Amazon adds store with Just Walk Out tech
Payments Dive
DECEMBER 1, 2022
The 5,000-square-foot location in Southern California marks the latest addition in a region where the e-commerce giant operates numerous brick-and-mortar retail stores.
California Operations Regional Retail 
US Retailers Confront Data Privacy Shifts
PYMNTS
MARCH 27, 2020
While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. European Union and other regions currently fighting the pande mic. To find out more about how U.S.
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Retail Pulse: Dine Brands Teams With Postmates; Walmart Rolls Out Alcohol Pickup
PYMNTS
NOVEMBER 1, 2019
Postmates provides on-demand delivery choices from over 500,000 restaurants, convenience stores and grocery stores, in addition to traditional retailers. He also noted that the company was “thrilled to provide customers access to these restaurants in the 3,500+ cities we operate in.”. restaurants. million and 81 cents.
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Apple To Shutter 30 More US Stores Again Amid Pandemic
PYMNTS
JULY 2, 2020
As instances of the coronavirus quickly increase in a number of regions across the nation, Apple plans to shutter 30 more stores in the United States on Thursday (July 2) at the latest. The tech company, which has 271 retail shops in the United States, has recently closed 47 stores again, CNBC reported.
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Grocery Roundup: 2020 Finishes Strong, Price Chopper Doubles Down On Digital
PYMNTS
JANUARY 7, 2021
In what seems to be a response to the passage of Proposition 22 in California two months ago, Albertson, the country’s second-largest grocery store chain, has announced it will eliminate its unionized delivery drivers in California. The Placer report, which examines transactions for the seven top U.S. Pandemic-Driven Redesign in Asia.
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Credit Issues Stalk Malls And Anchor Tenants
PYMNTS
JUNE 22, 2020
On the optimistic side Elliot Nassim , president of Mason Asset Management, which co-owns the University Mall in Carbondale, Illinois, says: “We have always felt that the retail industry is evolving, despite what doomsday headlines would have you believe. There are about 1,000 malls — both privately and publicly held — operating in the U.S.
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Walmart Launches Alcohol Pickup In Select States
PYMNTS
OCTOBER 31, 2019
Walmart has announced that customers in 2,000 locations in 29 states can use the retailer’s pickup service for their alcohol purchases. In states including California, Texas and Florida, shoppers can select from a variety of wine and beer options, including regional or local brands.
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Fashionphile Snags $38.5M In Series B To Boost reCommerce
PYMNTS
AUGUST 31, 2020
The company noted that its retail collaboration with Neiman Marcus has connected the primary and secondary market via its reCommerce system, authentication technology and proprietary pricing formula. Dragoneer is a California-based investment company, while Tencent is a China-based worldwide technology firm. and other countries.
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Retail Bedfellows Tracker: Tesla Gets Tanned, Lululemon Outfits Olympians
PYMNTS
AUGUST 4, 2016
” In love, this is true, but in retail, friends in high, low and every other place in-between can be just what merchants need to dig themselves out of a rut. At least that’s the driving force behind most of the members of this week’s Retail Bedfellows Tracker. ” The Backdoor To Indian Retail.
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PetSmart Continues Brick-And-Mortar Expansion With More Store Openings
PYMNTS
DECEMBER 14, 2017
Pet goods retail chain PetSmart announced Thursday it had opened 28 new brick-and-mortar storefronts in North America during the quarter that ended Nov. Canada and Puerto Rico, and the company operates another 207 in-store PetSmart PetsHotel dog and cat boarding facilities. The 1,600 stores are located in the U.S.,
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Does Destination Maternity Chain Bankruptcy Signal Larger Trends?
PYMNTS
OCTOBER 21, 2019
Retail chain Destination Maternity reportedly filed for bankruptcy on Monday (Oct. 21), the latest commerce operator to be on the verge of extinction in this age of digital and mobile. though they also operate under such brands as Motherhood Maternity and Pea in the Pod stores. “As Another one seems ready to bite the dust.
