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60% of U.S. Bank Transactions Are Digital, COO Says

Bank Innovation

Bank’s transactions are now 60% digital, Chief Operating Officer Andrew Cecere said at the Goldman Sachs U.S. But that doesn’t mean the Minneapolis-based bank is giving up on branches. Financial Services Conference this week. It has around 3,000 branches and 80% of its sales activity still takes place there Read More.

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Kids’ Eyeglasses Get A Mobile And 3D Makeover

PYMNTS

The needs of children are a driving force for online and mobile innovation and disruption. It’s not exactly unusual these days, of course, to find multiple eyeglass options online for both adults and children – the purchase of glasses was traditionally an expensive and friction-filled process before the spread of online sales.

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Digital-First Economy Redefines Retail And Consumer Behavior

PYMNTS

PYMNTS research on consumer shopping habits showed that 24 percent of all consumers say they have taken at least one of their routine shopping activities online and do not plan to revert to shopping in stores for this activity, even after the pandemic is over. More consumers are going online to shop and pay as the pandemic progresses.

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Wendy’s Adds Flavor To Ghost Kitchen Movement

PYMNTS

Delivery services, on the whole, have grown 20 percent over the past five years, and online food delivery revenue is projected to hit $24 billion by 2023. Minneapolis restaurant owner Luke Shimp converted the kitchen of his Red Cow Uptown restaurant to the Kenwood Food and Beverage, a virtual food hall that he opened about a month ago.

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Walgreens’ Prescription For Change

PYMNTS

Sales of things like personal care products, cosmetics and various other household goods have been slipping, as consumers are increasingly stocking up online or at alternative retail venues like dollar stores for those types of items. The first six of those stores will open just in time for the holiday season in December of this year.

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Why Target Is Getting Into Consumers’ Heads About Groceries

PYMNTS

And that’s not even scratching into all the variation on buy-online, pickup in-store that are flowing across the grocery retail ecosystem. And so the Minneapolis retailer has embarked to find out that extra piece of information — not just what customers are doing when they grocery shop, but why they are doing it.

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Whole Paycheck Tracker: Target, Walmart Comparison Uncovers Different Digital-First Strategies

PYMNTS

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. So far, it looks like Walmart could steal a few pages from its Minneapolis-based neighbor. Back to the bottom line, which is the claim on the U.S.