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. Barneys Woes.

Retail 123

Retail New York New York City Philadelphia 123

PYMNTS

JANUARY 27, 2021

Minna co-founders and CEO Joakim Sjöblom and Chief Operating Officer Jonas Karles told PYMNTS that getting a better handle on subscription spend can be done through retail banking channels, boosting financial institutions’ own revenue streams. Subscription management is part of that. Embracing The Subscription .

Management 181

Management Technology Cards Retail 181

PYMNTS

DECEMBER 14, 2020

In today’s top retail news, Bed Bath & Beyond Inc. has entered into a definitive deal to sell Cost Plus World Market to Kingswood Capital Management, while Authentic Brands is reportedly in discussions with Arcadia Group and Debenhams. Bed Bath & Beyond Strikes Deal To Sell Cost Plus World Market.

Branding 131

Branding Groups Retail New York 131

PYMNTS

JANUARY 4, 2019

Luxury retail company Saks Fifth Avenue is closing a two-year-old location at Manhattan’s Brookfield Place, a move that spotlights the intensifying competition from other high-end retailers for physical space amid shoppers’ exodus to online shopping. Physical U.S. department store sales declined 1.3

Retail 134

Retail New York Maine Online 134

PYMNTS

OCTOBER 12, 2018

Brick-and-mortar retailers have closed flagship locations in recent times, but sometimes these landmark stores make a comeback. The new store, which will be located at 30 Rockefeller Plaza, will feature multiple experiential retail components. While $134 million worth of debt comes due for Sears on Monday (Oct.

Retail 116

Retail New York City San Francisco New York 116

PYMNTS

DECEMBER 4, 2019

With its perfume that has a cult-like following, Glossier is opening temporary shops in seven Nordstrom locations, with the inclusion of the retailer’s New York flagship. A Nordstrom partnership should help Glossier reach more shoppers who don’t reside close to its Los Angeles and New York stores, per the report.

Los Angeles 131

Los Angeles New York Miami Austin 131

PYMNTS

FEBRUARY 6, 2018

Fanatics , a company that sells Team USA merchandise, has taken a novel approach to Olympic retail this year with a physical store in a major U.S. The store marks a milestone for Team USA: It’s their first in-person retail store outside the Olympic Training Center in Colorado. Retail Gold. The Economics.

Retail 118

Retail Strategy New York City Los Angeles 118

PYMNTS

JUNE 18, 2020

Founded 80 years ago, the Boise, Idaho, chain has been owned for the past 14 years by private equity firm Cerberus Capital Management, according to Supermarket News , which first reported the IPO in March. The listing would allow the New York investor to exit the company. The IPO could fetch as much as $1.51

Idaho 197

Idaho New York Security Report 197

PYMNTS

SEPTEMBER 28, 2020

has completed its Chapter 11 bankruptcy protection process and emerged from one of the highest-profile retail collapses since COVID-19 began, the Dallas-based company disclosed. We emerge from Chapter 11 as a stronger, more innovative retailer, brand partner and employer.”. Neiman Marcus Holding Company Inc.

San Francisco 139

San Francisco New York City Houston Dallas 139

PYMNTS

AUGUST 7, 2019

Those two retail trends have recently collided in Southeast Asia, where Carro, an automotive marketplace and financing provider, reportedly has bought Jualo, an online marketplace for used goods from some 300 product categories. According to the report , the deal comes as Carro raised some $30 million in fresh capital. Retail Waste.

Online 112

Online Retail Trends New York 112

PYMNTS

SEPTEMBER 18, 2018

In a press release , Postmates said the funding round was led by Tiger Global Management, and comes on the back of a record year of growth, market expansion and adoption of a subscription service. Postmates, the on-demand delivery company, announced on Tuesday (Sept. 18) that it has raised $300 million in venture funding.

Los Angeles 151

Los Angeles Management New York Tools 151

PYMNTS

MAY 3, 2019

Brick-and-mortar retailers are changing the way they manage their workforces in the age of Amazon: Walmart , for instance, is testing multiple versions of a new team structure called the “Great Workplace” in some of its locations. In Other Brick-And-Mortar News. billion for its stores in comparison to $1.63

Retail 100

Retail St. Louis San Diego Los Angeles 100

PYMNTS

AUGUST 5, 2020

If approved, Rocket would be listed on the New York Stock Exchange, under the ticker “RKT.”. Rocket describes itself as the largest retail mortgage lender in the U.S. The report stated the downsizing may signal the IPO market’s worry as the pandemic deepens across much of the U.S., which is owned by Gilbert.

