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Retailers Rethink Store Concepts, Digital Strategies Amid New Realities

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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.

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FinTechs Prove Their Value During Pandemic

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He cited American Express’s acquisition three months ago of online lender Kabbage as an example. Innovation Vs. Incumbency. Innovation is a distraction and costs money, so they let the startups figure it out on somebody else’s dime. “Credit is phenomenal — it’s a lifeline when you don’t have [money],” he said.

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QSRs Battle For US Sales With Online Delivery And Payments

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And with its scale in mobile payments and loyalty members, the company is well-positioned for other innovative initiatives. Already, a cashless store concept is already up and running in a Seattle pilot. The Starbucks loyalty program also grew by 11 percent in 2017 and now represents 14.2 million active members. Subway’s $10.8

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