Amazon wants to open 20 brick-and-mortar grocery stores over the next two years and the online retailer believes the US market has room for up to 2,000 of its Amazon Fresh-branded grocery stores over the next decade, Business Insider has learned.

Amazon is planning to operate a 20-location pilot program for its grocery stores by the end of 2018, in places like Seattle, Las Vegas, New York, Miami, and the Bay Area, according to documents viewed by Business Insider.

Read the Full Article: Source – Business Insider
Time For Truth: (Business Insider) – Internal Amazon documents reveal a vision of up to 2,000 grocery stores across the US

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Here are Google’s Pixel phones. Again! In some unfortunate error, UK phone seller Carphone Warehouse has full listings for two phones, cementing what we’ve already heard or seen, as well as demonstrating how Google hopes to pitch the two devices to smartphone shoppers.

Read the Full Article: Source – Engadget
Time For Truth: (Engadget) – UK retailer leaks Google's Pixel phones in detail

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My dad, a former Wall Street trader always advised me “cash is king” and to “hold on to it” when the economy gets tough.

But in the Netherlands, cash is definitely not getting the royal treatment. In so many places, it has simply ceased to be recognised as legal tender. More and more Dutch stores, from upscale health-food store Marqt to my local baker and bagel shop, take pin — or debit — cards exclusively. Some retailers even describe going cash-free as “cleaner” or “safer”.

Read the Full Article: Source – BBC News
Time For Truth: (BBC News) – The countries where cash is on the verge of extinction

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A £14bn legal claim has been filed against Mastercard on behalf of UK consumers seeking damages for anti-competitive card fees.

In 2014, the European Court of Justice ruled that regulators were right to condemn the cost of its interchange fees – the fees retailers pay banks to process card payments.

Read the Full Article: Source – BBC News
Time For Truth: (BBC News) – Mastercard faces £14bn card fee claim

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Stroll into the airy Kit and Ace store on Woodward Avenue in Detroit and you’re struck by the minimalist style that highlights the brand’s comfortable, street-smart clothing line.

But if you wanted to buy a scarf, maybe one that’s on sale for about $50, don’t bother paying with cash. The store won’t take your Benjamins — or Hamiltons, Jacksons or Grants.

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