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Why Does The Path To Retail Innovation Go Through So Many Labs?

PYMNTS

It’s not enough to be a retailer these days, not if a merchant intends to survive in a world of commerce dominated by the likes of Amazon and other tech-focused competitors. Innovation is one of the keys to advancement — and that increasingly means opening tech hubs, incubators and other such operations. New Efforts.

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Macy?s Names Chief Technology Officer To Lead eCommerce Teams

PYMNTS

In his role, he will lead the company’s technology strategy, in addition to spearheading the teams that build the company’s eCommerce experience — among other functions, retail news source Chain Store Age reported. “We Before working for Home Depot, Krishna oversaw Target ’s web technology and operations.

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Walmart Bribery Probe Ends With A Whimper

PYMNTS

Justice Department officials are reaching dead ends in several of their probes into Walmart’s business operations overseas. In April 2012, The New York Times reported that Walmart officials had paid $24 million in alleged bribes in Mexico and then shut down an internal investigation into the matter. The probe began back in Nov.

New York 100
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Macy’s Gives Boost to Its Digital Team

PYMNTS

In the retailer’s latest move, it’s looking to change public perception with two new hires to boost its digital initiatives. Starting at the company in 2012 as Macy’s VP of engineering, Anwar founded MacysLabs. Yasir Anwar was internally promoted to Macy’s executive VP and CTO.

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Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Modern-day retail is at an inflection point as retailers face struggling physical storefronts, massive debt, and inefficient operations, among other issues. Formerly beloved brands such as Aeropostale, American Apparel, and PacSun bit the dust in 2016, and the pace of retail deaths has accelerated since then.

Retail 78
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

Leadership and board members. Sigma aims to streamline business operations. Stripe Atlas (business incorporation tool) and Stripe Sigma (business analytics and reporting) can help simplify business operations. Company Leadership & Board Members. Stripe has assembled a leadership team with several industry veterans.

Online 98
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London Calling: “Payments Are Missing”

Celent Banking

The logic appears to be that systems that are old can’t operate reliably, simply because they’re old. To put this in perspective, RBS is said to have roughly 20 million retail clients in the UK. (I’m guessing it’s a small part, but that’s no consolation to those who were impacted).

Payments 100