DailyPay Makes Debut at NRF 2022: Retail’s Big Show

DailyPay is excited to have been a premier sponsor at NRF 2022: Retail’s Big Show. The show was a big success with nearly 20,000 retailers, vendors and industry experts present throughout the three-day event.

NRF 2022: Retail’s Big Show had dozens of information presentations and sessions for attendees to learn from and network at. The show also had an Innovation Lab that included a Startup Zone. 

The show had various presentations and sessions of different sizes over the course of three days. These sessions gave various vendors the opportunity to promote themselves and some of the important technology retail companies should be on the lookout for. While there were a various number of ideas shared at NRF, DailyPay had three key takeaways:

In a keynote session on January 16th, panelists spoke about culture being about care, growth and winning together. They emphsized how success often comes from team culture, something that was especially important during the height of the pandemic. Many sessions throughout the course of the three-day event focus on improving company culture, especially in a hybrid working environment.

AI and ML are transforming retail and influencing efficiency. On day 2 of the show, an entire session was dedicated to this topic, with discussions of it across the entire span of the show. This particular session, entitled, “Carter’s and Vera Bradley: Increasing efficiency throughout retail and wholesale with ML,” discussed the idea of leveraging machine learning to help make data-driven decisions and increase efficiency. Technology is changing the retail landscape, and many retailers, including some present at NRF, have already tapped into the power of technology in retail by partnering with DailyPay.

Similar topics were discussed across many other sessions. During day 2, in a session called “What do consumers want from today’s store associates?” one company spoke about the importance of making sure the right data is in the hands of employees to improve the customer experience. Another session entitled, “Between a rock and hard place: Customer success and employee retention in 2022,” discussed how retention and customer success can be improved by providing a consistent mobile platform. 

“Throughout the pandemic reliance on retailers (shipping to homes, pick-up outside of stores and in-store shopping) continued to grow. With the incredible increases in sales, the need for employees has never been higher,” Jeanniey Walden, Chief Innovation and Marketing Officer at DailyPay said. “We were thrilled to be part of NRF 2022: Retail’s Big Show for the first time and show retailers support. Operations leaders drive value within their organization and HR leaders support DE&I for everyone with DailyPay’s On-Demand Pay solution.” 

At Retail’s Big Show, DailyPay heard from people who visited the booth that they were not only looking to attract new talent, but remain competitive while also offering something that helps reduce the need for predatory loan options. These are all things DailyPay has proven to help retailers and other clients with.

DailyPay has proven to help retailers improve their bottom line by:

• Reducing cash shrinkage
• Improving turnover by more than 20% (According to DailyPay commissioned research by Mercator Advisory Group)
• Avoiding predatory loan options
• Increase job applications by more than 50% (According to DailyPay commissioned research)

DailyPay is thankful to NRF for putting on an amazing show and looks forward to being back at Retail’s Big Show in 2023!