INDUSTRY INSIGHTS YOUR PEERS ARE READING
Retail sales fell by 1.2 During the month, all major retail categories with the exception of building materials as well as motor vehicles fell. Sales at book and sporting goods retailers fell by 4.9 And sales at non-store retailers — such as Amazon.com — fell by 3.9 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
this year as the leading retail market around the world. According to eMarketer’s worldwide retail and eCommerce forecast, in 2019 China’s total retail sales are forecast to increase 7.5 That compares to retail sales in the U.S. percent of retail. MORE
The team at my Mystore-E believes they can solve that problem, with an AI tool called Tore-E that is specifically designed for retail environments. That means digital displays throughout a retail location that allow consumers to attempt things like virtual try-ons via augmented reality (AR). MORE
In a press release , the Cupertino, California iPhone maker said that with the addition of the national retailers, 74 of the leading 100 merchants in the U.S. and 65 percent of retail locations around the U.S. Mobile Payments Apple Pay digital payments News Retail Target What's Hot MORE
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. What new retail inventions will these accelerators bring? 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
Retailers in the U.K. had a poor showing during the holiday shopping season; The Financial Times reported that despite steep price cuts, retail sales had their worst performance since December of 2008. retailers Thursday (January 10) as further evidence of the pain the U.K. MORE
From 7-Eleven to H&M , retailers are adopting digital payments and artificial intelligence (AI) technology to bring more convenient experiences to their customers. And retailers with brick-and-mortar locations in North America are starting to accept Chinese mobile payment systems. MORE
Overstock is gearing up to sell its retail business, with a deal taking place in the next few months as it focuses solely on its blockchain initiatives. Overstock has previously announced plans to sell the retail business so that it can focus on blockchain technology. MORE
Apple announced that its retail chief, Angela Ahrendts, is stepping down, while Deirdre O’Brien is taking on an expanded role as senior vice president of Retail + People. I am thrilled to work alongside Deirdre in her new role, and I know our 70,000 retail employees will be, too.”. MORE
The National Retail Federation (NRF) predicts that retail sales this year will increase between 3.8 Preliminary estimates show that last year’s retail sales grew 4.6 Retail consumer economy financial health News NRF Retail sales spending stocks unemployment What's Hot MORE
CVS retail business, separate from its pharmacy operations, has had a difficult few years. But those general retail items will be reduced and restricted to make more room for healthcare-related services. 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
A battle between two big pet stores pits an omnichannel focus against a push to make physical stores more robust — and all of it is happening in the shadow of Amazon, and as subscription eCommerce comes into play in this retail sector. The competition between those two retailers comes as U.S. MORE
And changing trends and habits have taken a toll on retailers most traditionally associated with the bridal and wedding niche. And Zhong believes that keeping costs capped at a reasonable level is crucial, which is why the brand eschews retail stores and their costs. MORE
In the modern age of retail, a National Retail Federation (NRF) study has found that inventory loss, due to crime or error, is having a $46.8 percent of sales to retailers, Forbes reported. MORE
One of the main goals of digital payments and retail is to encourage seamless connections – and not just when it comes to transactions. 300,000+: User base of Zebit, an online retail marketplace and underwriter for POS, debit-based loans. 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
This is true for any industry, but perhaps even more so in the food retail space, where regulations can be as much about public health and safety as they are about money laundering and fraud. MORE
While 90 percent of the company’s revenue comes from online sales per the Times , Glossier’s ethos is that it is not led by either brick-and-mortar retail or eCommerce. Weiss sees the company as “emotional commerce,” meaning at art and discovery is still central to retail. MORE
The space can appeal to digital native brands that might want to dip their toes into the world of brick-and-mortar retail. Macerich has reportedly been able to significantly shorten the time it takes a retail store to get set up and running, after all. 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
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
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
Digitally-native furniture and home décor retailer Article has launched an in-house delivery program in Los Angeles and New York. Major retailers are also taking control of getting their products directly to the consumer. Retail Article delivery furniture News What's Hot MORE
In the world of retail innovations, merchants are looking to reach shoppers by interacting with them through multiple touchpoints. Even digitally native retailers are opening brick-and-mortar locations. And retailers are constantly seeking to improve their digital presence. MORE
With the possibility of a potential recession looming, among other factors, retailers may be rethinking major decisions. At National Retail Federation’s Big Show in New York on Monday (Jan. 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
By some accounts, the 2018 holiday season is going to be a bang-up year for retailers. retailers are expected to increase 4.8 percent this year, according to the National Retail Federation (NRF) — well above the 3.9 percent growth seen by the retail market one year ago. 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
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
To look into smart retail solutions with the Internet of Things (IoT), JD.com and Intel have teamed up to start the Digitized Retail Joint Lab. The eCommerce retailer noted that the effort indicates an “extension” of a partnership that already exists between the company and Intel. 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
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
By working collaboratively with these retailers, we’ve created a way for businesses to take proactive steps to prevent scams,” New York State Attorney General Barbara Underwood said in a statement. MORE
Retailers are doubling down on toys amid a gap in the market left by the bankruptcy of Toys R Us. toy retailer Hamleys , for instance, is eyeing a potential New York City location for a flagship store. Retailers Step up Toy Selection. 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
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
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
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
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
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
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
FEBRUARY 15, 2019
CVS retail business, separate from its pharmacy operations, has had a difficult few years. But those general retail items will be reduced and restricted to make more room for healthcare-related services.
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
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
FEBRUARY 6, 2019
One of the main goals of digital payments and retail is to encourage seamless connections – and not just when it comes to transactions. 300,000+: User base of Zebit, an online retail marketplace and underwriter for POS, debit-based loans.
