PYMNTS

FEBRUARY 27, 2020

In this case, it’s the gap between interest and intent, the chasm that lies between consumer awareness of unattended retail and actually taking the plunge in buying at the kiosk and vending machine. At a high level, according to PYMNTS data , unattended retail is reaching only one-tenth of its potential. Hurdles For Larger Merchants.

Retail 131

Retail Comparison Technology Branding 131

PYMNTS

AUGUST 27, 2019

When it comes to retail innovation — changes that promise to influence commerce not only this year, but in the 2020s — cameras could have a significant role. This data certainly isn’t nothing, but it pales in comparison to the data troves that digital retailers have. Take security cameras for starters. “We Data Blocks.

Retail 118

Retail Innovation Video Data 118

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

JANUARY 22, 2020

For retailers, nothing really ever comes easy — and things aren’t getting any easier, at least when it involves gaining and retaining customers. Indeed, as the recently completed National Retail Federation (NRF) retail show in New York City demonstrated, commerce keeps moving to what Webster called in the webinar a “customer-centric approach.”

Retail 137

Retail Millennials New York City social media 137

PYMNTS

MARCH 17, 2020

retail economy is unprecedented. Terror attacks on 9/11 happened well before the internet was a factor, and are therefore not relevant as a comparison. What are some of the retailing changes that could last beyond the end of the coronavirus crisis? Suddenly, this issue is front and center for every retailer and every customer.

Retail 134

Retail Seattle Comparison Trends 134

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

JANUARY 2, 2020

It’s going to be a very vocal year when it comes to retail. By comparison, ownership of smart TVs has increased just 5 percent, and ownership of connected cars has increased 3 percent since 2018. And in retailer news, there is an increasing push to integrate Alexa into the purchase path. For instance, SoundHound Inc. ,

Retail 154

Retail Branding Comparison Data 154

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. are now looking to follow suit.”. Security Cameras.

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

PYMNTS

JUNE 26, 2019

Unattended retail is having a moment – a bad moment, as it turns out, in China, according to reports. The challenges there come as kiosks and other forms of unattended retail continue to develop globally. For one, selling fresh groceries via unattended retail is not an easy business. Unattended Failure. Global Growth.

Retail 108

Retail Comparison Report Operations 108

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. From 7-Eleven to Chipotle Mexican Grill, retailers are expanding their digital ordering strategy with the help of voice assistant technology.

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

FEBRUARY 11, 2019

A common, enduring fantasy for many consumers — a group that likely includes many PYMNTS readers and writers — is walking into a high-end retail store, chain or boutique that sells luxury brands , and spending vast sums on the best clothes, shoes, handbags, watches and other items. All problems bring business opportunity, though.

Retail 141

Retail Branding Tools Comparison 141

PYMNTS

JUNE 16, 2020

Retailers are aiming to play catch-up with shoppers by moving resources from brick-and-mortar and stacking them against digital technology and abilities. And “ webrooming ,” the practice of consumers using websites to comparison shop for physical retail, is coming for an encore. All this, Today in Data.

United States 130

United States Comparison Resources Retail 130

PYMNTS

AUGUST 28, 2018

What about retail stores, restaurants and hotels? Technology is making it easier for the workforce to put in the daily eight (or 10, or 12) hours from their own homes, but another change is taking place: Using commercial space left behind by retailers, or in eateries or hotels, as communal areas of work. WeWork Efforts.

Retail 101

Retail New York City Arizona United States 101

PYMNTS

MAY 18, 2016

In a 405-page document by the United Kingdom’s Competition and Markets Authority (CMA), a number of proposals came to light that would encourage more competition and reform in retail banking. Among the proposals: new online comparison tools and also better knowledge about switching costs and monthly maximum charges tied to overdrafts.

Retail 100

Retail Regulation Comparison Tools 100

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. More call centers are beginning to rely on artificial intelligence (AI) for greater insights. In recurring payments, subscription commerce is having a “fear of commitment” moment.

Customer Experience 190

Customer Experience Data Comparison Innovation 190

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

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

NOVEMBER 22, 2019

Simon Property Group has partnered with Retail-as-a-Service (RaaS) platform Guesst on a multi-brand experiential retail concept. And Guesst’s technology will be used for brand onboarding, sales transactions, payments, inventory tracking and data reporting. We are having a high bankruptcy year. There’s no denying that.

