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Retailers Rethink Store Concepts, Digital Strategies Amid New Realities

PYMNTS

Traditional retail locations, ranging from fashion and home furnishings to hardware and department stores, have been forced to make significant changes in the face of heightened competition from eCommerce giants like Amazon and omnichannel powerhouses, like Walmart and its online unit, Jet.com.

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FinTechs Prove Their Value During Pandemic

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Innovation Vs. Incumbency. Steinmetz said the unbalanced competitive dynamic that seems to exist between small upstarts and giant, deep-pocketed incumbents is a narrative that’s often told, but is repeatedly being disproven thanks to innovation. “It just masks them until you run out of money.”. Incumbents do what they do.

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QSRs Battle For US Sales With Online Delivery And Payments

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And with its scale in mobile payments and loyalty members, the company is well-positioned for other innovative initiatives. Already, a cashless store concept is already up and running in a Seattle pilot. The Starbucks loyalty program also grew by 11 percent in 2017 and now represents 14.2 million active members. Subway’s $10.8

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