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

NOVEMBER 16, 2020

A new Shogun was born. Four years and $35 million in venture capital funding later, Taylor’s company is expanding and simplifying the ability for eCommerce companies to build sophisticated yet simple web stores. We've saved an incredible amount of time and resources using syncing to roll out to new regions.”.

Retail 226

Retail Regional Branding Tools 226

PYMNTS

JUNE 15, 2020

Square Capital LLC processed more than $820 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans in six weeks, the firm reported. Last year, Square Capital did $2.3 Of that number, 60 percent of the borrowers had never before received a loan through Square Capital.

Capital 141

Capital San Francisco New Jersey Massachusetts 141

PYMNTS

DECEMBER 26, 2019

In what would be Thailand’s biggest initial public offering (IPO), Central Retail Corporation, the country’s largest retailer, is looking to raise up to 81.1 The company said that funds raised would be used to grow its international and domestic businesses as well as pay off debt, The New York Times reported.

Groups 131

Groups Retail New York Report 131

PYMNTS

NOVEMBER 6, 2020

As property executives report their quarterly earnings, some landlords are starting to put the squeeze on retailers that have skipped rent payments as a means to survive pandemic-triggered lockdowns. Spirit Realty Capital told FT that it had collected just 12 percent of the rent owed by movie theaters last month.

Retail 152

Retail Kansas Payments Texas 152

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

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

OCTOBER 2, 2019

In separate news, Postmates has raised $225 million at a $2.4 The investment, which was led by GPI Capital, brings the firm’s total funding amount to almost $1 billion to date. billion valuation as it prepares to go public, per reports in September.

New York 115

New York Meeting Capital Report 115

PYMNTS

JUNE 10, 2020

As retail reopens and starts to spur some optimism for the future, a dark number appeared on the scene on Tuesday (June 10). Coresight released a report that says 25,000 retail storefronts will close by the end of the year. After all, they have access to capital, and they have shown strong balance sheets in the past.

Retail 131

Retail New York City Online Trends 131

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

Abrigo

DECEMBER 18, 2023

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. Takeaway 3 Loan-level stress testing can help assess repricing risk, while capital stress testing helps clarify the impact of CRE loan losses on capital.

Risk Management 221

Risk Management Management Lending Capital 221

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

NOVEMBER 8, 2019

Brick-and-mortar retailers are teaming with logistics firms to test drones for delivery — and making progress on their experimental flights. From Walgreens to CVS, pharmacy retailers are collaborating with logistics firms to bring merchandise to their customers — as drones move the needle toward the future of delivery.

Retail 101

Retail New York North Carolina Virginia 101

PYMNTS

JUNE 22, 2020

The struggles of Neiman Marcus are the same as other brick-and-mortar retailers, hobbled by peoples’ shift to digital shopping, which has only been supercharged by the pandemic as people were forced to stay indoors. But he said the perils of the pandemic had unfortunately “placed inexorable pressure on our business.”

New York 168

New York New York City Retail Google 168

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

JANUARY 29, 2021

If coronavirus cases stay at a stable level, New York Governor Andrew Cuomo said eateries in the Big Apple will be able to open again for indoor dining starting on Valentine’s Day at restricted volume, CNBC reported. The holiday surge from New Year's and Christmas seems to be over, reaching a high on Jan. 28 from a 7.1

New York City 194

New York City New York Washington Apple 194

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. This realignment in our New York Metro market is consistent with our small business and retail services model in South Florida,” said Popular, Inc.

Puerto Rico 52

Puerto Rico New York Metro Community 52

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

OCTOBER 9, 2018

Pershing Square Capital Management, the activist hedge fund controlled by activist investor William Ackman, now has about a 1.1 percent stake in Starbucks.

Capital 128

Capital Management Conference New York 128

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

NOVEMBER 4, 2019

As the buyer of the luxury retailer brand negotiates with the store’s landlord, Barneys New York’s flagship store on Madison Avenue in Manhattan will stay open for at least another year in a smaller form. Its warehouse stores are located in Central Valley, New York and Livermore, California.

Los Angeles 101

Los Angeles New York San Francisco New York City 101

Bank Innovation

JUNE 4, 2019

million) Series D funding round, led by New York-based venture capital firm Insight […]. A spokesperson for Tink told Bank Innovation that PayPal's €10 million ($11.2 million) investment is part of the company's previously announced €56 million ($62.9

New York 170

New York Capital Innovation Online 170

PYMNTS

OCTOBER 6, 2020

Venture capital firm Greycroft , based in New York and Los Angeles, has raised $680 million to fund new startups, according to Bloomberg , looking for "the next Bumble or Venmo.". The firm plans to invest $310 million in early-stage startups and $370 million in growth-stage startups, the report stated.

Los Angeles 294

Los Angeles New York Financial Technology Trends 294

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

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

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

Bank Innovation

MAY 9, 2019

Though he could not disclose a timeline, Mitchell noted he's currently visiting New York City to lay the groundwork for the launch. “We We are hiring in North America and raising growth capital at the moment,” Mitchell […]. Payments software provider Episode Six will launch in the U.S.

New York City 170

New York City New York America Software 170

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

JANUARY 13, 2021

The aim of the Starbucks Community Resilience Fund is to support SMBs in areas “with historically limited access to capital,” the release said, to promote racial equality and environmental resilience. Access to capital is especially important amid worries of a second lockdown.

San Francisco 226

San Francisco New York City Chicago Atlanta 226

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

AUGUST 7, 2018

Welcome to the Five at Five, your late look at the payments and commerce news of the day. Coverage includes Even Financial raising additional funding , Mattress Firm considering bankruptcy , the New York City Council planning to limit ridesharing licenses, Visa buying a stake in Israeli-startup Behalf and Microsoft Pay supporting MasterPass.

New York City 100

New York City New York NV Capital 100

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

OCTOBER 18, 2019

USA Technologies CEO Stephen Herbert has stepped down against the backdrop of a proxy war ignited by the company’s biggest investor, New York-based hedge fund Hudson Executive Capital, Biz Journals reported on Friday (Oct. Herbert’s exit follows a plan by Hudson Executive Capital to take over the USAT board.

Technology 100

Technology New York Pennsylvania Capital 100

PYMNTS

SEPTEMBER 17, 2020

The company has talked with potential investors for an IPO that could come later this year, the sources told the news outlet. “We We continue to evaluate capital options and are excited about our industry position,” CEO Anthony Hsieh told Bloomberg. is the nation’s largest retail mortgage lender. Quicken Loans Inc.,

San Francisco 160

San Francisco New York Lending California 160

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 terms of Walmart’s other efforts, the retailer is also focusing on features such as grocery pickup.

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

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