This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Connecticut Attorney General William Tong is launching an antitrust probe into how Amazon runs its eBook business, the Wall Street Journal (WSJ) reported on Thursday (Jan. This is Connecticut’s second look into Amazon’s eBook unit. Amazon had a 76 percent market share of all eBooks sold in the U.S.
This edition of the Subscription Commerce Tracker highlights the latest developments in the subscription market, including why some content platforms are fighting consumer fatigue by shifting away from plan limits while embracing bundled services. By some accounts, the clothing subscription and rental market is on track to reach $1.85
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. The estimated value of the global intelligent vending machine market by 2025 is $15 billion. And digital disruptors are putting a new spin on vending machines.
Walmart announced Wednesday (August 22) the launch of its new eBook service dubbed Walmart eBooks by Rakuten Kobo, which provides customers with access to an all-new digital catalog of books in the stores and online. The move on the part of Walmart comes as its trying to take on Amazon.com in the retailmarket.
Across the retail sector, organizations are facing a new challenge in the form of the empowered consumer. Read our ebook, The Empowered Consumer, to learn more about how AI can help you connect with your customers with strategies such as: Hyper-personalization by targeting ads to the needs of the individual consumer.
Walmart has entered a partnership with the largest eCommerce retailer in Japan, Rakuten. The collaboration between Walmart and Rakuten will focus on online grocery delivery in addition to eBooks, industry news source Chain Store Age reported. In an effort to better compete with Amazon in Asia and the U.S., percent who use Amazon.
Kiosks are gaining more power in retail, especially as it becomes ever more obvious that consumers are not quite ready to cut ties with physical forms of buying, contrary to the early fever dreams of the eCommerce age. There are seven million family-run mom-and-pop stores that dominate retail outside big cities in China,” that analysis reads.
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.
The two also have Walmart eBooks by Rakuten Kobo, which went live in August and gives U.S.-based based Walmart customers access to a catalog of more than 6 million eBooks and audiobooks, the Kobo eReader and a co-branded free app. Through Seiyu, we have an in-depth understanding of this fast-changing market.
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of An Incredible Shift In Retailer And Consumer Expectations. Download the eBook.
billion marketplace that has roughly a 60-40 split between retail and online sales. Deputy CEO and CTO Wayne Baskin told Australia’s trade publication Power Retail that the coronavirus response in the market continues to evolve. “At Schools And eBooks.
One of the biggest retail stories as we head into 2020 is how India is a battlefield of digital commerce, along with a hotbed of retail innovation. With a move that could make an increasingly crowded market more competitive, Amazon is reportedly planning to roll out a food delivery service in India. Amazon’s Moves.
Glenn Fodor, SVP and head of First Data Insights, contributed the following piece as part of PYMNTS’ 2018 year-end eBook. Brick-and-mortar’s performance to start the holiday season illustrated physical retail’s ability to encourage customers to spend more per visit. As the U.S.
Scribd , for instance, enables customers to access over one million eBooks and audiobooks for a monthly fee and is part of a booming eBookmarket. According to some estimates, the eBooks industry is on the way to be valued at approximately $14.1 The estimated value of India’s mobile gaming market by 2020 is $1.1
Credit card skimmers are a headache for fuel retailers, but there is more than one way that fraudulent actors can target fleet spend. These crimes certainly harm corporate spenders, but also expose issuers, acquirers and fuel retailers to security threats.
With a move that could make an increasingly crowded market more competitive, Amazon is reportedly planning to roll out a food delivery service in India. The eCommerce retailer is said to be working with Catamaran and has started hiring workers for the operation per unnamed sources, Reuters reported.
Wendy’s , for example, planned to roll out self-ordering kiosks at about 1,000 of its retail locations by the end of 2017 in an attempt to both lure younger customers and to battle long lines at peak dining hours. billion is the projected size of the interactive kiosk market by 2023. Consumers want their orders faster than ever before.
Shut-down bookstores and closed classrooms initially depressed sales in the market, particularly of educational books. That perk-up is occurring at the same time the market is seeing similar growth in gaming, streaming and other home-based sources of entertainment as consumers remain in lockdown, first by statute and then by choice.
Even traditionally offline retailers such as Walmart have to expand their omnichannel offerings to reach consumers. Here are five omnichannel features retailers should keep in mind when reaching consumers online. And it’s a constant evolution for retailers, who are deploying the use of new technologies. “We
We have prepared a free ebook that contains brainstorming questions to help you better understand total experience. Consider a regional bank with a “digital transformation initiative” that rolled out its new “digital user experience” for its retail customers in 2020. You can download it HERE.
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Omnichannel is no longer a trend or a prediction — it’s the new retail reality. All these elements are still absolutely key to tomorrow’s retail landscape.
Amazon’s piece of the retail pie is expected to end the year even bigger, with market research firm eMarketer boosting its estimates on dollars spent at the eCommerce giant. Last year, its market share stood at 38 percent, with sales of $149 billion for all of 2016. All told, Amazon will account for 43.5 billion in 2017.
“Given the seismic shift to digital, the COVID-19 pandemic is forcing retail to achieve innovation in three to six months that would otherwise have taken three to five years. Time to market is key, and that’s where sticky.io PayPal made four acquisitions in FinTech, predictive marketing and fraud prevention companies.
and around the world, it seems the Japanese market is dropping from a place of prominence. According to FT reports, Walmart has been approaching bankers to explore an exit by sale from Japan, as the international retail giant is seeking to divest itself of the struggling Seiyu supermarket chain.
