AiFi adds frictionless checkout to University of San Diego convenience store
Payments Dive
AUGUST 28, 2023
Fast-paced campus life is turning schools into an attractive market for autonomous retailers.
Retail Rents Falling From Manhattan To Los Angeles
PYMNTS
JANUARY 11, 2021
retail rents falling in many locales by percentages even greater than those seen in or after the 2007-08 Great Recession. These decreases are historic,” the Real Estate Board of New York wrote in a new report showing that average Manhattan retail asking rents fell in all of the island’s 17 retail corridors during autumn.
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Virtual Reality Gains Traction In Retail
PYMNTS
SEPTEMBER 11, 2019
Virtual reality could have more retailers reach more consumers in the coming few years — in large part by upping the consumer experience. Four temporary pop-ups have opened and are opening in New York, San Diego, San Francisco and in the Las Angeles suburb Santa Anita, CNBC reports. and Europe by 2022. Amazon VR Push.
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N26 takes ‘pure-play’ approach to US market with checking account, debit card
Bank Innovation
JULY 11, 2019
German challenger bank N26 has partnered with San Diego-based Axos Bank to offer an FDIC-insured checking account and Visa debit card for U.S. The products, announced on Thursday, are now available to about 100,000 customers who were on the waitlist for the U.S. version of the app. The company said customers can sign up […].
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Amazon Takes Territory In US And Beyond
PYMNTS
SEPTEMBER 15, 2017
Township leaders are ecstatic, yet some fear the company could kill more jobs than it creates because of its threat to the retail sector. The distribution centers are supposed to reduce delivery time on packages, which undercuts one of the last remaining advantages of brick-and-mortar retail: instant gratification.
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Can 5G Power Retail Drone Deliveries?
PYMNTS
SEPTEMBER 11, 2019
The company finished the first stage of testing in conjunction with McDonald’s at San Diego State University. 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. The company applied to the U.S.
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Petco’s $864 Million IPO Beats Forecasts
PYMNTS
JANUARY 14, 2021
The San Diego-based pet care chain is pricing its 48 million shares of Class A common stock at $18 each, beating forecasts. They bought the company from TPG and Leonard Green, who took the then-public pet retailer private 15 years ago. . 14), Bloomberg reported. . Morgan Stanley, Goldman Sachs and Barclays are the underwriters.
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LendingPoint Unveils Retail Financing Platform
PYMNTS
MARCH 7, 2018
To help merchants and other service providers convert more consumers at the point of sale, LendingPoint has unveiled LendingPoint Merchant Solutions, a platform that will provide fully integrated one-stop retail financing, the company said in an announcement.
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GPS Order Tracking Helps Fuel New Retail Innovation
PYMNTS
DECEMBER 10, 2019
The world of quick service restaurants (QSRs) is where it’s at when it comes to so much retail innovation these days. The feature was tested in San Diego, Phoenix, Dallas and Austin, and was made available across the country on Oct. Domino’s stores across the U.S.
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Listen: Automation, data management key focus at auto lending conference
BankInovation
MAY 4, 2022
Automation, data management and compliance strategies were a focus of discussion last week at the Auto Finance Innovation and Auto Finance Risk Summits in San Diego. Chase Auto, Wells Fargo Auto and Mazda Financial Services plan to expand their automation efforts through new upgrades and investments.
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Decisioning data crucial for Chase risk management strategies
BankInovation
MAY 2, 2022
SAN DIEGO — Data and analytics go hand in hand with risk management in today’s digitally-driven auto finance market, making it crucial for auto lenders to rely on the right data for their decisioning, Chase Auto Chief Risk Officer Ajit Nalla, said Tuesday during a fireside chat at the Auto Finance Risk Summit.
Report: Amazon Slows Alexa Staff Hiring To Improve Margin
PYMNTS
AUGUST 20, 2020
A representative for the eCommerce retailer said in a statement cited by the outlet that it “did not implement a hiring freeze, and the pace for hiring across Alexa and our Devices organization continues to be very strong. And, in other Amazon news, the retailer is continuing its strong clamp-down on counterfeit items.
