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New RadioShack Owner Looks To Turn 'Fallen Angels' Into eCommerce Stars

PYMNTS

When Miami-based Retail e-Commerce Ventures (REV) recently announced that it purchased the remains of twice-bankrupt RadioShack , it wasn’t some one-off strategy to acquire distressed assets for pennies on the dollar. It’s a plan the company describes as “transforming well-known, distressed retail brands into eCommerce success stories.”

Branding 254
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How Swap.com Kept Fraudsters From Ruining Christmas

PYMNTS

The pandemic drastically altered consumers’ shopping habits and retailers’ strategies for getting customers the items they needed during the 2020 holiday season. Experts predicted that online commerce over the holidays would increase 35 percent from the previous year, while brick-and-mortar retail sales were expected to decline by 4.7

Fraud 143
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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

billion, on an 82 percent increase in retail sales. That is the most organic growth of any automotive retailer ever in the U.S. We see interest grow when we launch in new markets — 161 to date — and when we launch new Car Vending Machines (currently in 24 cities); our most recent being Miami,” said Keeton. New Markets.

Company 130
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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. Improving efficiency is like “losing weight” and “working out more.”

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Rent The Runway Sets Up Drop Boxes Across U.S.

PYMNTS

The drop boxes will be in six cities — New York, San Francisco, Los Angeles, Chicago, Miami and Washington, D.C. — In August, to help fuel its growing subscription business, refinance debt and widen its operations, Rent The Runway linked up with Temasek for a credit facility of $200 million.

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Rescuing The Restaurant Business From App Decline

PYMNTS

The operative word is control. “I With DineVite, consumers and restaurants get a better deal, since the restaurants can offer a deal to customers that they are comfortable with and consumers capitalize on it. Consumers can inquire directly with restaurants about existing promotions. It’s a new concept that means both parties win.”.

Miami 130
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Costco Wholesale Broadens Online Selection Amid eCommerce Growth

PYMNTS

In addition, the company plans to begin eCommerce operations in Japan in early summer and in Australia in late summer or early fall. In terms of brick-and-mortar store counts, Galanti noted the opening of one new location in Coral Springs, Florida and the relocation of a Miami location. and Canada). per hour to $15 and $15.50

Online 130