Payments News

On The Web

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Users

Nike Debuts App-Enabled Experiential Store In NYC

“Nike has opened the Nike House of Innovation on Fifth Avenue in New York City, combining experiential retail with the power of the Nike App. The 68,000-square-foot space spans six levels, each devoted to a separate product line or experience. The store extensively incorporates mobile devices to minimize friction across the shopper journey.”
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Users

Why Are Retailers Hesitant to Explore Omnichannel Opportunities?

“More than 90% of shoppers combine digital and physical channels on the path to purchase, and four in 10 online shoppers are using buy-online, pick-up-in-store (BOPIS) checkout options. But the big news coming out of the 2018 holiday season isn’t how many shoppers are taking advantage of online-to-offline fulfillment. It’s how few retailers are offering it.”
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Deals

NCR Acquires StopLift To Address Self-Checkout Theft And In-Store Shrink

“NCR Corporation has acquired StopLift Checkout Vision Systems, an intelligent computer vision systems provider for retail POS platforms. Financial terms of the transaction were not disclosed. With the growth of Amazon Go and other competing technologies in the cashierless self-checkout space, NCR is reinforcing its focus on self-checkout solutions.”
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Users

Retailers Are Testing Facebook-Style Shopper Profiles to Battle Amazon

“Jessica Ferro recently ordered $200 worth of makeup from Sephora’s online app—and then waited a month for it to arrive. Despite conversations with multiple customer-service agents, the shipment had gone to her old address in Joliet, Illinois. She didn’t yell or document her experience on Yelp or Twitter.  Ferro, 34, did what came naturally: She took her business elsewhere—to Wander […]
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Reports

UK Retail Sales Suffer Worst Year in More Than a Decade

“Sales at UK brick-and-mortar retail stores fell 1.9 percent in December on a like-for-like basis, according to a report Saturday from business advisers at BDO LLP. That capped off the worst year for monthly sales shrinkage since at least 2006, when the firm began tracking data coming from about 85 British retailers with some 10,000 […]
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Deals

Pandora Radio cofounder’s Grabango raises $12 million for cashierless store tech

“Cashierless stores are fast becoming a reality, thanks to Amazon’s aggressive expansion of  its Amazon Go chain and an emergent class of startups looking to nab a slice of the nascent sector. It’s a win-win for retailers: With a checkout-free arrangement, customers don’t have to contend with lines or self-checkout machines, and stores save substantial […]
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Users

Technavio: Online grocery delivery grows with Web |Chain Store Age

“A rising tide is said to lift all boats, and a new study says rising Internet popularity is lifting online grocery delivery. According to a new market research report from Technavio, the global online grocery delivery market will undergo a CAGR (compound annual growth rate) of close to 22% for the period 2018-2022. Technavio analysis indicates […]

On The Wires

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Users

Walgreens Launches Next-Day, Nationwide Prescription Delivery with FedEx

“Walgreens and FedEx Corp. (NYSE: FDX) today announced the nationwide launch of next-day prescription delivery service, bringing together Walgreens extensive network of neighborhood pharmacy locations with the FedEx air-and-ground delivery network to enhance convenience for patients to fill prescriptions. Walgreens is now the fastest choice for next-day prescription delivery across the nation.”
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Companies

7-Eleven Becomes First Convenience Retailer Chain in Canada to Accept Alipay and WeChat Pay

“Today, 7-Eleven Inc. announced that participating stores in Canada will now accept Chinese mobile payment systems Alipay and WeChat Pay. The world’s largest convenience retailer is collaborating with cross-border mobile payment company and market leader CITCON. Alipay and WeChat Pay will now be available at 35 select locations in Vancouver and Toronto, with plans for expansion in next few months.”