PYMNTS

FEBRUARY 7, 2020

Brick-and-mortar retailers are testing convenience store designs that let consumers skip the checkout line and pay for their purchases with their mobile phones. 7-Eleven President and CEO Joe DePinto said in an announcement , “Retail technology is evolving at a rapid pace, and customer expectations are driving the evolution.

Retail 143

Retail Dallas Massachusetts Technology 143

PYMNTS

OCTOBER 4, 2019

Online retailers are expanding their brick-and-mortar footprints – and using feedback from eCommerce customers to inform the selections in their new stores. Amazon , in one case, has added a suburban Boston location to its roster of Amazon 4-star stores, marking the fifth location of its type in the United States.

Retail 109

Retail San Francisco United States Boston 109

PYMNTS

AUGUST 23, 2019

Online furniture retailers are stepping further into the world of physical retail with permanent brick-and-mortar stores. Wayfair , for instance, opened a store at the Natick Mall in suburban Boston, where consumers can experience products firsthand before making a purchase, after debuting a pop-up shop there last year.

Retail 109

Retail Boston Kentucky New Jersey 109

PYMNTS

FEBRUARY 8, 2018

Brick-and-mortar retail oftentimes gets a bad rap in 2018. Last year saw store closures spike 200 percent to 7,000 — the worst retail bloodletting since the dark days of the 2008 recession. And then there are the “Walking Dead” players like Sears that are continually reporting falling sales and increasing debt loads.

Chicago 102

Chicago Retail Boston New York 102

PYMNTS

FEBRUARY 4, 2020

The Staples Connect concept, which will be officially introduced in six Boston area stores on Feb. 5, offers experiences and solutions as well as a place to transact, Chain Store Age reported. The least costly monthly membership in the municipality was $229, per reports at the time. Mike Motz, CEO of Staples U.S.

Puerto Rico 151

Puerto Rico Virgin Islands Massachusetts Boston 151

PYMNTS

FEBRUARY 20, 2019

Worldwide legal cannabis products represented a $55 billion market in 2018, and most analysts estimate that it will have nearly tripled to reach $147 billion by 2025. the domestic market for legal cannabis in 2018 was $9.1 Instead, CBD is known for its reported pain-reducing properties and stress-relieving abilities.

Retail 136

Retail District of Columbia San Francisco Denver 136

PYMNTS

JANUARY 18, 2019

Grocers are using autonomous vehicles to help bring fresh food to the doorsteps of consumers, and news came this week that another retailer plans to use the technology: Approximately one month after Kroger announced that it had started to use autonomous vehicles in Arizona, Stop & Shop is intending to use them in the Bay State.

Retail 129

Retail Branding Arizona United States 129

PYMNTS

OCTOBER 17, 2016

Mobile is one of the fastest-growing retail sectors at the moment and still projects to grow for years to come, but the technology is still not where most retailers want it. percent by 2020, according to Astound Commerce’s 2016 Mobile Research Report. percent of all retail sales for the year. That’s an estimated $130.92

Retail 100

Retail Mobile Survey Boston 100

PYMNTS

APRIL 30, 2018

The sandwich chain will be redirecting its focus to international expansion even as it loses market share in the U.S. Store count isn’t everything,” CEO Suzanne Greco told The Boston Globe. We’re focused now on strengthening market share.”. Subway has 44,000 locations worldwide, all of them independently owned. million.

Retail 100

Retail Branding Boston Washington 100

PYMNTS

SEPTEMBER 7, 2018

Shoe brand Allbirds , in particular, has brought a large retail space in New York City. Beyond the Big Apple, which is the brand’s biggest market , Allbirds has its eyes on other U.S. cities, such as Boston and Los Angeles, for additional brick-and-mortar locations. In the past, Allbirds only served the U.S.

Retail 100

Retail Los Angeles Branding New York City 100

PYMNTS

SEPTEMBER 4, 2020

Despite a better than expected job report, Boston Federal Reserve President Eric Rosengren told CNBC a full recovery is impossible until COVID-19 is under control. “We We have a long way to go before we are fully recovered,” he said on “The Exchange,” adding, “But I will say this employment report was a very positive one.”.

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US Boston Lending Report 194

PYMNTS

MAY 18, 2017

From responsive mobile websites to on-demand offerings, consumers are increasingly demanding that retailers, both online and in the real world, cater to their needs in the moment. . And Boston Dynamics is working on their own robotic delivery system, which it showed off at this past April’s TED 2017 conference. On-Demand Days .

