San Francisco Board of Supervisors passes ban on cashless retail
Payments Dive
MAY 9, 2019
San Francisco became the latest municipality to ban cashless retail as vulnerable populations demand equal access to shopping and dining service.
San Francisco Votes To Ban eCigarettes
PYMNTS
JUNE 26, 2019
In a ban that would be the first of its kind to go into effect in the United States, San Francisco has voted to prohibit the sale of eCigarettes. While the law is reportedly geared toward all eCigarette firms, the report noted that the legislation “has to feel personal” for San Francisco-based Juul Labs Inc.
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Amazon Go To Expand To San Francisco And Chicago
PYMNTS
MAY 15, 2018
The Amazon Go store is getting ready to expand into San Francisco and Chicago. According to Mashable , the company posted four job listings last month looking for retail employees in the new locations. The first cashierless Amazon Go store opened in January in Seattle after being in development for five years.
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Lyft Brings Pedal-Assisted Bikes, New Branding To San Francisco
PYMNTS
JUNE 11, 2019
With its rollout of pedal-assisted bikes, Lyft is using its own branding in the San Francisco Bay Area. Customers in San Jose are said to have access to the bicycles beginning on Tuesday (June 11). According to reports, the company is working with San Francisco to put out its eBikes later in June.
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Prime Members In San Francisco And Atlanta Get Free Whole Foods Delivery
PYMNTS
MARCH 6, 2018
Adding to the sundry benefits of Prime, Amazon is launching free two-hour delivery of Whole Foods groceries in Atlanta and San Francisco through Prime Now. Customers in San Francisco can order “select alcohol” for delivery as well. throughout 2018.
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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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San Francisco puts the kibosh on cashless retail, restaurants
ATM Marketplace
MAY 10, 2019
San Francisco has become the latest city to say no to cashless retail and foodservice as advocates for vulnerable populations demand equal access to shopping and dining establishments for the unbanked.
Local Insights On Airbnb In San Francisco
PYMNTS
DECEMBER 2, 2016
San Francisco recently voted to impose a limit on the maximum number of days hosts could rent out their properties — which could bring major changes to the city’s gig economy. Airbnb eventually sort of settled with San Francisco back in 2015 — though it turned out to not be enough — and said it would better police its platform.
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Five At Five: Amazon Gets Beat In San Francisco
PYMNTS
AUGUST 21, 2018
Cashierless Challenger Zippin Debuts i n San Francisco. Zippin, the cashierless store operator, is beating Amazon and its Amazon Go stores to the punch, opening up its first cashierless store in San Francisco. Today’s news includes coverage of how a company beat Amazon to the punch, and a new batch of worries for Tesla.
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Google Testing Same-Day Delivery In San Francisco
PYMNTS
JUNE 29, 2018
According to the report, the service — dubbed Google Shopping Express — is being tested with a small number of consumers in San Francisco and suburbs around it. NBC News reported that national, regional and local merchants are testing Google Shopping Express with big-name retailers including Target and Walgreens.
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100 What The San Francisco 49ers’ New Loyalty Rewards Play Means For The Field
PYMNTS
OCTOBER 22, 2019
As consumer preferences change and competition becomes more keen, retailers and commerce operators are under even more pressure to get creative with loyalty programs. The latest example of that comes from the NFL.
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San Francisco Startup Lumoid Lets Best Buy Shoppers Try Before They Buy
PYMNTS
JUNE 13, 2017
Thanks to a partnership with San Francisco startup Lumoid, it’s a rental option that lets electronics shoppers try before they buy. Could this be the edge that the $39 billion retailer needs to stay abreast of Amazon? What does Best Buy have that Amazon doesn’t?
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101 Momentum Machines Gets $18M In Venture Funding For San Francisco Restaurant Run By Its Burger Bot
PYMNTS
JUNE 15, 2017
Momentum Machines introduced its fully autonomous burger bot in 2012, and now, with news of an $18 million venture capital funding round , it’s one step closer to opening its flagship San Francisco restaurant based around the prototype, which has been in the works since June of last year. Whenever it finally comes to fruition.
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SigFig Launches Advice and Sales Platform for Retail Banks and Customers
Bank Innovation
MARCH 27, 2019
SigFig, a San Francisco fintech specializing in robo advice, today unveiled SigFig Atlas, an interactive platform for financial advice and software-guided sales that faces both retail banks and their customers.
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Robo-Baristas Serving Up Coffee At San Francisco Cafe
PYMNTS
JANUARY 31, 2017
Like a scene right out of “The Jetsons,” patrons at Cafe X, a new coffee shop in San Francisco, can have their cup of joe served up to them by a robot. Yes, an actual robot.