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Levi Goes ‘Soft And Stretchy’ In A Rigid Retail Market
PYMNTS
OCTOBER 21, 2016
Retailers that are unable to call on substantial financial reserves are struggling in the current environment. Mobile shopping is growing and a key focus of retailers going into the holiday season. Mobile shopping is growing and a key focus of retailers going into the holiday season. and Pacific Sunwear of California Inc.
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Enterprise Security Returns To Top Of B2B Investment Mountain
PYMNTS
MARCH 1, 2019
Linking financial institutions and corporates with its Banking-as-a-Service platform, ONPEX enables FIs to deploy cloud-based account and payment technology to digitize operations and enhance their cross-border corporate payment offerings. Also operating in the enterprise security space is Cequence Security, based in California.
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Address Verification, D2C Shopping, Google’s Transition To SAP Ariba Top This Week’s News
PYMNTS
AUGUST 14, 2020
The final phase is in regards to the Asia Pacific region. What Overcoming Inertia Tells Us About The Future of Physical Retail. buyer for its American operations. A judge in California ordered Lyft and Uber to stop classifying workers as independent contractors and start categorizing them as employees.
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Square Capital Distributed 76K PPP Loans Totaling $820M
PYMNTS
JUNE 15, 2020
“In mere weeks, we were able to create an application that made it simple for business owners to complete the PPP application, knowing many Square sellers handle all elements of their business, including financial operations, themselves.”. For retail, the average loan was $11,700, and total loans were $86 million.
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Is Amazon’s Delivery ‘Purge’ A Boon To Last-Mile Rivals?
PYMNTS
FEBRUARY 24, 2020
As reported last week, Bear Down Logistics is no longer working with Amazon, with the firm cutting hundreds of jobs in the wake of that severance, and effectively ceasing operations across five states. Postmates said its overall Delivery-as-a-Service has leapt by more than 300 percent year over year across retailers.
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Are Online Merchants The Mall’s Unlikely Salvation?
PYMNTS
JANUARY 18, 2017
One might imagine that mall operators nationwide take a rather jaundiced view of the internet, since online shopping has more or less killed the mall. But perhaps that is the old conventional wisdom — the emerging idea is that online retailers are giving back some of what they’ve taken away these days. “We
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Drive.ai To Launch Self-Driving Car Pilot In Frisco, Texas
PYMNTS
MAY 8, 2018
Drive.ai , the California self-driving car startup, announced Monday (May 7) that it is launching an on-demand self-driving car service pilot in Frisco, Texas. The rides will be available within a geofenced area that is compromised of retail, entertainment and office space. In a press release , Drive.ai In a press release , Drive.ai
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Rebirth Of Malls: Anchor Stores To Become Destinations For Experiences
PYMNTS
FEBRUARY 9, 2018
As a result, malls and retailers have to rethink how malls are set up and designed. square feet of retail space for every person. With room for new establishments, malls operators are redesigning their spaces to make room for consumer experience spaces like restaurants and gyms. But it’s not just big retailers leaving U.S.
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Using Dynamic Pricing To Take On Food Instability
PYMNTS
DECEMBER 23, 2019
The combination of low population density and poverty provides for a chilling effect when it comes to construction of large-scale supermarkets in such regions, which drives consumers toward higher cost, lower nutrition options that are more accessible. . Fighting food deserts and flipping them into food oases is no easy task.
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B2B eCommerce Tips The VC Scales
PYMNTS
OCTOBER 4, 2019
An Egyptian firm landed the MENA region’s largest-ever seed round, a California company proved U.S.-based Now that Fyle has officially launched operations, the company said it would deploy the funding to focus on product innovation and global growth and to invest in sales and marketing efforts. SaaSOptics.
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Amazon’s Next Warehouse Will Specialize In Large Items
PYMNTS
JUNE 23, 2016
We are excited to expand in the state of Georgia and add a new fulfillment center to better serve our customers in the region,”Akash Chauhan, vice president of Amazon’s North America operations, said in a statement.
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Uber of X: greenRush is The Uber of Cannabis
PYMNTS
APRIL 14, 2017
It is often hard to find and search for local retailers, exacerbated by the fact that cannabis businesses are oftentimes located in undesirable areas. For the retailer, there are real technological barriers: Most retailers have limited technology experience — even the more sophisticated operators — and many do not have even basic websites.
