Retailers See An eCommerce Boom

PYMNTS

A number of retailers have recently seen a surge in eCommerce sales. Now, it’s easier in some ways to be a late mover,” in retailing online, Sucharita Kodali, a retail analyst at Forrester Research, said in an interview, according to CNBC.

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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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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 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.

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Retailers Find New Innovation Fuel Against Amazon

PYMNTS

No, that doesn’t mean that PYMNTS takes sides in the struggle for retail supremacy, but only that we like to note when someone or some organization mounts a challenge to the eCommerce and logistical behemoth. High-End Retail. The battle for Amazon retail supremacy also involves pets.

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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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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.

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Retail Waste Backlash Provides eCommerce Opportunity

PYMNTS

By 2023, manufacturers and retailers will have to donate, reuse or recycle the goods” under a program that the French prime minister called the first of its kind from any national government. eCommerce Amazon ecommerce liquidation News overstock ReCommerce Retail waste

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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.

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Forrester finds financial companies top retailers in customer experience

Bank Innovation

For the second consecutive year, Navy Federal Credit Union and USAA topped Forrester’s Customer Experience Index across industries, ahead of retailers like Lexus, QVC, Zappos and Amazon.

Why Retail Banking Needs a Reputation Rehab

PYMNTS

However, in the 2019 Retail Banking Report, a study by Reputation.com that analyzed online data relating to retail banking locations for 23 major U.S. At a high level, retail banking didn’t score as well as other industries with a 341, 174 points lower than retail’s 515.

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Goldman is quickly expanding its digital retail bank Marcus

Bank Innovation

Marcus by Goldman Sachs, Goldman's digital-only retail bank, is quickly becoming a full-service financial platform -- a threat to both challenger banks and traditional incumbent players. Daily Post 1 Daily Post 3 Exclusive Premium Retail Banking banking challenger banks Goldman Sachs Marcus

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How A Retail Incubator Could Produce The Next Big Innovation

PYMNTS

One example in retail and payments is tech incubators — specifically, those run by specific companies and brands, a trend that shows signs of growing even more in the 2020s (which, let us remind you, are only a few months away).

Restaurants, retailers rethink cashless as financial inclusion takes center stage

Mobile Payments Today

Retailers and restaurants are reconsidering their payment policies as cities and states continue to push for legislation that would require merchants to accept cash

Retail 250

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.

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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

San Francisco Board of Supervisors passes ban on cashless retail

Mobile Payments Today

San Francisco became the latest municipality to ban cashless retail as vulnerable populations demand equal access to shopping and dining service

Beyond Registers — What’s Next For Retail Store Payments?

PYMNTS

Is the store register on its way out in favor of other retail and payments innovation? In case you didn’t hear, Target faced a register outage that lasted for about 90 minutes on Sunday (June 16), which meant the retail chain couldn’t process cards or other forms of payment.

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Retail’s Fizzling Store Count

PYMNTS

Perhaps at this point it might be better to ask which retailers, if any, are not shuttering stores. For now, as tariffs go, so will retail — and the clouds are still gathering. The data came this week from Coresight Research that store closures across the U.S.

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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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Retail Sales Grew 0.5 Pct In May

PYMNTS

With results that implied a pickup in consumer spending, retail sales in the U.S. Retail sales increased by 0.5 April’s data was also revised to indicate that retail sales were gaining 0.3 percent for retail sales in May. Retail sales advanced 0.5

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Online Retail Pumps New Fuel Into Warehouse Growth

PYMNTS

Online retail has had a tremendous impact on logistics, further evidence of which emerged on Monday (June 3). and other retailers to fulfill orders from online shoppers.” eCommerce Amazon delivery ecommerce Editors' Picks fulfillment logistics News Retail robotics Shipping warehouses

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RFID Steps Up As A Retail Innovation Tool

PYMNTS

Radio-frequency identification (RFID) technology is carrying more weight in retail these days, helping merchants to innovate and win over consumers, and even serving to tie together web, mobile and in-store experiences as part of the focus on omnichannel commerce.

