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Reseller Market Maintains Momentum With Nordstrom’s Entry

PYMNTS

While “reselling” or “secondary market” are more likely to keep ownership of this burgeoning market, the reselling market is reinventing itself for 2020. Nordstrom joins other department stores in the resell market. It is playing the sustainability card this year, with Fashion Footprint Calculator.

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Retail ?Armageddon? Predictions Spur Alternative Scenarios

PYMNTS

As retail reopens and starts to spur some optimism for the future, a dark number appeared on the scene on Tuesday (June 10). Coresight released a report that says 25,000 retail storefronts will close by the end of the year. Alternative research and other market dynamics make such a scenario seem unlikely. percent of U.S.

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How Cashierless Checkout Can Power Brand Marketing Experiences

PYMNTS

Cashierless stores aren’t just for mega retailers like Amazon to sell prepared food from their kitchens or products from other producers: Beverage brands, among other companies, are getting into the action and choosing this checkout experience for stores that showcase their own products IRL (“in real life”) as a marketing tool.

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Retail Pulse: Macy’s Collaborates With Brands For STORY; Kohl’s Accepts Amazon Returns

PYMNTS

Brick-and-mortar retailers are opening experiential concepts by working with other brands as they look to engage consumers with experiences instead of products. The concept has a presence in 36 Macy’s locations ranging from Union Square in San Francisco to Herald Square in New York City. In Other Brick-and-Mortar News.

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How BNPL Is Helping BlackCool Boost Brand Awareness And Availability

PYMNTS

This growth is creating opportunities for numerous retailers, including BlackCool & Co. , I think this is similar to people having a Neiman Marcus card, a Nordstrom card or a Macy’s card,” Williform explained. But with BNPL you can go to any retailer, choose your product and pay over time with no credit check.” .

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Visa: US Starting To Close The Contactless Gap

PYMNTS

Globally, tapping to pay with contactless cards has taken off remarkably, and the U.S., after years of lagging behind, is starting to catch up, according to a new blog post from Visa. nearly half of all Visa transactions at physical points of sale happen via contactless card tap. More notably, Sanford writes, the U.S.,

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Data Dive, New Rules Edition: Starbucks, San Francisco And Card Interest Rate Caps

PYMNTS

The list of locations banning cashless shops in the name of financial inclusion grew this week, with San Francisco joining Philadelphia and New Jersey in barring cashless retailers from the city. Under the new rules, all physical stores will be required to accept cash as a payment method. “I