PYMNTS

SEPTEMBER 6, 2019

Legal marijuana may have a massive payments problem, but that’s not stopping retail innovation in perhaps the newest area of legitimate commerce in the U.S. Trends in legal cannabis retail are just now emerging, and fresh numbers from Colorado are providing insight into how the industry is evolving. Big Retail.

Retail 121

Retail Innovation Colorado Payments 121

PYMNTS

NOVEMBER 27, 2019

Restaurants that are driving food innovation with carefully chosen ingredients focused on health are seeking funding to help power their growth. percent in the United States in 2018 to $167 million per Technomic data. percent in the United States in 2018 to $167 million per Technomic data. Its sales increased 22.3

Retail 101

Retail Innovation Las Vegas United States 101

PYMNTS

JUNE 24, 2020

Merchants are focusing on re-engaging shoppers now that brick-and-mortar retailers are reopening across the United States. And in banking, credit unions (CUs) are innovating to help the microbusinesses that make up a small yet key part of their ecosystem.

Retail 130

Retail United States Data Innovation 130

PYMNTS

AUGUST 6, 2019

What to do with retail malls? That is among the latest trends as retail reinvents itself, and technology and other trends force new uses for old commerce spaces. Malls are not exactly the hotspots of coolness and retail activity they once were. retailers so far this year than in all of 2018. New Investment.

Retail 108

Retail Innovation Minnesota Los Angeles 108

PYMNTS

MAY 29, 2019

Gig, eCommerce and public utility firms are putting the spotlight on payment innovations to remain competitive in markets that are becoming increasingly saturated. In contactless payments news, only a small fraction of payments in the United States avoid the swipe or chip card reader.

Innovation 139

Innovation Marketing Payments United States 139

PYMNTS

DECEMBER 31, 2020

percent made voice-assisted purchases while shopping for groceries or retail goods in the last 24 hours. 35 percent of retail businesses have experienced an increase in demand. Key Data Points: The portion of consumers shopping and paying for retail goods online increased 34.9 31 percent bank via app. 30 percent saw a decline.

Data 277

Data Innovation Payments Millennials 277

PYMNTS

JANUARY 16, 2019

Some are massive – like the ever-growing cost of medical care in the United States. Others land somewhere in between: the ongoing revolution in retail springs to mind. percent: Share of retailers that believe innovation is necessary to create sales. 6: The number of SKUs that Vengo vending machines carry.

Innovation 108

Innovation Data United States Retail 108

PYMNTS

JANUARY 10, 2020

Coffee retailers are tapping into digital technology that helps them grow their reach beyond their stores, especially in China, where competition has been brewing between Chinese coffee chain Luckin Coffee and Starbucks. Luckin is hardly the only retailer tapping into the potential of vending machines. In Other Brick-And-Mortar News.

Retail 131

Retail Detroit Michigan Branding 131

PYMNTS

NOVEMBER 26, 2019

Luxury and upscale retail are undergoing some significant changes as the holiday shopping season kicks off and a new decade approaches. The retailer recently delivered earnings that beat analysts’ expectations for the recently completed financial quarter, even as its net sales declined year over year. Social Retail.

Retail 131

Retail Online social media United States 131

PYMNTS

OCTOBER 14, 2020

In today’s top news, purchases via voice assistant are up 10 percent year-over-year, and Afterpay is now available in-store nationwide with major retailers. Afterpay Goes In-Store Nationwide With Major Retailers. Morgan reports third-quarter results that show a strong consumer base. Netflix And The Art Of The Shrinking Free Trial.

Retail 173

Retail Charlotte Apple Payments 173

PYMNTS

SEPTEMBER 5, 2019

And, in retail, consumer food brands such as ReGrained are upcycling ingredients, and the pharmacy sector is experiencing ongoing innovation as well as disruption. 40 percent: Estimated portion of all food in the United States that is wasted. $20 All this, Today in Data. 75 percent: Share of U.S.

Innovation 108

Innovation United States Customer Experience Fraud 108

PYMNTS

JANUARY 22, 2019

According to the PYMNTS Enterprise Grocery Report , almost $20,000 of the $56,697 per year of the average spending of households in the United States corresponds with food or similar products. At the time, the retailer said the 50th metro area for grocery delivery was in Akron, Ohio and that more locations were on the way.

