As Amazon looks to license its Just Walk Out checkout system to more stores, the eCommerce giant is upgrading the artificial intelligence model to improve accuracy. The company announced in a blog post Wednesday (July 31) that the new multimodal AI foundation model uses advanced...
As early-stage brands look for digital tools to build and grow their following, Pop & Bottle has seen social media point the way forward for its geographic expansion. In an interview with PYMNTS for the Shop Talk series, Jash Mehta, co-founder of the latte brand,...
Amazon Prime membership is on the rise, encompassing the majority of consumers, but PYMNTS Intelligence data shows that Walmart’s quickly growing membership is becoming a force to be reckoned with. By the Numbers This year’s installment of the PYMNTS Intelligence Amazon Prime Day study draws...
Gift card scams are back in the news, with two federal agencies issuing warnings about their proliferation and one state now passing a law aimed at stopping its latest iteration called card draining, where scammers deplete the value of gift cards before they are used....
As many consumers look for ways to ease their doomsday anxieties, Costco is positioning itself as the go-to retailer for consumers who are worried about worst-case scenarios. The warehouse club retailer is selling a discounted Emergency Preparedness Food Bucket promising 150 just-add-water food and beverage...
Amazon and Walmart are looking to make the online shopping experience more visual in an effort to boost consumers’ eCommerce engagement. Amazon’s Image Searches Amazon, for its part, has been touting its visual search capabilities with its Amazon Lens tool. The eCommerce giant shared in...
Married parents are emerging as the leading demographic for apparel retailers, demonstrating a preference for clothing and accessories purchases compared to other household types, and merchants are adapting accordingly. By the Numbers “The Last Transaction: Family Spending Habits Reveal Merchant Opportunities in Retail and Travel,”...
As Best Buy looks to turn its sales around, the electronics retailer is rethinking its relationship to its customers as shoppers’ expectations have evolved, prioritizing providing inspiration over product education. The retailer announced Tuesday (July 23) a range of branding and user experience changes. This...
Shoplifting surged by 30% in England and Wales over the last year, a government agency reported Wednesday (July 24). Leaders of a retail trade union and a convenience store trade association attributed the increase in part to insufficient police presence and a too-high threshold for...
