PYMNTS

JUNE 24, 2019

Retailers are getting smarter about artificial intelligence (AI), and the latest example of that innovative effort comes from Walmart. According to a new report , the retail chain, hoping to reduce checkout theft, is turning to cameras powered by AI, with deployments underway in some 1,000 stores.

Retail 73

Retail Leverage Technology Numbers 73

PYMNTS

NOVEMBER 17, 2020

InTime is one of the biggest retail chains in China, with department stores as well as eCommerce sites. Chen said people are not running back to brick-and-mortar stores in big numbers, but that they are still shopping and spending, with sales rebounding from 2019. Luxury retailer Kering, also from Paris, experienced a 40 percent hike.

Retail 72

Retail Sales Leverage eCommerce 72

PYMNTS

MAY 19, 2020

The results reversed a trend from last quarter, where the chain was one of many physical retailers facing a tepid holiday season that missed analyst expectations for sales, comparable-sales growth and earnings across the board. But things have reversed dramatically for the retailer amid the COVID-19 pandemic. percent to $134.6

Retail 88

Retail Restructuring CFO eCommerce 88

VCFO

JUNE 2, 2023

Navigating a New Era of Retail – Three Financial and Operational Factors The market and operating environments of retail businesses have undergone dramatic transformations since the turn of the millennium; transformations that accelerated significantly more with the outset of the COVID pandemic.

Retail 64

Retail Finance Leverage Technology 64

PYMNTS

JUNE 14, 2019

A number of retailers have recently seen a surge in eCommerce sales. Now, it’s easier in some ways to be a late mover,” in retailing online, Sucharita Kodali, a retail analyst at Forrester Research, said in an interview, according to CNBC. percent increase.

eCommerce 59

eCommerce Retail Sales Leverage 59

Fpanda Club

MARCH 1, 2021

The finance function now plays a crucial role in many organizations supporting and driving effective business decisions, and this is exactly the responsibility of FP&A standing at the crossroads of finance, strategy and technology to leverage data and generate insights.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Benchmarking Value-Added Analysis Budgeting 130

CFO News

AUGUST 29, 2024

Reliance Industries Chairman Mukesh Ambani stated that Reliance Retail ranks in the top five global retailers by store count and in the top 30 by revenue. The company invested Rs 4,330 crore in the last financial year, leveraging equity and debt, and transferred supply chain assets to Reliance Logistics and Warehouse Holdings.

Retail 40

Retail Numbers Leverage Investments 40

PYMNTS

MARCH 31, 2020

The retail closures related to the coronavirus have been a death knell for an already struggling retail industry, and many companies might not make it through, according to a report by the Financial Times. The crisis, he said, will probably lead to a “meaningful acceleration of the retail shakeout.”.

Retail 55

Retail Leverage Numbers 55

PYMNTS

JANUARY 15, 2021

The holiday shopping season is the most wonderful time of the year for the retail industry. Brick-and-mortar merchants and online retailers alike often rely on end-of-year sales to generate up to 40 percent of their annual revenues and start the new year on a positive note. A notable $730 billion in U.S. A notable $730 billion in U.S.

Retail 63

Retail Leverage eCommerce Securities 63

PYMNTS

APRIL 30, 2019

According to Will Byrne, CEO of Worldnet Payments , the kiosks and smart shelves that are gaining traction across any number of commerce and retail settings may even shift the employment picture a bit. The Changing Retail Footprint. This has become an irreversible trend,” he said. For example, in the U.K., percent.

Retail 55

Retail Transportation Leverage Technology 55

PYMNTS

OCTOBER 12, 2020

In a time of increasing change for retailers and consumers, the current global climate has begun accelerating the future of retail trends at a much quicker pace than previously envisioned. Lastly, Mao said Blackhawk is seeing that consumer interaction with retail apps is consistently rising. Capturing the New Customer.

Retail 126

Retail Budgeting Forecasting Currencies 126

PYMNTS

AUGUST 5, 2020

In the current environment, of course, the pandemic decimated foot traffic across any number of verticals — restaurants and retailers come to mind, of course. On the latter front, Gaherity said embracing bill payments serves a way to meet the needs of the unbanked and underbanked population that numbers more than 85 million consumers.

Currencies 135

Currencies Advertising Numbers Retail 135

PYMNTS

OCTOBER 23, 2018

Retailers had to make that changeover quickly, as online players became an increasingly obvious threat to their future. What the consumer, the bank and the retailer are looking at today is the same,” Engel said. “We We have to think of this not as a retail or banking journey, but instead as a total consumer journey.”.

