PYMNTS

DECEMBER 28, 2020

The dreaded returns season has hit retail with a predictable but painful thud. With Mastercard putting a 49 percent tag on the eCommerce spike for the holidays, this year will be the toughest on record for handling what is a resource- and capital-intensive task. In the brick-and-mortar retail era it was a nuisance to be avoided.

Retail 86

Retail Auditing eCommerce Forecasting 86

PYMNTS

FEBRUARY 10, 2020

The Fashion Week event also presented a perfect opportunity to roll out the latest She’s Next, Empowered by Visa challenge, with a call to female-led firms to “look for ways to bring technology to retail that [will help drive] fashion as an industry,” Reilly said. Leveraging A New Connection Point . That could mean all kinds of things.

Retail 76

Retail Nonprofit Startups Sales 76

PYMNTS

JANUARY 22, 2021

The company is also expanding product tagging beta and will soon give creators the opportunity to develop shoppable Story Pins and tag products. Pinners are 70 percent more likely to “show shopping intent” on products tagged in scene images than on standalone Product Pins.

Retail 90

Retail Technology 90

PYMNTS

MARCH 18, 2020

For most retailers, this virus thing is starting to hurt. Retailers are now in full-on battle mode,” said Jefferies Analyst Randal Konik , who foresees a 90 percent to 100 percent drop in mall traffic. For retailers, this is now about near-term survival.”. “For For retailers, this is now about near-term survival.”.

Retail 64

Retail Numbers Securities Sales 64

PYMNTS

OCTOBER 9, 2019

But social media is also driving retail innovation, and those trends are going to help shape commerce in the all-important fourth quarter and beyond into the 2020s. One recent example of the intersection of social media and retail comes from Facebook-owned Instagram. Regulation might be in the future.

Retail 47

Retail eCommerce Sales Marketing 47

PYMNTS

SEPTEMBER 19, 2019

Apparel used to be mostly a brick-and-mortar retail experience, but that has changed drastically over the last few years – and has been one of the main innovations when it comes to commerce related to the clothes we wear. But at this point, it is also mostly table stakes in the race to bring apparel retail online.

Retail 54

Retail Numbers Technology Planning 54

PYMNTS

JUNE 14, 2019

Still, that seems so old-fashioned in this digital age — at least according to Andrea Chavez, Founder of Pawscout , a company whose signature product is a Bluetooth-enabled tag that not only helps pet owners find their wayward pets, but gives them access to other digital and mobile services. One example comes from Walmart.

Retail 77

Retail eCommerce Technology Securities 77

PYMNTS

JUNE 14, 2019

Radio-frequency identification (RFID) technology is carrying more weight in retail these days, helping merchants to innovate and win over consumers, and even serving to tie together web, mobile and in-store experiences as part of the focus on omnichannel commerce. The tags can also function as anti-theft devices.)”. Treasure Hunt.

Retail 61

Retail Sales Technology eCommerce 61

PYMNTS

APRIL 26, 2018

Amazon announced its plan to build a totally unattended retail store in early 2017, but there was something of a gap between the announcement of the company’s plan for a sensor-based, cashier-less shopping experience here in the United States and its actual rollout in late January of this year.

Retail 41

Retail Startups Planning Investments 41

PYMNTS

JANUARY 25, 2017

Loyalty is the Holy Grail of retail, with happy customers retained and spending all the while on goods flying off brick-and-mortar shelves. Karam said that the changes happening in retail are similar to what is going in software. In retail, a similar shift also has been transpiring, from transactional relationships to relational.

Retail 46

Retail eCommerce Sales Technology 46

PYMNTS

OCTOBER 18, 2018

To learn more about their customers and increase foot traffic, retailers are testing out new business ideas. In some cases, retailers are dedicating small spaces to brands inside their brick-and-mortar stores. The vast majority of retailers believe in trying new business approaches.

Retail 58

Retail eCommerce CFO Planning 58

PYMNTS

FEBRUARY 7, 2018

While the program is still just a pilot, journalists working for Mashable will be able to take a photo of, say, a celebrity and tag elements of his or her outfit with links to similar products available for sale on eBay. As eCommerce retailers like eBay seek to grow different channels for sales, what’s next after shoppable images?

eCommerce 44

eCommerce Retail Entertainment Sales 44

PYMNTS

JULY 29, 2019

The rise of video games, both online and mobile, is helping to drive innovation in retail. The move is one of several Tilly’s has been pursuing recently to draw additional foot traffic in an era when, like many youth-focused retailers, it is seeing its sales constantly shifting online. Larger Trends. More Money.

