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Why A Chicago Startup Is Tying Its Future To Physical Retail

PYMNTS

Brick-and-mortar retail oftentimes gets a bad rap in 2018. Last year saw store closures spike 200 percent to 7,000 — the worst retail bloodletting since the dark days of the 2008 recession. The widely shared consensus is that this could all get quite a bit worse for physical retail before it gets better.

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Canada’s Aritzia Opening Second Chicago Location

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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. This is one of many recent moves by the vertically integrated retailer, which reported that its same-store sales increased 11.5

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Amazon Opening Up Physical Store In Chicago

PYMNTS

Amazon is dominating in the eCommerce world, but that doesn’t mean it doesn’t see value in physical store fronts, with the eCommerce retailer gearing up to open up an offline store in Chicago’s Lakeview neighborhood. This isn’t the first time Amazon has melded the online and offline worlds.

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Cooler Screens Brings New Look To Retail Innovation

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But for Chicago-based Cooler Screens , all those clear refrigerator doors are a potential goldmine. “We We are essentially taking glass doors that were probably underutilized and not asking the retailer for any additional physical space.”. sales lift is not a common thing.”. Coming Soon To Stores Near You. The Right Side Of Privacy.

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Target Opening Additional Small Stores In NYC And Chicago

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Target has announced it is opening additional small-scale stores in New York City (NYC) and Chicago. In 2016, the company announced it had opened 23 “flex-format” stores — smaller stores less than 50,000 square feet designed for urban shoppers — in metro areas like Chicago, Philadelphia and Berkeley, California. ”

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Half Of Chicagoans To Shop Online This Holiday

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More than 50 percent of Chicagoans will do the majority of their holiday shopping online this year, according to a survey from Accenture. The proportion of shoppers who said they plan to shop primarily at brick-and-mortar retailers stands at 35 percent. 1 as the beginning of the holiday season , and it’s going all the way through Dec.

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Digital Approaches To Retail And Disbursements

PYMNTS

In merchant innovation, consumers are increasingly beginning their shopping trips online , and a growing number are deciding to finish their journeys there. Data: $80M : Amount of the recent capital infusion for Chicago-based Cooler Screens. All this, Today in Data. 5.4% : Portion of U.S. households counted as unbanked in 2019.

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