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U.S. Bank branch restructuring is underway with closures in Chicago area

Bank Innovation

Bancorp is closing 21 branches in the Chicago area as part of a restructuring plan to expand its physical footprint in some markets while shrinking its presence in others, bank spokesman Evan Lapiska confirmed.

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Uber Freight To Invest $200M To Set Up Shop In Chicago

PYMNTS

Uber Freight has announced that it is investing $200 million to “put down roots” in Chicago. Chicago is consistently at the forefront of innovation, from building America’s foundational transportation systems and its first skyscraper, to fostering world-class universities and research centers.

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Canada’s Aritzia Opening Second Chicago Location

PYMNTS

is expanding in Chicago as it targets both brick-and-mortar and online expansion. According to Chain Store Age , the fashion retailer will open a flagship on Rush Street in Chicago this fall. Canada’s Aritzia Inc. The Vancouver, British Columbia–based company already operates a store in the Windy City, at Water Tower Place.

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The Resilience Of Subscription Commerce And Auto Sales 

PYMNTS

The automotive market is surging amid COVID-19, and companies such as Carvana are reaping the benefits. Carvana has been an innovator in the space, with its high-profile vending machines in multiple major markets. Data: 293%: Increase in the Chicago Tribune’s digital subscriptions in March. All this, Today in Data.

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Innovation-Seeking Big Brands Pop Up In Small Spaces

PYMNTS

It also comes with a bit of staffing twist, as Macy’s own team members will service the brands per a February The Market@Macys report. Cosmetic firm Glossier opened a new retail store on Chicago’s West Loop on Aug. The Chicago store is not Glossier’s first run at pop-up shops. Stay tuned.

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Digital Freight Services Race Toward More Cash And Last Mile Innovation

PYMNTS

The latest example of the power of those digitally-enabled innovative efforts comes from online freight marketplace operator Convoy. Earlier this year, Uber Freight has announced that it is investing $200 million to “put down roots” in Chicago. As The Wall Street Journal reported this week (Nov.

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7-Eleven Launches Beer Delivery In Select US Markets

PYMNTS

” According to Fortune , the company will test the service in 18 markets: Austin, Texas; Charlotte, North Carolina; Chicago, Illinois; Dallas-Ft. .” ” According to Fortune , the company will test the service in 18 markets: Austin, Texas; Charlotte, North Carolina; Chicago, Illinois; Dallas-Ft.

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