INDUSTRY INSIGHTS YOUR PEERS ARE READING
In such scenarios, the convenience offered by eCommerce sites falls short while on-the-ground retail wins the day. Big-box grocery and convenience retailers that tend to experience high-traffic, for instance, stand to benefit from adding automated solutions at their stores. MORE
6) that it has acquired StopLift Checkout Vision Systems, an intelligent computer vision system, to combat theft in the retail business. NCR , the banking and commerce solutions company, announced Tuesday (Nov. MORE
Amid great technological change, health and beauty retailers are developing strategies to drive innovation. In some cases, retailers are using social media tools such as Instagram to post promotions and product tutorials — or interact openly with consumers about their offerings. MORE
Out of the haze of uncertainty emerged a new mobile network, and from the new mobile network came new retail applications and experiences, all taking advantage of the faster speed of the technology, and the potential to reduce friction. 5G Retail Deal. VR Retail Growth. MORE
Somewhat less apparent, however, are the complexities that the “legalish” status of cannabis consumption creates for retailers that one might not immediately associate with legalized marijuana. MORE
When it comes to fulfilling consumers’ need for instant gratification, physical retailers might have an upper hand, but they can struggle to gain the depth of insights that eTailers have on their customers’ demographics and buying behavior. Around the Unattended Retail World. MORE
Retail apocalypse? Whatever you want to call the decline of brick-and-mortar retail – and it’s getting worse, according to a few recent reports – it’s not good. Take high-end retailer Neiman Marcus, which offers one of the newest examples of this trend. Mere culling of the herd? MORE
With low prices and high-quality items through private labels, retailers like Target and Costco are increasing sales of their own items quicker than those of iconic American names. And, amid earnings reports, executives at large retailers in the U.S. MORE
The second time is the charm — that holds true for Neiman Marcus, and the hot retail trend the chain is tapping into (again). Retailers are increasingly turning their sights to resale commerce. The latest evidence for that came this earlier this week from the high-end retail chain. MORE
To help build customer loyalty, eCommerce and brick-and-mortar retailers have a myriad of tools on hand: Cashiers can sign customers up for loyalty cards at brick-and-mortar stores, and eCommerce sites can send customers special offers and coupons by email. MORE
Retailers in the physical world are at a real disadvantage when it comes to knowing the customers in their stores, and what they do once they get there. This data certainly isn’t nothing, but it pales in comparison to the data troves that digital retailers have. MORE
Weaker-than-expected holiday spending has led to concerns that it’s the start of a retail slowdown, leading Wall Street to slash profit estimates. retailers saw their estimates reduced during the past three months, with estimates only increasing for 16. MORE
Might Macy’s be a better landlord than retailer? have been hurt as shoppers make more purchases online, forcing retailers to think of ways to either downsize their footprints or repurpose their stores. million square feet of retail space. Retail Trends. MORE
Hot on the heels of its close cousin, augmented reality (AR), more retailers are using immersive virtual reality (VR) experiences to entice customers through the doors of physical storefronts. Move aside, storefront mannequins. MORE
But not all labor market strength is distributed equally – and the retail segment continues to lag. In March, it was reported that retailers announced plans to cut 4,860 jobs, bringing its first-quarter retail segment losses to 46,061. MORE
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. In addition, Shopify is launching two new accessories to improve the retail countertop experience for merchants and customers. MORE
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. MORE
It also means big outdoor music festivals – and all the retail that comes along with them. but to do retail in a way that feels organic and interesting, and somehow fits the vibes of a particular event and its brand. MORE
Black Friday was a boon for online retail. Adobe’s analysis of 80 of the top 100 internet retailers found that consumers racked up two billion dollars in sales via their smartphones between Thanksgiving and the end of the day on Black Friday. The Physical Retail Death Spiral, Take Two. MORE
Voice-assisted retail has commanded most of the spotlight in recent months, a reasonable development given the sales of voice-enabled devices, especially during the 2018 holiday shopping season. As Mann told Karen Webster during the latest installment of the PYMNTS Matchmakers interview series, the time has come to recognize the strides visual search has made — and how the retail and marketing technology could help merchants gain and keep more customers. MORE
Retailers are becoming more interested in omnichannel offerings: The PYMNTS mPOS Tracker found that 67 percent of those surveyed listed it as a priority for this year. Nearly half – or 45 percent – of retailers see mPOS solutions as top priorities. MORE
Since then, the eCommerce retailer has brought the store to other locations in the city and Chicago as well as one location on the way in Lower Manhattan. Retail amazon go cashierless stores DeepMagic Kiosks Kroger News Walgreens MORE
