Bringing Biometric Payments To Retail

PYMNTS

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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Omnichannel Moves Beyond Retail

PYMNTS

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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Pharmacies Drive More Retail Innovation

PYMNTS

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.

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Retail Pulse: Toys R Us Returns With Small Retail Stores

PYMNTS

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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How Unattended Retail Sells Loyalty

PYMNTS

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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Virtual Reality Gains Traction In Retail

PYMNTS

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.

Retail 257

Retail Store Closures Pass 7,150

PYMNTS

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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Retailers Are Getting Smarter About Artificial Intelligence

PYMNTS

Artificial intelligence (AI) and machine learning (ML) are starting to play a bigger role in retail, foreshadowing what’s to come in the new decade of the 2020s. Retail artificial intelligence data Innovation machine learning News walmart

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How Unattended Retail Is Shaping Retail’s Future

PYMNTS

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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Connected Vehicles And The Future Of Retail

PYMNTS

The future of retail is playing out in multiple places, including the open road, while voice will help capture the connected commerce frontier. Today In Data Commerce connected commerce digital Innovation mobile new payments Retail Today in Data

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For Retailers, Getting Ready For Automation

PYMNTS

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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Digital-only bank partnerships reap benefits for retailers

Bank Innovation

Customer Experience Retail Banking SponsoredChallenger banks are on the rise for attracting modern consumers who seek banking alternatives that are convenient and more affordable.

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Trending: The New Face Of Kiosk Retail

PYMNTS

The August Automated Retail Tracker examines all the latest ways that supermarkets and other retailers are implementing technologies to provide more robust, high-speed services. Around the Automated Retail Wo rld.

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Cameras Help Fuel Retail Innovation

PYMNTS

When it comes to retail innovation — changes that promise to influence commerce not only this year, but in the 2020s — cameras could have a significant role. This data certainly isn’t nothing, but it pales in comparison to the data troves that digital retailers have.

Retail Vacancies Spike In New York City

PYMNTS

As New York City ’s vacancy rate has skyrocketed by nearly 50 percent, a report released by City Comptroller Scott Stringer showed that the amount of empty retail space in the city has doubled in the last 10 years or so. percent in 2017, up from 4 percent in 2007, according to Retail Dive.

Why Retailers Need Better Payments To Boost Mobile Retail App Appeal

PYMNTS

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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Retailing The Automated Way

PYMNTS

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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Holiday Retail Trends Start To Take Shape

PYMNTS

Now that summer is unofficially over comes the really interesting part of the year for retailers — the march toward the holiday shopping season. For starters, consider voice-assisted retail, and Google and Amazon.

Trends 223

Retail Sales Seesawing In 2019

PYMNTS

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.

Retail 217

Automated Retail Speeds Up Delivery And Checkout

PYMNTS

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.

Retail 260

Apparel, Embracing Digital, Drives Innovation In Retail

PYMNTS

Apparel used to be mostly a brick-and-mortar retail experience, but that has changed drastically over the last few years – and has been one of the main innovations when it comes to commerce related to the clothes we wear. Retail apparel brick and mortar clothing ecommerce Innovation News

Retail’s Voice-Assisted, Meatless Summer

PYMNTS

As PYMNTS prepares to BBQ and drink sangria and maybe even hum some union solidarity anthems in honor of this holiday weekend, we ask you to take a few moments to join us on a “greatest-hits tour” of this past summer of retail. One example was provided by retail chain Urban Outfitters.

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Where Do Humans Fit Into Automated Retail?

PYMNTS

The global retail automation market is expected to exceed more than $19.5 The latest Automated Retail Tracker looks at how automation fits into different retail categories and industries and explores whether automation means replacing the human touch.

Retail 238

Why Retailers Are Crowdsourcing Delivery

PYMNTS

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.

Retail 259

Online Retailers Face New Threats From Hackers

PYMNTS

Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. That’s hardly the only recent hack involving online retail activity, nor the only form of such criminality.

Retail 279

How Drive-Thrus Are Speeding Up Retail Innovation

PYMNTS

If so, you’ve been at the site of one of the hottest areas of retail innovation. Starbucks, whose use of mobile commerce technology is the source of envy and imitation in the quick-service restaurant (QSR) and even wider retail world, is also involved in this trend.

