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U.S. Bank branch restructuring is underway with closures in Chicago area

Bank Innovation

Bancorp is closing 21 branches in the Chicago area as part of a restructuring plan to expand its physical footprint in some markets while shrinking its presence in others, bank spokesman Evan Lapiska confirmed.

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Billtrust Expands Presence In Chicago

PYMNTS

Accounts receivable automation firm Billtrust announced that it is expanding its presence in Chicago. The new space will hold employees in marketing, sales, and business development. Chicago has been an incredible host to Billtrust, and we are thrilled to be growing our team there,” Billtrust CEO Flint Lane said in the announcement.

Chicago 100
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Uber Freight To Invest $200M To Set Up Shop In Chicago

PYMNTS

Uber Freight has announced that it is investing $200 million to “put down roots” in Chicago. Chicago is consistently at the forefront of innovation, from building America’s foundational transportation systems and its first skyscraper, to fostering world-class universities and research centers.

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The Resilience Of Subscription Commerce And Auto Sales 

PYMNTS

The automotive market is surging amid COVID-19, and companies such as Carvana are reaping the benefits. Carvana has been an innovator in the space, with its high-profile vending machines in multiple major markets. Data: 293%: Increase in the Chicago Tribune’s digital subscriptions in March. All this, Today in Data.

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Innovation-Seeking Big Brands Pop Up In Small Spaces

PYMNTS

It also comes with a bit of staffing twist, as Macy’s own team members will service the brands per a February The Market@Macys report. Cosmetic firm Glossier opened a new retail store on Chicago’s West Loop on Aug. The Chicago store is not Glossier’s first run at pop-up shops. Stay tuned.

Branding 143
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Digital Freight Services Race Toward More Cash And Last Mile Innovation

PYMNTS

The latest example of the power of those digitally-enabled innovative efforts comes from online freight marketplace operator Convoy. Earlier this year, Uber Freight has announced that it is investing $200 million to “put down roots” in Chicago. As The Wall Street Journal reported this week (Nov.

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7-Eleven Launches Beer Delivery In Select US Markets

PYMNTS

” According to Fortune , the company will test the service in 18 markets: Austin, Texas; Charlotte, North Carolina; Chicago, Illinois; Dallas-Ft. .” ” According to Fortune , the company will test the service in 18 markets: Austin, Texas; Charlotte, North Carolina; Chicago, Illinois; Dallas-Ft.

St. Louis 129