Cleveland 233

Cleveland Detroit New York Company 233

PYMNTS

JUNE 21, 2019

With the bank branch of the future, large institutions such as Capital One and Fifth Third are aiming to create spaces that appeal to millennials around Chicago that provide technical support, financial advice and — in some instances — cappuccino. By the same token, Capital One has brought three Capital One Cafes in Chicago.

Chicago 120

Chicago New York City Florida Miami 120

PYMNTS

OCTOBER 10, 2018

BuzzFeed is planning to open a toy store in New York City later this fall. New York Post reported that the store, called “Camp,” will be located in an 11,000-square-foot space in Manhattan’s Flatiron District. In fact, Rachel Shechtman, STORY’s founder, is an advisor on the BuzzFeed retail project.

New York City 116

New York City New York social media Retail 116

PYMNTS

FEBRUARY 27, 2020

The epidemic has hit the country’s manufacturers and retailers alike as people have been out of work and quarantines have come down. One of them, Shen Shikai, who manages money pooled amongst his friends, told Reuters, this was “already a bubble,” and “a game of the greater fool.” Investors are suspicious.

Marketing 146

Marketing Capital New York Taxes 146

PYMNTS

FEBRUARY 26, 2020

Cash management firm The Brink’s Company is acquiring a majority stake in the security services company G4S for $860 million (£660 million), The Brink’s Company announced on Wednesday (Feb. The acquisition does not include the G4S Retail Cash Solutions business or the cash operations in South Africa, the U.K.

Virginia 175

Virginia New York Operations Capital 175

PYMNTS

JUNE 5, 2020

Sycamore Partners, the New York private equity firm that specializes in distressed buyouts, is in preliminary talks to purchase JCPenney , sources told Reuters. Sycamore is considering acquiring the entire company or making an investment in JCPenney, the news service reported.

Report 136

Report Texas Retail New York 136

Bank Innovation

APRIL 4, 2019

New York-based Glia, an omnichannel customer service platform for financial services companies, announced that it recently raised $20 million in a Series B round led by Insight Venture Partners.

New York 170

New York Video Innovation Management 170

PYMNTS

AUGUST 6, 2019

Sources have told The Wall Street Journal that Barneys New York is preparing to file for bankruptcy protection. The sources added that the company is close to finalizing a deal with Gordon Brothers and Hilco Global for a 60-day loan that will give the luxury retailer time to find a buyer.

New York 122

New York Retail Capital Company 122

PYMNTS

NOVEMBER 1, 2017

Walmart will no longer carry Danskin brand apparel products in its stores or on its website, according to New York Post reports from Tuesday (Oct. The retailer will remove the products from its shelves in 15 months. . Danskin is a 135-year-old brand owned by parent company Iconix Brand Group and generating $15.5 On Monday (Oct.

Branding 104

Branding New York Retail Capital 104

PYMNTS

APRIL 10, 2020

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

Maine Seattle San Francisco New York City 141

Bank Innovation

DECEMBER 10, 2019

Centana Growth Partners, a New York and Palo Alto, Calif.-based based growth equity firm, closed its second fintech valued at $375 million this week. The firm, which closed a $250 million fund in 2015, primarily invests in business-to-business technology companies.

Fintech 293

Fintech New York Technology Company 293

FICO

APRIL 29, 2022

There’s a lot going on in the retail payments space – defined as transactions between two consumers, between consumers and businesses, or between two businesses. Some of the changes are related to new digital payments methods like P2P apps, tap-to-pay, and cryptocurrency, which are all growing options in retail environments.

Fraud 52

Fraud Retail Payments cryptocurrency 52

PYMNTS

JANUARY 21, 2021

Southeastern Grocers has sought to trade on the New York Stock Exchange under the “SEGR” ticker symbol. LLC and BofA Securities are serving as joint lead book-running managers and representatives of the underwriters for the deal. In addition, Truist Securities is serving as a co-manager for the IPO. 21) announcement.