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New Products, New Retailers: Affirm is on a Roll
Bank Innovation
AUGUST 15, 2017
The San Francisco-based company, has made numerous strides, from issuing its millionth loan to expanding its retail partnerships; from preparing to launch new products in the fall to moving into a permanent office space. This has been a good year for Affirm, the lending startup established by PayPal co-founder Max Levchin.
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The Revivals Of Malls And Unattended Retail
PYMNTS
JANUARY 9, 2020
And in unattended retail, Stockwell ’s new name sparked a turnaround for the firm. 1,000: Minimum number of Stockwell machines across the San Francisco Bay Area, Los Angeles, Houston and Chicago. percent: The rate by which overall retail sales increased from Nov. All this, Today in Data.
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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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Relocations And Remote Work Hit San Francisco’s Finances
PYMNTS
JANUARY 18, 2021
“As we respond to the urgent challenges of the COVID-19 pandemic and look forward to our economic recovery, we can’t lose sight of our long-term financial situation,” said San Francisco Mayor London Breed in a press release. The New York Times reported that remote work has meant many San Franciscans have fled the Bay area.
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‘Organized Retail Crime’ Is Growing (And Not Just Because Of The Pandemic)
PYMNTS
JANUARY 12, 2021
Organized crime rings are taking advantage of the pandemic, looser police enforcement and a softening in anti-shoplifting laws to swipe tons of merchandise from retail stores and warehouses across the United States. Just in the past month, police in San Francisco and Polk County, Fla., A Growing Problem.
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Local Governments Move In On Retail Vacancies
PYMNTS
MARCH 17, 2020
It was supposed to be a thriving retail center in Milwaukee when it was built seven years ago. It’s one approach to a growing retail vacancy issue that local governments are getting more aggressive in trying to solve. and San Francisco. But it never happened. No one ever leased from the development called Viets Field.
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135 I didn’t leave my heart in San Francisco…
Celent Banking
SEPTEMBER 7, 2015
When asked, the retailers I spoke to saw EMV as offering no better security and a worse customer experience. The first talked about the customer experience, and how varied it was. Some of the quirks were allegedly to improve security, yet offered no perceivable additional security.
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Why Brick-And-Mortar Merchants Are Tapping Into Unattended Retail
PYMNTS
MARCH 25, 2019
To help meet customer expectations in the digital age, retailers have to know who their shoppers are and what they want. While eTailers already have this information about consumers, brick-and-mortar retailers don’t have this in-depth knowledge. They can also help capture the ages, genders and emotions (in some cases) of shoppers.
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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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Retail Tech Partners Step Up To Assist With Remote Work
PYMNTS
MARCH 11, 2020
With personal interactions under scrutiny due to the COVID-19 disruption, it’s a good time for retailers to take stock of their mobile and online commerce capabilities and technologies. The company announced this week that it has signed high-end fashion retailer Anine Bing. The first is Perfect.
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Bringing Specialty Socks To Malls With Automated Retail
PYMNTS
AUGUST 22, 2019
To differentiate his eCommerce site from the many other sock sellers, Williams came up with the idea of introducing a vending machine for socks – otherwise known as an automated retail unit – at the Westfield San Francisco Centre shopping mall. It sits at the Powell/Market Street Bart entrance of the mall’s concourse level.
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Senators Push For Bill That Would Force Retailers To Accept Cash
PYMNTS
JULY 2, 2020
The Payment Choice Act is aimed at businesses that refuse to accept cash as payment or retailers that charge a fee for cash transactions, the network reported. State laws to protect cash have already been passed in Massachusetts, New Jersey, New York City, San Francisco and Philadelphia.
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Big Fizzle: Airport Retailers Reel As Coronavirus Spreads
PYMNTS
MARCH 6, 2020
The same could be same for retail, where foot traffic is key, where wandering customers and impulse buys can propel the top line. And if the reverse is true, if traffic does not materialize, or people look but don’t buy, well, retailers suffer. Some airports are starting to offer rent relief, said the Journal.
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Anand Talwar of Ally Bank Joins Bank Innovation 2018
Bank Innovation
MARCH 2, 2018
EXCLUSIVE – Anand Talwar, deposits and consumer strategy executive at Ally Bank has joined the speaker faculty for Bank Innovation 2018, taking place next week March 5 to 6 in San Francisco. He also is responsible for.Read More.
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High Rent Costs Hurting Retailers
PYMNTS
JULY 22, 2019
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.
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Retail's Digital Shift, SPACs, And DoorDash's IPO Plans Top This Week's News
PYMNTS
AUGUST 28, 2020
We have deep dives on retail’s digital D2C shift, blank-check companies, and DoorDash’s IPO plans. DoorDash , the San Francisco-based prepared food delivery service, is planning to go public by year’s end, after filing confidentially in February. DoorDash Moves Ahead With Q4 IPO Plans. Trackers and Reports.
