PYMNTS

JUNE 24, 2020

The retailer, along with Harbin Pharmaceutical Group Holding Co., Additionally, the retailer has secured roughly $130 million in further liquidity. GNC foresees that it will speed up the shuttering of at least 800 to 1,200 retail locations. At that time, improved bids can be brought forward.

Retail 186

Retail Strategy Branding Security 186

PYMNTS

JANUARY 11, 2017

Lynch, the onetime chief executive of Frederick’s of Hollywood, have joined forces to provide a new avenue for funding to retailers. According to a report by Bloomberg , the two are making the move to capitalize on an overhaul of shopping malls. It’s also aiming the funding at struggling retail chains.

Capital 100

Capital Lending Retail Industry 100

PYMNTS

MARCH 12, 2020

Quick: Who’s the biggest retailer in the U.S.? In terms of sheer size and locations, the United States Postal Service (USPS) is the biggest retailer in the country, with 31,000 locations covering pretty much every town. Now, a new report is asking a good question: What if the post office expanded its retail offerings?

Retail 169

Retail US Survey Examples 169

PYMNTS

JANUARY 7, 2021

In today’s top retail news, Walgreens Boots Alliance, Inc. reported that its Retail Pharmacy USA segment had $27.2 Walgreens Retail Pharmacy USA Reports $27.2 reported as part of its Q1 fiscal 2021 earnings that its Retail Pharmacy USA segment had $27.2 Billion In Sales. Walgreens Boots Alliance, Inc.

Retail 172

Retail New York City New York Texas 172

PYMNTS

JUNE 4, 2020

All eyes in the retail sector are now on Simon Property Group , as the mall giant hauls The Gap into court for failing to pay rent amid the coronavirus shutdown. However, The Gap, like many other retailers, has seen its revenue fall off a cliff since March, when the clothing retailer was forced to shutter stores across the country.

Groups 132

Groups Delaware Retail America 132

PYMNTS

JANUARY 31, 2019

Central Group, Thailand’s largest retailer, confirmed Thursday (January 31) that it is investing $200 million in a unit of Grab, the Southeast Asia ride-hailing startup. According to Reuters , citing a statement by Central Group, the retailer said it will “acquire a significant non-controlling stake” in the Thailand unit of Grab.

Groups 108

Groups Capital Conference Retail 108

PYMNTS

MAY 22, 2020

Bad news hit the startup community this week as new analysis from CBInsights revealed a significant decline in venture capital (VC) funding in the first quarter of 2020. The company connects SMBs to invoice financing via is mobile app Bridge2Capital, targeting retail shopkeepers with a way to finance their outstanding payables.

Capital 141

Capital Analytics Fintech Report 141

PYMNTS

JANUARY 25, 2021

The National Retail Federation ’s annual convention may have come and gone but the sentiments, strategies and lessons learned from facing nearly a year of pandemic-led changes by some of the world’s largest merchants are going nowhere fast — especially when it comes to their embrace of increased digitalization. We’re not a data company.

Community 269

Community Retail Strategy National 269

PYMNTS

JUNE 3, 2020

the wear-to-work retailer for women, warned it may file for Chapter 11 bankruptcy protection as the nationwide chain has been crippled by the COVID-19 crisis, CNBC reported. The company operates more than 385 retail and outlet locations in 33 states, according to its website. Earlier this month, J.Crew Group Inc.

New York 151

New York Retail Groups Survey 151

PYMNTS

DECEMBER 28, 2020

The dreaded returns season has hit retail with a predictable but painful thud. With Mastercard putting a 49 percent tag on the eCommerce spike for the holidays, this year will be the toughest on record for handling what is a resource- and capital-intensive task. In the brick-and-mortar retail era it was a nuisance to be avoided.

Customer Experience 216

Customer Experience Retail America Branding 216

PYMNTS

MARCH 27, 2020

The divide between essential and non-essential retail grows bigger by the day as deep discounters and dollar stores continue to add stores, employees and revenue during the COVID-19 crisis. We’ve had pretty much 100 percent cancellation from all major retailers,” he said , naming Macy’s Inc., Nordstrom Inc., TJX Companies Inc.

Retail 130

Retail Capital Groups Community 130

PYMNTS

OCTOBER 21, 2020

In today’s top news in digital-first banking, Interra signed a multi-year deal with Lumin, while Australia’s Westpac Group is teaming with buy now, pay later (BNPL) company Afterpay on banking services. Westpac Group of Australia is joining forces with Afterpay to roll out its new Banking-as-a-Service (BaaS) platform to Afterpay clients.

