The Retail and Tech Firms That Could Upend Mainstream Banking

Payments Source

Fintech Retailers Digital payments Gig economy

Retail 160

Should retail banks be retailers?

Chris Skinner

Admittedly, he says it’s partly inspired by my blog of last year about challenger banks, but his write-up takes it further and has a swipe at the whole bank culture … The post Should retail banks be retailers?

Retail 416
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Today In Retail: Walmart Earnings Up, Retail Sales Down And Retailers Face More Supply Chain Issues

PYMNTS

In today’s top retail news, Walmart’s omnichannel strategy helped it ward off decelerating eCommerce sales and Delta variant concerns in the second quarter, while rising COVID-19 case counts and a surge in mask mandates caused July retail sales to slump.

Retail 207

Retail Shopping And Homestead Tweaking

PYMNTS

Today In Data Commerce Consumer Spending News payments Retail Today in DataShopify’s Shop Pay Installments blasts out of the gate with a vengeance. Plus, homeowners shift to cosmetic improvements and Barbie and Hot Wheels fuel Mattel’s growth.

Retail 208

The Empowered Consumer

When it comes to working with the empowered consumer, AI has the power to help your business thrive by leveraging your own data to better understand your customers. Read our ebook, The Empowered Consumer, to learn more about how AI can help you connect with your customers.

Hackers using text messaging to target retailers

Payments Source

Retailers Cyber security

Retail 130

Today in Retail: Mastercard Projects Good Tidings for Retailers this Holiday; Amazon Overshadows Sporting Goods Competitors

PYMNTS

In today’s top retail news, Mastercard is predicting retail sales during the holiday shopping season will increase by over 7% year over year, while Amazon remains the leader when it comes to sporting goods, hobby, music and book sales. Retail Growth During Holiday Shopping Season.

Retail 200

Car Retailer Cazoo Acquires SMH Fleet Solutions 

PYMNTS

based online car retailer Cazoo on Wednesday (Sept. Partnerships / Acquisitions acquisitions automotive Cazoo international News Retail SMH What's Hot

Retail 188

Retailers Lean on Employees to Do More Amid Labor Shortage

PYMNTS

Amid a national hiring crunch that’s hitting nearly every industry, retailers have been pulling out all the stops to attract workers, but some are also coming to terms with the fact that it’s time to make do with what they’ve got. Retail Growth During Holiday Shopping Season.

Retail 173

Child Tax Credit Boosts July US Retail Sales, Mastercard Reports

PYMNTS

retail sales in July increased by 10.9 Combined with greater savings and higher demand, the Child Tax Credit has provided a boost for families and is putting more money into retailers’ pockets.”. In June, retail sales increased 10.4

Taxes 286

Innovative Approaches To Retail And Global Commerce

PYMNTS

In retail rewards, David’s Bridal has seen a sizable number of shoppers enroll in its loyalty program. Today In Data Commerce Innovation News payments Retail Today in Data

Singapore Retailers Hurt By New COVID Restrictions

PYMNTS

As CNBC reported, the new measures include a jobs support plan for sectors including dining, retail, entertainment and gyms, as well as help for retailers to get onto local online retail platforms. It’s not just retailers that are feeling a pinch due to the pandemic.

Retail 219

CarLotz Opens Georgia Consignment-to-Retail Hub

PYMNTS

Consignment-to-retail used vehicle marketplace CarLotz has opened a new location in the greater Atlanta area, giving the company locations in 11 states across the nation and strengthening its footprint in the southeastern U.S. Retail automotive CarLotz News What's Hot

Shogun Brings Big Retail Tech To Digital-First Retailers

PYMNTS

Some retailers are just excellent about telling stories about themselves and about the products that they're selling,” Taylor told PYMNTS. Both have been key developments to helping retailers participate in the digital-first economy. Don’t read too much into the name.

Retail 257

Today In Retail: Amazon's Big Plans For Big Stores; Home Improvement Retailers Compete For Contractors' Wallets

PYMNTS

In today’s top retail news, Amazon is reportedly planning to open department store-style retail locations in the coming years, while Lowe’s, Home Depot and other home improvement stores see an increase in professional traffic as consumers dig into bigger home projects.

Retail 208

Innovative Approaches To Retail And Dining 

PYMNTS

Walgreens has been doubling down on reinventing its membership programs and making its pharmacy/retail offerings more personal for shoppers. In technology, retailers are turning to artificial intelligence (AI) to cope with inflation.

Emerging Developments In Retail And BNPL

PYMNTS

In rural retail, Tractor Supply Co. automotive retail locations that AutoNation owns and operates as of June 30. Today In Data BNPL Commerce News payments Retail Today in Data

Retail 207

Today in Retail: Retailers Mull Clothing Rental to Attract Customers; Walmart Adding to Supply Chain Workforce

PYMNTS

In today’s top retail news, brands are looking to lend consumers apparel in a bid to increase conversion rates, while Walmart is adding 20,000 employees to its supply chain to help ease bottlenecks. Retailers Turn to Clothing Rental as Consumer Acquisition Tactic.

Retail 192

CBDC for Retail, Wholesale and International Payments

Accenture

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….

