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Luxury Retail Finds New Avenues As Brick-And-Mortar Fades

PYMNTS

The company has raised a total of $288 million in funding from venture capital and private equity backers, including Great Hill Partners, Greycroft, PWP Growth Equity, Sandbridge Capital, Industry Ventures and Canaan. Its new store offers a mix of women’s ready-to-wear items, along with jewelry, fine watches, home decor and art pieces.

Retail 123
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J.Crew Continues To Slump

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The New York-based company reported a 7 percent loss in same-store sales last quarter as compared to 8 percent noted last year. The weakening sales come on the heels of its chief investor TPG Capital’s move to write down its stake in J. J.Crew struggled to win back its base of loyal customers last quarter.

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Saving Main Street: Cities Pick Up The Recovery Role

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While they will lack the sheer financial clout of federal assistance, they are starting to offer strategies beyond capital infusions that will assist in restarting small business when the crisis passes. Our goals are to help businesses, brands and cities increase individuals’ peace of mind around sanitation, contact and visit frequency.”.

Maine 141
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New Year, New Mergers Sizzle For Payments Companies

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billion merger with Swiss firm Global Blue — which in turn will list on the New York Stock Exchange. Specifically, Global Blue focuses on tourists spending abroad, and offers products that help capitalize on tax-free shopping as they buy luxury goods. branded cards business grew by 10 percent. For Citi , the U.S.-branded

Company 132
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As Classic Video Games Turn Into Collectibles, Can eCommerce Keep Up?

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It seems that old-fashioned video games are that hot new item, assuming they are in pristine condition and come in factory packaging, according to a new report in The New York Times. But as even casual students of history know, collectibles often lead to bubbles that eventually pop.

Video 226
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Mobile Order-Ahead Delivered The Goods In 2019

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Tons of capital was raised and spent on new systems and processes. DoorDash and Grubhub also got deliveries — in the form of municipal lawsuits over tipping, billing and compensation practices common to MOA brands. “It was the best of times, it was the worst of times.”

Mobile 131
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Cannabis Dispensary SaaS Provider Baker Technologies Raises $3.5M

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The funding will help with upfront capital provided to those farmers. Within banking, SolarisBank garnered $28 million, with venture capital provided by Arvato Financial Solutions, among others, which will be taken to expand the European technology platform, furthering geographic reach. Earlier this month, Baker Technologies raised $3.5