PYMNTS

FEBRUARY 8, 2018

Brick-and-mortar retail oftentimes gets a bad rap in 2018. Last year saw store closures spike 200 percent to 7,000 — the worst retail bloodletting since the dark days of the 2008 recession. The widely shared consensus is that this could all get quite a bit worse for physical retail before it gets better.

Chicago 102

Chicago Retail Boston New York 102

PYMNTS

MARCH 2, 2020

s most high-profile retailers is doing well in the U.S. and another one is ready to open, both of them seeking a new market as their home turf sees retail struggles. s fastest growing brick-and-mortar retailer, Wren Kitchens. And also in training our retail staff to offer the customer a fantastic service.”.

Retail 132

Retail Marketing US Connecticut 132

PYMNTS

APRIL 4, 2018

Target has announced it is opening additional small-scale stores in New York City (NYC) and Chicago. In 2016, the company announced it had opened 23 “flex-format” stores — smaller stores less than 50,000 square feet designed for urban shoppers — in metro areas like Chicago, Philadelphia and Berkeley, California. ”

Chicago 100

Chicago New York City Philadelphia New York 100

PYMNTS

DECEMBER 2, 2020

In pursuit of our purpose of creating the future of retail, we have built the foundation of a cross-brand ecosystem to create a simple shopping experience for consumers and to aggregate the scale of our network for our partners’ benefit,” Yagan said in the news release. “The ShopRunner CEO Sam Yagan offered a similar take on the deal. “In

Chicago 285

Chicago Branding Marketing Retail 285

PYMNTS

DECEMBER 11, 2018

Retailers are doubling down on toys amid a gap in the market left by the bankruptcy of Toys R Us. toy retailer Hamleys , for instance, is eyeing a potential New York City location for a flagship store. The atmosphere comes as brick-and-mortar retailers have to differentiate themselves from their eCommerce counterparts.

Retail 166

Retail US New York City Los Angeles 166

PYMNTS

OCTOBER 23, 2018

To help shoppers check out without waiting in line, grocery retailers are rolling out entire stores centered around cashierless shopping experiences, enabling consumers to purchase fresh food and grocery items with a mobile payments app. The projected value of the global self-service market by 2023 is $13 billion.

Retail 161

Retail Seattle San Francisco Metro 161

PYMNTS

JANUARY 25, 2021

Twenty-two-year-old entrepreneurs Nick Hamburger and Zack Schreier started their first business in sixth grade, charging students at their Chicago-area school $3 for some cool Japanese soda pop that they bought for $1.25 — until the administration shut them down. Investor Daniel Lubetzky. They're kind of like chips. Hamburger recalled. “We

Chicago 291

Chicago Study Retail Company 291

PYMNTS

JULY 5, 2020

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.

Seattle 220

Seattle San Francisco US Chicago 220

PYMNTS

SEPTEMBER 21, 2018

To break into the brick-and-mortar world, some digitally native retailers have opened shops inside department stores. At the same time, that business now accounts for half of the retailer’s revenue. In San Francisco, the company’s third-largest market, 83 percent of transactions by subscribers are “self-service.”.

San Francisco 123

San Francisco Retail Chicago San Diego 123

PYMNTS

AUGUST 5, 2020

Slovenski serves as senior vice president and president of health and wellness for the retail giant. Slovenski joined Walmart in 2018 and worked to expand the company’s healthcare market, including opening clinics. The idea was to compete more with Amazon and branch out in terms of revenue sources.

Atlanta 225

Atlanta Florida Chicago Retail 225

PYMNTS

NOVEMBER 4, 2020

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.

Chicago 214

Chicago Data Innovation Marketing 214

PYMNTS

SEPTEMBER 14, 2018

Cashierless stores aren’t just for mega retailers like Amazon to sell prepared food from their kitchens or products from other producers: Beverage brands, among other companies, are getting into the action and choosing this checkout experience for stores that showcase their own products IRL (“in real life”) as a marketing tool.

