PYMNTS

OCTOBER 15, 2020

In a roundup of today’s top retail stories: The automotive market continues its comeback with a digital spin, conversational commerce is the next big pandemic-fueled trend, and Tiffany said that its preliminary sales results for August and September 2020 are positive. Conversational Commerce Finds Its Voice in Digital Retail.

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Bank Innovation

MARCH 15, 2019

Customer demand is driving FIs to move to a realtime payments system, and quickly, according to panelists at the Bank Innovation Ignite 2019 conference in Seattle this week. The need for speed is here to stay. The payment systems that we all run today, they've worked and they've been rock-solid," said Matt Wilcox, SVP of […].

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Seattle Payments Conference Innovation 186

PYMNTS

NOVEMBER 24, 2020

It became the first brick-and-mortar retailer to earn the majority of its revenue from eCommerce as 54 percent of its third-quarter take came from digital channels. “We Dubious because the company operates and pays leases on 350 stores and on the flip side of the coin, it only generated 46 percent of its revenue from them.

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Retail US Online Taxes 221

Bank Innovation

MARCH 12, 2019

Identity proofing and verification startup Diro Labs won the DEMOvation Challenge today at Bank Innovation Ignite 2019 in Seattle. In addition to bragging rights, the company will receive admission to the INV Fintech Accelerator and an advertising package on Bank Innovation.

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Seattle Innovation Fintech Company 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.

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PYMNTS

JANUARY 20, 2020

New evidence of that — part of the broader trend of the existential changes in the world of brick-and-mortar retail, changes that are gaining more focus this month — comes from reports that stationery chain Papyrus is closing up shop. The chain had since expanded to some 260 or so retail locations. Millennials to the Rescue.

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Retail Millennials Cards social media 183

PYMNTS

APRIL 17, 2019

The race to 5G retail is on. The new, faster mobile network technology is a big part of the plans for many commerce and payments operators, even though specific use cases have been only slowly emerging as the technology and the devices to support it are deployed. 5G Retail Plans. Even so by the latter part of 2019, the U.S.

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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.

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PYMNTS

DECEMBER 28, 2020

It could be argued that for the retail industry to pull off a 3 percent uptick for holiday sales this year was an astonishing feat. Some predictions pre-holiday ranged as high as a 5 percent increase over 2019; some called for flat spending. percent of overall retail sales — up from approximately 13.4 percent in 2019.

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Data Retail Online Report 260

PYMNTS

JULY 5, 2020

The reminder is intended for banks with clients that include marijuana retailers or individuals that grow, process, or manufacture pot. a Nevada-based, publicly-traded company that owns processing centers and a 5,000-square-foot retail store in Arizona, praised FinCEN’s update. Hemp Inc.,

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PYMNTS

JUNE 23, 2020

The COVID-19 pandemic has been a “great accelerator” in driving Kohl’s to embrace eCommerce and make other changes in its operations faster than planned, the retail giant’s Chief Executive Michelle Gass said on Monday (June 22).

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Retail Online Report US 179

Bank Innovation

JUNE 3, 2019

Bank, will participate in a fireside chat at Bank Innovation Build 2019, this blog’s event on best practices in banking innovation. Dominic Venturo, executive vice president and chief innovation officer at U.S. Bank Innovation Build will take place November 6-7 at Atlanta’s W Hotel Downtown. Register here.)

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PYMNTS

MAY 13, 2019

In the unattended retail space, vending operators are also becoming more aware of the shifting behaviors of their shoppers and the need for swift and digital payment options. That smaller size opens up whole new markets, and gains access to spaces that have never had a retail experience [as] a part of it.”.

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Retail Marketing eBook Cards 177

PYMNTS

AUGUST 7, 2020

For retailers, it’s better to be hot in 2020 than top. The National Retail Federation (NRF) said on its blog this week that the Hot 100 Retailers, while vulnerable to mergers and acquisitions, as a group is more stable than the Top 100 Retailers ranking, as stores are impacted by the unpredictability of COVID-19.

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PYMNTS

DECEMBER 15, 2020

Also, the Mersho Brothers, who operate Shoe Palace, have been issued equity in Genesis so that they will have 20 percent ownership of the enlarged group in the U.S. The chain currently has 167 retail locations, most of them operating under the Shoe Palace flag. 31, 2019, according to the announcement.

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PYMNTS

MAY 14, 2020

The latest to report, Wine.com – which bills itself as the nation’s leading online wine retailer – earned $165 million in revenue and saw 25 percent growth for fiscal 2020, ending March 31. The $33 million revenue increase over fiscal 2019 is the biggest in the company’s 15-year history. With sales of $3.2

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Online Retail Millennials Analytics 164

Bank Innovation

MARCH 14, 2019

Umpqua Bank’s Go-To human-digital live support platform is moving to a 24/7 service, Cort O'Haver, President and CEO of Umpqua Holdings Corporation, announced at Bank Innovation Ignite 2019 in Seattle on Tuesday. He said the decision had been made just that morning. Access to the Go-To platform is free for the Portland, Ore.-based

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Portland Seattle Innovation Operations 170

PYMNTS

DECEMBER 8, 2020

Bass and Wilsons Leather share of the company’s retail operations segment were $38.2 million in the same timeframe in 2019. “We The company said it is reorganizing its retail operations segment, as announced in the past. Bass and 110 Wilsons Leather retail locations. Net sales for the G.H. a share, on $3.2

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Groups Report Branding Retail 241

Bank Innovation

MARCH 20, 2019

That sums up the video below from the Bank Innovation Ignite 2019 conference last week, […]. Answer that question and the bank of the future will materialize -- a specialized, consumer-centric, data-driven, networked financial entity.

