PYMNTS

FEBRUARY 3, 2020

Consumers are firing brick-and-mortar retailers from the jobs they held years and decades before. To get their shopping jobs done, consumers are now hiring retailers that make it convenient to do business – anywhere, anytime, through any channel and on their terms. But it’s more than that.

Retail 172

Retail Online Study Meeting 172

PYMNTS

NOVEMBER 24, 2020

Retailers, in particular, are wary of adopting 2FA because of the frictions the method can present, and their fears are not without merit. One recent survey found that roughly 50 percent of consumers abandoned onboarding attempts that they described as cumbersome or untrustworthy over the past 12 months, for example.

Online 272

Online Report Customer Experience Analytics 272

PYMNTS

JUNE 9, 2020

million from the month before and the lowest since the Labor Department’s JOLTS (Job Opening and Labor Turnover Survey) report was relaunched in 2002 after a 20-year hiatus. That separate Labor Department report, which tracks unemployment numbers, saw a drop in the jobless rate to 13.3 Hiring plunged to 3.5 million in April to 7.7

Report 130

Report US United States Boston 130

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

JANUARY 3, 2020

Ouai , a hair and body care brand founded by celebrity hairstylist Jen Atkin, will roll out some of its merchandise in 1,200 Ulta Beauty locations in addition to the retailer’s website on Sunday (Jan. Its products are sold in over 400 Sephora stores and some Urban Outfitters stores, among those of other merchants, Vogue Business reported.

Retail 131

Retail Industry Branding Miami 131

PYMNTS

FEBRUARY 11, 2019

Amid great technological change, health and beauty retailers are developing strategies to drive innovation. In some cases, retailers are using social media tools such as Instagram to post promotions and product tutorials — or interact openly with consumers about their offerings. More than six in 10 health and beauty firms — or 61.7

Innovation 166

Innovation Retail social media Apple 166

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

NOVEMBER 3, 2020

These are the top stories in retail for Tuesday (Nov. Bloomberg reported this week that Boston-based home décor eCommerce giant Wayfair turned in strong third quarter financials, noting that the firm’s quarterly results “exceeded analysts’ estimates, suggesting the wave of home improvement inspired by the COVID-19 pandemic is lingering.”.

Company 131

Company Retail Boston Capital 131

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

DECEMBER 26, 2019

This year, apps aimed to make it easier and more convenient for consumers to order their favorite foods and sundries, with restaurants and other retailers tapping into delivery. To help bring these options to more consumers, retailers and technology companies decided to join forces. and Chicago.

Retail 134

Retail New York City Los Angeles New York 134

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 20, 2019

Somewhat less apparent, however, are the complexities that the “legalish” status of cannabis consumption creates for retailers that one might not immediately associate with legalized marijuana. 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

NOVEMBER 14, 2018

And European retailers are embracing digital payments: H&M, for instance, recently inked a partnership with Klarna through which they will further integrate H&M’s physical and digital stores. The company also reported that online retail sales may hit $123.73 A little more than 74 billion — or 74.5 The figure marks a 4.1

Retail 131

Retail Payments Apple Online 131

PYMNTS

DECEMBER 18, 2020

As reported by Reuters , the Sand Dollar – a new digital currency issued and backed by the Bahamian central bank – is now in circulation, and bit by bit, has been making inroads into retail use cases. Notably, as reported by the newswire, the Sand Dollars in circulation total the equivalent of $130,000 U.S.

Cleveland 357

Cleveland Massachusetts Boston cryptocurrency 357

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

SEPTEMBER 22, 2020

As reported by Bloomberg on Tuesday (Sept. 22), Boston Consulting Group has estimated that that demand for luxury items could underpin a spending boost on the order of 30 percent as the Chinese economy rebounds. As reported in this space last week, the country saw retail sales increase for the first time since the pandemic took root.

Retail 169

Retail Boston Groups Regional 169

PYMNTS

SEPTEMBER 15, 2020

To that end, Bloomberg reported at least some financial regulators from the European Union say there need to be strict controls governing central bank digital currencies in place — and Libra (among other private efforts) may present a threat to financial stability. Central bank digital coins on the Continent – but plenty of room for cash.

Boston 227

Boston Retail Meeting Maine 227

Payments Source

FEBRUARY 8, 2017

merchants now, up from 16% a year ago, according to a new report from Boston Retail Partners (BRP). Consumers can use Apple Pay at 36% of U.S.

