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Brookfield Asset Earmarks $5 Billion To Help Struggling Mall Retailers

PYMNTS

“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.,

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Express Inc. Net Sales Drop 53 Pct Amid Pandemic

PYMNTS

reported “continued momentum” with its The EXPRESSway Forward long-term strategy, as a phased reopening of retail locations started on May 1. The retailer, however, reported that consolidated net sales dropped 53 percent to $210.3 Additionally, Express said it decreased its forecasted yearly capital expenditures by roughly $25 million.

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High Times Plans Brick-And-Mortar Locations

PYMNTS

As it moves into the business of cannabis retail and hangs out its shingle in the industry, High Times is opening its own brick-and-mortar stores this year. announced it would be bringing a flagship retail store to Los Angeles and Las Vegas. Illinois, for its part, became the newest state to legalize weed on Jan.

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Consumer Foot Traffic Up, But Time Spent In Store Is Shorter, Mall Group CEO Says

PYMNTS

The owner/operator of 85 shopping centers in California, Colorado and Illinois said shoppers are returning to recently reopened malls, but they’re not lingering, according to a CNBC report. We have movie theaters, we have gyms, we have lots of places where three months ago we would have been thrilled to have close personal interaction. “For

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Malls See Increase in Foot Traffic, But Less Time Spent In Store

PYMNTS

The owner/operator of 85 shopping centers in California, Colorado and Illinois said shoppers are returning to recently reopened malls, but they’re not lingering, according to a CNBC report. We have movie theaters, we have gyms, we have lots of places where three months ago we would have been thrilled to have close personal interaction. “For

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Paradox Hits $1.5B Valuation For Its Conversational Recruiting Software — Its Competitors In The Recruiting Chatbot Space Include GrayScale, Eightfold.ai, And Mya Systems

CB Insights

Paradox , a provider of conversational recruiting software, has raised $200M in Series C round that drew participation from DLA Piper Venture Fund, Brighton Park Capital, Blue Cloud Ventures, and Workday Ventures, among others. It has 500 clients across the healthcare, restaurant and retail, logistics and trucking, and finance industries.

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Private Equity Firm Acquires Ruby Tuesday

PYMNTS

16), Beall, Illinois-based food service retailer Ruby Tuesday has agreed to an acquisition by Atlanta, Georgia, private equity franchise funding firm NRD Capital. per share and NRD Capital assuming or retiring all debt obligations, CNBC reported. According to CNBC news reports published on Monday (Oct.

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