million fine against Mastercard for its swipe fees, which regulators said drove up prices for retailers and consumers, and hampered competition. Now, European retail groups want that to change. Reports in PaymentsCompliance noted dissatisfaction among retail communities in the U.K. MORE
Once upon a time — about a decade ago — there was this QSR executive who observed the rise of online retail, but figured those changes would never apply to his businesses. MORE
A recent survey showed that retailers are going to get some love on Valentine’s Day, according to reports. Retail Consumer Spending ecommerce gifts News NRF Retail sales shopping valentines day What's Hot MORE
The race to 5G retail is on. Recent news out of Asia serves as solid foreshadowing of how 5G could enhance retail in the coming few years. 5G Retail Plans. South Korea’s SK Telecom and retail conglomerate Shinsegae Group have joined forces on 5G retail, for instance. MORE
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. Through the arrangement, retailers would accept Alipay for transactions at U.K. MORE
Square has two new offerings: the revamped Square Online Store and Square For Retail, introduced in an announcement by the company on Wednesday (March 20). Point-of-sale (POS) app Square for Retail has been optimized for and redesigned with retailers in mind. MORE
With a rise in discretionary spending and building materials purchasing, retail sales in the U.S. At the same time, however, it was noted that retail sales fell by 1.6 During the month, mail-order and online retail sales notched their largest gain as of December 2017 at 2.6 MORE
It looks like we can finally have a serious conversation about the impending collapse of physical retail in the U.S. All it took was a 160-year old retailer and a $34 billion kick in the stomach to the retail sector to get everyone’s attention. The Demise of Physical Retail. MORE
To learn more about their customers and increase foot traffic, retailers are testing out new business ideas. In some cases, retailers are dedicating small spaces to brands inside their brick-and-mortar stores. The vast majority of retailers believe in trying new business approaches. MORE
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. MORE
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. MORE
Before consumers started to trade brick-and-mortar shopping experiences for eCommerce websites, retailers could bring customers through their doors with window displays. According to the PYMNTS Virtual Reality In Retail Report , there are expected to be 100 million AR/VR headset users by 2022. MORE
Writ large, the unattended retail model can be thought of, too, as an unattended payments model, where everything revolves around an authenticated user wielding a registered payment credential — two components that, once in place, can truly take advantage of an omnichannel experience. MORE
Retailers have been testing out shelf-scanning robots to find out if they can handle restocking a store’s inventory when needed. “We’re Frederic McCoy, a senior vice president at Jabil Retail, a unit of Jabil Inc., MORE
retail outfit that sells children’s clothing, is mulling whether to shutter more than half of its 900-store base, Reuters reported Tuesday (Nov. Gymboree was one of a wave of 20 retailers that have filed for bankruptcy since the start of 2017. Gymboree, the U.S. MORE
Probably every shopper knows the thrill of the retail treasure hunt — that odd, unexpected, but perfect product discovered on a shelf; that highly desired item almost hidden in some corner, but found via serendipity or determined effort. MORE
To help meet customer expectations in the digital age, retailers have to know who their shoppers are and what they want. While eTailers already have this information about consumers, brick-and-mortar retailers don’t have this in-depth knowledge. MORE
Still, it’s striking — or, perhaps, significantly hopeful, in a retail sense — that 65.4 percent of retailers have said they innovate to improve customer loyalty. It’s not your father’s customer loyalty anymore. MORE
New technologies bring new opportunities to serve consumers, and retailers are offering their customers more digital options than ever to meet their wants and needs. 56 percent: The percentage of retailers that say they innovate to meet consumer demand for new payment methods. MORE
could force retailers and restaurants in a number of states to accept cash as a payment method. Backers of the idea say that retailers and restaurants that don’t accept cash are discriminating against people who are unbanked. MORE
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. MORE
Stocks are up modestly to start the year, but based on Thursday’s trading action, the retail sector is escaping investors’ favor (to put it mildly), as company after company is bringing dismal news to light. MORE
Retail Related Topics PYMNTS
APRIL 16, 2019
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.
PYMNTS
APRIL 8, 2019
But not all labor market strength is distributed equally – and the retail segment continues to lag. In March, it was reported that retailers announced plans to cut 4,860 jobs, bringing its first-quarter retail segment losses to 46,061.
PYMNTS
APRIL 5, 2019
Probably every shopper knows the thrill of the retail treasure hunt — that odd, unexpected, but perfect product discovered on a shelf; that highly desired item almost hidden in some corner, but found via serendipity or determined effort.
PYMNTS
MARCH 1, 2019
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.
