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Apple To Shutter Houston Stores Again

PYMNTS

As instances of the coronavirus increase in Texas, Apple will shutter seven of its Houston-vicinity retail locations once again. Stores that are reportedly shuttering again include locations at the Houston Galleria, Highland Village, Willowbrook Mall, Memorial City, Baybrook, the Woodlands and First Colony Mall.

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Why Brick-And-Mortar Merchants Are Tapping Into Unattended Retail

PYMNTS

To help meet customer expectations in the digital age, retailers have to know who their shoppers are and what they want. While eTailers already have this information about consumers, brick-and-mortar retailers don’t have this in-depth knowledge. They can also help capture the ages, genders and emotions (in some cases) of shoppers.

Retail 198
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Retail Rents Falling From Manhattan To Los Angeles

PYMNTS

retail rents falling in many locales by percentages even greater than those seen in or after the 2007-08 Great Recession. These decreases are historic,” the Real Estate Board of New York wrote in a new report showing that average Manhattan retail asking rents fell in all of the island’s 17 retail corridors during autumn.

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Barneys, Pier 1 And Other Iconic-But-Bankrupt Retailers Are Coming Back To Life 

PYMNTS

Plenty of famous retail chains have collapsed both before and during a pandemic that has slammed brick-and-mortar stores, but some iconic names like Pier 1 , Barneys New York and others are coming back – at least in some fashion. Other well-known brands have died in the physical world, but reopened under new owners as online-only storefronts.

Retail 246
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Kroger, Nuro Bringing Self-Driving Delivery To Houston

PYMNTS

the grocery retailer, and Nuro, the SoftBank -backed robotics company, announced on Thursday (March 14) the launch of their autonomous grocery delivery service in Houston. In a press release , the companies said the service will be available through two Houston Kroger stores, reaching customers residing in four local zip codes.

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GCB raises $93M to build digital tools for customers

Bank Innovation

Houston-based Gulf Capital Bank recently completed a capital raise of $93 million. With the funding, the bank plans to invest in its digital capabilities, providing services that include mobile deposits, secured and unsecured commercial loans, letters of credit and consumer loans.

Houston 273
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Automated Retail Speeds Up Delivery And Checkout

PYMNTS

Automated retail might conjure up images of robot cashiers, but beyond a few convenience stores in Japan and Korea, that sci-fi development hasn’t yet become reality for the wider world. Last month, Domino’s Pizza announced it would be testing autonomous pizza delivery in Houston with robotics company Nuro. smartphone users.

Retail 180