brick and mortar

Brick and mortar (also bricks and mortar or B&M) refers to a physical presence of an organization or business in a building or other structure. The term brick-and-mortar business is often used to refer to a company that possesses or leases retail shops, factory production facilities, or warehouses for its operations.

Source: en.wikipedia.org

Tencent Unveils Collaboration With Walmart China
Tencent Unveils Collaboration With Walmart China
June 08, 2018  |  International

Helping broaden the reach of Tencent’s mobile payments and mini program services, Tencent has unveiled a collaboration with Walmart China. With the relationship, Walmart will also...

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eCommerce And Rising Rents Prompt Flagship Store Closures
eCommerce And Rising Rents Prompt Flagship Store Closures
June 08, 2018  |  Retail

As consumers shift their spending from brick-and-mortar stores to eCommerce sites, iconic American fashion and houseware brands are shuttering their flagship stores. Lord & Taylor,...

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Retail Pulse: IKEA Axes New Store Plans To Focus On Digital Store
Retail Pulse: IKEA Axes New Store Plans To Focus On Digital Store
June 07, 2018  |  Retail

IKEA is slowing the growth pace it has sustained in the U.S. market, axing plans for new stores in three U.S. cities to focus on...

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Reformation Gets Physical With Nordstrom Wholesale Partnership
Reformation Gets Physical With Nordstrom Wholesale Partnership
June 06, 2018  |  Retail

To widen its reach, Reformation is coming to a select number of Nordstrom brick-and-mortar stores, as well as the retailer’s eCommerce website. The brand uses sustainable...

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How To Make KYC Dynamic And Across Silos
How To Make KYC Dynamic And Across Silos
June 06, 2018  |  Digital Banking

FIs have to grapple with finTech upstarts, KYC mandates and eliminating “false positive” transactions, along with friction for the consumer. Breaking down silos within an...

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IKEA Cancels Planned Stores Amid Focus On eCommerce
IKEA Cancels Planned Stores Amid Focus On eCommerce
June 04, 2018  |  Retail

Following years of U.S. growth, IKEA is reining in its brick-and-mortar expansion efforts: The furniture retailer cancelled planned stores in North Carolina, Tennessee and Arizona. Instead,...

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Claire’s To Shutter Another 130 Stores
Claire’s To Shutter Another 130 Stores
June 01, 2018  |  Retail

As Claire’s Stores seeks to attract investors and potential buyers, the retailer has gained approval to close 37 of its brick-and-mortar stores, which are primarily...

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Retail Pulse: More Closures And In-House Brand Sales For Sears
Retail Pulse: More Closures And In-House Brand Sales For Sears
June 01, 2018  |  Retail

Things are not looking good for Sears as 63 more stores hit the chopping block — although, if one is looking for a silver lining,...

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