PYMNTS

JUNE 3, 2020

the wear-to-work retailer for women, warned it may file for Chapter 11 bankruptcy protection as the nationwide chain has been crippled by the COVID-19 crisis, CNBC reported. The company operates more than 385 retail and outlet locations in 33 states, according to its website. Earlier this month, J.Crew Group Inc.

New York 151

New York Retail Groups Survey 151

PYMNTS

JUNE 8, 2018

After news surfaced in May that Golden Gate Capital was considering a merger of Eddie Bauer and Pacific Sunwear of California , the private equity firm has created a new operating company comprised of the two retailers. The group, which is estimated to take in $1.5

Operations 100

Operations Company California Branding 100

PYMNTS

MARCH 27, 2020

The divide between essential and non-essential retail grows bigger by the day as deep discounters and dollar stores continue to add stores, employees and revenue during the COVID-19 crisis. We’ve had pretty much 100 percent cancellation from all major retailers,” he said , naming Macy’s Inc., Nordstrom Inc., TJX Companies Inc.

Retail 130

Retail Capital Groups Community 130

PYMNTS

MAY 8, 2020

“We believe this is a critical component to getting the economy moving again, and we would like to partner with companies and entrepreneurs that can draw on our capital and expertise to stabilize and grow their business,” Bloom said, according to CNBC. Last year, over 9,000 retail stores closed in the U.S.,

Las Vegas 141

Las Vegas Retail Illinois Groups 141

PYMNTS

JANUARY 19, 2021

Italy’s BNL , part of BNP Paribas Group , has debuted its multi-banking solution developed in conjunction with open banking FinTech Tink , according to a press release. Absa Group Collabs With Surecomp. The FI aims to wield Backbase tools to create digital banking channels across its operations, with its focus first landing on SMBs.

Fintech 341

Fintech National Groups Tools 341

PYMNTS

APRIL 27, 2020

Amid the retailer’s reported impending bankruptcy, an investor group is intending to provide an alternative to a $600 million financing arrangement for Neiman Marcus Group and pressure it toward a sale. The investor group includes Third Point LLC and Mudrick Capital Management LP, Reuters reported.

Retail 183

Retail Groups Operations Report 183

PYMNTS

MARCH 3, 2020

With a round led by ACA Investments, comparison shopping platform iPrice Group has notched $10 million in Series B funding. Its last announcement for fundraising was in 2018 from the venture capital arm of Line. The platform, as of now, teams with “super apps” such as Home Credit and Line.

Groups 130

Groups Comparison Online Community 130

PYMNTS

JANUARY 30, 2020

So-called fast fashion has been a big player in retail for years, but that part of the commerce-and-apparel world is facing some serious challenges. 30) from the Columbia Spectator , which covers news important to students at Columbia University and Barnard College in the global fashion capital of New York City. Organic Counter-Moves.

Retail 142

Retail New York City New York social media 142

PYMNTS

MAY 13, 2019

In the unattended retail space, vending operators are also becoming more aware of the shifting behaviors of their shoppers and the need for swift and digital payment options. That smaller size opens up whole new markets, and gains access to spaces that have never had a retail experience [as] a part of it.”.

Retail 177

Retail Marketing eBook Atlanta 177

PYMNTS

JUNE 20, 2019

Through an Alibaba Group Holding Ltd program that offers years of shopping history for consumers, Bestore Co Ltd intends to connect technology for facial recognition with the online retailer’s account data. Now, it has begun to tap into other offerings from the eCommerce retailer for marketing.

Retail 100

Retail Data Groups Resources 100

PYMNTS

NOVEMBER 3, 2020

These are the top stories in retail for Tuesday (Nov. Founded in 2014, SA Company has evolved with the pandemic and is on its way to getting a capital investment and operational expertise from one of its venture capital and marketing partners, TZP Group. Wayfair, Home Furnishings Sector Looks Past COVID Winter.

Company 131

Company Retail Boston Capital 131

PYMNTS

MAY 26, 2020

The owner/operator of 85 shopping centers in California, Colorado and Illinois said shoppers are returning to recently reopened malls, but they’re not lingering, according to a CNBC report. We have movie theaters, we have gyms, we have lots of places where three months ago we would have been thrilled to have close personal interaction. “For

Groups 205

Groups California Colorado Illinois 205

PYMNTS

DECEMBER 15, 2020

Overall cash consideration for the purchase of the company is $325 million, which is subject to “customary cash/debt and working capital adjustments,” of which $100 million has been deferred and will be paid on different dates over the 12 months to come. California-based Shoe Palace was started in 1993 by the Mersho family.

