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‘Organized Retail Crime’ Is Growing (And Not Just Because Of The Pandemic)

PYMNTS

Organized crime rings are taking advantage of the pandemic, looser police enforcement and a softening in anti-shoplifting laws to swipe tons of merchandise from retail stores and warehouses across the United States. KPIX-TV reported that the shop proudly advertised on Facebook Marketplace that customers “never pay retail.”.

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Fintech consortium boosts Sacramento banking innovation

BankInovation

A recently launched fintech consortium in Greater Sacramento is already generating partnerships between local technology providers and financial institutions.

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Grocery Stores Shutter In-Store Pharmacies

PYMNTS

The trend is indicative of the losses felt by smaller mom-and-pop stores and grocery retailers, as people have tended to order more of their medications by mail or get them in large 90-day supplies. Ultimately, he says the grocery chain made the right decision in closing it. prescription revenues in 2018.

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Bank of the West Adds ATMs for Young Customers on the Move

Bank Innovation

Bank of the West recently added 143 ATMs across the Denver and Sacramento metro areas through an agreement with ATM operator Cardtronics. One target? Millennials, actually.

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Retail Checkout Takes A Seat

PYMNTS

It’s possible, however, that CVS isn’t sweating it given the somewhat open-ended wording of the court’s decision regarding “suitable seating,” which allows retailers some discretion in determining “the totality of the circumstances” that would make allowing an employee to work while seated a feasible option.

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DoorDash Unveils Latest Growth Strategy: Digital Convenience Stores

PYMNTS

DoorDash said it plans to add more cities in the coming months, including Baltimore, Denver, Sacramento and Concord, California. The delivery service also recently launched a Main Street initiative aimed at bolstering its restaurant and retail partners amid the challenges of the pandemic.

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Sacramento Kings take a swing at checkout-free tech

Payments Source

Checkout-free tech has only just left the gate, but has tons of promise as a way to shed lines and collect data — just the mix that sports facilities are looking for.