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

APRIL 11, 2019

As online food delivery services proliferate amid the battle for customer loyalty, and as grocery and related stores strive to gain more digital footholds, the online sale of alcohol is growing and becoming a bigger part of all those plans. Online food delivery is in the midst of what might one day be called a golden age.

Online 169

Online Retail Regulation Maine 169

PYMNTS

MARCH 21, 2019

It might not have been inevitable, perhaps, but it was certainly expected: a regulatory backlash concerning the booming trade (both online and in brick-and-mortar stores) of eCigarettes , with their different flavors attractive to younger consumers — including underaged ones. This will have a huge impact,” Hochrieser told PYMNTS. “It

Online 152

Online Retail Regulation Trends 152

PYMNTS

JULY 22, 2020

Goldman Sachs has predicted that online shopping will expand by 19 percent each year during the next three years to come, which marks a rise from its past forecast of 16 percent. Goldman Sachs also noted that eCommerce penetration rose to more than 40 percent in May from 16 percent of retail spending domestically in the first quarter of 2019.

United States 260

United States Retail Maine Online 260

PYMNTS

MAY 8, 2020

consumers more frugal, but other individuals are still turning to retail therapy to cope with stresses. Online gambling or gaming is one possible outlet, and the sector may even make it through the pandemic with less financial damage than other industries. billion by 2025, according to one study. Online Gambling Changes .

Online 176

Online Industry New Jersey Pennsylvania 176

PYMNTS

MARCH 17, 2020

retail economy is unprecedented. What are some of the retailing changes that could last beyond the end of the coronavirus crisis? Contactless payments, however, will fit nicely into what will be a need to have low-touch or no-touch retailing experiences. The partial shutdown of the U.S. So what sticks? They want convenience.

Retail 134

Retail Seattle Comparison Trends 134

PYMNTS

NOVEMBER 26, 2019

The retailer reduced its sales as well as profit targets in August, noting the impact of U.S. In separate news, Best Buy said it was looking for revenue of $50 billion by fiscal 2025 ahead of its investor meeting per news earlier this year. Its comp sales increased 1.7 tariffs on goods made in China. billion to $43.6

Report 151

Report Online United States Retail 151

PYMNTS

OCTOBER 11, 2020

Instacart states in promotional materials that it has relationships with 500 retailers that have 40,000 locations in the United States and Canada. Instacart said it has already surpassed its 2025 milestones and is tracking to exceed $35 billion in grocery sales in 2020, PYMNTS reported.

Report 268

Report United States Capital Retail 268

PYMNTS

JUNE 12, 2019

Phone numbers, email addresses, usernames and other online signifiers have become essential to verification as the world becomes more connected. And, in retail, firms from automakers to merchants are tapping into connected commerce technology. . $59 59 billion: Estimated value of the global biometrics market by 2025.

Security 148

Security Millennials Data Retail 148

PYMNTS

OCTOBER 8, 2019

Basketball is one of the most popular sports – if not the most popular sport – in China, but there’s a little less NBA available today for online shoppers in that country, according to reports. The two sides just announced an extension of their deal to the 2024-2025 season that’s reportedly worth $1.5 China’s Commerce Push.

Retail 116

Retail Houston Online Leadership 116

Bank Innovation

OCTOBER 31, 2019

Digital financial services from lending to asset management are expected to generate at least $38 billion of annual revenue across Southeast Asia by 2025, more than tripling from $11 billion in 2019, according to a new study by Bain & Co., Online lending will comprise about half that total for […].

Study 186

Study Lending Google Online 186

PYMNTS

JANUARY 9, 2019

Retailers raked in more than $850 billion during the 2018 holiday season, marking the fastest holiday retail sales growth seen in the past six years. Luxury retailers have been slower to move online than some other retailers, but the impact of online sales in this industry can already be seen.

Fraud 109

Fraud Retail Security Online 109

PYMNTS

JULY 5, 2020

The Indonesian eCommerce retailer backed by SoftBank Group Corp. ’s the Chinese multinational technology company specializing in eCommerce, retail, Internet, and technology, led a $1.1 Google and Temasek Holdings Private Ltd. , s Vision Fund has also met with Facebook Inc. Microsoft Corp. and Amazon.com Inc. , the sources said.

