How Cannabidiol Products Are Infusing Luxury Retail

PYMNTS

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.

Retail 207

Robots Tasked With Restocking Retailers’ Shelves

PYMNTS

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.,

Retail 222

How AR/VR Tech Is Reshaping Retail

PYMNTS

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.

Retail 250

Retailers In Some States May Be Forced To Accept Cash

PYMNTS

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.

Retail 197

How Clothing Stores Are Driving Retail Innovation

PYMNTS

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.

Retail 234

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

PYMNTS

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.

Retail 265

Can Healthcare Services Revitalize Retail For CVS?

PYMNTS

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.

Retail 184

Why Health And Beauty Retailers Are Driving Digital Innovation

PYMNTS

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.

Retail 239

Record Retail Spending Expected This Valentine’s Day

PYMNTS

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

Retail 222

Unattended Retail, Mobile Kiosk-Style

PYMNTS

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

Retail 184

Payment And Retail Integration Flows From Many Digital Fronts

PYMNTS

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.

Retail 211

NCR Buys StopLift To Prevent Retail Fraud

PYMNTS

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.

Fraud 204

Apple’s Retail Head Ahrendts Steps Down

PYMNTS

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.”.

Apple 169

Retail Innovation Has Changed — Can SMBs Keep Up?

PYMNTS

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.

Gymboree Mulls Closing Half Its Retail Stores

PYMNTS

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.

Retail 235

Azazie Disrupts Bridal Retail With Crowdsourced Designs

PYMNTS

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.

Retail 191

China To Displace US As Leading Retail Market

PYMNTS

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.

Retail 227

Helping QSRs Avoid Physical Retail’s Fate

PYMNTS

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.

Retail 263

Amid YTD Rally, Retail Stocks Miss Out

PYMNTS

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.

Retail 200

What Black Friday Tells Us About The Future Of Retail

PYMNTS

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.

Retail 279

Mystore-E And An AI Assistant For Physical Retail

PYMNTS

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).

Retail 196

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.

Retail Sales Fell 1.2 Pct In December To $505.8B

PYMNTS

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

Retail 169

Apple Pay Gets Support From Target, Taco Bell, Other Retailers

PYMNTS

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

Apple 237

Report: 91 Pct Of Retailers Aren’t PCI Compliant

PYMNTS

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.

Retail 270

Furniture Retailer Article Launches ADT Delivery Program

PYMNTS

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

Retail 171

Savvy Online Retailers Add Connected Consumer-Friendly Payment Options

PYMNTS

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.

Retail 201

Retailers Eye Industry-Shaking Innovation With Accelerators

PYMNTS

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?

Major Retailers Brace For Gift Card Fraud

PYMNTS

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.

Fraud 211

Grocers Consider Checkout Line-Free Future With Unattended Retail

PYMNTS

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.

Retail 235

JD.com, Intel Create Joint Digitized Retail Lab

PYMNTS

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.

Retail 187

The Battle for Pet Retail Supremacy Heats Up

PYMNTS

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.

Retail 149

Strategizing Cross-Channel Shopping Features Through Retail’s Lens

PYMNTS

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.

Retail 206

Retailers Reconsider Big Moves Amid Economic Uncertainty

PYMNTS

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.

Retail 171

The Compliance Beast Of Food Retail Supply Chains

PYMNTS

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.

Overstock To Sell Retail Biz, Focus On Blockchain

PYMNTS

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.

Retail 279

NRF: Inventory Shrink Has $46.8M Impact On Retailers

PYMNTS

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.

Retail 184

Malls Embrace Modular Retail Tenants

PYMNTS

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.

Retail 158

Retail Pulse: Glossier Goes Experiential In NYC; Holiday Retail Sales May Top $1 Trillion

PYMNTS

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.

Retail 204

The Retail Holiday Hiring Headache

PYMNTS

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.

Retail 158

NRF Expects Retail Sales To Reach $3.8T In 2019

PYMNTS

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

Retail 171

UK Retailers’ Holiday Sales Have Worst Performance In A Decade

PYMNTS

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.

Retail 199

Post-Toys R Us, Retailers Vie For Experiential Toy Shoppers

PYMNTS

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.

Retail 211