PYMNTS

MAY 13, 2019

As technology reshapes the way buyers access goods and services, consumer expectations are moving targets, and merchants that hope to survive can’t afford to fall behind. From Reis & Irvy’s to Vengo , merchants and technology companies are reinventing the world of vending technology through smart devices.

Retail 177

Retail Marketing eBook Atlanta 177

PYMNTS

DECEMBER 19, 2019

That’s because cameras are playing a much bigger role in retail, a trend that will keep gaining steam in the new decade. The Associated Press reports that cameras are, at least somewhat quietly, making inroads into a number of retail outlets in a bid to, well, get to know you. Security cameras are another area of innovation. “We

Retail 131

Retail Software Video Course 131

PYMNTS

JANUARY 15, 2019

The team at my Mystore-E believes they can solve that problem, with an AI tool called Tore-E that is specifically designed for retail environments. Our goal is to create a personalized shopping experience that benefits retail stores, while also catering to the customers’ wants, needs and style preferences.”.

Retail 124

Retail Ohio Tools Data 124

NCR

SEPTEMBER 22, 2017

In the retail industry, like many other sectors, the maxim ‘innovate or die’ seems to be growing in authority and relevance by the day. Bricks-and-mortar-only retailers, by comparison, have experienced a decline of 0.41 ‘Digital dinosaurs’ at risk of extinction? percent on average in the past year.

Retail 80

Retail Technology Comparison Trends 80

PYMNTS

JULY 12, 2019

And, in retail, sellers of health and beauty products are very prepared to embrace innovation in comparison to healthcare service providers. percent: Portion of consumer services firms that consider innovation crucial to their survival. $35 All This, Today In Data.

Customer Experience 190

Customer Experience Data Comparison Innovation 190

PYMNTS

NOVEMBER 22, 2019

Retailers are tapping into voice technology to help consumers order their favorite products such as restaurant takeout as they expand their artificial intelligence (AI) strategies. In addition to Alexa, the restaurant chain is also turning to other digital innovations. In Other Brick-and-Mortar News. Kroger Co.

Retail 139

Retail Strategy United States Comparison 139

PYMNTS

MARCH 26, 2019

Retailers in the physical world are at a real disadvantage when it comes to knowing the customers in their stores, and what they do once they get there. The list goes on, but suffice it to say, the jokes about digital retailers knowing more about customers than they know about themselves didn’t appear in the culture out of nowhere.

Retail 127

Retail Security Data Software 127

PYMNTS

DECEMBER 13, 2016

The firm noted that almost all respondents within the $50 million–$100 million turnover range stated that they would indeed (no pun intended) be more innovative as enterprises if they could find the right, technically experienced personnel to fill the positions. Thus, innovation suffers.

Innovation 100

Innovation Survey Comparison Resources 100

PYMNTS

DECEMBER 16, 2019

It also means that pharmacies — whether brick-and-mortar or online — are popular places, perhaps even part of a weekend to-do list that includes holiday retail shopping. That is certainly one possibility for innovation and disruption in the retail pharmacy space. That is, indeed, the ideal, as practiced by SingleCare.

Mobile 142

Mobile Retail Innovation Course 142

PYMNTS

DECEMBER 27, 2019

Retailers are designing brick-and-mortar spaces around experiences to attract and keep customers. Chinese eCommerce retailer JD.com , in one case, has just rolled out its inaugural SEVEN FUN lifestyle space in Galaxy SOHO in Beijing. 1 through Christmas Eve in comparison to the same time last year.

Retail 132

Retail Innovation Comparison Meeting 132

PYMNTS

MARCH 20, 2019

From SPOT to Starbucks , online platforms and retailers are providing consumers with new ways to place orders or make purchases from the car. By comparison, mobile ordering and payment accounted for 9 percent of those transactions in the fiscal third quarter of 2017. Digital innovations are helping consumers pick up their orders.

Los Angeles 183

Los Angeles Retail Philadelphia Miami 183

PYMNTS

JANUARY 17, 2019

Hot on their trail are machine learning and artificial intelligence (AI) technology — the software and algorithms promising to reduce the risks of overstocking and understocking, and providing other benefits that can boost retailers’ revenue. And AI will play a major role in that.

