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Huntington Teams With TCF Financial In $22 Billion Bank Merger

PYMNTS

The newly-combined company will operate under the Huntington name and brand. This partnership will provide us the opportunity for deeper investments in our communities, more jobs in Detroit, an increased commitment in Minneapolis and a better experience for our customers,” Torgow said.

Detroit 237
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Digital-First Economy Redefines Retail And Consumer Behavior

PYMNTS

Direct-to-consumer (D2C) brands drove into the pandemic and adapted to it to catch the digital shift. These are the brands that have either created new product categories, new business models or pivots on their previous business models. Adore Me, for example, was a thriving eCommerce brand before the pandemic. D2C Explodes.

Retail 295
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Walgreens’ Prescription For Change

PYMNTS

The pair-up will also see some private-label Kroger brands migrating onto Walgreens’ shelves. It’s clearly the same operating logic that drove Walgreens to recently announce its partnership with beauty brand and subscription box early innovator Birchbox. in early 2019. in early 2019.

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Pop-Up Shops Fit Trend Toward Smaller Retail Spaces

PYMNTS

Already it has operated a pop-up experience in the Los Angeles areas, CEO Gabriel Schlumberger told PYMNTS, with more such efforts planned for other locations. The firm first began testing the concept last October at its Minneapolis-based Glenwood Avenue headquarters. Costs for pop-up shops can vary widely, of course. Amazon Moves.

Trends 121
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Target Lays Off 40 At Headquarters

PYMNTS

Target , the Minneapolis retailer, has eliminated close to 40 corporate headquarter jobs as part of a massive overhaul of operations. It’s been investing in in-house brands, remodeling stores and expanding its merchandise, noted the report.

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More Retailers Are Checking Into Hotels In Search Of Innovation

PYMNTS

Luxury fitness brand Equinox is set next month to open its first hotel in New York City, “with more on the horizon in Seattle, Houston, Chicago, Los Angeles and Santa Clara, Calif.,” As well, the furnishings brand RH, formerly known as Restoration Hardware, plans to open RH Guesthouse in New York in the fall. and Portland, Maine.

Retail 116
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Best Buy’s Board Loses Former CEO

PYMNTS

Anderson has a long and winding history with Best Buy , assuming the roles of president and chief operating officer from 1991 to 2002, when he moved a few rungs up the ladder to CEO, where he remained until 2009. Paul Business Journal explained. “It