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High-End Retailers Block Access To Storefronts In New York

PYMNTS

As government measures to decelerate the spread of the coronavirus have come into place, many upscale retailers in New York such as Chanel, Celine and Fendi have blocked access to their shops with plywood. Retail shops in storied retail locations have shut their doors. In other retail news, department stores in the U.S.

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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Leveraging social media, Gentle Monster started to get traction. How Banks Can Leverage: Niche markets abound in banking, and community banks are in the perfect position to create a following on a national level should they desire. These striking designs paid for themselves in media exposure.

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Chinese Advertising Generates $27B For TikTok’s ByteDance

PYMNTS

Social commerce topped $89 billion January to September, making social media the new advertising darling and ByteDance a threat to longer-established platforms like Facebook and Instagram. A recent report forecasted that social commerce will reach $604.5 billion by 2027. . percent stake in TikTok’s U.S. operations.

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Bridg Closes Marketing Loop For Restaurants, Retail

PYMNTS

While online commerce has allowed eRetailers to source consumer data and to deliver targeted, personalized advertisements, physical retail has often lacked these capabilities. Los Angeles-based tech company Bridg is closing the loop for brick-and-mortar restaurants, and soon for retailers, by providing them with key consumer insights.

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Retail’s Ups And Downs: Holiday Shopping, The Olympics And The Samsung Galaxy Note 7

PYMNTS

Here are some of the other big winners and losers of the retail game at the moment. Last week, the National Retail Federation predicted that holiday sales would climb 3.6 And that pattern appears to be carrying over as the social media company tries to find a potential buyer. percent this year to $655.8

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When QSRs Think Really Outside The Box In The Innovation Race

PYMNTS

They’re a limited edition and are only available in Austin, Seattle, Miami, Los Angeles and New York City. With the pervasive nature of social media, there is so much pressure to appear happy and perfect. The boxes are different colors, but the meals are the same. Each has a Whopper, French fries and a drink.

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11 New Restaurant Concepts Reimagining Fast Food & Casual Dining

CB Insights

In 2017, the National Restaurant Association reported annual sales of $799B — close to 48% of the total amount that Americans spent on food. In the past decade, restaurant and bar purchases have grown at twice the rate of general retail spending. Americans dine out more than ever before. That’s not a new development.