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Early Days: AI Shows Promise And Limitations For Retailers

PYMNTS

Start creating more customer data to feed the algorithm and then you too can join the artificial intelligence (AI) retail revolution. Retailers can engage with an “AI lite” strategy that produces lookalike customer data and a level of predictive analytics. But the present and future of AI in retail is much richer. Not so fast.

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Spreaker Partners With Staples On Podcast Studios

PYMNTS

Podcast company Spreaker has teamed up with Staples Connect in Boston and its surrounding areas to be the hosting and distribution vendor in the podcast space at retail stores, according to a release. . The first six locations are opening in Massachusetts, in Cambridge, Somerville, Needham, Boston, Brighton and Danvers. .

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Retail Pulse: 7-Eleven Tests Cashierless Tech; Staples Debuts Connect Store Concept

PYMNTS

Brick-and-mortar retailers are testing convenience store designs that let consumers skip the checkout line and pay for their purchases with their mobile phones. 7-Eleven President and CEO Joe DePinto said in an announcement , “Retail technology is evolving at a rapid pace, and customer expectations are driving the evolution.

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Staples To Debut New Store Format With Coworking, Podcasting

PYMNTS

Staples is thinking outside the box with a new store format that highlights podcasting, community events and coworking spaces. The Staples Connect concept, which will be officially introduced in six Boston area stores on Feb. Office Depot’s move into coworking could be significant, as the retailer has over 1,300 locations in the U.S.,

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Why Tivoli Audio Is Trying To Make Brick-And-Mortar Retail Waves

PYMNTS

To let shoppers experience their products in person, brands are opening brick-in-mortar stores in major shopping destinations, even as major retailers are closing stores across the country. Tivoli Audio , which is a 19-year-old global brand, opened a 500-square-foot store on Boston’s famed Newbury Street in a brownstone.

Retail 144
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EU Bankers Weigh Risks, Rewards of CBDC – and Cash’s Staying Power

PYMNTS

At the same event, ECB President Christine Lagarde took note that there has been no decision yet to create a digital euro, though a task force’s findings are due to be presented within the next few weeks. The ECB commentary, we contend, solidifies at least some regional approaches to CBDCs, but retail use cases may be gaining favor.

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Why Pride Vendors Are Forgoing Cash For mPOS

PYMNTS

Pride events can draw hundreds of thousands of people, and many merchants turn out to meet them, but providing goods in such populated settings can be complicated for those that do not have the right mobile point-of-sale (mPOS) setups to make purchasing quick and convenient. Skirting Cash Shortages at Boston Pride.

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