Retail Numbers Underscore US Consumer/eCommerce Strength

PYMNTS

Commerce Department, retail sales were up for the third consecutive month as of December of last year, and buying was broad-based across several categories – with the exception of autos. In terms of headline numbers, retail sales overall were up 30 basis points. Three in a row.

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Uber Eyes Retail Delivery

PYMNTS

Uber CEO Dara Khosrowshahi said the ride-hailing company could potentially offer courier services for retail businesses in the future, according to a report by Reuters. Delivery Courier Dara Khosrowshahi delivery News Retail Uber What's Hot

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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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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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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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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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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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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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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.

Can Booze Help Build Better Retail Experiences?

PYMNTS

Some retailers might be taking that to heart in this new year as part of the larger and ongoing effort to breathe new life into brick-and-mortar retail — a struggle that has been around almost as long as “The Simpsons” has, in fact.

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Tencent To Bolster Smart Retail, International Investments

PYMNTS

After investing in over 800 firms, Chinese tech company Tencent Holdings said it would bolster its international investments and in industries like “smart retail.” Retail china Investments News Tencent Holdings What's Hot

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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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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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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.

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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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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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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.

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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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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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Retail Pulse: Luckin Taps Into Automated Retail; Little Caesars To Team With DoorDash

PYMNTS

Coffee retailers are tapping into digital technology that helps them grow their reach beyond their stores, especially in China, where competition has been brewing between Chinese coffee chain Luckin Coffee and Starbucks. The retailer’s stock had risen as high as 7 percent on Wednesday (Jan.

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USAT: Unattended Retail’s (Dawning) Age Of Self-Serve Ubiquity

PYMNTS

Evolution is the hallmark of everything that survives over a long period of time — and so it should come as no surprise that unattended retail has evolved, too, over more than a century since the first coin-operated vending machines made their debut in the late 1800s.

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How Grocery Retail Will Evolve In 2020

PYMNTS

As grocers test out different approaches to get products to shoppers in a more efficient manner, food retailers are betting big on small warehouses to shore up their growing delivery operations. Retail delivery grocery IGA News Supermarkets

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Innovative Sales Models And Technologies In Retail

PYMNTS

And in tech, virtual reality (VR) and augmented reality (AR) are starting to make more significant gains in the retail world. 1.8B: Amount that virtual reality will generate through retail and marketing in 2022.

Mastercard On Helping Retailers Strike The Right Innovation Balance

PYMNTS

And nowhere is that aphorism better illustrated over the last decade than with the statistic that more than 90 percent of all retail sales took place at brick and mortar stores. It gave retailers the illusion that digital was the retail cart driven by the physical store horse.

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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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.

Dec. Holiday Shopping Rush Boosted 2019 US Retail Sales

PYMNTS

With a late shopping rush around the holidays that ended a more moderate spending year, retail sales in the United States strengthened in December. Retail sales rose 0.5 The retail “control group” sales rose 0.5 Retail sales rose 3.6

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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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Weekly Wrap: Visa acquires Plaid and retailers embrace fintech

Bank Innovation

In this episode, editors discuss the following news developments: The overlap of retail with financial services, and reflections on the National Retail Federation annual conference in New York; Visa’s acquisition of Plaid and what it means […].

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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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Five Lessons In Retail Reinvention From 2019

PYMNTS

But before we shut the door on 2019, it bears taking a moment to note how much the world of retail has changed in the last year, a fitting capstone on a decade that has seen retail as the American consumer commonly knew it taken to the ground and rebuilt nearly from the foundations.

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Central Retail Group Eyes $2.7B IPO

PYMNTS

In what would be Thailand’s biggest initial public offering (IPO), Central Retail Corporation, the country’s largest retailer, is looking to raise up to 81.1 Central Retail, which is part of the billionaire Chirativat family’s Central Group, will sell up to 22.1

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Retailers Increasingly Turn To AI For Security And Efficiency

PYMNTS

Artificial intelligence (AI) is moving from cool concept toward everyday consumer reality, and signs of that innovation are increasingly appearing in the retail space. Take the issue of retail security as one example. Retail Trust and AI.

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The Revivals Of Malls And Unattended Retail

PYMNTS

And in unattended retail, Stockwell ’s new name sparked a turnaround for the firm. percent: The rate by which overall retail sales increased from Nov. Today In Data Commerce News payments shopping malls Today in Data Unattended Retail Vending Machines

Retail’s 2020 Digital-First Payments Roadmap

PYMNTS

In the webinar, case studies will show how merchants can differentiate themselves by successfully bridging digital and physical retail settings.

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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.

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Retail Sales Plunge In Hong Kong

PYMNTS

With visitor arrivals to Hong Kong dramatically falling, the financial center’s retail sales registered a double-digit drop in November. Retail sales by value retreated 23.6 Retail Asia china Hong Kong News What's Hot

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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.

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Trust And Speed Light A New Path To Omnichannel Retail

PYMNTS

For retailers, nothing really ever comes easy — and things aren’t getting any easier, at least when it involves gaining and retaining customers. And what they want and expect are what’s going to drive so much of retail and payments in the coming years and decades.

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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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Small business mobile banking adoption higher than retail

Bank Innovation

Power study reports that mobile banking adoption for small business owners has surpassed adoption for retail banking customers. Carousel Corporate Banking Customer Experience Premium Retail Banking Capital One Huntington JD Power JPMorgan Chase td bankWhile U.S.

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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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Super Saturday Pulls In Record-Breaking $34.4B In Retail Sales

PYMNTS

21, the last Saturday shopping day before Christmas 2019, has been confirmed as the single biggest retail sales day in U.S. According to retail research firm Customer Growth Partners, consumers on Super Saturday spent a total of $34.4 Exceeding forecasts , Dec.

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