Branding 139

Branding Marketing San Francisco Seattle 139

PYMNTS

FEBRUARY 11, 2020

While “reselling” or “secondary market” are more likely to keep ownership of this burgeoning market, the reselling market is reinventing itself for 2020. Nordstrom joins other department stores in the resell market. More data on the market comes from sneaker and streetwear reseller StockX. We like the handle.

New York City 124

New York City Marketing New York Los Angeles 124

PYMNTS

FEBRUARY 7, 2020

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.

Retail 143

Retail Dallas Massachusetts Technology 143

PYMNTS

OCTOBER 20, 2020

Physical grocery stores are opening despite COVID-19, with Amazon , Whole Foods and ALDI making plans to cut the ribbon on new brick-and-mortar sites in Chicago and other cities. Amazon Fresh, a new physical retail concept from Amazon, is setting up shop in four locations in the Chicago market, the Chicago Tribune reported.

Los Angeles 141

Los Angeles Phoenix Chicago Arizona 141

PYMNTS

DECEMBER 4, 2019

“Assuming LULU can sustain an NKE-like free cash flow multiple, we see a path to a $40 billion market cap. Lululemon’s market cap is currently $29 billion, while Nike’s is $146 billion. In July, Lululemon revealed that it was opening a massive store in Chicago.

Marketing 131

Marketing Chicago Trends Capital 131

PYMNTS

OCTOBER 21, 2016

Retailers that are unable to call on substantial financial reserves are struggling in the current environment. Mobile shopping is growing and a key focus of retailers going into the holiday season. Mobile shopping is growing and a key focus of retailers going into the holiday season. to less than $0.29. Sears Holdings Corp.

Retail 100

Retail Marketing Branding Austin 100

PYMNTS

DECEMBER 12, 2018

Since then, the eCommerce retailer has brought the store to other locations in the city and Chicago as well as one location on the way in Lower Manhattan. That’s the concept behind companies like DeepMagic , which provide a platform for retailers to offer their customers grab-and-go transactions through kiosks. The Market.

Retail 116

Retail Mobile Seattle Chicago 116

PYMNTS

JUNE 27, 2019

Vichot pointed out that the market is ready for quick, healthy food. At the same time, according to the latest PYMNTS Automated Retail Tracker , the estimated number of vending machines in the U.S. The Automated Retail Market . is about 4.5

Retail 108

Retail New York City New York Chicago 108

PYMNTS

SEPTEMBER 20, 2018

It’s a good time in America to have a retail space ready to rent out — eCommerce merchants are on the hunt and signing large contracts. By category, the biggest lease signers were manufacturers, with 14 percent of the market, followed closely by beverage providers (11 percent), retailers (7 percent) and tech firms (4 percent).

Retail 122

Retail Fort Worth Metro North Carolina 122

PYMNTS

OCTOBER 23, 2020

The Nike retailing model has shown itself again as The Gap announced Thursday that it will close underperforming stores, focus on the digital-first economy and exit its mall locations. As Macy’s CFO Felicia Williams told a retail conference in September: “Our intention is to change the composition of our store base.

Strategy 150

Strategy Chicago Taxes Retail 150

PYMNTS

FEBRUARY 6, 2018

Fanatics , a company that sells Team USA merchandise, has taken a novel approach to Olympic retail this year with a physical store in a major U.S. The store marks a milestone for Team USA: It’s their first in-person retail store outside the Olympic Training Center in Colorado. Retail Gold.

Retail 118

Retail Strategy New York City Los Angeles 118

PYMNTS

MARCH 15, 2019

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

Mobile Indianapolis North Carolina Minneapolis 168

PYMNTS

JULY 23, 2020

But Walmart is looking to open more, CNBC reported, as it attempts to get into the health market. The retail giant is also looking at opening clinics in the Jacksonville area of Florida, and it will open two clinics in Chicago, which would bring the total number of Walmart clinics to 13.

Atlanta 170

Atlanta Georgia Jacksonville Florida 170

PYMNTS

SEPTEMBER 28, 2016

The retail industry is facing a virtual change: virtual reality. InContext Solutions announced it’s collaborating with Intel to develop new virtual reality (VR) hardware and software for the retail industry. But in the meantime, the retail industry is the next to be infiltrated by VR.

