PYMNTS

FEBRUARY 3, 2020

“Jobs to be done” – a theory popularized by the late Harvard Business School Professor Clayton Christensen – is the notion that consumers don’t buy products , but they hire them to perform a task they need done. Consumers are firing brick-and-mortar retailers from the jobs they held years and decades before.

Retail 69

Retail Sales Investments Budgeting 69

PYMNTS

SEPTEMBER 15, 2020

To that end, in China, retail data showed consumers snapped a seven-month streak decline. Retail sales posted their first gain amid the pandemic. Data published by China’s National Bureau of Statistics showed consumer spending gained 50 basis points in August from the year ago period. Industrial production, up 5.6

Retail 68

Retail Sales Economics Accounting 68

PYMNTS

MARCH 29, 2020

Call it the retail gap that eCommerce can only partly fill. Consumer sentiment, as reported last week, dipped to a three-and-a half-year nadir, brought down by lingering fears over COVID-19, the disease caused by the coronavirus , and the increasingly “new normal” of social distancing. And consumer expectations slipped to 79.2

eCommerce 82

eCommerce Retail Sales Numbers 82

PYMNTS

FEBRUARY 14, 2020

With data indicating that consumer spending is still strong, retail sales – which are an indication of purchases at restaurants, stores and online – rose a seasonally adjusted 0.3 Consumer spending is said to be the primary driver of the U.S. And the factors driving consumer spending in the country are still formidable.

Sales 56

Sales Retail Healthcare Forecasting 56

PYMNTS

FEBRUARY 11, 2020

Consumers’ interest in unattended commerce goes far beyond candy and soda vending machines. million consumers in the U.S. 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. million consumers — 6.9

Retail 61

Retail Marketing Technology 61

PYMNTS

APRIL 23, 2020

As talk turns to reopening retail it’s becoming painfully clear that the business timeline and the consumer timeline don’t match. And that could be devastating news for the retail sector most in need of a grand reopening: malls. It is a real concern for consumers and a potential hindrance to retail recovery.

Retail 61

Retail Economics Numbers Technology 61

PYMNTS

FEBRUARY 27, 2020

In this case, it’s the gap between interest and intent, the chasm that lies between consumer awareness of unattended retail and actually taking the plunge in buying at the kiosk and vending machine. At a high level, according to PYMNTS data , unattended retail is reaching only one-tenth of its potential.

Retail 52

Retail Education Technology Sales 52

PYMNTS

JANUARY 17, 2020

Commerce Department, retail sales were up for the third consecutive month as of December of last year, and buying was broad-based across several categories – with the exception of autos. In terms of headline numbers, retail sales overall were up 30 basis points. Looking beyond the sequential showings, December retail sales were up 5.8

Numbers 53

Numbers eCommerce Retail Sales 53

PYMNTS

FEBRUARY 14, 2020

But there’s an entirely different retail universe where human “help” feels like an imposition. Given the option, many consumers would prefer to complete certain shopping excursions – from picking out products to checking out – without engaging anyone. percent of interested consumers currently make such purchases.

Retail 57

Retail Technology Sales 57

PYMNTS

FEBRUARY 19, 2020

Before Nutrimeals set up an automated retail solution to distribute prepared meals to consumers, the company was delivering food to customers in Calgary and across Western Canada, but it knew from the beginning that it wanted to have kiosks, Co-founder Grace Clark told PYMNTS in an interview. Automated Retail. The Machines.

Retail 52

Retail Investments Technology Marketing 52

Anaplan

JANUARY 3, 2022

The road to 2030 is paved with uncertain economic markets, fluctuating employment rates, and waning consumer confidence. Retailers need to prioritize affordability to stay relevant, let alone competitive.

Retail 52

Retail Prioritization Economics Marketing 52

PYMNTS

JUNE 2, 2020

The past several months have been largely defined in the retail world by merchants and brands making quick digital pivots to stay afloat in an environment that’s gone from “digital sometimes” to “digital mostly.”. When selling online became the only game in town, retailers across the board got very seriously digital overnight.

Retail 57

Retail Advertising Economics Finance 57

PYMNTS

MAY 8, 2020

As they navigate the coronavirus pandemic and begin to reopen stores, large retailers are putting safety measures into place to keep shoppers and staff members safe — and get customers confidently back into stores. Trade groups are also providing guidance to help retailers open their doors again.

