PYMNTS

JANUARY 14, 2021

Retailers made all sorts of quick pivots to their eCommerce sites as the pandemic unfolded, but in-store legacy technology proved to be an obstacle for many of them. The company said that while retailers often come up with innovations , “bringing these ideas to in-store trials, iterating them quickly and rolling them out at scale takes years.

System 189

System Retail US Data 189

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. percent: Portion of consumer services firms that consider innovation crucial to their survival. $35 All This, Today In Data.

Customer Experience 190

Customer Experience Data Comparison Innovation 190

Perficient

FEBRUARY 15, 2021

Attending to these enhancements now while anticipating future needs will require retailers to develop even greater agility and innovation across their fulfillment models. Later innovations added more elements and increased tier coverage. That’s because they have less experience and fewer points of comparison at hand.

Meeting 428

Meeting Study Branding Innovation 428

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. That smaller size opens up whole new markets, and gains access to spaces that have never had a retail experience [as] a part of it.”.

Retail 177

Retail Marketing eBook Cards 177

PYMNTS

APRIL 23, 2019

Innovations run the gamut from promo codes to coupons and quick-response (QR) scans in addition to other features such as delivery tracking. Overall, merchants in the $1 trillion accommodation and food services market see digital innovation as key for staying competitive in the space. percent — innovated to remain competitive.

Innovation 150

Innovation Payments Apple Meeting 150

PYMNTS

AUGUST 30, 2018

Brands might want a space to test new concepts with shoppers in brick-and-mortar retail environments, but they don’t always want the time and expense involved in building out a permanent store. By comparison, its mainline spaces average 181,100 square feet in size. Beauty Pop-Up Shops.

Branding 143

Branding Los Angeles Innovation Chicago 143

PYMNTS

DECEMBER 19, 2019

That’s because cameras are playing a much bigger role in retail, a trend that will keep gaining steam in the new decade. The Associated Press reports that cameras are, at least somewhat quietly, making inroads into a number of retail outlets in a bid to, well, get to know you. Security cameras are another area of innovation. “We

Retail 131

Retail Software Video Course 131

Perficient

FEBRUARY 7, 2021

Attending to these enhancements while anticipating future needs will require retailers to develop even greater agility and innovation across their fulfillment models. Later innovations added more elements and increased tier coverage. Targeting customer expectations requires speed and innovation but not precise marksmanship.

Meeting 348

Meeting Customer Experience Branding Innovation 348

PYMNTS

AUGUST 13, 2020

By comparison, the first 3-D Secure (3DS) technology provides consumers with a user experience marked by lengthy times for processing and verification. The company reports that retailers selling through eCommerce are experiencing record sales numbers, but fraud rates are also on the uptick. Merchants pay $3.13 Merchants pay $3.13

Technology 248

Technology User Experience Fraud Comparison 248

PYMNTS

JANUARY 15, 2019

The team at my Mystore-E believes they can solve that problem, with an AI tool called Tore-E that is specifically designed for retail environments. Our goal is to create a personalized shopping experience that benefits retail stores, while also catering to the customers’ wants, needs and style preferences.”.

Retail 124

Retail Ohio Tools Data 124

PYMNTS

MARCH 26, 2019

Retailers in the physical world are at a real disadvantage when it comes to knowing the customers in their stores, and what they do once they get there. The list goes on, but suffice it to say, the jokes about digital retailers knowing more about customers than they know about themselves didn’t appear in the culture out of nowhere.

Retail 127

Retail Security Data Software 127

PYMNTS

NOVEMBER 14, 2019

It’s easy enough to think of small businesses as not being particularly innovative – and even to find data to back up that claim. In fact, on the zero to 100 scale offered by the Readiness Index, small businesses underscore large firms in terms of digital innovation adoption by over 20 points. Assortment as a Service.

Retail 101

Retail Innovation Branding social media 101

PYMNTS

DECEMBER 13, 2016

The firm noted that almost all respondents within the $50 million–$100 million turnover range stated that they would indeed (no pun intended) be more innovative as enterprises if they could find the right, technically experienced personnel to fill the positions. Thus, innovation suffers.

