PYMNTS

OCTOBER 5, 2016

But since that high-profile purchase, Trunk Club has yet to turn a profit for its new parent (it is the one unit of Nordsrom that has not), according to reports in Chicago Business Journal , and apparently, its tolerance for the service as a loss leader has run out. But the retailer has also shown strength.

Operations 164

Operations Chicago Retail Online 164

PYMNTS

FEBRUARY 7, 2020

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

Retail Dallas Massachusetts Technology 143

PYMNTS

DECEMBER 12, 2018

Since then, the eCommerce retailer has brought the store to other locations in the city and Chicago as well as one location on the way in Lower Manhattan. That’s the concept behind companies like DeepMagic , which provide a platform for retailers to offer their customers grab-and-go transactions through kiosks. The Market.

Retail 116

Retail Mobile Seattle Chicago 116

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

OCTOBER 20, 2020

Physical grocery stores are opening despite COVID-19, with Amazon , Whole Foods and ALDI making plans to cut the ribbon on new brick-and-mortar sites in Chicago and other cities. Amazon Fresh, a new physical retail concept from Amazon, is setting up shop in four locations in the Chicago market, the Chicago Tribune reported.

Los Angeles 141

Los Angeles Phoenix Chicago Long Beach 141

PYMNTS

DECEMBER 14, 2018

Retailers are bringing experiential stores to big cities, and Starbucks is no exception: The coffee chain was set to open its Starbucks Reserve Roastery New York City on Friday (Dec. According to AM New York , it has “the largest fully operational coffee roasting plant in Manhattan.” million pounds of coffee annually.

Retail 161

Retail New York San Francisco Chicago 161

PYMNTS

JUNE 21, 2019

Part of the future of retail is playing out inside hotels — and that’s happening as the wider part of the travel-and-tourism industry is undergoing its own significant disruption. One of the latest — and perhaps wildest — examples of the hotel-retail trend comes from Taco Bell, of all places. Unattended Retail.

Retail 116

Retail Innovation Los Angeles Indianapolis 116

Bank Innovation

APRIL 23, 2019

The bank also wants to expand its physical retail branch footprint, according to its president and CEO, Greg Carmichael. billion acquisition of Chicago-based MB Financial Inc., For Fifth Third Bank, customer service is not just about digital transformation. As a result of the bank's $4.7

Customer Experience 186

Customer Experience Chicago Retail Operations 186

PYMNTS

DECEMBER 26, 2019

This year, apps aimed to make it easier and more convenient for consumers to order their favorite foods and sundries, with restaurants and other retailers tapping into delivery. To help bring these options to more consumers, retailers and technology companies decided to join forces. and Chicago.

Retail 134

Retail New York City Los Angeles New York 134

PYMNTS

JANUARY 8, 2020

Case in point, Stockwell: a self-service retail venture that got off on a very wrong foot with customers by, among other things, choosing the wrong name. There are now over 1,000 Stockwell machines spread across the San Francisco Bay Area, Los Angeles, Houston and Chicago.

Retail 130

Retail Los Angeles Branding San Francisco 130

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

OCTOBER 23, 2018

To help shoppers check out without waiting in line, grocery retailers are rolling out entire stores centered around cashierless shopping experiences, enabling consumers to purchase fresh food and grocery items with a mobile payments app. The news comes as Amazon also launched an Amazon Go location in Chicago. In the U.S.,

Retail 161

Retail Seattle San Francisco Metro 161

PYMNTS

MARCH 11, 2020

The advance of Amazon’s cashierless technology is not a new story to the retail beat as of 2020. with new openings scheduled for New York, Chicago, Seattle and San Francisco on the agenda for his year. . with new openings scheduled for New York, Chicago, Seattle and San Francisco on the agenda for his year.

Retail 130

Retail San Francisco Technology Data 130

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

Digital Strategies Retail Strategy Los Angeles 104

PYMNTS

OCTOBER 23, 2017

Apple’s vice president of retail, Angela Ahrendts, doesn’t see the Apple stores as simply places to learn and purchase Apple devices. Ahrendts made the comments just as the Cupertino, California technology powerhouse opened a new flagship store in Chicago. With this opening, Apple now operates 497 stores around the world.

Retail 102

Retail Apple Chicago California 102

PYMNTS

DECEMBER 2, 2020

In pursuit of our purpose of creating the future of retail, we have built the foundation of a cross-brand ecosystem to create a simple shopping experience for consumers and to aggregate the scale of our network for our partners’ benefit,” Yagan said in the news release. “The ShopRunner CEO Sam Yagan offered a similar take on the deal. “In

Chicago 285

Chicago Branding Retail Marketing 285

PYMNTS

FEBRUARY 6, 2018

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.

Retail 118

Retail Strategy New York City Los Angeles 118

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. Beyond Madewell, other retailers have collaborated with thredUP.

Retail 101

Retail Kansas City Nashville Kansas 101

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. Not every retailer is experiencing good times, of course.

