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Coinbase Lays Off 30, Shutters Chicago Office

PYMNTS

Digital currency exchange Coinbase has shuttered its Chicago office and laid off 30 engineers, according to a report in Fortune. We have made the difficult decision to consolidate the matching engine efforts and thus wind down the matching engine team in Chicago. “We which is a Visa debit card that lets customers in the U.K.

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Amazon Opening Up Physical Store In Chicago

PYMNTS

Amazon is dominating in the eCommerce world, but that doesn’t mean it doesn’t see value in physical store fronts, with the eCommerce retailer gearing up to open up an offline store in Chicago’s Lakeview neighborhood. This isn’t the first time Amazon has melded the online and offline worlds.

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Target Opening Additional Small Stores In NYC And Chicago

PYMNTS

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.

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A Perficient Team?s DIY Approach to the PPE Shortage

Perficient

Our Chicago team members fit right into this category when they dedicated a night to making masks for themselves and their friends and families. Chicago’s PPE Shortage. Since the beginning of the pandemic, Chicago and its surrounding areas have been a hotspot for the coronavirus. BYOMM (Bring Your Own Mask Materials).

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Half Of Chicagoans To Shop Online This Holiday

PYMNTS

More than 50 percent of Chicagoans will do the majority of their holiday shopping online this year, according to a survey from Accenture. Holiday purchases are no longer restricted to the weekend after Thanksgiving, reported The Chicago Tribune. Year-round online deals mean that Black Friday is becoming less significant to consumers.

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Retail Pulse: Google Mulls Chicago Flagship; Sam’s Club Repurposed For eCommerce

PYMNTS

It’s not uncommon for online brands to open brick-and-mortar stores, and it seems that Google may be the latest digitally native brand to take the plunge into offline retail. The company is reportedly looking to bring a two-story flagship store to the Windy City, according to the Chicago Tribune.

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Online Lending And A Tale Of Two Fed Studies

PYMNTS

Online consumer lending – in a variety of forms – has grown explosively over the last decade. Its team of economists takes a rather dim view of the online lending space and the ways in which it recruits and handles its customers – and believes that additional regulation is needed to rein in some of the excesses their research uncovered.

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