Block shutters some European operations
Payments Dive
AUGUST 4, 2023
The company is pulling the plug on Cash App’s Verse brand in the European Union and buy now, pay later operations in Spain, France and Italy.
Insurance Operating Models Need to Put the Customer in the Middle (Part 2 of 5)
Perficient
AUGUST 5, 2021
In my last post, I discussed how insurance companies that demonstrate empathetic knowledge of their consumers and deliver tailored, real-time solutions will build on their noble purpose and gain competitive advantages in a digital operating environment. It starts with putting your customer in the middle of your operating model.
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[Podcast] What If? So What? Episode 4: What if Every Brand Went Direct to Consumer?
Perficient
FEBRUARY 24, 2021
In a world where retail has changed and consumers remain at home, how do brands reimagine the task of getting products to customers? podcast , we interview Jon Bostock, best-selling author, innovator, co-founder and CEO of Truman’s and learn how brands that innovate will win in a rapidly changing digital-first economy.
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Tailored Brands Might Seek Bankruptcy Due To Pandemic
PYMNTS
JUNE 15, 2020
Men’s Wearhouse owner Tailored Brands might be the next significant retail company in the United States to make a bankruptcy filing as the COVID-19 crisis unfolds. Bank — included the potential for bankruptcy, or even the closing of operations, in a recent filing, CNN reported. Tailored Brands has approximately 1,400 U.S.
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Inspire Brands To Buy Dunkin' For $11.3B
PYMNTS
NOVEMBER 1, 2020
Inspire Brands will acquire Dunkin' Brands , the parent of Dunkin' and Baskin-Robbins , for $11.3 By joining Inspire, these brands will add complementary guest experiences and occasions to our current portfolio. billion and assumption of debt, the companies announced Friday (Oct. 30) in a press release. As recently as Oct.
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Authentic Brands Could Buy Arcadia Group And Debenhams
PYMNTS
DECEMBER 14, 2020
Authentic Brands is said to be in talks with Debenhams and Arcadia Group administrators, with unnamed sources claiming that the retail company is mulling a bid for the Sir Philip Green retail empire and the retailer, Retail Gazette reported. Arcadia Group is the owner of Evans, Dorothy Perkins, Burton, Topshop and others.
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How Brands Can Avoid Direct-To-Consumer Pitfalls
PYMNTS
JULY 28, 2020
Chief Operating Officer Ro Bhatia told PYMNTS in a recent conversation. Brands looking to sell directly to end users need a vision for what their omnicommerce experience should be, and a plan for how they’re going to deliver something to complement their existing business instead of merely complicating it. He also noted that sticky.io
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Build your community bank’s brand with swag
Independent Banker
FEBRUARY 28, 2022
Promotional merchandise, or swag, has long been regarded as a no-brainer approach to business branding, but community banks are shedding those thrifty connotations with a new, mindful approach to company gifting that imparts value and purpose while bolstering bottom lines. Building brand identity. By Judith Sears.
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Brands Go Direct To Consumer Online: Now What?
PYMNTS
SEPTEMBER 9, 2020
Bringing a brand directly to consumers over digital channels was an option to consider in the pre-pandemic world — but the question for brands today in our radically digitized world is not if, but when, according to sticky.io Chief Operating Officer Ro Bhatia. Reimagining How Brands Relate To Consumers.
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Brand Differentiation – How One Bank Is Producing 132% Profit Growth
South State Correspondent
MARCH 23, 2022
If your bank struggles to create a clear value proposition and brand differentiation, then we have a case study for you. Brand Differentiation Step 1: Build an Employee-Centric Culture. Nubank is an example of what happens when you invest in your products in order to differentiate your brand.
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Inspire Bets $11.3B That Its Brands Can Run On Dunkin’
PYMNTS
NOVEMBER 2, 2020
Private equity-backed Inspire Brands will be buying Dunkin' Donuts and bringing it private for a whopping $11.3 Dunkin’ Brands CEO Dave Hoffmann noted the acquisition was a testament to the progress Dunkin’s had made and maintained during the global pandemic leaving the brand “stronger than ever.”. “We Inspire’s Many Brands .