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Amazon Seeks 100K Workers For Operations Roles
PYMNTS
SEPTEMBER 14, 2020
The positions offer a beginning hourly wage of at least $15 per hour, and the eCommerce retailer is providing sign-on bonuses of as much as $1,000 to new hires in some cities, according to the announcement. The six targeted cities – Detroit, Dallas, New York, Denver, San Diego and Phoenix – were to be part of an investment of over $1.4
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PriceSmart Net Merchandise Sales Rise 7.7 Pct
PYMNTS
JANUARY 8, 2021
Warehouse club retailer PriceSmart, Inc. San Diego-based PriceSmart owns and runs membership shopping warehouse clubs in the Caribbean in addition to Latin America that are in the style of those in the United States. billion for the retail month of October, the four weeks ended Nov. percent to $838.4 million from $778.7
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Retail Pulse: Walgreens To Test Drone Deliveries; Walmart To Relaunch Scoop
PYMNTS
SEPTEMBER 20, 2019
Retailers are testing drone delivery to grow their omnichannel offerings and provide “store to door” on-demand service to their customers. The company finished the first stage of testing in conjunction with McDonald’s at San Diego State University, per reports in June. Walgreens Boots Alliance, Inc.
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Instacart-Walmart Delivery Pact Heats Up Online Grocery Wars
PYMNTS
AUGUST 11, 2020
11), reported by CNBC , that retail behemoth Walmart has struck a partnership with Instacart to offer same-day deliver across a few, select markets in the United States, focused on four initial pilots in Oklahoma and California. News came Tuesday (Aug. Today, we welcomed Walmart to the Instacart marketplace for the first time in the U.S.
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Fabletics Announces Brick-and-Mortar Expansion
PYMNTS
DECEMBER 28, 2016
Activewear brand Fabletics , which was co-founded by Kate Hudson in 2013, announced plans for a retail expansion across the U.S. The company confirmed that the new locations will bring the brand’s total retail store count to 30 locations throughout the U.S.
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Retail Pulse: Rent The Runway Opens San Francisco Store; Crate & Barrel Plans Restaurant
PYMNTS
SEPTEMBER 21, 2018
To break into the brick-and-mortar world, some digitally native retailers have opened shops inside department stores. Rent the Runway , in particular, is opening a 2,600-square-foot store in San Francisco after outgrowing its 1,800-square-foot space inside of a Nieman Marcus store in the city. In Other Brick-And-Mortar News….
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Retail Pulse: Shopify, Warby Parker Open The Doors On Digital-First
PYMNTS
MAY 11, 2018
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. Warby Parker CEO Neil Blumenthal said, unequivocally, that he doesn’t believe retail is dead or dying — only “mediocre retail experiences.”
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Amazon Grocery Delivery Expands To 3 New Cities
PYMNTS
APRIL 25, 2018
As of today, according to an announcement from Amazon , three more cities are joining the Prime Now grocery delivery lineup: Denver, Sacramento and San Diego. A selection of alcohol is also available for delivery to customers in Sacramento and San Diego. Those who need a rushed delivery can elect to pay a $7.99
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Retail Pulse: Walmart To Boost Supply Chain In China; JD Sports Rides Athleisure Popularity
PYMNTS
JULY 5, 2019
Retailers are bolstering their supply chains in China as they seek to enhance their service and offer customers fresh products. The post also pointed out that the retailer invested over RMB 700 million – which is approximately $100 million – to create the South China Fresh Food Distribution Center. Other Brick-and-Mortar News.
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ALDI Expands Online Grocery Delivery To All US Stores
PYMNTS
SEPTEMBER 19, 2018
According to Chain Store Age , the German supermarket company will use its partnership with Instacart to roll out the service to 75 major markets, including San Diego, New York City, Miami, Raleigh and Minneapolis. We’re growing at a time when other retailers are struggling.