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Retailers Look To Augmented Reality To Lure Local Shoppers

PYMNTS

Retail is getting more visual, and that stands to be the case for locally-focused merchants as they compete for attention and consumer dollars with the likes of Amazon and Walmart. Indeed, augmented reality is among the tools that local retailers look ready to adopt for further use.

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Beyond Unattended Retail, There’s Unattended Payments

PYMNTS

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 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 274

Mobile Payments 101: Retail

Mobile Payments Today

The world of mobile payments has changed significantly over the past decade – and particularly over the past few years as smartphones and other mobile devices have become ubiquitous. In this report, we will review some of the main themes and trends in the mobile payments market

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Luxury Retailers Find Growing Opportunities In China

PYMNTS

Look to China, and look some more — that’s one of the main messages in mid-2019 for luxury retailers, at least for ones not based in the U.S. Luxury retail is a hot space in China. Retail china ecommerce Editors' Picks Farfetch Louis Vuitton Luxury News trade war

Retail 178

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.,

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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.

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

PYMNTS

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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Retailers Give Fresh Focus to Single Consumers

PYMNTS

Single consumers are a force of nature as well when it comes to retail. Single people, often neglected by many retailers – at least based on complaints and stereotypes found online – seem to be getting fresh attention in this era of online and mobile shopping, and shopping clubs.

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Alibaba, JD.com To Offer Consumer Shopping Data To Retailers

PYMNTS

Through an Alibaba Group Holding Ltd program that offers years of shopping history for consumers, Bestore Co Ltd intends to connect technology for facial recognition with the online retailer’s account data.

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Looking Toward Unattended Retail’s ‘Bright Future’ At The Kiosk

PYMNTS

Kiosks are increasingly becoming part of the retail landscape. Byrne said the kiosk business is in the process of evolving from what he termed “the old world of soda cans and snacks … and is now becoming an integral part of a seamless omnichannel retail experience for consumers.”.

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Catering To Instant Gratification With Automated Retail

PYMNTS

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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Retailers Make Bigger Moves Into Experiential Digital Advertising

PYMNTS

It’s not enough to just be a retailer these days, it seems. The retail chain reportedly has been in discussions with Triad Retail Media , the retail advertiser owned by WPP PLC, to acquire it. Retail Amazon ecommerce Editors' Picks Google News online advertising Targe

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Merging ACH startups pitch cost, convenience to retailers

Bank Innovation

convAs retailers look to cut transactional costs, one startup is trying to solve that problem with direct payments from customers' bank accounts. PayWithMyBank is working with retailers to help them accept ACH payments from customers.

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Square Expands To Offer Retail Online Store, Improved POS App

PYMNTS

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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Digital payments and the retailer

Mobile Payments Today

Some retail outlets are experimenting with moving to digital payment-only operations. As non-cash payments become the norm, some retailers, particularly in hospitality, no longer accept cash. While there are downsides to managing cash, what are the pitfalls of refusing to deal with it

Retail 173

How Unattended Retail Is Getting Smarter

PYMNTS

According to Will Byrne, CEO of Worldnet Payments , the kiosks and smart shelves that are gaining traction across any number of commerce and retail settings may even shift the employment picture a bit. Along the way, retailers are leveraging, and will continue to leverage, the latest payments technology developments to maximize revenue, while maintaining security of the transactions themselves. The Changing Retail Footprint.

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How Retailers Are Gearing Up For Contactless Payments Via mPOS

PYMNTS

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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Making The Case For Cash In Unattended Retail

PYMNTS

households, retailers that enable digital payments while dropping cash are less than convenient. The latest Unattended Retail Tracker examines these and other ways that self-serve models are changing and expanding around the globe. A round the Unattended Retail World.

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Beer Makers Cozy Up To Legal Retail Cannabis

PYMNTS

That, in turn, reportedly provides another opportunity for the emerging and growing legal cannabis retail sector. Yet the growth of the legal cannabis retail industry demonstrates that many consumers will, or might soon, shift their intoxication methods.

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