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 Google and Temasek Holdings Private Ltd. , s Vision Fund has also met with Facebook Inc. Microsoft Corp. and Amazon.com Inc. , the sources said.

Google 264

Google Regional Retail Groups 264

PYMNTS

JULY 23, 2020

The Thread Shop, which is a music merchandising company from Sony Music Entertainment, provides a number of retail and licensing options via eCommerce, merch tables on music tours, brand tie-ups, tailored designs and events as well as pop-ups. 5G technology is set to compose 15 percent of global mobile connections by 2025 per GSMA.

Online 161

Online Retail Branding Groups 161

PYMNTS

DECEMBER 17, 2020

Fashion retailer rue21 (r21 Holdings, Inc.) The retailer modified its asset-based credit facility to bolster availability to $155 million due 2025 headed up by Bank of America, N.A. The retailer also opened three new physical retail shops, with another 15 in the works for 2021. million members.

Retail 141

Retail Pennsylvania America Capital 141

PYMNTS

APRIL 14, 2020

COVID-19 could mark the true rise of the robots in retail. As an example, Ocado, Britain’s leading online grocer, has had to stress-test an experimental program to automate its warehouses. Autonomous service and delivery robots are poised to better serve – and possibly save – retailers,” noted a report in Robotics Business Review.

San Francisco 278

San Francisco Retail Examples Mobile 278

PYMNTS

MAY 8, 2020

consumers more frugal, but other individuals are still turning to retail therapy to cope with stresses. Online gambling or gaming is one possible outlet, and the sector may even make it through the pandemic with less financial damage than other industries. billion by 2025, according to one study. Online Gambling Changes .

Online 176

Online Industry New Jersey Pennsylvania 176

PYMNTS

MAY 19, 2020

CEO Michelle Gass said in a Tuesday (May 19) first-quarter earnings call with analysts that the retailer amplified its digital marketing efforts and revised its online site content. The retail executive said home was the most formidable category, with digital sales rocketing over 50 percent for the quarter. billion and $1.75.

Retail 235

Retail Report National Capital 235

PYMNTS

AUGUST 22, 2018

The online marketplace has disrupted any number of verticals, changing the way we shop and spend, and where we grab must-have items — from books to rugs to lamps, and sometimes from across international borders. We operate the only truly global luxury digital marketplace at scale, seamlessly connecting brands, retailers and consumers.

Online 101

Online Retail Branding Data 101

Independent Banker

OCTOBER 31, 2022

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that.

Banking Trends 151

Banking Trends Retail Trends Community Bank 151

PYMNTS

OCTOBER 22, 2020

Online clothing retailer ThredUP has filed confidentially for an initial public offering (IPO) in the U.S., Another used clothing retailer, Poshmark , also recently filed for IPO, after delaying that move for around a year to focus on growing sales and boosting its business. Bloomberg reports.

Oakland 222

Oakland California Retail Strategy 222

PYMNTS

NOVEMBER 26, 2019

The retailer reduced its sales as well as profit targets in August, noting the impact of U.S. In separate news, Best Buy said it was looking for revenue of $50 billion by fiscal 2025 ahead of its investor meeting per news earlier this year. Its comp sales increased 1.7 tariffs on goods made in China. billion to $43.6

Report 151

Report Online United States Retail 151

PYMNTS

JANUARY 31, 2017

Ahold Delhaize (AD) — the food retail group that owns Food Lion, Hannaford and Stop & Shop, among others in the U.S. He replaced Tamara Pattison, said Internet Retailer , who left Albertsons in June 2016. While online sales make up a small fraction of the total market in the U.S., By the afternoon, Costco was up 0.54

social media 100

social media Online Atlanta Marketing 100

Bank Innovation

OCTOBER 31, 2019

Digital financial services from lending to asset management are expected to generate at least $38 billion of annual revenue across Southeast Asia by 2025, more than tripling from $11 billion in 2019, according to a new study by Bain & Co., Online lending will comprise about half that total for […].

Study 186

Study Lending Google Online 186

PYMNTS

JUNE 12, 2019

Phone numbers, email addresses, usernames and other online signifiers have become essential to verification as the world becomes more connected. And, in retail, firms from automakers to merchants are tapping into connected commerce technology. . $59 59 billion: Estimated value of the global biometrics market by 2025.