Retail 48

Retail Sales Budgeting Marketing 48

PYMNTS

OCTOBER 24, 2019

Yes, the holiday shopping season is gearing up – that time when retail needs to prove itself once more. Retailers are certainly in the swing of things. The retailer is advertising deals for the season “earlier than ever” and will begin rolling them out on Friday (Oct. 25), CNBC reported.

Retail 40

Retail Advertising Budgeting Sales 40

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APRIL 16, 2018

The retailer’s website has 55.9 million average monthly visits, retail news source Retail Dive reported. The think tank found a decline of 410 basis points in the retailer’s apparel share as its revenues declined by $3 billion from 2012 to 2017. The retailer has already tested the technology at a store in New Jersey.

Retail 44

Retail eCommerce Planning Technology 44

PYMNTS

MARCH 17, 2017

Sometimes all it takes is a new way of looking at things to open up a world of possibilities — at least, that’s what retailers investing in augmented reality (AR) and virtual reality (VR) believe. Meanwhile, other industry projections show that more than 800 million AR apps for retailers will be downloaded by consumers by 2019.

Retail 41

Retail Manufacturing Sales Technology 41

PYMNTS

AUGUST 21, 2017

From thredUP to The RealReal , Tradesy and SnobSwap , every retail segment out there today seems to be looking for some sort of deal on discounted items, especially clothes. These second-hand retail options have become so popular that there is now an entire day dedicated to celebrating them: National Thrift Store Day.

Retail 41

Retail Sales eCommerce Planning 41

PYMNTS

DECEMBER 26, 2019

But before we shut the door on 2019, it bears taking a moment to note how much the world of retail has changed in the last year, a fitting capstone on a decade that has seen retail as the American consumer commonly knew it taken to the ground and rebuilt nearly from the foundations. Lesson 1: Think Big . “We

Retail 54

Retail Communication Leverage Numbers 54

PYMNTS

DECEMBER 12, 2018

For shoppers who rely on smartphones, the “face” of the modern retailer is becoming its mobile website and app. Retailers from Kroger to Starbucks , as well as Shell , Dollar General and Macy’s , are rolling out their own mobile apps with smartphone-based payment options to meet the needs of the connected consumer.

Retail 52

Retail Advertising Technology Securities 52

PYMNTS

JUNE 13, 2017

Before bareMinerals was a household name in cosmetics – its parent, Bare Escentuals , was a smallish bath and body retailer with an unusual product that had a small problem. That partnership carries a steep price tag – Nilsen will be paid $500,000 to be the face of the of the firm – making it one of the larger brand–blogger hook-ups to date.

Retail 40

Retail Communication Leadership Marketing 40

PYMNTS

APRIL 21, 2016

One of the most pervasive truisms of modern retail is that what Amazon does, other merchants will try to mimic. Sometimes, though, retailers have to band together to offer similar services to ward off the Seattle giant’s advance into their territory.

Retail 40

Retail Marketing 40

PYMNTS

OCTOBER 4, 2019

Online retailers are expanding their brick-and-mortar footprints – and using feedback from eCommerce customers to inform the selections in their new stores. There are also digital price tags for every item, and Prime members can pay the discounted online price for their selections at the store. In Other Brick-and-Mortar News.

Retail 43

Retail eCommerce Investments Numbers 43

PYMNTS

FEBRUARY 2, 2021

The conversation came against the backdrop where i2c announced a partnership with TAG, to launch a super app that provides instant payments capability to Pakistan’s unbanked adult population, which at present numbers about 100 million individuals. To that end, Amir Wain , CEO of i2c Inc. It will happen.”.

eCommerce 94

eCommerce Compliance Numbers Currencies 94

PYMNTS

AUGUST 28, 2019

The answer may hold lessons for other retailers eager to do more in the Chinese market. As well, other foreign retailers have stumbled on the general path that Costco seems to be taking in China. Demand has been slumping in China for Apple products in part because of the hefty price tag. Costco Wholesale Corp.

Retail 40

Retail eCommerce Marketing Numbers 40

PYMNTS

NOVEMBER 14, 2020

Jigsaw puzzles have become such a favorite pandemic pastime, retailers are having a hard time keeping them in stock,” NPR recently reported , quoting Brian Way, co-owner of the online retailer Puzzle Warehouse , as saying that “there's not a [puzzle] factory on the planet that is not months behind on production.".

