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Retail Lease Defaults Have Ripple Effect

PYMNTS

A letter from President of Stores Jamie Nordstrom to landlords on Friday showed that the company would use same-store comparisons as the basis for its decision to make its lease payments. It is now rumored to be bidding for another troubled tenant, bankrupt clothing retailer Lucky Brand Dungarees. In April, Gap Inc.

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How Mom-And-Pop Pizzerias Can Tap Into Digital Orders

PYMNTS

Through platforms such as Slice , small pizzerias can tap into technology that allows their customers to order pizza online for pickup or delivery — just like the larger national chains. By comparison, Sela said 60 percent of the big pizza chains’ business is digital, leaving room for small pizzerias to grow their digital order base.

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Real Estate Watch: Simon Property Group Unleashes The Lawyers

PYMNTS

However, according to the real estate trade site The Real Deal, those lawsuits pale in comparison to the Gap. According to The Real Deal, “In June, national chain retailers paid 68 percent of their rent, according to a report from Datex Property Solutions. Stern likes what Ingka Group, operator of IKEA stores, is doing.

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Using Machine Learning For Deposit Tiering

South State Correspondent

A bank can modify its tiers all it wants, but that effort pales in comparison to making sure you are driving the right product mix or having competitive products. Over time, as customers use more products or learn more about the bank’s brand, rate promotions can decrease, thereby “training” them to be less interest rate sensitive.

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A Game Of Margins — Making The Move To Fulfillment By Amazon

PYMNTS

Amazon really has no close competitors in the space: Even the marketplace operated by retail rival Walmart does not offer any such services. New Orleans artist Stephanie Kauffman, who operates a customizable candle business called Mose Mary and Me , is engaged in a debate with herself about whether to employ FBA. FBA and Candles.

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Data Dive, The Bad, The Worse And The Ugly Edition: Store Closures, Coronavirus And Bitcoin

PYMNTS

By comparison, 2019 saw 9,200 stores closed as brands like Payless ShoeSource, Fred’s, Gymboree, Charlotte Russe, Family Dollar, Forever 21 , Charming Charlie, Sears, Kmart, A.C. And of course, the new year is roughly only a month old. Moore and GameStop either closed down entirely via bankruptcy or radically reduced their footprint.

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Data Dive, Go Big Edition: Apple, Amazon And CloudKitchens

PYMNTS

Early accounts seem to indicate that the just-launched Apple -branded credit card is finding its way into customers’ hands, and into heavy use. The fee-free card is Goldman Sachs’ latest inroad into the retail consumer business after establishing its online Marcus brand in 2016, which makes unsecured personal loans.

Apple 101