Mobile POS
The merging of physical and digital has made retail customers more demanding than ever. What do customers want? They want everything โฆ and they want it now. They want the excitement only physical retail can deliver. As Neiman Marcus CEO Geoffroy van Raemdonck told Forbes about its new store at Manhattanโs Hudson Yards, itโs notโฆ
The dust has settled following the โretail apocalypseโ of 2018, and the numbers reveal that retailโs radical transformation is more nuanced than we once thought. While headlines in early 2019 spelled the end of retail, data from IHL Group shows otherwise. In 2019, retailers announced 2,965 more store openings than closings. Certain retailers led theโฆ
The explosion of smartphones and tablets has created a new way of living and working, especially for the 70 percent of workers, known as untethered workers, who donโt sit behind a desk every day. Companies are embracing the mobile shift and have begun to move their IT applications onto mobile platforms for workers who areโฆ
Iโve long been a proponent of making omnichannel a C-suite issue. It has to come from the top down. But the brands struggling to deliver a true omnichannel experience have a fundamental issue. At an organizational level, many brands still operate online and in-store in silos. E-commerce and physical retail are their own separate entities,โฆ
Letโs be real: the state of brick-and-mortar retail in 2019 is equally exciting and terrifying. Amid widespread closures, uncertainty and the ever-present behemoth that is Amazon.com, there's an amazing wave of innovation in mobility that has the potential to transform โ and yes, save โ the retail experience for a new generation of consumers usedโฆ
Anyone who has walked down Main Street or through a shopping mall recently has seen it. Store after store shuttered. Big-name retailers gone. Even anchor-store locations decamped. These are challenging times for brick-and-mortar retailers. According to S&P Global Market Intelligence, 50 well-known store chains have filed for bankruptcy protection in 2017, among them such iconicโฆ
Target shoppers will be able to avoid long checkout lines this holiday season thanks to a new mobile checkout service. The retailer's store associates will be equipped with mobile devices that can complete shoppersโ checkout processes from anywhere in its stores. The new service, which Target is calling "Skip-the-Line," was launched this week at all companyโฆ
Checking out in retail stores as we know it is changing. No longer do you have to wait in long lines while an associate taps away at an outdated register. Amazon Go stores have completely eliminated check out lines, while Apple Pay has made transactions as quick as a tap of your phone. With theseโฆ
Retailers have come to realize the absolute necessity for mobile. They have recognized mobile apps as a powerful tool for connecting with their customers, offering deals, sharing new products, and making payments easy. From this perspective, itโs a game-changing technology for customer engagement. Yet, this viewpoint only represents a fraction of whatโs possible with mobile apps .โฆ
Innovations in mobile and digital wallets over recent years have resulted in a proliferation of wallet models and solutions, all intended to improve consumer convenience, leverage data, lessen friction or lower the cost of payments. Merchants and issuers looking to understand the key factors and considerations for developing a mobile or digital wallet strategy can find guidance in a new U.S. Payments Forum resource, Mobile and Digital Wallets: U.S. Landscape and Strategic Considerations for Merchants and Financial Institutions.