PYMNTS

DECEMBER 31, 2018

According to the report, cybercrime touched nearly every sector throughout 2018, including those that may seem less obvious, like education or manufacturing — and for one obvious reason: the money. Facebook’s 2018 regarding the stewardship of user data and privacy was one it would like to soon forget. Department Store Hacks.

Data 230

Data Security Tools Cards 230

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

Retail 249

Retail Seattle Exercises Online 249

PYMNTS

NOVEMBER 25, 2018

Overstock is gearing up to sell its retail business, with a deal taking place in the next few months as it focuses solely on its blockchain initiatives. Overstock has previously announced plans to sell the retail business so that it can focus on blockchain technology. Still, shares are off more than 65 percent since the start of 2018.

blockchain 202

blockchain Retail cryptocurrency Report 202

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. Data: 1,100: Number of business email compromise fraud scams that targeted CEOs in 2018. trillion: Estimated value of global financial losses reported in 2018.

Retail 190

Retail Digital Banking Course Fraud 190

Bank Innovation

APRIL 26, 2019

Customer satisfaction in the overall retail banking industry has improved over the last twelve months, but ever so slightly, according to J.D. Retail Banking Satisfaction Study. Based on this report, released Thursday, the industry scored 807 on a 1,000-point scale, up just by one point from the 2018 report. Power's 2019 U.S.

Retail 186

Retail Study Industry Report 186

PYMNTS

JANUARY 24, 2019

Before consumers started to trade brick-and-mortar shopping experiences for eCommerce websites, retailers could bring customers through their doors with window displays. According to the PYMNTS Virtual Reality In Retail Report , there are expected to be 100 million AR/VR headset users by 2022.

Retail 204

Retail Training New York City Technology 204

PYMNTS

OCTOBER 23, 2020

percent stake in Aditya Birla Fashion and Retail Limited (ABFRL), the company said in a statement on Friday (Oct. That would bring Walmart a solid return on its $16 billion investment in 2018 for a 77 percent stake in Flipkart. Walmart India’s eCommerce firm Flipkart is investing $204 million (?1,500 1,500 crore) for a 7.8

Retail 248

Retail Branding Groups Industry 248

PYMNTS

DECEMBER 28, 2018

This year, retailers from Kroger to Whole Foods Market brought new offerings ranging from cashierless checkout to personal shopping services to their stores. Amazon might have kicked off the year of cashierless checkout with its Amazon Go store in January , but the concept took off in other parts of the world in 2018.

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Innovation Sacramento Retail Kentucky 194

PYMNTS

SEPTEMBER 13, 2019

Brick-and-mortar retailers are doubling down on digital as they look to staff their stores for the busy holiday shopping season. The retailer noted that all seasonal hires will have a minimum hourly starting wage of $13 an hour. To keep tabs on the latest retail trends, check next week’s Retail Pulse.

Retail 244

Retail Trends Online Technology 244

PYMNTS

MARCH 12, 2020

Quick: Who’s the biggest retailer in the U.S.? In terms of sheer size and locations, the United States Postal Service (USPS) is the biggest retailer in the country, with 31,000 locations covering pretty much every town. Now, a new report is asking a good question: What if the post office expanded its retail offerings?

Retail 169

Retail US Survey Examples 169

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. and Europe by 2022. Amazon VR Push.

Retail 192

Retail San Diego San Francisco Branding 192

PYMNTS

DECEMBER 24, 2019

21, the last Saturday shopping day before Christmas 2019, has been confirmed as the single biggest retail sales day in U.S. According to retail research firm Customer Growth Partners, consumers on Super Saturday spent a total of $34.4 More customers are shopping online, as well, as retailers offer improved web platforms. (58

Retail 186

Retail social media United States Millennials 186

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 latest Automated Retail Tracker explores these trends and new developments in the unattended retail space. smartphone users.

Retail 180

Retail Houston Minnesota Austin 180

PYMNTS

OCTOBER 30, 2020

29) that retail investors in mainland China made over $2.8 billion into Ant in the summer of 2018 as part of its third round of funding. Ant Group indicated on Thursday (Oct. trillion of orders for their part of its offering, which is taking place in both Hong Kong and Shanghai at the same time, The Wall Street Journal reported.

