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.”.

Digital Banking 159

Digital Banking Retail Operations Groups 159

PYMNTS

FEBRUARY 20, 2019

Worldwide legal cannabis products represented a $55 billion market in 2018, and most analysts estimate that it will have nearly tripled to reach $147 billion by 2025. By 2025, estimates put it in the $15 billion range. Here in the U.S., the domestic market for legal cannabis in 2018 was $9.1

Retail 136

Retail District of Columbia San Francisco Denver 136

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

SEPTEMBER 26, 2019

Ahead of its investors meeting, Best Buy said it is looking for revenue of $50 billion by fiscal 2025. The electronics retailer also intends to have $1 billion of additional efficiencies as well as cost reductions over the next five years, while still aiming for revenue of $43.1 billion to $43.6

Meeting 101

Meeting Strategy Retail Technology 101

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. — Whole Foods recently announced its latest move to cut costs and streamline its business operations in the wake of comparable sales declines. By the afternoon, Costco was up 0.54 percent to $162.93.

social media 100

social media Online Atlanta Marketing 100

PYMNTS

NOVEMBER 15, 2019

Cashless payments firm USA Technologies (USAT) is expanding its partnership with amusement kiosk operator National Entertainment Network (NEN) to bring expanded cashless payment options to more vending machines and devices, the companies announced in a press release on Friday (Nov. and Puerto Rico.

Puerto Rico 152

Puerto Rico Payments Colorado Florida 152

PYMNTS

FEBRUARY 25, 2020

These three main segments of the Fleet Solution are said to provide better control over operations and increased protection against fraud. Shell employs 8,500 people in India and retails fuel in six states. . percent by 2025. percent by 2025. The global smart fleet management industry was valued at $290.9

Cards 159

Cards Fraud Operations Management 159

PYMNTS

OCTOBER 8, 2019

The two sides just announced an extension of their deal to the 2024-2025 season that’s reportedly worth $1.5 These moves come amid a push by China to encourage more cross-border commerce and retail. Earlier this month, Alibaba announced a deal to buy NetEase’s cross-border retail platform Kaola for $2 billion. Alibaba Changes.

Retail 116

Retail Houston Online Leadership 116

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

APRIL 2, 2020

Financial institutions (FIs) face a perennial challenge in their day-to-day operations — convincing customers to use their products and services rather than a competitor’s. billion by 2025, with banks of all sizes leveraging such capabilities. This issue is present in almost every industry, as the $70.3

Analytics 237

Analytics Data Big Data social media 237

PYMNTS

FEBRUARY 29, 2016

Recent data indicate that in the not-so-distant future, the retail marketplace will be employing far, far fewer people — if you live in the U.K. As of right now, retail employs about one-sixth of retail workers — or around 3 million people. These are the valleys to cross and the path through them needs to be charted with care.”.

Retail 100

Retail National Industry Survey 100

PYMNTS

JULY 30, 2020

In fact, Shipt is four or five years ahead of plan, as Chief Operating Officer Bridget Fruit told PYMNTS CEO Karen Webster. Pre-pandemic, the company projected that online grocery delivery would hit around $20 billion around 2025. The key is flexibility between Shipt and the retailer. From the company’s end, it’s curated.

Retail 199

Retail US Strategy Company 199

PYMNTS

JANUARY 18, 2021

Grab Financial Group offers payments and financial services including lending, insurance and retail wealth management throughout Southeast Asia. In its Series A funding announcement , Grab said it expects the group to reach its revenue potential of $60 billion by 2025.

Fintech 198

Fintech US Groups Management 198

PYMNTS

AUGUST 29, 2019

The global market for smart vending technology is on track to reach $15 billion by 2025 as a growing share of office and workplace facilities seek upgraded vending machine experiences. These unattended smart retail stations can offer more than typical sugary snacks and sodas, however.

Retail 108

Retail San Francisco Cards Management 108

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 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

DECEMBER 26, 2019

In an email to merchants, the company said the reason is a change in retail strategy, and the site will merge with SpeedLvn, which retails products sold at Lotte’s physical stores. 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

DECEMBER 14, 2018

That wasn’t perhaps the most surprising news, given how Amazon keeps taking control of more logistical and delivery operations — an effort that many observers expect will eventually include the eCommerce operator competing head-to-head with UPS and FedEx. That’s one take on the news Thursday (Dec. Instacart Growth. billion in capital.

Retail 197

Retail Millennials Capital Operations 197

PYMNTS

JANUARY 14, 2021

market for food and parcel, delivery and reverse logistics to exceed by 2025. 60% : Minimum share of Main Street firms that have at least three channels operating to drive sales. . $850B : Amount GM expects the U.S. 250 : Maximum number of miles GM said the zero-emission EV600 will be able to travel on a single charge.