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Retail Pulse: Walmart Tests ‘Great Workplace,’ Sainsbury’s Opens Cashierless Store
PYMNTS
MAY 3, 2019
Brick-and-mortar retailers are changing the way they manage their workforces in the age of Amazon: Walmart , for instance, is testing multiple versions of a new team structure called the “Great Workplace” in some of its locations. In terms of Walmart’s other efforts, the retailer is also focusing on features such as grocery pickup.
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UCSD Tests New Drone Deliveries For Medical Products
PYMNTS
JANUARY 30, 2020
The new program will be inaugurated at UC San Diego (UCSD) Jacobs Medical Center, where medical items will be flown between various medical facilities. Retailers have experimented with the technology to deliver various products and food to customers. In addition, Walgreens, Uber Eats and Amazon have tested drone technology.
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Amazon Opening Second Physical Bookstore
PYMNTS
MARCH 8, 2016
To say the least, the retail world was caught off guard when Amazon announced last year that it would open a brick-and-mortar bookstore in Seattle. Whatever the rest of the industry thinks, Amazon is going forward with plans to open a new bookstore in an upscale San Diego mall, The San Diego Union-Tribune reported.
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100 Macy’s, JCPenney Push Back Against 25 Pct Tariffs
PYMNTS
JUNE 24, 2019
Letters filed by department store retailers Macy’s and JCPenney, along with other companies, asked the U.S. Trade Representative to remove many footwear and apparel items from an expansive list of products set for the new 25 percent tariffs, Retail Dive reported.
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Uber Eats Teams With Costcutter In The UK
PYMNTS
OCTOBER 23, 2019
With the newly launched partnership, retailers in the symbol group will have the ability to sign up for the delivery platform via the Costcutter Supermarkets Group (CSG) after a pilot in stores throughout London and “the south east,” The Grocer reported. The function was tested in San Diego, Phoenix, Austin, Texas and Dallas.
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Taking The Chaos Out Of Lunch With B2B Delivery
PYMNTS
MAY 15, 2019
in San Diego. Foodsby has managed those kinds of growing pains, and Cattoor is confident the latest expansion into San Diego will be a strong launching point for building its network throughout the state. For Foodsby though, slow and steady wins the race – or at least makes business operations sustainable.
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128 Daylight Losing Time: How Changing The Clocks Hurts Retail
PYMNTS
MARCH 10, 2018
However, the stakes can be much higher for retailers, as the length of a day can have a dramatic impact on how much (or how little) foot traffic they get. The institute found similar results in San Diego and Denver. percent, while retail stores overall suffered a 4.8 The Case Against DST. percent drop.
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Indochino Eyes Expansion In 2019
PYMNTS
JANUARY 16, 2019
And five additional locations will open on the West Coast, with three in California — Roseville, San Diego and San Jose — plus Portland, Oregon, and Bellevue, Washington. When Indochino made the transition from a digital-only to an omnichannel retailer, it chose to open smaller stores called showrooms.
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Big Retail Problems, Small Format Solution?
PYMNTS
MAY 13, 2016
With traditional brick-and-mortar retail facing big problems , some chains are addressing them with small solutions. Is this a viable answer to the beating that Sears’ bottom line (and that of many other one-time stalwarts of brick-and-mortar retail) have been taking in recent years? Specifically, with small(er) stores.
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Qualcomm Launches Fund For On-Device AI
PYMNTS
NOVEMBER 29, 2018
Qualcomm, a wireless technology company based in San Diego, has launched the Qualcomm Ventures AI Fund, with a plan to invest up to $100 million in AI startups, according to a press release. Clarifai, Prospera, SenseTime and Retail Next.
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UPS Looks To Drones To Speed Up Delivery
PYMNTS
FEBRUARY 3, 2020
The company also has a drone delivery service called UPS Flight Forward based at the University of California at San Diego Health. “We are demonstrating further bold action in 2020 as we embrace market trends, invest for growth, partner for added reach and develop unique capabilities using next-generation technologies.”.