Google 264

Google Regional Retail Groups 264

PYMNTS

MAY 19, 2020

CEO Michelle Gass said in a Tuesday (May 19) first-quarter earnings call with analysts that the retailer amplified its digital marketing efforts and revised its online site content. The retail executive said home was the most formidable category, with digital sales rocketing over 50 percent for the quarter. billion and $1.75.

Retail 235

Retail National Report Capital 235

PYMNTS

OCTOBER 22, 2020

Online clothing retailer ThredUP has filed confidentially for an initial public offering (IPO) in the U.S., Another used clothing retailer, Poshmark , also recently filed for IPO, after delaying that move for around a year to focus on growing sales and boosting its business. Bloomberg reports.

Oakland 222

Oakland California Retail Strategy 222

PYMNTS

JANUARY 29, 2018

Online grocery sales are a booming business, with the eCommerce segment expected to make up 20 percent of all grocery sales by 2025. Retailers can take advantage of other social media platforms too, such as Snapchat. From the app, consumers can “clip” coupons that, in some cases, are the same ones found in the local newspaper.

Retail 126

Retail social media Examples Marketing 126

PYMNTS

APRIL 14, 2020

COVID-19 could mark the true rise of the robots in retail. As an example, Ocado, Britain’s leading online grocer, has had to stress-test an experimental program to automate its warehouses. Autonomous service and delivery robots are poised to better serve – and possibly save – retailers,” noted a report in Robotics Business Review.

San Francisco 278

San Francisco Retail Examples Mobile 278

PYMNTS

DECEMBER 26, 2019

Lotte, a South Korean conglomerate, is shutting down its Vietnamese online marketplace, lotte.vn, which allows merchants to connect with buyers, according to Deal Street Asia. The move is indicative of the trend toward “new retail,” which is the blending of eCommerce and traditional retail.

Retail 130

Retail Groups Maine Google 130

PYMNTS

SEPTEMBER 27, 2019

Brick-and-mortar retailers are expanding their efforts to provide customers with health and wellness services while taking steps to train their employees for healthcare roles. said in the announcement about the offering, “Walmart aims to be the market leader in providing retail workers a path to careers in growing fields like healthcare.

Branding 101

Branding Retail North Carolina Georgia 101

PYMNTS

OCTOBER 27, 2017

Volkswagen has launched an online platform for used car sales, Reuters reports. The company intends to double its portfolio of credit, leasing and insurance contracts by 2025, which would be 30 million units, according to the report. Back in February , Volkswagen also began its efforts to push online car sales in Denmark.

Online 106

Online Report Branding Groups 106

PYMNTS

OCTOBER 8, 2020

Instacart’s valuation has more than doubled since the COVID-19 pandemic caused more people to shop online and from home. Today’s investment comes as consumer demand for Instacart’s service continues to grow and we continue to expand our marketplace with new and existing retail partners.”. and Canada.

Retail 131

Retail Capital Trends Tools 131

PYMNTS

MARCH 22, 2019

Speed also plays a role in authentication — especially in the wake of a new regulatory crackdown against a growing part of retail — and kiosks are helping to meet consumers’ need for instant gratification. billion: Estimated size of the eCigarette market by 2025. billion: Estimated size of the eCigarette market by 2025.

Payments 115

Payments Software Meeting Innovation 115

PYMNTS

MARCH 12, 2018

Artificial intelligence (AI) is making itself right at home in the retail industry. In 2016, AI in the retail market totaled $712.6 By 2025 — less than a decade later — it’s projected to reach $27,238.6 million — a 38-fold increase — according to a February 2018 report by The Insight Partners. Why such an astronomical increase?

Customer Experience 144

Customer Experience Retail Analytics Technology 144

PYMNTS

JUNE 22, 2020

The ABL facility, which takes the place of the retailer’s existing unsecured revolving credit facility, expires in June of 2023, according to a statement. The retailer said it has put measures into place to make its financial position and liquidity more formidable amid the challenge of the coronavirus pandemic. billion credit facility.

Retail 141

Retail Capital Security Meeting 141

PYMNTS

JULY 11, 2019

Walmart-owned Sam’s Club will now offer same-day grocery pickup for online orders, according to sources. The retailer’s announcement comes nearly a year after Sam’s Club began testing grocery pickup in the summer of 2018. Orders for same-day pickup, however, are limited to 15 items.

