PYMNTS

JANUARY 25, 2021

In today’s top retail news, Cox Automotive has released its Complete Retail online experience, and Pinterest is introducing an augmented reality (AR) try-on tool to help users with testing and comparing eye shadow. Cox Automotive Launches End-To-End Car Retail Experience. which is based in Georgia.

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Retail Georgia Tools Conference 207

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. billion to $110.5

Retail 249

Retail Seattle Exercises Online 249

PYMNTS

NOVEMBER 21, 2018

A new report has predicted that recurring transactions processed on debit and credit cards in the United States will reach $473 billion by 2021. Recurring Payments Market Forecast, 2017–2021: Set It and Forget It,” has explored U.S. The report , “U.S. market size and reviewed service offerings from seven providers in the U.S.

Cards 167

Cards Payments United States Retail 167

PYMNTS

DECEMBER 17, 2020

In today’s top retail news, StockX has landed $275 million in a Series E funding round, while Rite Aid Corporation reported as part of its fiscal 2021 third quarter results that revenues rose by 12 percent. Fashion Retailer rue21 Strikes Deal To Retire Debt. Clothing retailer rue21 (r21 Holdings, Inc.) million members.

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Retail Report Company Pennsylvania 226

PYMNTS

JANUARY 19, 2021

Chuck Huang, founder and CEO of Citcon , explores how the pandemic has prompted retailers to capitalize on the surge in demand for contactless, digital payments. "As Progressive retailers have paved the way for this with email collection at registers, enabling them to connect their customers’ behavior in-store with them online.

Retail 211

Retail Payments Online Marketing Strategies 211

PYMNTS

NOVEMBER 24, 2020

“Now we’re in a period where those sellers have figured out some of the pieces that have really worked for their businesses, and [they] are trying to figure out, 'how do I how operationalize this and grow it even more going into 2021?’”. Some retailers are also exploring ways to marry window shopping with digital ordering.

Innovation 211

Innovation social media Retail Online 211

PYMNTS

NOVEMBER 18, 2020

Shipping giant Maersk is predicting a better 2021 in a move that bodes well for the battered but now recovering global economy. A rebound in retail sales in the United States has resulted in a quicker than expected resurgence in shipping demand, with Maersk now expecting EBITDA to weigh in between $8 billion and $8.5

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Retail US United States Online 215

Abrigo

MARCH 24, 2021

Takeaway 1 Financial institutions that invested in technology in 2020 are using it to increase the loan portfolio in 2021. Growing loans, earnings are banks' top challenges in 2021. The top banking challenges in 2021 are growing loans and earnings, according to Independent Banker’s recent 2021 Community Bank CEO Outlook survey.

Lending 221

Lending Technology Survey Examples 221

PYMNTS

DECEMBER 31, 2020

A PYMNTS staffer recently placing a digital order from New England regional grocery chain Big Y noticed a surprising change to the supermarket’s online options. By autumn 2020, consumers' propensity for grocery shopping online was growing faster than their propensity for either retail shopping online or ordering food online.

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Online Regional Data Study 235

PYMNTS

SEPTEMBER 29, 2020

A new Mastercard initiative aims to improve online transaction clarity so that customers can know exactly who they purchased from, according to a press release Tuesday (Sept. Global chargeback volume, the study showed, will reach 615 million by 2021, largely coming from customers frustrated and disputing transactions, the release said.

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Online Guidelines Study Fraud 243

PYMNTS

NOVEMBER 30, 2020

However, online sales bounced up 21.6 But most of the changes that have come to retail as of the holiday 2020 shopping season aren’t temporary — and aren’t going to go backward. At the end of the day, I feel really good about the opportunities for retail,” Sadove said. “I The Long Holiday-Shopping Season .

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Retail Analytics Online Data 237

PYMNTS

DECEMBER 16, 2020

Amid the great digital shift , retailers and financial institutions (FIs) must walk the fine line between challenging transactions and letting the consumer journey proceed frictionless. And then, after the transaction is made, there’s the task of understanding the byzantine codes and data that are tied to online statements.

Retail 228

Retail Management Fraud Omaha 228

PYMNTS

JULY 3, 2020

Retail CEOs faced a parade of problems in 2020’s first six months, but some executives look ready to set off plenty of fireworks in the year’s back half. . Here’s a July 4 th look at some top executives in retail who seem ready to declare their independence from business as usual in 2020’s final six months. . John Donahoe, CEO, Nike.