Groups 223

Groups Retail Report Fintech 223

PYMNTS

JANUARY 14, 2019

It looks like we can finally have a serious conversation about the impending collapse of physical retail in the U.S. All it took was a 160-year old retailer and a $34 billion kick in the stomach to the retail sector to get everyone’s attention. retailer, Sears, which found itself standing at Chapter 7’s front door.

Retail 198

Retail Online Mobile Data 198

PYMNTS

JANUARY 21, 2020

Don’t look now, but virtual reality and augmented reality are starting to make bigger gains in the retail world. The spread of VR and AR technology is not confined to physical retailers, either — eCommerce giants are getting into the game as well. billion via retail and marketing in 2022. Larger Trends.

Retail 210

Retail Trends Washington Technology 210

PYMNTS

MARCH 27, 2020

The virus once again tested the boundaries of the EU’s GDPR rule, which has governed the transmission of online information in the region since 2018. Considering t he global nature of COVID-19, regulators outside of the U.S. To find out more about how U.S.

Data 199

Data Retail US California 199

PYMNTS

APRIL 10, 2020

Fruit Street – a virtual one-stop-shop specializing in digital diabetes diagnosis and treatment – has partnered with vegetarian meal kit purveyor Purple Carrot to add a retail angle to its health advisory service. The rapidly evolving telehealth category has a new business model.

Retail 242

Retail Guidelines User Experience Branding 242

PYMNTS

AUGUST 28, 2020

New Report: Helping Retail Treasurers Navigate The Digital D2C Shift (“How To” Playbook). Not only have retail sales shifted online, but more consumers are buying more of what they want directly from the brand. Report: Helping Retailers Solve The Payments Piece Of The eCommerce Puzzle (Anatomy Of A Consumer Payment Playbook).

Retail 208

Retail Los Angeles San Francisco Online 208

PYMNTS

DECEMBER 16, 2020

Benetton Group , an Italian fashion company, is teaming once more with retail market intelligence firm EDITED as an "essential platform" for its future three-year roadmap, according to a Wednesday (Dec. 16) announcement. “As

Groups 157

Groups Retail Analytics Branding 157

Bank Innovation

DECEMBER 13, 2018

As a part of its retail transformation strategy, HSBC Bank USA spent over $130 million on innovation projects in one year on its U.S. operations. These projects range from less visible, but equally important, system upgrades on the back-end and more visible ones like installing Softbank’s robot Pepper in its New York flagship.

Innovation Strategies 199

Innovation Strategies Strategy Innovation New York 199

PYMNTS

FEBRUARY 3, 2020

Consumers are firing brick-and-mortar retailers from the jobs they held years and decades before. To get their shopping jobs done, consumers are now hiring retailers that make it convenient to do business – anywhere, anytime, through any channel and on their terms. But it’s more than that.

Retail 172

Retail Online Study Meeting 172

Bank Innovation

FEBRUARY 12, 2020

In-store branches are satellite bank branches located inside large retail spaces, such as supermarkets or chains like Walmart and Safeway. As of January, there were 3,989 in-store branches of FDIC-insured institutions housed within retail stores, a decrease of 2.3% since June 30, 2018, S&P Global Market Intelligence reported.?

FDIC 243

FDIC US Retail Digital Banking 243

PYMNTS

DECEMBER 22, 2020

Amid a year in which over 11,000 retail closings have been announced, past Macy’s CEO Terry Lundgren foresees that disruption to the retail vertical related to COVID-19 will continue into 2021 and possibly bring about additional closings of stores, CNBC reported. We’re not done yet. Lundgren added, “This movie is not finished.

Retail 157

Retail Report Branding 157

PYMNTS

DECEMBER 18, 2020

Cybercriminals have been homing in on eCommerce retailers that are seeking to capitalize on the rise of online shopping this season, as they believe that “they will be more likely to get through unabated,” the company said. Digital fraud is a longstanding issue for retailers and banks. The pandemic has only made these issues worse.

Report 333

Report Fraud Strategy Retail 333

PYMNTS

APRIL 9, 2020

It seems like a year ago, but it was actually only March 8 when discount retailer Burlington announced that it was abandoning its admittedly watered-down eCommerce offering. On one hand, the best way to get people in stores and avoid the fate of other brick-and-mortar retailers was to make online sales the only option.