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Uber Freight Rolls Out Platform For Shippers To Access Its Network
PYMNTS
AUGUST 21, 2018
Companies like American Tile & Stone and Premier Packaging have already begun using Uber Freight to improve their shipping operations, and we’re excited to now roll out the platform widely to our freight community,” the company wrote in the blog post.
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Localization Matters For Global Subscription Commerce
PYMNTS
SEPTEMBER 18, 2019
According to a study of retailers, the top subscription service-driven benefit is greater revenue (67 percent), followed by greater profitability (61 percent). A majority (57 percent) of B2C subscription retailers report a churn rate of 2.9 percent) had subscriptions for consumer retail products. “In percent or less.
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Startups (And Their Investors) Offer Enterprise Processes A Digital Overhaul
PYMNTS
NOVEMBER 30, 2018
Operating in the enterprise cloud space as well, Wave Computing announced $86 million in funding this week for its AI technologies, enabling companies to take advantage of its data with deep learning capabilities. The firm said it will use the investment to focus on operational expansion. Wave Computing.
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Automakers Rev Up Venture Capital Engine With 38 Investments in 2017
PYMNTS
JANUARY 19, 2018
The automaker is also reportedly joining the Open Platform operated by Lyft for autonomous cars. Careem has quickly leapt to the leadership of ridesharing within the MENA [Middle East and North Africa] regions by delivering rapid innovation and customer growth, and it is spearheading new ways to transport people from point A to point B.”.
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Getting Past ‘Standard’ To ‘Fair’: Tech Brings Efficiency To Mileage Reimbursements
PYMNTS
FEBRUARY 21, 2019
As Lackey explained during the webinar, the rate is based on country-wide averages, such as fuel prices and vehicle depreciation, and is not forward-looking, but “reflects the cost from the prior year” of operating an automobile on a per-mile basis in the U.S. Different Programs.
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What’s Next For Real Estate In Amazon’s HQ2 Cities?
PYMNTS
NOVEMBER 14, 2018
The Seattle-based eCommerce operator and cloud computing provider decided to build in both Crystal City, an urban area in North Virginia near Washington, D.C., In addition, jobs will be created in coffee shops, restaurants, retail stores and with various service providers to support Amazon workers, of course. “I Citi Reaction.
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20 Banking Realities for 2020
Gonzobanker
JANUARY 17, 2020
California CCPA), it’s hard to imagine just how far techies will be able to upend the nuts and bolts of the banking industry. New regional banks will struggle with operational maturity and customer experience. The talent arms race is beginning to cut into progress on operating efficiency.
11 New Restaurant Concepts Reimagining Fast Food & Casual Dining
CB Insights
JULY 17, 2018
In the past decade, restaurant and bar purchases have grown at twice the rate of general retail spending. Next Level Burger (Washington, California). Holistic fast casual: Mendocino Farms (California). Pets allowed: Lazy Dog (California, Colorado). Pets allowed: Lazy Dog (California, Colorado).
The 2014 GonzoBanker Awards
Gonzobanker
DECEMBER 22, 2014
GonzoBanker of the Year – We have to give this to Banc of California CEO Steven A. Banc of California went from $900 million in total assets five years ago to nearly $5 billion today. Bank Merger of the Year – California United Bank and 1 st Enterprise Bank in Los Angeles. The “If We Build It, Will They Come?”
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Rideshare Fare Aggregation Apps Highlight Local Rideshares, Surge Pricing
PYMNTS
FEBRUARY 27, 2018
In all, it operates in 400 cities in North America and reveals all the choices a consumer has for a ride — giving exposure to smaller rideshares, as well as Uber and Lyft. Olinger said the company also plans on generating revenue by advertising the expansions of smaller rideshare companies that are specific to a region or city.
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2021 GonzoBanker Awards
Gonzobanker
DECEMBER 17, 2021
Union has been a stalwart of the California marketplace since the ’50s, and this gives Andy Cecere and team a great expansion into the Golden State and also some nice wholesale banking business. Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Has to be M-O-E.
