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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.

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2021 GonzoBanker Awards

Gonzobanker

Gonzo readers, 2021 was just plain schizophrenic. 2021 fintech investments, merger activities, and overall focus were off the charts. Two, read and enjoy the 2021 GonzoBanker awards, our annual take on the best things we saw during the year. So which merger was the best in 2021? Doug Larson. THE BANKER AWARDS.

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Why 2021 Is No Sure Bet For An SMB Rebound

PYMNTS

As 2020 limps toward its exhausting conclusion, get ready for a massive rebound in 2021 — for consumer spending , for small- to medium-sized businesses’ ( SMBs ’) top lines, and for the U.S. I actually think that 2021 may not be a good year — I’ll be blunt in saying that,” he told Webster. economy in general.

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Today In Retail: CarLotz Gets Green Light From Its Investors For Merger; PriceSmart’s Net Merchandise Sales Climb 7.7 Pct

PYMNTS

In today’s top retail news, CarLotz, Inc. percent rise in net merchandise sales from Q1 fiscal 2020 to Q1 fiscal 2021. Plus, Family Video said this week that its closing all of its physical retail locations. the warehouse club company, reported as part of its Q1 fiscal 2021 operating results that net merchandise sales rose by 7.7

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Jeff Bezos’ Top Lieutenant To Retire In 2021

PYMNTS

21) he will retire in the first quarter of 2021. His replacement as CEO of worldwide consumer will be David Clark, now senior vice president of worldwide operations. We got to see how the physical operations connected to our digital store, and I got to personally inspect our safety culture.”. It’s just time,” Wilke wrote.

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Physical And Digital Retail Unite For The New In-Store Experience

PYMNTS

Now there are signals that a physical retail rebound is forming up. presidential election in the rearview mirror and 2021 right around the corner, a new shift is underway: the slow but certain move back to shopping inside retail stores — an experience that people still crave for the experiential joy it brings. With the U.S.

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Consumer Sessions at CISCO Live 2021

Cisco

Get ready to TURN IT UP at our all-digital Cisco Live 2021. Join us for our engaging industry sessions across financial services and retail. All financial services and retail session are future focused; taking the lessons learned from 2020 and building toward a more sustainable and inclusive future.