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Lucky Brand Starts Chapter 11 Proceedings, Seeks Sale
PYMNTS
JULY 6, 2020
Lucky Brand has started proceedings under Chapter 11 to help pave the way for a sale and decrease its debt load brought about by recent difficulties with the inclusion of the pandemic. In addition, the retailer said new Authentic Brands Group LLC subsidiary ABG-Lucky LLC will buy all of its intellectual property assets.
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Capital Park Holdings Forms Prestige Value Brands And Buys Joy Brands
PYMNTS
SEPTEMBER 3, 2019
Capital Park Holdings has formed Prestige Value Brands, and has used it to acquire Joy Hand Dish Retail Brands from Procter & Gamble, according to a release by the company. These brands include Joy Hand Dish and Cream Suds. The newly formed company said it is going to focus on mid-market brands that bring value to customers.
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Retail Branding Comes Off The Back Burner
PYMNTS
MARCH 26, 2020
For retailers, especially those deemed non-essential and struggling with revenue, branding may be on the back burner right now. Big mistake, say several branding experts. And who you were was your brand. “A Your brand attributes are the ones you fall back on when you have to make difficult decisions. “A
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The Habit Restaurants Now Owned By Yum! Brands
PYMNTS
MARCH 19, 2020
Brands, which also claims Taco Bell, Pizza Hut, Kentucky Fried Chicken and other luminaries of American fast food under its belt, according to a release. has counted a fast-casual brand among its arsenal of eateries. Franchisees will have new opportunities with another brand added, he pointed out. This marks the first time Yum!
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Muvin shuts down its operations
The Paypers
FEBRUARY 5, 2024
Youth-focused neobank Muvin has announced its decision to shut down its operations, as a result of the RBI direction which forbade UPI in a co-branding deal.
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Yum! Brands Digital Sales Reach Record $3.5B Amid Pandemic
PYMNTS
JULY 30, 2020
Brands, Inc. The brand has served nearly 20 million contactless digital orders as of March 2020. “We’ve Brands’ worldwide system sales excluding foreign currency translation dropped 12 percent, with a 15 percent same-store sales decline. Brands recently acquired , opened two gross new restaurants in the United States.
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Retail Pulse: Chef’d Halts Operations; Gymboree Updates Brand
PYMNTS
JULY 20, 2018
The situation seemed to recently come to a head, as the company told employees that it was shuttering its operations. And, while the struggles of Chef’d shine a light onto the difficulty of operating in the meal kit industry, some observers think there is a successful recipe for the meal kit business.
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Designer Brands Reports 44.7 Pct Drop In Net Sales Amid Pandemic
PYMNTS
JUNE 18, 2020
Designer Brands Inc. The company operates almost 1,000 retail stores under names like DSW Designer Shoe Warehouse and The Shoe Company. ” Designer Brands said it has successfully opened roughly 90 percent of its overall store base, and it foresees having almost all of its North American locations open by the conclusion of June.
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Yum! Brands To Hold Back Rent In South Africa
PYMNTS
APRIL 6, 2020
Brands Inc. , The policy relates to the just under 50 stores owned by the company in the most industrialized nation in Africa, while the other restaurants on the continent are franchisee-operated Bloomberg reported. Restaurant Brands will send $70 million in cash advances, as well as rebates, to franchisees.
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As the U.S. Banking Sector Lags—Banking Brand Values Go Up
Bank Innovation
FEBRUARY 6, 2019
banks accounted for 81 of the 500 most valuable and strongest bank brands around the world on Brand Finance’s Banking 500 2019 list, released this week. Led by the Industrial and Commercial Bank of China, the world’s most valuable banking brand (at $79.8
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Amazon Gains More Exclusive Product Lines From Outside Brands
PYMNTS
JANUARY 28, 2019
Amazon wants to get more exclusive — and it wants other companies to help with that effort by developing product lines meant to be sold only via the eCommerce operator. That move comes as Amazon has had trouble wooing some direct-to-consumer brands. Brand Resistance.
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Life House Tech-Focused Hotel Brand Closes $30M Fundraise
PYMNTS
JANUARY 26, 2020
Among the fastest-growing hotel brands, Life House has over 800 beds and 25 hotels that are expected to be operational by early next year. . According to the company, its platform is producing revenue increases topping 40 percent while lowering expenses for operations 45 percent.
