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Justice Department, SEC Investigating Under Armour

PYMNTS

Baltimore-based Under Armour is being probed over its accounting practices by the U.S. Securities and Exchange Commission (SEC) and the U.S. The company’s 1996 founder Kevin Plank is stepping down in January as chief executive officer (CEO) and will serve as executive chairman and brand chief. for many years.

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Chapter 11 Watch: Austin Reed Bids Farewell, Staples Plots A New Course

PYMNTS

brands like apparel retailer Austin Reed, though, the weight of all that financial baggage is too much to crawl out from under. The Baltimore Sun is reporting that the Mars brand, which operates 13 stores across Maryland, will be selling off five of its locations and shuttering the remaining eight. For some U.K.

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On-Demand Fitness Services Could Bring The Gym To Your Next Flight

CB Insights

The strategy could help established travel companies boost brand loyalty, while further differentiating themselves from Airbnb and other new rental market entrants. Startups ROAM Fitness and FlyFit Global offer workout facilities behind airport security. In-room curated fitness offerings could increase brand loyalty for hotels.

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A Bundle Of Contradictions: The Online Privacy Landscape

PYMNTS

consumers were aware of the Cambridge Analytica scandal, with the incident resulting in 57 percent of those consumers reporting they are more concerned about data privacy and security. One recent survey found that 78 percent of U.S. Overall, 69 percent of consumers favor GDPR-like regulations in the United States.

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The Global Bike-Share Boom: Dockless Models Look To Solve Urban Commutes & Transit Access

CB Insights

Dockless systems require less hardware for securing and managing inventory, translating into lower capital costs, expanded geographical reach, and lower costs for consumers. These two companies have each received over $2B in funding to date, with Ofo most recently securing a fresh $850M primarily from Alibaba to fuel its global expansion.

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Does ‘Google Checking’ Foreshadow Big Tech, FinTech Payments Changes?

PYMNTS

Instead of trying to be the bank, Google is leveraging the brand name, banking infrastructure and trusted reputation of two banks, one of which is among the world’s largest global FIs, to acquire new users for that product and for Google Pay. After all, he added, clarity is the first step toward effective action and planning. Google’s Aim.

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