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Is This The End Times For Brick-And-Mortar Retail?

PYMNTS

Retail apocalypse? Whatever you want to call the decline of brick-and-mortar retail – and it’s getting worse, according to a few recent reports – it’s not good. Among the latest dim figures about brick and mortar (or, if you prefer, the latest bright news for eCommerce operators)? Mere culling of the herd? Online Rising.

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FedEx Makes Major Foray Into eCommerce By Buying ShopRunner

PYMNTS

In pursuit of our purpose of creating the future of retail, we have built the foundation of a cross-brand ecosystem to create a simple shopping experience for consumers and to aggregate the scale of our network for our partners’ benefit,” Yagan said in the news release. ShopRunner CEO Sam Yagan offered a similar take on the deal. “In

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Revolutionizing the Way We Pay: The Top Payment Industry Trends You Need to Know in 2023

Perficient

In fact, according to The Business Research Company’s 2022 Payment Security Global Market Report , the payment security market is expected to reach $43 billion by 2026. All of Instagram’s shopping features allow users to add items from multiple vendors into an Instagram-operated cart. million this year and 94.4 million in 2024.

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Can Real Estate Provide A Lifeline for Physical Retail?

PYMNTS

Might Macy’s be a better landlord than retailer? have been hurt as shoppers make more purchases online, forcing retailers to think of ways to either downsize their footprints or repurpose their stores. The year got off to a bumpy start for the retail chain, as holiday sales slumped when they were supposed to soar. Macy’s Woes.

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Deep Dive: How Restaurant Operators Are Driving mPOS Evolution

PYMNTS

Recent research indicates that restaurant operators are no longer interested in taking a back seat when it comes to industry evolution, and instead want to be active participants as new POS and payment options are unveiled. Impacts on Day-to-Day Operations. Operators can’t neglect in-store service, however.

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Google Cloud, Nokia Join Forces On Cloud-Native 5G Products

PYMNTS

The companies plan to develop solutions that combine Nokia’s 5G operations and networking capabilities with Google Cloud’s AI, ML and analytics technologies. By 2026, Ericsson expects over 3.5 14) press release. The solutions will run on Google’s Anthos platform. billion consumers to use 5G, about 40 percent of the market share.

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UBS to complete Credit Suisse integration by 2026

BankInovation

UBS continues to integrate Credit Suisse into its operations, dealing with high general and administrative costs related to the acquisition.