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How Experiential Retail Is Giving Physical Stores An Edge

PYMNTS

As 2020 unfolds, the retail business has been dramatically altered. But with consumer spending holding steady, it’s important for retailers to grasp the opportunity to create innovative ways to get, keep and grow customers. And retailers that deploy experiential tactics drive repeat purchases at rates nearly twice those who don’t.

Retail 210
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Retail Pulse: 7-Eleven Tests Cashierless Tech; Staples Debuts Connect Store Concept

PYMNTS

Brick-and-mortar retailers are testing convenience store designs that let consumers skip the checkout line and pay for their purchases with their mobile phones. 7-Eleven President and CEO Joe DePinto said in an announcement , “Retail technology is evolving at a rapid pace, and customer expectations are driving the evolution.

Retail 143
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CRE risk management: Navigating hazards and opportunities

Abrigo

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. Takeaway 2 Advisors recommend that financial institutions look behind some of the headlines and examine their own markets before ruling out CRE altogether.

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Amazon Plans To Expand Grocery Stores Across The US

PYMNTS

billion for Whole Foods , the online retail giant is planning to open its second automated-checkout grocery store in Seattle’s Eastside neighborhood and is hiring managers for a third store in the city’s Capitol Hill district, The Seattle Times reported. Three years after it paid $13.4 And it’s not stopping there. the Times reported.

Seattle 220
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Staples To Debut New Store Format With Coworking, Podcasting

PYMNTS

Staples is thinking outside the box with a new store format that highlights podcasting, community events and coworking spaces. Retail, said per the announcement, “We recognize that the way people shop is changing, and with the launch of Staples Connect, we are adapting to fit the needs of our customers.” Mike Motz, CEO of Staples U.S.

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Etsy Spends $275M To Expand Into Music Instrument Market

PYMNTS

“There are a number of similarities between the levers of growth for Etsy and Reverb,” he added, “such as improving search and discovery, making selling and buying easier, and building a global brand and user community. Founded in Chicago in 2013, Reverb has been focused on making musical instruments affordable.

Marketing 109
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The Sixth Key Commitment of Revenue Resilience – We Need Hospitals to Adapt

Perficient

Three leading organizations — Salesforce , Perficient , and The Chartis Group — have come together to share bright spots within the healthcare community that can point the way to building the necessary capacity to adapt. We identified Six Key Commitments, and here are the first , second , third , fourth , and fifth articles.

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