PYMNTS

OCTOBER 19, 2020

billion for a controlling stake in the hypermarket operator Sun Art Retail Group , Alibaba said in a statement on Monday (Oct. billion — in Auchan’s A-RT Retail. In a quest to dominate online food shopping in China, Alibaba invested $3.6 As part of the deal, Alibaba will acquire a 70.94% equity interest — worth about $3.6

Online 231

Online Retail Groups Operations 231

PYMNTS

SEPTEMBER 13, 2019

Voice recognition could soon play a bigger role in retail — especially in the world of quick service restaurants. The fast food operator recently announced an agreement to acquire Apprente. Voice promises to become a bigger part of retail in the months and years to come. That’s the signal sent recently by McDonald’s.

Retail 248

Retail Google Survey Technology 248

PYMNTS

JANUARY 20, 2020

As evidence mounts that more consumers are doing more commerce from the comfort of their homes, there are also big changes when it comes the retail involved in that comfort — that is, home furnishings. Here’s the basics of how this furniture retail model works. That’s not all that’s going on in the world of furniture retail in 2020.

Retail 131

Retail New Hampshire San Francisco Trends 131

PYMNTS

DECEMBER 2, 2019

Shares in Future Retail rose 13 percent on Friday (November 29) after India’s antitrust body announced that it has approved a deal that would give Amazon a minority stake in the company. In August it was reported that the eCommerce giant was in discussions to acquire a stake in Future Retail. percent of Future Retail.

Retail 130

Retail Marketing Groups Operations 130

PYMNTS

MARCH 17, 2020

It was supposed to be a thriving retail center in Milwaukee when it was built seven years ago. The DEO “seeks concepts and an operator to program the space to boost innovation and entrepreneurship, demonstrate creative placemaking and feature the Made in Fairfax Network. But it never happened. Starting Jan.

Retail 135

Retail Arlington San Francisco Milwaukee 135

PYMNTS

JULY 1, 2019

Less than a year after the ride-hailing company rolled out in Sudan, Careem has concluded its operations in the country, with a planned takeover by Uber on the horizon. The firm started its Sudan operations in September 2018 following the lifting of economic sanctions by the United States in 2017, Reuters reported.

Operations 100

Operations United States Washington Report 100

PYMNTS

JANUARY 24, 2020

But no matter the case, music is a big part of the retail world, and is helping to create new harmonies of innovation and disruption. Although Apple will operate the playlist, a fairly young label called UnitedMasters , founded in 2017, will provide much of the music. Others don’t. New Partnerships and Services.

Retail 151

Retail Innovation Apple San Jose 151

PYMNTS

MAY 8, 2020

Brookfield has been moving in on mall-centric retail for some time, acquiring all of the stake for U.S. Retail mall stores were some of the hardest-hit with the pandemic, which forced store closures and steep revenue downfalls on an industry already struggling to stay alive due to eCommerce.

Retail 141

Retail Las Vegas Illinois Groups 141

PYMNTS

AUGUST 13, 2019

As Amazon moves to strengthen its physical retail presence in India, the eCommerce retailer is reportedly in late-stage discussions to acquire up to 10 percent of Future Retail Ltd. The eCommerce retailer has also invested $5.5

Retail 116

Retail Groups Operations Report 116

PYMNTS

FEBRUARY 10, 2017

After a subpar holiday shopping season, research firm Moody’s announced that it had revised down its forecast for the sector’s operating income. In its new report, the rating agency said it now expects aggregate department store operating income to have declined 18 percent in 2016 as opposed to the originally estimated decline of 11 percent.

Online 100

Online Operations Examples Retail 100

PYMNTS

FEBRUARY 5, 2018

The retailer said it voluntarily filed for Chapter 11 bankruptcy protection in Delaware and is exploring a sale, Fortune reported. The retailer said in a filing last week that it might have to file for Chapter 11 if it could not reach a deal with creditors.

Retail 128

Retail Milwaukee Delaware Branding 128

Accenture

NOVEMBER 27, 2017

Connecting more than 8,000 decision makers and thought leaders across the industry, Sibos 2017 in Toronto was once again the platform where the global financial community explored the disruptions and opportunities in payments driven by innovation, technology and new business models. Sibos 2018 is in Sydney.