Branding 109

Branding Comparison Retail New York 109

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 new favorite phrase in retail reinvention is building a better experience. Nike and Adidas would also like to be the world’s best running brand, and both are much larger. The Run Hub. “The

Retail 100

Retail Boston Community Branding 100

PYMNTS

JANUARY 30, 2018

Grocery stores, by comparison, have gross margins of 27 percent. Enter Amazon Go, a brick-and-mortar convenience store the eCommerce retailer opened last week in Seattle. But the technology may need refining. And of those customers who visit a c-store after pumping gas, 42 percent make a purchase. Amazon Reinvents the C-Store.

Texas 100

Texas Retail Dallas Seattle 100

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

JULY 2, 2019

Thanks to the digital economy and its supporting technology, we can say we are in the “golden age” of this and that. The golden age of product reviews and price comparisons. Retailers are trying to stay ahead of the curve, and are sometimes on their own raising the minimum age to 21. That’s where technology can help.

Retail 163

Retail Online Software Comparison 163

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. And that figure marks an increase from the almost two-thirds – or 66.4

Los Angeles 183

Los Angeles Retail Philadelphia Miami 183

PYMNTS

SEPTEMBER 14, 2018

By comparison, Amazon’s consumer retail unit took seven years to reach $10 billion in sales. Another point of comparison (though not exactly apples-to-apples, noted analysts): U.S.-based More presence in the healthcare supply chain, as Amazon also expands into retail healthcare. based industrial supplier W.W.

United States 175

United States blockchain Comparison Software 175

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

Abrigo

JULY 14, 2023

Takeaway 2 Do you have the right technology to efficiently generate strategic insights now and on an ongoing basis? Before finalizing this goal, management should consider the following: Historical trends Current CRE concentrations Market analysis Loan pricing considerations Real estate industry performance and Peer comparisons.

Strategy 195

Strategy Data Analytics Analysis 195

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

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. Larger Trends.

Mobile 142

Mobile Retail Innovation Course 142

PYMNTS

MAY 13, 2019

buttressed by the adoption of EMV technology, is now leaving behind its status as the global outlier where contactless is concerned. This summer the New York City MTA prepares to implement contactless technology at subway turnstiles and bus terminals across the city. More notably, Sanford writes, the U.S.,

US 216

US New York City Comparison New York 216

PYMNTS

JULY 3, 2019

Among the more interesting storylines of this era of digital commerce and payments is the maturation of vending machines — sorry, “unattended retail.” Retailers are paying more attention to vending machines, a trend that is all but certain to continue into the 2020s. Vending Machine Trends.

Retail 122

Retail eBook Philadelphia Austin 122

Perficient

NOVEMBER 19, 2020

If you’re advertising a promotional rate, are you bringing customers directly to the promoted product or are you forcing them to navigate a product comparison page? Assessments can be completed to determine the right digital technology, tools, and customer experiences to address end-to-end digital account opening.

social media 309

social media Customer Experience Knowledge Base Mobile 309

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

PYMNTS

NOVEMBER 29, 2017

28) report published by Retail Dive , a recent study compiled by Software as a Service (SaaS) mobile marketing analytics platform AppsFlyer found that Apple iPhone X shoppers were responsible for approximately $100 million in in-app purchases. Android devices, by comparison, saw $112 per order on average and a 1.5

Samsung 100

Samsung Apple Comparison Mobile 100

PYMNTS

JUNE 3, 2016

Retailers have looked everywhere for the silver bullet to mobile checkout conversion. If anything, mobile retailers’ continued struggle on the conversion front should spell out an inconvenient truth: There never was and never will be a panacea to the issue of bleeding buyers during the path to purchase. Why does that matter?

Mobile 100

Mobile Comparison Retail Training 100

PYMNTS

APRIL 27, 2020

If eCommerce doesn’t have basic security no biometrics technology in the world can protect the identity and data of its users. After an eCommerce company makes moves toward protecting its general security, however, biometrics technology has made strides. For example, different technologies distinguish user identity in different ways.

Fraud 164

Fraud Company Security Comparison 164