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

NOVEMBER 12, 2020

18T : Predicted value of B2B transactions made via an instant payment in 2025. Data: 2009 : Year in which Singles’ Day, which has typically been a one-day sales event, began. 100 : Minimum number of locations at which “Ulta Beauty at Target” will debut. 64% : Portion of B2B firms that plan to increase their eCommerce investments.

Retail 211

Retail Payments Data Company 211

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

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

FEBRUARY 10, 2020

percent: CAGR of the global interactive kiosk market from 2019 to 2025. Data: 2019: The year Tommy Hilfiger introduced its visual commerce app via desktop and mobile at tommy.com. 2017: The year Target began incorporating Pinterest’s visual search tool. 23.11B : Value of the global interactive kiosk market in 2018.

Retail 184

Retail Tools Data Branding 184

PYMNTS

JANUARY 21, 2020

Don’t look now, but virtual reality and augmented reality are starting to make bigger gains in the retail world. The spread of VR and AR technology is not confined to physical retailers, either — eCommerce giants are getting into the game as well. billion via retail and marketing in 2022. Larger Trends.

Retail 210

Retail Trends Washington Technology 210

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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 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 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

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

PYMNTS

MAY 29, 2019

To bring nutrient-dense meal options into buildings, prepared meal companies are turning to unattended retail. According to the PYMNTS Unattended Retail Tracker , the estimated value of the global intelligent vending machine market is expected to reach $15 billion by 2025.

Retail 108

Retail Austin Texas Marketing 108

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

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

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

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

JANUARY 18, 2021

The integration is slated to give JioMart control of India’s retail market, which is estimated to reach $1.3 trillion by 2025. Reliance Retail will then pose a formidable challenge to Flipkart and Amazon for eCommerce domination in the country. “It The JioMart integration is essentially adding a retail layer for WhatsApp chats.

Retail 141

Retail Video Marketing System 141

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

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

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

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