Retail 267

Retail Apple Branding Marketing 267

PYMNTS

JANUARY 13, 2021

The 2020 holiday season was rife with online shopping, which hit a record $188.2 The number of online spending during the two-month holiday shopping period was, for the first time, over $1 billion every day, according to ADI, which shows that the predominant mode of spending over the past year because of the pandemic is likely here to stay.

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Online Analysis Retail Mobile 177

PYMNTS

DECEMBER 11, 2020

Although much of the 2021 holiday season will be very different than anything that came before it, some of the changes are easier to anticipate than others. Consumers are going digital and are finding the experience to be an upgrade, while the physical retail channel is becoming increasingly unsatisfying by a pretty wide margin.

Retail 273

Retail Meeting Customer Experience Online 273

PYMNTS

DECEMBER 6, 2020

Mastercard , in its just-released Mastercard Economics Institute ’s Economy 2021 report titled “The E-Conomy is Here to Stay,” looks at the past year's economic trends in order to see what's coming next for businesses, according to a press release emailed to PYMNTS. A total of 74 percent of new U.S.

Maine 177

Maine Regional Study Survey 177

PYMNTS

DECEMBER 3, 2020

Online delivery platform Instacart is teaming up with regional Midwest retailer Meijer to provide same-day delivery of groceries. Customers rely on Instacart to get the groceries and goods they need from the retailers they love," Instacart President Nilam Ganenthiran said in a Thursday (Dec. 3) press release.

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Retail Illinois Indiana Kentucky 183

PYMNTS

OCTOBER 9, 2020

Brick-and-mortar commerce has rebounded in recent months, but consumers are still heading online for many of their purchases, maintaining trends set in the early months of the pandemic. billion consumers will be shopping primarily through digital channels by 2021 — representing a $6.5 trillion opportunity for eCommerce retailers.

Fraud 188

Fraud Retail Report Online 188

PYMNTS

JUNE 4, 2020

Instead of flocking back to brick-and-mortar shops, consumers are continuing to shop from the safety of their homes, and are actually buying more online — not less — than they were before the reopening began. consumers are now buying retail goods online as of May 23, compared to 29.2 PYMNTS’ latest survey shows that 35.7

Online 137

Online Retail Data United States 137

PYMNTS

OCTOBER 12, 2020

Online marketplaces are connecting retailers, consumers and nonprofits amid the pandemic. And online shopping and digital fraud are increasing simultaneously, but merchants can take steps to ensure that debit-based card-not-present (CNP) transactions are kept safe. 92%: Portion of U.S.

Retail 146

Retail Innovation Technology Online 146

PYMNTS

SEPTEMBER 15, 2020

To reshape the digital checkout experience for retailers and shoppers, Visa Canada has unveiled the extension of Click to Pay to Canada. In order to offer additional security procedures to emerging and current online payment channels, Click to Pay has interoperability with 3-D Secure and EMVCo tokenization specifications. “As

United States 291

United States Security Retail Cards 291

PYMNTS

SEPTEMBER 28, 2020

The Centers for Disease Control and Prevention ( CDC ) has some advice for holiday shoppers who prefer brick-and-mortar stores to online shopping: avoid crowds. The CDC suggested shopping online rather than in person on Black Friday or the days that follow. On Monday (Sept. Amazon confirmed it will have its Prime Day deals on Oct.

Online 168

Online Guidelines National Retail 168

PYMNTS

MAY 11, 2020

As retailers, especially those marked non-essential, move to digital commerce platforms they’re also finding new ways to stay in touch with customers during the pandemic. According to eCommerce automation and analytics platform Yotpo, more than 65 percent of online shoppers are browsing or buying from their mobile devices.

Retail 176

Retail Branding Mobile Analytics 176

PYMNTS

NOVEMBER 17, 2020

He said while many retailers utilize bots for legitimate and useful purposes, this activity unfortunately often provides “bad” bots the cover they need to do their nefarious work, often at increasingly cheap prices for bad actors. Will 2021 Be The Year Of Bot? Before, they were limited to one or two areas. Holiday Bot Battles.

Fraud 163

Fraud Montana Retail System 163

PYMNTS

JANUARY 8, 2021

Amazon has ended one of its first efforts to sell food online, with the eCommerce retailer closing its Prime Pantry service. As noted at the time, a notice posted by the eCommerce retailer on its Prime Pantry page said the service was temporarily closed and that the firm was “busy restocking.”.