California 220

California Hawaii Arkansas Nevada 220

PYMNTS

OCTOBER 23, 2019

French retailer Casino announced that it has raised €1.5 “The group is working with the banks participating in its confirmed credit lines (whether syndicated or bilateral) to agree [on] a new syndicated revolving facility, maturing in October 2023, for approximately €2 billion. . billion ($1.67

Retail 100

Retail Groups Capital Operations 100

South State Correspondent

JANUARY 17, 2024

We focused mainly on customer profitability and used risk-adjusted return on capital as a proxy for profitability. Through this understanding of profitability and productivity, bank managers can set better strategies and tactics plus start to optimize the allocation of capital. The answer is – most likely.

Study 195

Study Maine Analytics Capital 195

PYMNTS

JULY 6, 2020

The retailer said it has received new financing commitments that will offer enough liquidity to fund it until the sale’s closing, according to an announcement. In addition, the retailer said new Authentic Brands Group LLC subsidiary ABG-Lucky LLC will buy all of its intellectual property assets. Houlihan Lokey Capital, Inc.

Branding 136

Branding Retail Groups Operations 136

PYMNTS

NOVEMBER 1, 2020

Executives at MCI Capital , the biggest publicly traded private equity firm in Poland, are optimistic that a recent record-breaking initial public offering (IPO) in the eCommerce space bodes well for the industry, Bloomberg reported. Online retailer Allegro.eu Eyeing the success of that transaction for the owners who took Allegro.eu

ATM 243

ATM Leadership Capital Online 243

PYMNTS

DECEMBER 10, 2020

Ascena Retail Group Inc. The arrangement would keep the company as a going concern with a minimum of 900 retail locations, the newspaper reported. 8) he would give the go-ahead to the sale of most of the retail group’s leftover property to Sycamore Partners. In July, Ascena Retail Group, Inc.

Branding 159

Branding United States Virginia Retail 159

PYMNTS

JULY 23, 2020

Ascena Retail Group, Inc. The retailer and “certain of its subsidiaries” have come to a restructuring support agreement (RSA) with more than 68 percent of secured term lenders, according to a Thursday (July 23) statement.

Virginia 140

Virginia United States Retail Operations 140

PYMNTS

NOVEMBER 8, 2019

Brick-and-mortar retailers are teaming with logistics firms to test drones for delivery — and making progress on their experimental flights. A remote operator monitored them and could step in if needed.) The pop-up shops will be in the pharmacy chain’s retail locations in 44 states starting this Friday and through the end of December.

Retail 101

Retail New York North Carolina Virginia 101

BankUnderground

APRIL 28, 2023

Mahmoud Fatouh Small banks tend to have more specialised business models, likely focusing on commercial and retail banking activities, and show limited interconnectedness to other financial institutions. Although capital standards existed before 2010, they were significantly weaker.

Capital 84

Capital Lending US Data 84

PYMNTS

JUNE 8, 2020

Founded in 1984, BinDawood operates 73 stores across Saudi Arabia with 10,000 employees. The company’s retail revenue exceeded $1 billion in 2019. Bloomberg reported that BinDawood is working with Goldman Sachs Group Inc., GIB Capital and NCB Capital on the IPO. a hospital operator that raised 2.63

Massachusetts 130

Massachusetts Capital Retail Operations 130

PYMNTS

NOVEMBER 23, 2020

while the Competition Commission of India (CCI) gave the go-ahead to a deal between Reliance Retail and Future Group. billion arrangement between the nation’s two retail giants — Future Group and Reliance Retail — even with protests by Amazon. In today’s top payments news around the world, Western Union Co.

Payments 184

Payments Google Retail Groups 184

PYMNTS

JANUARY 6, 2020

Another group of Singaporean businesses, Beyond Consortium, has thrown its hat in the ring to apply for the country’s digital bank licenses. The businesses in Beyond Consortium represent a variety of business types including real estate, construction, mass transport, insurance and retail. Ant has a capital commitment of $100 million.

Digital Banking 130

Digital Banking Groups Capital Industry 130

PYMNTS

APRIL 7, 2017

This week, the two countries were the only markets that landed on the B2B venture capital board, with funding landing at SaaS, Big Data and procurement startups across a range of industries, from corporate social media management to marijuana procurement. PYMNTS breaks down the $24 million in venture capital raised. Back in the U.S.,

social media 109

social media Big Data Capital Data 109

PYMNTS

MAY 11, 2020

In a move that reportedly allows for business continuity, Neiman Marcus Group said in a statement that it has received interim court approval for all of its first-day motions regarding its voluntary Chapter 11 proceedings filed on May 7. The statement comes as news surfaced that Neiman Marcus had filed for bankruptcy.

