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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. They and others have succeeded because they entered the market independent of traditional retail, and because their business model fit the needs of the pandemic.

Retail 295
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U.S. Bank Announces Amazon Alexa Integration

Bank Innovation

The Minneapolis-based bank ran an employee pilot over the summer and initiated work on the Alexa skill earlier in 2017, said Gareth Gaston, executive vice president and head of omnichannel banking at U.S. […]. EXCLUSIVE- U.S.

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Megamalls Like Mall Of America And American Dream Face Mega Problems 

PYMNTS

But it was a victim of the North Star State’s mid-March shutdown of non-essential retail and continues to struggle even after reopening on June 10. The recent missed payments were reported by the Minneapolis/St. The mall had already long suffered from decreased foot traffic even before the pandemic. Paul Business Journal quoted.

America 251
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Aftermath: Retailers Try To Focus On Recovery

PYMNTS

Riots and looting over the weekend have taken their toll on retail reopening plans all over the U.S. in the wake of protests against excessive police force and the death of George Floyd in Minneapolis. Retail locations of all types and brands went unspared, from Los Angeles to New York City, as protests turned violent.

Retail 131
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Startup Branch wants to build a money services platform for hourly workers

Bank Innovation

Among them, Minneapolis-based Branch is working with employers to offer such employees digital money management tools and a portion of a worker’s paycheck in advance. With the growth of digital finance tools, a group of startups is looking to reach those who may be left behind, namely hourly workers.

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U.S. Bank Reaching Beyond Branches as 71% of Active Customers Are Now Digital

Bank Innovation

Bank executives, during the first-quarter earnings call today, outlined a strategy to extend relationships with customers outside the Minneapolis-based bank's physical footprint. Coming off the launch of a revamped mobile app and the hiring of the bank's first chief digital officer, U.S.

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Today In Retail News: Philadelphia Mall Reopens, Ralph Lauren Cuts Workforce

PYMNTS

In today’s top retail news, Philadelphia Real Estate Trust reopens its newest property, Ralph Lauren cuts its workforce and Mall of America offers space to local businesses. Additionally, the space will showcase the artistry of Juxtaposition Arts, an art center staffed by teens in North Minneapolis. Walmart on Tuesday (Sept.