Today In Data

Today In Data: Welcome To The Future

The way people do business day-to-day is changing faster than many companies can keep up with. The shopping experience, ordering food, and how people pay for it all seem to be in constant flux, with customers’ expectations equally fickle.

Here’s how some big players are setting up to shift the goalposts even more in the coming years – by the numbers:

6 million + | Retail workers at risk of replacement by robots over the next 10 years, according to a new study by Cornerstone Capital Group. The change will likely start with cashiers.

63% | Millennials looking to achieve the amount of savings or income necessary to live their desired lifestyle, which drastically differs from most (55 percent) Gen Xers and baby boomers, who are saving to leave the workforce.

$2,000 | Per-coin value of Bitcoin as of May 22, perhaps signaling a breakthrough for the cryptocurrency.

13 | Standalone Forever 21 stores (dubbed “Riley Rose”) to open in the next two years, giving the brand an opportunity to pilot a new experience for tech-savvy millennial shoppers.

3.4% | Dip in GrubHub stocks after Facebook announced its new “Order Food” button. GrubHub stocks have since recovered from the hit, but the food delivery sector is likely to remain in upheaval as new players and technologies continue to change the game.

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PYMNTS STUDY: THE CROSS-BORDER MERCHANT FRICTION INDEX – JUNE 2020

The PYMNTS Cross-Border Merchant Friction Index analyzes the key friction points experienced by consumers browsing, shopping and paying for purchases on international eCommerce sites. PYMNTS examined the checkout processes of 266 B2B and B2C eCommerce sites across 12 industries and operating from locations across Europe and the United States to provide a comprehensive overview of their checkout offerings.

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