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How A Retail Incubator Could Produce The Next Big Innovation

PYMNTS

The myth of the lone (and possibly mad) scientist died out a long time ago, as the industrial age led to teams of researchers working together (or at healthy cross purposes) to enable innovation. He added that “our customers buy our product because we offer advantages over the technologies mentioned here. Customer Journey.

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Retailers Eye Industry-Shaking Innovation With Accelerators

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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. They will also visit the headquarters of Target in Minnesota and METRO’s Accelerator headquarters in Berlin.

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Beyond Registers — What’s Next For Retail Store Payments?

PYMNTS

Is the store register on its way out in favor of other retail and payments innovation? In case you didn’t hear, Target faced a register outage that lasted for about 90 minutes on Sunday (June 16), which meant the retail chain couldn’t process cards or other forms of payment.

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Grocers’ In-Store Innovations For Boosting Consumer Spend

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To capture this spending, grocers are driving innovation through their brick-and-mortar stores with delivery and pickup efforts (among other initiatives). The retailer has been making inroads with grocery delivery, having announced in September that it is now offering the service in 50 metropolitan areas across the country.

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Why Rural Shoppers Need Digital Innovation Too

PYMNTS

Mostly because that is where innovations tend to get their start — ridesharing, delivery on demand, one-day shipping, buy-online pick up in-store, experimental experiential retail locations, pop-up shops and the list goes on (and on). But what every big digital upgrade of the last decade or so has in common is an urban home base.

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Grocers Consider Checkout Line-Free Future With Unattended Retail

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To help shoppers check out without waiting in line, grocery retailers are rolling out entire stores centered around cashierless shopping experiences, enabling consumers to purchase fresh food and grocery items with a mobile payments app. ABI Research predicts that one million automated retail units will be in the Asia-Pacific region by 2023.

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Building The Tire Shop Of The Future With On-Demand Service

PYMNTS

Komal said that what distinguishes Zohr from other players is the proprietary in-house technology it has built to power the business. And it is not necessarily just a tire retailer – Komal said it is more of a logistics company that also happens to sell and install tires. and avoid the trek to a garage.