PYMNTS

MAY 14, 2020

Every online wine company that reports sales has noted big spikes during the pandemic. The latest to report, Wine.com – which bills itself as the nation’s leading online wine retailer – earned $165 million in revenue and saw 25 percent growth for fiscal 2020, ending March 31. With sales of $3.2

Online 164

Online Retail Millennials Analytics 164

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

Retail 263

Retail Online Groups Industry 263

PYMNTS

JUNE 23, 2020

The COVID-19 pandemic has been a “great accelerator” in driving Kohl’s to embrace eCommerce and make other changes in its operations faster than planned, the retail giant’s Chief Executive Michelle Gass said on Monday (June 22).

Retail 179

Retail Online Report US 179

PYMNTS

SEPTEMBER 17, 2020

To enable customers to shop from the complete selection of multiple mall offerings and retrieve their purchases from one place, European mall operator Citycon is creating a buy-online-pick-up-in-store (BOPIS) service. Ball said he doesn’t think that online shopping will “ever replace bricks and mortar.”. “At

Operations 159

Operations Philadelphia United States Online 159

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.

Retail 217

Retail Tools Online Meeting 217

Bank Innovation

SEPTEMBER 4, 2019

Square, which is best known for its physical and digital payment solutions, is building out its product ecosystem to manage nearly all of the operational needs of retailers.

Retail 253

Retail Operations Online Management 253

Bank Innovation

MAY 31, 2019

Marcus by Goldman Sachs, Goldman's digital-only retail bank, is quickly becoming a full-service financial platform -- a threat to both challenger banks and traditional incumbent players.

Retail 236

Retail New York Operations Online 236

PYMNTS

DECEMBER 28, 2020

Sage , which works in cloud business management, is working with digital operations platform Brightpearl on helping retailers utilize the cloud for their operations, a press release says. Sage Chief Operations Officer Lee Perkins said the move would be good as businesses started to recover from the impact of the pandemic. “As

Retail 177

Retail Operations Customer Experience Online 177

PYMNTS

AUGUST 7, 2019

Automotive sales are increasing going digital — and more consumers are buying more used products of all types online. Carro, which operates in Singapore, Thailand and Indonesia, said more than $500 million worth of vehicles were sold last year on its platform, up from $250 million in 2017 and $120 million the year before.”.

Online 112

Online Retail Trends New York 112

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. More consumers are going online to shop and pay as the pandemic progresses. The numbers speak for themselves. It was the catalyst for most every business dynamic in the category.

Retail 295

Retail Branding Minneapolis Trends 295

PYMNTS

NOVEMBER 9, 2020

As COVID-19 continues to modify ideas around how we shop and pay, consumers and B2B buyers are also making choices about where to shop: online or in-store? Now there are signals that a physical retail rebound is forming up. But expectations have changed dramatically, and shrewd physical store operators need to respond accordingly.

Retail 261

Retail Millennials Online Tools 261

PYMNTS

JANUARY 21, 2021

Plenty of famous retail chains have collapsed both before and during a pandemic that has slammed brick-and-mortar stores, but some iconic names like Pier 1 , Barneys New York and others are coming back – at least in some fashion. Other well-known brands have died in the physical world, but reopened under new owners as online-only storefronts.

Retail 246

Retail Los Angeles New York Branding 246

PYMNTS

DECEMBER 17, 2020

To roll out an alternative international money transfer offering called Co-opRemit, the Co-operative Bank of Kenya has teamed with international payment provider Thunes , according to an announcement. “We Co-operative Bank of Kenya works with 8.8 Co-operative Bank of Kenya works with 8.8

Operations 191

Operations America Payments National 191

PYMNTS

JANUARY 20, 2021

Google Cloud is rolling out Product Discovery Solutions for Retail, a new suite of services that will use artificial intelligence (AI) and machine learning (ML) to help eCommerce firms deliver personalized consumer experiences during a shopping journey’s initial phase. "As Vision API Product Search.

