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Goldman Sachs Celebrates First Retail Year and Its Online Deposit Platform

PYMNTS

After a full year in service, Goldman Sachs Bank USA is celebrating its first full year in retail and its online deposit platform’s success. Since its inception a year ago, the online deposit platform, which Goldman Sachs purchased from GE Capital Bank, has garnered $4 billion deposits without a major marketing push.

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How Digital Innovators Capitalize On Subscription Businesses

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Some providers are capitalizing on the concept by launching new services that offer access to premium content such as newspapers and magazines in exchange for a monthly fee. It would now include some 300 magazines — not only newspapers — for a monthly fee of just under $10 at $9.99.

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Retail Reinvention: Why Retail Doesn’t Need Salespeople

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Even if there were a trustworthy way to send money over the internet — which there isn’t — the network is no substitute to the essential ingredient of capitalism — salespeople.”. Take retail salespeople — Stoll’s self-proclaimed cornerstones of capitalism. Do our computer pundits all lack common sense?” Stoll continued. “No

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Guitar Center Troubles Aside, Pandemic Tunes Musical Instrument Sales

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A pandemic-fueled surge in people wanting to learn how to play guitar and piano has given the country’s largest retailer of musical instruments a second chance at life, as investors and creditors have signed on to a plan that will allow 500 Guitar Center stores to emerge from bankruptcy. In announcing the plan, which cuts its $1.3

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AdoreMe: Giving Lingerie A High Tech Touch

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Lucaciu is the chief technology officer of Adore Me , an eCommerce and brick-and-mortar retailer that has adjusted to disruptive changes in its market, including the bankruptcy of the parent company of Victoria’s Secret. We’re focused on capital efficiency,” he noted. “We Lucaciu’s goal is for Adore Me to be the Zara of lingerie.

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Bulletin: A Cheaper Way To Sell In-Store

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Bulletin — described as “WeWork for retail” — opened its second New York City retail space this week while also raising funds in anticipation of opening additional NYC locations as well as eventually branching out to other cities.

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Brinker CEO Sees Permanent Shifts In QSRs, Fast-Casual

PYMNTS

With the National Restaurant Association projecting up to $240 billion in losses by the end of this year, larger players with access to capital and logistics are going deep with partnerships and product offerings, catering to those who are avoiding unnecessary contact, but still crave hot food. . Tasty Experimentation .

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