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Guaranty Bank uses account-switching tool to promote new branches

Bank Innovation

The Mount Pleasant, Texas-based bank has added eight new locations over the past year in locations like Fort Worth and Dallas. Guaranty Bank and Trust is using new technology to make it easier for potential new customers to switch bank accounts as it expands its branch network.

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Brooks Brothers Leads More Fashion Retail Troubles

PYMNTS

The retail world was rocked by more bankruptcy news on Wednesday (July 8), as Brooks Brothers officially announced its long-rumored bankruptcy and women’s fashion icon Ann Taylor was reported to be preparing for a Chapter 11 filing. The filing in Delaware allows the retailer to stay open while it crafts a plan to emerge from Chapter 11.

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For Retail Promotions, Rewards Beat Out Discounts

PYMNTS

Target , among other retailers, is beginning to experiment with a new rewards program. However, through the free new program available in the Dallas-Fort Worth area, shoppers can take 1 percent off purchases and put it toward future visits at Target, without having to use a Target-branded credit card.

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Brick-And-Mortar Retailers Take On Omnichannel

PYMNTS

To meet consumers where they want to shop, retailers are taking an omnichannel approach to their offerings. And retailers are taking notice: Walmart , for example, recently introduced meal kits in its stores after selling them exclusively online. Retailers, after all, have an average satisfaction score of 37.9

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Why Pets Are Pulling Retail Innovation’s Leash

PYMNTS

Pet retail is having a moment, with innovation and other efforts helping merchants better reach owners of dogs, cats and other household animals. Pawscout, as it turns out, just launched its $20 pet tags in Walmart — and is selling the product via other retailers, Chavez told PYMNTS. physical retail landscape.

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Telltale Signs: Warehouse Leasing Vs Retail Leasing

PYMNTS

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).

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How Innovation Became A Core Competency For Neiman Marcus

PYMNTS

The new Neiman Marcus store in Dallas-Fort Worth is both very much like — and completely different from — the 42 other Neiman Marcus stores scattered throughout the United States. Neiman’s InCircle rewards program is legendary and drives roughly 60 percent of its retail sales. But this Neiman’s is also very different.