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Tandym adds retailers for rewards programs

Payments Dive

The private label digital credit card company is stacking up online retail customers, with plans to add debit options and in-store clients this year.

Retail 459
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Reliance Industries Weighs Purchases Of Retailer, Delivery Companies

PYMNTS

India’s Reliance Industries is in talks to buy online furniture retailer Urban Ladder in a transaction valued at as much as $30 million, the Times of India reported on Monday (Aug. The paper said Reliance has been on a buying spree of late, and is also in talks to buy a company called Milkbasket that delivers to homes.

Industry 199
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Luxury Retailer Mytheresa's Parent Company Files For IPO

PYMNTS

parent company of luxury online retailer Mytheresa , announced that it's filed a registration statement with the SEC for an initial public offering (IPO), according to a press release. Bloomberg wrote earlier this year that those with knowledge of the matter said the company was looking at a valuations of $1 billion to $1.5

Company 159
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Today In Retail: Resale Company StockX Lands $275 Million For Growth; Rite Aid Reports 12 Pct Revenue Increase

PYMNTS

In today’s top retail news, StockX has landed $275 million in a Series E funding round, while Rite Aid Corporation reported as part of its fiscal 2021 third quarter results that revenues rose by 12 percent. Fashion Retailer rue21 Strikes Deal To Retire Debt. Clothing retailer rue21 (r21 Holdings, Inc.) million members.

Retail 226
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Retailers Using Chapter 11 To Break Lease Agreements

PYMNTS

Companies that have filed for Chapter 11 bankruptcy are using the court protection to end long-term lease agreements early and close thousands of stores, reported Bloomberg. If this becomes a tsunami of retailers rejecting their leases, it’s going to trigger another part of the sea change — the mortgages held by the landlords.”.

Retail 354
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Today In Retail: Birkenstock Might Sell To CVC; Cognira Releases AI Suite For Retail

PYMNTS

In today’s top retail news, Birkenstock is said to be in discussions for a sale to CVC Capital Partners, while Cognira has released its AI Promotion Solution. The European shoe company could reportedly be valued at more than 4 billion euros (roughly $4.8 Cognira Rolls Out AI Promotion Suite For Retailers.

Retail 239
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Forrester finds financial companies top retailers in customer experience

Bank Innovation

For the second consecutive year, Navy Federal Credit Union and USAA topped Forrester’s Customer Experience Index across industries, ahead of retailers like Lexus, QVC, Zappos and Amazon. Although banks are not known for exceptional customer service, a Forrester Research survey released this week shows they’re making progress.