Retail 74

Retail Banking Accounting Finance 74

PYMNTS

SEPTEMBER 29, 2020

The retail ecosystem has been turned upside down over the past six months as changes big and small rippled through the segment worldwide in response to the pandemic. Much of the challenge of retail over the past half year, the panel agreed, has been in responding to shifting consumer preferences that aren’t always predictable.

Leverage 100

Leverage Retail Sales Economics 100

PYMNTS

MAY 13, 2019

In the unattended retail space, vending operators are also becoming more aware of the shifting behaviors of their shoppers and the need for swift and digital payment options. That smaller size opens up whole new markets, and gains access to spaces that have never had a retail experience [as] a part of it.”.

Retail 71

Retail Marketing Communication Technology 71

PYMNTS

FEBRUARY 3, 2020

Consumers are firing brick-and-mortar retailers from the jobs they held years and decades before. To get their shopping jobs done, consumers are now hiring retailers that make it convenient to do business – anywhere, anytime, through any channel and on their terms. But it’s more than that.

Retail 69

Retail Sales Investments Budgeting 69

PYMNTS

SEPTEMBER 30, 2020

Dramatic shifts are underway in the retail sector as it adjusts to consumers’ increasingly digital preferences. These retailers are accustomed to engaging with their customers in brick-and-mortar stores and building long-lasting relationships that lead to brand loyalty. Around The Buy Now, Pay Later World.

Planning 111

Planning eCommerce Retail Leverage 111

PYMNTS

NOVEMBER 24, 2020

Retailers, in particular, are wary of adopting 2FA because of the frictions the method can present, and their fears are not without merit. Many FIs and businesses are relying on 2FA measures that leverage SMS — or text message-based — verification to cater to a growing number of consumers who are using mobile channels to transact.

Sales 108

Sales Leverage Securities Banking 108

PYMNTS

JANUARY 19, 2021

With so many retail stores closing, they need to be able to provide a way to sell D2C wherever those consumers are online.”. Retailers are entering new markets at a time when regulations are becoming more complex and costly, not less.

eCommerce 128

eCommerce Compliance Invoicing Retail 128

PYMNTS

MAY 27, 2020

retail reopening. Most reports of mall reopenings and other retail post-pandemic debuts in the U.S. The station also reported that retailers who did see crowds followed strict guidelines. Employees wore masks and allowed only a limited number of customers in the store. Revenge shopping will not be a factor in the U.S.

Retail 57

Retail Communication Leverage eCommerce 57

PYMNTS

JANUARY 8, 2021

The year 2020 meant big changes for retailers that had primarily defined themselves by physical interaction as brick-and-mortar merchants were forced to adapt to an eCommerce-focused world as their best option for holding on to their now homebound customer base. SMBS Outpaced Top Retailers When It Came To Innovation Adoption .

eCommerce 104

eCommerce Problem Solving Retail Leverage 104

PYMNTS

NOVEMBER 11, 2016

That’s why marketers will be leveraging mobile in their holiday shopping strategies this year, with new and creative strategies that focus more on omnichannel solutions and less on generic mobile coupons. For millennials, that number is 90 percent. Overall, retailers are expecting an even brighter holiday season this year.

Marketing 75

Marketing Leverage Prioritization Retail 75

PYMNTS

NOVEMBER 16, 2020

49% : Share of North American banks that leverage digital verification methods for onboarding. 6.2B : Minimum number of digital ID apps expected to be in use by 2025. 74% : Share by which Walmart’s U.S. eCommerce sales increased year over year in the first quarter. 31.9M : Net income that Dillard’s posted for Q3.

Technology 62

Technology Retail Advertising eCommerce 62

PYMNTS

APRIL 24, 2018

It’s time for retailers to stop looking at brick-and-mortar like it’s dying. Traditional retail is changing, it’s true – and that has manifested as a fair amount of growing pains – but the perception that physical retail is a sinking ship may be leading merchants astray. tour in a vintage airstream turned pop-up store.

Retail 62

Retail eCommerce Leverage Planning 62

PYMNTS

OCTOBER 13, 2016

Predictive marketing — using information from customer data, like purchase history, to determine a pattern and predict future outcomes — was once only available to the largest retailers. Every retailer wishes for the crystal-ball ability to predict where the next purchase will come from,” according to Windsor Circle.

