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Pandemic Continues To Dull Allure Of Luxury Goods

PYMNTS

Despite some signs of improvement this month, LVMH , the world’s biggest luxury goods group, admitted that its brick-and-mortar sales were erased by lockdowns across Europe and the United States in recent months, and that an immediate turnaround was unlikely. “We Could the online surge help luxury goods? billion in 2019.

Branding 246
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Razer Gaming Company Teams With Visa For Online Payments

PYMNTS

The region is also the home to more than 213 million millennials. Together, Visa and Razer FinTech have the opportunity to transform the payments experience for not only the gaming community, but many of Southeast Asia’s unbanked and underserved consumers as well,” said Chris Clark, Visa’s regional president for Asia Pacific.

Company 100
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Philly Mall Owner Sets The Tone For Digital 3.0

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Called sMALL Surprises , the curated box of goods from several of PREIT’s mall properties is a nod to subscription-based boxes, as well as one of the first examples of a REIT acting as an online vendor. Twenty-eight percent of PREIT’s portfolio consists of local and regional tenants.

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Amazon Pay Gets Its Alternative Wings

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“Amazon is also one of the most trusted brands in the industry.” The company also allows for 70 different currencies from regions around the globe, including Brunei, Aruba, Hong Kong, Haiti and others. Retailers could potentially be resistant to the push, however, because some might view the company as a threat.

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Kroger Gains Traction In Multiple US Markets

PYMNTS

In multiple large metropolitan areas of the United States, market share data indicates that Kroger is gaining traction. The grocer operates Kroger stores along with regional brands such as Fry’s, King Soopers and Harris Teeter, Cincinnati.com reported. billion in grocery sales last year in the region.

US 100
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Trending: FIs Use AI To Challenge Challenger Banks

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British challenger bank Monzo is among those moving into new product segments following its recent launch into the United States, announcing a partnership with AXA partners to provide travel insurance to its users. Banks both new and old are looking to launch additional products aimed at keeping customers away from their competition.

Trends 194
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How The Toy Industry Is Growing Around The World

PYMNTS

In terms of regions, Mexico saw the most toy industry growth at 15 percent for the first half of the year. Brazil and the United States closely followed, with 11 percent and 7 percent growth respectively. And brands have helped to fuel that strong growth. Growth in the United States.

Industry 102