Security 148

Security Millennials Data Retail 148

PYMNTS

DECEMBER 7, 2020

Societe Generale (SocGen) and Credit du Nord , both based in Paris, have approved a plan to merge their retail banking operations, the banks said in a Monday (Dec. In addition, SocGen said, the plan is to beef up Boursorama, a retail digital banking operation catering to individuals. million in 2025.”. million in 2025.”.

Digital Banking 159

Digital Banking Retail Operations Groups 159

PYMNTS

MARCH 17, 2020

retail economy is unprecedented. What are some of the retailing changes that could last beyond the end of the coronavirus crisis? Contactless payments, however, will fit nicely into what will be a need to have low-touch or no-touch retailing experiences. The partial shutdown of the U.S. So what sticks? They want convenience.

Retail 134

Retail Seattle Comparison Trends 134

PYMNTS

AUGUST 14, 2020

As the coronavirus has led to greater popularity of eCommerce deliveries, Jumia Technologies AG is encountering new rivalry from upstarts in the online shopping and transportation space in Africa. However, COVID-19 assisted in powering an increase in market value this year, with a recent 30 percent drop in shares following Q2 earnings.

Regional 253

Regional Online Innovation Marketing 253

PYMNTS

JANUARY 29, 2018

Online grocery sales are a booming business, with the eCommerce segment expected to make up 20 percent of all grocery sales by 2025. Retailers can take advantage of other social media platforms too, such as Snapchat. From the app, consumers can “clip” coupons that, in some cases, are the same ones found in the local newspaper.

Retail 126

Retail social media Examples Marketing 126

PYMNTS

MARCH 12, 2018

Artificial intelligence (AI) is making itself right at home in the retail industry. In 2016, AI in the retail market totaled $712.6 By 2025 — less than a decade later — it’s projected to reach $27,238.6 million — a 38-fold increase — according to a February 2018 report by The Insight Partners. Why such an astronomical increase?

Customer Experience 144

Customer Experience Retail Analytics Technology 144

PYMNTS

NOVEMBER 8, 2016

So where to next for the omnichannel retail giant? So while online retail accounts for about 5 percent of Southeast Asian commerce today, the region’s internet economy is poised to grow tremendously by 2025, with a projected annual worth of over $200 billion. But Amazon isn’t waiting until 2025, or even 2020.

Regional 148

Regional New York City National Google 148

PYMNTS

OCTOBER 8, 2019

Basketball is one of the most popular sports – if not the most popular sport – in China, but there’s a little less NBA available today for online shoppers in that country, according to reports. The two sides just announced an extension of their deal to the 2024-2025 season that’s reportedly worth $1.5 China’s Commerce Push.

Retail 116

Retail Houston Online Leadership 116

PYMNTS

JANUARY 9, 2019

Retailers raked in more than $850 billion during the 2018 holiday season, marking the fastest holiday retail sales growth seen in the past six years. Luxury retailers have been slower to move online than some other retailers, but the impact of online sales in this industry can already be seen.

Fraud 109

Fraud Retail Security Online 109

PYMNTS

JULY 30, 2020

Pre-pandemic, the company projected that online grocery delivery would hit around $20 billion around 2025. She pointed to other data to support that growth, including last year’s estimate of 13 percent of all shoppers trying online grocery. The key is flexibility between Shipt and the retailer.

Retail 199

Retail US Strategy Company 199

PYMNTS

OCTOBER 5, 2020

Using digital-first channels to shop for retail products and order food from restaurants using aggregators is two to two-and-a-half times better than consumers reported just three months earlier, at the end of May. The same goes for retailers. The national study PYMNTS fielded to 2,157 adult consumers between Sept. 10 and Sept.

Study 306

Study Retail Maine Report 306

PYMNTS

OCTOBER 28, 2020

This state of affairs is forcing not only retailers but also their own business partners to reassess the digital capabilities they quickly adopted in spring, with many beginning to question the implications of these capabilities on their long-term sustainability and growth potential. percent until 2025, when it is poised to reach $42.9

Payments 257

Payments Report Operations United States 257

PYMNTS

OCTOBER 27, 2017

Volkswagen has launched an online platform for used car sales, Reuters reports. The company intends to double its portfolio of credit, leasing and insurance contracts by 2025, which would be 30 million units, according to the report. Back in February , Volkswagen also began its efforts to push online car sales in Denmark.