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208 Why Retailers Are Making mPOS Technology A Top Priority
PYMNTS
MARCH 11, 2019
Retailers are becoming more interested in omnichannel offerings: The PYMNTS mPOS Tracker found that 67 percent of those surveyed listed it as a priority for this year. From Walgreens to HP , retailers and technology providers are embracing the world of mobile payments through the help of point-of-sale technology.
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Aura is using grocery stores to market installment loans to the underbanked
Bank Innovation
SEPTEMBER 24, 2019
For Aura, an online lending platform for low-income families, reaching underbanked borrowers means going beyond the bank setting and working with retailers to reach customers who may be overlooked by traditional lenders. In addition to […].
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Retailers In Some States May Be Forced To Accept Cash
PYMNTS
FEBRUARY 21, 2019
could force retailers and restaurants in a number of states to accept cash as a payment method. Meanwhile, the paper reported New York City, Washington, San Francisco and Chicago are looking at similar legislation. With a move toward cashless societies growing around the world, new legislation in the U.S.
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BLS Report Shows Static Retail Jobs Picture
PYMNTS
MARCH 6, 2020
That’s the case with the new employment report from the Bureau of Labor Statistics, which showed that retail jobs held steady between January and February. Manufacturing, mining, wholesale and retail trade, and transportation and warehousing saw little change in employment for the month, the BLS said. Sometimes no news is good news.
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How Furniture Is Helping Build A Larger Retail Ecosystem
PYMNTS
JANUARY 20, 2020
As evidence mounts that more consumers are doing more commerce from the comfort of their homes, there are also big changes when it comes the retail involved in that comfort — that is, home furnishings. Here’s the basics of how this furniture retail model works. That’s not all that’s going on in the world of furniture retail in 2020.
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Banking startup Level enters the high-yield savings race
Bank Innovation
FEBRUARY 19, 2020
Level, a digital banking startup based in San Francisco Calif., is trying to hook customers with a 2.1% savings account annual percentage yield.
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259 Apparel, Embracing Digital, Drives Innovation In Retail
PYMNTS
SEPTEMBER 19, 2019
Apparel used to be mostly a brick-and-mortar retail experience, but that has changed drastically over the last few years – and has been one of the main innovations when it comes to commerce related to the clothes we wear. But at this point, it is also mostly table stakes in the race to bring apparel retail online.
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Retail Rents Set To Rise In 2016
PYMNTS
APRIL 4, 2016
After years of slow growth brought on by the financial crisis, retail rents are recovering and are on the rise. The question, according to retail analysts, is if this trend will be sustainable, especially as consumer-facing retail is becoming an increasingly digital endeavor.
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Breakup In Aisle Three: Retail Tech Goes The Distance
PYMNTS
APRIL 1, 2020
With social distancing currently a top priority of retailers in the current environment, a supplier of shopper engagement and loss prevention technologies has flipped the script, now making devices that heighten real-time awareness of social distancing in retail stores. That’s our domain. SocialDistance.ai SocialDistance.ai
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How Amazon’s Cashierless Tech Will (Or Won’t) Change The Physical Retail Landscape
PYMNTS
MARCH 11, 2020
The advance of Amazon’s cashierless technology is not a new story to the retail beat as of 2020. with new openings scheduled for New York, Chicago, Seattle and San Francisco on the agenda for his year. with new openings scheduled for New York, Chicago, Seattle and San Francisco on the agenda for his year.
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130 12 Startups Showed Their Latest and Greatest at INV Fintech Demo Day
Bank Innovation
MARCH 9, 2018
EXCLUSIVE - On March 6 in San Francisco, 12 impressive startups demoed their latest in fintech technology at INV Fitnech's 2nd annual demo day. INV Fintech, the sister accelerator to Bank Innovation, is partnered with Fiserv and eight banking partners with over $3 trillion dollars in assets.
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276 Varo drops goals feature from app, citing low user uptake
Bank Innovation
SEPTEMBER 11, 2019
In one fell swoop, the San Francisco-based startup rebelled against a trend that’s become a table-stakes offering among digital-only banks, including N26’s “Spaces” and Monzo’s “Pots.” ” […].
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231 WeWork Steps Into Retail With J.Crew
PYMNTS
FEBRUARY 15, 2018
The talks — and the retail offerings — will come to WeWork spaces in New York, San Francisco, Atlanta and Philadelphia, Glossy reported. The partnership comes as a decline in physical retail has hit J.Crew particularly hard in recent years. Crew has struggled with the retail reset that is sweeping the segment.
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