And one retail expert says what is taking place is more an interaction revolution than a post-pandemic eCommerce revolution. . 1 to April 30 due to the pandemic. €1B

Retail 150

Retail America Data Strategy 150

PYMNTS

DECEMBER 6, 2020

will hire 200 people before launching publicly in early 2022, Bloomberg reported. The major difference between the two licenses, Bloomberg reported, is that the wholesale licenses will only allow operators to interact with business customers, while the broader licenses will allow interaction with retail customers as well.

Digital Banking 170

Digital Banking Operations US Financial Technology 170

CB Insights

JANUARY 26, 2023

The fintech industry took a hard hit in 2022 as investors scaled back their investments amid market turmoil. DOWNLOAD THE STATE OF FINTECH 2022 REPORT Get the latest data on global fintech investment trends, the unicorn club, sectors from banking to payments, and more. Fintech is central to a16z’s investment strategy.

Strategy 101

Strategy Fintech blockchain Lending 101

PYMNTS

JANUARY 22, 2020

And in tech, virtual reality (VR) and augmented reality (AR) are starting to make more significant gains in the retail world. 1.8B: Amount that virtual reality will generate through retail and marketing in 2022. . 1.8B: Amount that virtual reality will generate through retail and marketing in 2022.

Retail 141

Retail Innovation Technology Data 141

PYMNTS

JULY 10, 2020

China’s global technology company specializing in online retail, and its Russian partners have set a goal of $10 billion in annual revenues by 2022-2023, Reuters reported. Sergeev said AliExpress Russia wants to boost the share of Russian sellers on the platform to 50 percent by 2022-2023, and reach 50 million customers annually.

Online 140

Online Maine America Groups 140

FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. And the data from January 2023 is already trending at nearly 10x increase over 2022. One striking fact about the increase in POCs was that 75% of the total compromise sites were new in 2022 (sites that had not been compromised before).

Cards 98

Cards US Data Fraud 98

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

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. The merchant’s new $1.3

Retail 141

Retail Pennsylvania America Capital 141

Payments Dive

MAY 27, 2022

The test will involve about 200 of the discount retailer's 18,000-plus locations and run throughout 2022, Chief Operating Officer Jeff Owen said Thursday during an earnings call.

Retail 221

Retail Operations 221

The Financial Brand

NOVEMBER 21, 2021

The post Six Retail Banking Technology Trends for 2022 appeared first on The Financial Brand - Banking Trends, Analysis & Insights. The six trends will provide competitive advantages, including increased efficiency, improved experiences and future-proofed business models.

Trends 43

Trends Technology Retail Banking Trends 43

PYMNTS

JANUARY 24, 2019

Before consumers started to trade brick-and-mortar shopping experiences for eCommerce websites, retailers could bring customers through their doors with window displays. According to the PYMNTS Virtual Reality In Retail Report , there are expected to be 100 million AR/VR headset users by 2022.

Retail 204

Retail Training New York City Technology 204

PYMNTS

DECEMBER 2, 2019

Shares in Future Retail rose 13 percent on Friday (November 29) after India’s antitrust body announced that it has approved a deal that would give Amazon a minority stake in the company. In August it was reported that the eCommerce giant was in discussions to acquire a stake in Future Retail. percent of Future Retail.

Retail 130

Retail Marketing Groups Operations 130

BankInovation

APRIL 14, 2022

“This year, we've budgeted approximately $11 billion, which is a 30% increase compared to 2020,” Stuart Riley, head of Institutional Client Group (ICG) technology and operations, said recently during Citi Investors Day 2022, which was referenced during the bank’s first-quarter earnings […].

Groups 98

Groups Operations Technology Retail 98

SWBC's LenderHub

MAY 23, 2022

Major retailers like Walmart, Target, and Lowes all posted weaker than expected earnings, citing serious margin pressures. About the only thing good about last week in financial markets was that it ended on time on Friday. Equities and all credit spread off U.S. Treasuries had a nightmarish week.

Marketing 144

Marketing Retail Capital 144

PYMNTS

JANUARY 15, 2021

Mark The Date: January 12, 2022 . Per this latest Pandenomics report, foot traffic of the past is exactly that, so further adaptation is required by the remaining base of retail establishments. While it’s clear that the worst prognostications about retail stores are not playing out, the change is upon them.

Study 132

Study Online social media Retail 132

FICO

FEBRUARY 21, 2023

Another full year is in the books As 2022 came to a close, the economic environment in the United States is teetering on the edge of a recession. Inflation is easing as funding rates have risen to 15-year highs, but the technology sector is beginning to lay off employees in masses – through 2022 low levels of unemployment kept the U.S.

Trends 52

Trends Industry US Cards 52

Independent Banker

OCTOBER 31, 2022

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that.

