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Luxury Retail Finds New Avenues As Brick-And-Mortar Fades

PYMNTS

Luxury retail is being revised — and in some cases, reinvented — and those trends are worth attention as the 2019 holiday shopping season approaches. Not only that, but the luxury online consignment retailer opened a brick-and-mortar store on New York City’s famed Madison Avenue. Indeed, in its recent U.S. has notched $300 million.

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If Cash Won’t Die, Why Not Manage It Better Digitally?

PYMNTS

However, even as the use of cash declines, there is mounting evidence that it’s not going anywhere, whether it be the ongoing political backlash to the concept of a cashless retail economy or merely the realization among many consumers that using cash instead of credit cards is a better way to keep from sinking into debt. Night Deposits.

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Mobile Health Benefit Platform Accolade Seeks IPO, Has $620M Valuation

PYMNTS

Health tech startup Accolade , with headquarters in Seattle and Philadelphia, filed with the Security and Exchange Commission (SEC) to raise $100 million for an initial public offering (IPO) on Friday (Feb. Lead book-running managers for the IPO included Goldman Sachs, Morgan Stanley and BofA Securities. 28), according to reports. .

Mobile 165
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Reinventing Retail’s ‘Anchor Store’ For The Omnicommerce Age

PYMNTS

That Amazon is a widely lionized yet simultaneously imitated force in retail is not surprising. Ever since Amazon introduced a one-click checkout, a loyalty program that people willingly paid for, two-day shipping that has compressed to same-day delivery, attempts at reinventing retail by everyone in it have been never ending.

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NJ Lawmakers: Brick-And-Mortars Must Accept Cash

PYMNTS

According to Chain Store Age , the legislation requiring all brick-and-mortar retailers to accept cash was unanimously approved by the N.J. The bill, which is set to go before the full state Senate, excludes retailers inside airports from the cash requirement, as well as sales made online and by telephone or mail.

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Chase Plans Expansion In Top US Markets In 2019

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Chase has announced it is expanding its retail footprint into nine of the top American markets, as well as opening dozens of new locations in the greater Washington, D.C area, Philadelphia and Boston. Chase plans to open 90 new branches and hire 700 employees by the end of 2018.

St. Louis 145
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Philly Consortium Advances ‘Regenerator’ Concept For SMBs

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The data painted a dark picture for Main Street retail this week, with a new Facebook & Small Business Roundtable study showing that over 30 percent of small to medium-sized businesses have either failed or don’t see a way forward due to the pandemic. It’s called Main Street Regenerators.

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