Retail 142

Retail Groups Policies Cards 142

PYMNTS

MARCH 22, 2018

One retailer’s loss could be another retailer’s gain: Even though Toys R Us is facing bankruptcy, other retailers may benefit from the embattled toy retailer’s demise. Amazon could take over some of Toys R Us’ stores, which may be soon vacant as the retailer winds down its operations. Retail Group.

US 139

US Retail Branding Examples 139

PYMNTS

SEPTEMBER 28, 2020

has completed its Chapter 11 bankruptcy protection process and emerged from one of the highest-profile retail collapses since COVID-19 began, the Dallas-based company disclosed. We emerge from Chapter 11 as a stronger, more innovative retailer, brand partner and employer.”. Neiman Marcus Holding Company Inc.

San Francisco 139

San Francisco New York City Houston Dallas 139

PYMNTS

JANUARY 18, 2021

Last week, Grab announced that its Grab Financial Group had raised $300 million in a Series A funding round led by Hanwha Asset Management and joined by K3 Ventures , GGV Capital , Arbor Ventures and Flourish Ventures. Founded in Malaysia in 2012, Grab is also known for its popular ridesharing and delivery services.

Fintech 198

Fintech US Groups Management 198

PYMNTS

MAY 26, 2017

The most recent addition to the HighJump global family is Woolworths Proprietary Limited, the operating entity of Woolworths Holdings Limited, a leading Southern Hemisphere retail group headquartered in South Africa. Woolworths’ stores are brick-and-mortar retailers selling food, clothes, homeware, gifts and more.

Retail 115

Retail Operations Online Software 115

PYMNTS

DECEMBER 30, 2020

Highlighting the increasing interest in this startup space is this week's B2B venture capital roundup, which recaps the final two weeks of 2020 in B2B FinTech investments. Investors at BEENEXT and Anthemis Group led the round, which also saw participation from Alto Partners Multi-Family Office and Zenius Education CEO Rohan Monga.

Capital 211

Capital Management Operations Security 211

PYMNTS

JANUARY 7, 2019

According to the South China Morning Post , the company, backed by Fung Retailing Group, will open most of the newest locations in China, and is also considering Indonesia, Vietnam and Cambodia. It currently operates more than 550 stores in the region. “We This follows Toys R Us shuttering all of its U.S.

US 149

US United States Regional Operations 149

PYMNTS

MARCH 31, 2020

As social distancing and stay-at-home orders continue due to the escalating COVID-19 pandemic, Simon Property Group has furloughed about 30 percent of its workforce, or about 1,200 to 1,400 people, according to a report on Tuesday (March 31) in CNBC. The retail industry has been hit especially hard by the pandemic. billion in debt.

Indianapolis 150

Indianapolis Texas Retail Groups 150

PYMNTS

MAY 22, 2020

The data painted a dark picture for Main Street retail this week, with a new Facebook & Small Business Roundtable study showing that over 30 percent of small to medium-sized businesses have either failed or don’t see a way forward due to the pandemic. The federal role will extend beyond capital,” Katz noted.

Maine 138

Maine Philadelphia Community Groups 138

PYMNTS

OCTOBER 30, 2020

million in total funding raised, it was a relatively promising week for B2B FinTechs on the venture capital front. B2B retail technology startup Arzooo , based in India, secured $7.5 Investor WRVI Capital led the round, while existing backers 3Lines Venture Capital, Jabbar Internet Group and others contributed to the round.

Capital 160

Capital Lending Technology Retail 160

PYMNTS

MAY 29, 2019

A group of investors has acquired Sureswipe , a South African payments company, for an undisclosed amount. However, all three entities will operate separately. The investors were led by Apis Partners LLP and FinTech investor Crossfin Technology Holdings. We believe each provides a distinctive client solution.

Cards 162

Cards Fintech Retail Operations 162

PYMNTS

JUNE 10, 2020

Simon Property Group (SPG) has abandoned its $3.6 In a complaint filed with the Oakland County Circuit Court in Pontiac, Michigan, Indiana-based Simon Property Group said it is suing Taubman Centers for violating terms of the deal. billion purchase of Taubman Centers Inc. By midday, Taubman’s stock was down by nearly 22 percent at $35.42

Michigan 131

Michigan Oakland Indiana Survey 131