PYMNTS

SEPTEMBER 12, 2019

Video games are helping to drive retail innovation and growth, and that includes the hot area of subscription commerce. Gaming is figuring out the upsell,” Burkhart told Webster, “and utterly changing the entire market.”. In-store sales, notably, is where the retailer needs to see growth.

Video 248

Video Retail Innovation Trends 248

PYMNTS

JANUARY 21, 2021

The COVID-19 crisis and the digital shift that it accelerated are making five lessons clear that tradition brick-and-mortar retailers must heed if they want to survive, according to Karen Webster. The key lesson traditional merchants must learn is that “retail’s competition is the marketplace, not other category competitors,” Webster wrote.

Retail 179

Retail Branding Analysis Online 179

PYMNTS

JANUARY 25, 2021

The National Retail Federation ’s annual convention may have come and gone but the sentiments, strategies and lessons learned from facing nearly a year of pandemic-led changes by some of the world’s largest merchants are going nowhere fast — especially when it comes to their embrace of increased digitalization. Stores As Social Centers.

Community 269

Community Retail Strategy National 269

PYMNTS

AUGUST 14, 2020

The evidence can be seen in a new report from Bank of America and an earnings announcement from luxury apparel marketplace Farfetch. The company saw strong momentum in its business model marked by the acceleration of online adoption during the pandemic, attracting a record amount of new customers. “I

Marketing 153

Marketing America Branding Report 153

PYMNTS

NOVEMBER 11, 2020

Buy now, pay later (BNPL) payments platform Afterpay is teaming up with retailer Gap to offer flexible spending options as the holiday shopping season gears up. When consumers shop Gap brands online, they can choose Afterpay at checkout and pay for purchases in four interest-free installments. “We We are proud to partner with Gap Inc.

Retail 222

Retail Charlotte Branding Millennials 222

PYMNTS

FEBRUARY 14, 2019

From 7-Eleven to H&M , retailers are adopting digital payments and artificial intelligence (AI) technology to bring more convenient experiences to their customers. And retailers with brick-and-mortar locations in North America are starting to accept Chinese mobile payment systems.

Retail 129

Retail Online Payments United States 129

PYMNTS

APRIL 16, 2020

As retailers look for a way out of an unprecedented cash flow crunch, many are slashing prices online and offering free shipping. The move is good for consumers, but for the retailers involved discounting is a double-edged sword. It’s the age-old argument for retail. retailers is down 64 percent over 2019.

Retail 146

Retail Strategy Branding Analysis 146

PYMNTS

NOVEMBER 24, 2020

Businesses and financial institutions (FIs) are constantly examining ways to make their customers’ accounts more secure, especially as more consumers go online to make purchases and transact during the ongoing COVID-19 pandemic. It also found that just 16 percent of U.S. About The Tracker.

Online 272

Online Report Customer Experience Analytics 272

PYMNTS

APRIL 25, 2019

PayPal ’s venture capital arm has invested $11 million in online returns service Happy Returns. Sobie and Co-Founder Mark Geller met at HauteLook, an early flash sale retailer that was bought by Nordstrom. The funding is the largest round to date for the company, bringing Happy Returns’ total raise to $25 million.

Online 164

Online America Capital US 164

Bank Innovation

MAY 18, 2018

billion acquisition of Swedish small business commerce platform iZettle will boost its presence in 12 markets across European and Latin America, particularly in the physical retail space. PayPal’s $2.2 The move highlights the increasingly overlapping businesses of PayPal and Square, of which iZettle is a competitor.

Retail 186

Retail America Marketing Capital 186

PYMNTS

OCTOBER 13, 2020

Afterpay has announced its in-store buy now, pay later (BNPL) service is being offered by major retailers at locations across the country. Shoppers can use Afterpay to buy items in select retail stores using their Afterpay card, a virtual, contactless card stored in their digital wallet,” the firm said in a Tuesday (Oct.

Retail 130

Retail United States Millennials Branding 130

PYMNTS

AUGUST 22, 2018

The online marketplace has disrupted any number of verticals, changing the way we shop and spend, and where we grab must-have items — from books to rugs to lamps, and sometimes from across international borders. We operate the only truly global luxury digital marketplace at scale, seamlessly connecting brands, retailers and consumers.

