INDUSTRY INSIGHTS YOUR PEERS ARE READING
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. MORE
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 MORE
This enhancement to retailer cashback isn’t a replacement for ATMs, but if we can add to the number of outlets where people can access cash, especially in areas without an ATM, it will be a valuable addition to the community for both consumers and local businesses.”. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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 MORE
Customer Experience Retail Banking SponsoredChallenger banks are on the rise for attracting modern consumers who seek banking alternatives that are convenient and more affordable. MORE
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. MORE
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. MORE
If so, you’ve been at the site of one of the hottest areas of retail innovation. Starbucks, whose use of mobile commerce technology is the source of envy and imitation in the quick-service restaurant (QSR) and even wider retail world, is also involved in this trend. MORE
As digital channel growth shows no sign of slowing down, it represents a significant revenue opportunity for brands, retailers and other consumer-facing businesses. MORE
Today In Data Commerce Consumer Spending devices News payments Retail Technology Today in DataAhead of the holiday season , gadgets of all types are gaining traction in consumer spend. MORE
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 MORE
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. MORE
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. MORE
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 MORE
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. MORE
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. MORE
WHSmith has revealed it will acquire Marshall Retail Group (MRG) in an effort to boost its presence in U.S. Rahul Aggarwal, a partner at Brentwood, said in a press release , “MRG has made impressive progress expanding its presence in the travel retail channel by introducing innovative and thoughtful concepts that resonate with travelers and landlords alike. Retail Acquisition M&A Marshall Retail Group MRG News travel What's Hot WHSmith MORE
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. MORE
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 MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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? MORE
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. MORE
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. MORE
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. MORE
The world of toys has changed and keeps on changing, and that means changes, too, for toy retail — changes that reflect some of the hottest trends in commerce. As that happens, other changes in toy retail are also taking place. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
Can a person’s ear serve as one of the next frontiers of retail innovation? The process could be used, say, for situations involving mobile payments, which every year cover more retail situations. Amazon is not the first player that has made this attempt in the world of retail. MORE
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. MORE
Retail Chipotle Mexican Grill Dunkin earnings News QSR Yum! Brands MORE
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. MORE
Retail Related Topics PYMNTS
SEPTEMBER 6, 2019
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
PYMNTS
JULY 3, 2019
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.
PYMNTS
AUGUST 26, 2019
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.
PYMNTS
JULY 19, 2019
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.
PYMNTS
APRIL 16, 2019
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.
PYMNTS
SEPTEMBER 11, 2019
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.
PYMNTS
MAY 29, 2019
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.
PYMNTS
SEPTEMBER 10, 2019
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
PYMNTS
MAY 8, 2019
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.
PYMNTS
SEPTEMBER 18, 2019
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
PYMNTS
AUGUST 9, 2019
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.
Bank Innovation
OCTOBER 15, 2019
Customer Experience Retail Banking SponsoredChallenger banks are on the rise for attracting modern consumers who seek banking alternatives that are convenient and more affordable.
PYMNTS
AUGUST 26, 2019
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.
PYMNTS
AUGUST 27, 2019
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.
PYMNTS
SEPTEMBER 27, 2019
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.
PYMNTS
AUGUST 6, 2019
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?
PYMNTS
JUNE 27, 2019
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.
PYMNTS
SEPTEMBER 3, 2019
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.
PYMNTS
MAY 15, 2019
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.
PYMNTS
JULY 9, 2019
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.
PYMNTS
SEPTEMBER 19, 2019
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
PYMNTS
SEPTEMBER 2, 2019
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.
PYMNTS
JULY 29, 2019
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.
PYMNTS
MARCH 1, 2019
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.
PYMNTS
MAY 16, 2019
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.
PYMNTS
OCTOBER 14, 2019
If so, you’ve been at the site of one of the hottest areas of retail innovation. Starbucks, whose use of mobile commerce technology is the source of envy and imitation in the quick-service restaurant (QSR) and even wider retail world, is also involved in this trend.
Mobile Payments Today
OCTOBER 15, 2019
As digital channel growth shows no sign of slowing down, it represents a significant revenue opportunity for brands, retailers and other consumer-facing businesses.
PYMNTS
OCTOBER 14, 2019
Today In Data Commerce Consumer Spending devices News payments Retail Technology Today in DataAhead of the holiday season , gadgets of all types are gaining traction in consumer spend.
PYMNTS
JULY 22, 2019
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.
PYMNTS
JUNE 25, 2019
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.
PYMNTS
JULY 22, 2019
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.
PYMNTS
SEPTEMBER 11, 2019
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.
PYMNTS
AUGUST 2, 2019
Retail Chipotle Mexican Grill Dunkin earnings News QSR Yum! Brands
Bank Innovation
SEPTEMBER 4, 2019
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.
PYMNTS
SEPTEMBER 30, 2019
The world of toys has changed and keeps on changing, and that means changes, too, for toy retail — changes that reflect some of the hottest trends in commerce. As that happens, other changes in toy retail are also taking place.
PYMNTS
SEPTEMBER 12, 2019
This enhancement to retailer cashback isn’t a replacement for ATMs, but if we can add to the number of outlets where people can access cash, especially in areas without an ATM, it will be a valuable addition to the community for both consumers and local businesses.”.
PYMNTS
APRIL 8, 2019
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.
PYMNTS
APRIL 5, 2019
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.
PYMNTS
JULY 22, 2019
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
PYMNTS
JUNE 4, 2019
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.
PYMNTS
OCTOBER 18, 2019
WHSmith has revealed it will acquire Marshall Retail Group (MRG) in an effort to boost its presence in U.S. Rahul Aggarwal, a partner at Brentwood, said in a press release , “MRG has made impressive progress expanding its presence in the travel retail channel by introducing innovative and thoughtful concepts that resonate with travelers and landlords alike. Retail Acquisition M&A Marshall Retail Group MRG News travel What's Hot WHSmith
PYMNTS
SEPTEMBER 25, 2019
Can a person’s ear serve as one of the next frontiers of retail innovation? The process could be used, say, for situations involving mobile payments, which every year cover more retail situations. Amazon is not the first player that has made this attempt in the world of retail.
PYMNTS
APRIL 4, 2019
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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