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From Community Hubs To In-Store Theater, Retailers Double Down In Digital At NRF

PYMNTS

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.

Community 269
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Rewriting Definitions For A Digitizing Landscape

PYMNTS

percent: Share of national bank customers who believe a bank has to offer loans to be a bank. But they’re all hard to answer – and the need to find those answers is becoming increasingly pressing. Data: 99 percent: Portion of consumers who define a bank as a place to hold, access and borrow money if needed.

National 130
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Big-Box Retail CEOs Say Stimulus Checks Boosted Sales

PYMNTS

If you want to know whether stimulus checks are working to rebuild the economy, just ask the world’s largest retailer. Categories like sporting goods and bicycles, fabrics and crafts, toys, the stay-at-home categories, networking [equipment], really took off … definitely we do see a positive impact from the checks.”. Walmart U.S.

Retail 210
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Back-to-School Retail Meets Digital 3.0 FIT Framework

PYMNTS

The retail industry is facing its first sales event of the pandemic with the coming of back-to-school sales. The projections were led by the National Retail Federation (NRF) this week, as it foresees record sales for back to school. Second, are retailers removing friction from the buying process? The Digital 3.0

Retail 186
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Smart Retailers Inspire Confidence Via Cleanliness

PYMNTS

The list of positive retail brand attributes goes on and on, but one new post-pandemic value has become more important than all the others: cleanliness. Example: Ted Gallagher is vice president and partner at Environmental Hazards Control , a Lancaster, Pennsylvania-based company that disinfects retail locations and other business facilities.

Retail 141
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Cameras Help Fuel Retail Innovation

PYMNTS

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. That’s not the only way innovation with cameras can help retailers.

Retail 118
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Smile! Retailers Want To Take More Of Your Pictures

PYMNTS

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. Fast Food Picture. That’s not all. Security Cameras.

Retail 131