Retail 213

4 keys to a successful retail digital engagement strategy

Mobile Payments Today

As digital channel growth shows no sign of slowing down, it represents a significant revenue opportunity for brands, retailers and other consumer-facing businesses.

For Retail, High Growth In High-Tech?

PYMNTS

Today In Data Commerce Consumer Spending devices News payments Retail Technology Today in DataAhead of the holiday season , gadgets of all types are gaining traction in consumer spend.

Retail 151

Online Shopping Prompts Retailers To Leave Malls

PYMNTS

More retailers are leaving malls than ever before as online shopping soars and debt-ridden chains collapse. retailers so far in 2019, compared to the 5,524 store closures for all of 2018. As of early March 2019, there were 4,810 retail store closures announced.

Retail 232

Automated Retail’s ‘Fast And Frictionless’ Ambitions

PYMNTS

However, automated retail is shaded with nuance beyond the confines of science fiction and futurism. Now, they’re looking for retailers to replicate those online experiences in the physical environment.”. Unattended retail has, in some ways, set the stage for automated retail.

Retail 216

High Rent Costs Hurting Retailers

PYMNTS

Retailers are feeling the heat from high rent costs. According to a report in The Wall Street Journal , while commercial retail rents are down, rent costs still remain higher than prerecession levels in many prime shopping areas, including Manhattan, Los Angeles and Dallas.

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Can 5G Power Retail Drone Deliveries?

PYMNTS

UPS , too, is going down the drone path – one that Amazon pioneered for retail delivery uses – and is seeking a certification to operate commercial drone flights. We can expect more such retail trends to match up and combine forces for new innovation in the coming decade.

Retail 209

Digital And Delivery Innovation Drive Retail Sales For QSRs

PYMNTS

Retail Chipotle Mexican Grill Dunkin earnings News QSR Yum! Brands

Retail 220

Square is growing its platform into a one-stop shop for retailers

Bank Innovation

Square, which is best known for its physical and digital payment solutions, is building out its product ecosystem to manage nearly all of the operational needs of retailers.

Retail 189

Toys Spark Retail Changes As Holidays Approach

PYMNTS

The world of toys has changed and keeps on changing, and that means changes, too, for toy retail — changes that reflect some of the hottest trends in commerce. As that happens, other changes in toy retail are also taking place.

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Mastercard Launches UK Retailer Cashback Initiative

PYMNTS

This enhancement to retailer cashback isn’t a replacement for ATMs, but if we can add to the number of outlets where people can access cash, especially in areas without an ATM, it will be a valuable addition to the community for both consumers and local businesses.”.

Retail 193

Retail’s Staffing Stumbling Block

PYMNTS

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.

Retail 208

Retail, RFID And Real-Time Sales

PYMNTS

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.

Retail 250

Pet Retail And CBD Combine Innovative Forces

PYMNTS

Retail trends and innovation can come from unlikely places, and that seems to be the case now when it comes to pets and CBD, two hot areas of commerce that are intersecting. Not only that, but pet retail is gaining steam. Retail CBD News pet retail Square

Retail 202

Can Predictive Retail Really Take Off?

PYMNTS

Recent developments call for a fresh look at the progress being made, and what’s in store, possibly, for predictive ordering capabilities when it comes to retail. Predictive retail – or what is sometimes called anticipatory shipping – depends on fulfillment prowess , of course.

Retail 226

WHSmith To Acquire Marshall Retail Group

PYMNTS

WHSmith has revealed it will acquire Marshall Retail Group (MRG) in an effort to boost its presence in U.S. Rahul Aggarwal, a partner at Brentwood, said in a press release , “MRG has made impressive progress expanding its presence in the travel retail channel by introducing innovative and thoughtful concepts that resonate with travelers and landlords alike. Retail Acquisition M&A Marshall Retail Group MRG News travel What's Hot WHSmith

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Retail Poised To Embrace New Biometrics As Innovation Heats Up

PYMNTS

Can a person’s ear serve as one of the next frontiers of retail innovation? The process could be used, say, for situations involving mobile payments, which every year cover more retail situations. Amazon is not the first player that has made this attempt in the world of retail.

Virtual Reality: 5G Retailers’ Secret Sauce?

PYMNTS

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.

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