Maine 269

Maine Retail Customer Experience Report 269

PYMNTS

DECEMBER 7, 2020

And these stories are not limited to the Nikes and Zaras of the retailing world. lockdown, the digital capacity and online sales for the brewery have saved its business. “I They need to have the agility to kind of cope with the sort of changing conditions, and that’s what we’re seeing in the retail world.

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Retail Tools Management Online 131

PYMNTS

DECEMBER 16, 2020

Cryptocurrency fans, however, argue that now is different — with big investors piling in — as opposed to the retail frenzy of 2017. 20,000 is undoubtedly a momentous milestone for bitcoin,” said Yoni Assia , CEO and co-founder of online investment platform eToro. “We What’s up looking ahead?

Bitcoin 343

Bitcoin cryptocurrency Training Marketing 343

PYMNTS

SEPTEMBER 30, 2020

By 2021, we’re looking already at a cost of $8.6 Beyond that, Mastercard plans to attach an image of the receipt to online statements so customers can click and get a complete view of the transaction to eliminate any remaining uncertainty. All of this confusion leads to a really big chunk of chargebacks,” Gerber said. “By

Cards 220

Cards Online Fraud US 220

PYMNTS

DECEMBER 29, 2020

parent company of luxury online retailer Mytheresa , announced that it's filed a registration statement with the SEC for an initial public offering (IPO), according to a press release. According to reports, Mytheresa is looking at an early 2021 date to go public. MYT Netherlands Parent B.V., A study by Bain and Co.

Company 159

Company Retail Study Online 159

PYMNTS

AUGUST 7, 2020

While the barriers to reaching an international consumer base are low thanks to innovations in eCommerce, online retailers and merchants still struggle to provide their global consumers with the same payments experience their domestic ones have. Visa recently announced a new policy to help shoppers alleviate this pain point.

Policies 302

Policies Online Retail Payments 302

PYMNTS

JANUARY 11, 2021

billion transactions a year from retail POS, eCommerce and self-service terminals.”. Mastercard, in its Mastercard Economics Institute ’s Economy 2021, looks at the past year's economic trends in order to predict what's coming next for businesses. NMI offers “card payment gateways, processing over 1.2

Trends 299

Trends California Maine Groups 299

PYMNTS

NOVEMBER 10, 2020

Retail giant Target is collaborating with Ulta Beauty in a strategic partnership that will bring a shop-in-shop concept to 100 Target locations across the country, the companies announced in a press release on Tuesday (Nov. More than ever before, now is the time for innovation in retail,” said Ulta Beauty CEO Mary Dillon. .

Retail 144

Retail Training Strategy Branding 144

PYMNTS

AUGUST 28, 2019

With technology for cashierless checkout and robotic-powered order fulfillment, automated retail is changing how consumers shop for groceries and how supermarkets fill their eCommerce orders. make online grocery orders for delivery or pickup. consumers who order groceries online for pickup or delivery is 12 percent.

Retail 141

Retail New York City Houston San Francisco 141

PYMNTS

MAY 25, 2020

While it’s clear that the digital shift will stick in the retail ecosystem, other elements of the landscape are harder to predict. The stark fact is that retailers that can stay in business through what is basically a 90-day shutdown have access to a line of credit or receive substantial eCommerce business. Be Like Nike.

Retail 161

Retail Strategy Training Customer Experience 161

PYMNTS

NOVEMBER 16, 2020

The rise comes during a COVID-19-fueled rise in online shopping, JD.ID, the company’s Indonesian online shopping subsidiary, experienced 1,300 percent expansion in year-on-year sales volume during its newest promotional campaign. Japan’s Rakuten Introduces Retail Tool For Digital Transformation.

Payments 230

Payments Retail Online Meeting 230

PYMNTS

SEPTEMBER 17, 2019

The future of retail is playing out in multiple places, not the least of which is the open road. One of the latest examples of that comes from General Motors, which plans to add Google apps capability to its cars in 2021, according to a report. That’s where the connected vehicle ecosystem is being built. Google Play.

Google 171

Google Retail Customer Experience System 171

PYMNTS

OCTOBER 15, 2020

consumers have gone from retail shopping in stores to shopping online since the pandemic began, while 16.6 percent have shifted from grocery shopping in stores to doing so online. percent of them have gone online to order takeout or delivery from restaurants where they used to dine. PYMNTS research shows that 41.9

Data 213

Data Retail Online United States 213