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Report San Francisco Retail United States 109

PYMNTS

AUGUST 5, 2019

The eTailer is looking to launch video streaming for Flipkart Plus loyalty program members by September before the peak Diwali shopping season, Bloomberg reported. According to the report, Amazon’s Prime Video has been key in bringing in new shoppers and retaining existing ones.

Video 108

Video Seattle Boston Retail 108

PYMNTS

JULY 23, 2020

But Walmart is looking to open more, CNBC reported, as it attempts to get into the health market. The retail giant is also looking at opening clinics in the Jacksonville area of Florida, and it will open two clinics in Chicago, which would bring the total number of Walmart clinics to 13.

Atlanta 170

Atlanta Georgia Jacksonville Florida 170

PYMNTS

FEBRUARY 20, 2020

Future tech is no longer the province of high-end retailers. Innovations in 3D and augmented reality (AR) eCommerce are leveling the playing field and bringing conversion-centered visual technology to any online retailer. The main expansion of 3D is being seen in its dual usage for consumers and retailers. interactions.

Retail 259

Retail Maine Google Technology 259

PYMNTS

OCTOBER 17, 2017

It’s a hungry brand, gobbling up three different food delivery competitors in the last quarter alone: Boston-based Foodler, Groupon’s OrderUp and most recently, Yelp’s Eat24. Grubhub absorbed 27 of OrderUp’s markets, including Baltimore itself, reported The Baltimore Business Journal. Foodler launched in Boston in 2005.

Baltimore 138

Baltimore Boston Chicago Mobile 138

PYMNTS

JANUARY 15, 2020

With CVS Health on the path to meeting its goal of revamping more than 1,000 of its stores, the health retailer is reportedly seeing positive early results. CVS rolled out three HealthHUB concept stores in Texas close to the conclusion of 2018 and grew the offering to 50 locations in four markets by the end of last year.

Puerto Rico 131

Puerto Rico Fort Worth North Carolina Texas 131

PYMNTS

NOVEMBER 7, 2018

The health retailer is looking to open concept stores in the beginning of 2019, CNBC reported. The retailer plans to focus on the management of chronic conditions, such as asthma, kidney disease and cardiovascular disease, while also seeking to encompass more services at its MinuteClinics.

Boston 118

Boston Retail Branding Report 118

PYMNTS

FEBRUARY 22, 2018

Restaurants may want to reach more delivery customers by expanding into new markets, especially as the market for food delivery could grow to $17 billion by 2020. Uber Eats, the food delivery branch of the ridesharing company, was on track to post more than $3 billion in gross sales by the end of 2017, The Financial Times reported.

Marketing 134

Marketing Boston Operations Retail 134

PYMNTS

JANUARY 8, 2020

McDonald’s, with an increasing focus on digital initiatives and new technologies to sell food, has created a digital customer engagement team, according to a report by CNBC. Digital is transforming global retail, and it will transform McDonald ’s,” said CEO Chris Kempczinski. “At billion in sales, per the report.

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Boston Meeting Strategy Technology 131

PYMNTS

MARCH 15, 2019

As it stands, mobile ordering is available at the chain’s Denver, Boston and Houston locations — and more markets are said to be in the works for this year. The retailer reported net income for the fourth quarter of $102.6 To keep tabs on the latest retail trends, check next week’s Retail Pulse.

Mobile 108

Mobile Retail Houston Denver 108

PYMNTS

APRIL 22, 2019

Recess, a CBD-infused sparkling water company, has announced that it will be available on Uber Eats for delivery to customers in New York City, according to a report by Adweek. Eventually, the company plans to expand to other markets, including L.A. “We Recess has some company on the Uber Eats app when it comes to drinks. among others.

New York 172

New York San Francisco New York City Boston 172

PYMNTS

DECEMBER 24, 2020

Square, for example, said in its latest earnings report that revenue from bitcoin trading came to $1.6 As reported, the company also said bought $50 million of bitcoin to hold on its balance sheet. Building The (Retail) Use Cases. “Staking a claim on bitcoin trading can pay off,” we wrote in this space recently.

cryptocurrency 258

cryptocurrency Bitcoin Course Boston 258

PYMNTS

AUGUST 10, 2020

Boston-based Advent International , a global private equity firm focused on overseas buyouts, has purchased a stake in the United Kingdom’s parcel delivery group Hermes for 1 billion euros ($1.3 What’s important is that the retail industry doesn’t have too many casualties.”. Frank Proud, director of Apex Insight, said Hermes’ U.K.

Boston 141

Boston Online Groups Retail 141

PYMNTS

JANUARY 17, 2020

Retailers are aiming to help consumers manage chronic diseases as well as their overall health and wellness through new brick-and-mortar experiences. Through HealthHUBs, consumers are at the center of an unmatched retail health experience. CVS Health, however, is not the only retailer to bolster its health offerings.

