The impact of the pandemic on consumers’ geographic distribution has continued, with shoppers increasingly residing outside of major urban areas, and this trend away from cities is decelerating retail’s digital shift. PYMNTS’ Q1 eBook, “The Implications of Uncertainty,” collects insights from 18 payments industry executives to...
Banks have been fine-tuning their branch efforts as the pandemic recedes, shuttering locations in some markets and building new outposts in others. The Federal Reserve said in a recent blog post that in some cases, “banking deserts” have emerged, impacting 12 million individuals in the...
After years of financial challenges (and consequent consumer cutbacks) prompting luxury merchants to focus more on shoppers with plenty of cash to burn, it seems the aspirational customer is beginning to return. Just three months ago, luxury eCommerce platform Mytheresa was telling investors about how...
Three years after its launch in the United States, Walmart Luminate, the retailer’s insights solution, is being rolled out worldwide. Walmart’s data analytics product suite will be expanded to Walmex in Mexico before being offered by Walmart Canada later this year, according to a Thursday (May 16) press...
May 20, 2024
As shoppers turn to eCommerce channels for convenience, many are still willing to go to brick-and-mortar malls for unique, site-specific experiences. Seizing on this demand, Mall of America, the largest shopping center in North America, announced Friday (May 17) that it will soon open an on-site game-show-style amusement center, Great Big Game Show, where consumers play the sorts […]
May 17, 2024
Banks have been fine-tuning their branch efforts as the pandemic recedes, shuttering locations in some markets and building new outposts in others. The Federal Reserve said in a recent blog...
May 14, 2024
Consumers are increasingly buying clothing from third-party digital marketplaces, forcing more retailers to close shop. Most recently, Ted Baker’s North American business announced Friday (May 10) that amid bankruptcy proceedings in the United...
April 30, 2024
Typically, consumers’ preferred purchasing channel remains the physical store, but when it comes to buying electronics, shoppers turn to third-party marketplaces for affordability and convenience. By the Numbers The new PYMNTS Intelligence...
May 16, 2024
Three years after its launch in the United States, Walmart Luminate, the retailer’s insights solution, is being rolled out worldwide. Walmart’s data analytics product suite will be expanded to Walmex in Mexico before being offered by Walmart Canada later this year, according to a Thursday (May 16) press release. “Since we launched Walmart Luminate, we’ve successfully aided in […]
May 03, 2024
Several banks have reportedly expanded their retail footprint into airport terminals. These bank branches in airports offer convenience, comfort and a range of financial services to existing customers, while also serving as...
April 26, 2024
Walmart has been expanding its omnichannel capabilities across its three segments: Walmart U.S., Walmart International and Sam’s Club. The company’s people and technology are dedicated to giving customers the opportunity...
April 25, 2024
Web provider GoDaddy has introduced a smaller point-of-sale (POS) tool for small businesses. Smart Terminal Flex, announced Thursday (April 25) is designed to fit inside an apron pocket while still helping businesses...
