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New RadioShack Owner Looks To Turn 'Fallen Angels' Into eCommerce Stars

PYMNTS

When Miami-based Retail e-Commerce Ventures (REV) recently announced that it purchased the remains of twice-bankrupt RadioShack , it wasn’t some one-off strategy to acquire distressed assets for pennies on the dollar. It’s a plan the company describes as “transforming well-known, distressed retail brands into eCommerce success stories.”

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Retail Pulse: FAO Schwarz To Open New Flagship; Amazon Expands Grocery Delivery

PYMNTS

Brick-and-mortar retailers have closed flagship locations in recent times, but sometimes these landmark stores make a comeback. The new store, which will be located at 30 Rockefeller Plaza, will feature multiple experiential retail components. While $134 million worth of debt comes due for Sears on Monday (Oct.

Retail 116
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Deliverr Raises $7.1M In Venture Funding Led By 8VC

PYMNTS

According to reports citing the company, the Series A round of venture funding was led by 8VC, the venture capital company. Deliverr has ten warehouses in states including Texas, Missouri, Pennsylvania, Ohio, and New Jersey. million in a round of venture funding. Deliverr doesn’t own the warehouses, noted the report.

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Walmart Adds Two Global Governance Leaders To Support Financial Services

PYMNTS

Emma Waddell will join the company as vice president of financial services compliance, while Joe Rodriguez will serve as lead counsel of financial services, per news from the retailer. “As eCommerce and the compliance teams in its international markets. Department of Justice.

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‘Costco For Millennials’ Attracts Big Investors

PYMNTS

A popular eCommerce retailer, which has been called the “Costco for millennials,” is attracting potential investors, according to The New York Post. With warehouses in New Jersey, Dallas, Las Vegas and Atlanta, Boxed offers bulk-sized products similar to those found at big warehouse retailers like Costco Wholesale.

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Popular Bank Named Among First Investors of NWK FAM Fund

PopularBank

The new investment vehicle aims to economically empower Black and Latinx business owners throughout the City of Newark. NWK FAM Fund Seeks to Narrow the Wealth Gap in New Jersey. Backed by prominent Black and Latinx investors, NWK FAM Fund aims to raise $100 million total in investible capital. John Harmon. Carlos Medina.

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Affirm Confirms $200M Investment Round

PYMNTS

In the latest round, GIC was joined by Khosla Ventures, Spark Capital, Lightspeed Venture Partners, Founders Fund and Ribbit Capital, among others. In April, Affirm reported it had processed more than 1 million consumer installment loans made by Teaneck, New Jersey-based community financial institution Cross River Bank.