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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Retail’s Staffing Stumbling Block

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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.

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Retail, RFID And Real-Time Sales

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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.

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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: 5G Retailers’ Secret Sauce?

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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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Shopify Launches New Retail Hardware Collection

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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.

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Beyond Unattended Retail, There’s Unattended Payments

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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.

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How Retailers Are Gearing Up For Contactless Payments Via mPOS

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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.

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Why Brick-And-Mortar Merchants Are Tapping Into Unattended Retail

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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.

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Catering To Instant Gratification With Automated Retail

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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.

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Robots Tasked With Restocking Retailers’ Shelves

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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.,

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How AR/VR Tech Is Reshaping Retail

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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.

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Square Expands To Offer Retail Online Store, Improved POS App

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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.

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How Clothing Stores Are Driving Retail Innovation

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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.

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US Retail Sales Increase In January

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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

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When Loyalty Is Unattended Retail’s Key Feature

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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.

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Investors Predict Retail Slowdown In US

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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.

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Is This The End Times For Brick-And-Mortar Retail?

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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?

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Why Retailers Are Making mPOS Technology A Top Priority

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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.

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Can Real Estate Provide A Lifeline for Physical Retail?

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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.

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Physical Retail Isn’t Dead – The Physical Store Model Is

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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.

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Can Retailers Find Secondhand Success With Luxury (And Other) Items?

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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.

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For Retailers, Security Cameras Could Be Must-See CCTV

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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.

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NCR Buys StopLift To Prevent Retail Fraud

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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.

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Unattended Retail, Mobile Kiosk-Style

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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

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Retail Innovation Has Changed — Can SMBs Keep Up?

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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.

The VR Effect On Retail: Fad Or True Game-Changer?

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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.

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How Cannabidiol Products Are Infusing Luxury Retail

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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.

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UK Retailers Press For Commercial Card Interchange Fee Caps

PYMNTS

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.

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Gymboree Mulls Closing Half Its Retail Stores

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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.

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Major Retailers Boost Private-Label Sales

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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.

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Retail Puts On Its Own Show At Music Festivals

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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.

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Today In Data: Digital Retail Innovation

PYMNTS

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.

Retailers In Some States May Be Forced To Accept Cash

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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.

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How Smart Kiosks Are Solving Retail’s Last-Mile Problem

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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.

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What Black Friday Tells Us About The Future Of Retail

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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.

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Can Visual Search Help Retailers Find New Sales?

PYMNTS

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.

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Helping QSRs Avoid Physical Retail’s Fate

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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.

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Report: 91 Pct Of Retailers Aren’t PCI Compliant

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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.

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Amid YTD Rally, Retail Stocks Miss Out

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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.

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Why Health And Beauty Retailers Are Driving Digital Innovation

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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.

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Record Retail Spending Expected This Valentine’s Day

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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

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Grocers Consider Checkout Line-Free Future With Unattended Retail

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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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