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Digital-First Economy Redefines Retail And Consumer Behavior

PYMNTS

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. These are companies like Adore Me (lingerie), Green Goo (personal care), Shift (used cars) and Misfits Market (produce). The numbers speak for themselves.

Retail 295
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U.S. Bank branch restructuring is underway with closures in Chicago area

Bank Innovation

Bancorp is closing 21 branches in the Chicago area as part of a restructuring plan to expand its physical footprint in some markets while shrinking its presence in others, bank spokesman Evan Lapiska confirmed.

Chicago 170
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BNPL Firm Sezzle Allies With Ally Lending To Expand Loan Options

PYMNTS

This will allow the Minneapolis-based Sezzle to offer more long-term loans. Sezzle is taking part in the growing buy now, pay later (BNPL) market. BNPL providers are seeing market growth , as the payment financing option is seen as a possible boost for shopping via smartphone, which has been a challenge for retailers.

Lending 198
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Today's Top Retail News: Holiday Spending Looks Flat; Target Meets Amazon Prime Challenge

PYMNTS

In today’s top retail news, holiday spending is expected to be flat this year, Bed Bath & Beyond rolls out same-day delivery and Target goes up against Amazon Prime Day with “Deal Days.” And the digital-first economy will drive the difference between success and failure for many retailers. But these are the easy points.

Meeting 134
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ALDI Expands Online Grocery Delivery To All US Stores

PYMNTS

According to Chain Store Age , the German supermarket company will use its partnership with Instacart to roll out the service to 75 major markets, including San Diego, New York City, Miami, Raleigh and Minneapolis. We’re growing at a time when other retailers are struggling. Last year, the company revealed plans to spend $1.6

San Diego 173
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Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

PYMNTS

Score one for the Midwest: Verizon said this week (March 13) it will launch its 5G network in Chicago and Minneapolis on April 11. The announcement from the mobile network provider serves as the latest demonstration that 5G is coming, and that retailers and payment services providers should get ready to operate in the 5G world.

Mobile 168
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Wellness platform Branch is now a challenger bank

Bank Innovation

Against the rising tide of digital-only banks, Minneapolis-based personal finance platform Branch has taken the plunge. The four-year-old company offers a suite of personal finance tools, including payday advance, to hourly workers through integrations with employer payroll platforms, which currently include Pizza Hut and Taco Bell.