PYMNTS

JUNE 26, 2020

McNicoll said the quick gains aren’t surprising, as physical retail stores essentially closed down worldwide for months. The past several weeks have been a learning experience for merchants – both physical and digital – on the fundamental importance of diversifying operations across channels, McNicoll noted. The Rebuilding Project.

Retail 318

Retail Online Capital ATM 318

PYMNTS

NOVEMBER 30, 2020

retail banking operations after four decades trying to build a strong presence in the country, the Financial Times (FT) reported. FT based its report on unnamed sources, stating the bank is weighing "a complete exit from retail banking in the U.S. The situation is serious enough that exiting retail banking in the U.S.

Retail 233

Retail United States US Resources 233

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.

Operations 260

Operations Groups Lending National 260

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

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

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

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.

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

Retail 246

Retail Los Angeles New York Branding 246

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

Perficient

DECEMBER 30, 2020

The American Customer Satisfaction Index’s recent COVID-19 special retail study showed satisfaction declines across 75% of the retail companies. But the ASCI study showed a decline of almost 5% in customer sat for internet retailers versus just a 1.3% decline for Department & Discount stores.

Online 421

Online Study Branding Customer Experience 421

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

Bank Innovation

NOVEMBER 25, 2019

Personal finance, banking and investment platform MoneyLion has named Samantha Roady chief operating officer as it makes moves to expand its customer base. Roady, who has been on MoneyLion’s board of directors since 2016, was previously a founding partner at GAIN Capital and president of its global retail brokerage business.

Innovation 293

Innovation Capital Retail Operations 293

Perficient

JUNE 19, 2020

In our last post , we talked about how curbside pickup or “click and collect” is expected to remain a popular channel for retailers to connect with their customers in a post-COVID-19 environment. Some examples of information that could be gathered from the customer include: the make and model of the customer’s car.

Retail 369

Retail Customer Experience Management System 369

Perficient

OCTOBER 20, 2020

Move Retail Stores Online. Organizations are moving from relying on physical retail stores to omnichannel options such as buy-online, pick-up-in-store (BOPIS), ship-from-store, or curbside pick-up to fulfill consumer orders. Most consumers are staying at home, meaning fewer are heading into stores and more are shopping online.

Online 484

Online Mobile Management Retail 484

PYMNTS

SEPTEMBER 27, 2020

Sezzle , the installments payments platform, will be working on buy now, pay later (BNPL) services with Target , a press release says, which will test how the popular payment trend works with the retail giant's operations.

Leadership 302

Leadership Millennials Retail Study 302

PYMNTS

DECEMBER 14, 2020

They are using everything from cash to mobile wallets to complete these transactions, requiring retailers to race to accommodate a wide variety of payment methods. Friction-filled experiences, however, can actually give retailers key opportunities to engage frustrated customers on a deeper level. Keeping Omnichannel Payments Invisible.

Payments 349

Payments Online Retail Mobile 349

Payments Dive

DECEMBER 4, 2023

and now building up operations in the U.S., expects its pay-by-bank services for bank clients will eventually lure retailers. The fintech, founded in the U.K.

US 259

US Retail Fintech Operations 259

Bank Innovation

APRIL 29, 2020

Great Southern Bank is using lending technology from the cloud banking vendor nCino to increase efficiency for commercial and retail loan officers. “We But […].

Lending 259

Lending Retail System Operations 259

Perficient

FEBRUARY 24, 2021

In a world where retail has changed and consumers remain at home, how do brands reimagine the task of getting products to customers? In 2016, Jon joined fan and light maker Big Ass Fans as its first chief operating officer. She specializes in digital experience, retail, and digital. In Episode 4 of the What If?

Branding 441

Branding Case Study Digital Strategies Strategy 441

PYMNTS

APRIL 27, 2020

Dozens of retailers, from Dick’s Sporting Goods to Walmart , have added contactless shopping services, and it’s caught on. increased 49 percent from March 12 to April 11, compared to March 1 to March 11 after a review of internet transactions from 80 of the top 100 internet retailers. . Retailers are trying to figure it out.

Dallas 258

Dallas US Retail Texas 258

PYMNTS

DECEMBER 28, 2020

The pandemic hit Bangladeshi clothing suppliers and the country's overall economy hard when British fashion retailers had to shut down, a report from The Times said. Non-essential stores were forced to close in March, and canceled orders from fashion retailers totaled 730 million pounds (about $984 million), according to the report.

Comparison 271

Comparison Retail Report Branding 271

PYMNTS

JANUARY 24, 2021

is close to a deal to buy ATM operator Cardtronics , fending off two other bidders, according to the Wall Street Journal on Sunday (Jan. Cardtronics boasts 285,000 ATMs in 10 countries, and is one of the biggest cash machine operators in the world, WSJ writes. billion, those with knowledge of the matter told WSJ.

