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Need A Shopping Mall? Landlords Are Selling Cheap

PYMNTS

Given the less than stellar track record of shopping malls in recent memory, investors are not exactly lining up to buy into fading retail behemoths where no one wants to shop. million transaction for the Logan Valley Mall in Altoona, Pennsylvania, anchored by Macy’s, JCPenney and Sears stores. It’s a tough environment.

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With Five-And-Dime Roots, Five Below’s Still Making It On Main Street In The Amazon Era

PYMNTS

In the same year, Woolworth opened a store in Lancaster, Pennsylvania, which also included a 10-cent section. That retailer would be Five Below, which, after opening its doors in 2002, called itself “the Five-and-Dime for the iPod Generation” in a 2011 press release. That store wasn’t a success , so Woolworth tried his hand again.

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Bankers: Here's What We Do

Jeff For Banks

I work for The Kafafian Group, a community bank consulting firm based in Bethlehem, Pennsylvania. We do this on an outsourced basis, meaning we custom build the model based on how the institution is managed. We do this unpassionately because knowing this information helps management teams create aspirational plans.

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Chapter 11 Watch: Tough Times For Uniqlo, PacSun Gets Lucky

PYMNTS

Retail’s constant chase for growth means that some or even most will never reach their goals. Normally, the week’s headlines are filled with merchants stuck in a death spiral of slow sales and lackluster supply chain management. Few are inevitably spared the fate in the long run.

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How Can Banks Thrive in the Next Five Years?

Jeff For Banks

My Remarks to Bank Client's Annual Meeting of Shareholders "I want to thank [Chairman] and the Board, [CEO] and the management team for asking me to come out and remark on where I think the banking industry is going over the next five years. I know, my first job in banking in 1985 at Northeastern Bank of Pennsylvania was making microfiche.

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Bankers: Seven Questions to Determine If You Have a Strategic CFO?

Jeff For Banks

The CFO's role then is to make sure that capital is available at the right cost for these choices to be profitable, and that the company has processes and decision making rules for capital allocation to support that growth." At this writing, many bank balance sheets are flush with cash.

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This Week In Insurance Tech: Policygenius Raises $100M, Lemonade Enters Pet Insurance, Nationwide Expands Digital Footprint

CB Insights

Gabi , a San Francisco-based digital broker for home and car insurance, raised a $27M Series B led by Mubadala Capital. Capital, AngelList, Burst Capital, Canvas Ventures, CMFG Ventures, Correlation Ventures, Northwestern Mutual Future Ventures, Project A Ventures, and Securian Financial Group also participated in the round. .