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Brand Differentiation – How One Bank Is Producing 132% Profit Growth

South State Correspondent

If your bank struggles to create a clear value proposition and brand differentiation, then we have a case study for you. In 2021, Nubank spent around 4% of revenue, according to their financials, in marketing which is materially below the 7% target for most banks. Brand Differentiation Step 1: Build an Employee-Centric Culture.

Branding 221
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Dunkin’s ‘Flexible Operating Model’ Offers Delivery, Pickup, Drive-Thru Amid COVID-19

PYMNTS

As it worked to provide its customers with off-premise options amid the coronavirus pandemic, Dunkin’ Brands reported that about 90 percent of Dunkin’ U.S. has a “flexible operating model” where it can keep providing delivery, curbside pickup, and drive-thru where in-restaurant dining is not permitted. International Markets.

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Sequoia Could Put $7.2 Billion Into Auto1 With IPO Approaching

PYMNTS

DN Capital was one of the early backers of Auto1, investing in the company in 2013, just a year after the company founded, Bloomberg noted. The company plans to put three-quarters of the money it raises back into its business, including the Autohero brand. Auto1 announced its plan to go public last week.

Capital 234
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Etsy Spends $275M To Expand Into Music Instrument Market

PYMNTS

Once the transaction closes, Reverb will continue to operate as a standalone business. Vibrant two-sided marketplaces are lightning in a bottle — there are only a handful of them operating at scale — and Reverb is one,” said Etsy CEO Josh Silverman in a press release. We’ve always found inspiration in Etsy.

Marketing 109
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Kering To Debut Its Own eCommerce Sites

PYMNTS

Kering is gearing up to offer its own luxury eCommerce sites within the next two years, ending existing joint-venture efforts and bringing such operations in house, reported Reuters. By 2020, Kering will bring full control of its luxury brands online through its own internal activities, which include building tech teams, said Reuters.

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Jeans Maker True Religion Files For Chapter 11 Bankruptcy

PYMNTS

Premium jeans brand True Religion has filed for bankruptcy for the second time in three years, according to court filings. True Religion was acquired for $824 million in 2013 by London-based capital investment firm TowerBrook Investment Partners, and ended up filing for bankruptcy in 2017.

Delaware 160
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Tapping The Power In The Plus-Size Apparel Market

PYMNTS

I don’t see enough brands that are really breaking boundaries for plus-size fashion, that are actually designing for plus-size bodies, or for a diversity of shapes,” Kat Eves, a Los Angeles-based stylist who works exclusively with plus-size men and women, told The Wall Street Journal. But The Limited didn’t want it.

Marketing 135