Idaho 167

Idaho New York Security Branding 167

PYMNTS

DECEMBER 27, 2019

It’s the end of a short holiday workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . Trackers and Reports.

Taxes 101

Taxes Mobile Management blockchain 101

PYMNTS

NOVEMBER 30, 2020

30) and would value the New York-headquartered startup at more than $1 billion, the sources said. Kustomer said its platform will help retailers on Shopify automate 40 percent of interactions. The deal could close by the end of the day on Monday (Nov. Shopify teamed up with Kustomer in July to advance more efficient operations.

New York 140

New York Software Capital Regulation 140

PYMNTS

JANUARY 12, 2021

Plus, Pilot Company collaborates on fleet factoring, Revolution Payments launches Level III commercial card processing and Porter Capital launches new PPP funding tools. Porter Capital Offers New Funding Tools To PPP Recipients. About 300 SMBs Received Less Than $99 In PPP.

Arkansas 152

Arkansas New Jersey Oregon Capital 152

PYMNTS

DECEMBER 9, 2019

Macy’s is partnering with the female-led millennial venture capital fund SoGal Ventures to launch an in-store initiative focused on women-owned businesses, Macy’s said in a press release on Thursday (Dec. The retailer is opening SoGifted shops in its flagship Manhattan store and six other locations. Asia Pacific and Europe. Lauderdale.

Las Vegas 136

Las Vegas San Antonio New York City Detroit 136

Bank Innovation

FEBRUARY 5, 2020

New York-based Kasisto, a conversational AI company which developed the banking […].

New York 345

New York Technology Company Innovation Strategies 345

PYMNTS

AUGUST 14, 2018

Welcome to Five at Five, your late look at the day’s payments and commerce news. In addition, two major retail chains have upped their digital efforts, and behavioral biometrics is attracting more of the spotlight. The chain is also rolling out a voice-activated mirror in its flagship New York City location.

Apple 100

Apple New York City New York blockchain 100

PYMNTS

JULY 28, 2020

and Royal Bank of Canada , and will appear on the New York Stock Exchange (NYSE) under the symbol RKT. According to David Kudla , CEO of Mainstay Capital Management, Gilbert’s stake in the company meant he’ll likely retain full control over everything that happens with the company. the company earned $97.7

Cleveland 140

Cleveland Detroit New York Company 140

PYMNTS

SEPTEMBER 8, 2020

That’s the oversimplified view of the business model adopted by Wardrobe , a new kind of peer-to-peer fashion rental company that on Tuesday (Sept. 8) is breaking out of its New York City beta test and into a nationwide launch. It has a network of dry cleaners (40 currently in New York City) that are happy for the extra revenue.

Los Angeles 235

Los Angeles New York City Meeting New York 235

PYMNTS

APRIL 1, 2019

With a Series D round under its belt, the New York-based high-end marketplace 1stdibs has notched $76 million in funding. Other participating investors included prior backers Benchmark, Spark Capital and Index Ventures, according to reports. investments. However, the company doesn’t speak to only one audience with its content.

New York 100

New York Capital Report Retail 100

PYMNTS

NOVEMBER 30, 2018

The cloud, artificial intelligence (AI) and robotics are all prevalent themes in this week’s venture capital breakdown, with startups working to overhaul entire processes for their enterprise customers, from logistics to workforce management. New backers Edge Capital Group and World Innovation Lab tacked onto the round, too.

Capital 156

Capital Management Technology Operations 156

PYMNTS

MARCH 15, 2020

A lawsuit filed in New York representing a trust of more than 100 creditors for Toys R Us claims that executives took bonuses they shouldn’t have and had inappropriate financial relationships with private equity owners, all while the company was crumbling due to increased competition from companies like Walmart and Amazon.

US 159

US Company New York Retail 159

PYMNTS

APRIL 17, 2018

Walmart , which is trying to acquire a big stake in India’s leading eCommerce player Flipkart , has reportedly convinced some of its key shareholders to sell their stakes to the retailer. In a deal like this, there are always ebbs and flows, but there is a time factor to consider as well,” said an unnamed source in the report.

New York 101

New York Capital Retail Report 101