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Project Verte Launches Blockchain Marketplace For DTC Brands
PYMNTS
JULY 8, 2019
Project Verte has launched the MyVerte blockchain -based marketplace for direct-to-consumer brands. According to a press release , MyVerte will launch with over 100 brands, including new brands like Foreo, Temporary Forevers and La Luna Rose. The platform will also highlight new brands on a weekly basis.
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Nordstrom, L Brands Temporarily Shutter Brick-And-Mortar Locations
PYMNTS
MARCH 17, 2020
The retailer also said it is withdrawing its guidance for 2020 because of “heightened uncertainty relating to the impacts of COVID-19 on the Company’s business operations.” L Brands, Inc. , L Brands, Inc. , L Brands Inc. L Brands Inc. Nordstrom, Inc. Nordstrom, Inc.
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Dunkin’s ‘Flexible Operating Model’ Offers Delivery, Pickup, Drive-Thru Amid COVID-19
PYMNTS
APRIL 30, 2020
As it worked to provide its customers with off-premise options amid the coronavirus pandemic, Dunkin’ Brands reported that about 90 percent of Dunkin’ U.S. has a “flexible operating model” where it can keep providing delivery, curbside pickup, and drive-thru where in-restaurant dining is not permitted. For Baskin-Robbins U.S.,
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How Customer Reviews Provide Lifeblood For Restaurant Operations
PYMNTS
JUNE 22, 2020
How Customer Reviews Provide Lifeblood To Restaurant Operations. That focus has only grown amid the takeout- and delivery-only operational shifts due to COVID-19-related social-distancing efforts. Negative reviews represent suboptimal brand encounters, but fortunately, their impact does not appear to be permanent.
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Arby’s Parent Company, Inspire Brands, Acquires Sonic For $2.3B
PYMNTS
SEPTEMBER 26, 2018
Inspire Brands announced that it will acquire Sonic for approximately $2.3 He continued,“As one of the largest owner-operators of company-owned and franchised restaurant brands, Inspire appreciates the unique culture of collaboration between Sonic and our franchisees. Sonic will continue to operate as an independent brand.
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Retail 2020: Looking Back On D2C Brands
PYMNTS
DECEMBER 28, 2020
Direct-to-consumer (D2C) brands came in two flavors during 2020. The second flavor were the brands that had seen traction before the pandemic and flourished during it with innovative marketing, fresh business models and cool packaging. The seven-year-old D2C hybrid brand has received $4.7 That group is more exciting.
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Innovation-Seeking Big Brands Pop Up In Small Spaces
PYMNTS
AUGUST 30, 2018
Brands might want a space to test new concepts with shoppers in brick-and-mortar retail environments, but they don’t always want the time and expense involved in building out a permanent store. It also comes with a bit of staffing twist, as Macy’s own team members will service the brands per a February The Market@Macys report.
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Walmart Divests Of Shoes.com, Bare Necessities Brands As Part Of Digital Streamlining
PYMNTS
AUGUST 27, 2020
Walmart is selling two of its online brands in a continuing goal to concentrate on its website. 27) that the Arkansas-based retail giant is scrapping Shoes.com and Bare Necessities, the intimate apparel brand. Also last year, Walmart shuttered its Jet.com eCommerce website and phased out the brand.
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Developing Brick-and-Mortar Stores For QSRs, Sleep Brands
PYMNTS
FEBRUARY 19, 2020
Some operators, such as Chipotle , are even launching store designs that showcase pick-up windows. The sleep brand ’s locations are thriving, and a few more are planned for this year. Quick-service restaurants (QSRs) are moving to fulfill digital orders as quickly and smoothly as possible. All this, Today in Data.
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Yum! Brands Sales Grow 10 Pct Amid Digital Delivery, Kiosk Innovation
PYMNTS
FEBRUARY 6, 2020
Brands reported that worldwide system sales excluding foreign currency translation increased 10 percent, with Taco Bell at 13 percent, KFC at 11 percent and Pizza Hut at 7 percent. Brands Chief Executive Officer David Gibbs reported that KFC U.S. Pizza Hut U.S.,
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Nymbus Will Help Banks Launch A Standalone Brand in 90 Days
Bank Innovation
APRIL 26, 2018
Nymbus, a startup taking on what is arguably banking’s biggest problem — aging, outdated cores — announced a new product today called SmartLaunch, which “enables financial institutions to stand up a turnkey digital brand under their existing charter in as few as 90 days.” ” This is an interesting move from Nymbus.