PYMNTS
APRIL 4, 2019
Out of the haze of uncertainty emerged a new mobile network, and from the new mobile network came new retail applications and experiences, all taking advantage of the faster speed of the technology, and the potential to reduce friction. 5G Retail Deal. VR Retail Growth.
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. In addition, Shopify is launching two new accessories to improve the retail countertop experience for merchants and customers.
PYMNTS
MARCH 6, 2019
Writ large, the unattended retail model can be thought of, too, as an unattended payments model, where everything revolves around an authenticated user wielding a registered payment credential — two components that, once in place, can truly take advantage of an omnichannel experience.
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. Through the arrangement, retailers would accept Alipay for transactions at U.K.
PYMNTS
MARCH 25, 2019
To help meet customer expectations in the digital age, retailers have to know who their shoppers are and what they want. While eTailers already have this information about consumers, brick-and-mortar retailers don’t have this in-depth knowledge.
PYMNTS
MARCH 22, 2019
In such scenarios, the convenience offered by eCommerce sites falls short while on-the-ground retail wins the day. Big-box grocery and convenience retailers that tend to experience high-traffic, for instance, stand to benefit from adding automated solutions at their stores.
PYMNTS
JANUARY 28, 2019
Retailers have been testing out shelf-scanning robots to find out if they can handle restocking a store’s inventory when needed. “We’re Frederic McCoy, a senior vice president at Jabil Retail, a unit of Jabil Inc.,
PYMNTS
JANUARY 24, 2019
Before consumers started to trade brick-and-mortar shopping experiences for eCommerce websites, retailers could bring customers through their doors with window displays. According to the PYMNTS Virtual Reality In Retail Report , there are expected to be 100 million AR/VR headset users by 2022.
PYMNTS
MARCH 20, 2019
Square has two new offerings: the revamped Square Online Store and Square For Retail, introduced in an announcement by the company on Wednesday (March 20). Point-of-sale (POS) app Square for Retail has been optimized for and redesigned with retailers in mind.
PYMNTS
OCTOBER 18, 2018
To learn more about their customers and increase foot traffic, retailers are testing out new business ideas. In some cases, retailers are dedicating small spaces to brands inside their brick-and-mortar stores. The vast majority of retailers believe in trying new business approaches.
PYMNTS
MARCH 11, 2019
With a rise in discretionary spending and building materials purchasing, retail sales in the U.S. At the same time, however, it was noted that retail sales fell by 1.6 During the month, mail-order and online retail sales notched their largest gain as of December 2017 at 2.6
PYMNTS
APRIL 15, 2019
To help build customer loyalty, eCommerce and brick-and-mortar retailers have a myriad of tools on hand: Cashiers can sign customers up for loyalty cards at brick-and-mortar stores, and eCommerce sites can send customers special offers and coupons by email.
PYMNTS
MARCH 18, 2019
Weaker-than-expected holiday spending has led to concerns that it’s the start of a retail slowdown, leading Wall Street to slash profit estimates. retailers saw their estimates reduced during the past three months, with estimates only increasing for 16.
PYMNTS
APRIL 16, 2019
Retail apocalypse? Whatever you want to call the decline of brick-and-mortar retail – and it’s getting worse, according to a few recent reports – it’s not good. Take high-end retailer Neiman Marcus, which offers one of the newest examples of this trend. Mere culling of the herd?
PYMNTS
MARCH 11, 2019
Retailers are becoming more interested in omnichannel offerings: The PYMNTS mPOS Tracker found that 67 percent of those surveyed listed it as a priority for this year. Nearly half – or 45 percent – of retailers see mPOS solutions as top priorities.
PYMNTS
APRIL 25, 2019
Might Macy’s be a better landlord than retailer? have been hurt as shoppers make more purchases online, forcing retailers to think of ways to either downsize their footprints or repurpose their stores. million square feet of retail space. Retail Trends.
PYMNTS
JANUARY 14, 2019
It looks like we can finally have a serious conversation about the impending collapse of physical retail in the U.S. All it took was a 160-year old retailer and a $34 billion kick in the stomach to the retail sector to get everyone’s attention. The Demise of Physical Retail.
PYMNTS
APRIL 18, 2019
The second time is the charm — that holds true for Neiman Marcus, and the hot retail trend the chain is tapping into (again). Retailers are increasingly turning their sights to resale commerce. The latest evidence for that came this earlier this week from the high-end retail chain.
PYMNTS
MARCH 26, 2019
Retailers in the physical world are at a real disadvantage when it comes to knowing the customers in their stores, and what they do once they get there. This data certainly isn’t nothing, but it pales in comparison to the data troves that digital retailers have.