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Amazon’s Bookstore Ambitions Soon Expanding To New York
PYMNTS
JANUARY 5, 2017
The Big Apple expansion comes as part of Amazon’s larger push into physical retail — the mostly e-commerce firm has already opened locations in San Diego, Seattle and Portland. Q3 also saw availability climb in nine of the 11 Manhattan retail submarkets when stacked against the same time period a year ago.
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Uber Eats Sees 59 Pct Spike In European Grocery Delivery
PYMNTS
APRIL 16, 2020
In Britain, Uber Eats has nine networks of convenience stores and over 700 shops on its platform, and is in talks with other retailers and supermarket groups, Ficaja said. She said Uber Eats enabled the market to bring necessities to people in a way that is safe as well as convenient.
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133 #EmotiveBanking
Celent Banking
DECEMBER 7, 2014
I’ve just returned from my last conference of the year, the excellent and intimate NetFinance Interactive held in rainy (sic) San Diego. Banking Retail Banking' The lesson for banks? Look for opportunities to surprise your customers. Great service when they least expect it will get you noticed and deepen customer loyalty.
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173 MasterCard’s Major League Baseball Play
PYMNTS
JUNE 1, 2016
That’s why we are thrilled to offer this exclusive opportunity — to head to San Diego and see today’s best players in action — to Petco customers and MasterCard cardholders.”. There’s nothing quite like experiencing the All-Star Game in-person, especially here in San Diego, and we’re looking forward to this year’s festivities.”.
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Albertsons’ Online Sales Surge 276 Pct As Pandemic Reshapes Shopping
PYMNTS
JULY 27, 2020
While not citing any specific incidents, the company’s Vons and Safeway stores in New York, San Diego and Los Angeles were all hit by looters over the past few months, according to news reports. Albertsons also reported nearly $15 million in “civil disruption-related costs.”
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141 Jack In The Box And DoorDash Expand Delivery Partnership
PYMNTS
MARCH 31, 2017
Following a successful test run in San Francisco, Jack in the Box and DoorDash are now offering delivery options to 229 major cities across the U.S., including Los Angeles, San Diego, Seattle and Las Vegas, among a number of others. DoorDash also has similar delivery partnerships in parts of the U.S.
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Gryphon Wi-Fi Router Designed To Block Internet Attacks
PYMNTS
NOVEMBER 11, 2016
One new device, featured in a Bloomberg Businessweek report, is a product out of Gryphon Online Safety, the 17-person startup based in San Diego. It will retail for $199 and doesn’t include a subscription to antivirus software, which Bloomberg said will cost around $40 a year. It also scans regular internet traffic.
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Uber Eats Introduces Group Ordering
PYMNTS
DECEMBER 5, 2019
The feature was tested in San Diego, Phoenix, Dallas and Austin, and was made available across the country on Oct. Checkout is the same as always, and everyone can track the order. In other Uber Eats news, the company recently launched a pickup feature nationwide.
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COVID-19 Means Pet Care Is Booming, But Not Every Company Gets A Treat
PYMNTS
NOVEMBER 6, 2020
Privately held Petco announced this week that after two months of mulling strategic options like a sale, the San Diego-based chain of 1,500 pet stores has filed preliminary paperwork for an initial public offering. But beyond traditional brick-and-mortar pet stores, online retailers continue to do well. A Mixed Breed.
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Pride Vendors Look To Triple Sales With mPOS
PYMNTS
JUNE 5, 2019
Some companies, such as French sporting goods retailer Decathlon , are turning to QR codes as they expand to new markets, notably the U.S. The company recently partnered up with a number of merchants to drive acceptance of its mobile wallet, Apple Pay, including retailers like Bonobos and electric scooter rental company Bird.
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Grocery Deliverer Shipt Adds Alcohol
PYMNTS
JULY 20, 2016
Internet Retailer is reporting that grocery delivery service Shipt is adding alcohol to its list of shoppable products. Come July 27, customers in the Orlando area will be eligible to get their drink on courtesy of Shipt and partnering retailer ABC Fine Wine & Spirits , which operates 150 locations across Florida.
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