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Digital-First Economy Redefines Retail And Consumer Behavior

PYMNTS

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. They and others have succeeded because they entered the market independent of traditional retail, and because their business model fit the needs of the pandemic.

Retail 295
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Sezzle Names Former PayPal Exec To Lead Sales

PYMNTS

Sezzle , the Minneapolis-based installment-based payments platform, has announced the appointment of Reid Bork to its leadership team. In the newly created role, he will be responsible for leading the company’s large-scale retail acquisition efforts.

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Instacart Raises $271M On $7.8B Valuation

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hedge fund Tiger Global Management and existing investors Coatue Management and Valiant Capital. The funding round was led by hedge fund D1 Capital Partners, and came only six months after the startup closed on a $350 million round of investing. A source told Reuters that the additional funding comes from investors, including U.S.

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Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

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Score one for the Midwest: Verizon said this week (March 13) it will launch its 5G network in Chicago and Minneapolis on April 11. The announcement from the mobile network provider serves as the latest demonstration that 5G is coming, and that retailers and payment services providers should get ready to operate in the 5G world.

Mobile 168
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Whole Paycheck Tracker: Target, Walmart Comparison Uncovers Different Digital-First Strategies

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It’s hardly competing with Amazon yet, but Target has shown more digital momentum than any major retailer during the pandemic. So far, it looks like Walmart could steal a few pages from its Minneapolis-based neighbor. The more standard one is the Capital One-issued rewards card.

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Peace Coffee Perfectly Times Its Pandemic-Fueled Growth

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The retail news is full of companies that have made brilliant and sometimes dramatic pivots to catch up with the shift to Digital 3.0. Such is the case with Minneapolis-based Peace Coffee. While Wallace and her team will continue to build that channel, she expects that recent retail successes will carry the year.

Milwaukee 130
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Whole Paycheck Tracker: Trying FIT® On For Size

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It’s not often that Walmart gets upstaged in the world of retail. But this week, Bentonville got smoked by the other brick-and-mortar powerhouse just up the Mississippi River in Minneapolis: Target. Unless Walmart+ is in the mix, it’s hard to say that the retailer is pushing customers toward the digital experience.

Retail 181