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AI Takes The Measure Of Fashion Retailing

PYMNTS

That has led to the growing need for designers and retailers to personalize shopping experiences, and that’s the sweet spot for AI. percent clip from 2020 to 2026. For retailers the concept of taxonomy — naming and classifying items — has been transformed by AI. Fast fashion retailer H&M uses A.I.

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Malls Close Vacancy Gap With 1700+ Online Retailers

PYMNTS

Malls are going to become more exciting as some of the old retail guard clears out, and the new guard moves in.”. Brick-and-mortar retail isn’t dying, it’s evolving,” said Sharon Lim, CEO of Browzwear , an apparel designer firm headquartered in Singapore. UBS also reported in April that online shopping by the average U.S.

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Is This The End Times For Brick-And-Mortar Retail?

PYMNTS

Retail apocalypse? Whatever you want to call the decline of brick-and-mortar retail – and it’s getting worse, according to a few recent reports – it’s not good. merchants this year already have said they will shutter nearly 6,000 physical retail locations – that’s more than the nearly 5,900 closings for the entire year of 2018.

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UBS to complete Credit Suisse integration by 2026

BankInovation

UBS continues to integrate Credit Suisse into its operations, dealing with high general and administrative costs related to the acquisition.

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UPI transactions to account for 90% of retail payments by 2026-2027

The Paypers

PwC India has released a report which highlights that UPI is projected to dominate retail digital payments in India, accounting for 90% of transactions until 2027.

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Fifth Avenue Vacancies Reflect Uptick In Retail Closures

PYMNTS

As retailers shutter locations from the heartland to big cities, the latest update on the state of retail from New York’s storied Fifth Avenue says that rents are falling and vacancies are rising – showing that even a flagship address can’t escape the realities of modern-day commerce. We’re in the middle of a multi-year retail purge.

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Can Real Estate Provide A Lifeline for Physical Retail?

PYMNTS

Might Macy’s be a better landlord than retailer? have been hurt as shoppers make more purchases online, forcing retailers to think of ways to either downsize their footprints or repurpose their stores. The year got off to a bumpy start for the retail chain, as holiday sales slumped when they were supposed to soar. Macy’s Woes.

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