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Retailers Ask The Fed For Real-Time Payments

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The system may eventually shorten the lag time between when a shopper pays with a debit card to when the funds arrive at the retailer, The Wall Street Journal reported. Target and Walmart, as well as trade groups like the National Retail Federation, have reportedly long talked to the Fed about faster payments.

Retail 139
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Retail Pulse: 7-Eleven Tests Cashierless Tech; Staples Debuts Connect Store Concept

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Brick-and-mortar retailers are testing convenience store designs that let consumers skip the checkout line and pay for their purchases with their mobile phones. 7-Eleven President and CEO Joe DePinto said in an announcement , “Retail technology is evolving at a rapid pace, and customer expectations are driving the evolution.

Retail 143
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Etsy Spends $275M To Expand Into Music Instrument Market

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Once the transaction closes, Reverb will continue to operate as a standalone business. Vibrant two-sided marketplaces are lightning in a bottle — there are only a handful of them operating at scale — and Reverb is one,” said Etsy CEO Josh Silverman in a press release. We’ve always found inspiration in Etsy.

Marketing 109
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Macy’s Continues Testing Of Lockers

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The retailer is continuing to test the lockers through an installation at a New Jersey store per a tweet from a Fortune writer, industry news source Chain Store Age reported. Shoppers can find the lockers adjacent to the retailer’s “At Your Service” counter at the New Jersey location.

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Etsy Buys Music Instrument Marketplace For $275M In Cash

PYMNTS

Once the transaction closes, Reverb will continue to operate as a standalone business. Vibrant two-sided marketplaces are lightning in a bottle — there are only a handful of them operating at scale — and Reverb is one,” said Etsy CEO Josh Silverman in a press release. We’ve always found inspiration in Etsy.

Community 100
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The Tale Of Two Malls In A Post-Anchor World

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Some properties have trendy retailers and strong entertainment options, while other malls may rely on anchor stores for traffic and may find it harder to fill the space left behind when one closes. One mall located outside of Chicago, for instance, lost a Carson’s store and also has a Sears.

Las Vegas 179
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Grocery Deliverer Shipt Adds Alcohol

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Internet Retailer is reporting that grocery delivery service Shipt is adding alcohol to its list of shoppable products. Come July 27, customers in the Orlando area will be eligible to get their drink on courtesy of Shipt and partnering retailer ABC Fine Wine & Spirits , which operates 150 locations across Florida.

San Diego 100