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MARCH 12, 2020

Quick: Who’s the biggest retailer in the U.S.? In terms of sheer size and locations, the United States Postal Service (USPS) is the biggest retailer in the country, with 31,000 locations covering pretty much every town. Of course, it’s revenue, not size, that has been USPS’ problem. Not Walmart (5,500 stores).

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PYMNTS

JANUARY 14, 2019

It looks like we can finally have a serious conversation about the impending collapse of physical retail in the U.S. All it took was a 160-year old retailer and a $34 billion kick in the stomach to the retail sector to get everyone’s attention. retailer, Sears, which found itself standing at Chapter 7’s front door.

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OCTOBER 15, 2020

Herrick expects that ReplyBuy and Airship will create a holistic ecosystem, allowing retailers to use its engagement technology to acquire customers and then use conversational commerce to retain them and grow their value. Or would she prefer to visit the store (mask required, of course) for a custom fitting? Herrick agrees.

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PYMNTS

NOVEMBER 9, 2018

The ascent of eCommerce and the digital tools that support it have made it easier — in both theory and practice — for retailers to not only see how consumers browse and what they buy (to analyze the entire path to purchase), but to get to know them in the same ways as those old-time general store operators who served small towns.

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PYMNTS

MARCH 1, 2019

The general experience can apply to retail goods, including groceries. After all, the principle is the same, no matter the retail sector: using a digital platform that crowdsources from big commerce ecosystems to provide more efficient deliveries of goods. Retail Benefits. He’s basically getting paid to go home.”.

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PYMNTS

JUNE 12, 2019

One example in retail and payments is tech incubators — specifically, those run by specific companies and brands, a trend that shows signs of growing even more in the 2020s (which, let us remind you, are only a few months away). That experience is one that is hard to gain as a vendor with new and exciting retail technology in the market.”.

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PYMNTS

NOVEMBER 19, 2018

But the same technology that enables those transactions also can bring the benefits of consumer intimacy to small and medium-sized businesses (SMBs) that are often struggling to win more market share in a retail world dominated by the likes of Amazon, Walmart and other large retailers. That might sound obvious.

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PYMNTS

JANUARY 20, 2020

That’s understandable, given how viciously email, texting and other forms of digital and mobile communication have displaced actual writing — which, of course, would seem to reduce the need for actual stationery products. The chain had since expanded to some 260 or so retail locations. None of that will save the Papyrus retail chain.

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DECEMBER 16, 2020

Amid the great digital shift , retailers and financial institutions (FIs) must walk the fine line between challenging transactions and letting the consumer journey proceed frictionless. That’s driven the retailer to require merchandise, risk-driven signatures that can be dynamically altered, said Thompson. The Scope Of The Problem.

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PYMNTS

AUGUST 5, 2020

The great digital shift, along with the pandemic, has brought all manner of activities into the virtual realm — most notably, of course, commerce itself. Coinstar now owns and operates more than 22,000 kiosks across nine countries and recycles roughly $3 billion in coins annually worldwide ($2.7 billion in the U.S.

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AUGUST 13, 2020

Off-price specialty retailer Stein Mart, Inc. filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Middle District of Florida, Jacksonville Division amid a challenging retail climate and the pandemic, the company said in a statement. In July, Ascena Retail Group, Inc.

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Perficient

JANUARY 11, 2021

The brands that can operate with speed and agility win in this environment. A mobile product runs its course until it no longer meets the needs of your business. . Pinterest and other retailers had to reimagine the fitting room. A global pandemic requires a quick response and accelerates digital transformation.

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MARCH 23, 2020

But for non-essential retail, stepping up takes more commitment, risk and money. It’s in the non-essential category that true retail heroes are showing up amid the coronavirus pandemic. 1: In Detroit Bedrock LLC real estate company is giving free rent for the next three months to its small-business retail and restaurant tenants.

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APRIL 27, 2020

But after that initial download, retailers and purchase aggregators pretty much let users run the course of their screens, never thinking that advanced applications would someday become important. Some companies have been trying to bring retailers into the new world of “necessary” location-based app technology for mobile retailing.

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PYMNTS

NOVEMBER 5, 2018

Those promise to stand as two main traits of the 2018 holiday shopping season , and retailers that gain an edge and increase revenue during the all-important fourth quarter will likely have exploited such tactics during this period, at least according to new data that strives to paint a detailed picture of U.S. percent, reaching $124.1

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PYMNTS

JUNE 3, 2019

The two most powerful forces shaping the future of retail payments have nothing to do with payments at all. It’s a world in which new retail models and new places to shop have emerged to satisfy that need, blending the online and offline worlds in ways that benefit the digital and marginalize the physical – at least as it operates today.

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JULY 8, 2020

As it does during the first week of every month of the pandemic, attention turns to retail leases. This week found that one of the crisis’ most troubled retailers — Nordstrom — will only pay half of its rent for the balance of 2020. Retail Properties of America, Inc. percent of Q2 2020 rent as of the end of June.

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PYMNTS

JANUARY 13, 2020

Fitness and wellness are helping to change the face of retail in 2020. And, of course, habits vary according to factors like geography, age and even fitness level. Furthermore, consumers are always looking for variety, and for community — something a digital operation like ClassPass can help build in almost a social media-like way.

