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Postmates Raises $300M In Venture Funding; Gives Tiger Global Management Seat On Board

PYMNTS

In a press release , Postmates said the funding round was led by Tiger Global Management, and comes on the back of a record year of growth, market expansion and adoption of a subscription service. The model has grown by 300 percent year over year, with one in two orders on the platform placed via Unlimited, across multiple markets.

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Reseller Market Maintains Momentum With Nordstrom’s Entry

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While “reselling” or “secondary market” are more likely to keep ownership of this burgeoning market, the reselling market is reinventing itself for 2020. It also manages resale programs for Arc’teryx, Eileen Fisher, Patagonia, REI and Taylor Stitch. Nordstrom joins other department stores in the resell market.

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Retail Chains Find New Ways To Fight

PYMNTS

It’s a good time to be a retail chain. Retail Ascent. Retail is on the ascent. In July, retail sales increased 0.5 Economists had only forecasted retail sales going up 0.1 percent, online and mail-order retail sales increased 0.8 Retailer Woes. Not every retailer is experiencing good times, of course.

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The Global Connected Retail Market May Top $82B By 2025

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Retail is undergoing a reinvention with the rise of eCommerce, and merchants are trying new approaches to their brick-and-mortar stores. Overall, retailers such as Nordstrom are changing their models as an increasing amount of retail spend is now being completed away from physical retail stores. Retail spending saw a 1.6

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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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Cashless Amazon Go Stores Are Coming To The UK

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and has secured retail space in London to do so, according to reports. Bernstein analyst Bruno Monteyne told Reuters that the stores would fit with the country’s convenience food market, as they would cater to people who work in in the area and are looking for “on the go food,” including kits to make meals and other standard grocery items.

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Grocery Roundup: New Amazon Fresh Store, SpartanNash Puts Incentives In ‘Fast Lane,' Walmart On Autonomous Delivery

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The new store in Woodland Park will take the place of a closed Fairway Market in a shopping center that also has a GameStop, Barnes & Noble and Kohl’s department store. Amazon bought Fairway Market stores in Woodland Park and Paramus, but it has not made plans known for location in the latter municipality.