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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.

Retail 203
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Why A Chicago Startup Is Tying Its Future To Physical Retail

PYMNTS

Brick-and-mortar retail oftentimes gets a bad rap in 2018. Last year saw store closures spike 200 percent to 7,000 — the worst retail bloodletting since the dark days of the 2008 recession. The widely shared consensus is that this could all get quite a bit worse for physical retail before it gets better.

Chicago 102
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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

However, the last few weeks of action in payments and commerce has convenience of a plausible other explanation: He didn’t live long enough to see retail reinvention in the digital age. So in some sense, it is not surprising that the team at Boston Dynamics chose a dog to be their robotic delivery beast. Pray for the baristas.

Boston 108
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Will Dynamic Pricing Change How Automotive Parts are Sold?

PYMNTS

Also working in favor of car companies is the relative murkiness of the market for spare parts, which Reuters addressed in its June 3 report. But based on how dynamic pricing has been used in retail, significant issues are likely to follow — if not tweaking of certain business models.

Software 100
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2021 GonzoBanker Awards

Gonzobanker

For the past four-plus years, Chesler has guided Glacier through continued growth and successful acquisitions across the West, all while staying true to Glacier’s local market culture. Goes to the growing cacophony of low-code and no-code software promises in the bank tech market. Man That’s a Cruddy Market.

Fintech 143
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How Innovation Became A Core Competency For Neiman Marcus

PYMNTS

In fact, those mirrors will also record a video of the make-up tutorial one received in store and email it to the customer for future reference. And while the upgrades are various, they all come together to tell a single story about how Neiman Marcus is looking to reinvent retail for an entirely new digital world — and digital consumer.