Crypto News 

The Tipping Point: Kroger, Starbucks May Ignite Retail Crypto

“Right now, there are no firm signs that other retailers as big as Starbucks or Kroger will begin accepting crypto payments anytime soon” writes Simon Chandler for cointelegraph.com. However, given their size and clout, their movements into crypto payments are likely to put greater pressure on their rivals to act similarly.Aside from Kroger, there are signs that other big players are entertaining the idea of moving to the Lightning Network and crypto payments.Despite this early movement in the direction of crypto payments, there are still a number of significant obstacles…

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Chinese retailers cut iPhone XS prices in second 2019 bid for buyers

“Gadget retailer Suning.Com said it would slash the price of the iPhone XS by as much as 1,000 yuan ($148.95) from its official price” reports venturebeat.com. (Reuters) — Chinese online retailers have started discounting iPhones for the second time this year as Apple wrestles with a prolonged sales slowdown in the world’s largest smartphone market. Source: venturebeat.com

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Survey: Costco, Trader Joe’s are best retailers of 2018. See which ones were the worst

“A new consumer survey shows America’s love affair with Trader Joe’s and Costco continues, but overall customer satisfaction was down last year” writes Doreen Christensen for sun-sentinel.com. The latest American Customer Satisfaction Index survey ranked the best and worst retailers of 2018 asked more than 62,000 consumers to choose favorite department and discount stores, specialty retailers, supermarkets and e-retailers, among others.Top retailers scored in the 80s, with most chains clustered in the 70s. Source: sun-sentinel.com

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U.S. retailers turn their bane into boon with ‘click and collect’

“Similarly, Best Buy told Reuters that more than 40 percent of its online sales involve in-store pickups” writes Min Read for reuters.com. According to retail research and consulting firm GlobalData Retail, store pickups accounted for nearly a third of U.S. online sales last November and December.Yet last U.S. holiday shopping season showed stores may offer retailers a rare competitive advantage as they scramble to fend off the challenge from e-commerce giant Amazon.com and other online retailers. Source: reuters.com

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Freight startup Flexport just nabbed $1 billion through a SoftBank-led funding round, and it’s now worth $3.2 billion

“The Japanese bank’s Vision Fund just led a $1 billion investment round into Flexport, which is now valued at $3.2 billion” writes Rachel Premack for businessinsider.com. Such platforms have become common across the logistics industry.Instead, retailers turn that complicated process over to a freight forwarder. In trucking, startups like Uber Freight, Transfix, and Convoy are directly connecting retailers with trucking companies or truckers. Source: businessinsider.com

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