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Why Does The Path To Retail Innovation Go Through So Many Labs?

PYMNTS

It’s not enough to be a retailer these days, not if a merchant intends to survive in a world of commerce dominated by the likes of Amazon and other tech-focused competitors. PYMNTS readers can be forgiven if they view innovation labs (no matter the label) as something that verges on retail fad. New Efforts.

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Shopify’s Grand Retail Experiment

PYMNTS

While the shift to the online space is often seen as the great game-changer in retail, Loren Padelford, vice president and general manager of Shopify Plus , said that the change is actually to something more fundamental. A lot of traditional merchants and retailers are struggling with that change.

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Sears Files For Bankruptcy; To Close 142 Stores

PYMNTS

The bankruptcy filing is the culmination of years of effort on the part of Sears and chief executive officer Eddie Lampert to turn the company the billionaire acquired in 2004 around. Lampert had long vowed to bring Sears back to the days when it was a leading retailer, but his efforts failed to take off with consumers.

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How Millennials Are Propelling Halloween To New Retail Heights

PYMNTS

Retailers are set to clean up this Halloween, as 2017 is looking to be a record-setter for consumer spending during the holiday. Halloween is no longer just for the kids and those with kids,” wrote Allison Zeller, director of research for the National Retail Federation (NRF). brand manager, in an interview with VinePair.

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American Dream Megamall Announces First Shops To Open In Spring

PYMNTS

The American Dream megamall in New Jersey is preparing to open a round of retail stores after nearly two decades in waiting. Some of the brands set to open include Aritzia, Zara, Sephora, H&M, Uniqlo, Primark, Ulta Beauty and Old Navy. And many retailers that might have planned to come to the mall have gone bankrupt.

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Wealth Inequality Might Be Hurting Families’ Retail Budgets

PYMNTS

percent from 2004 to 2008, but fell by 13 percent over the next six years; at the same time, family expenditures spiked by 14 percent. If the data is to be believed, families’ choices of how to enjoy their discretionary income in the retail wonderland of America is increasingly being scaled back by higher costs on necessary purchases.

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Data Enablers: Triad Tailors Ad Experience

PYMNTS

The experts at Triad Retail Media are there to make sure that happens. Triad customizes and manages digital media programs to transform busy websites like Walmart.com into publishing properties that benefit the advertising brands, host retailers, and shoppers who use them with a perfectly calibrated pitch.

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