Retailers Win In Stimulus Bill

PYMNTS

Retail came up as a big, but very subtle, winner in the economic stimulus package passed by the Senate last night (March 25) in response to the coronavirus pandemic. The first change prevented retailers and restaurants from depreciating building improvements within a tax year.

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US Retailers Confront Data Privacy Shifts

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This can leave merchants and retailers operating online platforms in various states caught in the middle, said Nicholas Ahrens, vice president of innovation for retailer trade group the Retail Industry Leaders Association (RILA), in a recent interview with PYMNTS.

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Omnichannel No Longer An Option For Retail

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Consumers shopping in droves via eCommerce channels is hardly a piece of breaking news — for the better part of a decade, that has been obvious to anyone watching the retail space. The choice may be credit, it may be debit, or it could be alternative methods, especially in retail,” he said. “We’re

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Omnichannel Moves Beyond Retail

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According to Sherman, the backbone of omnichannel, especially outside the retail world, is that it must match or exceed the offline and online (and mobile) consumer experiences found in a variety of daily activities. Let’s start this story with a trip to the dentist’s office.

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How Unattended Retail Sells Loyalty

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Retailers put together window displays and signs to create enticing storefronts, engage customers via social media and send printed ads through the mail. Unattended retail hardware and software can achieve more for merchants than simply vending products in a self-serve manner, Ning said.

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Wachter helps retailers integrate customer engagement technology

Mobile Payments Today

Matt Tyler, director of IoT, Wachter, discusses how the network technology integrator identifies the turnkey solution that works to address the challenges retailers face in attracting new customers

Retail Store Closures Pass 7,150

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This year is proving to be another tough one for brick-and-mortar stores, with Dressbarn , CVS , Party City and Pier 1 Imports being just a few of the retailers announcing closures. retailers so far this year, compared to the 5,524 store closures for all of 2018.

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Bringing Biometric Payments To Retail

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And, in retail, wellness innovators are personalizing vitamin subscriptions for better self-care, while disruptors are aiming to replace heavy parking structures with automated towers. Today In Data biometrics Commerce Innovation News payments Retail Today in Data

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The Essential Classification Divide Grows Among Retailers

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The divide between essential and non-essential retail grows bigger by the day as deep discounters and dollar stores continue to add stores, employees and revenue during the COVID-19 crisis. We’ve had pretty much 100 percent cancellation from all major retailers,” he said , naming Macy’s Inc.,

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Uber Eyes Retail Delivery

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Uber CEO Dara Khosrowshahi said the ride-hailing company could potentially offer courier services for retail businesses in the future, according to a report by Reuters. Delivery Courier Dara Khosrowshahi delivery News Retail Uber What's Hot

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Retail Pulse: Toys R Us Returns With Small Retail Stores

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Iconic brick-and-mortar retailers are sometimes reinvented, and return to the world of retail with smaller-format concepts. That news came after reports emerged in April that the retailer was no longer accepting online orders through its website.

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Trust Becomes Valuable Commodity For Retailers

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In normal times consumers look for three things from a retailer: price, product and location. In fact, a pre-crisis PwC report showed that 14 percent of respondents said trust in a brand is the number one reason (other than price) why they shop at a retailer.

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Looking Toward Post-COVID Retail

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For retailers looking at stockouts, empty stores and the worst still to come, talk of recovery might seem premature. Retailers should first understand that the most stress is likely being placed on front-line employees and, if applicable, customer service reps.

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Retail Branding Comes Off The Back Burner

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For retailers, especially those deemed non-essential and struggling with revenue, branding may be on the back burner right now. According to Claessen, those brand attributes are even more important during this crisis as retailers communicate with employees, landlords and consumers.

Experiential Retail Doesn’t Sleep On Pandemics

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Today a customer may walk into a retail location in the midst of a pandemic. In fact, experiential retail does not sleep during a pandemic or any other external event. First, retailers need the right mindset,” he said. “In Retail Carnival Corp.

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Retailers See An eCommerce Boom

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A number of retailers have recently seen a surge in eCommerce sales. Now, it’s easier in some ways to be a late mover,” in retailing online, Sucharita Kodali, a retail analyst at Forrester Research, said in an interview, according to CNBC.

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How Unattended Retail Is Shaping Retail’s Future

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The world of unattended retail has come a very long way in a very short time. Less than a decade ago, the unattended retail space was more or less defined by vending machines. Until very recently, unattended retail really wasn’t an innovation-focused space.

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Pharmacies Drive More Retail Innovation

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Pretty much everyone needs medicine at one or another, and that need is helping to drive retail innovation and attempts at disruption in the pharmacy business. But innovation efforts continue for retail pharmacy operations. Expect other retail pharmacy moves as a new decade dawns.