Marketing 76

Marketing Leverage Retail Advertising 76

PYMNTS

JUNE 4, 2020

Online commerce has soared during the pandemic, prompting retailers of all types and sizes to leverage how they use digital channels to bring back customers while a full return to physical retail remains months away. But the biggest innovations are coming to online retail. While only 10.3

Retail 52

Retail Sales Communication Leverage 52

PYMNTS

MAY 5, 2020

As retailers contend with the continuing COVID-19 crisis and the inevitable resettling of the business, one of the most popular pieces of advice has been to reformat existing stores. There’s a specialty food movement in Brooklyn, and a number of incubators to develop products. The number goes up and down,” she said.

Retail 60

Retail eCommerce Planning Leverage 60

PYMNTS

JANUARY 1, 2021

The Trackers use a number of creative methodologies and frameworks that measure and benchmark an ever-changing landscape. Buy now, pay later (BNPL) solutions hold promise in alleviating some of these issues, but many retailers are still taking hands-off approaches to dealing with pandemic-related shifts in consumers’ spending habits. “I

Profit and Loss 103

Profit and Loss Banking B2B Retail 103

PYMNTS

OCTOBER 12, 2020

We’ve listened to our community and their requests for different payment options – more and more retailers are offering this as an option. Beautycounter has retail stores in New York City and Denver, eCommerce capabilities and approximately 45,000 sales consultants across North America.

Manufacturing 108

Manufacturing eCommerce Retail Auditing 108

PYMNTS

NOVEMBER 26, 2020

Many banks, utility companies and government agencies have been leveraging two-factor authentication (2FA) for several years. A study found that businesses and other organizations could prevent roughly 80 percent of data breaches by leveraging 2FA. Leveraging phone-based verification.

Securities 69

Securities Leverage Retail Numbers 69

PYMNTS

SEPTEMBER 18, 2020

Digital payments — and specifically, card-not-present transactions — may be convenient for consumers, but can impact the very operations of the retailers serving them. Along the way, these companies that are embracing eCommerce have seen an increasing percentage of sales derived from digital payments.

Sales 141

Sales Prioritization eCommerce Invoicing 141

PYMNTS

AUGUST 11, 2020

The great digital shift — and the evolution of how we get our food from grocers’ aisles to table — has spurred a number of strategic partnerships aimed at cementing customer loyalty. And depending on how you look at it, omnichannel efforts in the grocery space, as the old saying used to go about politics … makes for interesting bedfellows.

Retail 90

Retail Leverage Sales Marketing 90

PYMNTS

JULY 30, 2020

The days of the ATM serving as just a quick cash dispensary are numbered, Sonia Sedler , Diebold Nixdorf ’s global head of managed services and banking strategy, told PYMNTS in a recent discussion. They’re concerned about the number of other shoppers within a retail environment. … They’re concerned about human contact.

Banking 118

Banking Leverage Numbers Retail 118

PYMNTS

JULY 30, 2020

The company almost doubled its revenue and profit numbers while spending more than $9 billion on capital improvement projects. Among those numbers: Operating cash flow increased 42 percent to $51.2 As a reminder, Q4 is typically our largest volume quarter for the retail business. billion compared with $36.0 billion for Q2 2019.

Sales 95

Sales Transportation Leverage Numbers 95

CFO News Room

DECEMBER 21, 2022

For consumer brands doing business in China, no date on the retail calendar carries more weight than November 11, also known as Singles’ Day. Today, the event is the pinnacle of the global retail calendar, with over 290,000 brands offering 17 million products to over 1 billion annual active consumers across Alibaba’s ecosystem this year.

Sales 100

Sales Benchmarking Entertainment Retail 100

PYMNTS

OCTOBER 9, 2020

Overall, the number of live-sales in the region increased nearly 67 percent, thanks to the heaviest usage among shoppers in Singapore and Thailand. For retailers, the opportunities are apparent, but to truly succeed they must find ways to make the shopping experience live, interactive and seamless,” said iKala CEO and Co-Founder Sega Cheng.

Advertising 88

Advertising Leverage Retail Sales 88

PYMNTS

DECEMBER 31, 2020

Some leverage smartphone integrations that allow customers to interact with the machines while others deploy biometric verification instead of physical PIN pads for security.” And the new Tracker goes further, stating that 62 percent of European Union consumers are interested in nixing branch banking for a digital-only experience. “A

Banking 122

Banking Leverage Securities Retail 122