PYMNTS

DECEMBER 2, 2020

This will not only help retail items be more accessible to more consumers but could help merchants bounce back from what may have been a rocky year in sales due to the pandemic. The Buy Now, Pay Later Tracker® , a PYMNTS and Afterpay collaboration, brings you the latest news and research from the BNPL and retail space.

Retail 194

Retail Millennials Payments Analysis 194

PYMNTS

AUGUST 2, 2018

Retail is undergoing a reinvention with the rise of eCommerce, and merchants are trying new approaches to their brick-and-mortar stores. Overall, retailers such as Nordstrom are changing their models as an increasing amount of retail spend is now being completed away from physical retail stores. Retail spending saw a 1.6

Retail 102

Retail Marketing Los Angeles Online 102

PYMNTS

DECEMBER 18, 2017

That looks to be changing, though, as the car company has announced that it plans to offer more than 10 purely battery-powered vehicles from 2020 on — with every car it sells available in an electric or hybrid model by 2025, TechCrunch reported Monday.

Industry 118

Industry Company Technology Marketing 118

PYMNTS

JULY 22, 2020

Goldman Sachs also noted that eCommerce penetration rose to more than 40 percent in May from 16 percent of retail spending domestically in the first quarter of 2019. Goldman Sachs also noted that eCommerce penetration rose to more than 40 percent in May from 16 percent of retail spending domestically in the first quarter of 2019.

United States 260

United States Retail Maine Online 260

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. 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

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

NOVEMBER 16, 2020

6.2B : Minimum number of digital ID apps expected to be in use by 2025. . $31.9M : Net income that Dillard’s posted for Q3. 17.37B : Amount that brands are projected to spend on advertising on eCommerce sites and apps this year.

Technology 156

Technology Retail Data Trends 156

PYMNTS

MARCH 24, 2017

A new study from Oracle revealed that consumers are more willing to engage with brands that offer new retail technology if they are able to exert control over their experience. This signals brands to focus on building a strong foundation to win trust.

Retail 101

Retail Technology Study Branding 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

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

JULY 1, 2020

billion non-cash goodwill charge before tax, as the retailer’s long-haul forecast and market capitalization shifted, mainly due to the coronavirus health crisis. The department store retailer also recognized an $80 million long-lived asset impairment charge, according to a first-quarter financial results announcement. Macy’s Inc.

Taxes 232

Taxes Retail Maine Regional 232

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

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

JULY 12, 2019

And, in retail, sellers of health and beauty products are very prepared to embrace innovation in comparison to healthcare service providers. 35 B: Expected value of the global call center software market by 2025. 35 B: Expected value of the global call center software market by 2025. All This, Today In Data.

Customer Experience 190

Customer Experience Data Comparison Innovation 190

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. The new week saw COST open down from last week, with prices Monday morning hovering below Friday’s close. percent to $162.93.

social media 100

social media Online Atlanta Marketing 100

PYMNTS

FEBRUARY 4, 2020

Japan foresees a shortfall of 380,000 workers by 2025 in just the healthcare sector alone. The news comes as news surfaced last year that Uniqlo is undertaking a $917 million upgrade that will ultimately make it the most automated retailer in the world, with a logistics support staff that will be approximately 90 percent robotic.

Retail 131

Retail Operations Software Branding 131

PYMNTS

DECEMBER 17, 2019

25B: Minimum number of devices that will be capable of interacting with the internet by 2025. . $341: Average worldwide cost of a smartphone today. 30 percent: Minimum share of consumers who report owning a voice-activated speaker. 5.1B: Number of people in the world who have a smartphone.

Trends 135

Trends Retail Payments Data 135

PYMNTS

JULY 2, 2020

As it starts to consider the holiday season in the age of social distancing, Macy’s Chairman and CEO Jeff Gennette noted on a recent call with analysts that the retailer is mulling all of its available options for Black Friday. The retailer also recognized a long-lived asset impairment charge of $80 million, per its Q1 financial results.

Retail 211

Retail Taxes Security Marketing 211

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

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.”. 7) press release.

Digital Banking 159

Digital Banking Retail Operations Groups 159

PYMNTS

JUNE 12, 2019

And, in retail, firms from automakers to merchants are tapping into connected commerce technology. 59 billion: Estimated value of the global biometrics market by 2025. 13 billion: Projected value of the identity verification market by 2025. . $59 59 billion: Estimated value of the global biometrics market by 2025.

Security 148

Security Millennials Data Retail 148

PYMNTS

MARCH 28, 2019

Digital meeting places, you might call them – bringing buyers and sellers together across any number of verticals, from eCommerce tied to retail to gig economy matchups that get projects done. Data: $335 billion: Estimated size of the global sharing economy by 2025. Underpinning it all? The glue boils down to one word: trust.

Policies 140

Policies Meeting Data Marketing 140

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

SEPTEMBER 18, 2020

Government-mandated social distancing and stay-at-home orders have slowed in-person retail sales in many regions and mass layoffs have hindered consumers’ purchasing power. Brick-and-mortar retail stores may be suffering from lack of business, but the subscription commerce industry’s revenue remains strong thus far.

Retail 257

Retail Study Industry Training 257

PYMNTS

OCTOBER 7, 2016

The report predicted that, by 2025, that number will have climbed to 9 percent of overall sales for a total of $150 billion. With new entrants, such as Amazon, expanding rapidly, the industry is facing a shakeup,” Stéphane Roger, global shopper and retail director at Kantar Worldpanel, said in a statement. In the U.S. In the U.S.,

Online 181

Online Retail Study Marketing 181

PYMNTS

NOVEMBER 28, 2018

The moves comes as the Japanese government has set a goal to increase cashless payments to 40 percent by 2025. “We As a result, InComm Japan’s POSA network, which connects with more than 50,000 retail stores in the country, will facilitate customer purchases at the point of sale using WeChat Pay-issued barcodes.

Payments 211

Payments Mobile Regional Retail 211

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

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. Believe it or not, old-fashioned coupons remain a viable method to reach retail consumers.

Retail 126

Retail social media Examples Marketing 126

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., Google and Temasek Holdings Pte.

Study 186

Study Lending Google Online 186

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

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.

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. The retailers it chooses to work with (currently numbered at around 100) are vetted by the company before being added to the roster. The key is flexibility between Shipt and the retailer. What else are they ordering?

Retail 199

Retail US Strategy Company 199

PYMNTS

APRIL 15, 2020

COVID-19 could also mark the true rise of robots in retail, with new use cases recently coming to the surface. 80% : Portion of deliveries that will be made by autonomous vehicles by 2025. All this, Today in Data. Data: 85% : Share of Americans who favor robots and computers doing jobs that are dangerous or unhealthy for humans.

Online 142

Online Data Retail Payments 142

PYMNTS

APRIL 8, 2016

Ever since the rise of urban foodie culture in the mid-2000s, there have been isolated contingents of shoppers demanding that their chosen grocery retailers shift to a more conscientious manner of sourcing their products. This has remained something of a niche movement until recently, and Walmart just pushed it into the mainstream for good.

Retail 100

Retail Groups Innovation 100

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