Artificial intelligence (AI), including chatbots, is definitely on the horizon for retail in the future, according to a new Juniper Research report. The company predicts the global number of successful retail chatbot interactions will reach 22 billion by 2023, up from an estimated 2.6 billion ...
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Retail
Retail
It seems that we can’t show Mom enough love at least when it comes to Mother’s Day. According to an annual survey released today by the National Retail Federation (NRF), US Mother’s Day spending should reach a record $25 billion this year, up from $23.1 ...
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Busy, busy week in the payments industry and we’ve got highlights for you. Vox looks at the fascinating success story of Amazon Prime and its impact on e-commerce. Wayfair’s 2019 Way Day event was another big sales success. We look into PPRO’s Almanac 2.0 of ...
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Amazon competitors have found imitation of Amazon’s annual July Prime Day sales event to be their own summer sales success stories. Business Insider looked at several companies including eBay, Walmart, Macy’s, Target, and Best Buy and found some compelling, competing summer sales promotions in 2018. ...
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Amazon fired another shot over the bow of the grocery business with the addition of 13 new cities now able to get home delivery service from its Whole Foods subsidiary. Now available in 88 US cities, Prime members can shop through Prime Now for thousands ...
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In a warning sign for the new technology and retailers, a student launched a $1 billion lawsuit claiming that mistaken facial recognition in an Apple Store led to his wrongful arrest. NYPD officers arrested 18-year-old New York student Ousmane Bah at 4 o’clock in the ...
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Mergers and acquisitions in the payments industry are growing as indicated by MasterCard’s purchase of fintech point-of-sale financing platform Vyze. According to Accenture, point-of-sale (POS) loans are a $1.8 trillion business opportunity. “Both consumers and businesses want the best choice and service, exactly when they ...
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2018 US convenience store sales grew 8.9%, reaching $654.3 billion. ...
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Today’s global payments news roundup is fast and furious. We take a look at whether smaller footprint stores will save Sears, given the challenge of profitability. By next year, millennials will spend $1.4 trillion and they are definitely masters of the online shopping universe. One ...
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After a plunge into bankruptcy earlier this year, Sears announced plans to open three new, small-footprint stores of 10,000 to 15,000 sq ft. Instead of the typical 160,000 sq ft store, the new Sears Home & Life outlets will sell home goods like Kenmore and ...
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