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What banks can learn from Wal-Mart

Chris Skinner

Can Wal-Mart’s Expensive New E-Commerce Operation Compete With Amazon? In the video, Lore presents a plan to bet Wal-Mart’s future not on e-commerce standbys such as books, electronics, and toys, but on product areas only now becoming popular online, including apparel, fresh food, and “everyday essentials” like drugstore items.

Omaha 277
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Retail Pulse: Amazon Grows 4-Star Footprint; Forever 21 Files For Bankruptcy

PYMNTS

Online retailers are expanding their brick-and-mortar footprints – and using feedback from eCommerce customers to inform the selections in their new stores. Amazon , in one case, has added a suburban Boston location to its roster of Amazon 4-star stores, marking the fifth location of its type in the United States.

Retail 109
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Saving Main Street From Its Downward Pandemic Spiral

PYMNTS

To describe these behaviors, author and behavioral scientist Dr. Robert Cialdini coined the term “social proof” in his landmark book, “ Influence ,” which was first published in 1984. The owner of an upscale hair salon in Boston is an example of a business living this reality. Social proof can also work in reverse. Saving Main Street.

Maine 199
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Merchants Gone Wild: The Surcharge Edition

PYMNTS

Since about mid-December of 2018, checking out in the stores here in Boston has become even more of a hassle. This newfound friction is the result of the City of Boston passing a bill that bans plastic bags and gives merchants the right to charge for ones made of paper. It wasn’t until 2011, when a complaint was filed with the U.K.

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Rescuing The Restaurant Business From App Decline

PYMNTS

The model for the DineVite online and mobile app is actually similar to social media. Restaurants can add incentive to a slow night, or pull back on promotions during full bookings. The operative word is control. “I They decide how to extend selected discounts, when to offer them and who to offer them to.

Miami 130
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Chapter 11 Watch: Cosi Files, But Are Sears, Claire’s Next In Line?

PYMNTS

Cosi, the Boston-based sandwich chain renowned for its flatbread sandwiches, filed for bankruptcy in a Boston courtroom. Cosi operated 74 company-owned restaurants and 31 franchised restaurants in 15 states at the time of filing. 99 Cents Only Stores LLC, Nebraska Book Company, Inc., The company also fired CEO R.J.

Boston 100
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Wayfair’s Burgeoning Home Goods Ecosystem

PYMNTS

In fact, in its founding days back in 2002, Wayfair fit comfortably in the spare bedroom of Conine’s Boston-area home. As of now, the firm is looking to branch out from its Copley Place headquarters in downtown Boston and into a neighboring building that reportedly has enough space to accommodate it. Doubling Down On Tech.

Boston 100