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Retailers Rethink Store Concepts, Digital Strategies Amid New Realities

PYMNTS

Traditional retail locations, ranging from fashion and home furnishings to hardware and department stores, have been forced to make significant changes in the face of heightened competition from eCommerce giants like Amazon and omnichannel powerhouses, like Walmart and its online unit, Jet.com.

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eBay’s Head Of Payments On Localizing Buyer-Seller Experiences

PYMNTS

The COVID-19 pandemic is driving consumers online to shop and pay, and their rapidly changing shopping habits are forcing merchants to rethink their digital strategies. percent year-over-year increase since 2019. Around The Payments Orchestration Ecosystem.

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

PYMNTS

“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. By 2018 the company had 500-600 employees developing digital assets for Retail 3.0. Amazon also acquired a 9.5 percent stake in Future Group valued at ?2,500 2,500 crore.

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Chipotle On Capturing Loyalty Program Members Amid Rising Pandemic-Driven Digital Sales

PYMNTS

Fast-casual chain Chipotle Mexican Grill , which has more than 2,700 global locations, has ramped up efforts to enhance customers’ digital experiences to match those it offers in-restaurant. sales has swelled to 39 percent since March, up from 20 percent in 2019. One recent PYMNTS survey found that 38.7

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Nordstrom Beats Q1 Estimates Amid Focus On Digital

PYMNTS

Nordstrom said, “Ken is instrumental in driving our digital strategy as we continue to evolve our business. He will also continue in his role as President of Nordstrom.com.”. In its off-price business, the company has rolled out Nordstrom Rack in Canada.

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Inside Chipotle’s Decade Of Digital-First Ordering Innovation

PYMNTS

A convenient and seamless ordering experience from online and mobile channels is essential for restaurant customers. Quick-service restaurants (QSRs) have heard the call for innovative digital ordering capabilities, with several major brands stepping up their investments in this area. About The Tracker.

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Walmart Pushes Digital Innovation During Investor Day

PYMNTS

Just ahead of its annual investors meeting, Walmart lowered its fiscal 2019 forecast for adjusted earnings per share to a range of $4.65 The retailer purchased a 77 percent stake in Flipkart for $16 billion in May of this year as part of its longer-term global digital strategy. to $4.80, down from $4.90 sales growth in a decade.