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SEPTEMBER 17, 2020

The ripple effects, of course, extend up and down the logistics and transportation chains, getting products where they need to go. More immediately, some of the pressures on freight and logistics operations are evident in pricing surges. That’s because consumer demand is picking up, but retail inventories are relatively low.

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Independent Banker

OCTOBER 31, 2022

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that.

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SEPTEMBER 19, 2019

So goes Amazon, so goes most of the rest of the retail world, with the eCommerce operator’s influence also extending to payments. Amazon aims to operate 100 percent on renewable energy sources by 2030, and is ordering 100,000 “fully-electric delivery vehicles” as part of this general effort. We might soon find out.

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PYMNTS

OCTOBER 23, 2018

The context is important, because of course the services offered to the consumer vary by use case,” Schulte noted. Retailers had to make that changeover quickly, as online players became an increasingly obvious threat to their future. What the consumer, the bank and the retailer are looking at today is the same,” Engel said. “We

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PYMNTS

OCTOBER 1, 2020

online grocery retailer Ocado is involved in a patent lawsuit over robotically-operated warehouse technology with robotics company AutoStore , Reuters reported. In response, Ocado said it is "not aware of any infringement of any valid AutoStore rights and of course we will investigate any claims once we receive further details."

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SEPTEMBER 15, 2020

Retail spending may be helping to spur freight volumes, and to push already lofty pricing higher. That’s because consumer demand is picking up, but retail inventories are relatively low. Small operators with six or fewer trucks make up 90 percent of the operators in the U.S. – 13 were up 1.5 percent versus the prior week.

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PYMNTS

SEPTEMBER 15, 2020

Retail spending may be helping to spur freight volumes, and to push already lofty pricing higher. That’s because consumer demand is picking up, but retail inventories are relatively low. Small operators with six or fewer trucks make up 90 percent of the operators in the U.S. – 13 were up 1.5 percent versus the prior week.

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Retail Report Operations Course 140

Bank Innovation

JANUARY 25, 2018

Then of course there are various other events sweeping the financial services space, from new tax laws in the U.S., EXCLUSIVE — It’s not even a month into 2018 and already so much has changed. The cryptocurrency bitcoin, which shocked everyone by surpassing $17K, further shocked everyone by dropping below $10K. to the rise of […].

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JULY 7, 2020

Of course, voting is a bit of popularity contest, and as retail investors (and some institutional ones) crowd into a stock, they can quickly bid its price up — as is happening these days with payments processor Square. Verse will operate independently, although the team is being folded into Square’s Cash App operations.

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JANUARY 25, 2021

TFI, which includes truckload, less-than-truckload and logistics operations, reportedly generated revenue of approximately $4.1 The combined entity with TFI, called TForce Freight, will be the most extensive North American LTL network in the U.S. and Canada. billion in 2019.

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PYMNTS

OCTOBER 14, 2020

To that end, Ken Gavrity , head of enterprise payments at KeyBank , told Karen Webster that companies must re-examine the most basic operations in order to stay afloat and maybe even thrive – or face existential threats as they mull the great digital shift. Tech helps, of course, but innovation alone won’t solve corporates’ problems.

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FEBRUARY 24, 2020

Anecdotes add up to trendlines, of course, and it’s worth looking at a few broader statements from, say, industry alliances, that give a broader view on what might happen. Tourism is of course connected with flights, and hotels are connected with tourism … and retailers, particularly high-end retailers, are connected with both.

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JULY 15, 2020

Among the biggest challenges has been compliance, as so many organizations have had to have call centers , back-end operations and fraud teams work from home. . And for some retailers, it can seem as if every day is Black Friday — not just for larger, well-established players, but also for small to medium-sized businesses (SMBs).

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AUGUST 7, 2020

While the barriers to reaching an international consumer base are low thanks to innovations in eCommerce, online retailers and merchants still struggle to provide their global consumers with the same payments experience their domestic ones have. Providing Payer Certainty.

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Perficient

AUGUST 20, 2020

Lack of Unique Content (for Manufacturers and Retailers). Mapping out your budget and resources is essential, of course. Liberator Medical continues to operate as a separate entity, and Bard has indicated its intention to distribute additional products through its channel. Developing an SEO Strategy.

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JANUARY 28, 2021

Some operators, he said, are allowing for pay at the pump (for convenience store items) with delivery to the dispenser. These blends of commerce help convenience store operators supplement their margins. Data matter, of course, and Koscheski stated that offering rewards in a contextual way in real time is happening one step at a time.

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PYMNTS

DECEMBER 1, 2020

And, of course, as the pandemic hit, a multitude of central banks took a deep dive into the potential risks and rewards of issuing digital central bank currencies, ranging from digital dollars to euros to, well, pretty much everything. In fact, J.P. Morgan now has its own unit dedicated to blockchain and digital currencies.

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AUGUST 11, 2020

Cash crunches, of course, make carrying debt all the more burdensome. And as reported in the Financial Times , banks that are relatively more dependent on lending activities to keep operations afloat are facing challenges that have not been seen since the financial crisis and recession of more than a decade ago.

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DECEMBER 24, 2020

It all depends on how you look at it — and where you look, of course. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. Building The (Retail) Use Cases. And, of course, the crypto landscape extends well beyond bitcoin. Of course, it’ll take some time to get there if we do.

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