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Reinventing Retail’s ‘Anchor Store’ For The Omnicommerce Age

PYMNTS

That Amazon is a widely lionized yet simultaneously imitated force in retail is not surprising. Ever since Amazon introduced a one-click checkout, a loyalty program that people willingly paid for, two-day shipping that has compressed to same-day delivery, attempts at reinventing retail by everyone in it have been never ending.

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Bringing Deep Discounting To One Of America’s Most Expensive Streets

PYMNTS

All of the items in a Five Below are $5 or less (hence the name), and the customers it draws in are those looking to spare their budget, but still purchase items of a certain branded quality. Why would one of the least-spending store brands in the U.S. Bergdorf Goodman, Harry Winston and Tiffany & Co.

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Car Vending Machine Company Carvana Goes Up Against Wall Street

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billion, on an 82 percent increase in retail sales. That is the most organic growth of any automotive retailer ever in the U.S. According to Carvana Chief Brand Officer Ryan Keeton, opening new markets brings an uptick in overall business. “We Apparently that will get you in trouble on the Street. New Markets. Ontario (L.A.),

Company 130
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Today In Retail: UK Merchants Brace For Lockdown, Mall Groups File For Chapter 11 And Brands Will Be Big This Holiday

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The top stories today in retail include merchants in the U.K. are getting ready for another national lockdown as coronavirus cases continue to rise in that nation. the mall companies, Philadelphia-based PREIT and Tennessee-based CBL & Associates both announced they would be filing for Chapter 11. While in the U.S.,

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If Cash Won’t Die, Why Not Manage It Better Digitally?

PYMNTS

However, even as the use of cash declines, there is mounting evidence that it’s not going anywhere, whether it be the ongoing political backlash to the concept of a cashless retail economy or merely the realization among many consumers that using cash instead of credit cards is a better way to keep from sinking into debt.

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The New History Of Black Friday

PYMNTS

Most people know some version of an apocryphal legend about how retailers need the holiday shopping season to get their sales “into the black,” and Black Friday is named for the beginning of the profitable season. As with many things commerce and retail these days, Amazon can rightly be held responsible for setting the pace.

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Uber Of X: Truxx Is The Uber Of Moving

PYMNTS

We are also expanding into retail partnerships as a “last mile” service. By promoting and offering in-store access to the Truxx service, retailers drive sales by conveniently solving a problem for customers for no additional cost. TruxxRetail is for pickups at a partner retail location. TruxxMe is driver-only.