HSBC’s Banking Robot Debuts In Miami

PYMNTS

HSBC Bank USA, a unit of HSBC Group, announced Thursday (May 30) the launch of Pepper, the humanoid robot it developed with SoftBank Robotics America, in Miami. In a press release , HSBC said Pepper is being deployed in a retail branch in Miami, marking the first time Pepper has been deployed in Florida. Banking banking HSBC Miami News robot What's Hot

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American Dream?Miami Receives Approval From Florida Officials

PYMNTS

million-square-foot American Dream Miami — potentially the most expensive mall ever built — has received approval from officials in a Florida county. million square feet of retail, the new mall may have more space focused on entertainment. American Dream Miami will include 2,000 hotel rooms, along with features such as an ice-climbing wall, an indoor ski slope and a water park that will supposedly come with a “submarine lake.” The 6.2

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Banking Automation Summit registration opens with fresh agenda

Bank Innovation

The premiere industry event will take place June 1-2 at the Conrad Miami. Automation Carousel Retail Banking Banking Automation Summit Miami Royal Media

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Retail Pulse: Rebag Opens Miami Store; Amazon Brings Second Amazon Go To NYC

PYMNTS

Online brands are expanding their brick-and-mortar footprints: Online handbag marketplace Rebag , for instance, is opening a new store in Miami’s Design District with more stores said to come. We are thrilled to expand Rebag’s retail footprint to the Miami community. Miami has a global reach with customers visiting from all over the world. Its retail footprint will encompass standalone locations in addition to “a continued presence” in luxury malls.

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Sainsbury’s Introduces New C-Store Format; SHOWFIELDS To Open In Miami

PYMNTS

Brick-and-mortar retailers are opening smaller-scale locations packed with technology designed to meet the needs of shoppers in cities. The retailer said that “almost 90%” of the selections in the store were chosen to meet the needs of Mansion House customers.

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Amazon To Open Robotics-Based Warehouse

PYMNTS

The retail giant has shared news that it will be opening a robotics-based warehouse in South Florida in 2018. In addition to its Miami-Dade locations, this new warehouse project comprises one of the largest warehouses south of the city of Tampa. Sitting on 97 acres, Amazon’s new robotics-based warehouse will be located next to the Miami-Opa Locka Executive Airport. Amazon continues to make strides in its innovative eCommerce business.

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How Retailers Are Bundling Up With Experiential Concepts

PYMNTS

Instead, Canada Goose went for experiential retail, a strategy that has become more important as consumers want to do things when they buy things. Experiential Retail Expands. And retailers are hearing the same mandate. It’s new Miami location is all about experiencing Miami.

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High Rent Costs Hurting Retailers

PYMNTS

Retailers are feeling the heat from high rent costs. According to a report in The Wall Street Journal , while commercial retail rents are down, rent costs still remain higher than prerecession levels in many prime shopping areas, including Manhattan, Los Angeles and Dallas. The retailer fought the rent increase but lost. Commercial rents in San Francisco are up 53 percent from a decade ago, while in Miami they are 46 percent higher.

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Can 5G Power Retail Drone Deliveries?

PYMNTS

UPS , too, is going down the drone path – one that Amazon pioneered for retail delivery uses – and is seeking a certification to operate commercial drone flights. Verizon’s 5G stadiums include those of the Seattle Seahawks, Denver Broncos, Detroit Lions, New England Patriots, Miami Dolphins, Indianapolis Colts, Carolina Panthers, New York Giants and Jets, Baltimore Ravens, Houston Texans and Minnesota Vikings.

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Retail’s Small Business Crisis

PYMNTS

have a retail crisis — or a small business crisis? Which is why “fixing” retail must include giving SMB merchants the tools they need to compete in the very dynamic environment that now defines Retail U.S.A. So, what does this all have to do with retail? Department stores, sporting goods stores, specialty retail, jewelry, books and music — the list goes on and the shift online more dramatic by the year. There weren’t easy ways to innovate retail business models.

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Post-Toys R Us, Retailers Vie For Experiential Toy Shoppers

PYMNTS

Retailers are doubling down on toys amid a gap in the market left by the bankruptcy of Toys R Us. toy retailer Hamleys , for instance, is eyeing a potential New York City location for a flagship store. A source close to the matter told CNBC that the retailer is nearing a deal for a space at 2 Herald Square that would encompass approximately 30,000 square feet. Retailers Step up Toy Selection.

