PYMNTS

DECEMBER 28, 2020

Discount supermarket retailer Save A Lot unveiled the sale of 51 retail locations run by the company in the Tampa, Florida market to existing Save A Lot Retail Partner licensee Fresh Encounter. The latter company will keep running the retail locations with the Save A Lot name, according to a Monday (Dec.

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PYMNTS

NOVEMBER 3, 2020

These are the top stories in retail for Tuesday (Nov. The automotive market is surging during the pandemic, and companies like Carvana are reaping the benefits. The company reported a stellar third quarter as used cars and contactless delivery are driving the market.

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PYMNTS

DECEMBER 24, 2020

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. These are companies like Adore Me (lingerie), Green Goo (personal care), Shift (used cars) and Misfits Market (produce). The numbers speak for themselves.

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Retail Branding Minneapolis Trends 295

PYMNTS

JANUARY 18, 2021

Every year for the last 110 years , members of the retail trade group, known as the National Retail Federation (NRF), have assembled to discuss the slate of issues pertinent to its members. COVID-19, of course, didn’t cause physical retail’s steep decline — it just accelerated it. Retail is now about logistics and the last mile.

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Retail Online Maine Branding 309

PYMNTS

MAY 13, 2019

In the unattended retail space, vending operators are also becoming more aware of the shifting behaviors of their shoppers and the need for swift and digital payment options. From Reis & Irvy’s to Vengo , merchants and technology companies are reinventing the world of vending technology through smart devices.

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PYMNTS

MARCH 2, 2020

s most high-profile retailers is doing well in the U.S. and another one is ready to open, both of them seeking a new market as their home turf sees retail struggles. s fastest growing brick-and-mortar retailer, Wren Kitchens. And also in training our retail staff to offer the customer a fantastic service.”.

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Retail Marketing US Connecticut 132

PYMNTS

MARCH 13, 2020

After it was forced to shutter its retail locations in China because of the spread of COVID-19, Apple Inc. The closures were one of the main reasons the tech company cited for removing its March quarter sales outlook, Bloomberg reported. China is the third-largest market for the tech company.

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Apple Operations Retail Maine 265

PYMNTS

NOVEMBER 16, 2020

When he first came up with the idea for an eCommerce technology company, Co-founder and CEO Finbarr Taylor was in the process of plowing through this story of medieval Japan. He needed a name for the company and liked the book. It will be used to scale their platform and build out sales and marketing, executive and engineering teams.

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Retail Regional Branding Tools 226

PYMNTS

OCTOBER 28, 2020

In the top retail news for today: Paidy has launched 3-Pay in Japan for customers to buy now and pay later, Thrive Market has been designated as a B-corporation, and Amazon is advancing its presence in Sweden with a new eCommerce site and a clean energy grid to support the tech giant’s data centers. On Wednesday (Oct.

Marketing 162

Marketing Retail Data Security 162

PYMNTS

NOVEMBER 16, 2020

Rakuten , a Japanese tech company specializing in digital eCommerce solutions for retailers, is introducing a new subsidiary to bolster physical stores. Tentatively called Rakuten DX, the new unit will launch schemes for digital transformation at retailers’ physical shops, Rakuten said in a statement on Monday (Nov.

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Retail Tools Online Meeting 217

Bank Innovation

FEBRUARY 20, 2020

for $13 billion, pushing further into the retail market in the biggest acquisition by a Wall Street firm since the financial crisis. trillion, the companies said Thursday in a statement. Morgan Stanley agreed to buy discount brokerage E*Trade Financial Corp. Morgan […].

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Retail Marketing Company 243

PYMNTS

JANUARY 11, 2021

retail rents falling in many locales by percentages even greater than those seen in or after the 2007-08 Great Recession. These decreases are historic,” the Real Estate Board of New York wrote in a new report showing that average Manhattan retail asking rents fell in all of the island’s 17 retail corridors during autumn.

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Los Angeles Retail San Diego San Francisco 207

PYMNTS

APRIL 21, 2020

The retail bankruptcy watch intensified Tuesday (April 21) as the department store sector was hit by reports of yet another major player looking at that option. Lord & Taylor, now joining Neiman Marcus, is considering a bankruptcy filing as the COVID-19 lockdown continues to decimate non-essential retail. billion in sales.

