Accenture

MAY 14, 2019

In the first of a four-part series, our team of guest bloggers will share how getting to simplified, future-ready bank operations may be more easily imagined. . However, banks are unable to support this if they do not modernize their operations. 1 So, how do banks get to simplified, future-ready bank operations?

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Operations System America Strategy 202

TheGuardian

SEPTEMBER 25, 2024

Mutual reports half-year pre-tax profit of £58m despite soaring wage bill and rising cost of theft at retail stores Business live – latest updates The Co-operative Group has laid bare the impact of shoplifting as it said the cost of crime in its stores soared by almost 20% to £40m in the first half of the year.

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Operations Groups Taxes Retail 75

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. They and others have succeeded because they entered the market independent of traditional retail, and because their business model fit the needs of the pandemic.

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Retail Branding Minneapolis Trends 295

PYMNTS

FEBRUARY 11, 2020

retailers are concerned about a supply chain problem. While no direct evidence has been presented for a supply chain interruption from China, a new Wells Fargo report says concerns are rising among retailers. companies with operations in Shanghai on Feb. Every retailer has what’s known as an ‘All Hazard Plan.’

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Retail Apple Operations Report 188

PYMNTS

JANUARY 24, 2021

The paper cited positive data from a large swath of UK tour operators. Bus operator National Express reported a 185 percent increase in bookings for spring and summer trips compared with bookings made during the same period in 2020.

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Operations Groups Lending National 260

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

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

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.

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Retail Operations Online Management 253

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.

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Retail Cards Payments New York 230

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. Citycon runs 40 shopping centers throughout Estonia and the Nordic nations, Bloomberg reported.

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Operations Philadelphia United States Online 159

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. stores and shuttered, sold or licensed away most of its overseas operations.

Retail 246

Retail Los Angeles New York Branding 246

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

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.

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Retail Trends Technology Operations 272

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.

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Google Retail United States Regional 197

PYMNTS

JUNE 24, 2020

The retailer, along with Harbin Pharmaceutical Group Holding Co., Additionally, the retailer has secured roughly $130 million in further liquidity. GNC foresees that it will speed up the shuttering of at least 800 to 1,200 retail locations. At that time, improved bids can be brought forward.

Retail 186

Retail Strategy Branding Security 186

PYMNTS

AUGUST 14, 2020

In payment methods, Circle K announced a cashierless checkout pilot as convenience stores advance retail innovations. 7.3K: Minimum number of Circle K stores in operation in the U.S. 7.3K: Minimum number of Circle K stores in operation in the U.S. All this, Today in Data.

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Technology Retail Apple Google 230

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

BankInovation

JULY 17, 2024

Truist cut jobs in core technology and operations following more recent pullbacks on tech at the institution. “We We recently notified technology teammates about certain roles that will be impacted by Truist’s strategic initiatives,” a Truist spokesperson told Bank Automation News.

Operations 77

Operations Technology Retail 77

PYMNTS

JUNE 8, 2020

With the pandemic putting its business into a state of disorder, Lane Bryant and Ann Taylor owner Ascena Retail Group is reportedly in talks with lenders about a possible bankruptcy filing. Most of the roughly 2,800 retail locations of Ascena are still shuttered. The retailer foresees closing approximately 230 of 687 stores.

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Groups Retail Dallas United States 179

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

NOVEMBER 9, 2020

Now there are signals that a physical retail rebound is forming up. presidential election in the rearview mirror and 2021 right around the corner, a new shift is underway: the slow but certain move back to shopping inside retail stores — an experience that people still crave for the experiential joy it brings. With the U.S.

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Retail Millennials Online Tools 261

PYMNTS

JANUARY 11, 2021

Retail and hospitality technology firm NCR Corporation is looking to acquire ATM operator Cardtronics for $39 per share, or about $1.7 11) press release. . “The 11) press release. . NCR’s $39 per share all-cash offer topped Apollo Global Management’s earlier bid for $35 per share to acquire Cardtronics, Bloomberg reported.