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249 Brinker Sets Long-Term Focus For Virtual Brand, Reconsiders Marketing Amid Pandemic
PYMNTS
OCTOBER 28, 2020
However, Roberts noted that the Chili's brand “continues to exceed expectations from both a relative and an absolute perspective.”. In terms of the company’s It’s Just Wings virtual brand, which the company unveiled in June, Roberts noted that the company is committed to the brand for the long term. The company reported $82.8
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Authentic Brands Buys Sports Illustrated To Build Licensing Empire
PYMNTS
MAY 28, 2019
To reportedly build a licensing empire with the Sports Illustrated name, Authentic Brands Group LLC has agreed to buy the storied magazine from Meredith Corp. Authentic Brands Founder and Chief Executive Jamie Salter said, according to the newspaper, “Sports Illustrated has authority and the respect of athletes all over the world.”
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Overstock Unveils 17 Private Label Brands
PYMNTS
MAY 18, 2018
Overstock has unveiled 17 exclusive private label furniture brands, featuring more than 16,000 furniture and home décor products. Brands, introduced through the new selection, include The Gray Barn, Carson Carrington Home, and Laurel Creek. According to Retail Dive , the announcement comes as Overstock is looking for a buyer.
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Mobile Apps And Gas: The Brand/Aggregator Brand Conundrum
PYMNTS
AUGUST 9, 2018
“The problem with loyalty to price is that it isn’t the same thing as loyalty to brand,” McCrary noted — and because gasoline is such a commodity good for consumers, it is hard to build brand loyalty. McCrary noted that examples of those modes are popping up all over the industry.
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BankBazaar Turns Profitable With New Co-Brand Strategy
BankBazaar
APRIL 13, 2022
BankBazaar Turns Profitable With New Co-Brand Strategy; Exits FY22 With Rs.156 National, April 07, 2022: BankBazaar.com , India’s largest fintech co-branded credit card issuer and online platform for free credit score, reported that it is profitable in March 2022. Success of Co-brand Model. 156 Cr Annualized Revenue Run Rate.
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Snap Lets Select Accounts Operate In-App Stores
PYMNTS
JUNE 6, 2019
Snap , the maker of the disappearing messaging app Snapchat, is rolling out new tools to enable select accounts to operate a store within Snapchat. DigiDay , citing a Snap spokesperson, reported that Snapchat users will be able to access the Shopify-powered stores by visiting the account page of a brand.
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AI-Powered Robots Help Retailers Build Cleanliness As ‘Brand Value’
PYMNTS
MAY 12, 2020
told Karen Webster that retailers and other firms are going to need to consider “cleanliness as a brand value.”. “Our software creates the same functionality as the most experienced operator,” Izhikevich said. To that end, Dr. Eugene Izhikevich , co-founder, chairman and CEO of Brain Corp.
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Bitcoin Daily: Nigeria’s Crypto Market Surges; Alleged Crypto Capital Operator Charged With Fraud
PYMNTS
FEBRUARY 23, 2020
Reginald Fowler, “an alleged operator behind payment processor Crypto Capital , was charged with wire fraud” on Friday (Feb. This is in addition to charges of bank fraud, an unlicensed money transfer operation and conspiracy. For this reason, it’s difficult to ascertain exactly how much trading is done.
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151 Gap Brand CEO Stepping Down
PYMNTS
FEBRUARY 21, 2018
Gap Brand announced that its CEO Jeff Kirwan was leaving the company, just as the retailer gets ready to reveal its fourth-quarter results. While I am pleased with our progress in brand health and product quality, we have not achieved the operational excellence and accelerated profit growth that we know is possible at Gap brand,” Gap Inc.’s
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Digital Exercise Brands Get Pumped Up As In-Person Fitness Loses Muscle
PYMNTS
SEPTEMBER 16, 2020
But that national network of body-sculpting palaces is in disarray today, with major chains including Gold’s Gym and 24-Hour Fitness filing for Chapter 11 relief due to the coronavirus pandemic, along with a slew of other operators from privately owned yoga studios to fitness centers. Peloton’s stock price doubled on that news.
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