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

PYMNTS

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.

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Why Pets Are Pulling Retail Innovation’s Leash

PYMNTS

Pet retail is having a moment, with innovation and other efforts helping merchants better reach owners of dogs, cats and other household animals. Pawscout, as it turns out, just launched its $20 pet tags in Walmart — and is selling the product via other retailers, Chavez told PYMNTS. physical retail landscape.

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Wardrobe Expands Fashion Rental Concept With New Acquisition

PYMNTS

After launching one of the more innovative business models in the digital-first space, fashion rental platform Wardrobe is expanding. With its recent purchase of Dallas-based Rent My Wardrobe, it is gaining a geographic footprint in the southern U.S. and expanding its presence in what its founder calls the “peer-to-peer” fashion space.

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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Mostly, this means getting innovative with deposit and payment products. Despite a 30% increase in expected losses in markets like Dallas, Atlanta, D.C., Sectors like office, retail, and hospitality, are even worse. Develop a more innovative process. Bank product innovation should be measured in weeks, not months.

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Target Experiments With New Loyalty Program

PYMNTS

As growth of Target -branded payment cards has slowed, the retailer is beginning to experiment with a new rewards program: Dubbed “Target Red,” the new program will not be linked to a debit or credit card , The Star Tribune reported. “We We know not everyone wants another credit card,” Joshua Thomas, a Target spokesman, told the newspaper. “So,

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Sam?s Club Takes On Convenience In Age of Amazon

PYMNTS

The new brick-and-mortar location will come chock-full of new retail innovations, but the store won’t carry a plethora of items. This will be smaller than a typical club — which is perfect for testing innovations in a live shopping environment,” Iannone said. Shipping And Delivery. Click-And-Collect And Mobile Apps.

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Fat Lama And The Airbnb of ‘Stuff’

PYMNTS

Like so many of the innovators we talk to, the team at Fat Lama came by their signature innovation the day they ran smack into a big problem that seemed like it should have been much easier to solve than it was. But, Englander said, in a giant, international and often pretty anonymous city, the macro goals around community are key. “If