Online 101

Online Retail Branding Data 101

Bank Innovation

MAY 26, 2016

Bank of America said “No” to innovation labs last year. are bringing wallets to market, BofA is looking instead to the surrounding ecosystem. “We want to be in an open wallet ecosystem,” Hari Gopalkrishnan, client-facing platforms technology CIO at Bank of America Merrill Read More.

America 225

America Innovation Technology Marketing 225

PYMNTS

FEBRUARY 18, 2019

To serve travelers from China who want to shop in-store and online, retailers thousands of miles away from Asia are accepting Alipay in brick-and-mortar stores and on the web. Amid this trend, brick-and-mortar and eCommerce merchants in North America are adopting Alipay as a payment option for their consumers.

Online 140

Online Las Vegas America San Francisco 140

PYMNTS

MARCH 22, 2016

While this early part of 2016 has been some tough sledding for Nordstrom on the sales and revenue front, The Street in many corners continues to look favorably on the high-end retailer. Plus, Nordstrom is committed to expanding their relationship with their emerging retail partners beyond real estate alone.

Retail 100

Retail Online New Jersey Houston 100

PYMNTS

DECEMBER 30, 2016

Canada and the Netherlands, as well as a larger launch in Europe this year, Mastercard is now unveiling Identity Check Mobile to Latin America. Smartphone penetration in Latin America was about 32 percent in 2014 and is expected to grow to nearly 70 percent by 2020. After fruitful trials in the U.S., and Europe.”.

America 113

America Regional Mobile Security 113

PYMNTS

AUGUST 12, 2019

Among the ongoing trends in retail is the funding for online used car platforms, and the ongoing rise of eCommerce and digital payments in Latin America. Consumers who want to sell their cars via that platform reportedly seek an online price estimate. “If The latest evidence of that comes via Japan-based SoftBank.

Trends 115

Trends Online Report America 115

PYMNTS

MARCH 29, 2020

Call it the retail gap that eCommerce can only partly fill. That gain, of course, reflects calm before the storm, so to speak, before the unemployment filings, the mass closures, the stimulus efforts and stock market roller coasters. percent of consumers surveyed said they were shopping online, and 16.3 But only 25.4

Retail 205

Retail Survey Course Study 205

PYMNTS

MARCH 15, 2017

Beek is popular in Latin America and currently reports about 250,000 monthly active users, said TechCrunch. The company eventually hopes to grow its presence as a source of user-generated online reviews across Latin America. Amazon is not really popular in Latin America,” Valdes told TechCrunch.

America 109

America Online Retail Mobile 109

PYMNTS

OCTOBER 18, 2018

To learn more about their customers and increase foot traffic, retailers are testing out new business ideas. In some cases, retailers are dedicating small spaces to brands inside their brick-and-mortar stores. Macy’s , for example, is testing out pop-up stores in 10 cities in a concept called “The Market @ Macy’s.”

Innovation 145

Innovation Retail Online Branding 145

PYMNTS

OCTOBER 28, 2019

Luxury and performance car maker Porsche will begin testing a new program that allows customers to do the majority of their car shopping online, according to a report. Physical and digital retail experiences have to work hand in hand, yet stay typically Porsche. The company announced the news on Monday (Oct.

Online 100

Online America Meeting Retail 100

PYMNTS

JANUARY 14, 2019

It looks like we can finally have a serious conversation about the impending collapse of physical retail in the U.S. All it took was a 160-year old retailer and a $34 billion kick in the stomach to the retail sector to get everyone’s attention. retailer, Sears, which found itself standing at Chapter 7’s front door.

Retail 198

Retail Online Mobile Data 198

PYMNTS

JULY 30, 2019

Now, as it suffered with a formidable performance by those companies, Under Armour cut its full-year North America revenue forecast, Reuters reported. Nike posted a 7 percent jump the quarter ended in May for North America revenue, while Under Armour sales dropped 3 percent. for many years.

America 129

America social media Branding Maine 129

PYMNTS

DECEMBER 11, 2018

Retailers are doubling down on toys amid a gap in the market left by the bankruptcy of Toys R Us. toy retailer Hamleys , for instance, is eyeing a potential New York City location for a flagship store. The atmosphere comes as brick-and-mortar retailers have to differentiate themselves from their eCommerce counterparts.

