PYMNTS

AUGUST 31, 2020

There’s a storm brewing in the Indian retail scene, with Amazon at its center. Over the weekend, Reliance Industries – the company owned by India’s richest man, Mukesh Ambani – purchased Future Group ’s 2,000 retail stores and the Big Bazaar grocery chain. Whole Foods has 497 stores. billion consumers. “At

Retail 263

Retail Online Groups Industry 263

PYMNTS

DECEMBER 5, 2018

Retailers are turning to accelerators to drive innovation, and Target is taking its program to the international stage: It is teaming up with Germany’s wholesale and food specialist METRO AG for its cohort this year. Think about Farfetch as the platform for the luxury industry.” (The as well as other countries.

Retail 140

Retail Innovation Industry Metro 140

PYMNTS

AUGUST 1, 2017

To say direct-to-consumer retail practices have had an impact on the manufacturing industry would be an understatement. With eCommerce a major proponent of the direct-to-consumer (DTC) channel and showing no signs of slowing down, the retail industry landscape has been forever changed.

Industry 120

Industry Retail Study Technology 120

PYMNTS

OCTOBER 1, 2020

has put more cash into Reliance Retail Ventures Ltd , a division of Reliance Industries Ltd. Reliance Industries, the global conglomerate whose businesses include retail, energy, textiles, natural resources and telecommunications, announced on Thursday (Oct. crore in Reliance Retail. crore in Reliance Retail.

Industry 130

Industry Retail New York Resources 130

PYMNTS

JANUARY 20, 2021

Google Cloud is rolling out Product Discovery Solutions for Retail, a new suite of services that will use artificial intelligence (AI) and machine learning (ML) to help eCommerce firms deliver personalized consumer experiences during a shopping journey’s initial phase. "As Vision API Product Search.

Google 208

Google Retail social media Meeting 208

Payments Dive

MARCH 29, 2018

Mobile payments continue to expand, making it important for operators of unattended retail equipment to invest in the technology. A speaker at the National Automatic Merchandising Association show in Las Vegas urged his fellow industry executives to get on board with the trend.

Las Vegas 220

Las Vegas Retail Mobile Payments 220

PYMNTS

DECEMBER 8, 2020

The letter included findings from a new National Restaurant Association Research Group survey that revealed a steep industry decline that will only get worse if a relief package isn’t passed soon. The survey included 6,000 restaurant operators and 250 supply chain businesses Nov. Some 16 percent were open 30 years or more. .

Industry 226

Industry National Survey Operations 226

PYMNTS

JULY 20, 2018

The situation seemed to recently come to a head, as the company told employees that it was shuttering its operations. In addition, Chef’d announced in May that it had partnered with Byte Foods to bring its meal kits into 100 of Byte’s unattended retail locations in California. In Other Brick-And-Mortar Retail News….

Operations 100

Operations Retail Branding New York 100

PYMNTS

JANUARY 3, 2017

Many retail companies rung in the new year with a new CFO. Or, at least, many retail companies wanted to. Turns out, at least 45 retail companies have had their CFO exit in the past year. This means that CFOs have to participate in the strategy and operations of some organizations, where they didn’t used to.

Retail 108

Retail Industry Strategy Examples 108

PYMNTS

DECEMBER 9, 2018

With retailers struggling to get compliant with the Payment Card Industry Data Security Standard , qualified security assessors are going to be in more demand and can offer tokenization as one way of achieving compliance. That’s according to TokenEx , which recently hosted a webinar to help retailers better understand tokenization.

Retail 194

Retail Report Compliance Security 194

PYMNTS

APRIL 9, 2020

said it plans to put many of its retail staffers on leave. Ulta Beauty said its retail locations would remain shuttered up to the time that it is safe to open them again. The retailer noted that customers can continue shopping through its website or app. staffers at retail locations and distribution centers.

Retail 225

Retail Company Operations Industry 225

PYMNTS

OCTOBER 1, 2020

General Atlantic , a New York-based global growth equity firm, announced it will invest 3,675 crore i nto RRVL, a subsidiary of Reliance Industries in Mumbai, India. . 30 announcement follows General Atlantic’s 6,598 crore investment in Jio Platforms, a Reliance subsidiary that operates India's largest mobile network.