Retail 164

Retail United States Exercises Online 164

PYMNTS

FEBRUARY 10, 2020

23.11B : Value of the global interactive kiosk market in 2018. Data: 2019: The year Tommy Hilfiger introduced its visual commerce app via desktop and mobile at tommy.com. 2017: The year Target began incorporating Pinterest’s visual search tool. percent: CAGR of the global interactive kiosk market from 2019 to 2025.

Retail 184

Retail Tools Data Branding 184

Bank Innovation

DECEMBER 24, 2018

While some banks and fintech view each other as competitors, that’s not always the case. In fact, there have been a number of significant bank-fintech partnerships this year. What follows is a list of four alliances that the Bank Innovation staff found most interesting. Lloyds Banking Group and Thought Machine Core overhauling is a […].

Fintech 199

Fintech Innovation Groups Capital 199

PYMNTS

AUGUST 21, 2019

There was no direct, immediate indication that the technology — and this new advance — would have retail or payment implications anytime soon. billion digital records were compromised in the first half of 2018 alone — a staggering figure that could not have been possible if digital IDs were not drawing so much attention.

Retail 185

Retail Payments Analysis Technology 185

Bank Innovation

DECEMBER 26, 2018

This year the financial services industry saw a lot of fintech M&A activity. Here are five deals, in no particular order, that Bank Innovation's editors think will most significantly impact the landscape in 2019. PayPal Acquires iZettle Payments giant PayPal inked its largest deal ever this summer, acquiring Swedish company iZettle for $2.2

Fintech 218

Fintech Innovation Industry Payments 218

PYMNTS

JANUARY 8, 2021

Bloomberg notes that such an offering would be unusual, as retail investors generally do not get an opportunity to participate in an IPO at the offering price. Having retail investors buy shares ahead of the opening could also limit the size of the rally of the stock on its first day of trading.

Massachusetts 363

Massachusetts Fintech Millennials Retail 363

PYMNTS

FEBRUARY 13, 2020

The retailer provides the 3D model and Apple uses ARKit – handling everything from scaling to lighting – to display it as it should look. Retailers are getting new customizable buttons to help sell products to iPhone users utilizing ARKit’s Quick Look feature. The company added a Quick Look browsing feature to Safari in 2018.

Apple 220

Apple Tools Retail Technology 220

PYMNTS

MAY 8, 2020

Samsung Pay has increasingly grown in popularity, processing more than one billion transactions , almost double compared to 2018. Growth is being fueled in part because more retailers are participating. By 2018, about 50 percent of retailers and restaurants starting accepting Apple Pay. smartphone users. .

Samsung 230

Samsung Management Cards Regional 230

PYMNTS

JULY 5, 2020

The reminder is intended for banks with clients that include marijuana retailers or individuals that grow, process, or manufacture pot. Hemp, a strain of cannabis with lower concentrations of THC, the substance that makes users high, was legalized in 2018. Hemp Inc.,

US 352

US Nevada Arizona Guidelines 352

PYMNTS

JANUARY 4, 2019

According to the 2018 Holiday Retail Index by Verizon , average daily eCommerce traffic to the top 25 U.S. retailers increased by 7.5 online retail traffic on Sunday, Dec. online retail traffic on Sunday, Dec. percent between 2017 and 2018. percent between 2017 and 2018. percent) and Sunday, Dec.

Data 195

Data Retail Online Groups 195

PYMNTS

JANUARY 15, 2019

Online retail and mobile commerce had their shining moments over the 2018 holiday shopping season — the latest evidence of that comes from Adobe Analytics , which said that U.S. The new figure comes amid fresh questions coming out of that holiday season about the viability of brick-and-mortar retail sales. Macy’s Woes.

Data 197

Data Retail Online United States 197

PYMNTS

JANUARY 15, 2021

The holiday shopping season is the most wonderful time of the year for the retail industry. Brick-and-mortar merchants and online retailers alike often rely on end-of-year sales to generate up to 40 percent of their annual revenues and start the new year on a positive note. A notable $730 billion in U.S. A notable $730 billion in U.S.

Retail 159

Retail Online Fraud Cards 159