ATM 293

ATM Retail Operations Software 293

Perficient

MAY 25, 2023

The approval allows Promethium to custody digital asset securities on behalf of both retail and institutional clients. 15c3-3 offers retail clients superior collateral protections against losses in the event of a custodian bankruptcy and require more frequent and stringent collateral protections for both retail and institutional clients.

cryptocurrency 251

cryptocurrency United States Retail Security 251

PYMNTS

DECEMBER 28, 2020

It could be argued that for the retail industry to pull off a 3 percent uptick for holiday sales this year was an astonishing feat. Three percent is a healthy number, as Sadove said, but it is more of a testament to the retail industry’s marketing than it is an indication of consumer spending health. percent unemployment rate.

Data 260

Data Retail Online Report 260

PYMNTS

JULY 5, 2020

The reminder is intended for banks with clients that include marijuana retailers or individuals that grow, process, or manufacture pot. a Nevada-based, publicly-traded company that owns processing centers and a 5,000-square-foot retail store in Arizona, praised FinCEN’s update. Hemp Inc.,

US 352

US Nevada Arizona Guidelines 352

PYMNTS

DECEMBER 8, 2020

Bass and Wilsons Leather share of the company’s retail operations segment were $38.2 The company said it is reorganizing its retail operations segment, as announced in the past. Bass and 110 Wilsons Leather retail locations. million in operating income, or 66 cents a share, on $2.6 Net sales for the G.H.

Groups 241

Groups Report Branding Retail 241

PYMNTS

JANUARY 19, 2021

But reaching a broader range of consumers, accommodating their payment preferences, and satisfying regulatory and tax issues in unfamiliar territory introduces a host of new operational challenges for these companies. With so many retail stores closing, they need to be able to provide a way to sell D2C wherever those consumers are online.”.

Branding 322

Branding Taxes Fraud Regulation 322

PYMNTS

SEPTEMBER 27, 2020

Associated Food Stores , a Salt Lake City, Utah-based cooperative that supplies supermarkets, said it has started to build what it’s calling “pandemic pallets” of sanitizing products so its warehouses will be fully stocked, Darin Peirce, vice president of Retail Operations, told WSJ. “We

Jacksonville 280

Jacksonville Minnesota Utah Michigan 280

PYMNTS

SEPTEMBER 30, 2020

Dramatic shifts are underway in the retail sector as it adjusts to consumers’ increasingly digital preferences. Merchants are optimizing their eCommerce operations, but this is posing challenges for some, including luxury merchants. This is partly due to the growing participation of luxury retailers that have signed onto the platform.

Payments 279

Payments Millennials Retail Trends 279

Perficient

JULY 11, 2022

Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout.

Fintech 474

Fintech Trends Apple South Dakota 474

Payments Dive

MARCH 22, 2023

Pittsburgh-based GetGo joins a growing list of convenience store operators adding bitcoin ATMs, as retailers seek new ways to bring customers inside their stores.

ATM 221

ATM Bitcoin Retail Operations 221

PYMNTS

APRIL 14, 2020

COVID-19 could mark the true rise of the robots in retail. After seeing an initial crash due to unprecedented demand when the COVID-19 crisis hit, the retailer is now using robots to pick and pack customer orders. consumers showed a negative stance toward robots at retail, but it will be interesting to see if that changes post-COVID.

San Francisco 278

San Francisco Retail Examples Mobile 278

Payments Dive

MAY 27, 2022

The test will involve about 200 of the discount retailer's 18,000-plus locations and run throughout 2022, Chief Operating Officer Jeff Owen said Thursday during an earnings call.

Retail 221

Retail Operations 221

PYMNTS

OCTOBER 20, 2020

Fabric, a new headless commerce platform startup for retailers, came out of the gate with a head of steam on Tuesday (Aug. The product is a cloud-native platform that enables retailers to deliver digital commerce experiences without having to rely on expensive engineering resources. Shopify and BigCommerce have a new competitor.

Retail 238

Retail Branding Technology Tools 238

PYMNTS

AUGUST 5, 2020

What Thrasio is doing better than anyone else right now is making a business out of buying Amazon businesses, which it then onboards, optimizes and operates. Then there’s a checklist of 503 items that the Thrasio team applies to their new acquisition — from operations to platform compliance to product specs and marketing practices.

America 336

America Marketing Operations Retail 336

PYMNTS

NOVEMBER 19, 2020

The round was led by Food Retail Ventures and joined by existing investors Innovation Endeavors , Maersk Growth , and Baseline Ventures. McCann is CEO of Food Retail Ventures and a former CEO of supermarket giant Ahold USA. “I Afresh said the round was sparked by investor interest due to Afresh’s growing list of customers.

Technology 244

Technology Management San Francisco Retail 244

Perficient

AUGUST 2, 2024

Perficient self-reported the following extended use cases as the top three for which clients select them: Backend Integration and Modernization: We specialize in integrating and modernizing backend systems to ensure seamless and efficient operations, enabling businesses to stay competitive in the digital age.

America 450

America Report Technology Software 450