Online 106

Online Report Branding Groups 106

PYMNTS

JULY 9, 2019

Those three words strike at the heart of identity, and mean so very much when it comes to the efficient operation of the global digital economy and its continuing growth, whether via retail, payments, financial services, healthcare or other areas. ID Data Points. Everything is moving toward digital.”.

Security 191

Security Online Fraud Samsung 191

PYMNTS

DECEMBER 3, 2018

Excuse the homespun wisdom, but offering weak authentication defenses in the face of those determined young consumers can bring down heavy fines and unwanted attention, and threaten a growing retail or online business. billion by 2025, experiencing a compound annual growth rate (CAGR) of nearly 24 percent. Store Training.

Online 177

Online Training Security Data 177

PYMNTS

DECEMBER 26, 2019

Lotte, a South Korean conglomerate, is shutting down its Vietnamese online marketplace, lotte.vn, which allows merchants to connect with buyers, according to Deal Street Asia. The move is indicative of the trend toward “new retail,” which is the blending of eCommerce and traditional retail.

Retail 130

Retail Groups Maine Google 130

PYMNTS

JUNE 22, 2020

The ABL facility, which takes the place of the retailer’s existing unsecured revolving credit facility, expires in June of 2023, according to a statement. The retailer said it has put measures into place to make its financial position and liquidity more formidable amid the challenge of the coronavirus pandemic. billion credit facility.

Retail 141

Retail Capital Security Meeting 141

PYMNTS

MARCH 22, 2019

Speed also plays a role in authentication — especially in the wake of a new regulatory crackdown against a growing part of retail — and kiosks are helping to meet consumers’ need for instant gratification. billion: Estimated size of the eCigarette market by 2025. billion: Estimated size of the eCigarette market by 2025.

Payments 115

Payments Software Meeting Innovation 115

PYMNTS

MARCH 25, 2019

While that happens, the payments industry is upping its game against counterfeit goods sold online. 534 billion: Projected value of the IoT healthcare market by 2025. As the U.S. federal government tries to stem fraud and other losses in benefit programs, a new mobile app might just provide a way to do that.

Innovation 148

Innovation Fraud Regulation Data 148

PYMNTS

MAY 13, 2020

As of January of this year , Africa’s smartphone and internet penetration rates were forecast to be well north of 50 percent by 2025 and growing, pushed by the tailwinds fostering digitization globally. What she said she does believe will be visible is a shift familiar to many Western consumers already: experiential retail.

Payments 240

Payments Tools Meeting National 240

PYMNTS

DECEMBER 14, 2018

Online and mobile food sales are projected to have a 13 percent annual growth rate in 2018, with digital supermarket sales projected to reach $100 billion by 2025. Currently, Instacart operates in an estimated 4,000 cites and works with some 300 retailers. Instacart Growth. billion in capital. households. Amazon Advantage.

Retail 197

Retail Millennials Capital Operations 197

PYMNTS

SEPTEMBER 27, 2019

Brick-and-mortar retailers are expanding their efforts to provide customers with health and wellness services while taking steps to train their employees for healthcare roles. said in the announcement about the offering, “Walmart aims to be the market leader in providing retail workers a path to careers in growing fields like healthcare.

Branding 101

Branding Retail North Carolina Georgia 101

PYMNTS

NOVEMBER 4, 2020

Online gambling is one alternative customers have enjoyed, which could see a value of $102.9 billion by 2025. With the pandemic, which resulted in layoffs and U.S. consumers saving whatever money they had, the future of gambling didn't look bright.

South Dakota 193

South Dakota Las Vegas District of Columbia Nebraska 193

PYMNTS

OCTOBER 26, 2018

As shopping of all kinds is moving online, the growth of digital payments is, unsurprisingly, following along. 100 billion: Estimated projected value of online grocery by 2025. trillion: Value of Visa’s Q4 total payments volume. 350: Average costs of around 2,000 credentials purchased off the dark web. 25 percent: Share of U.K.

Training 135

Training Data Payments Online 135

PYMNTS

OCTOBER 5, 2018

That said, the most noteworthy uses of 5G, at least early on, might be far from the direct realm of retail and payments, and involve industrial uses such as better communication among factory robots, or more efficient logistics at container ports. A major 5G trial involving container ships is underway in Hamburg, in fact. “By

Mobile 194

Mobile Retail Data Payments 194