PYMNTS
NOVEMBER 6, 2018
6) that it has acquired StopLift Checkout Vision Systems, an intelligent computer vision system, to combat theft in the retail business. NCR , the banking and commerce solutions company, announced Tuesday (Nov.
PYMNTS
DECEMBER 12, 2018
Since then, the eCommerce retailer has brought the store to other locations in the city and Chicago as well as one location on the way in Lower Manhattan. Retail amazon go cashierless stores DeepMagic Kiosks Kroger News Walgreens
PYMNTS
NOVEMBER 9, 2018
Still, it’s striking — or, perhaps, significantly hopeful, in a retail sense — that 65.4 percent of retailers have said they innovate to improve customer loyalty. It’s not your father’s customer loyalty anymore.
PYMNTS
JANUARY 23, 2019
Hot on the heels of its close cousin, augmented reality (AR), more retailers are using immersive virtual reality (VR) experiences to entice customers through the doors of physical storefronts. Move aside, storefront mannequins.
PYMNTS
FEBRUARY 20, 2019
Somewhat less apparent, however, are the complexities that the “legalish” status of cannabis consumption creates for retailers that one might not immediately associate with legalized marijuana.
PYMNTS
FEBRUARY 27, 2019
million fine against Mastercard for its swipe fees, which regulators said drove up prices for retailers and consumers, and hampered competition. Now, European retail groups want that to change. Reports in PaymentsCompliance noted dissatisfaction among retail communities in the U.K.
PYMNTS
NOVEMBER 28, 2018
retail outfit that sells children’s clothing, is mulling whether to shutter more than half of its 900-store base, Reuters reported Tuesday (Nov. Gymboree was one of a wave of 20 retailers that have filed for bankruptcy since the start of 2017. Gymboree, the U.S.
PYMNTS
MARCH 18, 2019
With low prices and high-quality items through private labels, retailers like Target and Costco are increasing sales of their own items quicker than those of iconic American names. And, amid earnings reports, executives at large retailers in the U.S.
PYMNTS
MARCH 28, 2019
It also means big outdoor music festivals – and all the retail that comes along with them. but to do retail in a way that feels organic and interesting, and somehow fits the vibes of a particular event and its brand.
PYMNTS
OCTOBER 17, 2018
New technologies bring new opportunities to serve consumers, and retailers are offering their customers more digital options than ever to meet their wants and needs. 56 percent: The percentage of retailers that say they innovate to meet consumer demand for new payment methods.
PYMNTS
FEBRUARY 21, 2019
could force retailers and restaurants in a number of states to accept cash as a payment method. Backers of the idea say that retailers and restaurants that don’t accept cash are discriminating against people who are unbanked.
PYMNTS
MARCH 21, 2019
When it comes to fulfilling consumers’ need for instant gratification, physical retailers might have an upper hand, but they can struggle to gain the depth of insights that eTailers have on their customers’ demographics and buying behavior. Around the Unattended Retail World.
PYMNTS
NOVEMBER 26, 2018
Black Friday was a boon for online retail. Adobe’s analysis of 80 of the top 100 internet retailers found that consumers racked up two billion dollars in sales via their smartphones between Thanksgiving and the end of the day on Black Friday. The Physical Retail Death Spiral, Take Two.
PYMNTS
APRIL 9, 2019
Voice-assisted retail has commanded most of the spotlight in recent months, a reasonable development given the sales of voice-enabled devices, especially during the 2018 holiday shopping season. As Mann told Karen Webster during the latest installment of the PYMNTS Matchmakers interview series, the time has come to recognize the strides visual search has made — and how the retail and marketing technology could help merchants gain and keep more customers.
PYMNTS
JANUARY 3, 2019
Once upon a time — about a decade ago — there was this QSR executive who observed the rise of online retail, but figured those changes would never apply to his businesses.
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.
PYMNTS
JANUARY 10, 2019
Stocks are up modestly to start the year, but based on Thursday’s trading action, the retail sector is escaping investors’ favor (to put it mildly), as company after company is bringing dismal news to light.
PYMNTS
FEBRUARY 11, 2019
Amid great technological change, health and beauty retailers are developing strategies to drive innovation. In some cases, retailers are using social media tools such as Instagram to post promotions and product tutorials — or interact openly with consumers about their offerings.
PYMNTS
FEBRUARY 8, 2019
A recent survey showed that retailers are going to get some love on Valentine’s Day, according to reports. Retail Consumer Spending ecommerce gifts News NRF Retail sales shopping valentines day What's Hot
PYMNTS
OCTOBER 23, 2018
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.
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