Groups 148

Groups Digital Banking Capital Report 148

Payments Source

JANUARY 11, 2021

The retail giant is teaming with the investment group Ribbit Capital on the venture, which will aim to provide new services to Walmart customers and employees.

Retail 87

Retail Fintech Capital Groups 87

PYMNTS

NOVEMBER 28, 2018

retail outfit that sells children’s clothing, is mulling whether to shutter more than half of its 900-store base, Reuters reported Tuesday (Nov. The firm emerged from bankruptcy in 2017, and per the newswire has engaged consulting firm Berkley Research Group to explore its options. Gymboree, the U.S.

Retail 152

Retail Capital Branding Management 152

South State Correspondent

AUGUST 21, 2023

The three risks are: 1) rising funding costs to erode profitability, 2) reduced capital at small banks compared to larger banks, and 3) elevated commercial real estate (CRE) credit risks. By relying on retail CDs, banks cannibalize their lower cost of retail funding and increase their deposit beta.

Community Bank 195

Community Bank Community Capital Analysis 195

PYMNTS

MARCH 31, 2020

As recently as a few years ago, it was often difficult to get retailers to think seriously about unattended retail as an expansion or extension of their business. That shift in consumer preferences is driving an ever-expanding digitization of the physical retail experience, he noted. While that is a growth area, Layden Jr.

Retail 175

Retail New Jersey Oregon Technology 175

PYMNTS

JUNE 25, 2020

One of the new truisms of pandemic-era retail is this: If a retailer was in trouble before COVID-19 , that trouble will be magnified because of it. That “troubled” group of companies continues to struggle, seeking Chapter 11 or other financial lifelines. billion in new financing, could stabilize the company. In fact, Yahoo!

Retail 141

Retail Strategy Meeting Groups 141

PYMNTS

MAY 8, 2020

“We believe this is a critical component to getting the economy moving again, and we would like to partner with companies and entrepreneurs that can draw on our capital and expertise to stabilize and grow their business,” Bloom said, according to CNBC. Last year, over 9,000 retail stores closed in the U.S.,

Las Vegas 141

Las Vegas Retail Illinois Groups 141

PYMNTS

MARCH 12, 2020

For retailers looking at stockouts, empty stores and the worst still to come, talk of recovery might seem premature. Retailers should first understand that the most stress is likely being placed on front-line employees and, if applicable, customer service reps. “All things must pass,” as George Harrison said.

Retail 131

Retail Resources America Software 131

PYMNTS

NOVEMBER 20, 2020

Chipper CEO Ham Serunjogi confirmed on Twitter the startup, which got its initial foothold in the market as a peer-to-peer (P2P) payments service, has just wrapped up a $30 million Series B round of venture capital. Ribbit Capital, a VC firm in the U.S. million Series A round in July that featured Deciens and Raptor Group.

Fintech 332

Fintech San Francisco Capital cryptocurrency 332

BankInovation

AUGUST 26, 2021

Bank has ownership stake in two fintech-focused venture capital firms, the $558.9 The VC firms are Fin Venture Capital and Commerce Ventures, which both invest in startups that work alongside banks. David Ness, who leads the fintech engagement group, told Bank Automation News why U.S. Bank chose Fin Venture Capital […].

Capital 98

Capital Fintech Groups US 98

PYMNTS

SEPTEMBER 29, 2020

is in talks for as much as a $25 billion stake in a Mumbai, India conglomerate that is planning to launch a “ super app ” designed to offer a mega selection of retail products, sources told Mint. In May, Tata Capital, a division of Tata Group, introduced a mobile app that promised a better user experience for getting loans. “The

Groups 199

Groups User Experience Capital Retail 199

PYMNTS

JANUARY 30, 2020

So-called fast fashion has been a big player in retail for years, but that part of the commerce-and-apparel world is facing some serious challenges. 30) from the Columbia Spectator , which covers news important to students at Columbia University and Barnard College in the global fashion capital of New York City. Organic Counter-Moves.

Retail 142

Retail New York City New York social media 142

PYMNTS

MARCH 3, 2020

With a round led by ACA Investments, comparison shopping platform iPrice Group has notched $10 million in Series B funding. Its last announcement for fundraising was in 2018 from the venture capital arm of Line. The platform, as of now, teams with “super apps” such as Home Credit and Line.