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Retail Dallas Washington National 220

PYMNTS

JUNE 26, 2020

Iain McNicoll , VP of Americas/SMB for payments platform Payoneer , recently told PYMNTS that eCommerce’s market share has risen to 27 percent from just 16 percent when the pandemic began. McNicoll said the quick gains aren’t surprising, as physical retail stores essentially closed down worldwide for months. The Rebuilding Project.

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Retail Online Capital ATM 318

PYMNTS

AUGUST 21, 2019

In the case of a no-deal Brexit, an “explosion” in grey market goods could occur per a U.K. retail expert. The term “grey market” references legitimate items sold through legal but unauthorized sellers; by contrast, a “black market” describes counterfeit products or illegally traded scarce goods, CNBC reported.

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Marketing Retail Branding National 123

PYMNTS

SEPTEMBER 21, 2020

retailers during the holiday shopping season, the Financial Times (FT) reported. The shortages come from an unexpected surge of customer demand, which took retailers by surprise after they had cut orders for new merchandise in the spring as countrywide lockdowns were starting and the job market was bottoming out. in the spring.

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PYMNTS

JUNE 23, 2017

Luxury market high-end fashion finds are typically reserved for the ultra elite. One company that’s helping to move the luxury market forward is online retailer Farfetch. The hope with this strategic partnership is that these funds will help push Farfetch further into the mainstream China market.

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Retail Marketing Online Trends 133

PYMNTS

JANUARY 21, 2021

Jennifer Lopez recently made a deal to utilize Flowcode ’s system to market her new skincare line, starting with quick-response (QR) codes embedded in an advertisement spread. In brick-and-mortar, retailers are overestimating demand for buy online, pick up in-store (BOPIS) , but they are underestimating demand for delivery.

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Retail Google Data Tools 155

PYMNTS

AUGUST 18, 2020

Reliance Industries has acquired a major stake in Vitalic Health and subsidiary Netmeds , through the Reliance Retail Ventures Limited arm, CNBC TV-18 reports. The stake includes 60 percent in Vitalic Health and 100 percent direct equity ownership in subsidiaries Tresara Health, Netmeds Market and Dadha Pharma Distribution.

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Company Retail Report Industry 214

PYMNTS

AUGUST 31, 2020

There’s a storm brewing in the Indian retail scene, with Amazon at its center. Over the weekend, Reliance Industries – the company owned by India’s richest man, Mukesh Ambani – purchased Future Group ’s 2,000 retail stores and the Big Bazaar grocery chain. Whole Foods has 497 stores. billion consumers. “At

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Retail Online Groups Industry 263

PYMNTS

DECEMBER 16, 2020

Benetton Group , an Italian fashion company, is teaming once more with retail market intelligence firm EDITED as an "essential platform" for its future three-year roadmap, according to a Wednesday (Dec. 16) announcement. “As

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Groups Retail Analytics Branding 157

PYMNTS

NOVEMBER 10, 2020

The David’s Bridal application was built by Vertebrae , a tech company that specializes in bringing real-world applications to retailing. Vince Cacace , CEO of Vertebrae, told PYMNTS that AR in 3D has become a high-demand technology for all kinds of products and retailers. “We How does it work on me? What are the details?

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Retail Technology Training Online 261

PYMNTS

MARCH 2, 2020

Retailers may be focused on the wrong metrics. That’s one of the conclusions from a poll of top marketers from Duke University’s Fuqua School of Business. According to Moorman, marketers look at traditional accounting metrics, such as sales or profits. Banking and retail put the most emphasis on return on investment (ROI).

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Customer Experience Retail social media Survey 151

PYMNTS

APRIL 1, 2020

Food retailers need to embrace a new term: digital traceability. As markets open, they’ll want to know exactly how that piece of cheese was produced, as an example.”. There are countless potential benefits to adopting the technology,” said animal safety company Neogen CEO John Adent. One is smart contracts.

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blockchain Retail Study Examples 256

PYMNTS

FEBRUARY 25, 2020

Retailers are facing a personalization paradox. Fifty-three percent of consumers want retailers to respect their anonymity in 2020; at the same time 61 percent want more personalization in marketing, messaging and promotions. Companies are facing a digital experience paradox,” said Alex Atzberger, CEO of Episerver.

