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Mattel Sees 10 Pct Jump In Net Sales As Homebound Consumers Buy Toys

PYMNTS

Mattel has reported a surprising jump in quarterly sales, with more growth hoped for in the holiday season, as retailers rushed to stock shelves with toys for parents ready to buy things for their children, Reuters reports. million, marking the brand's largest quarterly sales since 2003, Reuters writes.

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BigCommerce Increases IPO Pricing Window To $21-$23 Per Share

PYMNTS

BigCommerce Holdings, which was started in 2003 and is based in Austin, Texas, registered $120 million in revenue for the 12-month period that concluded on March 31. The bookrunners on the arrangement are Barclays, KeyBanc Capital Markets, Jefferies and Morgan Stanley. It plans to go public on the NASDAQ with the ticker of BIGC.

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Metro Cash And Carry Launches App To Help India Shops Digitize

PYMNTS

The Indian arm of German retailer Metro Cash and Carry has announced the launch of an app for kirana stores, allowing retailers to order stock, keep a check on inventory, and facilitate payments directly from their smartphones.

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Mastercard Selects New President For European Operations

PYMNTS

Mastercard’s European businesses cater to more than 950 million people via business partnerships with retailers, financial institutions (FIs) and other companies. Barnett brings to his new role a deep understanding of emerging payment technologies and 20-plus years of retail banking and payments industry experience, per the announcement.

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Will customers tell Barclays to frack off?

Chris Skinner

America’s biggest banks haven’t seen much change to their market share in the last decade, and UK banks have just been getting bigger. In 2003, the big four banks owned 63% of the deposit account marketplace. But equally, you wonder why the big banks retain these market shares when they are often name-shamed by angry customers.

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Yotpo Joins UPS eCommerce Tech Program For SMBs

PYMNTS

Yotpo, the New York-based eCommerce marketing platform, has been selected as a partner by the UPS Customer Technology Program ( CTP ) that promises to provide small and medium-sized businesses (SMBs) with access to customer reviews, visual marketing, loyalty and referrals, the company announced. Terms of the deal were not disclosed.

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J. Crew’s Longtime CEO Stepping Down

PYMNTS

J.Crew’s longtime leader Mickey Drexler is stepping down as the company’s chief executive as the retailer struggles with a prolonged sales slump and hefty debt load. Drexler, who has been CEO since 2003, will continue to serve as chairman. Brett joined West Elm, a furniture retailer owned by Williams-Sonoma Inc.,

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