PYMNTS

FEBRUARY 11, 2020

While “reselling” or “secondary market” are more likely to keep ownership of this burgeoning market, the reselling market is reinventing itself for 2020. Nordstrom has not yet launched its online intake program where customers will have the ability to mail in merchandise. We like the handle.

New York City 124

New York City Marketing New York Los Angeles 124

PYMNTS

SEPTEMBER 21, 2018

To break into the brick-and-mortar world, some digitally native retailers have opened shops inside department stores. At the same time, that business now accounts for half of the retailer’s revenue. In San Francisco, the company’s third-largest market, 83 percent of transactions by subscribers are “self-service.”.

San Francisco 123

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PYMNTS

DECEMBER 11, 2018

Retailers are doubling down on toys amid a gap in the market left by the bankruptcy of Toys R Us. toy retailer Hamleys , for instance, is eyeing a potential New York City location for a flagship store. The atmosphere comes as brick-and-mortar retailers have to differentiate themselves from their eCommerce counterparts.

Retail 166

Retail US New York City Los Angeles 166

PYMNTS

DECEMBER 4, 2019

“Assuming LULU can sustain an NKE-like free cash flow multiple, we see a path to a $40 billion market cap. Lululemon’s market cap is currently $29 billion, while Nike’s is $146 billion. In July, Lululemon revealed that it was opening a massive store in Chicago.

Marketing 131

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PYMNTS

JULY 5, 2020

billion for Whole Foods , the online retail giant is planning to open its second automated-checkout grocery store in Seattle’s Eastside neighborhood and is hiring managers for a third store in the city’s Capitol Hill district, The Seattle Times reported. Amazon must like the supermarket business. Three years after it paid $13.4

Seattle 220

Seattle San Francisco US Chicago 220

PYMNTS

AUGUST 21, 2020

When Walmart announced Q2 earnings earlier this week, the nation’s largest retailer announced twin blowout performances in both its eCommerce and same-store sales. The companies are testing the service in four California and Oklahoma markets, with an eye toward a national launch in 2021. Same-store sales rose 9.3

Online 160

Online Seattle NV Oklahoma 160

PYMNTS

FEBRUARY 6, 2019

Some startups are born after an entrepreneur spots a missing niche in the market: ReturnRunners , for instance, was started after its founder saw a need for a service that could help her return unneeded purchases in an age when she could outsource her groceries, dinner or dry cleaning. The Retailer Side of the Equation.

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Retail Chicago Online Company 116

Abrigo

DECEMBER 18, 2023

Takeaway 2 Advisors recommend that financial institutions look behind some of the headlines and examine their own markets before ruling out CRE altogether. But understanding trends in their own portfolios and local markets can allow lenders to identify risk-appropriate CRE credits. They’re not your hometown.

Risk Management 221

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PYMNTS

OCTOBER 21, 2016

Retailers that are unable to call on substantial financial reserves are struggling in the current environment. Consumers want everything these days, from online shopping with one-click ordering and fast delivery to an exciting and high-tech shopping experience at physical stores. Here’s an update on some of the recent casualties.

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PYMNTS

OCTOBER 18, 2019

Brick-and-mortar retailers are joining forces with online reCommerce companies to bring pre-owned merchandise into their stores, adding to their sustainability efforts. They were to be available in some Chicago, Nashville, Austin and New York stores beginning on Oct. In Other Brick-and-Mortar News.

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PYMNTS

FEBRUARY 19, 2020

But Foxtrot, a small company out of Chicago, is reinventing convenience store retail and taking it uptown. It’s an ambitious business model, which so far has been limited to eight locations in Chicago, but certainly enough to prove the concept for LaVitola, who is an investment banker by trade, and his team. in Q1 2019 to 53.1

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PYMNTS

FEBRUARY 19, 2020

But Foxtrot, a small company out of Chicago, is reinventing convenience store retail and taking it uptown. It’s an ambitious business model, which so far has been limited to eight locations in Chicago, but certainly enough to prove the concept for LaVitola, who is an investment banker by trade, and his team. in Q1 2019 to 53.1

Chicago 130

Chicago Washington Retail Dallas 130

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

PYMNTS

AUGUST 27, 2018

It’s a good time to be a retail chain. Retail Ascent. Retail is on the ascent. In July, retail sales increased 0.5 Economists had only forecasted retail sales going up 0.1 percent, online and mail-order retail sales increased 0.8 Retailer Woes. Yeah, really. percent, and grew 6.4

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PYMNTS

DECEMBER 7, 2018

Big retailers are opening smaller-format stores in major U.S. Already, the retailer has opened a Planning Studio across the pond in London in October. In the announcement, IKEA Retail U.S. Pizza Hut plans to acquire online ordering software provider QuikOrder. In Other Brick-And-Mortar News. restaurants.

