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Nordstrom Pilots reCommerce With ‘See You Tomorrow’ Concept

PYMNTS

As the newest traditional merchant to try the expanding resale market on for size, Nordstrom is intending to sell secondhand clothes at its New York flagship and through eCommerce. The resale service will take secondhand items from shoppers to sell for gift cards to the retail chain.

Nashville 131
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Nordstrom Pilots Upscale Resale With ‘See You Tomorrow’ Concept

PYMNTS

As the newest traditional merchant to try the expanding resale market on for size, Nordstrom is intending to sell secondhand clothes at its New York flagship and through eCommerce. The resale service will take secondhand items from shoppers to sell for gift cards to the retail chain.

Nashville 130
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Apart-Hotels Turn Apartments Into Boutique Lodging

PYMNTS

At the same time, Gandhi noted the product and quality of apartments have grown so rapidly that the market has facilitated a true boutique experience, a concept he doesn’t think was available even 10 years ago. For payments, Locale accepts credit cards (and does not take cash). The Apart-Hotel Market.

Nashville 139
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Taking A Sharing Economy Approach To Hotel Booking

PYMNTS

They can then choose the regions or neighborhoods in which they are comfortable staying, and pay for their room with a credit or debit card via Stripe. The company’s target market includes Gen Z and millennials. The company offers rooms in markets like New York, San Francisco, Nashville, New Orleans, Chicago and Orlando.

Las Vegas 142
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Quick-Service Restaurants (QSRs) Use In-Store Promotions And Events For A Competitive Edge

PYMNTS

For example, when Chopt opened a new restaurant in Nashville, it held an in-store charity event called Chopt Gives Day. During the event, which occurred during a weekday lunch hour and dinner, all customers who made a donation to a local charity — the Nashville Food Project — received a free salad.

Nashville 118
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Turning Restaurant Payments Invisible

PYMNTS

In the case of BarFrog, Milici said the emotional pain points spawned from personal experiences of leaving a payment card at the bar. He noted that for millennials, who use mostly debit cards that are tied directly to their bank accounts, turning over that card to a bartender isn’t easy.

Payments 164
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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

While the current growth rate needs to be left to each bank based on their capital cost, market, and risk tolerance, the general guide is that growth should be in the 3% to 5% range for this year. When offering a higher money market or CD rate, the direct damage done to cost of funds is often the least of a bank’s worries.