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

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In Berlin, where last week saw a two-day meeting of financial officials from Europe, central bankers discussed digital payments and the confines of digital, national currencies. The ECB commentary, we contend, solidifies at least some regional approaches to CBDCs, but retail use cases may be gaining favor.

Boston 227
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In China, Green Shoots For Luxury Spending To Prove Fragile?

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22), Boston Consulting Group has estimated that that demand for luxury items could underpin a spending boost on the order of 30 percent as the Chinese economy rebounds. And yet, overall spending across the luxury industry could shrink by as much as 45 percent through 2020, as other regions and countries – Europe and the U.S.

Retail 169
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The Strange World Of Summer Retail

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But for all the glories of summer — long days, vacations and a built-in excuse to substitute ice cream for any actual meal — summer does have one asterisk for retailers in the U.S. So what fun in the sun can the nation’s retailers expect this year? However, across the U.S. Strange, but not necessarily bad.

Retail 100
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AmazonFresh Continues To Expand

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26) that its grocery delivery platform, AmazonFresh, is continuing its march toward national domination with the addition of two new cities : Chicago and Dallas. We continue to expand AmazonFresh into new regions so that more and more customers can take advantage of the service,” said Ben Hartman, VP of AmazonFresh.

San Diego 100
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Grubhub Acquires LevelUp

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Beyond the quarter’s results, the firm stated it has acquired LevelUp for $390 million in cash, a deal which will spur further integrations with the nation’s top restaurant brands, with additional channels in place to attract new diners.

Boston 100
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Data Dive, Go Big Edition: Apple, Amazon And CloudKitchens

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The fee-free card is Goldman Sachs’ latest inroad into the retail consumer business after establishing its online Marcus brand in 2016, which makes unsecured personal loans. According to reports last week, Amazon will soon be heading to Boston to construct a $40 million state-of-the-art robotics innovation hub.

Apple 101
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Small Business Spotlight: Just Add Cooking

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Boston-based meal kit company Just Add Cooking aims to address both by sourcing its kits from farms and businesses in the New England region. We know the pitfalls that national competitors have run into. In fact, the two may be more closely intertwined than meal kit megaliths would like to admit.

Boston 102