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Today In Retail: Amazon Grows Palm Biometrics In Washington State; Toyota, Lexus Take Control Of Online Buying Platforms

PYMNTS

In today’s top retail news, Amazon Go stores in Seattle are reportedly being equipped with Amazon One palm-reading scanners, while automotive brands are taking control of digital purchasing platforms. Plus, fashion-based small and medium-sized businesses (SMBs) are getting a new marketplace option. Amazon Expands Palm Biometrics In Seattle .

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Lord & Taylor Joins Retail Bankruptcy Watch

PYMNTS

The retail bankruptcy watch intensified Tuesday (April 21) as the department store sector was hit by reports of yet another major player looking at that option. Lord & Taylor, now joining Neiman Marcus, is considering a bankruptcy filing as the COVID-19 lockdown continues to decimate non-essential retail. billion in sales.

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Today In Retail: Bed Bath & Beyond Completes Sales Of Cost Plus World Market; Starbucks To Help Out Washington State With Vaccine Distribution

PYMNTS

In today’s top retail news, Bed Bath & Beyond said it has finished its sale of Cost Plus World Market (CPWM) to a private equity firm, while Starbucks will help Washington state with the distribution of coronavirus vaccines. Starbucks To Assist Washington State With COVID-19 Vaccine Distribution. Bed Bath & Beyond Inc.

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Report: Washington Post’s Arc Publishing On Delivering Digital Payments Choice

PYMNTS

Consumers are showing little interest in returning to in-store shopping six months into the pandemic, leading retailers around the globe to double down on their digital capabilities to convert these new digital-first shoppers.

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As Virtual And Augmented Reality Rise, Retail Use Cases Come Into Focus

PYMNTS

Don’t look now, but virtual reality and augmented reality are starting to make bigger gains in the retail world. The spread of VR and AR technology is not confined to physical retailers, either — eCommerce giants are getting into the game as well. billion via retail and marketing in 2022. Larger Trends.

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Banks around the country respond to coronavirus

Bank Innovation

WaFd, formerly Washington Federal Bank, is offering interest-free lines of credit of up to $200,000 to small businesses as a result of the pandemic. As the novel coronavirus continues to spread, rattling the economy, banks are reevaluating their business propositions to clients.?

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US Retailers Confront Data Privacy Shifts

PYMNTS

State regulators such as those in California, New York and Washington also recently passed rules just before the outbreak, with California regulators in particular still discussing potential changes to its California Consumer Privacy Act (CCPA). The potential reach and creation of such an agency is still currently being debated.

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