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143 Uber Of X: Heal Is The Uber Of Doctor Visits
PYMNTS
APRIL 21, 2017
We are the premier, largest doctors-on-demand service currently operating in the United States and, per our announcement in February 2017, are beginning the process of a national rollout. At this time in 2016, we had seen 3,000 patients — as of today in 2017, we have seen more than 23,000 throughout California.
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The 2019 GonzoBanker Awards
Gonzobanker
DECEMBER 20, 2019
This was a terrific combination of two education-focused cooperatives across both Southern and Northern California markets. So many miles to go, retail bankers! In a mature credit cycle with a tough yield cure, Chase is still growing retail revenue a 7+% and mobile banking users by 12+%. Credit Union Merger of the Year.
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148 The Top 20 Venture Capitalists
CB Insights
APRIL 17, 2018
15 of the top 20 operate in the Greater Bay Area. Operating Location: San Francisco, CA. Operating Location: San Francisco, CA. Operating Location: Philadelphia, PA. Operating Location: Menlo Park, CA. Operating Location: San Francisco, CA. 11 of the top 20 worked in big tech prior to entering VC.
Cloud Wars: How The Rivalry Between Amazon, Microsoft, and Google Has Enabled The Rise Of Multi-Cloud Strategies
CB Insights
AUGUST 22, 2018
Businesses around the world are looking to adopt cloud services as a way to lower infrastructure costs, accelerate software deployment, and increase operational flexibility. CSNET connected universities like California-Berkeley, Delaware, Princeton, Purdue, Washington, and Wisconsin for research purposes.
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Autopsy Report: 9 Startup Failure Stories And What We Can Learn From Them
CB Insights
MARCH 6, 2019
After soaring to a multi-billion-dollar valuation behind an iconic founder, a team of prominent backers, and a promise to revolutionize blood testing, Theranos officially ceased operations in 2018. That July, it banned Holmes from owning or operating a lab for two years. The rise and fall of Theranos. The rise and fall of Pets.com.
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17 Of The Biggest Startup Frauds Of All Time
CB Insights
MAY 23, 2019
Under California state law, insurance brokers must complete a mandatory 52-hour pre-certification course to legally sell insurance in the state. Demonstrating sales is a necessity for retail startups, especially those operating in the intensely competitive food vertical. Hampton Creek busted buying its own merchandise.
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78 Rise Of China’s Big Tech In AI: What Baidu, Alibaba, And Tencent Are Working On
CB Insights
APRIL 26, 2018
Furthermore, many of BAT’s AI products — like smart speakers, AI in retail, and autonomous vehicles — are similar to what FAMGA (Facebook, Amazon, Microsoft, Google, Apple) is working on. But across auto, health, or retail, BAT is emerging as a formidable name in AI globally.
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63 Finovate Debuts: Capriza Makes Enterprise Apps Uber-Easy
Fintech Labs Insights
JANUARY 11, 2016
Pictured: Capriza VP of Regional Business Development Ivan Prafder demonstrating Capriza at FinovateFall 2015. “We think of this efficiency that users have come to expect as the ‘one minute experience,’ Ivan Prafder, Capriza VP of Regional Business Development, said. Headquartered in Palo Alto, California.
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12 12 Industries That Will Thrive Thanks To Millennials
CB Insights
SEPTEMBER 4, 2019
Sales of plant-based meat substitutes alone increased by 23% from 2017 to 2018, with frozen plant-based convenience foods proving especially popular in the West South Central region of the US, according to the Good Food Institute. California’s Folia Collective, Sanso, and Peacock & Co. get the full report.
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242 Startup Failure Post-Mortems
CB Insights
OCTOBER 31, 2017
A notice sent to creditors said Jawbone entered into insolvency proceedings under California law on June 19. Mobeam launched back in 2010, pitching a complex solution to a problem that most couponers didn’t know exists: Most retail scanners can’t read a barcode off a mobile device. Jawbone hired Sherwood Partners to handle the matter.
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