Retail 100

Retail Chicago Software Industry 100

PYMNTS

JANUARY 16, 2019

That is, retailers are taking a page out of a playbook set by retailers like the now-closed B. Saks Fifth Avenue is one of the retailers falling into this trend with a new eatery called L’Avenue at Saks in New York City, which is the same locale where Lord & Taylor is closing to make way for a WeWork headquarters.

Chicago 186

Chicago New York City Retail United States 186

PYMNTS

AUGUST 2, 2017

Between automated checkout lines, online grocery ordering and meal kit services, it seems like the inexorable tide of progress is determined to wipe out millions of jobs across the retail and grocery sectors. million jobs over the next 10 years, slashing the 16 million-strong retail workforce by 38 percent. In Other News….

Retail 124

Retail St. Louis Chicago Marketing 124

PYMNTS

AUGUST 30, 2018

Brands might want a space to test new concepts with shoppers in brick-and-mortar retail environments, but they don’t always want the time and expense involved in building out a permanent store. 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.

Branding 143

Branding Los Angeles Innovation Chicago 143

PYMNTS

SEPTEMBER 19, 2018

According to Chain Store Age , the German supermarket company will use its partnership with Instacart to roll out the service to 75 major markets, including San Diego, New York City, Miami, Raleigh and Minneapolis. We’re growing at a time when other retailers are struggling. Last year, the company revealed plans to spend $1.6

San Diego 173

San Diego Online Los Angeles US 173

PYMNTS

FEBRUARY 6, 2019

Some startups are born after an entrepreneur spots a missing niche in the market: ReturnRunners , for instance, was started after its founder saw a need for a service that could help her return unneeded purchases in an age when she could outsource her groceries, dinner or dry cleaning. The Retailer Side of the Equation.

Retail 116

Retail Chicago Online Company 116

PYMNTS

OCTOBER 23, 2020

In the longer run, the service will grow over the next several months to the grocer’s 570 retail locations throughout California, Illinois, Pennsylvania and Florida. Prime members in more than 2,000 locations can also receive unlimited free, two-hour delivery from Amazon Fresh and Whole Foods Market on orders of $35 or more.

Arizona 170

Arizona Chicago Georgia Phoenix 170

PYMNTS

JANUARY 8, 2020

Case in point, Stockwell: a self-service retail venture that got off on a very wrong foot with customers by, among other things, choosing the wrong name. Most brands hope to make a big splash when they enter the market – but not for this type of reason. When Stockwell launched in September of 2017, it went by a different name: Bodega.

Retail 130

Retail Los Angeles Branding San Francisco 130

PYMNTS

MAY 2, 2019

” 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

St. Louis San Antonio San Diego Los Angeles 129

PYMNTS

DECEMBER 7, 2018

Big retailers are opening smaller-format stores in major U.S. Already, the retailer has opened a Planning Studio across the pond in London in October. In the announcement, IKEA Retail U.S. As it stands, Amazon Go stores in Seattle, Chicago and San Francisco use the cashierless technology.

Retail 122

Retail San Francisco Arizona Los Angeles 122

PYMNTS

JULY 24, 2020

This growth is creating opportunities for numerous retailers, including BlackCool & Co. , But with BNPL you can go to any retailer, choose your product and pay over time with no credit check.” . The company plans to open other locations in Chicago, Houston, Los Angeles, New York City and Philadelphia. .

Branding 187

Branding Los Angeles Atlanta New York City 187

PYMNTS

NOVEMBER 7, 2019

Two decades ago American Girl was one of the players that introduced the world to a whole new concept — experiential retail — the idea that a store isn’t just a place to hold goods, but to showcase an entire brand lifestyle. These days, the rest of the market has caught up to the idea, and the brand is slipping behind.

Retail 101

Retail Chicago Los Angeles New York 101

PYMNTS

APRIL 22, 2019

Eventually, the company plans to expand to other markets, including L.A. “We Starbucks partnered with the app in January, with San Francisco first and then spreading to Boston, Chicago and L.A., We also believe that a retail presence across every channel (online, retail, on-demand, etc.) among others.

New York 172

New York San Francisco New York City Boston 172