Innovation 100

Innovation Survey Comparison Resources 100

PYMNTS

MARCH 20, 2019

From SPOT to Starbucks , online platforms and retailers are providing consumers with new ways to place orders or make purchases from the car. By comparison, mobile ordering and payment accounted for 9 percent of those transactions in the fiscal third quarter of 2017. Digital innovations are helping consumers pick up their orders.

Los Angeles 183

Los Angeles Retail Philadelphia Miami 183

PYMNTS

MARCH 4, 2020

The sales of plant-based foods climbed around five times faster than overall retail food sales in the U.S., Julie Emmett, senior director of retail partnerships at PBFA, called plant-based foods a continuing growth engine, up 29 percent over the last several years. That stems from year-over-year sales growth of 11.4 which only rose 2.2

Comparison 159

Comparison Retail Industry Examples 159

PYMNTS

NOVEMBER 20, 2018

David Yates was working at First Data , running its international business, and online retail, as he recalled in a new PYMNTS interview, was “really starting to lift off.” Yates — as have other experts recently — puts significant stock in what one might call the retail showroom concept. Innovation in the industry is expected.

Payments 186

Payments Innovation Mobile Comparison 186

PYMNTS

JANUARY 17, 2019

Hot on their trail are machine learning and artificial intelligence (AI) technology — the software and algorithms promising to reduce the risks of overstocking and understocking, and providing other benefits that can boost retailers’ revenue. Depending on what predictions you believe, most retail warehouses could be fully automated by 2030.

Retail 197

Retail Survey Analysis Apple 197

PYMNTS

APRIL 28, 2017

We’re simplifying the process, and, in the same way that price comparison sites have opened up competition in the retail banking space, we believe this will introduce much-needed competition and innovation into the market.

Comparison 166

Comparison Fintech Branding Payments 166

PYMNTS

DECEMBER 4, 2017

The team at Big Data 4 Small Business developed a solution that Visa said offers merchant-defined, enrichment-promoting analytics tailored to retailers. Those analytics also take into account local and industry comparisons. The companies said via a blog post ahead of the competition that entrants would use U.S.

Big Data 130

Big Data Data Atlanta Analytics 130

PYMNTS

DECEMBER 16, 2019

It also means that pharmacies — whether brick-and-mortar or online — are popular places, perhaps even part of a weekend to-do list that includes holiday retail shopping. That is certainly one possibility for innovation and disruption in the retail pharmacy space. Rising Costs. Recent research supports that point. Larger Trends.

Mobile 142

Mobile Retail Innovation Course 142

PYMNTS

NOVEMBER 2, 2020

Today, the “membership has its privileges” mantra is at the core of the latest face-off between the two retail behemoths vying for an increasing portion of consumer spend: Walmart and Amazon. Amazon Prime became the catalyst for the consumer’s shift to digital and for the decline of physical retail. Walmart+ launched on Sept.

Millennials 246

Millennials Retail Online Report 246

NCR

SEPTEMBER 22, 2017

In the retail industry, like many other sectors, the maxim ‘innovate or die’ seems to be growing in authority and relevance by the day. Bricks-and-mortar-only retailers, by comparison, have experienced a decline of 0.41 ‘Digital dinosaurs’ at risk of extinction? percent on average in the past year.

Retail 80

Retail Technology Comparison Trends 80

PYMNTS

JUNE 7, 2018

Finastra said this week at Money20/20 Europe that it is making the trio of core components tied to its FusionFabric.cloud platform available for open innovation, eyeing the drive to open banking. The company said that the initial API focus is on payments and retail banking, in order to satisfy the immediate needs of PSD2.

Fintech 186

Fintech Comparison Innovation Analytics 186

PYMNTS

DECEMBER 27, 2019

Retailers are designing brick-and-mortar spaces around experiences to attract and keep customers. Chinese eCommerce retailer JD.com , in one case, has just rolled out its inaugural SEVEN FUN lifestyle space in Galaxy SOHO in Beijing. 1 through Christmas Eve in comparison to the same time last year.

Retail 132

Retail Innovation Comparison Meeting 132

PYMNTS

MARCH 2, 2017

New Balance, by comparison, brings in a mere $3 billion annually — certainly nothing to shake a stick at, but still 90 percent smaller than Nike. The Run Hub is our strategic attempt to continue to innovate and invigorate the sport of running and the running community.”. We started in the U.S.

