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Sneaker Marketplace Goat Group Nets $100M For Expansion On $1.75B Valuation

PYMNTS

Research firm Cowen estimated in July that the luxury sneaker market is worth more than $2 billion in North America and could be worth $30 billion worldwide by 2030, WSJ reported. Foot Locker last year invested $100 million in Goat Group, with a promise to collaborate on retail online and in stores in the future. “We

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Mobile Game Shows Offer Brands Prized Millennial Viewers

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Millennials are a force to be reckoned with, as they are made up of approximately 90 million individuals with significant spending power: By 2030, their aggregate annual income is projected to be more than $4 trillion. However, the platform does send the proceeds to the brand, less any money donated to charity. Payments And Cash Back.

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AI/Bot: Dole’s Secret Artificial Intelligence Weapon

PYMNTS

PYMNTS spoke with Dole Packaged Foods Asia VP of Marketing and Innovation Ashvin Subramanyam and Albert CEO Or Shani about this campaign and learned what AI is doing for the retail space. It’s clear that artificial intelligence has had an enormous impact on the retail industry as evidence by Dole Asia’s awareness campaign results.

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IKEA Launches Furniture Rentals

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The world’s largest furniture retailer will soon launch a trial program in Switzerland, with offerings that include several different types of furniture, such as desks and chairs for businesses. “We IKEA will start leasing furniture as it transforms its business model in an effort to attract more customers and reduce its carbon footprint.

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Will Vroom’s Plan To Bring AI To Auto Sales Mark The Death Of Dealerships?

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As car buyers and sellers across the country increasingly turn to eCommerce solutions, CarStory will strengthen and extend the reach of our digital retailing platform, and together we will accelerate the transformation of the massive used auto industry,” Vroom CEO Paul Hennessy said in announcing the $120 million cash-and-stock deal.

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Staring Into The Crystal Ball of Retail’s Future

PYMNTS

Unfortunately, there’s no magical crystal ball that can provide a glimpse into the future of retail. Considering all of the new technologies, changing consumer behaviors and innovation taking place across the retail sector, we have no way of knowing exactly what’s coming next. Seeing Retail Differently. The Industry Speaks.

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The Whole Paycheck Tracker: Walmart vs. Amazon

PYMNTS

But with its roughly 50 percent share of all online retail, its $13 billion acquisition of Whole Foods and the expansion of its cashless convenience stores, Amazon is a serious retail challenger. percent of the consumer’s total retail spend as of February 2019, compared to Amazon’s 6.4 By the numbers, Walmart commands 9.1

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