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The Gap Sets Out Digital-First Strategy

PYMNTS

The Nike retailing model has shown itself again as The Gap announced Thursday that it will close underperforming stores, focus on the digital-first economy and exit its mall locations. As Macy’s CFO Felicia Williams told a retail conference in September: “Our intention is to change the composition of our store base.

Strategy 150
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CRE loan distress: Spot the symptoms, diagnose, and treat problem loans

Abrigo

CRE is now arguably the riskiest asset class due to a perfect storm of: Systemic changes in the way we utilize real estate (not just office, but retail, housing, and other sectors). A wave of pending maturity events ($2 trillion of CRE loans are reported to mature in the next years). Inflationary impacts on costs of various inputs.

Strategy 221
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Here Are 15 of the Best Deposit Marketing Campaigns Ranked

South State Correspondent

Consider that many banks have one person in their marketing department, and then they task that person with managing events, merchandise, and brand building. Build a campaign to acquire new customers or, at a minimum, remind your current customers to save for taxes, incentive compensation, emergencies, or any number of other items.

Marketing 195
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Wealthfront FinTech Rolls Out Debit Account Capability

PYMNTS

With the Wealthfront mobile app, customers with direct deposit can get paid up to two days early, as well as set up direct deposit for other payments like a tax refund or company expenses. The demand to move to digital financial services has been greatly accelerated by recent events like nationwide shelter-in-place orders due to Covid-19.

Fintech 151
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Saving Main Street: Cities Pick Up The Recovery Role

PYMNTS

While they will lack the sheer financial clout of federal assistance, they are starting to offer strategies beyond capital infusions that will assist in restarting small business when the crisis passes. Boulder, Colorado has been working on strategies to help downtown retailers since before the coronavirus crisis.

Maine 141
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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

How Banks Can Leverage: While not exactly a banking innovation, banks can better allocate capital to COIs. Each store is closer to an art exhibit than a retail outlet. It’s amazing how the Company chooses creativity and storytelling over the rules of what a retail experience should be.

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10 Data-Driven Ideas To Increase Branch Engagement

South State Correspondent

For others, it might be fixing problems, aiding in retention, increasing customer satisfaction, gathering customer intelligence, or providing a meeting place for face-to-face interaction for events. Banks should have a clear and stated set of measurable objectives for their branches and then allocate capital accordingly.

Data 195