Today In Data: Digital Retail Innovation

By  |  October 17, 2018
 | 

New technologies bring new opportunities to serve consumers, and retailers are offering their customers more digital options than ever to meet their wants and needs. They are innovating to meet consumer demand for new payment methods, and to improve customer convenience through technologies such as kiosks. At the same time, sports gambling is a big business: The American Gaming Association said that Americans wager a whopping $150 billion on sports annually. And in the art world, Christie’s is testing a new blockchain application that is said to encrypt the registration of art transactions.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Data:

    $150 billion: The amount that the American Gaming Association said U.S. consumers wager on sports annually.

    1,000: The number of U.S. stores per quarter where McDonald’s plans to add self-service over an eight- to nine-quarter period.

    $300 million: The value of the Barney A. Ebsworth art collection, which is involved with Christie’s pilot of a blockchain art transaction application, is estimated to exceed this amount.

    56 percent: The percentage of retailers that say they innovate to meet consumer demand for new payment methods.

    Advertisement: Scroll to Continue

    49 percent: The percentage of retailers that believe innovation is imperative to improving business applications for back-office operations.


    Recommended

    Unboxing Gifts for the Pet Who Tolerates You

    Unboxing Gifts for the Pet Who Tolerates You

    Senate Bill Aims to Gather Data About AI’s Impact on Workforce

    Dozens of Apple Employees Have Moved to OpenAI and Meta in Recent Months

    credit cards consumer credit

    Consumers Added to Card Balances Ahead of Holiday Shopping

    See More In: , , , , , , , , ,