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Will Chicago Be The Next City To Say Bye-Bye To Uber And Lyft?

PYMNTS

A vote in Chicago this week could decide if Uber and Lyft will continue to operate there, as the vote from the full city council will determine whether or not ride-sharing firms will have to comply with the same types of regulations city-licensed taxi drivers are forced to. Chicago Mayor Rahm Emanuel notably opposes the measure.

Chicago 101
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Team USA Launches Omnichannel Strategy For Olympic Retail

PYMNTS

Fanatics , a company that sells Team USA merchandise, has taken a novel approach to Olympic retail this year with a physical store in a major U.S. The store marks a milestone for Team USA: It’s their first in-person retail store outside the Olympic Training Center in Colorado. Retail Gold. The Economics.

Retail 118
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Deliverr Puts $40M On The Board To Battle Amazon

PYMNTS

Yesterday, the smaller-scale fulfillment company closed $40 million in Series C funding, led by Activant Capital, bringing its total capital raised to $70 million. That’s where Deliverr comes in,” said Steve Sarracino, founding partner of Activant Capital, in a statement. population now within 100 miles of one of its warehouses.

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22-Year-Old Entrepreneurs Win ‘Shark Tank’ Deal For Quevos Startup

PYMNTS

Twenty-two-year-old entrepreneurs Nick Hamburger and Zack Schreier started their first business in sixth grade, charging students at their Chicago-area school $3 for some cool Japanese soda pop that they bought for $1.25 — until the administration shut them down. Investor Daniel Lubetzky. Quevos is currently offering a $14.99

Chicago 291
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Brookfield Properties Buys GGP For $9.25B

PYMNTS

We are pleased to have reached an agreement and are excited about combining Brookfield’s access to large-scale capital and deep operating expertise across multiple real estate sectors with GGP’s portfolio of irreplaceable retail assets,” Brookfield Property Partners CEO Brian Kingston said in a statement, according to CNBC.

Chicago 122
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Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

PYMNTS

Score one for the Midwest: Verizon said this week (March 13) it will launch its 5G network in Chicago and Minneapolis on April 11. The announcement from the mobile network provider serves as the latest demonstration that 5G is coming, and that retailers and payment services providers should get ready to operate in the 5G world.

Mobile 168
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Do Soft US Business Investments Mean A Bumpy Holiday Season On Horizon?

PYMNTS

capital goods were up in July, but shipments were down by the most in about three years. In terms of the headline numbers, Commerce Department data showed that non-defense capital goods orders were up 0.4 In terms of the headline numbers, Commerce Department data showed that non-defense capital goods orders were up 0.4

US 108