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Powering Retail Innovation With Digital Technology

PYMNTS

Direct-to-consumer (DTC) medical device company Lumen seeks to have Americans look to metabolism as an important factor in weight loss and nutrition. The company brought its app and device to market just two weeks ago. And in tech, the future of retail may include mobile scanning. All this, Today in Data.

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Retail Innovation Has Changed — Can SMBs Keep Up?

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The ascent of eCommerce and the digital tools that support it have made it easier — in both theory and practice — for retailers to not only see how consumers browse and what they buy (to analyze the entire path to purchase), but to get to know them in the same ways as those old-time general store operators who served small towns.

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How A Retail Incubator Could Produce The Next Big Innovation

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The myth of the lone (and possibly mad) scientist died out a long time ago, as the industrial age led to teams of researchers working together (or at healthy cross purposes) to enable innovation. That experience is one that is hard to gain as a vendor with new and exciting retail technology in the market.”. That’s the tech part.

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Why Health And Beauty Retailers Are Driving Digital Innovation

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Amid great technological change, health and beauty retailers are developing strategies to drive innovation. In some cases, retailers are using social media tools such as Instagram to post promotions and product tutorials — or interact openly with consumers about their offerings. About the same share — or 60.9

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Retailers Eye Industry-Shaking Innovation With Accelerators

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Retailers are turning to accelerators to drive innovation, and Target is taking its program to the international stage: It is teaming up with Germany’s wholesale and food specialist METRO AG for its cohort this year. The program, which is in its fourth year, is open to startups from the U.S. as well as other countries.

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Pet Retail And CBD Combine Innovative Forces

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Retail trends and innovation can come from unlikely places, and that seems to be the case now when it comes to pets and CBD, two hot areas of commerce that are intersecting. According to a Brightfield Group study cited by the Bloomberg report, “the CBD market could be worth almost $24 billion in the U.S.

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QSRs Provide Fresh Look At Retail Innovation Trends

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For a glimpse at how innovation is playing out in the retail world, it always helps to take a look at recent developments in the world of quick-service restaurants, or QSRs. Digital technology and delivery helped to fuel that growth, according to company officials on the post-earnings conference call with analysts and investors.