Innovation 192

Innovation Conference Fintech blockchain 192

PYMNTS

MARCH 24, 2017

After retail prices for major food sources ended 2016 on a downswing, meaning U.S. But this could all start to see some change in the latter half of 2017 indicates a recent report from Moody’s Investor Service. Last year, Moody’s found that grocery stores’ operating profits declined about 5 percent due to a 1.3

Retail 101

Retail Operations Online Marketing 101

PYMNTS

MARCH 9, 2018

Beleaguered toy retailer Toys R Us is in the midst of prepping plans to liquidate its U.S. operations, currently in bankruptcy, according to recent Bloomberg reports. The plans come as the company has yet — and the emphasis may be on “yet” — to find a buyer for those operations or finalize its debt restructuring plans.

US 107

US Operations Training Strategy 107

PYMNTS

JANUARY 12, 2021

Verizon , Verizon’s Skyward unit and UPS Flight Forward are teaming up to provide drone delivery for retail products using Verizon’s 4G LTE and 5G networks. We will need the ability to manage and support multiple drones, flying simultaneously, dispatched from a centralized location, operating in a secure and safe environment. “We

Retail 179

Retail Florida Technology Company 179

PYMNTS

JANUARY 2, 2020

It’s going to be a very vocal year when it comes to retail. About 31 percent of consumers now own voice-activated devices, up from 27 percent in 2018 and 14 percent in 2017. About 31 percent of consumers now own voice-activated devices, up from 27 percent in 2018 and 14 percent in 2017. Connected Commerce.

Retail 154

Retail Branding Comparison Data 154

PYMNTS

JULY 29, 2019

The rise of video games, both online and mobile, is helping to drive innovation in retail. The move is one of several Tilly’s has been pursuing recently to draw additional foot traffic in an era when, like many youth-focused retailers, it is seeing its sales constantly shifting online. Larger Trends. More Money.

Video 120

Video Innovation Retail Apple 120

PYMNTS

MARCH 25, 2019

To help meet customer expectations in the digital age, retailers have to know who their shoppers are and what they want. While eTailers already have this information about consumers, brick-and-mortar retailers don’t have this in-depth knowledge. They can also help capture the ages, genders and emotions (in some cases) of shoppers.

Retail 198

Retail San Francisco Houston Branding 198

PYMNTS

AUGUST 6, 2019

What to do with retail malls? That is among the latest trends as retail reinvents itself, and technology and other trends force new uses for old commerce spaces. Mall of America is teaming up with University of Minnesota physicians and a Minnesota-based health care system to operate the clinic.”. Mall Leases. New Investment.

Retail 108

Retail Innovation Minnesota Los Angeles 108

PYMNTS

JUNE 26, 2019

Unattended retail is having a moment – a bad moment, as it turns out, in China, according to reports. The challenges there come as kiosks and other forms of unattended retail continue to develop globally. billion yuan ($620 million) in 2017 alone.”. For one, selling fresh groceries via unattended retail is not an easy business.

Retail 108

Retail Comparison Report Operations 108

PYMNTS

JANUARY 25, 2019

Digitally-native furniture and home décor retailer Article has launched an in-house delivery program in Los Angeles and New York. Major retailers are also taking control of getting their products directly to the consumer.

Retail 116

Retail Los Angeles New York Training 116

PYMNTS

JUNE 8, 2018

After news surfaced in May that Golden Gate Capital was considering a merger of Eddie Bauer and Pacific Sunwear of California , the private equity firm has created a new operating company comprised of the two retailers.

Operations 100

Operations Company California Branding 100

PYMNTS

DECEMBER 5, 2016

And Bedier went out on a limb and said that retailers who adopt omnichannel faster can get a bigger slice of the revenue pie in the future. The end result, he offered, is the pricing and transparency of Square, with embedded apps focused on specific retail verticals, such as salons or fitness centers, for example. A Look Forward.

Retail 100

Retail Mobile Strategy Course 100

PYMNTS

APRIL 2, 2019

Consumers may be curbing their spending , and perhaps even anticipating a new recession, but that could all serve as fuel for certain types of retail expansion — in this case, more brick-and-mortar stores for deep discount chain Five Below. But both efforts, along with other moves, show the ongoing life behind brick-and-mortar retail.

Retail 116

Retail New York City Metro Course 116

PYMNTS

NOVEMBER 5, 2018

Those promise to stand as two main traits of the 2018 holiday shopping season , and retailers that gain an edge and increase revenue during the all-important fourth quarter will likely have exploited such tactics during this period, at least according to new data that strives to paint a detailed picture of U.S. 26 to hit $7.7 billion, up 17.6

Retail 179

Retail United States Millennials Study 179

PYMNTS

FEBRUARY 11, 2019

But the growing use of those brands to attract sales is also leading to more focus on potential challenges for online, private label retail over the next few years. Private brands, of course, are hardly new, and their use in retail predates the birth of eCommerce. Consumers can buy furniture anywhere. Private Label Pivot.