US 101

US United States Retail Online 101

PYMNTS

AUGUST 14, 2020

As the coronavirus has led to greater popularity of eCommerce deliveries, Jumia Technologies AG is encountering new rivalry from upstarts in the online shopping and transportation space in Africa. However, COVID-19 assisted in powering an increase in market value this year, with a recent 30 percent drop in shares following Q2 earnings.

Regional 253

Regional Online Innovation Marketing 253

PYMNTS

JULY 30, 2020

Pre-pandemic, the company projected that online grocery delivery would hit around $20 billion around 2025. She pointed to other data to support that growth, including last year’s estimate of 13 percent of all shoppers trying online grocery. The key is flexibility between Shipt and the retailer.

Retail 199

Retail US Strategy Company 199

PYMNTS

APRIL 19, 2019

Electronic payments company Hypur, which targets the cannabis and hemp industries, has unveiled its online electronic payment solution for transactions within the hemp and CBD community. Consumers can use the Hypur tool to make payments in-store or online, while businesses can also use the solution to make payments to their B2B suppliers.

Payments 173

Payments Industry Online Security 173

PYMNTS

JANUARY 16, 2020

Goyal said the ongoing CCI probe questions why an online marketplace should lose money. . Anybody who tries to use the eCommerce marketplace model to get into the multi-brand retail space surreptitiously will have to be questioned, will have to be investigated,” he said.

Conference 131

Conference Retail Branding Meeting 131

PYMNTS

NOVEMBER 8, 2016

So where to next for the omnichannel retail giant? So while online retail accounts for about 5 percent of Southeast Asian commerce today, the region’s internet economy is poised to grow tremendously by 2025, with a projected annual worth of over $200 billion. But Amazon isn’t waiting until 2025, or even 2020.

Regional 148

Regional New York City National Google 148

PYMNTS

SEPTEMBER 23, 2019

51 percent: Estimated CAGR of global SMB online platform market through 2025. Data: $10 million: Amount of fresh funding for smart-cart tech firm Caper. 9 percent: Share of annual U.K. workers’ salaries spent on hotels. $18 18 billion: Annual value of the moving industry.

How To 122

How To Video Fraud Payments 122

PYMNTS

AUGUST 17, 2018

With India expected to be a $1 trillion digital economy by 2025, online retailers all want a piece of the action. And, earlier this month, India’s anti-trust regulator approved Walmart’s $16 billion acquisition of online marketplace Flipkart. based retailers to get a stronghold in India.

social media 101

social media Policies Retail Online 101

PYMNTS

MARCH 25, 2019

While that happens, the payments industry is upping its game against counterfeit goods sold online. 534 billion: Projected value of the IoT healthcare market by 2025. As the U.S. federal government tries to stem fraud and other losses in benefit programs, a new mobile app might just provide a way to do that.

Innovation 148

Innovation Fraud Regulation Data 148

PYMNTS

OCTOBER 26, 2018

As shopping of all kinds is moving online, the growth of digital payments is, unsurprisingly, following along. 100 billion: Estimated projected value of online grocery by 2025. trillion: Value of Visa’s Q4 total payments volume. 350: Average costs of around 2,000 credentials purchased off the dark web. 25 percent: Share of U.K.

Training 135

Training Data Payments Online 135

PYMNTS

OCTOBER 28, 2020

This state of affairs is forcing not only retailers but also their own business partners to reassess the digital capabilities they quickly adopted in spring, with many beginning to question the implications of these capabilities on their long-term sustainability and growth potential. percent until 2025, when it is poised to reach $42.9

Payments 257

Payments Report Operations United States 257

PYMNTS

JULY 7, 2020

With a population of nearly 270 million, Indonesia is in the midst of a boom in its digital economy, which is expected to reach $130 billion by 2025, according to a study by Google, Temasek Holdings and Bain & Co. The country’s total budget for 2020 is $177.6

Taxes 141

Taxes Google Seattle National 141

PYMNTS

JANUARY 24, 2020

The two companies plan on delivering a slew of card and real-time payment options, both for in-store and online purchases. Pine Labs, which started as a retail payment provider about 10 years ago, has grown into a payment acceptance, stored value and in-store customer credit company. billion by 2025. billion in 2021, and $52.5

Payments 152

Payments Innovation Study Meeting 152