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How Experiential Retail Is Giving Physical Stores An Edge

PYMNTS

As 2020 unfolds, the retail business has been dramatically altered. But with consumer spending holding steady, it’s important for retailers to grasp the opportunity to create innovative ways to get, keep and grow customers. And retailers that deploy experiential tactics drive repeat purchases at rates nearly twice those who don’t.

Retail 210
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Simon, Taubman Join Forces To Save The Mall

PYMNTS

As retail owners face the challenge of decreased foot traffic and store closures brought on by the rise of eCommerce, mall owners have been aiming to change their properties with the introduction of dining options, entertainment and other features. Simon, which is based in Indiana, would pay $52.50 a competing owner of malls.

Detroit 132
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Tide Launches Omnichannel, On-Demand Laundry Service

PYMNTS

Tide, the laundry brand owned by CPG Detergent, is introducing a service called Tide Cleaners, an on-demand dry cleaning and laundry service, at 1,000 locations in cities across the country, according to reports. The service works with drop boxes in offices, storefronts and high-rise buildings.

Omaha 145
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Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Modern-day retail is at an inflection point as retailers face struggling physical storefronts, massive debt, and inefficient operations, among other issues. Formerly beloved brands such as Aeropostale, American Apparel, and PacSun bit the dust in 2016, and the pace of retail deaths has accelerated since then.

Retail 78
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Why Libraries Are Giving Up On Late Fees

PYMNTS

That lost library book we had almost managed to convince ourselves no longer existed. Unique Library, based in Indiana, is one such specialty credit firm. The one thing we kept hearing from customers over and over again,” Chou said, “was that their trust in our brand went beyond that loan they got that one time.”.

Minnesota 188
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Stranger Summer Payments Things

PYMNTS

But if it is just too hot to read all of that data, a quick trip through the last seven days of retail news will prove that hot weather puts people on edge, makes them angry, dampens their reasoning ability – and leads to some truly spectacular choices. It is going to be a very effective introduction to the Uber brand.”.

Payments 129
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Autopsy Report: 9 Startup Failure Stories And What We Can Learn From Them

CB Insights

Select investors : Amazon, Hummer Winblad Venture Partners, Bowman Capital Management LLC. But despite the popularity of its sock puppet mascot, the online pet supplies retailer went out of business just 9 months after its Super Bowl ad, doomed by an untenable business model and the bursting of the dot-com bubble. Powa Technologies.

Report 78