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PYMNTS

OCTOBER 23, 2020

In the longer run, the service will grow over the next several months to the grocer’s 570 retail locations throughout California, Illinois, Pennsylvania and Florida. According to Amazon, the COVID-19 pandemic has triggered a massive move to online grocery shopping, home delivery and curbside pickup. Everybody Loves Walmart .

Arizona 170

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PYMNTS

APRIL 12, 2016

It’s what’s turned the retail word upside down as consumers with their mobile devices have decided they’d rather buy from their couch with their mobile phone than schlep to the mall. In other words, kick the door wide open to remote retail. Meeting the consumer where they are. That’s the mantra of innovators everywhere.

Retail 100

Retail Technology Chicago Samsung 100

PYMNTS

AUGUST 10, 2018

Traditional retail locations, ranging from fashion and home furnishings to hardware and department stores, have been forced to make significant changes in the face of heightened competition from eCommerce giants like Amazon and omnichannel powerhouses, like Walmart and its online unit, Jet.com.

Digital Strategies 104

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PYMNTS

SEPTEMBER 14, 2018

But the store’s selection will differ from traditional retail stores that carry multiple choices for, say, lipstick: It will only offer one product per category and that option will come with the magazine’s famous seal of approval. Not for retailers, who have to prepare for the holidays long before festive music hits the radio airwaves.

New York 100

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PYMNTS

JULY 22, 2019

Founded in Chicago in 2013, Reverb has been focused on making musical instruments affordable. The marketplace’s sellers are individuals, brick and mortar retailers, dealers of all sizes, and high-profile artists. “In Kalt will continue to serve as CEO until Etsy identifies a new leader of the business.

Marketing 109

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PYMNTS

JANUARY 10, 2017

From 2000 to 2013 (the last time period there is data for), prices on the things that most poor people buy disproportionately, such as food and sundries, and pay, such as rent and utilities, have risen steadily for 139 of 168 months, according to the Chicago Federal Reserve. SNAP online . All in, prices increased 3.2

Online 100

Online Chicago New York Mississippi 100

PYMNTS

FEBRUARY 26, 2020

The resale market is turning out to be one of the hottest trends of the young new year. After Nordstrom and Macy’s recently launched high-end resale retail platforms, Gap has now joined them. And lest you think it’s a bit of desperation move for struggling retailers, guess again. The overall resale market in the U.S.

Chicago 131

Chicago Retail Michigan Branding 131

PYMNTS

AUGUST 2, 2017

Between automated checkout lines, online grocery ordering and meal kit services, it seems like the inexorable tide of progress is determined to wipe out millions of jobs across the retail and grocery sectors. million jobs over the next 10 years, slashing the 16 million-strong retail workforce by 38 percent. It has already begun.

Retail 124

Retail St. Louis Chicago Marketing 124

PYMNTS

AUGUST 5, 2020

DoorDash is rolling out digital convenience stores in a bevy of major cities as it ups the ante in the fierce battle for market share in the fast-growing delivery sector. The delivery service also recently launched a Main Street initiative aimed at bolstering its restaurant and retail partners amid the challenges of the pandemic.

Strategy 155

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PYMNTS

AUGUST 6, 2020

The losses came despite what the sneaker giant called “exceptional growth” of its online sales. Online sales accounted for more than a third of Adidas’ business, which includes sales through its own website and from its partners. Adidas said 70 percent of its stores worldwide remained closed because of the pandemic.

Chicago 221

Chicago Online Branding Operations 221

PYMNTS

JULY 24, 2020

This growth is creating opportunities for numerous retailers, including BlackCool & Co. , But with BNPL you can go to any retailer, choose your product and pay over time with no credit check.” . The company plans to open other locations in Chicago, Houston, Los Angeles, New York City and Philadelphia. .