Discount Retailers Move Away From eCommerce

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If it weren’t for a certain pandemic that is dominating most news, the two biggest stories in retail over the past week would have been stunning at any other time. On the retailer’s website is a store locator and not much else – it doesn’t sell online.

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Retail Transformations With Digital Innovations

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Retailers that sell products and services online have been steadily removing payment frictions from their online checkout processes, adopting checkout features like refund policies and free shipping. percent: Portion of travel and hospitality retailers that provide rewards programs.

Retail Tech May Lead A Resurgence … Someday

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Believe it or not, there will be a time when the phrase “retail resurgence” replaces “store closings.” And research from Nielsen says it may come from retail technology. Retail china Coronavirus Lowes News Technology

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Service-Based Retailers Surpass Product-Focused Merchants

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Per a JLL report, the number of service-based retailers rose 20.5 million spaces, while retailers offering goods declined 4.5 JLL Director of Retail Research James Cook said that the growth in service-based companies “will plateau at some new percentage.”

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Retail Sales Seesawing In 2019

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Retail sales in the U.S. Retail sales were down 0.2 Retail sales represent about one-third of consumer spending, which itself represent about two-thirds of the U.S. Internet retailers and pharmacies also took a 0.2 Economy economy News Retail Retail sales U.S.

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Local Governments Move In On Retail Vacancies

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It was supposed to be a thriving retail center in Milwaukee when it was built seven years ago. It’s one approach to a growing retail vacancy issue that local governments are getting more aggressive in trying to solve.

Retailing The Automated Way

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The headlines may seem to gravitate toward Amazon Go and the cashless store debate, but automated retail efforts are seen across any number of vendors and settings – from vending machines to big box stores to delivery services.

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Why Retailers Are Crowdsourcing Delivery

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The general experience can apply to retail goods, including groceries. After all, the principle is the same, no matter the retail sector: using a digital platform that crowdsources from big commerce ecosystems to provide more efficient deliveries of goods. Retail Benefits.

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Virtual Reality Gains Traction In Retail

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Virtual reality could have more retailers reach more consumers in the coming few years — in large part by upping the consumer experience. billion for retail and marketing in the year 2022, with revenues from VR initiatives expected to increase by 3,000 percent over the next four years.

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Automated Retail Speeds Up Delivery And Checkout

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Automated retail might conjure up images of robot cashiers, but beyond a few convenience stores in Japan and Korea, that sci-fi development hasn’t yet become reality for the wider world. The automated retail landscape in the U.S. The most familiar unattended retail model in the U.S.

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For Retailers, Getting Ready For Automation

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In an interview with PYMNTS, Tim Moran, senior vice president of product and marketing at Worldnet , told PYMNTS that the age of automated retail is dawning — but there is no one-size-fits-all approach. The tech savvy consumer, he told PYMNTS, expects choice and autonomy in a retail setting.

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Mixed Bag For 2019 Retail IPO Stars

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The volatile, COVID-driven stock market has had a mixed effect on the retail IPO class of 2019. Chewy seems to offer protection against coronavirus fears that have afflicted retailers and other businesses that function as gathering places. Retail Chewy ipo News Revolve The RealReal

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Retailers Woo Homebound Consumers With Big Deals

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Meanwhile, retailers have been advertising price cuts, steep discounts and free shipping in an effort to stimulate eCommerce sales, according to Reuters.

Retail Bankruptcies Fuel The Overstored Debate

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Another bankruptcy; another week of trying to sort out the problems at retail. simply has too many stores to support them all and the “retail apocalypse” is simply as natural as a snake shedding skin. 24) report on the Pier 1 bankruptcy and retail bankruptcies in general.

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Why Retailers Need Better Payments To Boost Mobile Retail App Appeal

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In one sense, that describes the situation for mobile commerce — specifically, retail apps — as 2020 looms. New research from PYMNTS and LISNR digs deep into consumer views of mobile retail apps. So what does the future hold for mobile retail apps, some two to five years out?

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Apple Resumes Operation Of All China Retail Locations

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After it was forced to shutter its retail locations in China because of the spread of COVID-19, Apple Inc. The tech firm has also begun to make additional space in its retail locations and calling off some of its classes to stop the virus from spreading.

Legacy Brands’ Retail Shelf Space Is Shrinking

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Legacy brands like Clorox and General Mills are facing increased competition due to store placement by retailers using their own data gathering practices to see what customers prefer to shop for and how they behave in stores, according to a report by The Wall Street Journal.