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Whole Foods 365 Expands To Los Angeles

PYMNTS

Whole Foods has expanded its 365 concept to Los Angeles with a new opening in the Silver Lake neighborhood. The store focuses on serving millennial customers who value convenience, are mindful of price and tend to keep away from products containing artificial preservatives and colors.

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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Gentle Monster Background Founded in 2011 by Kim, Gentle Monster initially struggled to break through against large brands like Luxottica which controls an estimated 30% of the US market, and is behind almost every single designer eyeglass brand you can think of, including Ray-Ban, Oakley, Armani, Ralph Lauren, Chanel, Prada and many more.

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Canadian D2C Seller Brings Unique Business Model To Furniture Market

PYMNTS

That competition has also extended to high-end furniture market, which is starting to show some new activity with Crate & Barrell, CB2, West Elm and now a direct-to-consumer (D2C) Canadian brand called Article gaining momentum. The program improves the customer experience while reducing average delivery times by as much as two days.

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Hertz Partners With Shift Technologies

PYMNTS

George Arison, founder and CEO of Shift Technologies, was quoted as saying: “The intent of the partnership is to combine Hertz’s cars with our customer experience to give customers an opportunity to buy these cars directly. Additionally, Hertz could certainly use an additional sales channel.

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Nordstrom Shares Fall Following Earnings Due To One-Time Charge

PYMNTS

Nordstrom noted the Rack stores open to date are performing ahead of expectations, and the company forecasts that more synergies will take place because of its off-price and full-price presence in the market. In the United States, the retailer stepped into the Manhattan market by opening its men’s store in the borough.

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Report: Digital ID’s Role In Boosting Trust In The Sharing Economy

PYMNTS

Identity verification solutions are becoming popular in a range of industries to provide a more secure customer experience, including the car rental market.

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Wall Street Woes Take The Retailer’s Eye Off The Customer

PYMNTS

The second is the stock market – which, for retailers, has become completely untethered from reality. While the unemployment rate has settled around 10 percent and big retailers are declaring bankruptcy with disturbing frequency, the stock market is where most people would like to be right now: back on New Year’s Day, 2020.