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Retail social media Study Security 202

PYMNTS

JUNE 10, 2020

Direct-to-consumer (DTC) medical device company Lumen seeks to have Americans look to metabolism as an important factor in weight loss and nutrition. The company brought its app and device to market just two weeks ago. And in tech, the future of retail may include mobile scanning. All this, Today in Data.

Retail 150

Retail Technology Innovation Data 150

PYMNTS

NOVEMBER 8, 2020

Future Retail is attempting to prevent partner Amazon from meddling further in its $3.4 Now, Reuters reported Amazon is lodging a complaint with India's market regulator. percent stake in Reliance Retail. billion asset sale deal with Reliance Industries and has challenged the U.S. But Future said that order is non-binding.

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Retail Industry Regional Groups 230

PYMNTS

JANUARY 19, 2021

Chuck Huang, founder and CEO of Citcon , explores how the pandemic has prompted retailers to capitalize on the surge in demand for contactless, digital payments. "As Progressive retailers have paved the way for this with email collection at registers, enabling them to connect their customers’ behavior in-store with them online.

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Retail Payments Online Marketing Strategies 211

BankInovation

JUNE 20, 2024

NatWest Group Plc has agreed to acquire J Sainsbury Plc’s banking business as the British lender looks to seize more market share in retail banking. Britain’s second-largest grocer agreed to pay NatWest £125 million ($159 million) as part of the transaction, the companies said in a statement on Thursday.

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Retail Groups Marketing Company 74

PYMNTS

SEPTEMBER 22, 2020

As the crisis pushed online grocery into exponential growth during the crisis, CPG companies are finally starting to sell and advertise online. However, the trend is separate from CPG companies going direct to consumer (D2C). Many CPG companies like Pepsi and Heinz have launched limited but innovative D2C programs.

Company 140

Company Capital Resources Online 140

PYMNTS

JANUARY 19, 2021

In today’s top retail news, Bed Bath & Beyond said it has finished its sale of Cost Plus World Market (CPWM) to a private equity firm, while Starbucks will help Washington state with the distribution of coronavirus vaccines. billion offer from Staples to buy the company outright, but says it is open to other possibilities.

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Washington Retail Marketing Operations 141

PYMNTS

AUGUST 6, 2020

Real estate trends for retailers are back in the news this week, as the pandemic-driven brick-and-mortar market starts to produce new business models and a fair amount of stability. The new business model involves leasing options for the retail sector. retail portfolio valued at $5.9 Example: One of the U.K.’s

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Retail Analytics New York Examples 154

PYMNTS

JULY 3, 2020

Retail CEOs faced a parade of problems in 2020’s first six months, but some executives look ready to set off plenty of fireworks in the year’s back half. . Here’s a July 4 th look at some top executives in retail who seem ready to declare their independence from business as usual in 2020’s final six months. . John Donahoe, CEO, Nike.

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Retail Apple Branding Marketing 267

PYMNTS

JULY 27, 2020

Retailers are starting to pay the rent. The report is confirmation that reopened retail stores are generating revenue despite high unemployment and regional pandemic spikes. The biggest gain came from free-standing retail, which increased 12.1 He is also counseling his tenants to work on their digital marketing.

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Retail Payments Dallas Texas 164

PYMNTS

SEPTEMBER 9, 2020

Regardless of what happens with the sale of TikTok, social commerce could become a retail factor to reckon with in Q4, and is definitely ready for its close-up in 2021. In fact a new report puts the global market for social commerce at $89.4 billion this year and says it will reach $604.5 billion by 2027, growing at a CAGR of 31.4

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Marketing Report social media Course 209

PYMNTS

JUNE 29, 2020

The reboot simply means accepting the market dynamics of the pandemic, understanding that some of them may be permanent and acting accordingly. But more important than the scale of the loss is what Donahoe and his team are doing to reboot the company. A chance to start over or revisit the basics if necessary.

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Retail User Experience Examples Training 203

PYMNTS

JANUARY 27, 2020

The new year has not been kind to retail stores around the country, as the trend of accelerating store closings continues, according to a report by Yahoo! This will be the fourth year in a row that retailers will shutter 100 million square feet of space, which equals about 562 Walmart supercenters.

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Retail Charlotte Trends Examples 215