Retail Closures 2020: 1200 And Counting; Plus, Building Biometrics' Retail Role; And Casper's Incredible Shrinking Valuation
 
 
 
 
 
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January 27, 2020
 
 
 
 
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Making A Market For Water With A Caffeinated Kick

 

While all founders are passionate about their startups, few can say they’ve walked away from their recently obtained medical degrees to launch one. But for Phocus Co-founder John Mittel, the opportunity to build a better caffeinated beverage ultimately seemed a preferable path to improving public health than a career in ophthalmology. To break America’s soda addiction, he tells PYMNTS, the first step is offering a healthier option that still carries that caffeine kick.

 
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  Biometrics
 Inno
 
 
Why Amazon And Other Retailers Are Turning To Biometrics
 

Biometric tech is a mainstream part of travel and building access. Now retailers are increasing their investment in a deployment of facial recognition, hand authentication and other biometric tools. Amazon is emerging as a big player, as are QSRs and even subscription commerce operators, according to PYMNTS research. What’s coming next?  Read More...

 
  eCommerce
 
 
 
Spreading eCommerce Innovation With Nut Butters And Jams
 

Consumers want to buy simple foods without any additives — and, as it happens, brands are driving innovation with spreads made from one or two ingredients. Take Spread The Love, which offers an array of nut butters and jams through its website. Co-Founder and CEO Zach Fishbain tells PYMNTS what inspired him to help launch the brand — and how the products meet the needs of consumers seeking clean foods.  Read More...

 
  Today In Data
 
 
 

Restaurants Tap Into Mobile Order-Ahead Innovations

 

Consumers are using mobile order-ahead services for many reasons beyond ordering and paying for their meals. They use apps to find coupons, for instance, and also to search for menu items. But fraudsters continue to haunt the space, which is concerning for restaurants and app users. Here’s a snapshot of the newest digital ordering developments, such as techniques to limit coupon fraud damages. Read More...

 
  What's Hot Today In Retail
 
 
- Casper Expects IPO Valuation To Fall Far Lower Than $1B
 
- Sprint Benefits From Less Expensive Subscriptions
 
- 1200+ Retail Store Closings Announced So Far In 2020
 
- Chinese Consumers Shut Their Wallets In Face Of Coronavirus
 
- Services Sector Drives US Business Growth; Europe Loses Momentum
 
- Grocery Stores Shutter In-Store Pharmacies
 
- LA’s CREXi Real Estate Marketplace Lands $30M For Digital Expansion
 
- Life House Tech-Focused Hotel Brand Closes $30M Fundraise
 
 
  Best of PYMNTS.com  
 
- The Subscription Economy: What The 2020s Have In Store
 
- Even CEO: Why Savings Is The Key To Breaking The Paycheck-to-Paycheck Cycle
 
- Managing Spend In A Sector Where Unplanned Expenses Are The Norm
 
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