Retail 197

Retail Survey Analysis Apple 197

PYMNTS

JANUARY 30, 2018

After Green’s innovative merchandising concept, stores opened with various names — “bantams,” “dairy stores” and “vest-pocket grocery stores,” for example — but Green established a brand that has stood the test of time. Grocery stores, by comparison, have gross margins of 27 percent. But the technology may need refining.

Texas 100

Texas Retail Dallas Seattle 100

PYMNTS

JANUARY 10, 2019

Daniel Widmann, a technology law expert at Pinsent Masons, said in 2016 that this could cause trouble for the company. Wolfgang Schuldzinski, head of the consumer body, said his organization isn’t against new technology, and that the issue is that the buttons don’t give customers enough information. “We

Comparison 143

Comparison Innovation Regional Technology 143

PYMNTS

MARCH 2, 2017

New Balance, by comparison, brings in a mere $3 billion annually — certainly nothing to shake a stick at, but still 90 percent smaller than Nike. The Run Hub is our strategic attempt to continue to innovate and invigorate the sport of running and the running community.”. The Run Hub. We started in the U.S.

Retail 100

Retail Boston Community Branding 100

PYMNTS

JANUARY 8, 2019

The retailer plans to pilot technology products using Microsoft’s Azure platform at two stores, one in Ohio and one in Washington. Microsoft CEO Satya Nadella said the companies would “redefine the shopping experience for millions of customers at both Kroger and other retailers around the world.”.

Arizona 109

Arizona Technology Ohio Customer Experience 109

PYMNTS

OCTOBER 5, 2018

One of the new realities of augmented reality is this: the technology is attracting more investment from China than from sources in North America. According Digi-Capital , which tracks AR investments, China-based funding for augmented reality and computer vision technologies hit $3.9

Apple 197

Apple Colorado Capital America 197

PYMNTS

SEPTEMBER 14, 2018

Cashierless stores aren’t just for mega retailers like Amazon to sell prepared food from their kitchens or products from other producers: Beverage brands, among other companies, are getting into the action and choosing this checkout experience for stores that showcase their own products IRL (“in real life”) as a marketing tool.

Branding 139

Branding Marketing San Francisco Seattle 139

PYMNTS

JUNE 5, 2020

percent of consumers were shopping for retail goods online as of May 23, up from the 32.5 percent increase of consumers who shopped online for retail goods on April 11 and 24.1 But the ultra-high end is still being shopped at brick-and-mortar retail at countries that have gained some distance from the pandemic. This is a 29.4

Retail 131

Retail Online Texas Comparison 131

PYMNTS

MARCH 26, 2019

Quick-service restaurants are embracing connected in-car commerce with digital technology to let commuters and other consumers place their orders on-the-go: Domino’s Pizza , in one case, is bringing in-car ordering to new vehicles this year through a pre-loaded ordering platform dubbed AnyWare. By comparison, only about two-thirds — or 66.4

Phoenix 149

Phoenix Arizona Innovation Comparison 149

PYMNTS

NOVEMBER 29, 2017

When it comes to payments and technology innovations, some industries are seeing massive growth, and others are seeing declines. By comparison, U.S. 4 percent of total retail) for which Amazon could be responsible. Here are the numbers: $1.2 consumers spent roughly $55 billion on smartphones last year.

Data 116

Data blockchain Comparison Industry 116

PYMNTS

JUNE 7, 2018

To that end, collaborative efforts between banks and FinTechs are on the rise, where joint programs seek to hasten the availability of technology that dovetails with open banking. The report said that Fifth Third has been ramping up technology investments, with recent efforts aimed at controlling some of those costs.

Fintech 186

Fintech Comparison Innovation Analytics 186

PYMNTS

FEBRUARY 27, 2019

By comparison, nearly 5 percent of consumers shop for and pay for groceries online. These are some of the reasons that consumers are visiting brick-and-mortar grocers – from Wegmans Food Markets to Kroger – and how these grocers (as well as technology providers) are rolling out innovations and features to serve in-store customers.

Maine 135

Maine Seattle Online Retail 135

Accenture

JULY 9, 2019

No matter which industry you are in, the new winners are the ones who can innovate and create value using a data-driven approach. Tech firms such as Google, Apple, Facebook and Amazon (GAFA) were early adopters, propelling their valuations to be 10x in comparison to banks. This technology can only improve with scale and experience.

