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Tag: PYMNTS News

Checkout and GenAI chatbot improve the in-store shopping experience

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Checkout and GenAI chatbot improve the in-store shopping experience

An optimized checkout experience and the use of generative, artificial intelligence-powered handheld devices for employees have improved the in-store shopping experience. Goalthe retailer said on Wednesday (21 August). Target was able to improve the in-store checkout experience in the second quarter after Self-service checkout and ensuring adequate staffing in the full-service areas, Target Chief Operating […]

Walmart sells JD.com shares amid increasing focus on China

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Walmart sells JD.com shares amid increasing focus on China

Walmart has sold its entire stake in Chinese e-commerce giant JD.com. The move, announced in a securities filing on Tuesday (August 20), comes as Walmart increases its own focus on the Chinese retail sector. According to JD.com’s 2023 annual report, Walmart owned a nearly 10% stake in the company at the end of last year. […]

Best Buy introduces AI-powered delivery tracking

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Best Buy introduces AI-powered delivery tracking

Best Buy is introducing an artificial intelligence (AI)-based delivery tracking system that promises up-to-the-minute updates. The company is looking to satisfy customers who are increasingly frustrated with vague delivery windows and limited order transparency. Experts say the move comes as the e-commerce sector grapples with rising consumer expectations for delivery transparency and efficiency. “Over 30% […]

Shopify and YouTube expand their shopping offerings to more retailers

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Shopify and YouTube expand their shopping offerings to more retailers

Thousands of other brands that Shopify can now make their products available for creators to tag in shopping videos on YouTube. YouTube and Shopify have expanded their partnership to offer all justified Shopify Plus And Progressive Dealers in the United States to register for YouTube Shopping‘s partner program through the Google and YouTube app on […]

E-commerce now accounts for 15.2% of retail sales while growth slows

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E-commerce now accounts for 15.2% of retail sales while growth slows

If there was one catchphrase that was mentioned in the results comments and presentations in recent weeks, it was this: Normalization. Credit card companies And Banks and even some retailers have given the indication that the peaks of the pandemic and the after the pandemic The era of mass prostitution – mainly in the form […]

IKEA expands use of AI-supported drones in its warehouses

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IKEA expands use of AI-supported drones in its warehouses

Forget Allen keys and wordless instructions. IKEA’s latest innovation comes with propellers and algorithms. The Swedish furniture giant is taking to the skies—or at least the ceiling—with a fleet of drones powered by artificial intelligence (AI). Their mission is to tackle the chaos of inventory management in IKEA’s massive warehouses. After a year of testing […]

93% of truckers would use instant payments if they were offered

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93% of truckers would use instant payments if they were offered

The transportation industry is a high-speed world of logistics and delivery where efficiency and speed are paramount, but the methods many transportation companies use to conduct financial transactions are not evolving at the same pace. A recent PYMNTS Intelligence report titled “Faster Than Ever: Real-Time Payments in the Transportation Industry,” published in partnership with The […]

Recession appears less likely according to labor market/sales reports

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Recession appears less likely according to labor market/sales reports

Economists at Goldman Sachs have reduced the likelihood of a recession in the United States. As Bloomberg News reported On Saturday (August 17), the banking giant estimated that an economic downturn could occur based on the latest data on retail sales and unemployment figures, with the probability previously being 25 percent. And assuming the next […]

Europe is a battleground as Epic challenges Apple’s dominance

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Europe is a battleground as Epic challenges Apple’s dominance

Rival app stores. New mobile ecosystems – and the main players in a battle that has been raging for four years remain the same. Epic’s fight against Apple’s app store practices has found a beachhead in Europe, where new laws have redrawn the competitive landscape. The same concerns about app store creation, in-app payments and […]

Revolut is valued at $45 billion through secondary share sale

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Revolut is valued at billion through secondary share sale

Revolut signed agreements with investors for a secondary share sale that values ​​the company at $45 billion. The British FinTech launched a secondary sale of shares to provide liquidity to employees and attract both new and existing investors, according to a statement published on Friday (August 16). Press release. “We are happy, the possibility, “We […]