Self checkout boasts ‘record’ year: report
Payments Dive
JULY 12, 2024
is the world’s largest self-checkout market, driven in part by supermarket chains and convenience stores, even as some retailers pull back on the tech.
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Payments Dive
JULY 12, 2024
is the world’s largest self-checkout market, driven in part by supermarket chains and convenience stores, even as some retailers pull back on the tech.
South State Correspondent
JULY 11, 2022
Investors Brace for Hot June CPI Report and So-So Retail Sales. Two factors will probably drive most of the price action this week and that’s Wednesday’s June CPI Report and Friday’s Retail Sales. Pressure is likely to remain into Wednesday when the June CPI report is released. The headline is expected up 1.1%
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Perficient
JANUARY 13, 2021
B2B firms want to invest in effective methods to strategize and market products, serve new and existing customers through the digital purchasing experience and focus more on e-channels as means of significantly gaining business revenue. Tailoring a Specialized Marketplace Strategy. Would you put up the same signs? Probably not.”.
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
PYMNTS
JULY 15, 2020
The apparel and footwear resale market is seeing record-setting growth during the pandemic. The trend was reinforced this week by a half-year status report from footwear resale marketplace StockX. The company announced in its report that it has reached $2.5 The sneaker market is changing, too, according to the report.
South State Correspondent
JANUARY 18, 2023
Retail Sales & PPI Reveal Softening Activity. By not widening the range, and implicitly denying higher yields, foreign markets are reacting to the dovish action by rallying their local bonds as is the case here, but we do have some domestic news items that will also garner trading attention. decrease vs. the previously reported 0.6%
PYMNTS
MARCH 6, 2020
That’s the case with the new employment report from the Bureau of Labor Statistics, which showed that retail jobs held steady between January and February. The news was welcome after a disastrous report from December to January, a drop that went beyond seasonal expectations. It’s a stark contrast to the last BLS report.
PYMNTS
OCTOBER 8, 2020
The digital shift may transform retail storefronts in Europe. To that end, in Europe, Czech firm Nulisec has debuted an online B2B marketplace focused on European retailers — geared toward improving sales and procurement processes. At the moment, retailers are hostages of their local suppliers,” he said.
PYMNTS
AUGUST 24, 2020
Corporates cannot expect to weather the economic and social changes taking place by virtue of their market clout and mastery of traditional supply chains and distribution channels. This environment requires enterprise-scale companies to forge new digital paths to market and form more direct relationships with consumers and end-users.
PYMNTS
JUNE 2, 2020
Another month of the pandemic and another first of the month when retail lease payments are due. As the crisis enters its fourth month, counting March, two new earnings reports indicate that about 60 percent of retailers are paying their rent — with a few very notable exceptions. It reported 52.4 Through May 15, only 51.35
PYMNTS
DECEMBER 16, 2020
In today’s top retail news, Benetton Group is teaming once more with EDITED, while CarLotz Inc. reported that revenues rose 12 percent for the third quarter of 2020. Benetton Group Teams With Retail Intelligence Firm EDITED. EDITED Retail Market Intelligence provides live data on more than 140,000 brands and retailers.
PYMNTS
OCTOBER 31, 2018
However, AR is now rewriting the rules of the retail game. A growing number of retailers are leveraging the technology to entice customers with a “try before you buy” shopping experience, having already been adopted by several big names in retail, including the likes of Walmart and Target.
PYMNTS
FEBRUARY 27, 2020
The resale market is turning out to be one of the hottest trends of the young new year, and is gaining momentum as brick-and-mortar retailers roll out high-end resale platforms. And personalized messaging can be a deal-breaker or deal-maker for shoppers, per a new report, but privacy is paramount. resale market.
PYMNTS
OCTOBER 15, 2020
In a roundup of today’s top retail stories: The automotive market continues its comeback with a digital spin, conversational commerce is the next big pandemic-fueled trend, and Tiffany said that its preliminary sales results for August and September 2020 are positive. Conversational Commerce Finds Its Voice in Digital Retail.
South State Correspondent
SEPTEMBER 2, 2022
Goldilocks Appears in August Jobs Report. The largest gains came in healthcare, professional and business services, and retail trade. So, of the 783 thousand new entrants to the labor market in August nearly half were still looking for a job during the mid-month survey. Expectations were for it to lift a tenth to 62.2%.
PYMNTS
OCTOBER 8, 2020
reported on Thursday (Oct. 8) global retail sales growth excluding foreign currency impact of 14.8 The executive said the company had many markets that continued to create formidable retail and same-store sales growth such as China, Japan and Germany, among others. “In Domino’s Pizza, Inc. percent , with U.S. million.
PYMNTS
JANUARY 20, 2021
In today’s top retail news, Birkenstock is said to be in discussions for a sale to CVC Capital Partners, while Cognira has released its AI Promotion Solution. Plus, Jennifer Lopez is depending on Flowcode for marketing of her new JLo Beauty brand. Cognira Rolls Out AI Promotion Suite For Retailers.
Accenture
OCTOBER 4, 2021
Credit Product Penetration of Retail Sales Shopping experience refresh “We are excited to pilot a virtual store staffed by dedicated associates … but with no physical customers. The post Q2 2021 US retailer payments commentary appeared first on Accenture Banking Blog.