Branding 187

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PYMNTS

FEBRUARY 11, 2020

In the age of Amazon, achieving success in this market takes dozens of fulfillment centers, advanced logistics and sophisticated enterprise technology. We now live in a world where consumers expect their online purchases to arrive at their doorstep almost instantaneously. “We

San Francisco 131

San Francisco Capital Retail Chicago 131

PYMNTS

JUNE 11, 2020

The digital shift continued to show its dramatic potential to change retailing today, as three companies announced major changes to their business models. No less than Sam’s Club, Starbucks and fashion high-flyer Zara have made adjustments to online ordering and purchasing. The answer: fewer stores and a more concerted push online.”.

San Francisco 130

San Francisco New York City Retail Branding 130

PYMNTS

OCTOBER 11, 2017

In those early years, the company’s safes were some of the only ones to withstand the Great Chicago Fire of 1871, and the company was commissioned to build the world’s largest safe for Wells Fargo’s San Francisco branch in 1874. That’s because retailers have so far been quick to jump on the connected commerce bandwagon.

Retail 118

Retail ATM San Francisco Chicago 118

PYMNTS

APRIL 22, 2019

Eventually, the company plans to expand to other markets, including L.A. “We Starbucks partnered with the app in January, with San Francisco first and then spreading to Boston, Chicago and L.A., We also believe that a retail presence across every channel (online, retail, on-demand, etc.) among others.

New York 172

New York San Francisco New York City Boston 172

PYMNTS

JANUARY 16, 2019

That is, retailers are taking a page out of a playbook set by retailers like the now-closed B. Saks Fifth Avenue is one of the retailers falling into this trend with a new eatery called L’Avenue at Saks in New York City, which is the same locale where Lord & Taylor is closing to make way for a WeWork headquarters.

Chicago 186

Chicago New York City Retail United States 186

PYMNTS

APRIL 27, 2016

In New York City, the tab apparently averages out at around $82,299, while in Chicago the proper celebration of eternal love and fealty runs at about $61,265. Wedding dresses in the past, explained Brittanny Carter, industry analyst at IBISWorld, were sort of a tricky proposition for retailers. And those are just the averages.

Retail 100

Retail social media United States New York City 100

PYMNTS

JULY 12, 2018

Drive Up allows consumers to order products through Target’s mobile app and pick them up outside a Target store, the retailer said in an announcement. The service is available in markets such as Chicago, Indianapolis and Columbus, and with this expansion, Drive Up is available at more than 800 brick-and-mortar locations in 25 states.

Indianapolis 117

Indianapolis Columbus Chicago Retail 117

PYMNTS

MARCH 23, 2018

When Foxtrot ’s Mike LaVitola was studying at the University of Chicago’s Booth School of Business, he witnessed many on-demand mobile apps and business models coming to market. In 2014, Foxtrot launched online, but the company opened its first brick-and-mortar store a year later. The Online Grocery Market.

San Francisco 116

San Francisco Chicago Online Retail 116

PYMNTS

DECEMBER 26, 2020

A decision that according to reports might be a little bit tougher in 2020, when the experts are expecting a return tsunami and retailers are setting up for what will be a bit of a scramble. Retailers prefer shoppers return items in stores rather than ship them back because they can get items back on shelves more quickly.

Retail 212

Retail Chicago Report Data 212

PYMNTS

JUNE 18, 2018

Becoming an indirect, wholly owned subsidiary of JD Sports , Finish Line has completed its merger with the European retailer. As a result of the merger, Finish Line and JD Sports will create a multi-channel, multi-brand retailer “with expanded global scope,” according to Finish Line in an announcement. “We We call it dynamic retail.

Los Angeles 115

Los Angeles New York City Chicago Retail 115

PYMNTS

OCTOBER 9, 2018

The changing nature of retail has been challenging for pharmacies. Sales of things like personal care products, cosmetics and various other household goods have been slipping, as consumers are increasingly stocking up online or at alternative retail venues like dollar stores for those types of items. in early 2019.

Los Angeles 158

Los Angeles Chicago New York City Minneapolis 158