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ATM Operations Houston Georgia 172

PYMNTS

JULY 14, 2020

As the United States experiences a coin shortage due to the pandemic, some brick-and-mortar retailers are forcing consumers to tell cashiers to “keep the change.”. “The Federal Reserve is experiencing a significant coin shortage that is impacting our store operations and ability to provide change,” the company wrote on Twitter.

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Retail US Cards United States 290

BankInovation

OCTOBER 3, 2023

Truist Financial is overhauling its digital innovation operations. Bank Automation News has learned that a key bank C-level innovation officer left Truist last week, and the bank shut its Foundry unit, which led the FI’s skunkworks ventures.

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Operations Innovation Retail 118

PYMNTS

JANUARY 27, 2020

Retail keeps embracing numerous new technologies, and biometrics is not only one of them, but an area of recent growth and development, including via some of the biggest names in commerce. Take Amazon, which continues to expand its brick-and-mortar retail footprint, and the technology underlying those stores. Larger Trends.

Retail 264

Retail New York Dallas Trends 264

Payments Dive

JUNE 13, 2019

Retailers are increasingly incorporating Internet-of-Things devices into store operations, but delivering on the value proposition requires dependable connectivity.

Retail 221

Retail Operations 221

The Paypers

SEPTEMBER 16, 2024

US-based commerce platform fabric has expanded its partnership with AWS to change the way retailers operate, accelerate innovation, and make decisions with the help of AI.

Retail 67

Retail Innovation US Operations 67

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. That’s up from 9.6

Retail 249

Retail Seattle Exercises Online 249

PYMNTS

AUGUST 7, 2020

For retailers, it’s better to be hot in 2020 than top. The National Retail Federation (NRF) said on its blog this week that the Hot 100 Retailers, while vulnerable to mergers and acquisitions, as a group is more stable than the Top 100 Retailers ranking, as stores are impacted by the unpredictability of COVID-19.

Retail 144

Retail Groups Washington National 144

BankInovation

APRIL 24, 2024

Lloyds Bank reported an increase in operating costs in the first quarter driven by higher inflation and increased investment in technology. Operating costs “include expected elevated severance charges taken early in the […]

Operations 79

Operations Groups US Management 79

PYMNTS

DECEMBER 28, 2020

In today’s top retail news, FedEx Corp. 28) that it closed its acquisition of ShopRunner, which will operate as a part of a new group inside of FedEx Services named FedEx Dataworks. 28) that it closed its acquisition of ShopRunner, which will operate as a part of a new group inside of FedEx Services named FedEx Dataworks.

Tampa 188

Tampa Retail Florida Branding 188

PYMNTS

APRIL 9, 2020

said it plans to put many of its retail staffers on leave. Ulta Beauty said its retail locations would remain shuttered up to the time that it is safe to open them again. The retailer noted that customers can continue shopping through its website or app. staffers at retail locations and distribution centers.

Retail 225

Retail Company Operations Industry 225

PYMNTS

AUGUST 10, 2020

Commercial landlords were greeted with some good news in July as rent collections for retail properties increased by double digits compared to May and June, GlobeSt.com reported. A survey by Datex Property Solutions, the California-based real estate portfolio management company, revealed that retail rent collections were 68.8

Retail 195

Retail Survey California Operations 195

PYMNTS

JANUARY 13, 2021

Toshiba Global Commerce Solutions unveiled its ELERA unified commerce platform that will let merchants operate without the bounds of traditional retail IT infrastructures, according to a Wednesday (Jan. ELERA is currently used by the high-volume retail grocery and general merchandise verticals.

Retail 170

Retail Big Data Analysis Community 170

Payments Dive

MARCH 29, 2018

Mobile payments continue to expand, making it important for operators of unattended retail equipment to invest in the technology. A speaker at the National Automatic Merchandising Association show in Las Vegas urged his fellow industry executives to get on board with the trend.

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Las Vegas Retail Mobile Payments 218