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Furniture Retailer Article Launches ADT Delivery Program

PYMNTS

Digitally-native furniture and home décor retailer Article has launched an in-house delivery program in Los Angeles and New York. Article has also been able to cut average delivery time by two days, and the company plans to expand the program to additional major North American cities over the next 18 months.

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Retail Deposits: Analyzing Deposit Stickiness in the Current Interest Rate Environment

Perficient

In our previous article, “ Transaction Accounts: Analyzing Deposit Stickiness in the Current Interest Rate Environment ,” Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE) explored the sharp decline in transaction account balances over an 18-month period.

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How Article Wants To Conquer Furniture Delivery’s Last Mile

PYMNTS

Article is part of that up-and-coming class, though its story is a bit different than its fellows in the field. Andy Prochazka, now Article’s chief marketing officer, had discovered while working in China the really massive gaps between production costs and retail pricing. Article launched to do just that.

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Walmart Reboots Retail With Its Re-Think On Robotics

PYMNTS

This in a week that has seen news reports that the world’s largest retailer has terminated its contract — and a 3-year-old automated shelf-stocking experiment — with San Francisco’s Bossa Nova Robotics , having found that existing “human” employees were able to do the same work just as well. Not Just Walmart.

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Will Banks and Fintechs Become Retail Media Networks?

The Financial Brand

This article Will Banks and Fintechs Become Retail Media Networks? This article Will Banks and Fintechs Become Retail Media Networks? appeared first on The Financial Brand. appeared first on The Financial Brand.

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Commercial Landlords Pinched As Retailers, Theaters, Gyms Skip Rent Payments

PYMNTS

As property executives report their quarterly earnings, some landlords are starting to put the squeeze on retailers that have skipped rent payments as a means to survive pandemic-triggered lockdowns. On the flip side, some 98 percent of footwear retailers paid rent last month, and 96 percent of craft stores paid.

Retail 152
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Retail Inventory Levels Move In The Right Direction

PYMNTS

One of the overlooked elements from the retail earnings reports of recent weeks is inventory levels. But several reports are pointing to healthy inventory positions as a point of optimism in retailing’s comeback progress. The longer an article of clothing sits unsold in a store, the deeper the markdown needed to sell it.

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