Profit and Loss 137

Profit and Loss Prioritization Transportation Retail 137

PYMNTS

AUGUST 28, 2019

The answer may hold lessons for other retailers eager to do more in the Chinese market. As well, other foreign retailers have stumbled on the general path Costco seems to be taking in China. Demand has been slumping in China for Apple products, in part because of the hefty price tag. Costco Wholesale Corp.

Marketing 40

Marketing Retail eCommerce Numbers 40

PYMNTS

AUGUST 11, 2016

The term “ Internet of Things ” has become a big buzzword in business lately, but what exactly is it and why might it shape the future of the retail industry? It also offers tons of opportunities for retailers who know how to take advantage of it. But the rapidly expanding Internet of Things (IoT) is changing that.

Retail 50

Retail Financial Analyst Sales Leverage 50

PYMNTS

MARCH 20, 2020

The International Council of Shopping Centers (ICSC) says it believes action from the federal government is needed, and large retail brands began to put a price tag on the revenue losses they expect to face. All this, Today in Data. 400B: Approximate amount in state and local taxes the shopping industry generates in the U.S.

Numbers 52

Numbers Retail Sales 52

PYMNTS

OCTOBER 1, 2018

Packaged goods often reach consumers’ hands after traveling across oceans and being shipped between manufacturers, distributors and retailers. For example, a company could program the platform to display product care information when customers use their smartphones to engage with the near-field communication (NFC) tag or code on the package.

Retail 62

Retail Manufacturing Communication Technology 62

PYMNTS

SEPTEMBER 15, 2017

The merino wool blend they use is proprietary, and the price tag for one pair is $95. But their big upcoming move is the launch of their new retail location: a “concept” store that is designed to let customers really embrace the Allbirds lifestyle. In July, they rolled out a pop-up shop in Los Angeles’ Grand Central Market.

Retail 51

Retail Valuation Manufacturing eCommerce 51

PYMNTS

JULY 1, 2020

The digital shift at retail continued its momentum this week as Walgreens and Lululemon both made significant moves to embrace the online consumer experience. Two new projects have already been tagged for the initiative.

Healthcare 99

Healthcare Startups Retail eCommerce 99

PYMNTS

JUNE 20, 2019

The eCommerce retailer reportedly suggested in the patent that surveillance using drone technology could be better than video-camera installations that can be tampered with or miss things. The news comes after the retailer paid over $1 billion for smart doorbell maker Ring in 2018. in the past.

eCommerce 75

eCommerce Retail Technology 75

PYMNTS

MARCH 12, 2020

The price tag on the building, famous for being the former New York hub for the shopping retailer, is in excess of $1 billion. Issues with rising retail costs, traffic and more ended up derailing the plans. Earlier in 2019, the company froze its plans to build a new headquarters from scratch in Queens, promising to spend $2.5

Startups 67

Startups eCommerce Sales Retail 67

PYMNTS

FEBRUARY 23, 2018

SES-imagotag specializes in omnichannel retail experiences — and is present in over 14,000 stores in 55 countries. To use the service, shoppers, after adding items to their basket, just need to hold their smartphones in front of the SES-imagotag digital price tag and scan the product using either a QR code or NFC.

Retail 43

Retail Sales Technology Marketing 43

PYMNTS

JANUARY 11, 2021

As noted in this space over the weekend, there already exists a preliminary agreement between Cardtronics and the investment firms, but the higher price tag offered by NCR will likely spark a re-examination of a deal. NCR made its bid official on Monday morning (Jan. Brown said. “So So we led with technology.”

Banking 57

Banking Leverage Numbers Sales 57

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APRIL 22, 2020

Google’s Threat Analysis Group (TAG) said hackers had been targeting the World Health Organization (WHO), as revealed in early April by Reuters. In a blog post , Google said the attackers’ attempts included impersonating health organizations and major fast-food companies in an effort to trick people into downloading malware.

Securities 68

Securities Retail 68

PYMNTS

MAY 11, 2016

So what happened exactly — and why should everyone in physical retail care? But the broader picture — particularly of the how regulators and judges view and understand eCommerce — is a bit more eye-catching, and perhaps a bit more worrisome if one is in the physical retail game. Why The Judge Just Said No.

Retail 40

Retail eCommerce Sales B2B 40