Industry 130

Industry New York Retail Course 130

PYMNTS

JANUARY 13, 2021

Toshiba Global Commerce Solutions unveiled its ELERA unified commerce platform that will let merchants operate without the bounds of traditional retail IT infrastructures, according to a Wednesday (Jan. ELERA is currently used by the high-volume retail grocery and general merchandise verticals.

Retail 170

Retail Big Data Analysis Community 170

PYMNTS

SEPTEMBER 1, 2020

In retail, Walmart has officially joined Microsoft in a bid for TikTok, as it bets on youth as well as ad revenue. And Reliance Industries has purchased Future Group ’s retail shops as well as the Big Bazaar supermarket company, as it fires a shot against Amazon in a battle for India.

Retail 136

Retail Payments Data Groups 136

PYMNTS

JUNE 3, 2019

Online retail has had a tremendous impact on logistics, further evidence of which emerged on Monday (June 3). and other retailers to fulfill orders from online shoppers.” industrial footprint.”. It’s not only a race for space when it comes to warehouse and logistical needs by eCommerce operators. Warehouse Trends.

Retail 198

Retail Online Groups America 198

PYMNTS

AUGUST 11, 2017

This week in retail, we’ve seen a myriad of movement from nearly all sides. We’ve seen earnings surge , earnings dive down , launches and a significant change in the way grocery stores are operating. Launches happening this week are focused in the mobile industry.

Industry 115

Industry Retail Samsung Apple 115

PYMNTS

APRIL 2, 2020

Prologis leases logistics facilities to more than 5,500 customers across two major categories: B2B and retail/online fulfillment. Retail will see a bit of a shift online, but only partly offsetting the decline in foot traffic to brick-and-mortar locations.

Industry 253

Industry Online Retail Examples 253

PYMNTS

MAY 29, 2019

It’s not often that one gets to see a new form of retail emerge, but that’s what’s happening with, of all things, legal recreational cannabis. So far, this retail is taking a form that is big, feminine and even a bit luxurious. Women in the Industry. Cannabis Superstore. businesses as a whole, the publication said.

Retail 186

Retail Las Vegas Leadership Industry 186

PYMNTS

MAY 5, 2020

Retail reopening events continued to draw light foot traffic on Monday, as Florida joined Texas in allowing non-essential stores to reopen. percent of consumers shop for retail goods online more often than they did on March 6, the first day of our study, and that continues to climb — up 10.5 percent from 35.5

Florida 205

Florida Retail Tampa Customer Experience 205

PYMNTS

MAY 4, 2020

He will be tasked with developing strategy, direction and comprehensive success of Mastercard’s operations across 53 countries in Europe. Mastercard’s European businesses cater to more than 950 million people via business partnerships with retailers, financial institutions (FIs) and other companies.

Operations 141

Operations Regulation Regional Retail 141

PYMNTS

MAY 8, 2020

As they navigate the coronavirus pandemic and begin to reopen stores, large retailers are putting safety measures into place to keep shoppers and staff members safe — and get customers confidently back into stores. Trade groups are also providing guidance to help retailers open their doors again.

Retail 173

Retail National United States Groups 173

PYMNTS

MARCH 27, 2020

While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. To find out more about how U.S.

Data 199

Data Retail US California 199

PYMNTS

JULY 7, 2020

Now there’s the Retail Industry Leaders Association (RILA) asking for help with mandating mask guidance regulations to protect store personnel. The patchwork of local mandates many retailers faced earlier this year made it incredibly difficult to focus on implementing the right safety protocols,” said the letter.

Retail 151

Retail Groups social media Policies 151

PYMNTS

MARCH 31, 2020

High-level market intelligence about the $18 billion expected to be invested over the next three years is a major focus of the March 2020 Automated Retail Tracker™ from PYMNTS , which serves as a bimonthly breakdown of developments in this rapidly growing business sector. Amazon Go’ Cashless. And Amazon and 7-Eleven aren’t alone.

Retail 140

Retail Texas Illinois Seattle 140

PYMNTS

MARCH 30, 2020

retail picture is bleak in this time of COVID-19. The Confederation of British Industry (CBI) said on Thursday (March 26) that its monthly survey of retailers showed the weakest outlook since April 2009. These are extraordinary times for the retail sector. retailers are not ready for digital transformation.