Retail 69

Retail Communication eCommerce Numbers 69

PYMNTS

JANUARY 18, 2021

Flipkart said in a press release that is partnering with more than 5,000 retail outlets across India on the new offering, which expands on its SuperCoin rewards program. Flipkart said that its SuperCoin program enables consumers to use points in more places. This summer, Flipkart raised $1.2

Retail 56

Retail Valuation eCommerce Investments 56

PYMNTS

MAY 14, 2020

Consumers may not have returned to their pre-crisis shopping behaviors, but they are setting records for drinking wine. 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

Retail 65

Retail eCommerce Sales Numbers 65

PYMNTS

DECEMBER 8, 2016

This holiday season, consumers are boosting their expectations when it comes to their eCommerce retail. Cloud-based operations solution provider Voxware released consumer survey data that points to the increased standards consumers are holding online retailers to during the 2016 holiday shopping season.

Retail 69

Retail eCommerce 69

PYMNTS

JUNE 7, 2019

Forget millennials, that consumer segment that is blamed for the downfall of most everything while also being the target of many innovative efforts. Single consumers are a force of nature as well when it comes to retail. At least that’s the case when talking about toilet paper – specifically, the Charmin Forever Roll.

Retail 53

Retail Benchmarking Sales Numbers 53

CFO News

JANUARY 10, 2024

“There is a need to provide lower interest rate to the retailers through the special announcement in the budget to assure easier financing for the Retail businesses.

Retail 52

Retail Budgeting Finance 52

PYMNTS

OCTOBER 23, 2020

23) that showed a rebound in spending across consumer and commercial segments from lows seen in the spring amid the pandemic’s heights. The firm especially saw gains in non-travel and expense card-not-present activity related to categories such as retail. CNP And Retail Spend . American Express posted Q3 results Friday (Oct.

Retail 70

Retail CFO B2B Forecasting 70

PYMNTS

AUGUST 31, 2017

Retailers trying to bridge the growing gap between the shopping trends of Baby Boomers, Generation Z and every demographic in between may think they have the different generations figured out, but in some cases, operating on assumptions can lead to missed sales. These consumers were born between 1946 and 1964, and the U.S. Millennials.

Retail 58

Retail Sales Accounting Technology 58

PYMNTS

JUNE 10, 2020

Consumer spending in the United States gradually increased last month as shoppers arose from lockdown. Mastercard figures indicated that retail sales in the U.S., And online shopping comprised 22 percent of retail sales in April and May, which was two times that of the year before. outside of the auto industry, fell only 5.6

Sales 52

Sales Retail Economics 52

PYMNTS

AUGUST 14, 2019

Youngsters tend to get all the credit when it comes to being a force that drives retail innovation, and that’s fair enough. But older consumers shouldn’t be counted out, either. PYMNTS defines bridge millennials as consumers between 30 and 40 years old. But other, older consumers are also taking part in the mobile revolution.

Retail 49

Retail Leverage Startups eCommerce 49

PYMNTS

JULY 17, 2019

While regulatory and governmental bodies are still debating PSD2’s full reach, the latest PSD2 Tracker looks at how retailers are approaching SCA as they face potential losses under the rule. Ultimately, the impact is not just about declines, but also about conversions, as sales may drop out of a retailer’s funnel. To some degree.

Retail 65

Retail Compliance Education eCommerce 65

PYMNTS

JUNE 20, 2017

There’s no question about it — today’s retail landscape is undergoing a digital revolution. With the online world enabling individuals to more easily start their own businesses, we’ve seen the likes of Etsy, Warby Parker and Dollar Shave Club come onto the retail scene. With Macy’s and Kohls’ shares down 20 percent alongside J.C.

Retail 54

Retail Restructuring Advertising eCommerce 54

PYMNTS

NOVEMBER 20, 2019

Providing a top consumer experience is becoming more important and is a rising trend in retail, and that will almost certainly increase in the 2020s. Physical Retail Efforts. Even as eCommerce keeps growing, physical retail is evolving to better reflect consumers’ desire for deeper experiences. Better Discovery.