Retail 297

Today In Retail: JCPenney Introduces Inclusive Kids’ Apparel Line; Dept. Stores, Electronics Head Up Retail Rebound

PYMNTS

In today’s top retail news, JCPenney has rolled out its new Thereabouts private-label kids’ clothing line, while American shoppers spent more in department stores and less on furniture and cars in June. Pct Rebound in June Retail Sales.

Retail 208

Opportunities And Potential Headwinds In Retail

PYMNTS

Bloomingdale’s is set to open a small-format store called Bloomie’s in Virginia on the heels of other retailers introducing similar concepts. And, in the economy, retail job openings climbed again in May per new data from the U.S.

Retail 205

Today In Retail: Peloton Subpoenaed Over Treadmill Injuries; Amazon, Walmart Remain Neck-and-Neck For Retail Lead

PYMNTS

AMZN vs. WMT Weekly: Retail Giants Remain In Dead Heat For Top Spot. Between the two retail titans, the share of consumer retail spending remained relatively unchanged between April and July, with Walmart gaining nothing and Amazon losing only one-tenth of a percentage point.

Retail 207

The Future Of Retail With eCommerce, Subscriptions

PYMNTS

Today In Data Amazon ecommerce Flipkart international News Retail Today in Data walmartWalmart ’s Indian eCommerce venture Flipkart has landed a new round of fundraising ahead of a possible initial public offering (IPO).

Retail 219

Digital Technologies Drive Innovation In Retail, Payments

PYMNTS

In retail technology, Toshiba Global Commerce Solutions ’ new Elera system aims to supplant in-store IT systems with a new cloud-enabled technology. Today In Data Commerce digital commerce News payments Retail Today in Data

Upward Trends In Retail And Digital Innovation 

PYMNTS

In the economy, retail sales surged in January after consecutive months of falling sales, while in payment methods, automatic debit payments can help utility providers bolster cash flows as well as collections. Today In Data Commerce digital Innovation News payments Retail Today in Data

Trends 254

Today In Retail: US Retail Sales Up 0.7% in August; Walmart Retains 10-to-1 Grocery Lead Over Amazon

PYMNTS

In today’s top retail news, consumer spending saw an increase last month despite deflated consumer sentiment, and Amazon is still struggling to increase its share of food and beverage sales, the sole category where Walmart has a solid lead.

Retail 200

Retailers Fight Theft Rings That Steal and Resell Goods Online

PYMNTS

Dubbed organized retail theft, the practice involves stealing goods from brick-and-mortar stores in bulk and selling items online. Security & Fraud Cybercrime ecommerce Financial Crime fraud News Retail Security What's Hot

Online 204

Telehealth Startup Hims & Hers Partners With Lifestyle Fashion Retailer REVOLVE

PYMNTS

Telehealth startup Hims & Hers is partnering with lifestyle eCommerce fashion retailer REVOLVE to advance health and wellness products for millennial and generation Z consumers. Retail Generation Z Hims and Hers millenials News partnerships Revolve telehealth What's Hot

Today In Retail: Amazon and Walmart on Hiring Sprees; Retailers Look at Mall-Based Fulfillment to Scale Logistics

PYMNTS

In today’s top retail news, the two largest private employers in the U.S. are looking to hire tens of thousands of new workers, while retailers and logistics companies see underutilized mall space as a potential answer to capacity concerns.

Retail 199

Digital Technology Boosts Retail, Banking Innovation

PYMNTS

In retail technology, the potential for unattended retail keeps expanding in today’s era of social distancing. 46B : Projected value of the unattended retail market by 2027. Today In Data banking Commerce Innovation News payments Retail Today in Data

BNPL Adoption Accelerates, Driven By Benefits To Consumers, Retailers  

PYMNTS

Swedish buy now, pay later (BNPL) giant Klarna’s recent announcement that both its customers and retail partners had more than doubled over the past year marked the latest milestone for the fast-growing financing option that’s enjoying seemingly unchecked growth via this dual demand.

Retail 208

SpartanNash Leverages Retail Arm to Optimize Distribution Business  

PYMNTS

When it comes to the tools and technologies needed to keep the supply chain running smoothly, food distributor and retailer SpartanNash is in the unique position of understanding the needs of both parties — distributor and retailer — which informs the way it interacts with its customers. “[We]

Retail 192

NRF Lists Hot 100 Retailers

PYMNTS

For retailers, it’s better to be hot in 2020 than top. based trade group said the Hot 100 report provides a glimpse into the future of retailing as experts make predictions for a post-coronavirus world. But COVID-19 has changed the size and quantity of retail locations across the U.S.,

Retail 191

Google’s First Retail Shop To Open Thursday

PYMNTS

The tech giant said about expansion that it will “continue to explore and experiment with the possibilities of a physical retail space and build upon the experience,” 9to5Google reported. Retail brick and mortar Google News What's Hot

Google 260

Today in Retail: Shopify Sees Big Social Commerce Opportunity; Crocs Path to $5B Crosses Through China

PYMNTS

In today’s top retail news, Shopify's Director of Product Amir Kabbara talks to PYMNTS about the company’s new partnership with TikTok, and Crocs outlines its path to more than triple its annual revenue by 2026. CarLotz Opens Georgia Consignment-to-Retail Hub.