PYMNTS-MonitorEdge-May-2024

shopping

How consumers find what they want to buy and buy it in a world that is no longer defined by a physical place but what a consumer wants to buy and how she wants to buy it. Connected devices and the integration of payments into this now digital-led shopping journey is creating new ways for merchants and consumers to interact and disrupting traditional retail business models.

Retailers Grapple With Mounting Pressures as Middle Class Takes a Hit
Retailers Grapple With Mounting Pressures as Middle Class Takes a Hit
March 08, 2024  |  Retail

As ongoing economic pressures shrink the middle class, retailers are being challenged to either cut prices and step up their deals and discounts or make...

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New Research: Card-Linked Offers Reaching Top Earners and Gen Z
New Research: Card-Linked Offers Reaching Top Earners and Gen Z
March 05, 2024  |  Merchant Innovation

The end of 2023 provided little reprieve from rising prices, even as the impending holidays encouraged consumers to manage spending. The need to save made...

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Gen Z and Millennials Want AI-Enabled Shopping Experiences
Gen Z and Millennials Want AI-Enabled Shopping Experiences
March 04, 2024  |  Artificial Intelligence

Many consumers may still be hesitant about the future of artificial intelligence (AI) in commerce, but PYMNTS Intelligence research has found that young consumers are...

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Real-Time Insights Give Brands New Eyes on Inventory in Stores
Real-Time Insights Give Brands New Eyes on Inventory in Stores
March 01, 2024  |  Retail

Brands invest significant resources in merchandising, often relying on third-party interventions to ensure proper stocking and presentation of products in stores.  To accomplish this, brand...

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Consumers Want Personalized Promotions; Just Half Receive Relevant Ones
Consumers Want Personalized Promotions; Just Half Receive Relevant Ones
March 01, 2024  |  Consumer Insights

Everyone likes a customized gift, right?  Yes, but only if it’s the right gift. A recent study from PYMNTS Intelligence confirms personalized offers from merchants can...

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Lack of Payments Choice Risks Higher Cart Abandonment on Online Brand Sites
Lack of Payments Choice Risks Higher Cart Abandonment on Online Brand Sites
February 29, 2024  |  eCommerce

Cart abandonment, a key element of increasing online conversion, poses a significant challenge for online marketplaces, retailer and brand sites. This issue is increasingly worrisome...

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Data Shows January US Sales Sink but BNPL Can Boost Consumer Demand
Data Shows January US Sales Sink but BNPL Can Boost Consumer Demand
February 22, 2024  |  Personal Finance

According to the U.S. Commerce Department, retail sales dropped in January by a seasonally adjusted 0.8%.  Conventional wisdom suggests a post-holiday season decline in sales would...

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Zilch Unveils BNPL Plan for ‘Significant Purchases’
Zilch Unveils BNPL Plan for ‘Significant Purchases’
February 22, 2024  |  BNPL

British buy now, pay later (BNPL) firm Zilch has launched a new credit payment product. The company says its “Pay over 3 months” product, announced Thursday...

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Report: 1 in 5 US Consumers Now Shop In-Store the Same Way They Shop Online
Report: 1 in 5 US Consumers Now Shop In-Store the Same Way They Shop Online
February 20, 2024  |  VISA

Click-and-Mortar™ experiences — where consumers use convenient digital features alongside in-store shopping — are changing retail in the United States. Consumers are beginning to adopt...

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