Innovation 149

Innovation Ohio United States Survey 149

PYMNTS

MARCH 27, 2020

In the latest Merchants Guide to Navigating Global Payments Regulations , PYMNTS examines the latest data privacy and online banking regulations taking shape in the United States. The Tracker also looks at how COVID-19, the disease caused by the coronavirus, may impact the development of these rules in both the U.S.,

Data 199

Data Retail US California 199

PYMNTS

OCTOBER 18, 2019

WHSmith has revealed it will acquire Marshall Retail Group (MRG) in an effort to boost its presence in U.S. MRG currently operates more than 170 locations across the United States, with 70 of those locations operating inside airports. airports, according to Financial Times.

Groups 101

Groups Retail Las Vegas United States 101

Jeff For Banks

NOVEMBER 28, 2023

I asked Google Bard, a large language model tool, the following: "Describe the future of banking in the United States in buzzwords." Open banking : Open banking APIs will allow third-party providers to access and share customer financial data with their consent, enabling new and innovative banking products and services.

United States 95

United States Analytics Risk Management Google 95

PYMNTS

SEPTEMBER 10, 2019

Sometimes innovation in the commerce and payments space is a matter of a new technology or a new process. That might not sound like such a big deal, but it really is – at least when it comes to Amazon and retail fulfillment in the U.S. where higher land and construction costs deterred developers,” the report states.

Innovation 243

Innovation Seattle California United States 243

PYMNTS

MAY 24, 2019

The clothing rental market in the United States is projected to reach $4.4 This might attract customers, but retaining them requires constant innovation. While the rules of fashion may change completely in a few short years, the golden rule of retail will always remain the same: The customer is always right.

Innovation 134

Innovation United States Online Millennials 134

PYMNTS

DECEMBER 27, 2019

In today’s top news in payments, Amazon applied for a patent for hand recognition software, and retail sales reached new heights thanks to record online spending. Mastercard: Holiday eCommerce Nearly 15 Pct Of Retail Sales. Retail sales hit record highs this holiday season, thanks to massive growth in online spending, which was up 18.8

Retail 130

Retail Payments blockchain United States 130

PYMNTS

JULY 29, 2020

(and a can-do spirit), a country that rewards ambition and innovation — and where individual success stories of, say Google and Amazon customers are folded into the testimony in efforts to show how tech can help smaller firms pivot and embrace the great digital shift. More than 80 retailers in the U.S.

Innovation 168

Innovation Apple Google Texas 168

PYMNTS

SEPTEMBER 16, 2019

These are some of the ways that innovators in the dining space are making it easier for consumers to order their favorite foods — and for restaurants to accept their orders: The projected value of online restaurant delivery sales by 2022, compared to $25 billion today, is $62 billion.

Innovation 192

Innovation Mobile Groups Indiana 192

PYMNTS

APRIL 25, 2019

Shopify announced it has launched a new retail hardware collection to improve in-person shopping for some of the world’s fastest-growing brands and their customers. Digitally native brands want to build loyal audiences through retail locations, and we’ve designed the best products to help them achieve this success.”.

Retail 122

Retail United States Branding Cards 122

PYMNTS

JULY 24, 2019

I think if you look at Amazon, although there are certain benefits to it, they’ve destroyed the retail industry across the United States so there’s no question they’ve limited competition,” Mnuchin told CNBC. And, in the process, they have hurt small businesses and stifled innovation.”.

Retail 128

Retail US Massachusetts United States 128

PYMNTS

DECEMBER 30, 2020

Department stores are struggling in a digital-first economy, while forward-thinking retailers are looking at the returns process as an opportunity to create a positive customer experience. 97% : Share of consumers who will buy from a retailer again after having a positive returns experience. All this, Today in Data.

United States 261

United States Customer Experience Retail Data 261

PYMNTS

AUGUST 2, 2019

Emerging direct to consumer brands (DTC) are not the only companies entering the world of brick-and-mortar: Birkenstock , whose historical roots date back to the 1700s, recently opened its second retail store in the United States. retail store in New York City last year. They reportedly rolled out in Europe in 2018.

Retail 101

Retail United States US New York City 101

PYMNTS

NOVEMBER 6, 2019

Ikea and Hennes & Mauritz ( H&M ) are putting money into technology startups as a way to help them sidestep retail disruption, the Financial Times (FT) reported Wednesday (Nov. It was the first acquisition of its kind by the company in the United States, Ikea’s second-largest market behind Germany.

