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Boxed And Costco Have Their Roots In A 1970s New Jersey A&P Store

PYMNTS

In the 1970s, the venerable The Great Atlantic & Pacific Tea Company (A&P) was losing market share. To try to increase its market share, A&P came up with a novel way to sell groceries: It decided to sell its most popular items in their original wholesale bulk packaging — for a much cheaper price.

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NJ Online Gaming Revenue Set To Grow 66 Pct This Year

PYMNTS

With blackjack and roulette on mobile phones, the growing market for online sports wagering in New Jersey has introduced gamblers to virtual casino games. Approximately 20 brands of online casinos are vying on a reportedly small field. Geofencing makes sure that mobile apps stay within each state.

NJ 131
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DraftKings To Merge, IPO At A $3.3B Market Value

PYMNTS

Jason Robins, the co-founder and CEO of DraftKings, is going to run the new company, which will be incorporated in Nevada and keep its headquarters in Boston. The company currently has offices in New York, New Jersey, San Francisco and Las Vegas. The new deal with the other companies gives DraftKings a valuation of $3.3

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Casper Is The Latest Digital Brand Testing Pop-Up Shops

PYMNTS

Online mattress firm Casper appears to be the latest startup taking the brick-and-mortar plunge and launching 15 pop-up shop locations nationwide, according to reports from retail news source Chain Store Age. The first stop on the retail tour was Ponce City Market in Atlanta, Georgia, the Wednesday (Oct. 25) article said.

Branding 100
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Digital Bespoke Platforms Can Provide Brands With Valuable Data

PYMNTS

To take on the dress shoe market, Echevarria decided to partner with a factory in England that produces shoes for top fashion brands and form his own brand, Blackstock & Weber. Since the factory charged a reasonable price, he was able to pass on a reasonable price to the consumer.

Branding 100
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New RadioShack Owner Looks To Turn 'Fallen Angels' Into eCommerce Stars

PYMNTS

It’s a plan the company describes as “transforming well-known, distressed retail brands into eCommerce success stories.” REV Executive Chairman Tai Lopez stressed RadioShack ’s sales potential as a well-known global brand. Snapping up Fallen Retail Brands. It’s Not Just About Retailers.

Branding 254
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Macy’s Rolls Out Mobile Checkout

PYMNTS

The retailer has already tested the technology at a store in New Jersey. With this technology — which as undergone a trial period at three of its locations in New Jersey, New York and Florida — customers can experiment with moving items around a virtual room through a tablet in the retailer’s stores.

Mobile 143