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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. Direct-to-consumer (D2C) brands drove into the pandemic and adapted to it to catch the digital shift. Adore Me, for example, was a thriving eCommerce brand before the pandemic.

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

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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.

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Mars Taps Into Experiences Market With Interactive M&M’s Stores

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As the retail industry faces a string of closures, Mars Retail Group is bucking the trend by growing its M&M’s candy stores in the U.S. The stores will be located at Minneapolis’ Mall of America, Orlando’s Disney Springs at Walt Disney World Resort and in Berlin, Germany, Fox Business reported.

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Buy Now Pay Later Startup Sezzle Tops 1M Active Customers

PYMNTS

Founded in 2016 and headquartered in Minneapolis, Sezzle’s buy now, pay later (BNPL) payments platform is in the U.S. Sezzle’s payments platform expedites quick, safe and simple payments among consumers and retailers. BNPL providers are seeing market growth and new funding opportunities. and Canada and is quickly growing.

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Retail Pulse: Rent The Runway Opens San Francisco Store; Crate & Barrel Plans Restaurant

PYMNTS

To break into the brick-and-mortar world, some digitally native retailers have opened shops inside department stores. At the same time, that business now accounts for half of the retailer’s revenue. In San Francisco, the company’s third-largest market, 83 percent of transactions by subscribers are “self-service.”.

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LVMH Eyes Ways To Change $16.2B Tiffany & Co Purchase

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social unrest have had on the retail vertical, Reuters reported. jewelry market. L Brands’ Victoria’s Secret, for example, will not be going through with a deal to be acquired by Sycamore Partners, CNBC reported. LVMH is considering walking back its deal to purchase Tiffany & Co.

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FinTech Startup Sezzle Tops 1M Active Customers

PYMNTS

Founded in 2016 and headquartered in Minneapolis, Sezzle’s buy now, pay later (BNPL) payments platform is in the U.S. Sezzle’s payments platform expedites quick, safe and simple payments among consumers and retailers. BNPL providers are seeing market growth and new funding opportunities. and Canada and is quickly growing.

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