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Retail Pulse: Brookstone Files For Bankruptcy; Kroger Launches New Delivery Service

PYMNTS

The decision to close our mall stores was difficult, but ultimately provides an opportunity to maintain our well-respected brand and award-winning products while operating with a smaller physical footprint,” he said. Less than 10 years later, a consortium from China purchased the company for $136 million in 2014.

Retail 100
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Domino’s To Launch GPS Tracking, Falls Short In US Same-Store Sales Growth

PYMNTS

Allison also said the company will keep investing in technology to assist franchisees as well as operators. The fleet from Nuro is said to serve certain customers in Houston who place online orders. The company rolled out the ordering assistant in 2014 per an announcement in April). Digital Innovations.

US 100
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Millennial’s Matter to Bank Marketing

Long Lasting Ideas

In the age of Apple Pay, Google Wallet, and online banking, the old assumptions are shattered. A recent article in the Wall Street Journal states that the average Class of 2014 graduate with student-loan debt has to pay back some $33,000. Launch a contest asking students to design an online presence geared specifically to them.

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Surviving The Retail Apocalypse: The Technologies And Trends That Can Help Brick-And-Mortar Thrive Again

CB Insights

E-commerce sales growth is pulling ahead of total retail sales ( 17% vs. 6% for year-over-year in Q4’17), and Amazon is controlling upwards of 40% of online sales in the US, according to the US Department of Commerce and Slice Intelligence, respectively. ” — Alistair Davidson, CFO, Ikea.

Retail 59
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From AT&T To Xerox: 65 Corporate Innovation Labs

CB Insights

They’ve also got six foundry labs located around the world: Atlanta, Houston, Palo Alto, Plano, and Israel. ” Their experts have partnered with about 500 startups a year since opening the first foundry in 2011; their newest facility opened in Houston in 2016. Innovation Lab Name: One Market Center. Founded: 2013.