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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. They will also visit the headquarters of Target in Minnesota and METRO’s Accelerator headquarters in Berlin.

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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.”.

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Grocers’ In-Store Innovations For Boosting Consumer Spend

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To capture this spending, grocers are driving innovation through their brick-and-mortar stores with delivery and pickup efforts (among other initiatives). The retailer has been making inroads with grocery delivery, having announced in September that it is now offering the service in 50 metropolitan areas across the country.

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Why Rural Shoppers Need Digital Innovation Too

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Mostly because that is where innovations tend to get their start — ridesharing, delivery on demand, one-day shipping, buy-online pick up in-store, experimental experiential retail locations, pop-up shops and the list goes on (and on). But what every big digital upgrade of the last decade or so has in common is an urban home base.

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Grocers Consider Checkout Line-Free Future With Unattended Retail

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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 projected value of the global self-service market by 2023 is $13 billion.

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Building The Tire Shop Of The Future With On-Demand Service

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And it is not necessarily just a tire retailer – Komal said it is more of a logistics company that also happens to sell and install tires. There are also a lot of busy working professionals and big corporate headquarters in both of those metro areas. and avoid the trek to a garage.

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Stepping Into High-Fashion P2P Innovation, On-Rental

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Instead, he decided to create his own, believing there was a better way to do luxury goods secondhand than what was already on offer in the market. million seed round, as the latest entrant hoping to capture the secondhand luxury market. metros in 2020 and beyond, though no specific plans have been announced yet.