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Virtual Reality Gains Traction In Retail

PYMNTS

Virtual reality could have more retailers reach more consumers in the coming few years — in large part by upping the consumer experience. Four temporary pop-ups have opened and are opening in New York, San Diego, San Francisco and in the Las Angeles suburb Santa Anita, CNBC reports. and Europe by 2022. Amazon VR Push.

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Amazon Takes Territory In US And Beyond

PYMNTS

Township leaders are ecstatic, yet some fear the company could kill more jobs than it creates because of its threat to the retail sector. The distribution centers are supposed to reduce delivery time on packages, which undercuts one of the last remaining advantages of brick-and-mortar retail: instant gratification.

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LendingPoint Unveils Retail Financing Platform

PYMNTS

To help merchants and other service providers convert more consumers at the point of sale, LendingPoint has unveiled LendingPoint Merchant Solutions, a platform that will provide fully integrated one-stop retail financing, the company said in an announcement. The move comes after the company acquired LoanHero in Dec.

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Retail Pulse: Walgreens To Test Drone Deliveries; Walmart To Relaunch Scoop

PYMNTS

Retailers are testing drone delivery to grow their omnichannel offerings and provide “store to door” on-demand service to their customers. The company finished the first stage of testing in conjunction with McDonald’s at San Diego State University, per reports in June. Walgreens Boots Alliance, Inc.

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Report: Amazon Slows Alexa Staff Hiring To Improve Margin

PYMNTS

A representative for the eCommerce retailer said in a statement cited by the outlet that it “did not implement a hiring freeze, and the pace for hiring across Alexa and our Devices organization continues to be very strong. And, in other Amazon news, the retailer is continuing its strong clamp-down on counterfeit items.

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Fabletics Announces Brick-and-Mortar Expansion

PYMNTS

Activewear brand Fabletics , which was co-founded by Kate Hudson in 2013, announced plans for a retail expansion across the U.S. The company confirmed that the new locations will bring the brand’s total retail store count to 30 locations throughout the U.S.

San Diego 190
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Retail Pulse: Shopify, Warby Parker Open The Doors On Digital-First

PYMNTS

Online brands continue their march into the offline world as Shopify and Warby Parker announce plans to open brick-and-mortar locations in the coming months. Warby Parker CEO Neil Blumenthal said, unequivocally, that he doesn’t believe retail is dead or dying — only “mediocre retail experiences.”

Retail 101