Retail 158

Retail Branding Online Seattle 158

PYMNTS

JUNE 6, 2019

Look to China, and look some more — that’s one of the main messages in mid-2019 for luxury retailers, at least for ones not based in the U.S. Luxury retail is a hot space in China. The latest evidence of that comes from Louis Vuitton. JD is also one of Farfetch’s largest shareholders. Back in the U.S.,

Retail 122

Retail New York City Branding New York 122

PYMNTS

DECEMBER 27, 2018

Even before the holiday shopping season began, Amazon already commanded a growing share of consumers’ retail spending, according to The Amazon Paycheck Index from PYMNTS. percent in 2017 and 1.3 Over the last four years, retail sales have shifted to Amazon in key categories that were once the domain of the physical store.

Trends 134

Trends Retail Google Survey 134

PYMNTS

MAY 8, 2017

The UK’s top retailers are facing tough competition online from U.S.-based According to eMarketer , February 2017 data from comScore MMX shows Apple and Google Shopping placed fifth and sixth, respectively, among the U.K.’s s top 10 retail companies as ranked by unique visitors to their desktop brand sites.

Retail 116

Retail Online US Apple 116

PYMNTS

OCTOBER 24, 2018

Get past the benign silliness of that retail and fulfillment dream and you’ll be reminded that Amazon is always pushing at the commerce and payments frontier. The eCommerce operator will account for an estimated 2.2 percent in 2017 and 1.3 The eCommerce operator will account for an estimated 2.2 percent in 2017 and 1.3

Retail 108

Retail Operations Analysis Boston 108

Bobsguide

AUGUST 7, 2022

London, UK – August 3, 2022 – Finastra announced today that The Co-operative Bank has selected Finastra Kondor in the cloud, available via Microsoft Azure, to upgrade its treasury infrastructure and automate manual reporting and processes.

Operations 68

Operations Strategy Innovation Policies 68

PYMNTS

MARCH 1, 2017

Christmas may be the most wonderful time of the year – for most consumers and retailers – but this year it seems the holidays were less merry and bright than would have been ideal over at Target Corporation. The retailer’s revenue also missed expectation – $20.69 The retailer is predicting earnings of $3.80

Retail 100

Retail Training Capital Branding 100

PYMNTS

SEPTEMBER 17, 2019

The future of retail is playing out in multiple places, not the least of which is the open road. In 2017, GM started shipping vehicles with Android Automotive OS, starting with integration in the Cadillac CTS and then expanding to other cars. That’s where the connected vehicle ecosystem is being built.

Google 171

Google Retail Customer Experience System 171

PYMNTS

JANUARY 8, 2020

Case in point, Stockwell: a self-service retail venture that got off on a very wrong foot with customers by, among other things, choosing the wrong name. When Stockwell launched in September of 2017, it went by a different name: Bodega. The Washington Post branded Bodega the most hated startup in America.

Retail 130

Retail Los Angeles Branding San Francisco 130

Bank Innovation

NOVEMBER 28, 2016

will participate in a fireside chat at Bank Innovation 2017. Bank Innovation 2017, March 6-7 in San Jose, Calif., Adam Carson, managing director, global technology strategy & partnerships at JPMorgan Chase & Co., will feature dozens of speakers on investing in innovation, chatbots, blockchain and more.

San Jose 150

San Jose Innovation blockchain Strategy 150

PYMNTS

DECEMBER 29, 2016

Blockchain technology is slowly slinking through the aisles of retail business. As blockchain crawls into other industries, analysts are already predicting that the technology will show up more glaringly in the retail space. There may be only a couple of viable blockchain consortiums left standing in 2017,” said Loop.

blockchain 129

blockchain Retail Bitcoin Technology 129

PYMNTS

FEBRUARY 20, 2018

Alibaba and Tencent , which are locked in a battle to win over consumers, have invested more than $10 billion in retailers since the beginning of 2017. As a result, retailers are taking sides, CNBC reported. By working with Alibaba and Tencent, merchants can access payment systems and logistics services — as well as Big Data.

Retail 100

Retail Big Data social media Atlanta 100