Google 208

Google Retail social media Online 208

PYMNTS

OCTOBER 1, 2020

online grocery retailer Ocado is involved in a patent lawsuit over robotically-operated warehouse technology with robotics company AutoStore , Reuters reported. Automation is increasing in the retail world, with Kroger joining forces with Ocado last year in a deal to make 20 automated warehouse facilities.

Online 234

Online Florida Retail Course 234

PYMNTS

AUGUST 14, 2020

In payment methods, Circle K announced a cashierless checkout pilot as convenience stores advance retail innovations. 60.6%: Share of consumers who have increased their use of online D2C channels to purchase food and beverage products during the pandemic. 7.3K: Minimum number of Circle K stores in operation in the U.S.

Technology 230

Technology Retail Apple Google 230

PYMNTS

DECEMBER 16, 2020

Digital sports entertainment and gaming industry platform DraftKings — known for its top-rated daily fantasy sports and mobile sports betting apps — today announced an agreement with InComm Payments , a global leading payments technology company, to launch an industry-first retail gift card. . DraftKings reported on Friday (Nov.

Retail 230

Retail Cards Payments New York 230

PYMNTS

JUNE 26, 2020

McNicoll said the quick gains aren’t surprising, as physical retail stores essentially closed down worldwide for months. Consumers are shopping online more, going to ATMs and using cash less, and showing an increased preference for contactless payments – and McNicoll thinks much of this shift will be permanent. The Rebuilding Project.

Retail 318

Retail Online Capital ATM 318

PYMNTS

SEPTEMBER 30, 2020

Retailers across Europe, the Middle East and Africa will be able to post ads for free on Google’s Shopping tab starting in mid-October. The offer also extends to retailers who are already paying to place ads on Google’s Shopping tab , wrote Matt Brittin, president of Google’s operations in Europe, the Middle East and Africa.

Google 197

Google Retail United States Regional 197

PYMNTS

NOVEMBER 5, 2020

This in a week that has seen news reports that the world’s largest retailer has terminated its contract — and a 3-year-old automated shelf-stocking experiment — with San Francisco’s Bossa Nova Robotics , having found that existing “human” employees were able to do the same work just as well. Not Just Walmart.

Retail 272

Retail Trends Technology Operations 272

PYMNTS

MAY 8, 2017

The UK’s top retailers are facing tough competition online from U.S.-based s top 10 retail companies as ranked by unique visitors to their desktop brand sites. apparel retailer Next and grocery chain operator J Sainsbury (Sainsbury’s) from the top 10 list. The additions displaced U.K.

Retail 116

Retail Online US Apple 116

PYMNTS

MAY 5, 2020

Retail reopening events continued to draw light foot traffic on Monday, as Florida joined Texas in allowing non-essential stores to reopen. percent of consumers shop for retail goods online more often than they did on March 6, the first day of our study, and that continues to climb — up 10.5 percent from 35.5

Florida 205

Florida Retail Tampa Customer Experience 205

PYMNTS

JANUARY 19, 2021

Corporate buyers are quickly shifting their purchasing habits online, and seeking more efficient experiences from product sourcing through to checkout. A great example would be buy online, pick up in-store," noted Bachalli. We're in the golden age of B2B eCommerce," he told PYMNTS in a recent interview.

Online 275

Online Marketing Payments Operations 275

PYMNTS

MARCH 27, 2020

While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. Around The Data Protection And Security World. The virus is sweeping through the U.S. Security .

Data 199

Data Retail US California 199

PYMNTS

NOVEMBER 1, 2019

According to the Eastern Europe B2C E-Commerce and Online Payment Market 2019 report, online retail sales in Eastern European countries continue a trend of double-digit growth rates this year, a release said. Cards are the most common means of online payment in Turkey, Russia and a few other Eastern European countries.

Online 101

Online Retail Regional Trends 101

PYMNTS

SEPTEMBER 28, 2020

ALDI , the German discount grocer, is taking another big step into the world of eCommerce as the coronavirus pandemic reshuffles the retail landscape around the world. ALDI said it plans to expand its “click-and-collect” online grocery pickup service to 15 stores across the country, the Financial Times reports.

