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Sam’s Club Suddenly Closes 63 Stores

PYMNTS

But the membership-only retailer said it had closed the stores following a “review,” according to news from Reuters. After a thorough review of our existing portfolio, we’ve decided to close a series of clubs and better align our locations with our strategy,” the retailer wrote in a tweet. Walmart’s shares rose 0.5

Alaska 109
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CFPB: Are They Coming to Get You?

Jeff For Banks

According to my firm's profitability peer group, a branch with $74 million in average deposits made a mere pre-tax profit of three basis points. The average operating cost to originate and maintain an unsecured personal loan is $287 (again, according to my firm's profitability outsourcing service peer group).

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Wells Fargo’s Q2 Disappoints After Scandals

PYMNTS

The current quarter included a 10-cent per share income tax expense. . Wayfair, which impacted how states may collect taxes on sales made by out-of-state sellers. . The San Francisco-based bank had a total of 5,751 retail branches by the end of the second quarter, citing 114 branch consolidations during the first half.

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‘Stranger Things’ And Starcourt Mall Teach Us About Big Tech And Innovation

PYMNTS

Unfortunately, caught up in the “Big Tech is bad” frenzy , they seem to be ignoring the innovations those platforms have created – all of them – which democratize the retail field of play to be more inclusive of small merchants in ways that were never before possible. Taxes and other measures put in place years earlier were even rolled back.