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Retail Pulse: Luxury Beauty Brands Revamp Stores; Glossier Opens Temporary Shops

PYMNTS

And groups such as LVMH are also investing in retail ventures. From acquisitions to new or revamped brick-and-mortar stores, beauty, as well as cosmetic brands, are taking steps to evolve their retail operations. Retail data firm Springboard noted that footfall was 3.3

Ouai Prepares For Ulta Beauty Store Rollout; Reliance Industries Launches Retail Service

PYMNTS

Ouai , a hair and body care brand founded by celebrity hairstylist Jen Atkin, will roll out some of its merchandise in 1,200 Ulta Beauty locations in addition to the retailer’s website on Sunday (Jan. Reliance has a sizable retail presence, with its core business centered on oil refining.

Retailers Rethink Store Concepts, Digital Strategies Amid New Realities

PYMNTS

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. This week, the retailer named Edmond Mesrobian, the former chief technology officer at the British grocery chain Tesco, as its new CTO.

Pop-Up Retail Gets A Pop Of Fresh Energy

PYMNTS

But we want to take a few minutes to talk about pop-up shops, and how those temporary but often lucrative retail efforts are shaping commerce — and being shaped by payments — and what could be coming next. As PYMNTS readers likely know, Abercrombie & Fitch has been going through some store troubles lately, challenges not unknown other retailers in this age of rising eCommerce — in March, news emerged that the brand would close up to 40 stores by next February.

The Rise Of Logistics, eCommerce Tech And Consumer Spending

PYMNTS

The Home Depot is growing its distribution hub footprint in Florida, with new facilities in Fort Myers, West Palm Beach and Miami. 332K : Square footage of The Home Depot’s new Miami distribution hub.

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Cuentas wants to turn convenience stores into financial centers

Bank Innovation

Cuentas, a Miami-based prepaid debit card company targeting Spanish-speaking populations, wants to turn convenience stores into financial hubs through Cuentas-branded debit cards and accounts. Carousel Customer Experience Payments Retail Banking 7-Eleven Chime Cuentas Green Dot MoneyGram Ria Varo walmart

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2018 Recap: The Year That Retailers Evolved With Their Mobile Apps

PYMNTS

It has been a busy year in the world of mobile commerce, particularly with retail apps. Below, PYMNTS rounds up the top trends of the year and sheds light on how retailers are tapping into mobile apps to make the shopping experience more convenient and less time consuming for shoppers. Amazon, however, isn’t the only retailer that deployed similar technology this year. Retail Amazon Dunkin general motors mobile apps News P97 sam's club Shell starbucks walmart

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Retail Pulse: Kohl’s To Curate Brands With Facebook; Domino’s Rolls Out eBike Tie-Up

PYMNTS

Brick-and-mortar retailers are teaming up with social media platforms to curate labels for their stores and their websites. Kohl’s , for instance, will bring emerging brands to over 50 physical retail locations and online starting in the fall through Curated By Kohl’s. The retailer also plans to team with Facebook on brand curation starting next year — “identifying and engaging with brands that have built a strong online community on the social media platform.”.

Retail Pulse: Rent The Runway Opens San Francisco Store; Crate & Barrel Plans Restaurant

PYMNTS

To break into the brick-and-mortar world, some digitally native retailers have opened shops inside department stores. At the same time, that business now accounts for half of the retailer’s revenue. However, as in a traditional retail store, staff called “in-store stylists” are on hand to give recommendations tailored to each customer. Crate & Barrel , the home decor retailer, is reportedly adding a full-service restaurant to its Chicago store.

Durant’s Decision: How Star Athlete Departures Impact Brands, Retailers

PYMNTS

When a massive sports superstar like Kevin Durant or LeBron James elects to depart one team for another in the greener pastures of free agency, such a move can send shockwaves not just through those teams or that sport but also through a string of brands and retailers who have aligned themselves with that star and their particular image over the years. It remains to be seen if Durant’s decision will impact him and his brand as negatively as James’ move to Miami did at the time.

Kanye West: Retail Visionary And Mobile Payments Leader?

PYMNTS

As we reported, just prior to his MTV appearance, Kanye retail was suddenly everywhere — through a giant simultaneous launch of pop-up stores. He might just possibly be giving the world a preview of the future of retail and payments. Dallas and Houston tied for second with 14 percent contactless use, while Miami clocked in at 8 percent. Retail just for fun KanyeThere is likely no one on Earth more convinced of Kanye West’s status as a visionary than Kanye West.