Online 153

Online Retail Operations Company 153

PYMNTS

JANUARY 25, 2021

The National Retail Federation ’s annual convention may have come and gone but the sentiments, strategies and lessons learned from facing nearly a year of pandemic-led changes by some of the world’s largest merchants are going nowhere fast — especially when it comes to their embrace of increased digitalization. Stores As Social Centers.

Community 269

Community Retail Strategy National 269

PYMNTS

SEPTEMBER 4, 2020

But in other ways, it was business as usual, as the two biggest retailers in the world – Walmart and Amazon – posted stellar earnings numbers and competed in more muted ways for the U.S. percent of total consumer spending in Q2 (spanning all categories, including retail) and 9 percent of total retail spending. billion to $110.5

Retail 249

Retail Seattle Exercises Online 249

PYMNTS

MAY 21, 2020

This spring, Seattle-based Amazon went on a hiring spree, unable to keep up with the boom in online sales. Also, its Amazon Fresh grocery delivery arm was unable to handle all the stay-at-home consumers attempting to go on online COVID-19 shopping sprees.

Operations 228

Operations Seattle Online Company 228

PYMNTS

DECEMBER 27, 2020

Holiday sales rose this year compared to last but failed to meet many analysts’ expectations and were especially disappointing for brick-and-mortar operators, according to a variety of data sources. The National Retail Federation had forecast an increase for the season, year over year, of between 3.6 22 had online sales reaching $171.6

Retail 184

Retail US Data Analytics 184

PYMNTS

JULY 23, 2020

Walmart is selling its 28 stores and eCommerce operations in India to Flipkart Group , the online marketplace it controls. The stores operate like warehouse clubs, serving independent retailers and other small businesses. With the sale, Flipkart will gain 5,200 employees. billion in a venture funding round led by Walmart.

Retail 130

Retail Leadership Groups Operations 130

PYMNTS

JULY 27, 2020

Online marketplaces have been essential for companies and consumers who want to transact under stay-at-home mandates, but these platforms need formidable security approaches in place to prevent fraudulent sellers from joining or scams from occurring. 109%: Rise in volume of online orders placed with U.S.

Operations 130

Operations Retail Online Data 130

PYMNTS

SEPTEMBER 18, 2020

Online marketplaces are the digital storefronts helping small to mid-sized businesses survive — but adding real-time settlement into the mix can help them thrive. And 60 percent of surveyed firms selling across online marketplaces would take their business to one that offers real-time settlement.

Online 354

Online Survey Maine Study 354

PYMNTS

JULY 20, 2018

The situation seemed to recently come to a head, as the company told employees that it was shuttering its operations. In addition, Chef’d announced in May that it had partnered with Byte Foods to bring its meal kits into 100 of Byte’s unattended retail locations in California. In Other Brick-And-Mortar Retail News….

Operations 100

Operations Retail Branding New York 100

PYMNTS

OCTOBER 6, 2020

Paytronix Systems and Oracle are rolling out a new initiative that will enable restaurants and retailers that use Oracle’s cloud-based point of sales system to offer online ordering and contactless delivery. Newton, Massachusetts-based Paytronix on Tuesday (Oct.

Online 185

Online Massachusetts System Branding 185

Perficient

FEBRUARY 9, 2021

Omnichannel fulfillment methods such as curbside, buy-online, pick-up in-store (BOPIS), and ship-from-store have become extremely familiar to retailers, especially due to the climate of the COVID-19 pandemic. By doing so, retailers can successfully tell if their specific strategy is proving to be effective.

Retail 506

Retail Customer Experience Strategy Maine 506

PYMNTS

AUGUST 9, 2019

In an interview with PYMNTS, Tim Moran, senior vice president of product and marketing at Worldnet , told PYMNTS that the age of automated retail is dawning — but there is no one-size-fits-all approach. He noted that millennials have “grown up with the online world on their smartphones.” Some Exceptions to Automation.

Retail 181

Retail Analytics Millennials Online 181