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

BankInovation

OCTOBER 18, 2023

Citizens Bank reiterated its commitment to migrating all operations to the cloud by 2025 to create a modern banking platform during today’s third-quarter earnings presentation. “On the technology front, we have a very extensive agenda with a multi-year next-gen tech cloud migration targeting the exit of all of our data centers by 2025,” Chief […] (..)

Operations 74

Operations Data Technology Retail 74

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. ,

Google 264

Google Regional Retail Groups 264

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

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

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

APRIL 14, 2020

COVID-19 could mark the true rise of the robots in retail. After seeing an initial crash due to unprecedented demand when the COVID-19 crisis hit, the retailer is now using robots to pick and pack customer orders. consumers showed a negative stance toward robots at retail, but it will be interesting to see if that changes post-COVID.

San Francisco 278

San Francisco Retail Examples Mobile 278

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

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

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

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

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

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

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

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

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

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

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

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 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 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 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

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

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

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

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

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

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

PYMNTS

JUNE 18, 2019

needs to hire by 2025. 32 percent: Portion of digital platforms that consider false positives as operational pain points. million: Number of healthcare workers U.S. percent: Share of digital platforms that consider their fraud detection “extremely effective”.

How To 108

How To Fraud Data Operations 108

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

FEBRUARY 1, 2018

Retail shops still operate in the 80s.”. Farfetch is unique in that it is a platform, not a retailer, so it keeps no inventory. They have kind of rewritten the retail model,” said Katie Smith, senior fashion and retail analyst at EDITED, who has closely studied the boutique-based platform at Farfetch.

Mobile 100

Mobile Retail Branding Study 100

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

JULY 28, 2019

Supermarket giant Kroger and online grocery retailer Ocado are joining forces to build the second of 20 planned automated warehouse facilities. The $55 million center, expected to become operational in 2021, will measure up to 375,000 square feet and is expected to generate up to 400 new jobs.

Florida 129

Florida Customer Experience Mobile Cards 129

PYMNTS

SEPTEMBER 11, 2019

CBD has in short order become something of a retail fad. Short for cannabidiol, CBD is a chemical derived from cannabis plants that is increasingly favored for a whole host of medical and wellness related applications across the retail spectrum. CBD alone is forecast to be worth $16 billion by the year 2025. Probably not.

Marketing 124

Marketing US Branding Retail 124

PYMNTS

AUGUST 29, 2018

Morgan Stanley has an overweight rating on Amazon and noted the eCommerce giant has been able to surpass the high end of its operating profit forecasts by an average of 60 percent in each of the last three quarters. By 2025, Sanderson thinks Amazon will be in control of 14.5 percent of the retail market in the U.S,

Operations 100

Operations Marketing Capital Retail 100

PYMNTS

JULY 31, 2019

z will operate Perfect Snacks as a separate business to nurture its culture and spirit, according to Van de Put. And the company is moving to 100 percent recyclable packaging by 2025. Van de Put noted that the company is excited about the brand because its products have great well-being credentials.

Branding 116

Branding Strategy Conference Company 116

PYMNTS

JANUARY 19, 2021

Digital identity is anticipated to generate $8 billion for mobile network operators by 2025, up from $1.3 As is the case in banking, retail and virtually every other sector, certain aspects of the new COVID-era hiring makes people uneasy. billion in 2020 alone.”. Digital A Lifesaver For HR Pros.

Fraud 151

Fraud Survey Video Mobile 151