Retail

With the opening of its second store in Seattle, Amazon Go is in the vanguard of the cashier-less checkout movement. Though checkout automation has been a goal for many retailers, some have struggled with concepts from self-checkout to full cashier-less checkout and it remains a ...

Statista reports the number of global online shoppers between 2014 and 2018 jumped by 36%, growing from 1.32 billion to 1.79 billion people. According to Braintree, PayPal’s mobile web payment system, cross-border shoppers also want their shopping experience to be simple and painless. Cross-border challenges ...

According to Gartner L2’s Amazon Intelligence: Third-Party Distribution Strategies Playbook report, Amazon has a substantial counterfeit products problem. Gartner estimates 33% of third-party vendor listings have at least one review containing terms such as “fake” or “counterfeit.” The report says, “These ‘counterfeit’ reviews, however, make up ...

Our weekly payments industry news this week features an update on synthetic identity fraud, record Q2 2018 target financials, e-commerce membership sales growth, a smart speaker for cryptocurrency purchases and voice shopping as well as our popular weekly global news roundup. Synthetic identity fraud is ...

Here’s a roundup of the global payments news we’re reading heading into the weekend. Lots of new developments in identity fraud, retail ups and downs, new payments industry developments and a free Amazon report. Synthetic identity fraud is rising; data breaches abound Synthetic identity fraud is ...

Amid the general US retail doldrums, Target’s Q2 results stand out as a beacon of what’s possible when you have a plan, you’re disciplined in implementing it, and not afraid to spend on innovation where it will pay back. In a press release, Target highlighted ...

According to McKinsey & Company research, e-commerce membership sites have grown more than 100% annually during the past five years. An estimated 15% of consumers have signed up to one or more subscription services for everything from beer and wine, child and baby items, contact ...

This weekend’s reading in payments news, trends, research and innovations from around the globe is for the fast and the furious. Watch for Google’s first-ever retail store in Chicago, Amazon’s possible move into the theater business, and Walmart’s stellar e-commerce results. We’ve also got a ...

Forget free shipping and other online shopping incentives. Walmart and Waymo are partnering to test free, driverless vehicle rides to take customers to Walmart stores to pick up groceries. The pilot program in Phoenix, lets customers order their groceries on Walmart.com and then get a ...

Merchants are losing more than $17 billion in online sales every year due to out of stock products. At retail prices, that number is even larger at $22 billion in lost sales due to unavailable inventory. Those online out of stock rates are twice those ...