Retail 100

Retail Los Angeles Milwaukee Chicago 100

PYMNTS

SEPTEMBER 17, 2018

Crate & Barrel , the home decor retailer, is adding a full-service restaurant to its Chicago store. According to a report in the Chicago Tribune citing email comments from Crate & Barrel chief executive Neela Montgomery, the paper reported next year it will open a restaurant at its Oakbrook Center Store.

Chicago 134

Chicago Conference Retail Report 134

PYMNTS

JANUARY 25, 2021

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

Chicago Study Retail Company 291

PYMNTS

AUGUST 30, 2018

Brands might want a space to test new concepts with shoppers in brick-and-mortar retail environments, but they don’t always want the time and expense involved in building out a permanent store. Cosmetic firm Glossier opened a new retail store on Chicago’s West Loop on Aug. Stay tuned.

Branding 143

Branding Los Angeles Innovation Chicago 143

PYMNTS

MARCH 11, 2020

A Newark Airport store will start using Amazon’s Just Walk Out cashierless technology on March 16, just days after the company announced it was licensing the platform to retailers, according to reports on Wednesday (March 11). . OTG operates 350 restaurants and shops in 10 airports, including in Minneapolis, Washington D.C.,

San Francisco 130

San Francisco Minneapolis Philadelphia Seattle 130

PYMNTS

JUNE 9, 2020

Consumers whose wallets are bulging with gift cards issued by now-bankrupt retailers should think about spending them now — since they may become worthless. In fact, it’s the bankrupt retailers that may pocket the millions of dollars in unused prepaid gift cards. The list of retailers filing for bankruptcy continues to grow.

Cards 131

Cards Retail Groups Chicago 131

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.

Chicago 130

Chicago Washington Retail Dallas 130

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.

Chicago 130

Chicago Washington Retail Dallas 130

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. Amazon Fresh, a new physical retail concept from Amazon, is setting up shop in four locations in the Chicago market, the Chicago Tribune reported.

Arizona 170

Arizona Chicago Georgia Phoenix 170

PYMNTS

JUNE 28, 2019

The drop boxes will be at three Nordstrom locations, with one that will also be brought to the retailer’s full-line store at The Grove, CNBC reported. Rent The Runway Chief Operating Officer Maureen Sullivan said, according to the report, “Our philosophy is we are only going to do things that are convenient.” and Los Angeles.

Los Angeles 109

Los Angeles San Francisco Chicago Washington 109

PYMNTS

DECEMBER 5, 2018

and Walgreens announced Tuesday (December 4) that the two are expanding a pilot announced in October to introduce Kroger Express and Home Chef retail meal kits. The first concept is operational in Florence, Kentucky, with the remaining 12 pilot stores up and running early next year. The Kroger Co.

Kentucky 116

Kentucky Chicago Branding Customer Experience 116

PYMNTS

MAY 21, 2018

Once the deal is complete, the merged company will have a Chicago deposit market share of 6.5 percent, ranking in fourth place in total deposits and second in retail deposits among the close to 200 banks in the region. In addition to its strategic importance, this merger is expected to drive significant financial benefits.

Chicago 100

Chicago Regional Marketing Company 100

PYMNTS

APRIL 10, 2019

Cashless retail, to a point, and then cashless and cash, too. Steve Kessel, who as a senior vice president helms the physical store operations for Amazon, reportedly said last month that the expansion of payment options would take place at the stores, but no timeline was available as of this writing.

New Jersey 144

New Jersey Philadelphia United States Chicago 144

PYMNTS

OCTOBER 3, 2019

Some geographies are coping with the upheaval in retail better than others, as vacancies in U.S. However, the retail vacancy rate was under 7 percent in 17 cities, with San Francisco taking the lead at 4.1 Vacancy rates also improved during the past year in 43 cities, including Seattle, Las Vegas and Chicago.

San Francisco 111

San Francisco Las Vegas Albuquerque Memphis 111

PYMNTS

MARCH 27, 2018

“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

Chicago Retail Operations Capital 122

PYMNTS

JUNE 26, 2018

Grocery delivery for Prime members is taking its next great leap forward as Amazon and Whole Foods have announced that Prime Now Grocery is expanding to Chicago, Houston, Indianapolis, Minneapolis and San Antonio. Consumers in Chicago, Houston, Minneapolis and San Antonio will also be able to choose from a selection of alcoholic beverages.

San Antonio 113

San Antonio Indianapolis Houston Minneapolis 113

PYMNTS

MARCH 15, 2019

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

Mobile Indianapolis North Carolina Minneapolis 168

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

OCTOBER 22, 2018

Reports that Sears was halting its payment to suppliers ahead of its anticipated bankruptcy may be just the beginning of vendor trouble for the retailer. The Chicago Sun Times said on Friday (Oct. 19) that one of Sears Holdings’ vendors is suing the company, claiming nearly $840,000 in unpaid invoices.

Chicago 119

Chicago Retail Report Payments 119