Groups 130

Groups Comparison Online Community 130

PYMNTS

NOVEMBER 6, 2019

Ikea and Hennes & Mauritz ( H&M ) are putting money into technology startups as a way to help them sidestep retail disruption, the Financial Times (FT) reported Wednesday (Nov. Lately, the firm has also been putting money into venture capital investments. Partly, we need it now as our business is transforming.

Retail 103

Retail United States Capital US 103

PYMNTS

JUNE 20, 2019

Through an Alibaba Group Holding Ltd program that offers years of shopping history for consumers, Bestore Co Ltd intends to connect technology for facial recognition with the online retailer’s account data. Now, it has begun to tap into other offerings from the eCommerce retailer for marketing.

Retail 100

Retail Data Groups Resources 100

BankUnderground

APRIL 28, 2023

Mahmoud Fatouh Small banks tend to have more specialised business models, likely focusing on commercial and retail banking activities, and show limited interconnectedness to other financial institutions. Although capital standards existed before 2010, they were significantly weaker.

Capital 84

Capital Lending US Data 84

PYMNTS

MAY 13, 2019

In the unattended retail space, vending operators are also becoming more aware of the shifting behaviors of their shoppers and the need for swift and digital payment options. That smaller size opens up whole new markets, and gains access to spaces that have never had a retail experience [as] a part of it.”.

Retail 177

Retail Marketing eBook Atlanta 177

PYMNTS

NOVEMBER 3, 2020

These are the top stories in retail for Tuesday (Nov. Founded in 2014, SA Company has evolved with the pandemic and is on its way to getting a capital investment and operational expertise from one of its venture capital and marketing partners, TZP Group. Wayfair, Home Furnishings Sector Looks Past COVID Winter.

Company 131

Company Retail Boston Capital 131

PYMNTS

MAY 8, 2020

The crisis is hardly over, but post-pandemic reality is setting in for Main Street retail. She believes lockdown orders created a loophole that allowed large chains that offer essential retail to continue selling non-essential goods like toys and electronics.

Maine 142

Maine Groups San Francisco Lending 142

PYMNTS

OCTOBER 5, 2020

Alibaba Group Holding Co. continues to capitalize on growth opportunities. percent stake in the Swiss duty-free retailer Dufry , Bloomberg reported on Monday (Oct. Dufry and Alibaba are also forming a joint venture in China that will combine Alibaba’s digital capabilities with Dufry’s travel retail business in that market.

Retail 262

Retail Groups Capital Report 262

PYMNTS

SEPTEMBER 5, 2019

Luxury retail is being revised — and in some cases, reinvented — and those trends are worth attention as the 2019 holiday shopping season approaches. Not only that, but the luxury online consignment retailer opened a brick-and-mortar store on New York City’s famed Madison Avenue. Indeed, in its recent U.S. has notched $300 million.

Retail 123

Retail New York New York City Philadelphia 123

PYMNTS

MAY 26, 2020

The chief executive of the Woodland Hills, California-based company whose portfolio includes more than 1,500 tenants occupying 10 million square feet of retail space, was quick to remind the network that not all stores are open. “We For us, our biggest focus is making sure our small businesspeople survive,” he said.

Groups 205

Groups California Colorado Illinois 205

PYMNTS

MAY 30, 2017

Year after year, the retail industry typically welcomes a new influx of workers across all of its verticals. As it turns out, retail industry jobs are actually seeing growth and better pay in the e-commerce arena. Although Cornerstone Capital Group is estimating 7.5

Retail 117

Retail Washington Policies Industry 117

PYMNTS

MARCH 11, 2019

In addition, African challenger bank Vista Group has selected banking software company Temenos to help with its digital transformation, and Australia FinTech firm PayRight has notched more than $30 million in financing. As its stands, Ecentric counts retailers and Tier-1 banks in its portfolio.

Groups 109

Groups System Payments Software 109

PYMNTS

OCTOBER 23, 2019

French retailer Casino announced that it has raised €1.5 “The group is working with the banks participating in its confirmed credit lines (whether syndicated or bilateral) to agree [on] a new syndicated revolving facility, maturing in October 2023, for approximately €2 billion. . billion ($1.67

Retail 100

Retail Groups Capital Operations 100

PYMNTS

AUGUST 14, 2019

Youngsters tend to get all the credit when it comes to being a force that drives retail innovation, and that’s fair enough. This group is more likely to have a college degree, be employed and earn higher salaries than other consumers.). Their mobile habits, for instance, are fueling so much change in commerce and also payments.

Innovation 123

Innovation Retail Millennials Mobile 123