Retail 166

Retail US New York City Los Angeles 166

PYMNTS

JULY 29, 2019

The rise of video games, both online and mobile, is helping to drive innovation in retail. The move is one of several Tilly’s has been pursuing recently to draw additional foot traffic in an era when, like many youth-focused retailers, it is seeing its sales constantly shifting online. Larger Trends. More Money.

Video 120

Video Innovation Retail Apple 120

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

PYMNTS

JUNE 7, 2019

Mobile point-of-sale (mPOS) solutions have enjoyed widespread uptake in much of North America, and the region’s related market could see continued growth if solutions providers, government officials and other stakeholders play their cards right. percent between 2017 and 2026. percent between 2017 and 2026. Receptivity in U.S.

America 128

America Mobile Cards Study 128

PYMNTS

AUGUST 24, 2020

Retailers are not just looking to donate a percentage of profits to a charity or cause, either, but are also seeing it as a way to foster customer engagement. Donating to a variety of charitable causes can expand customer reach for retailer engagement. But like the market, and like the country, we are changing as well,” Smith said. “We

Online 142

Online Rhode Island New York Retail 142

PYMNTS

SEPTEMBER 12, 2018

Good Housekeeping is opening up a pop-up shop in the Mall of America running from early October through the end of December, aka the holiday shopping season. Named GH Lab, the 2,800-square-foot shop will be a monument to experimental retail, designed to resemble a real home complete with dining and living room areas.

America 100

America Branding Training Retail 100

PYMNTS

MAY 4, 2017

The retail sector has been suffering a lot of pain this year, with bankruptcies already happening at a record pace and more bankruptcies expected to come. So far this year, 14 retailers have filed for bankruptcy and that is coming off 18 bankruptcy filings in 2016.

Retail 106

Retail Dallas America Marketing 106

PYMNTS

OCTOBER 21, 2016

Retailers that are unable to call on substantial financial reserves are struggling in the current environment. Consumers want everything these days, from online shopping with one-click ordering and fast delivery to an exciting and high-tech shopping experience at physical stores. Here’s an update on some of the recent casualties.

Retail 100

Retail Marketing Branding Austin 100

PYMNTS

AUGUST 4, 2020

CEO Elon Musk raised the possibility of shuttering its stores and selling only online , the California electric vehicle and clean energy company is planning to expand its retail presence. Electrek reported Tesla has a strategy to grow in North America and overseas as it expects to achieve massive growth in the second half of the year.

El Paso 109

El Paso Retail Tucson US 109

PYMNTS

SEPTEMBER 14, 2018

Walmart has announced it is acquiring Cornershop , a leading online marketplace for on-demand delivery from supermarkets, pharmacies and specialty food retailers in Mexico and Chile. “We In August, India’s anti-trust regulator has approved Walmart’s $16 billion acquisition of online marketplace Flipkart.

America 108

America Retail Online Marketing 108

PYMNTS

AUGUST 23, 2017

Cloud-based software firm Tulip Retail , which provides a mobile app suite for store associates in retail settings, has raised $40 million in its latest funding round. ” Tulip expects to open an office abroad in response to growing demand in international regions such as Asia, Europe and South America.

Retail 101

Retail Software Mobile Online 101

PYMNTS

SEPTEMBER 14, 2018

And, this week, an iconic American magazine, Good Housekeeping , said it was opening a pop-up shop of its own in the Mall of America called the GH Lab that, too, melds the worlds of brick-and-mortar and eCommerce — with a bit of twist from Amazon. In other news, 7-Eleven now takes Google Pay and Apple Pay at most of its U.S.

New York 100

New York Retail Seattle San Francisco 100

PYMNTS

APRIL 6, 2017

with an estimated market cap over $430 billion. To put this in perspective, retail giant Walmart is currently trading at $71.65, with a market cap of over $217 billion. In other words, Amazon’s market value is almost double that of Walmart’s. Amazon kept climbing higher, peaking above $920 before tempering a bit.

Marketing 101

Marketing Retail America Online 101

PYMNTS

OCTOBER 3, 2019

The sale of shoes online has come a long way since the dawn of eCommerce – and footwear continues to help drive innovation in the retail space. The importance of this area of retail was recently underscored by a move involving a Google veteran. 14, Reuters reported about a week ago. 14, Reuters reported about a week ago.

Innovation 116

Innovation Retail Google Online 116