Retail 100

Retail Boston Community Branding 100

PYMNTS

JANUARY 10, 2019

We are always open to innovation. But if innovation means that the consumer is put at a disadvantage and price comparisons are made difficult, then we fight that,” he said. Today’s ruling is not only hostile to innovation. Germany is Amazon’s second biggest market behind the U.S.,

Comparison 143

Comparison Innovation Regional Technology 143

PYMNTS

OCTOBER 10, 2017

Here are three innovators of many who have found ways to not only cut back on food waste, but also, in some cases, turn a profit on food that would have otherwise ended its life in a landfill. By comparison, making vodka from leftover bread and other discarded starches sounds positively tasty. Hands-On Mobile App.

Innovation 100

Innovation Boston New York Comparison 100

PYMNTS

OCTOBER 5, 2018

This trend happens as activity around AR heats up, with major players in the digital economy apparently positioning themselves to profit as the retail-friendly tech move every closer to mainstream popularity. billion of retail annually by 2025, fueled by the shopping habits of some 32 million consumers.

Apple 197

Apple Capital Colorado America 197

PYMNTS

JANUARY 30, 2018

After Green’s innovative merchandising concept, stores opened with various names — “bantams,” “dairy stores” and “vest-pocket grocery stores,” for example — but Green established a brand that has stood the test of time. Grocery stores, by comparison, have gross margins of 27 percent. Amazon Reinvents the C-Store.

Texas 100

Texas Retail Dallas Seattle 100

PYMNTS

SEPTEMBER 22, 2020

By way of comparison, spending at brick-and-mortar drugstores was down 5 percent and total trips across CPG outlets were down 3 percent compared to the year-ago period during the week ending Aug. Many CPG companies like Pepsi and Heinz have launched limited but innovative D2C programs.

Company 140

Company Capital Resources Online 140

PYMNTS

MARCH 4, 2019

As PYMNTS data shows in depth, Amazon has a lot of room to grow in grocery, to gain ground on competitors and work toward the type of relative dominance it has in other retail categories. percent share held by Walmart, one of Amazon’s main retail rivals, a chain with its own significant logistical expertise and scope.

Los Angeles 143

Los Angeles Retail Maine Chicago 143

PYMNTS

MARCH 25, 2019

To connect food delivery platforms with consumers looking for convenience and cost savings, eCommerce innovators are creating aggregators as price and time comparison tools. Take FoodBoss , which was co-founded by Michael DiBenedetto after he faced a challenge when he wanted to order food with a group. “We

Los Angeles 161

Los Angeles San Francisco Comparison Seattle 161

PYMNTS

MARCH 8, 2018

In comparison, cab rides were $19 — or $146.96 “But, by helicopter, along the skyline route — an unforgettable experience.”. The route was not terribly expensive, and it was cheaper than a cab. A flight only cost $9 — or $69.61 in today’s dollars. in today’s dollars.

New York 112

New York Retail Los Angeles New York City 112

Abrigo

MAY 20, 2015

When the Apple Watch hits retail shelves within the next few weeks, chief technology officers and developers at financial institutions will be working to make sure that their mobile app translates to the latest wearable tech. An innovation like that can make the Apple Watch and Bitcoin seem archaic in comparison.

Apple 150

Apple Mobile Comparison Innovation 150

PYMNTS

DECEMBER 20, 2018

26 ,with products from the eCommerce operator averaging nearly 14 percent lower than competing retailers including Walmart and Target, according to an analysis from Profitero. You can thank increasingly sophisticated algorithms for much of that, along with the increasingly fierce nature of online retail competition.

Software 157

Software Retail Analysis Online 157

PYMNTS

MARCH 26, 2019

By comparison, only about two-thirds — or 66.4 Digital Innovations. Beyond turning to in-car commerce, Domino’s has introduced additional digital innovations to make it easier for consumers to order that buffalo chicken or pepperoni pizza — or drive loyalty. percent — of commuters followed the same purchasing behavior in 2017.

Phoenix 149

Phoenix Arizona Innovation Comparison 149

PYMNTS

JUNE 5, 2020

percent of consumers were shopping for retail goods online as of May 23, up from the 32.5 percent increase of consumers who shopped online for retail goods on April 11 and 24.1 But the ultra-high end is still being shopped at brick-and-mortar retail at countries that have gained some distance from the pandemic. This is a 29.4

Retail 131

Retail Online Texas Comparison 131