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Why Does The Path To Retail Innovation Go Through So Many Labs?

PYMNTS

It’s not enough to be a retailer these days, not if a merchant intends to survive in a world of commerce dominated by the likes of Amazon and other tech-focused competitors. Innovation is one of the keys to advancement — and that increasingly means opening tech hubs, incubators and other such operations. New Efforts. Lab Changes.

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

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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.

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The Many Pivots On The Path To A Multi-Million Dollar Skincare Brand

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One might assume the hardest part of building a product to disrupt the traditional sunscreen industry would be actually formulating a new brand of sunscreen. The problem, it turned out, was that in 2007 when this project was first lifting off the ground, regulations in most states made this model basically illegal.

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Physical Retail Isn’t Dead – The Physical Store Model Is

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It looks like we can finally have a serious conversation about the impending collapse of physical retail in the U.S. All it took was a 160-year old retailer and a $34 billion kick in the stomach to the retail sector to get everyone’s attention. retailer, Sears, which found itself standing at Chapter 7’s front door.

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Luxury Retail Stores Nordstrom, Neiman Marcus Could Learn A Thing Or Two From eCommerce Unicorn Farfetch

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Luxury retail isn’t such a cushy business these days. Nordstrom might be going private , the retail company announced in news Thursday (June 15). percent from the previous quarter, while retail net sales climbed only 0.5 Luxury retail isn’t seeing setbacks because of the economy or uncertain political environment.

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Elizabeth And James Rises Again At Kohl’s

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The Olsen twins’ fashion empire has had a rather twisty and turny path through the world of retail apparel. The Row’s most beloved item of 2011, for example, was an alligator handbag that promptly sold out – even though its retail price was $39,000. It is coming to Kohl’s. “Our ” Will it work?

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‘Raiders Of The Lost Walmart’ Expose Retail Discounting Sins

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Everybody likes to talk about the addiction that brick-and-mortar retailers have developed for deep, and often destabilizing, discounts, and they usually point to store closings and executive board shakeups at Macy’s and other chains as clear proof of these practices’ consequences. NOW: $150.00”).

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