Accenture

JANUARY 15, 2021

Retail, wholesale and international payments using CBDC would expand choices, enabling more diversified payment systems and greater autonomy for the central bank. CBDC for retail payments CBDC can serve as a settlement medium for digital transactions online….

Payments 392

Payments Retail Online System 392

Accenture

OCTOBER 25, 2022

In that spirit, I’m turning my blog over to my colleague Steven Smith for this post on the once-in-a-generation opportunity emerging in retail banking right now. The post Why retail banking presents rare opportunities right now appeared first on Accenture Banking Blog. Steve is a managing director at Accenture and our….

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Retail Management Customer Experience Innovation 222

PYMNTS

JANUARY 18, 2021

Every year for the last 110 years , members of the retail trade group, known as the National Retail Federation (NRF), have assembled to discuss the slate of issues pertinent to its members. COVID-19, of course, didn’t cause physical retail’s steep decline — it just accelerated it. Retail is now about logistics and the last mile.

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Retail Online Maine Branding 309

Accenture

OCTOBER 4, 2021

Credit Product Penetration of Retail Sales Shopping experience refresh “We are excited to pilot a virtual store staffed by dedicated associates … but with no physical customers. The post Q2 2021 US retailer payments commentary appeared first on Accenture Banking Blog.

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Retail Payments US Marketing 222

Payments Dive

JULY 8, 2022

Retailers Pacsun and American Eagle Outfitters have similar target audiences but are approaching the rising popularity of digital currency differently.

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Retail cryptocurrency Payments 221

Payments Dive

FEBRUARY 15, 2023

Banks requested a delay in implementing a debit routing rule, but a retail and merchant trade group argued it’s high time the card issuers comply.

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Retail Cards Groups 195

Payments Dive

FEBRUARY 7, 2020

Self-service technology allows retailers to meet customer expectations established by the pioneering tech efforts of brand's, like Starbucks. These installations take diverse forms, a CES panel demonstrated.

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Retail Payments Branding Meeting 485

Payments Dive

APRIL 19, 2022

There are other factors for retailers to consider when determining whether the checkout experience is convenient for the customer. The speed of one-click checkout isn't the answer to every cart abandonment problem, says one payments tech executive.

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Retail Payments 300

PYMNTS

AUGUST 7, 2020

If this becomes a tsunami of retailers rejecting their leases, it’s going to trigger another part of the sea change — the mortgages held by the landlords.”. Sometimes bankruptcy is the most advantageous way to get out of those leases,” he said, noting that some large retailers answer to hundreds of different landlords.

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Retail Payments Groups Report 354

PYMNTS

JANUARY 20, 2021

In today’s top retail news, Birkenstock is said to be in discussions for a sale to CVC Capital Partners, while Cognira has released its AI Promotion Solution. Cognira Rolls Out AI Promotion Suite For Retailers. Cognira, the retail artificial intelligence technology firm, has launched its AI Promotion Solution.

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Retail Google Capital Branding 239

Perficient

JUNE 17, 2020

Before the COVID-19 pandemic, retailers were already seeing enthusiasm from customers for more convenient ways to interact during the purchasing process. While some retailers have offered limited order pickup options for some time, this was often limited to certain verticals or a small sub-set of products. The Challenges.

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Retail Strategy System Management 313

PYMNTS

DECEMBER 24, 2020

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. They and others have succeeded because they entered the market independent of traditional retail, and because their business model fit the needs of the pandemic.

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PYMNTS

APRIL 28, 2020

Reinventing retail in the wake of COVID-19 may mean reinventing retail formats. It’s also likely that retailers will see more men in-store than women, and they should consider adjusting inventory to target these shoppers.”. Inventory adjustments will only be part of the post-COVID retail order.

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Retail Survey Regulation Payments 272

PYMNTS

JANUARY 8, 2021

Retail rents have plummeted to historic lows in New York City amid the COVID-19 pandemic, as bankruptcies and vacancies penetrated the area, CNBC reported on Friday (Jan. Further, the biannual report released by the Real Estate Board of New York (REBNY), found that retail rents in Manhattan declined across all 17 corridors it tracks. .

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Retail New York City New York Report 249

Payments Dive

NOVEMBER 9, 2020

This e-learning series is designed to help traditional transaction-focused banks effectively harnesses the power of transformation to build an ideal customer experience for their retail network.

Customer Experience 365

Customer Experience Retail 365

Payments Dive

FEBRUARY 4, 2020

In an interview with Retail Customer Experience, Elastic Path Chief Strategy Officer Darin Archer details the importance of deploying flexible e-commerce systems.

Retail 434

Retail Meeting Customer Experience Strategy 434

PYMNTS

DECEMBER 28, 2020

Discount supermarket retailer Save A Lot unveiled the sale of 51 retail locations run by the company in the Tampa, Florida market to existing Save A Lot Retail Partner licensee Fresh Encounter. The latter company will keep running the retail locations with the Save A Lot name, according to a Monday (Dec.

Retail 265

Retail Tampa Florida Community 265

PYMNTS

NOVEMBER 5, 2020

From where things stand in Q4 2020 it’s not hard to imagine physical retail going extinct. Noting the ways COVID has permanently changed retailing, CNBC recently reported , “As more and more stores go dark at the mall, some major retail executives are looking to grow outside of it — a tactic they hadn’t touted so publicly before.

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Retail Millennials Payments Cards 252

PYMNTS

NOVEMBER 16, 2020

Some retailers are just excellent about telling stories about themselves and about the products that they're selling,” Taylor told PYMNTS. The reason retailers find it easy to use, and the company’s unique value proposition, is that it builds and optimizes online storefronts in a no-code environment.