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Video Conference Innovation Data 170

PYMNTS

OCTOBER 23, 2020

Despite the fact that many retailers are creating their own versions of Black Friday, the traditional one that happens the day after Thanksgiving will still occur as a retail event. That’s the take from Edited , a retail tracking platform that advises brands on pricing and merchandising strategies.

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Strategy Retail Branding Data 151

PYMNTS

SEPTEMBER 22, 2020

In today’s top retail news, Philadelphia Real Estate Trust reopens its newest property, Ralph Lauren cuts its workforce and Mall of America offers space to local businesses. The transformation plan, according to the company, aims to attract younger consumers, drive targeted expansion, lead with digital and operate more efficiently.

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PYMNTS

MAY 22, 2020

The retailer said it wasn’t reporting comparable-store sales, as its shops were open for less than seven weeks of the 13-week period, per an announcement. Additionally, the company reported a net loss for Q1 2020 of $306 million compared to net income of $421 million in 2019. reported total Q1 sales of $1.8 billion compared to $3.8

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PYMNTS

JUNE 8, 2020

As evidenced by last week’s PYMNTS’ card on file report , consumers are ready and willing to keep their data with retailers, both online and offline, in exchange for frictionless experiences. Warehousing and storage operators added 8,500 jobs in May after slashing 90,500 jobs in April.”. Bureau of Labor Statistics released Friday.

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Retail Study Online Data 167

PYMNTS

APRIL 27, 2020

In 2019, 5.4 But after that initial download, retailers and purchase aggregators pretty much let users run the course of their screens, never thinking that advanced applications would someday become important. When a retailer has to deliver on time, that location becomes essential to the customer experience.

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Retail Mobile Examples Technology 160

PYMNTS

NOVEMBER 9, 2020

Despite COVID-19, we are encouraged by the increases we are seeing in shopper traffic, retailer sales and tenant rent collections across our portfolio,” CEO David Simon said in a statement. “We billion, versus 2019’s $1.42 The company also announced that its portfolio net operating income for the period declined 22.4

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PYMNTS

JANUARY 2, 2020

It’s going to be a very vocal year when it comes to retail. Voice is the killer app of the connected commerce experience, according to the How We Will Pay: 2019 Edition study. And in retailer news, there is an increasing push to integrate Alexa into the purchase path. Get ready for more voice-enabled retail in 2020.

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Retail Branding Comparison Data 154

PYMNTS

OCTOBER 1, 2020

online grocery retailer Ocado is involved in a patent lawsuit over robotically-operated warehouse technology with robotics company AutoStore , Reuters reported. Automation is increasing in the retail world, with Kroger joining forces with Ocado last year in a deal to make 20 automated warehouse facilities.

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Online Florida Retail Course 234

PYMNTS

JULY 5, 2020

Federal workers, through partnerships with several online retailers, will now be able to purchase equipment like desks or office supplies through an eCommerce network for the first time, The Washington Post reports. Leaders at Overstock said the new GSA initiative would help them with their retail operation.

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Online Retail Washington Fraud 149

PYMNTS

SEPTEMBER 30, 2020

In today’s top retail news, Spiceology aims to shake up the D2C realm, and small and medium-sized businesses (SMBs) face decisions of how — or whether — to compete with Amazon’s October Prime Day event. 13 and 14 in this year of unpredictable and unprecedented retail happenings. Spiceology Shakes Up The D2C Status Quo.

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Retail social media US Marketing 189

PYMNTS

JULY 8, 2020

As it does during the first week of every month of the pandemic, attention turns to retail leases. This week found that one of the crisis’ most troubled retailers — Nordstrom — will only pay half of its rent for the balance of 2020. Retail Properties of America, Inc. percent of Q2 2020 rent as of the end of June.

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Retail New York City Branding Groups 150

PYMNTS

SEPTEMBER 17, 2019

The future of retail is playing out in multiple places, not the least of which is the open road. It is based on the operating system that runs on phones and tablets, but was modified to work with cars. That’s where the connected vehicle ecosystem is being built. For the time being, new car sales are trending up — believe it or not.

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Google Retail Customer Experience System 171

Bank Innovation

NOVEMBER 27, 2019

Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, November 29, 2019.

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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

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PYMNTS

JULY 30, 2020

Among those numbers: Operating cash flow increased 42 percent to $51.2 billion for Q2 2019. billion in second-quarter 2019. Operating income increased to $5.8 On the earnings call, Chief Financial Officer Brian Olsavsky pointed out that Q2 2020’s numbers topped Q4 2019 and that Q3 would be even bigger. “As

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Online Capital Operations Video 238

PYMNTS

JULY 5, 2020

The Indonesian eCommerce retailer backed by SoftBank Group Corp. ’s the Chinese multinational technology company specializing in eCommerce, retail, Internet, and technology, led a $1.1 s Google and Temasek would be major scores for one of Southeast Asia’s biggest eCommerce operators. Google and Temasek Holdings Private Ltd. ,

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Google Regional Retail Groups 264

Bank Innovation

JANUARY 2, 2019

It's the beginning of a new year, and naturally new trends will take shape. The seed for some trends like voice banking and contactless payments were already planted last year, while others such like core overhauls went relatively untouched last year.

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PYMNTS

JANUARY 25, 2021

The former CFO of Zalando SE, one of Europe’s most successful eCommerce retailers, Kemper was instrumental in leading the company’s IPO in 2014 on the Frankfurt stock exchange. Dropbox leader Adrienne Gormley will become the chief operating officer. The company operates in 25 countries and employs more than 1,500 people.

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Fintech Operations Tools Capital 254