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. It is expected that the business will keep operating as a stand-alone brand.

Branding 131

Branding Groups Retail New York 131

PYMNTS

JANUARY 22, 2019

That came after it shut down service in Seattle, Los Angels, and New York. Its venture capital investors included Greycroft, ACME Ventures (formerly known as Sherpa Capital), Menlo Ventures, e.Ventures, Cota Capital, M13 and others, noted reports. That never happened, prompting its action earlier this week.

Operations 154

Operations Los Angeles San Francisco Seattle 154

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.

Retail 142

Retail New York City New York social media 142

PYMNTS

NOVEMBER 8, 2019

Brick-and-mortar retailers are teaming with logistics firms to test drones for delivery — and making progress on their experimental flights. A remote operator monitored them and could step in if needed.) In Other Brick-and-Mortar News. UPS subsidiary UPS Flight Forward Inc.

Retail 101

Retail New York North Carolina Virginia 101

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

PopularBank

OCTOBER 28, 2020

Popular”) (NASDAQ: BPOP), bank holding company of Popular Bank, today announced Popular Bank’s strategic realignment of its New York Metro branch network. The branch closures, which are expected to be completed simultaneously by January 29, 2021, are projected to reduce annual operating expenses by approximately $13 million.

Puerto Rico 52

Puerto Rico New York Metro Community 52

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

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

FEBRUARY 26, 2020

Brink’s, which is based in Richmond, Virginia, said the transaction adds 14 new markets to its realm: the Netherlands, Malaysia , Romania, Belgium, Ireland, Kuwait, the Czech Republic, the Philippines, the Dominican Republic, Cyprus, Indonesia, Lithuania, Estonia and Latvia. and several smaller markets. times,” according to the release.

Virginia 175

Virginia New York Operations Capital 175

PYMNTS

FEBRUARY 6, 2020

It would make sense that the supermarket business might be immune from the cross-currents of retailing in 2020. Three regional players in the organic food retail business — where Whole Foods and parent Amazon rule — have declared bankruptcy over the past month. based natural foods retailer is the third significant U.S.

New York City 153

New York City New York Regional Colorado 153

PYMNTS

OCTOBER 23, 2019

The company was started in 2015 in Tel Aviv and is now based in New York. Fabric is also starting a new platform model that will allow its customers to have on-site micro-fulfillment operations powered by the company’s technology. Those centers will be equipped to provide quick, on-demand deliveries.

New York 100

New York Operations Retail Resources 100

PYMNTS

NOVEMBER 3, 2020

The pandemic continues to have a monumental impact on commerce worldwide, with brick-and-mortar retail suffering due to unemployment, in-store safety restrictions and consumers’ concerns about contracting the virus during in-person interactions. The United States’ gross domestic product (GDP) has slipped 32.9 billion in 2018 to value $478.2

New York 175

New York United States Denver Chicago 175

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

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. In a hearing on Thursday (June 4), U.S.

Report 136

Report Texas Retail New York 136

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

MAY 22, 2019

specifically, the use of such payments for mass transit in New York City. In an new PYMNTS discussion, Dan Sanford, Visa ’s global head of contactless payments, talked with Karen Webster about the May 31 launch of a contactless payments pilot involving the Metropolitan Transportation Authority (MTA) in New York City and Chase.

New York City 171

New York City New York Payments Training 171

PYMNTS

SEPTEMBER 18, 2019

Among the defining endeavors of our time — at least for the worlds of payment and commerce — has been to bring brick-and-mortar retail stores into the new century. It’s an ongoing effort that has probably seen more failures than success stories, but that’s certainly not keeping people from betting on new innovations.

How To 176

How To New York City Retail Mobile 176

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

PYMNTS

NOVEMBER 30, 2020

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

New York 140

New York Software Capital Regulation 140

PYMNTS

MARCH 19, 2020

The report noted it was not known if the investigation is linked to sellers capitalizing on the coronavirus ‘ proliferation and price-gouging on the company’s platform. The eCommerce retailer said it has provided associates sent home from the facility with complete pay as it cleans it.

Guidelines 159

Guidelines New York Report Capital 159

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

PopularBank

JUNE 10, 2021

New York, NY – June 9, 2021 – Popular Bank, a subsidiary of Popular, Inc. We greatly appreciate BauerFinancial’s five-star rating,” said Manuel Chinea, Chief Operating Officer, Popular Bank. Premier Rating Firm BauerFinancial Recognizes Popular Bank as a Superior Financial Institution with Five-Star Rating.