Retail 103

Retail United States Capital US 103

PYMNTS

JULY 22, 2020

The firm said the acceleration was mainly fueled by quicker growth in the United States, Brazil, Western Europe and a good share of APAC, according to the Monday (July 20) report. “At

United States 260

United States Retail Maine Online 260

PYMNTS

MARCH 6, 2019

Amazon will shutter all 87 of its pop-up stores in the United states by the end of next month, according to a report in The Wall Street Journal. The move would end the proliferation of the small shops in malls, Kohl’s stores and Whole Foods in 21 states.

Retail 145

Retail United States Branding Customer Experience 145

PYMNTS

AUGUST 9, 2019

Outdoor apparel retailers are reinventing their brick-and-mortar spaces to connect with customers by making stores into destinations that offer experiences. In the updated retail space, the company said, customers will “immediately feel The North Face heritage and experience the brand’s values.” In Other Brick-and-Mortar News.

Retail 108

Retail New York City New York United States 108

PYMNTS

MAY 29, 2020

The lockdown of the United States economy, which was designed to slow the coronavirus’ spread, changed the way consumers browse, shop and pay for purchases. Businesses that didn’t have eCommerce channels could not sell their products, while eateries that lacked online ordering couldn’t serve diners.

Maine 130

Maine Innovation United States Survey 130

PYMNTS

MARCH 9, 2017

For years, the retail industry has added more and more locations to help feed the hungry consumer, but the main issue now is whether this has backfired on retailers. One company speaking to this is clothing retailer Urban Outfitters. One company speaking to this is clothing retailer Urban Outfitters.

Retail 101

Retail United States Trends Customer Experience 101

Bank Innovation

DECEMBER 2, 2016

The personal lending space in the United States, conservatively estimated to be around $3 trillion in 2016, is seeing continued disruption. One of the latest innovative offerings in the lending space comes from a traditional investment bank: Goldman Sachs has looked to expand its presence in the retail banking space Read More.

Maine 150

Maine United States Lending Retail 150

PYMNTS

SEPTEMBER 30, 2020

The online retail giant is scooping up 90,000 additional square feet of office space in the middle of Singapore’s financial district at the Asia Square Tower 1, Bloomberg reports , citing people familiar with Amazon’s real estate plans. The world’s largest retailer is also on a hiring binge in Singapore.

Denver 243

Denver Dallas United States New York 243

PYMNTS

JUNE 27, 2019

To provide consumers with fresh, on-the-go food in an eco-friendly way, innovators in the culinary space are bringing salads and other options to vending machines. At the same time, according to the latest PYMNTS Automated Retail Tracker , the estimated number of vending machines in the U.S. The Automated Retail Market .

Retail 108

Retail New York City New York Chicago 108

PYMNTS

NOVEMBER 14, 2019

Sports are big business around the globe, so it comes as no surprise that retail innovation constantly takes place within that industry, and in combination with payments. The app was initially available at just six locations in California, Iowa and Texas, but now caters to more than 60 venues across the United States.

Mobile 129

Mobile Innovation San Jose Iowa 129

Perficient

FEBRUARY 2, 2023

In the beginning, the majority of BNPL purchases occurred between retailers and end customers in the apparel and cosmetics spaces, but there has been a shift toward using BNPL for bigger ticket items, in both business-to-consumer and business-to-business landscapes. In 2023, we expect to see this response exaggerated and heightened.

Industry 471

Industry Trends social media Payments 471

PYMNTS

DECEMBER 11, 2020

The pandemic is proving to be a tough loyalty test for retailers, as they are competing for customers’ attention in an environment where competition is still present in both online and in stores. Retailers must, therefore, assess what type of shopping experiences consumers are searching for, as well as how to provide swift payments.

Online 241

Online Payments Retail United States 241

PYMNTS

NOVEMBER 16, 2020

16), the retailer announced in a press release emailed to PYMNTS. The purchase process will involve scanning QR codes on mobile devices, CVS stated in the release. Customers at 8,200 CVS Pharmacy locations can use PayPal and Venmo to pay for purchases contact-free starting Monday (Nov. The partnership.

Payments 264

Payments United States Retail Resources 264