Retail 43

Retail eCommerce Technology Sales 43

PYMNTS

NOVEMBER 20, 2019

Consumer spending shows mixed demand as the holiday shopping season gets underway, The Wall Street Journal (WSJ) reported on Tuesday (Nov. Walmart, the largest retailer in the U.S., Those are things that would lead you to believe that we are not heading into a consumer pullback,” he said. showed strong foot traffic.

Retail 41

Retail Forecasting Sales Economics 41

PYMNTS

DECEMBER 23, 2016

Consumers have high expectations, and they only want more. This holiday season, studies say consumers are holding retailers to a higher standard than in past years. But brands, merchants and retailers are lacking when it comes to keeping pace with those expectations.

Retail 47

Retail Technology Planning 47

PYMNTS

JANUARY 6, 2020

Consumers have become accustomed to being offered insurance coverage with their purchases of electronics, home appliances and other big-ticket items from brick-and-mortar retail locations. But what would consumers think about being offered insurance coverage for eCommerce purchases and how would it affect spending habits?

Retail 53

Retail Sales eCommerce Entertainment 53

PYMNTS

FEBRUARY 14, 2019

With all sorts of digital services at their fingertips, consumers are looking for convenience when they purchase products or services. Consumers, for instance, are swapping their cable channels for digital streaming subscriptions or using rideshares instead of public transportation services.

Retail 51

Retail Transportation Investments Startups 51

CFO News

SEPTEMBER 5, 2023

Mukesh Ambani's consumer business is set to gain further momentum as it has opened the gates to its Metro Cash & Carry stores for everyone, and not just B2B customers. Nearly nine months after the deal with Metro AG went through, Ambani now aims to sell more of its products through the wholesale distributors it gained through the deal.

B2B 52

B2B Retail 52

PYMNTS

OCTOBER 22, 2020

Consumers will spend less overall this holiday season , while they will spend more time online. 42%: Approximate share of consumers who saved all or part of their stimulus payment. They are also more frequently choosing contactless payment methods in stores. 57: Number of instant payment networks around the world.

Retail 52

Retail eCommerce Numbers Planning 52

PYMNTS

JUNE 4, 2020

As sections of the United States economy continue to reopen, it is growing more apparent that consumers have no intention of reverting back to their pre-pandemic shopping habits. consumers are now buying retail goods online as of May 23, compared to 29.2 PYMNTS’ latest survey shows that 35.7 percent of U.S. percent on April 11.

Retail 55

Retail Planning eCommerce 55

PYMNTS

APRIL 1, 2019

Retail sales fell in February, as consumers curbed their spending and the stimulus from the tax cuts began to disappear. According to the Commerce Department’s monthly retail sales report, retail and food services sales for February declined 0.2 The news outlet reported economists forecast retail sales to increase 0.3

Sales 43

Sales Retail Forecasting 43

PYMNTS

AUGUST 1, 2017

To say direct-to-consumer retail practices have had an impact on the manufacturing industry would be an understatement. With eCommerce a major proponent of the direct-to-consumer (DTC) channel and showing no signs of slowing down, the retail industry landscape has been forever changed.

Manufacturing 48

Manufacturing Retail eCommerce Technology 48

PYMNTS

JANUARY 19, 2017

And in the retail world, apparently, that holds as well. Apparently, while it may seem like a no-brainer, consumers are both happy and loyal when brands deliver on what they feel they were promised from a retailer. Retailers need to deliver what they promised consumers. Bottom line?

Retail 40

Retail Benchmarking Advertising Marketing 40

PYMNTS

JANUARY 16, 2017

A recent study from multinational management consulting company Capgemini’s Digital Transformation Institute has gained some surprising insight into the perceived necessity and value of brick-and-mortar and online retail spaces. Capgemini surveyed 6,000 consumers and 500 retailers in the U.S., Retailers in the U.S.

Retail 43

Retail Management Consulting eCommerce 43

PYMNTS

JUNE 20, 2019

Through an Alibaba Group Holding Ltd program that offers years of shopping history for consumers, Bestore Co Ltd intends to connect technology for facial recognition with the online retailer’s account data. Now, it has begun to tap into other offerings from the eCommerce retailer for marketing.

Retail 40

Retail Entertainment eCommerce Communication 40