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Walmart Brings BNPL to Self-Checkout in 4,500 Stores Via Expanded Partnership with Affirm

Retail TouchPoints

Walmart will offer buy now, pay later (BNPL) options at self-checkout kiosks in more than 4,500 U.S. Indeed, until recently most BNPL offerings were relegated to the digital realm, but stores are widely seen as the next big area of expansion for this increasingly popular financing option. year over year.

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Making Fulfillment a Revenue Driver: 6 Ways Design and Tech Can Collaborate

Retail TouchPoints

But moving forward, Nicholas believes that store fulfillment will only get more attention from finance teams, which means stores need to think about how they can drive layout and labor changes to support moments of engagement.

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2023 in review: 8 stories that rocked retail this year

Retail Gazette

Elsewhere, The Co-op and M&S have limited the number of products on shelves to deter shoplifters, while both Sainsbury’s and Morrisons have introduced barriers at self-checkout areas where shoppers have to scan their receipts to exit.

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These Were the Top Retail Stories of 2022

VMS

In California, Amazon-owned Whole Foods stores launched palm-scanning technology at checkout. The palm images, after being entered in a kiosk at the 65 locations, link shoppers’ palms to payment cards. In September, still struggling to find the key to survival, the retailer announced more than $500 million in new financing.

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The Rise of Micro Markets in Airports

Retail TouchPoints

This, combined with workforce shortages, has caused airports to move more toward automation, with self-service check-in kiosks, baggage drops and mini stores. According to SITA, by 2024 88% of airports are expected to be equipped with check-in kiosks and 59% will have automated border control.

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Retail x Fintech: The Importance of Security in Retail’s Adoption of BOPIS and Payment Installment Plans

Retail TouchPoints

Many retailers also have begun to use buy now, pay later services as an alternative to a single payment on a credit card, allowing consumers to receive instant access to financing. This helps online retailers capitalize on the added benefits of reduced cart abandonment and customer frustration during checkout that impacts brand loyalty.