Data 157

Data Google Strategy Examples 157

PYMNTS

MARCH 17, 2017

Blockchain technology has the potential to impact nearly every industry involving money. One area in which we’ve seen innovation break through recently may come as a surprise: insurance. PYMNTS: What are the benefits of implementing blockchain technology, and how is it impacting the insurance industry?

blockchain 127

blockchain Industry Bitcoin Innovation 127

PYMNTS

JULY 6, 2018

As such, grocers are turning to old retail standbys — sales and discounts — to help spur purchases, and for good reason. Nearly half of surveyed consumers told PYMNTS they had used a grocery store’s app regularly or occasionally last year, with most reporting they did so to get better deals, discounts and price comparisons.

Retail 130

Retail Analytics System Data 130

PYMNTS

MAY 17, 2019

The amount of investment illustrates Apple’s push to keep up with new rival technologies and to innovate in new categories like wearables , health and fitness. Mohan said investors think there is an “apparent lack of ongoing innovation at Apple,” but that the opposite is true.

Apple 116

Apple Samsung Comparison Innovation 116

Abrigo

MAY 20, 2015

It’s not just the technology industry that is constantly evolving – many other industries must also remain adaptable to the changing landscape of the American consumer. An innovation like that can make the Apple Watch and Bitcoin seem archaic in comparison. One such industry is banking.

Apple 150

Apple Comparison Mobile Innovation 150

Payments Source

AUGUST 18, 2016

After the whirlwind of payments innovation in 2015, 2016 has felt rather stagnant in comparison for many payment technology enthusiasts. What is the story behind this lull and what does it mean for the future of Fintech?

Comparison 60

Comparison Payments Innovation Fintech 60

PYMNTS

MARCH 25, 2019

To connect food delivery platforms with consumers looking for convenience and cost savings, eCommerce innovators are creating aggregators as price and time comparison tools. Consumers and quick-service restaurant (QSR) managers favorably view digital technologies for ordering: According to the PYMNTS Restaurant Readiness Index , 64.5

Los Angeles 161

Los Angeles San Francisco Comparison Seattle 161

PYMNTS

DECEMBER 20, 2018

26 ,with products from the eCommerce operator averaging nearly 14 percent lower than competing retailers including Walmart and Target, according to an analysis from Profitero. You can thank increasingly sophisticated algorithms for much of that, along with the increasingly fierce nature of online retail competition.

Software 157

Software Retail Analysis Online 157

PYMNTS

JANUARY 26, 2018

There are a few innovators trying to solve the problems of fashion fit and style, both online and in physical or omnichannel environments. These inventions use technologies like 4D imaging and touchless interaction to guide users through makeup tutorials or provide beauty regimen advice. Innovation Trajectory. Fashion Tech.

Data 116

Data Las Vegas Branding Online 116

PYMNTS

NOVEMBER 14, 2018

This drive for innovation extends to the company, which doesn’t run like a traditional hotel brand. Zeidan’s company is vertically integrated from development to design, as well as operations and technology. Other hotels, by comparison, don’t often own their booking engines, according to Zeidan. The Hotel Concept.

Miami 115

Miami Branding Comparison Software 115

PYMNTS

MARCH 25, 2016

Yesterday (March 24), the CardLinx Association released new data from the 2016 Annual Card-Linking Industry Survey showing that 50 percent of respondents (consisting of merchants, payment companies, publishers and card-linked technology companies) reported a 50 percent growth in card-linking transactions over the last 12 months.

Cards 100

Cards social media Survey Comparison 100

PYMNTS

SEPTEMBER 5, 2019

Or at least that is the end game for the technology. However, in another sense, it is surprising that Amazon is pushing innovation in the biometrics payments arena at all, given its high historical correlations to failure. Amazon is not the first player that has made this attempt in the world of retail.

Payments 191

Payments Cards System Chicago 191

PYMNTS

JULY 10, 2019

An unexpected consequence of the retailer race to offer same-day and one-day delivery is increased fraud exposure. By comparison, fraud itself is considered a top friction point by only 16.4 More businesses are adopting artificial intelligence (AI) , machine learning and other technology to fight fraud. Nearly one-third (30.4

Fraud 140

Fraud Strategy Study Comparison 140

PYMNTS

NOVEMBER 20, 2020

But as the pandemic has progressed it has become increasingly clear that Target is also laying claim to the paycheck, and is often more innovative and digital-first than Walmart. It’s hardly competing with Amazon yet, but Target has shown more digital momentum than any major retailer during the pandemic.

Comparison 165

Comparison Strategy Retail Minneapolis 165