Atlanta 131

Atlanta Houston Fort Worth North Carolina 131

PYMNTS

AUGUST 11, 2017

a premium outerwear brand known for its goose-down jackets with fur-trimmed hoods, has announced that it plans to open three more retail locations in the fall: in Boston, Calgary and Tokyo. million – a six-fold increase, reported the PE Hub Network. Canada Goose Holdings Inc., Shares were up 5.3

Company 101

Company Boston New York City Chicago 101

PYMNTS

OCTOBER 9, 2020

The BIS report issued this week that focuses on “foundational principles” defines a CBDC as “a digital payment instrument, denominated in the national unit of account, that is a direct liability of the central bank.”. Depending on where you look, the shift to cashless has been dictated by market forces, or by government guidance.

National 175

National Boston Examples Course 175

PYMNTS

APRIL 8, 2019

Brick-and-mortar pharmacy retailers are taking new approaches to delivery in the omnichannel age: CVS Pharmacy , for instance, is doubling down its on-demand offerings with a faster and expanded option. Even so, nearly a third — or 32 percent — of consumers were unaware of a mobile app by that kind of retailer.

Retail 152

Retail Oregon New Mexico Mobile 152

PYMNTS

MARCH 29, 2018

That’s no longer the case, as the fast food company has decided to take a turn for the literal in their newest marketing campaign. According to a report from USA Today , the heels of the running shoes feature a picture of a frosted donut, while Saucony’s logo has been slightly modified to include a coffee bean design.

America 104

America Boston Branding Marketing 104

PYMNTS

OCTOBER 2, 2017

In retail news, home goods eTailer Wayfair announced Friday (Sept. According to reports from Chain Store Age, the company’s new Day of Delivery Tracking offering is part of an increased focus on improved customer service. 29) it had launched a new tracking feature to help keep its delivery team accountable for deadlines.

San Francisco 101

San Francisco New York City Cleveland Detroit 101

PYMNTS

JUNE 26, 2018

RBC Capital Markets’ Lead Internet Analyst Mark Mahaney said that there could be 20 to 30 million people who live near a Whole Foods store but don’t shop there on an ongoing basis, while there are about 60 to 70 million Prime customers in the U.S., CNBC reported. Gallo had said in an announcement.

Los Angeles 101

Los Angeles Atlanta Boston Retail 101

PYMNTS

OCTOBER 8, 2020

Adults with positive SARS-CoV-2 test results were approximately twice as likely to have reported dining at a restaurant than were those with negative SARS-CoV-2 test results.”. 5 that, “The number of consumers who report missing the physical store shopping experience have dropped by 20 percent since April. We’ve had it.

San Francisco 291

San Francisco Boston Operations Report 291

PYMNTS

MAY 29, 2017

According to a report in TechCrunch, the Series A funding was led by Javelin Venture Partners. Some were already investors in the startup, which is headquartered in New York City and will use the funding to expand into Los Angeles, San Francisco, Seattle, Boston, Philadelphia, Washington, D.C., million in a round of funding.

Los Angeles 100

Los Angeles San Francisco New York City Philadelphia 100

Cisco

MAY 29, 2019

In retail banking, it’s clear customer experience matters, and the stakes have never been higher. And it’s not just about happy customers… Boston Consulting Group data indicates personalizing customer journeys can lead to a 10-30% increase in revenue. They’re still shockingly high (some reports indicate upwards of 40%).

Customer Experience 72

Customer Experience Retail San Diego Study 72

PYMNTS

MARCH 29, 2018

Bitcoin is nearing a so-called “death cross” – the point when the 50-day moving average falls below the 200-day moving average, CNBC reported. And Ripple made a $29 million donation in XRP to help provide school supplies to children in public schools, The Next Web reported. In investment news, Boston-based Flipside Crypto notched $3.4

Bitcoin 111

Bitcoin cryptocurrency Boston Groups 111

PYMNTS

APRIL 8, 2016

Online retail is known for moving fast, and sometimes, the execs pulling all the levers behind the scenes move even faster. Walmart confirmed on Thursday (April 7) that Brian Monahan, formerly the head of marketing for the retailer’s U.S. online operations, had vacated his post effective April 1.

Online 100

Online Conference Boston Retail 100

PYMNTS

AUGUST 8, 2017

With the advent of artificial intelligence (AI), retailers and merchants have the capability to reach a much larger array of consumers on an extremely tailored and personal level. As such, it should come as no surprise that many retailers are using AI to help boost both their products and services.

Retail 128

Retail Customer Experience Boston Branding 128