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Rinse Clothing Service Raises $14M To Expand To Boston, Chicago And Beyond

PYMNTS

Rinse has a solution for both, and thanks to a $14 million Series B funding round led by Partech, it’s taking that solution to two new cities: Boston and Chicago. We refer to it as ‘death by a thousand cuts.’ ”. The solution is simple, but that doesn’t mean it was easy.

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Early Days: AI Shows Promise And Limitations For Retailers

PYMNTS

Perhaps the most important thing for retail executives to understand outside of the “early days” perspective is that AI is going to morph from an engineering-only property to marketing and from a big-scale retailers to small and medium-sized businesses (SMBs). The scale in AI is about the data, not the retailer, according to Oliver.

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Why A Chicago Startup Is Tying Its Future To Physical Retail

PYMNTS

retail and apparel markets are nearing recession levels, tripling in the past six years. The brand was occasionally referred to as the “Warby Parker of ties” in its early days, despite actually being a few years older than Warby. That has lead to some curious results. I don’t think you’ll see us opening a ton of retail stores.

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Room To Grow: Why WeWork’s $20B Valuation Isn’t Crazy

CB Insights

We’ve examined previous unicorn valuations including Dropbox , Airbnb , and Blue Apron and compared WeWork’s current and projected valuation data, using CB Insights’ Enhanced Valuation capability, against those posted by a few of its public-market counterparts. Boston Properties reportedly has 43.7

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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. Soon, consumers in many states in the U.S. The Ban on the Ban.

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The Week In Very Weird Commerce

PYMNTS

We will bring at least one … entirely new drink into Happy Hour this year that is going to be as good as Unicorn or better,” Starbucks CEO Kevin Johnson said, referring to the chain’s coming-soon promotion of half-priced fraps to customers from 3:00 pm to 5:00 pm. And where there is success, there is repetition. “We

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The community banks standing by hospitality customers

Independent Banker

So, we were definitely capturing STR report data on a monthly basis and getting financials and doing everything we could to monitor their performance,” says Dick, referring to Smith Travel Research, a firm that publishes hospitality benchmarking data. For us, nothing really fits a box,” Patel adds. and ADR by 6%.