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Retail Pulse: 7-Eleven Tests Cashierless Tech; Staples Debuts Connect Store Concept

PYMNTS

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.

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Local Governments Move In On Retail Vacancies

PYMNTS

It was supposed to be a thriving retail center in Milwaukee when it was built seven years ago. The DEO “seeks concepts and an operator to program the space to boost innovation and entrepreneurship, demonstrate creative placemaking and feature the Made in Fairfax Network. But it never happened. Starting Jan.

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Philadelphia Passes Ban On Cashless Stores To Fight Income Discrimination

PYMNTS

The new law will take effect in July and would require most retail outlets to accept physical currency. Massachusetts already requires businesses to accept cash. . New Jersey recently passed a similar law and New York City is on the path to doing so as well. The law doesn’t apply to garages or lots, Costco, rental-cars or hotels.

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Mnuchin: US Should Examine Amazon’s Retail Practices 

PYMNTS

I think if you look at Amazon, although there are certain benefits to it, they’ve destroyed the retail industry across the United States so there’s no question they’ve limited competition,” Mnuchin told CNBC. Senator Elizabeth Warren of Massachusetts said earlier in 2019 that large tech firms like Facebook and Amazon should be broken up.

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Branch Banking Going Digital-First For Safety And Relevance

PYMNTS

As CarrieAnne Cormier, senior vice president of retail operations and strategy at Massachusetts-based Avidia Bank, recently told PYMNTS , “You hear a lot about the new normal … but I really see it as banking at the speed of life. Interactive Tellers (ITMs) accommodate this and more. Banking At The Speed Of Life’.

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Roche Bros. Partners With Toshiba On POS Systems

PYMNTS

Toshiba Global Commerce Solutions has announced that it will be integrating its TCx 300 point-of-sale (POS) systems at all of the Massachusetts locations for grocery store chain Roche Bros. Family-owned and Massachusetts-based Roche Bros. We are excited with the selection of Toshiba as our provider of retail technology,” Roche Bros.

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How Innovative mPOS Is Paving The Way To A Self-Checkout Future

PYMNTS

To serve customers who want to shop in stores and online, retailers and solution providers are working to offer a unified retail experience across multiple channels. According to the latest PYMNTS mPOS Tracker , almost two thirds – or 63 percent – of retailers plan to offer this option within the next three years.