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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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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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.

Retail 250

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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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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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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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.

Retail 228

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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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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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.

Retail 263

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 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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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.

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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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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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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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

Retail 229

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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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 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.

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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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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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.

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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

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

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.

Retail 170

Digital And Delivery Innovation Drive Retail Sales For QSRs

PYMNTS

Retail Chipotle Mexican Grill Dunkin earnings News QSR Yum! Brands

Retail 220

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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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

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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British Retailers Experience Strong Black Friday

PYMNTS

Retailers in the U.K. Springboard, a retail data company, noted that footfall was 3.3 And the figures could also “fuel a determination among retailers to keep Black Friday as a key retail event in the run-up to Christmas” per the news outlet.

Retail 130

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 236

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

Taking On Sharing Economy Trust, Luxury Retail Evolution With Innovation

PYMNTS

And in retail, luxury and upscale commerce is undergoing significant changes as holiday shopping kicks off and a new decade nears. Today In Data Commerce data Fraud Prevention Innovation luxury retail News payments Retail sharing economy Today in Data trust

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 245

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

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

Retail 240

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

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.

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