article thumbnail

Commercial Landlords Pinched As Retailers, Theaters, Gyms Skip Rent Payments

PYMNTS

As property executives report their quarterly earnings, some landlords are starting to put the squeeze on retailers that have skipped rent payments as a means to survive pandemic-triggered lockdowns. On the flip side, some 98 percent of footwear retailers paid rent last month, and 96 percent of craft stores paid.

Retail 152
article thumbnail

The Old Guard Vs. The New Wave In Retail

PYMNTS

Last week, Sears CEO Edward Lampert got personal as he went into detail about the retailer’s continuing woes and the challenges it (and many other “old-line” retailers like it) face in a rapidly changing industry. According to a new projection from National Retail Federation, retail sales are estimated to grow just 3.1

Retail 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Forever 21 Files For Bankruptcy; Plans To Exit Asia, Europe

PYMNTS

The filing will allow the retailer to continue operating while it attempts to reorganize the business and return to profitability. It will continue operations in Mexico and Latin America, the article said. is expected to reach $64 billion by 2028, according to the retail analytics firm GlobalData , CNBC reported.

Retail 148
article thumbnail

Fresh Opening For eBay Comes Amid Amazon Woes

PYMNTS

Thanks to Amazon and sales tax , eBay is reportedly enjoying a fresh opening in Australia. site, which sells some goods at higher prices,” according to a Reuters article on Thursday (July 19). site, which sells some goods at higher prices,” according to a Reuters article on Thursday (July 19). Taxes aren’t helping, either.

Taxes 100
article thumbnail

Why eCommerce Loves Ohio

PYMNTS

When you think of the future of online retail, you may get a vision of innovative online retailers at a startup in Silicon Valley or the hip streets of NYC or L.A. But, in actuality, if you want to see what the future of online retail looks like, you might need to look to Ohio. commented to CNBC. commented to CNBC.

Ohio 100
article thumbnail

How to Cash in U.S. Savings Bonds and Report Taxes on Interest Earned

MyBankTracker

That is, it can feel like a windfall of cash – until, that is, you realize you need to report taxes on the interest earned. Still, while the tax part may not be loads of fun, it’s always nice to end up with some unexpected cash. savings bonds that were issued on paper or electronically, and how to report it on your taxes.

Taxes 52
article thumbnail

Four Ideas on Bank Retail Investment Sales

Jeff For Banks

The report, as cited in the article , (via @CUInsight) stated credit union investment revenues equated to $360 per million in share deposits, and that number was 21% greater than in banks, implying bank reps achieve $298 per million in deposits. What do you think is lacking in bank / credit union retail investment sales programs?

Retail 86