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
FEBRUARY 6, 2019
Apple announced that its retail chief, Angela Ahrendts, is stepping down, while Deirdre O’Brien is taking on an expanded role as senior vice president of Retail + People. I am thrilled to work alongside Deirdre in her new role, and I know our 70,000 retail employees will be, too.”.
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
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
JANUARY 28, 2019
And changing trends and habits have taken a toll on retailers most traditionally associated with the bridal and wedding niche. And Zhong believes that keeping costs capped at a reasonable level is crucial, which is why the brand eschews retail stores and their costs.
PYMNTS
JANUARY 23, 2019
this year as the leading retail market around the world. According to eMarketer’s worldwide retail and eCommerce forecast, in 2019 China’s total retail sales are forecast to increase 7.5 That compares to retail sales in the U.S. percent of retail.
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
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
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
JANUARY 15, 2019
The team at my Mystore-E believes they can solve that problem, with an AI tool called Tore-E that is specifically designed for retail environments. That means digital displays throughout a retail location that allow consumers to attempt things like virtual try-ons via augmented reality (AR).
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 14, 2019
Retail sales fell by 1.2 During the month, all major retail categories with the exception of building materials as well as motor vehicles fell. Sales at book and sporting goods retailers fell by 4.9 And sales at non-store retailers — such as Amazon.com — fell by 3.9
PYMNTS
JANUARY 22, 2019
In a press release , the Cupertino, California iPhone maker said that with the addition of the national retailers, 74 of the leading 100 merchants in the U.S. and 65 percent of retail locations around the U.S. Mobile Payments Apple Pay digital payments News Retail Target What's Hot
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 25, 2019
Digitally-native furniture and home décor retailer Article has launched an in-house delivery program in Los Angeles and New York. Major retailers are also taking control of getting their products directly to the consumer. Retail Article delivery furniture News What's Hot
PYMNTS
FEBRUARY 14, 2019
From 7-Eleven to H&M , retailers are adopting digital payments and artificial intelligence (AI) technology to bring more convenient experiences to their customers. And retailers with brick-and-mortar locations in North America are starting to accept Chinese mobile payment systems.
PYMNTS
DECEMBER 5, 2018
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. What new retail inventions will these accelerators bring?
PYMNTS
NOVEMBER 23, 2018
By working collaboratively with these retailers, we’ve created a way for businesses to take proactive steps to prevent scams,” New York State Attorney General Barbara Underwood said in a statement.
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.
PYMNTS
DECEMBER 11, 2018
To look into smart retail solutions with the Internet of Things (IoT), JD.com and Intel have teamed up to start the Digitized Retail Joint Lab. The eCommerce retailer noted that the effort indicates an “extension” of a partnership that already exists between the company and Intel.
PYMNTS
FEBRUARY 21, 2019
A battle between two big pet stores pits an omnichannel focus against a push to make physical stores more robust — and all of it is happening in the shadow of Amazon, and as subscription eCommerce comes into play in this retail sector. The competition between those two retailers comes as U.S.
PYMNTS
JANUARY 7, 2019
In the world of retail innovations, merchants are looking to reach shoppers by interacting with them through multiple touchpoints. Even digitally native retailers are opening brick-and-mortar locations. And retailers are constantly seeking to improve their digital presence.
PYMNTS
JANUARY 15, 2019
With the possibility of a potential recession looming, among other factors, retailers may be rethinking major decisions. At National Retail Federation’s Big Show in New York on Monday (Jan.
PYMNTS
FEBRUARY 7, 2019
This is true for any industry, but perhaps even more so in the food retail space, where regulations can be as much about public health and safety as they are about money laundering and fraud.
PYMNTS
NOVEMBER 25, 2018
Overstock is gearing up to sell its retail business, with a deal taking place in the next few months as it focuses solely on its blockchain initiatives. Overstock has previously announced plans to sell the retail business so that it can focus on blockchain technology.
PYMNTS
FEBRUARY 1, 2019
In the modern age of retail, a National Retail Federation (NRF) study has found that inventory loss, due to crime or error, is having a $46.8 percent of sales to retailers, Forbes reported.
PYMNTS
NOVEMBER 20, 2018
The space can appeal to digital native brands that might want to dip their toes into the world of brick-and-mortar retail. Macerich has reportedly been able to significantly shorten the time it takes a retail store to get set up and running, after all.
PYMNTS
NOVEMBER 9, 2018
While 90 percent of the company’s revenue comes from online sales per the Times , Glossier’s ethos is that it is not led by either brick-and-mortar retail or eCommerce. Weiss sees the company as “emotional commerce,” meaning at art and discovery is still central to retail.
PYMNTS
OCTOBER 10, 2018
By some accounts, the 2018 holiday season is going to be a bang-up year for retailers. retailers are expected to increase 4.8 percent this year, according to the National Retail Federation (NRF) — well above the 3.9 percent growth seen by the retail market one year ago.
PYMNTS
FEBRUARY 6, 2019
The National Retail Federation (NRF) predicts that retail sales this year will increase between 3.8 Preliminary estimates show that last year’s retail sales grew 4.6 Retail consumer economy financial health News NRF Retail sales spending stocks unemployment What's Hot
PYMNTS
JANUARY 10, 2019
Retailers in the U.K. had a poor showing during the holiday shopping season; The Financial Times reported that despite steep price cuts, retail sales had their worst performance since December of 2008. retailers Thursday (January 10) as further evidence of the pain the U.K.
PYMNTS
DECEMBER 11, 2018
Retailers are doubling down on toys amid a gap in the market left by the bankruptcy of Toys R Us. toy retailer Hamleys , for instance, is eyeing a potential New York City location for a flagship store. Retailers Step up Toy Selection.
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