How Nike, Adidas are leading the future of retail

New stores from Nike, Adidas are leading the future of retail.

Source: fortune.com

Nike and Adidas both opened new New York City stores this fall that are designed to immerse shoppers in the experience and give them a reason to return. The Nike store encourages shoppers to try out shoes on its basketball court and soccer zone, and Adidas has set up stations for customizing apparel and seating areas for watching sporting events.

Sears’ 20th straight quarterly decline cues more store closures

“While Sears was once a titan of U.S. retail, it now looks set to sink,” Saunders wrote in an email to Retail Dive. “We do not make these claims lightly, but only on the back of the evidence available. First, the top line has been in decline for as long as anyone can remember. Comparable sales have been on the slide for just over 11 years. This quarter shows no sign of even the mildest of improvements.”

Source: www.retaildive.com

As Sears continues to close stores, Saunders said many malls will be faced with hardship, unless they can replace those locations with better performing retailers. Rivals like J.C. Penney, which is already taking market share from Sears in appliances, could continue to benefit from Sears’ woes.

How Trump became bitcoin’s unlikely savior

As bitcoin’s spotlight fades and banks work to adapt its underlying blockchain technology for more traditional uses, it seemed that the world was ready to move on from the infamous cryptocurrency. And then Donald Trump was elected president of the U.S.

Source: www.paymentssource.com

Premise — Blocking standard remittance from Mexico and “standard” money transfers will drive many to alternative methods, such as bitcoin. Good read.

Prepared meals in vending machines coming to Toronto

Fresh food company Feast suddenly shut down its delivery service in October. At that time, it said it was going to focus on its wholesale business; it currently sells its meals at four Balzacs locations in Toronto. However, the company’s about to pivot in a new direction. CEO Steve

Source: www.blogto.com