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Sneaker Sales Propel 3Q Surge In Under Armour Earnings

PYMNTS

"Our third-quarter results reflect considerably better than expected performance due to higher demand and our strong execution, especially in North America. The brand is also making moves to reel-in the number of brick-and-mortar locations that carry the Under Armour line. . The Asia-Pacific region saw a 15 percent jump in sales.

Baltimore 219
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American Brands Are Bullish On Retail Expansion In China

PYMNTS

Brands from L Brands — which counts Victoria’s Secret in its portfolio — and Ralph Lauren , as well as Starbucks , are bullish on China. Here are their executives on how they plan to build their brands in the country. First, it started with Tmall Global, shipping from North America with a lead time of 14 days.

Branding 101
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A Guided Tour Of Payments In Latin America

PYMNTS

Latin America is a land of opportunity, but it also presents challenges that demand an on-the-ground understanding of commerce and transacting within the various countries and cultures that it comprises. Operating locally can give a payments service provider a distinct advantage. WHY GOING LOCAL MAKES A DIFFERENCE.

America 100
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US Liquor Sales Rise, But Not Enough To Offset COVID-Related Global Revenue Decline

PYMNTS

By region, Diageo’s Asia sales saw the biggest drop at 16 percent. The company attributed that to the fact that many countries in that region not only shuttered bars and restaurants, but also liquor stores. However, not all regions showed declines: North America bucked the trend and saw its sales rise 2 percent.

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Simon Properties Dodges Amazon Questions

PYMNTS

By the numbers, America’s largest mall operator reported net income for the second quarter at $254.2 Funds from operations (FFO) was $746.5 As expected, both domestic and international operations were hit hard by reduced lease income and ancillary property revenues as a result of the pandemic. million a year ago.

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Groupon Teams With DerbySoft To Boost Its Travel Business

PYMNTS

The move paves the way for the Groupon Getaways travel business to work with more of the leading hotel brands around the globe, expand its ability to access room availability, see nightly rates and book reservations directly. and around the globe via the Groupon Getaways North America marketplace.

Las Vegas 109
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Why L’Occitane Bought Elemis

PYMNTS

Earlier this week, Hong Kong-listed luxury cosmetics firm L’Occitane International SA announced its intended $900 million acquisition of British beauty and skincare brand Elemis. The deal is the latest in a spate of acquisitions of high-end skincare brands. billion), while Unilever snapped up Carver Korea Co. billion euros ($2.5

Branding 123