New Jersey 98

New Jersey New York Florida Community 98

South State Correspondent

JANUARY 4, 2023

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.”

Community Bank 195

Community Bank Capital Training Lending 195

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

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. It’s an important capacity for banks as they compete with FinTechs.

Management 181

Management Technology Cards Retail 181

PYMNTS

SEPTEMBER 22, 2020

There’s arguably no more polarizing macroeconomic issue in the retail world than the fate of the American mall. The problems start with how retailers view and serve the customer. REITs are not exactly a source of good or even consistent news these days. PREIT has had to absorb some of the same losses as its colleagues.

Philadelphia 206

Philadelphia Retail DC Detroit 206

PYMNTS

DECEMBER 17, 2020

FinTech GoCardless has raised $95 million in a Series F funding round led by Bain Capital Ventures. The startup will use the new funds to accelerate the company’s open banking strategy, enabling merchants to transparently and quickly process instant payments. BarkBox To Go Public Via SPAC At $1.6 Billion Valuation.

Massachusetts 147

Massachusetts Bitcoin Payments System 147

PYMNTS

APRIL 12, 2016

The apparel retailer announced on Thursday (April 7) that it had officially filed for Chapter 11 protection. PacSun will transfer 65 percent of its debt into equity, and private equity group Golden Gate Capital has agreed to provide $20 million as a result of the firm taking extant PacSun operations private.

Capital 100

Capital New York Retail Branding 100

PYMNTS

NOVEMBER 14, 2018

13) on its new headquarters. The Seattle-based eCommerce operator and cloud computing provider decided to build in both Crystal City, an urban area in North Virginia near Washington, D.C., and in Long Island City, a neighborhood in Queens, New York City. In New York City, Amazon’s $1.2

New York City 122

New York City New York Virginia Chicago 122

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. The firm said it will use the investment to focus on operational expansion.

Capital 156

Capital Management Technology Operations 156

PYMNTS

MARCH 2, 2020

Jumia , which was founded by two Frenchmen in 2012, operates in 11 African countries, from Morocco to Nigeria and Kenya, and has been referred to as Africa’s version of Amazon. In 2016, the startup became Africa’s first unicorn, and in April 2019, its stock opened on the New York Stock Exchange (NYSE) at $14.50.

Maine 157

Maine New York Capital Resources 157

PYMNTS

JANUARY 22, 2020

SmileDirectClub , which specializes in straightening peoples’ teeth, is gaining a reputation for squashing any kind of negative press, The New York Times (NYT) reported on Tuesday (Jan. It has also sued state dental boards that have tried to institute policies that would make it harder for SmileDirectClub to operate.

New York 131

New York Denver California Report 131

PYMNTS

OCTOBER 15, 2018

Either way, the news that Sears has filed for bankruptcy has brought to light the difference between malls – and how their owners may view the loss of a large anchor tenant differently. You don’t have to fill retail with retail anymore,” remarked Greg Maloney, head of JLL’s America retail business, at the event.

Las Vegas 179

Las Vegas Retail Chicago New York 179

PYMNTS

FEBRUARY 28, 2017

The retailer confirmed the shares, which are likely to raise $163.3 J.Jill itself will not receive money from this sale, but it will be listed under the JILL ticker on the New York Stock Exchange. The retailer reported $617 million in sales for the one-year period ending on October 29, 2016. million to 186.7

New York 100

New York Retail Branding America 100

PYMNTS

JUNE 10, 2019

Amid brick-and-mortar retail struggles and stock price volatility, a go-private offer has emerged for Hudson’s Bay Co., billion Canadian dollars, exiting the German market while staying in the Netherlands (with an eye on revamping operations there). which owns Saks Fifth Avenue and Lord & Taylor.

New York 108

New York Retail Groups Capital 108

PYMNTS

JUNE 26, 2020

Now trading on the New York Stock Exchange under the symbol ACI, the chain sold 50 million shares at $16 per share, bringing in $800 million – well below the 68 million shares and $1.5 billion fundraise once anticipated. billion fundraise once anticipated. Shares rose some 1 percent to $16.18 shortly before noon ET.

Idaho 224

Idaho New York Online Capital 224

PYMNTS

MARCH 21, 2019

New York Stock Exchange (NYSE) listing on the horizon, the denim company’s initial public offering (IPO) is said to be oversubscribed by greater than 10 times, per unnamed sources. Other uses of the funding are said to include working capital, capital expenditures and operating expenses.

New York 145

New York Capital America Strategy 145