Maine 150

Maine Software Data Operations 150

PYMNTS

MAY 20, 2019

Kiosks are increasingly becoming part of the retail landscape. As reported in the latest Unattended Retail Tracker , done in partnership between PYMNTS and WorldNet Payments, unattended retail is gaining traction worldwide, on the heels of growth in consumer demand and as employers look to increase their operating profits.

San Francisco 170

San Francisco Retail Philadelphia Cards 170

PYMNTS

AUGUST 22, 2018

We operate the only truly global luxury digital marketplace at scale, seamlessly connecting brands, retailers and consumers. In citing some stats, the company said that the global market for luxury goods stood at $307 billion last year and should reach as much as $446 billion by 2025, per Bain. Within that, how much is online?

Online 101

Online Retail Branding Data 101

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

JULY 7, 2020

and European automobile “sales” by 2025. ” He continued: “Through Pivotal and our network of retail partners, even more drivers can get behind the wheel of a Jaguar or Land Rover, and we’re excited to see how this new initiative fits in a post-pandemic world where personal transport will undoubtedly be in more demand.”

Management 191

Management Branding Innovation Retail 191

PYMNTS

AUGUST 19, 2020

Consumers are accustomed to using digital payment methods to make retail purchases. Virtual cards are emerging as one of many digital payments solutions gaining traction in this digital-first ecosystem, with studies suggesting that the global virtual card market could triple in size by 2025.

Cards 233

Cards United States Exercises System 233

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

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. Everything is moving toward digital.”.

Security 191

Security Online Fraud Samsung 191

PYMNTS

JANUARY 24, 2020

Pine Labs, which started as a retail payment provider about 10 years ago, has grown into a payment acceptance, stored value and in-store customer credit company. It’s operational in the Middle East, Southeast Asia and India. billion by 2025. billion in 2021, and $52.5

Payments 152

Payments Innovation Study Meeting 152

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. That’s the position of mobile operator O2 , among others. “5G

Mobile 194

Mobile Retail Data Payments 194

PYMNTS

SEPTEMBER 8, 2020

The migration away from brick-and-mortar retail toward eCommerce is pressuring retailers to modify their payments operations, but building the in-house infrastructure to support those systems from the ground up can be prohibitively expensive and drain businesses’ time and resources,” according to the new Payments Orchestration Playbook.

Payments 146

Payments System Operations Analytics 146

PYMNTS

AUGUST 23, 2018

On top of margins improving at Amazon Web Services, the analyst said the company’s fulfillment operations should have better profitability, and that Amazon’s fresh food delivery service should increase as well. By 2025, Sanderson thinks Amazon will be in control of 14.5 percent of the retail market in the U.S,

Marketing 100

Marketing Apple Operations Retail 100

PYMNTS

JULY 7, 2020

With a population of nearly 270 million, Indonesia is in the midst of a boom in its digital economy, which is expected to reach $130 billion by 2025, according to a study by Google, Temasek Holdings and Bain & Co. The country’s total budget for 2020 is $177.6 A Netflix spokesman said the company would comply. “It

Taxes 141

Taxes Google Seattle National 141

BankInovation

FEBRUARY 22, 2022

HSBC plans to boost its technology spend to 21% of its operating expenses by 2025 as the bank experiences increased digital usage across its banking channels.

Operations 95

Operations Groups Technology Digital Banking 95

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

APRIL 11, 2019

For those plans to succeed, however, a robust system of digital ID is necessary, lest regulators and parents decide such a retail activity is unsafe for children, and take steps to pull it back. Cheaper deliveries and adults who cook less than previous generations are among the main factors behind that growth. reached $1.7 Biometrics Role.

Online 169

Online Retail Regulation Maine 169

PYMNTS

MARCH 21, 2019

billion by 2025, experiencing a compound annual growth rate (CAGR) of nearly 24 percent, according to one report. That will also work in favor of companies such as Jumio: The FDA said retail sites selling those flavored products must use third-party authentication services to prevent sales to underaged consumers. Regulatory Trend.

Online 152

Online Retail Regulation Trends 152

South State Correspondent

JULY 18, 2024

Last week’s announcement that Target, one of the nation’s largest retailers, will not take personal checks past July 15 th has made bankers take notice. Target joins Whole Foods, Aldi, and Lululemon as major retailers that have found that checks eat up too much margin.

Fraud 195

Fraud Payments social media Operations 195

PYMNTS

AUGUST 17, 2018

With India expected to be a $1 trillion digital economy by 2025, online retailers all want a piece of the action. based retailers to get a stronghold in India. While Amazon and Walmart are competing for eCommerce dominance in India, they might be overlooking a key rival in the country: Mukesh Ambani, the country’s richest man.

social media 101

social media Policies Retail Online 101