Apple 60

Apple Report Boston Retail 60

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

APRIL 30, 2018

Store count isn’t everything,” CEO Suzanne Greco told The Boston Globe. It’s just not what people want anymore,” Bob Phibbs, CEO of New York consultancy The Retail Doctor, told The Washington Post. “If The retailer said it has secured $725 million in debtor-in-possession financing as the case proceeds through bankruptcy court.

Retail 100

Retail Branding Boston Washington 100

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 .

Report 109

Report San Francisco Retail United States 109

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

SEPTEMBER 7, 2018

Shoe brand Allbirds , in particular, has brought a large retail space in New York City. cities, such as Boston and Los Angeles, for additional brick-and-mortar locations. With an increase in brand awareness from the retail stores, its eCommerce sales have risen.

Retail 100

Retail Los Angeles Branding New York City 100

PYMNTS

FEBRUARY 1, 2019

Beyond the pop-up shop, the retailer is opening a “Studio of Dreams” Super Bowl Content Studio on the same block. Between its flagship and pop-up shop, brands like Nike are incorporating mobile payments along with experiences into their new retail spaces as they head into a digital future. It makes that purchasing much easier.”

Atlanta 127

Atlanta Retail New York City New York 127

PYMNTS

MAY 21, 2018

As Boston tries to lure Amazon’s second headquarters to the eastern part of the city it is facing concerns that it would result in displacements of lower-income residents and increasing costs in the city. Those concerns aren’t only reserved to expensive cities like Boston however. percentage points. percentage points.

Boston 109

Boston Nashville Report Groups 109

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

JUNE 27, 2017

Over the course of the last few years, eCommerce has sprung up and put the brick-and-mortar side of the retail industry on notice. It is also changing the retail game by eliminating the need for checkout stations through its artificial intelligence (AI) infused checkout system in its Amazon Go grocery store.

Boston 155

Boston Retail Customer Experience Seattle 155

PYMNTS

OCTOBER 12, 2020

1-8 saw an increase in local spending and online foreign sales as the COVID-19 pandemic prevented millions from traveling overseas, CNBC reported Monday (Oct. The average daily sales for retail, food and beverages was 4.9 The Chinese National Bureau of Statistics said August retail sales rose for the first time in 2020 by 0.5

Boston 130

Boston Retail Groups National 130

PYMNTS

AUGUST 29, 2020

Consumers also occasionally reported finding them creepy. Although they look kind of dog-like, they’re actually quadruped robots designed by Boston Dynamics and leased by Ford. Although Ford is leasing them, Boston Dynamics has recently started selling the robo-mutts for $75,000 apiece. Such robots aren’t cheap.

Boston 238

Boston Detroit Technology California 238

PYMNTS

MAY 13, 2016

With traditional brick-and-mortar retail facing big problems , some chains are addressing them with small solutions. Is this a viable answer to the beating that Sears’ bottom line (and that of many other one-time stalwarts of brick-and-mortar retail) have been taking in recent years? Specifically, with small(er) stores.

Retail 100

Retail San Diego Los Angeles Colorado 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.”.

US 194

US Boston Lending Report 194

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

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

APRIL 4, 2018

Retail continues to migrate toward eCommerce, but warehouse space is not designed to keep up with the increasing pace of online orders. is more than 30 years old, and many lack modern features, CNBC reported. are in areas such as New Jersey, Boston, Pittsburgh and Philadelphia. The average age of a warehouse in the U.S.

Las Vegas 221

Las Vegas New Jersey Phoenix Philadelphia 221

PYMNTS

JUNE 19, 2020

The Boston-based online sports gambling company announced Friday (June 19) it will sell 16 million shares of its stock. million in the first quarter, Boston Business Journal reported. In addition, the company said some DraftKings stockholders will sell 24 million shares at $40 per share, bringing the total offering to $1.6

Boston 174

Boston Massachusetts Innovation Course 174

PYMNTS

JUNE 25, 2018

Then I went to Whole Foods on the North Shore of Boston Saturday morning to do some grocery shopping. I’ve been a Whole Foods shopper since I moved to Boston 17 years ago for the same reasons that each of you may be too: organic meat, seafood, produce and foods, great bread and cheese and a fun vibe. Prime Time at the Grocery Store.

Retail 156

Retail Branding Millennials Online 156

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. million in 2017.

Mobile 108

Mobile Retail Houston Denver 108