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Retail Regional Mobile Branding 226

PYMNTS

NOVEMBER 22, 2020

Despite a recent surge in coronavirus cases, retailers are fighting for a rework and loosening of shopping restrictions before Black Friday and the holiday season. Retailers that sell essential items alongside their other products have been labelled “essential,” giving them an unfair advantage over other stores, some allege.

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Retail Report Online Meeting 270

PYMNTS

APRIL 21, 2020

The retail bankruptcy watch intensified Tuesday (April 21) as the department store sector was hit by reports of yet another major player looking at that option. Lord & Taylor, now joining Neiman Marcus, is considering a bankruptcy filing as the COVID-19 lockdown continues to decimate non-essential retail. billion in sales.

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Retail Dallas Payments Lending 220

PYMNTS

JANUARY 11, 2021

retail rents falling in many locales by percentages even greater than those seen in or after the 2007-08 Great Recession. These decreases are historic,” the Real Estate Board of New York wrote in a new report showing that average Manhattan retail asking rents fell in all of the island’s 17 retail corridors during autumn.

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Los Angeles Retail San Diego San Francisco 207

PYMNTS

OCTOBER 9, 2020

As the CEO of social impact commerce platform ShoppingGives , he said he has seen retailers , consumers and non-profits step up at a critical time in everyone’s lives, and he has been able to apply technology and a keen awareness of the business side of philanthropy to build a unique marketplace. million charities.

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Retail Regulation Technology Examples 230

PYMNTS

NOVEMBER 9, 2020

“We are essentially taking glass doors that were probably underutilized and not asking the retailer for any additional physical space.”. From a business standpoint, we believe that things like sales lift are obviously a really important metric,” Dravenstott said, “and you don't hear that much in brick and mortar retail.

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Retail Innovation Capital Chicago 277

PYMNTS

JANUARY 15, 2021

In retail technology, Toshiba Global Commerce Solutions ’ new Elera system aims to supplant in-store IT systems with a new cloud-enabled technology. And in digital innovation, mobile payments are bridging the cash and digital divide in Pakistan.

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Payments Retail Innovation Technology 275

Independent Banker

OCTOBER 31, 2022

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that.

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Banking Trends Retail Trends Community Bank 151

PYMNTS

SEPTEMBER 4, 2020

But in other ways, it was business as usual, as the two biggest retailers in the world – Walmart and Amazon – posted stellar earnings numbers and competed in more muted ways for the U.S. percent of total consumer spending in Q2 (spanning all categories, including retail) and 9 percent of total retail spending. That’s up from 9.6

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Retail Seattle Online Exercises 249

PYMNTS

NOVEMBER 10, 2020

The David’s Bridal application was built by Vertebrae , a tech company that specializes in bringing real-world applications to retailing. Vince Cacace , CEO of Vertebrae, told PYMNTS that AR in 3D has become a high-demand technology for all kinds of products and retailers. “We How does it work on me? How does it work in my space?

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Retail Technology Mobile Training 261

PYMNTS

MARCH 13, 2020

After it was forced to shutter its retail locations in China because of the spread of COVID-19, Apple Inc. The tech firm has also begun to make additional space in its retail locations and calling off some of its classes to stop the virus from spreading. has reportedly put all of them back into operation.

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Apple Retail Operations Maine 265

PYMNTS

SEPTEMBER 29, 2020

Brick-and-mortar retailers felt the pain at exaggerated levels due to the pandemic, according to the bi-annual BDO Bankruptcy Update. Among retailers not in bankruptcy, there were 4,228 store closures, including Inditex with 1,000 closures and Starbucks with 400, the report stated.

Retail 268

Retail Report Groups Industry 268

PYMNTS

SEPTEMBER 24, 2020

retail sales grew in September at their fastest rate in 18 months, Yahoo! The CBI surveys 123 companies, including 56 retailers. that “the data highlights that there have been clear winners and losers within the retail sector as spending habits have changed.” Retail employment in the U.K. As the U.K.’s As a result, U.K.

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Retail Survey Industry Report 254

PYMNTS

AUGUST 31, 2020

There’s a storm brewing in the Indian retail scene, with Amazon at its center. Over the weekend, Reliance Industries – the company owned by India’s richest man, Mukesh Ambani – purchased Future Group ’s 2,000 retail stores and the Big Bazaar grocery chain. Whole Foods has 497 stores. billion consumers. “At

Retail 263

Retail Online Groups Industry 263

PYMNTS

JANUARY 20, 2021

Google Cloud is rolling out Product Discovery Solutions for Retail, a new suite of services that will use artificial intelligence (AI) and machine learning (ML) to help eCommerce firms deliver personalized consumer experiences during a shopping journey’s initial phase. "As Vision API Product Search.

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Retail Google social media Online 208

PYMNTS

AUGUST 10, 2020

For physical retail, the pandemic was simply the force that accelerated a decline that had started in 2014 — one that inertia had masked for all of the years up until now. This data came on the heels of a holiday shopping season that was strong, but weaker than retail analysts had expected. A Long Time Ago … In January 2020.

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Retail US Innovation Report 291

PYMNTS

APRIL 13, 2020

Prepare for a big week of retail data, all of it unprecedented in light of the COVID-19 pandemic. Starting with the Commerce Department retail sales data on Wednesday, retailers will get a sense of how much consumers are spending and the retailers they are spending with. For retailers, there are no surprises from March.

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Retail Data Capital New York 216