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Forever 21 Files For Bankruptcy; Plans To Exit Asia, Europe

PYMNTS

The filing will allow the retailer to continue operating while it attempts to reorganize the business and return to profitability. It will continue operations in Mexico and Latin America, the article said. is expected to reach $64 billion by 2028, according to the retail analytics firm GlobalData , CNBC reported.

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Retail Pulse: Amazon Grows 4-Star Footprint; Forever 21 Files For Bankruptcy

PYMNTS

Online retailers are expanding their brick-and-mortar footprints – and using feedback from eCommerce customers to inform the selections in their new stores. A data team from the eCommerce retailer determines what is sold at the locations, Amazon Physical Stores Director Drew Sheriff told MetroWest Daily News.

Retail 109
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FinTech Innovation Eases B2C Sellers’ Entrance Into The B2B World

PYMNTS

When Home Depot announced last month its plans to acquire HD Supply Holdings , it wasn’t just a sign of expansion for the home improvement retailer. The takeover signaled an evolution of the company's business model from a traditionally business-to-consumer (B2C) seller, to one that includes business-to-business (B2B) operations.

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FinServ Starts To Draw The Line Between Freelancer And Small Business

PYMNTS

Increasingly, growing demand for improved digital services, and the emergence of FinTechs targeting small businesses, has encouraged traditional banks to develop tools specific to their SMB customer base, which was once too big for retail products and too small for enterprise services. The gig economy continues to expand in the U.S.

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Can Google Fight Off Amazon And Facebook In Online Ad Race?

PYMNTS

That results in a positive feedback loop for Amazon, according to a report from NPR : The more often consumers start their searches with Amazon, the more data about their browsing and shopping experience is collected and analyzed by the eCommerce operator. Google, of course, doesn’t intend to let that happen without a fight.

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Fashion Forward: How Tech Is Targeting Waste & Pollution In The $2.4T Fashion Industry

CB Insights

GET the 54-page retail TRENDS report. Download the free report to learn about the biggest emerging trends in retail and strategies to watch for 2019. Fueled by social media, consumers want to get a hold of the latest trends as quickly as possible, and retailers must rapidly increase production to meet demand. Source: ThredUp.

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5G & The Future Of Connectivity: 20 Industries The Tech Could Transform

CB Insights

5G technology could help production operations in the manufacturing industry become more flexible and efficient, while enhancing safety and lowering costs to maintain. Worldwide spending on AR and VR applications for retail showcasing is expected to reach approximately $59B by 2020. We dig in below. Manufacturing. Financial Services.