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Amazon And Walmart’s Battle For Consumer Retail Spend

PYMNTS

But in other ways, it was business as usual, as the two biggest retailers in the world – Walmart and Amazon – posted stellar earnings numbers and competed in more muted ways for the U.S. percent of total consumer spending in Q2 (spanning all categories, including retail) and 9 percent of total retail spending. That’s up from 9.6

Retail 249
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Fleet Feet: Running Shoe Retailer Sprints With Technology

PYMNTS

Americans are exercising through the pandemic. The pandemic seems to have had a strong positive impact on participation in the entire sport of running,” Fleet Feet’s Director of Retail Experience Matt Werder told PYMNTS. Just ask Nike or Peloton , who have racked up impressive usage and revenue KPIs over the past few months.

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CA DFPI exercises its new enforcement authority against coding school’s income-based deferred tuition agreement

CFPB Monitor

(Lambda offers California students the option to defer tuition through income-based retail installment contracts. Lambda discontinued ISAs for California students as a condition of receiving approval to operate from the California Bureau of Private Postsecondary Education in August 2020.).

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CarLotz Gets Go-Ahead From Its Shareholders For Merger With SPAC

PYMNTS

million in its February 2019 initial public offering (IPO) and following exercise of the underwriters’ over-allotment option. CarLotz is a “used vehicle consignment and Retail Remarketing business,” according to the announcement. The company landed $305.6 CEO and Co-founder Michael Bor said in an announcement at the time.

Exercises 200
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Lululemon CEO: ‘We’re Building More Stores’

PYMNTS

Don’t tell retail executive Calvin McDonald that construction of brick-and-mortar stores is a thing of the past. McDonald said unlike some of its competitors, the upscale retailer is still in its infancy when it comes to growth. “We He told Bloomberg that he hopes the move pays off as some retailers vacate prime spots. “We

Exercises 176
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Simon Property Group Looks To Raise $300 Million For Shell Company

PYMNTS

The move comes as the retail industry is reeling from a double blow: fallout from the pandemic and the great shift of consumer buying to online sales. A SPAC, or blank-check company, has no commercial operations, but is formed to raise cash and go shopping for an existing company or companies to acquire.

Groups 139
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Homebound Consumers, Connected Fitness Revs Up Peloton Earnings

PYMNTS

CEO John Foley said he was in no rush to reopen the company’s 100 retail showrooms. “We We are going to be able to be a little bit more cautious because our retail folks are actually adding value from home helping out with member experience and inside sales,” he said. But we are committed to retail. percent year-over-year.

Exercises 159