Among the more interesting storylines of this era of digital commerce and payments is the maturation of vending machines — sorry, “unattended retail.” Retailers are paying more attention to vending machines, a trend that is all but certain to continue into the 2020s. Vending Machine Trends.
More practically, this means the consumer can buy and access Oprah Book Club selections via the Apple Books service (both eBooks and audiobooks), and Apple TV will feature the famous former talk show host out of Chicago interviewing authors. Indeed, the streaming market is an increasingly competitive space. What About Amazon?
As a result, Target has been rolling out delivery to its customers in several major markets after acquiring Shipt for $550 million in cash in Dec. We’re going to be in all the major markets, and we bring a breadth of assortment that is not just food and beverage and grocery. But not all retailers are moving as fast as Target.
Forget shopping in brick-and-mortar bookstores for your next read, audio books, or eBooks (the “Spotify for Books”), have become the go-to way to consume literature today. As the tech world takes over most everyday activities, the publishing world is no different.
Data: $310 million: Projected value of the kiosk market’s food and beverage revenue by 2021. 12 percent: Projected global CAGR for the smart vending machine market from 2019–2021. 25: Number of C-suite executives queried for the PYMNTS Innovation eBook. 40 percent: Share of Honeyfi’s customer base that are unmarried couples.
But just as it’s nearly impossible to predict with precision the future of an ever-changing, ever-innovating market, it’s just as difficult to draw a single conclusion from so many experts’ opinions. The newest PYMNTS eBook is full of expert insight into the future of B2B payments, from commercial cards to accounts receivable.
More practically, this means the consumer can buy and access Oprah Book Club selections via the Apple Books service (both eBooks and audiobooks), and Apple TV will feature the famous former talk show host out of Chicago interviewing authors. Indeed, the streaming market is an increasingly competitive space. What About Amazon?
The massive online retailer’s Japanese offices were reportedly raided based on “suspicion of pressuring retailers to offer products at lower prices than on rival sites,” according to Reuters. Amazon may be in a bit of hot water in Japan. The news was first reported on Monday (Aug.
The biggest question around Amazon’s Seattle brick-and-mortar bookstore — as well as the upcoming second location in San Diego — remains a philosophical one: Why would an online retailer that already sells books need to put up with the hassle of running a physical store? Jellybooks’ data gets a lot more granular than that.
To be ready for the unexpected, “One approach is to branch out into new markets. This hedges against the risk of losses if a single market or region is heavily impacted,” Payoneer CEO Scott Galit told PYMNTS. On the one hand, it’s clear that many consumers are avoiding retail stores and are instead shopping online.
Amazon has reportedly debuted the newest contactless way to make a payment at checkout through its Amazon One offering, which allows users to make a payment with a palm at some of its retail locations. 34 Payments Execs Weigh In On Payments, The Pandemic And New Possibilities (Q3 eBook).
PayPal expanded its partnership with Argentinian eCommerce company MercadoLibre, positioning itself to capture a larger share of the Latin America market. 52 Mondays 2019 is an eBook that features all of Webster’s commentaries — a look back at her take on the payments and commerce landscape as it unfolded.
Barnes & Noble faces competition from Amazon , which holds a large share of the market for books. In addition, Walmart is seeking to make a push to sell eBooks and eReaders on its eCommerce website in 2018. Despite declining sales, Amazon is opening up brick-and-mortar bookstores , after all.
The streaming market is an increasingly competitive space. Delving into those top three subscription types, the streaming market is valued at an estimated $23.5 The online gaming market is valued at approximately $15.3 billion, roughly twice as much as the digital media market’s $7.7 percent of the market.
According to new reports, France’s government has filed a formal complaint against Amazon alleging the eCommerce giant has abused its position in the market. The filing follows a two-year investigation by France’s local answer to the CFPB: the DGCCRF. million) fine. The complaint also references Amazon’s ability to suspend contracts at will.
Visa , meanwhile, will be establishing virtual payment relationships through its network of retailers and providing secure authentication capabilities. Said points can then be applied toward discounts or freebies from retailers. It’s something retailers don’t get to see — that ‘last mile’ to their retail destination.
The opportunity lies in bringing quality to market at scale. Both demanded different marketing approaches as the pandemic hit. To reach chefs, the company had marketed to the foodservice business and restaurants. With all that lag time, the difference in quality is pretty remarkable.
Analytics can range from simple comparisons (for example prior year’s ending balances vs current year ending balances, square footage of retail space available vs sales ) to the use of complex models involving many relationships, regression analysis and components of data.
He explains to PYMNTS how the pandemic-triggered digital shift has tested the market infrastructure that supports the digital economy. The pandemic has been a real-world stress test of the market infrastructure that supports the digital economy. Traditional retailers scrambled to adjust to a digital-only world.
Daniel Houseman, partner at KPMG, contributed the following piece as part of the PYMNTS 2018 year-end eBook. . 2018 has seen a plethora of new providers and innovative services launched in the market, and the continued growth of some nimble and innovative players. New Entrants. The Rise of the Customer.
We organize all of the trending information in your field so you don't have to. Join 23,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content