PYMNTS
AUGUST 7, 2020
Companies that have filed for Chapter 11 bankruptcy are using the court protection to end long-term lease agreements early and close thousands of stores, reported Bloomberg. But the ripple effects are daunting, as the moves could threaten the half-trillion-dollar market for commercial mortgage-backed securities. Penney Co.,
PYMNTS
SEPTEMBER 21, 2020
For retailers, the fourth quarter of 2020 is likely to see a media blitz that will make other years pale in comparison. Unspent budget from big box retailers will be let loose as early as Oct. There are many critical aspects to SMB retail media strategy but two stand out this year: when to advertise and where to advertise.
PYMNTS
JANUARY 8, 2021
Retail rents have plummeted to historic lows in New York City amid the COVID-19 pandemic, as bankruptcies and vacancies penetrated the area, CNBC reported on Friday (Jan. And 11 areas saw an increase in available retail space on the market, from 6 percent up to 67 percent.
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. location this summer in Milford, Connecticut, according to reports. One of the U.K.’s
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.
PYMNTS
MARCH 10, 2020
In today’s top payment news, retail remains a bright spot in the markets, Ant Financial has rolled out a strategy for digital evolution in China, and the Consumer Financial Protection Bureau (CFPB) filed a suit against a Cincinnati-based bank. Payments Stocks Plummet While Retail Remains A Bright Spot.
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. The latest research shows 40 percent of surveyed shoppers report doing fewer activities in stores and more activities online — this is up from the 12 percent who reported doing so on March 6.
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.
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.
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. 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.
Abrigo
JUNE 5, 2020
This morning’s employment situation report for the month of May was genuinely amazing – and unexpected. Market expectations were for a headline unemployment rate of about 19.7% Government employment generally fell while the private sector, with the exception of some retail and some health care, generally rose. million jobs.
PYMNTS
MAY 22, 2020
reported total Q1 sales of $1.8 The retailer said it wasn’t reporting comparable-store sales, as its shops were open for less than seven weeks of the 13-week period, per an announcement. Additionally, the company reported a net loss for Q1 2020 of $306 million compared to net income of $421 million in 2019.
PYMNTS
JUNE 17, 2020
The dramatic consumer shift to Digital 3.0 — predicted months ago by the PYMNTS COVID-19 tracker work — is accounting for almost half of the retail growth in the US. That’s the key finding from a new report from Deloitte, whose data is actually lacking the May sales spike of 17 percent. is not the only country seeing the shift.
PYMNTS
APRIL 13, 2020
Prepare for a big week of retail data, all of it unprecedented in light of the COVID-19 pandemic. Starting with the Commerce Department retail sales data on Wednesday, retailers will get a sense of how much consumers are spending and the retailers they are spending with. For retailers, there are no surprises from March.
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.
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.
Abrigo
OCTOBER 21, 2020
Key Takeaways Trepp's head of Commercial Real Estate Finance outlined the current CRE market and looked at the future of CRE during Abrigo's recent ThinkBIG conference. This post by Hayley Collier , Trepp's Marketing Communication Specialist, was originally published on Trepp's blog and can be found here. The pandemic's impact on CRE.
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.
PYMNTS
NOVEMBER 8, 2020
Future Retail is attempting to prevent partner Amazon from meddling further in its $3.4 eCommerce giant in a New Delhi court, Reuters reported. Now, Reuters reported Amazon is lodging a complaint with India's market regulator. percent stake in Reliance Retail. But Future said that order is non-binding.
PYMNTS
JANUARY 7, 2021
Bitcoin hit more than $37,700, a new record high that helped drive the cryptocurrency market beyond $1 trillion, CNBC reported on Thursday (Jan. Since the start of 2021, the cryptocurrency market is up 29 percent, and in the past 12 months, it is more than 380 percent higher. 6) and trading above $1,200, CoinDesk reported. .
PYMNTS
FEBRUARY 11, 2020
who would like to buy a wide variety of products and services through unattended retail channels, such as vending machines, self-service kiosks and even fully automated stores. This indicates not only a major gap between the demand for and supply of unattended retail options, but a huge potential for market growth. There are 48.7
PYMNTS
FEBRUARY 25, 2020
Retailers are facing a personalization paradox. It’s illustrated in a new report from Episerver , which shows that personalized messaging can be a deal creator or deal breaker for consumers. It’s illustrated in a new report from Episerver , which shows that personalized messaging can be a deal creator or deal breaker for consumers.
CB Insights
MARCH 20, 2023
Digital banking transformation companies include omnichannel retail banking suites and multiproduct offerings that assist banks with digital transformations, from online opening and onboarding to customers’ mobile app experiences. Want the full expert post? Become a CB Insights customer. If you’re already a customer, log in here.
PYMNTS
JULY 27, 2020
Retailers are starting to pay the rent. A new report from the National Association of Real Estate Investment Trusts (NAREIT) shows that rent collections for free-standing and shopping mall-focused real estate investment trusts (REITs) gained ground in July on top of gains in June. percentage points from 79.3 percent in June to 91.4
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. billion consumers. “At
CB Insights
MARCH 10, 2023
Cloud-based core banking markets include cloud-native and cloud-based software-as-a-service (SaaS) platforms that integrate with or replace banks’ existing core systems. The post Market Trend Report: Cloud-based core banking for banking leaders appeared first on CB Insights Research. What is cloud-based core banking?
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