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Retail Pulse: Walmart To Boost Supply Chain In China; JD Sports Rides Athleisure Popularity

PYMNTS

Retailers are bolstering their supply chains in China as they seek to enhance their service and offer customers fresh products. The post also pointed out that the retailer invested over RMB 700 million – which is approximately $100 million – to create the South China Fresh Food Distribution Center. Other Brick-and-Mortar News.

Retail 101
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Big Retail Problems, Small Format Solution?

PYMNTS

With traditional brick-and-mortar retail facing big problems , some chains are addressing them with small solutions. Is this a viable answer to the beating that Sears’ bottom line (and that of many other one-time stalwarts of brick-and-mortar retail) have been taking in recent years? Specifically, with small(er) stores.

Retail 100
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Shifting The Used Car Market Into Overdrive

PYMNTS

Via online and mobile it has introduced artificial intelligence (AI)-based technology in pricing cars as well as qualifying for financing. If the seller is still interested Shift personnel will pick up the car from one of its hubs (San Diego, Los Angeles, San Francisco, Sacramento and Portland) and pay the seller via ACH transfer.

Marketing 242
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Faster Cash Back, Happier Customers?

PYMNTS

Cash back programs are nothing new for financial institutions (FIs), but the banking industry may be well-served to take a few cues from the masters of rewards: retailers. For millennials, these cards simply don’t induce the same debt-based anxieties as credit cards. Think like a retailer. Winning the millennial market.

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They Grow Up So Fast: Gen Z Starts Taking Consumer Power

PYMNTS

That principle seems to hold true with millennials , as they lose some of the consumer spotlight to their successors in Gen Z. Brands, retailers and payment providers are already preparing for the arrival of Gen Z as adult consumers. The retail chain recently launched three house brands geared toward its teen and young adult customers.

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The 2015 GonzoBanker Awards

Gonzobanker

To PNC , who at BAI Retail Delivery pointed to hiring a behavioral psychologist to review its origination process. To Facebook’s Jerry Canning , a solid digital panelist at the ABA conference who pointed to the need to engage in conversations online with the customer, “the new CMO.” Online Relationship Builder (ORB) from Alkami.