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NCR Looks To Buy ATM Operator Cardtronics For $1.7 Billion

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Retail and hospitality technology firm NCR Corporation is looking to acquire ATM operator Cardtronics for $39 per share, or about $1.7 Cardtronics, based in Houston, Texas, specializes in managing ATMS and self-service financial kiosks. 11) press release. . “The 11) press release. .

ATM 172
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Commercial Landlords Pinched As Retailers, Theaters, Gyms Skip Rent Payments

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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
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JD Sports Purchases California-Based Shoe Palace

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Overall cash consideration for the purchase of the company is $325 million, which is subject to “customary cash/debt and working capital adjustments,” of which $100 million has been deferred and will be paid on different dates over the 12 months to come. California-based Shoe Palace was started in 1993 by the Mersho family.

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

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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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B2B Investors Reveal Their Appetite For ResTech

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MaxWholesale targets India’s kirana stores, connecting the small, mom-and-pop retailers to a digital wholesale platform to restock their inventory. Coatue, BoxGroup, Conversion Capital, Soma Capital, Backend Capital and more than 50 startup founders also participated.

Capital 181
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Sycamore Partners Reportedly Negotiating To Buy JCPenney

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The retailer, which employs 85,000 people, filed for Chapter 11 bankruptcy protection last month after the coronavirus forced it to shut its more than 800 stores, which followed years of weak sales. The company has more than $15 billion in capital under management. In a hearing on Thursday (June 4), U.S. David Kurtz, a Lazard Ltd.

Report 136
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Coronavirus Triggers Furloughs For Over 1K Workers At Simon-Owned Malls

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The retail industry has been hit especially hard by the pandemic. Hundreds of thousands of retail employees have temporarily lost their jobs, from Gap and Macy’s to Kohl’s and JCPenney. Macy’s said on Monday (March 30) that it was using the “absolute minimum workforce needed to maintain basic operations.” billion in debt.