Retail 141

Retail Survey Branding Online 141

PYMNTS

DECEMBER 4, 2020

The hot new thing in “Big Retail” is offering in-house advertising on your website to your vendors – because why get paid only once on a purchase if you can get paid twice? In short, retailers get paid to place the ad, and then get paid again when the merchandise is sold. “We

Retail 216

Retail Trends Branding Groups 216

PYMNTS

NOVEMBER 15, 2018

It’s a combination of the latest technology and prehistoric human need: the increasing trend of using robots in the grocery industry. If you were to seek out companies not named Amazon that have recently gone full-speed into robotic logistics, you could do worse than look to the grocery industry. chains like Stop & Shop.

Industry 189

Industry Retail Trends Analysis 189

PYMNTS

OCTOBER 6, 2020

The Abu Dhabi Investment Authority (ADIA) is putting about $750 million into Reliance Retail Ventures Ltd., a subsidiary of Reliance Industries, the Mumbai-based parent company announced Tuesday (Oct. percent stake in Reliance Retail, the announcement states. The investment gives the Abu Dhabi sovereign wealth fund a 1.2

Industry 100

Industry Retail Strategy Marketing 100

PYMNTS

JUNE 2, 2020

Another month of the pandemic and another first of the month when retail lease payments are due. As the crisis enters its fourth month, counting March, two new earnings reports indicate that about 60 percent of retailers are paying their rent — with a few very notable exceptions. percent of retail rent was collected, compared to 48.9

Retail 130

Retail Report Payments Maryland 130

PYMNTS

AUGUST 20, 2020

Navigating the pandemic-altered landscape has been difficult for fitness operators forced to close their physical locations and translate in-person services into digital offerings. But the majority of the industry is going to just sit tight until there’s a treatment or a vaccine.”. Creating A New Workout Environment. On the U.S.

Industry 207

Industry Exercises Groups United States 207

PYMNTS

MAY 10, 2019

Vending machine operators have become increasingly attentive to the demand for swift digital payment options, and have benefitted from significant sales growth after enabling cashless payments. households, retailers that enable digital payments while dropping cash are less than convenient. A round the Unattended Retail World.

Retail 161

Retail Chicago Pennsylvania Trends 161

PYMNTS

OCTOBER 8, 2020

8) global retail sales growth excluding foreign currency impact of 14.8 During the third quarter, the pandemic continued to drive a favorable tailwind for food delivery, coupled with a challenging operating environment,” Domino's CEO Ritch Allison said on a call with analysts in terms of the company’s U.S. Domino’s Pizza, Inc.

Retail 130

Retail Report Operations Marketing 130

PYMNTS

APRIL 30, 2019

According to Will Byrne, CEO of Worldnet Payments , the kiosks and smart shelves that are gaining traction across any number of commerce and retail settings may even shift the employment picture a bit. The Changing Retail Footprint. As unattended retail notches an increasing footprint, said Byrne, other use cases will also emerge.

Retail 138

Retail Data Operations Payments 138

PYMNTS

NOVEMBER 9, 2020

We’re charging forward on our journey to revitalize the chain drug store experience — store by store, community by community — and today we’re ready and excited to invite customers to join us on this journey,” said Rite Aid Chief Operating Officer Jim Peters.

Retail 173

Retail Community User Experience Training 173

PYMNTS

APRIL 10, 2019

From CVS to T-Mobile , retailers and technology providers are catering to the trend of contactless payment acceptance with new solutions and methods of handling cards from customers. While the pharmacy retailer had slowly brought the functionality to its brick-and-mortar stores, the rollout was subsequently publicized.

Retail 259

Retail Payments Mobile Apple 259

PYMNTS

JANUARY 20, 2020

New evidence of that — part of the broader trend of the existential changes in the world of brick-and-mortar retail, changes that are gaining more focus this month — comes from reports that stationery chain Papyrus is closing up shop. The chain had since expanded to some 260 or so retail locations. Millennials to the Rescue.

Retail 183

Retail Millennials Cards social media 183

PYMNTS

NOVEMBER 11, 2020

The development of a COVID-19 vaccine is positive news for retailers as they find themselves once again on the front lines of the surge in the pandemic. But the industry finds itself threatened again by lockdowns and the dreaded essential vs. non-essential classifications. If a retailer sold food, it was essential.

Retail 141

Retail New Mexico Community National 141