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The Co-operative Bank selects Finastra Kondor Cloud for modernized treasury infrastructure

Bobsguide

Cloud migration digitalizes the bank’s processes, enhances integrated ecosystems and enables new opportunity for growth in the UK. Moving from an on-premises model to a cloud-based managed service is a big part of our operational strategy for treasury activity,” said Gary McDermott, Treasurer at The Co-operative Bank.

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Retailers Rethink Store Concepts, Digital Strategies Amid New Realities

PYMNTS

Nordstrom , the Seattle-based fashion retailer, has aggressively pursued changes in both its in-store presentation to customers and its drive to improve its omnichannel approach with changes to its digital operations. DHL Supply Chain, a unit of Deutsche Post DHL Group, will operate the center.

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Walmart Finds Buyer For ModCloth

PYMNTS

After the acquisition, ModCloth will continue to operate out of its current operational set up, with Go Global Retail investing in its digital capabilities including artificial intelligence and predictive analytics. Walmart acquired the assets and operations of ModCloth in March 2017 for an undisclosed amount.

Retail 129
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Walmart’s Bonobos Cuts Staffers To Buoy Sagging Online Sales

PYMNTS

Walmart bought Bonobos for $310 million in 2017. In 2017, the retail giant bought ModCloth and Moosejaw, and outdoor retail company. Walmart has begun the process of letting go of some of those acquisitions, and earlier in the year it folded Jet.com into already existing operations.

Online 100
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India’s Future Group Cuts eCommerce Venture, Lays Off About 400

PYMNTS

The layoffs affected sales, product development, marketing and ground operations and took place over the last few months, two sources said. The idea was to convert the entire offline journey of a Future Group consumer into the online world,” founder Kishore Biyani said in 2017 regarding Retail 3.0. Amazon also acquired a 9.5

Groups 101
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JD.com, Farfetch To Offer Luxury Shopping Experience In China

PYMNTS

“With this agreement, and our previous strategic investments in China including our acquisition of CuriosityChina, we now offer luxury brands a one-stop solution to develop their digital strategies in accessing the engaged and sophisticated audience in this important market.

Branding 123
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QSRs Battle For US Sales With Online Delivery And Payments

PYMNTS

percent in 2017, Taco Bell has been drawing in customers with new food items, a Live Más marketing campaign and new nacho fries for $1. McDelivery on the Uber Eats app is available from more than 2,000 restaurants around the country, with 1,000 new stores added in 2017. But McDonald ’s Corp. McDonald’s $37.5 Starbucks’ $18.4

Online 101