Banking Trends 151

Banking Trends Retail Trends Community Bank 151

The Financial Brand

JANUARY 2, 2022

The post Retail Banking Reflections and Keys to Success for 2022 appeared first on The Financial Brand - Banking Trends, Analysis & Insights. The best way to prepare for the future is to reflect on the progress and shortfalls of the past.

Retail 42

Retail Banking Trends Analysis Trends 42

PYMNTS

APRIL 4, 2019

Out of the haze of uncertainty emerged a new mobile network, and from the new mobile network came new retail applications and experiences, all taking advantage of the faster speed of the technology, and the potential to reduce friction. 5G Retail Deal. 5G Retail Deal. VR Retail Growth. A new report also says the U.S.

Retail 177

Retail Mobile Course Branding 177

Independent Banker

SEPTEMBER 1, 2021

As banks head into planning sessions for 2022, it has perhaps never been more important for financial institutions to invest time and resources into market studies and research. No one expects you to be a mind-reader,” said Tim Klatt, Director of Retail Strategies for La Macchia Group.

Analysis 91

Analysis Branch Strategies Study Branding 91

PYMNTS

JANUARY 2, 2020

Data: 2020: The year that Anchor Shops, with a retail store and a fulfillment center, is set to open. 80 percent: Estimated CAGR of real-time payment growth in higher education between 2018 and 2022. Smart FinTechs, however, are seeing opportunities in the education space. All this, Today in Data.

Retail 132

Retail New Jersey Philadelphia Payments 132

PYMNTS

APRIL 29, 2019

This is a key takeaway from Payments 2022 , a PYMNTS study in collaboration of Stripe , based on an extensive survey of 250 payment heads representing various sizes and types of business-to-business (B2B) and business-to-consumer (B2C) digital platforms: B2C service marketplaces, B2B Software-as-a-Service (SaaS) firms, B2C merchant marketplaces, B2C (..)

Payments 170

Payments Survey America Study 170

PYMNTS

JANUARY 21, 2020

Don’t look now, but virtual reality and augmented reality are starting to make bigger gains in the retail world. The spread of VR and AR technology is not confined to physical retailers, either — eCommerce giants are getting into the game as well. billion via retail and marketing in 2022. Larger Trends.

Retail 210

Retail Trends Washington Technology 210

PYMNTS

JUNE 25, 2020

One of the new truisms of pandemic-era retail is this: If a retailer was in trouble before COVID-19 , that trouble will be magnified because of it. The retailer expects to save approximately $365 million in fiscal 2020 and approximately $630 million on an annualized basis. billion in new financing, could stabilize the company.

Retail 141

Retail Strategy Meeting Groups 141

PYMNTS

JUNE 13, 2019

Retail is getting more visual, and that stands to be the case for locally-focused merchants as they compete for attention and consumer dollars with the likes of Amazon and Walmart. Indeed, augmented reality is among the tools that local retailers look ready to adopt for further use. By 2022, the report says, VR will generate $1.8

Retail 182

Retail Google Tools Video 182

Perficient

NOVEMBER 10, 2023

Retail banks respond to the Federal Reserve’s short-term interest rate adjustments with corresponding changes in lending and deposit rates. However, in the current rising interest rate environment in the United States since 2022, loan rates have adapted more rapidly than deposit rates.

Risk Management 221

Risk Management United States FDIC Compliance 221

PYMNTS

FEBRUARY 28, 2017

percent between 2017 and 2022. At this rate, by 2022 the warehouse robotics market will have grown to a value of some $4.44 In the report , Research and Markets projects that the warehouse robotics market is expected to grow at a compound annual growth rate of 11.8

Study 100

Study America Industry Regional 100

BankInovation

FEBRUARY 21, 2022

Banking and financial services leaders across the industry have been implementing projects of all sizes to address the challenges associated with digital transformation, but many have proven slow to show results — and it’s not getting any easier in 2022.

Industry 96

Industry Retail 96

PYMNTS

AUGUST 26, 2019

Pretty much everyone needs medicine at one or another, and that need is helping to drive retail innovation and attempts at disruption in the pharmacy business. billion by fiscal 2022 in annual expenses. But innovation efforts continue for retail pharmacy operations. Expect other retail pharmacy moves as a new decade dawns.

Innovation 136

Innovation Retail United States ATM 136

FICO

AUGUST 16, 2022

US Bankcard Industry Benchmarking Trends: 2022 Q2 Update. Wed, 05/25/2022 - 03:43. Tue, 08/16/2022 - 15:30. Then in the Spring of 2022, the Federal Reserve began increasing interest rates slowly because they believed that inflation was going to be short-lived. in June 2022 is 10.7% Saxon Shirley. See all Posts.

Trends 52

Trends Industry US Cards 52