Starbucks ventures into delivery again with test of UberEats

Payments Source

After an attempt to test the service with Postmates years ago, the coffee company is now teaming up with UberEats to test delivery in more than 100 locations in the Miami area. Retailers Starbucks Uber

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8.20.19 Your morning briefing

Payments Source

Today: How China's central bank currency could harm Alipay and WeChat Pay; Miami transit turns contactless; PayPal gets deeper into retail; Metal Pay draws investment. The information you need to start your day, from PaymentsSource and around the Web. Briefing

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Retail Pulse: Shopify, Warby Parker Open The Doors On Digital-First

PYMNTS

The company told Forbes that its goal is to provide a physical location where those small businesses can sit down across the table from experts who can help them navigate the turbulent retail waters ahead. As for Warby Parker, the digital-first eyeglasses retailer, its new store in Ann Arbor , Michigan won’t be its first rodeo: The company has two other brick-and-mortar stores in Michigan and has opened one other new shop in metro Detroit this year.

PNB, Nymbus launch digital bank Facile 

BankInovation

Miami-based Pacific National Bank is using a stand-alone digital brand called Facile to reach younger customers and position itself for long-term success. “It’s

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Burger King To Give Some Venmo Users $1 To Promote New Dollar Menu

PYMNTS

Burger King's use of marketing efforts that capitalize on a keen sense of social media has won the Miami-based company kudos. Retail Burger King mobile News QSRs Venmo What's Hot

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Retail Bedfellows Roundup: Walmart Feeds On The Go, Starbucks Sips Tea With AB InBev

PYMNTS

Randy Newman probably doesn’t get a lot of play in boardrooms around the retail sector, but that doesn’t mean that companies haven’t taken the message behind his hit “You’ve Got A Friend In Me” to heart. Check out what some of the biggest retailers got up to last week in today’s Retail Bedfellows Roundup. The mega-retailer announced June 3 that it has finalized a partnership to deliver groceries straight to consumers’ homes.

Instacart Debuts 30-Minute Priority Delivery For Groceries

PYMNTS

cities — including Chicago, Los Angeles, Miami, San Diego, San Francisco and Seattle — will have access to 30-minute delivery from more than 300 store locations and dozens of grocery and specialty shop brands. Delivery delivery gig economy grocery Instacart News Retail What's Hot

Luxury Pops Up For The Summer

PYMNTS

Pop-up shops are nothing new in retail — the last several years have seen several as online brands sought to put a toe into physical retail without a long-term lease commitment. Retail apparel brick and mortar Luxury News

The Home Depot’s Comp Sales Surge Amid Rise In Home Improvement Projects

PYMNTS

The home improvement retailer posted $37.5 Home Depot ran nearly 2,300 retail stores in every state, Puerto Rico, the District of Columbia, Guam, the U.S. Retail Earnings home improvement News Revenue The Home Depot What's Hot

US Offices Only At 50 Pct Capacity In August

PYMNTS

Meanwhile, Miami had 84 percent of employees coming into retail stores even at the pandemic's highest point. Most office buildings are still dark in the U.S., six months and counting since the pandemic started, The Wall Street Journal (WSJ) reports.

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New RadioShack Owner Looks To Turn 'Fallen Angels' Into eCommerce Stars

PYMNTS

When Miami-based Retail e-Commerce Ventures (REV) recently announced that it purchased the remains of twice-bankrupt RadioShack , it wasn’t some one-off strategy to acquire distressed assets for pennies on the dollar. Snapping up Fallen Retail Brands.

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Amazon Ramps Up Robotics Efforts

PYMNTS

In addition to its Miami-Dade location, this new warehouse project comprises one of the largest warehouses south of the city of Tampa. Sitting on 97 acres, Amazon’s new robotics-based warehouse will be located next to the Miami-Opa Locka Executive Airport. Shevaun Brown, Amazon’s communications manager, commented on this potential delivery option to The Miami Herald. “We Amazon Innovations Amazon Innovation Jeff Bezos News Retail robotics What's Hot

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New US Businesses Up 12 Pct, Highest Since 2007

PYMNTS

Other examples cited included Miami, Fla.-based SMBs Coronavirus economy News Retail What's HotNew businesses are being started at a faster rate during the COVID-19 pandemic than they have been in years, a Wall Street Journal (WSJ) report says.