Around the world, computer vision checkout is growing, both in terms of its availability and its physical footprint, despite significant cost challenges to making the retail technology worth its while. German grocer Rewe recently announced Europe’s largest-yet computer-vision-powered checkout store, with its new roughly 13,000-square-foot...
Smart mirrors present an opportunity for retailers to embed shopping capabilities into the try-on process, PYMNTS Intelligence reveals. By the Numbers PYMNTS Intelligence’s report “How We Will Pay Report: How Connected Devices Enable Multitasking Among Digital-First Consumers” drew from a survey of more than 4,600...
The future of commerce will be “customer-centric, interconnected, frictionless and consistently exceeds expectations.” So said Walmart in a Tuesday (Jan. 9) press release describing some of its latest retail technologies that were unveiled at the CES trade show. “The way people buy and discover goods has evolved into a seamless integration...
If there’s a positive development from the disruptive effect the COVID-19 virus has had on retailing, it’s a renewed focus on technology and the supply chain. Retailers are suddenly aware that goods don’t arrive by magic. And they’re aware that vulnerabilities in technology can be...
February 20, 2020
While Victoria’s Secret struggles as the lingerie industry goes increasingly omnichannel, a hyper customer focus and an obsession with tech has helped AdoreMe build a solid eCommerce presence, along with a cautious brick-and-mortar play. Chief Technology Officer Bogdan Lukaciu tells PYMNTS how the brand has worked to achieve low cart abandonment and high conversion rates, while remaining unseduced by VC charm.
February 10, 2020
In some ways, the dawn of 2020 is a golden time for female entrepreneurs — in that there are more female-founded firms than ever before. In fact, women are founding...
January 09, 2020
Sometimes, a technology takes longer than expected to find its footing in a market. The ATM card, for example, was around for quite a while — since the early 1960s...
January 06, 2020
A typical episode of TLC’s “Say Yes To The Dress” can offer one the basic sketch of the drama that is buying a wedding dress. Though the details change somewhat...
January 09, 2024
The future of commerce will be “customer-centric, interconnected, frictionless and consistently exceeds expectations.” So said Walmart in a Tuesday (Jan. 9) press release describing some of its latest retail technologies that were unveiled at the CES trade show. “The way people buy and discover goods has evolved into a seamless integration of online and offline experiences,” the retailer said in the […]
November 21, 2019
Retail Business Services (RBS), the services company of Ahold Delhaize, has announced that it is testing out a new frictionless store technology at its Quincy, MA office. The technology, which...
March 21, 2019
Walmart‘s Chief Technology Officer Jeremy King is stepping down. According to an internal memo obtained by CNBC, King will be starting “a new adventure soon,” although no specifics were given...
February 07, 2019
Pinterest has fully automated Shop the Look, a feature that enables users to buy products from the company’s partners. Launched in 2017, Shop the Look uses artificial intelligence to find...
