Digital Technologies Drive Innovation In Retail, Payments
Target crushed online commerce and reported decent in-store sales volume for the holidays, while Urban Outfitters and Nordstrom had weak in-store traffic that even fairly positive online volume couldn’t surmount. In retail technology, Toshiba Global Commerce Solutions new Elera system aims to supplant in-store IT systems with a new cloud-enabled technology. And in digital innovation, mobile payments are bridging the cash and digital divide in Pakistan. All this, Today in Data.
Data:
95%: Approximate share of November/December orders that Target fulfilled via its brick-and-mortar shops.
80%: Share of Pakistan’s adult population that is unbanked.
30: Minimum number of “microservices” on Toshiba Global Commerce Solutions’ Elera system.
22%: Nordstrom’s YOY net sales decline for the nine-week holiday period ending Jan. 2, 2021.
12M: Number of JazzCash’s active users in Pakistan.
Source: PYMNTS
