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How Experiential Retail Is Giving Physical Stores An Edge

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As 2020 unfolds, the retail business has been dramatically altered. But with consumer spending holding steady, it’s important for retailers to grasp the opportunity to create innovative ways to get, keep and grow customers. And retailers that deploy experiential tactics drive repeat purchases at rates nearly twice those who don’t.

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Retailers Ask The Fed For Real-Time Payments

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The system may eventually shorten the lag time between when a shopper pays with a debit card to when the funds arrive at the retailer, The Wall Street Journal reported. Target and Walmart, as well as trade groups like the National Retail Federation, have reportedly long talked to the Fed about faster payments.

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Retail Pulse: 7-Eleven Tests Cashierless Tech; Staples Debuts Connect Store Concept

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Brick-and-mortar retailers are testing convenience store designs that let consumers skip the checkout line and pay for their purchases with their mobile phones. 7-Eleven President and CEO Joe DePinto said in an announcement , “Retail technology is evolving at a rapid pace, and customer expectations are driving the evolution.

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Starbucks Launches $100 Million Fund To Support SMBs

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The aim of the Starbucks Community Resilience Fund is to support SMBs in areas “with historically limited access to capital,” the release said, to promote racial equality and environmental resilience. Starbucks announced on Tuesday (Jan. It will also offer mentorship and technical support, according to the press release.

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Amazon Plans To Expand Grocery Stores Across The US

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billion for Whole Foods , the online retail giant is planning to open its second automated-checkout grocery store in Seattle’s Eastside neighborhood and is hiring managers for a third store in the city’s Capitol Hill district, The Seattle Times reported. Three years after it paid $13.4 And it’s not stopping there. the Times reported.

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Grubhub Launches Relief Fund To Aid Restaurants, Drivers

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Mayors from New York City, Chicago, Boston and Portland are participating in a program where Grubhub will suspend the collection of up to $100 million in commission payments from restaurants across the country. Independent restaurants are the lifeblood of our cities and feed our communities,” said Grubhub CEO Matt Maloney.

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Staples To Debut New Store Format With Coworking, Podcasting

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Staples is thinking outside the box with a new store format that highlights podcasting, community events and coworking spaces. Retail, said per the announcement, “We recognize that the way people shop is changing, and with the launch of Staples Connect, we are adapting to fit the needs of our customers.” Mike Motz, CEO of Staples U.S.