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Digital-First Economy Redefines Retail And Consumer Behavior

PYMNTS

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. They and others have succeeded because they entered the market independent of traditional retail, and because their business model fit the needs of the pandemic.

Retail 295
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Retail Malls Look For New Innovations, Commerce And Otherwise

PYMNTS

What to do with retail malls? That is among the latest trends as retail reinvents itself, and technology and other trends force new uses for old commerce spaces. Malls are not exactly the hotspots of coolness and retail activity they once were. retailers so far this year than in all of 2018. New Investment.

Retail 108
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Behind The Drive To Bring Better Consumer Experiences To Physical Retail

PYMNTS

Providing a top consumer experience is becoming more important and is a rising trend in retail, and that will almost certainly increase in the 2020s. The upscale apparel brand, according to a recent report , is opening an “experiential store” in the Mall of America in Minneapolis on Wednesday (Nov. Physical Retail Efforts.

Retail 109
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Airport Shop To Add Amazon’s Just Walk Out Tech At Newark, LaGuardia

PYMNTS

A Newark Airport store will start using Amazon’s Just Walk Out cashierless technology on March 16, just days after the company announced it was licensing the platform to retailers, according to reports on Wednesday (March 11). . OTG operates 350 restaurants and shops in 10 airports, including in Minneapolis, Washington D.C.,

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60% of U.S. Bank Transactions Are Digital, COO Says

Bank Innovation

But that doesn’t mean the Minneapolis-based bank is giving up on branches. Bank’s transactions are now 60% digital, Chief Operating Officer Andrew Cecere said at the Goldman Sachs U.S. Financial Services Conference this week. It has around 3,000 branches and 80% of its sales activity still takes place there Read More.

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Amazon’s Great Infrastructure Expansion Rolls On — Now With A New Logistics IT Center

PYMNTS

The logistics IT center is slated for downtown Minneapolis and will reportedly create 100 new technology focused full-time positions. Amazon is always looking for the best and brightest software engineers to join our team,” said Dave Glick, VP of operations technology for Amazon.

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Grab Drivers Can Turn Cars Into Mini Convenience Stores

PYMNTS

Grab is ramping up innovation in-house to scale faster as the leading O2O mobile platform in Southeast Asia. We’re always open to partnerships where it makes sense for our business, and will look to partner or invest in the right company that enables Grab to expand our business quickly, explore new technologies and build new capabilities.”.