BankUnderground

APRIL 28, 2023

Mahmoud Fatouh Small banks tend to have more specialised business models, likely focusing on commercial and retail banking activities, and show limited interconnectedness to other financial institutions. The data I use bank-level data and GDP growth for the UK and the US. Such time series can be used to answer two questions.

Capital 78

Capital Lending US Data 78

PYMNTS

JUNE 8, 2018

After news surfaced in May that Golden Gate Capital was considering a merger of Eddie Bauer and Pacific Sunwear of California , the private equity firm has created a new operating company comprised of the two retailers. Both brands have made great progress in the past 24 months and have generated strong performance.

Operations 100

Operations Company California Branding 100

PYMNTS

APRIL 19, 2019

liquor industry), who has combined the ongoing consumer desire for online subscription retail with the rise of craft distilleries. Along the way, he learned more about the power of brick-and-mortar retail in this increasingly online world. We had to buy a retail store to fulfill this dream. Distillery Gains.

Retail 156

Retail California Online Operations 156

PYMNTS

JUNE 25, 2018

The chain kicked off the week with the announcement that it will be opening about 50 Toy City pop-up stores this year as a bankrupt Toys R Us finishes shuttering its last stores this week. Toys R Us leaves a fairly large hole in the center of the market for toys — not to mention a fleet of large, empty store locations behind it.

US 100

US Retail Branding Strategy 100

PYMNTS

JANUARY 18, 2021

Last week, Grab announced that its Grab Financial Group had raised $300 million in a Series A funding round led by Hanwha Asset Management and joined by K3 Ventures , GGV Capital , Arbor Ventures and Flourish Ventures. Founded in Malaysia in 2012, Grab is also known for its popular ridesharing and delivery services.

Fintech 198

Fintech US Groups Management 198

PYMNTS

JANUARY 29, 2019

The toy industry saw a dip in sales during its first holiday season without Toys R Us. But Lennett noted that the 2 percent decline was still a “solid performance,” considering that Toys R Us was estimated to account for 10 to 15 percent of all toy sales before it shut down all of its U.S. customers spent $21.6

US 109

US Groups Industry Capital 109

PYMNTS

JULY 17, 2018

In addition, sources say that Barclays is putting more capital behind its U.S. credit card operations. accounted for 40 percent of the bank’s profits, and around a fifth of the bank’s capital is allocated to the country. billion of deposits to its Delaware operation. Other possibilities include rolling out its U.K.

Delaware 101

Delaware US Capital Operations 101

PYMNTS

JANUARY 15, 2019

Based in Manchester, AccessPay provides a digital platform for payments, cash management and treasury operations by integrating businesses’ back-end operations with their banks. million investment with Intel Capital in InContext Solutions, a firm targeting retailers with shopper engagement technologies. and U.S.,

Security 143

Security US Payments Big Data 143

PYMNTS

SEPTEMBER 19, 2017

The retail death spiral drags on, and this week we have a new victim: Toys “R” Us. billion buyout by private equity investors KKR, Bain Capital, and Vornado Realty Trust. billion buyout by private equity investors KKR, Bain Capital, and Vornado Realty Trust. And it is a lot of debt: $5 billion at last count.

US 103

US Retail Customer Experience National 103

PYMNTS

NOVEMBER 23, 2020

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

Branding Retail New Jersey Miami 254

Bank Innovation

DECEMBER 7, 2017

That’s why Zelle is so importance to us,” Moynihan […]. EXCLUSIVE – Bank of America seeks electronification of cash not only as way to better serve its banking customers but also as an excellent way to reduce costs: according to Bank of America CEO Brian Moynihan, this digitization of cash can save the bank billions of dollars.

America 218

America Operations US Cards 218

PYMNTS

APRIL 25, 2017

Marketplace solutions work to enable online retail brands to expand their reach without needing to invest in manufacturing, warehousing and logistics. Brands have used marketplaces to increase margins and test extended product ranges. To do so, the online retailer will leverage Mirakl’s B2C Marketplace Platform.

Online 100

Online Retail Branding US 100

PYMNTS

MAY 26, 2017

The most recent addition to the HighJump global family is Woolworths Proprietary Limited, the operating entity of Woolworths Holdings Limited, a leading Southern Hemisphere retail group headquartered in South Africa. Woolworths’ stores are brick-and-mortar retailers selling food, clothes, homeware, gifts and more.

Retail 115

Retail Operations Online Software 115

PYMNTS

JULY 12, 2019

Visa is committed to its mission of ensuring smooth operation of non-cash payments for all participants of the payment system — banks, merchants [retail businesses] and consumers,” Visa said, adding that it won’t talk third-party opinions “based on assumptions and personal view of the author.”. We do not see reasons for concern.”.

Payments 108

Payments US System Capital 108

PYMNTS

FEBRUARY 1, 2021

You’d be forgiven if the tug of war between hedge funds and retail investors – and the soaring and swooning over GameStop and Dogecoin – would be top of mind in anticipation of a bubble taking shape that will, at some point, see either deflation or a pop. Funds that have expertise in both companies operating in Asia and how U.S.

Groups 248

Groups Florida Retail Capital 248

PYMNTS

AUGUST 26, 2019

capital goods were up in July, but shipments were down by the most in about three years. In terms of the headline numbers, Commerce Department data showed that non-defense capital goods orders were up 0.4 In terms of the headline numbers, Commerce Department data showed that non-defense capital goods orders were up 0.4

US 108

US Capital Chicago Data 108

PYMNTS

DECEMBER 14, 2018

Steve Madden is one retailer that publicly announced its efforts to move its supply chain operations out of China. Steve Madden is one retailer that publicly announced its efforts to move its supply chain operations out of China.

Marketing 115

Marketing US Trends Conference 115

PYMNTS

SEPTEMBER 4, 2019

small businesses don’t have a website, so there is a huge opportunity for many of these businesses to capitalize on the growing eCommerce trend. percent of all global retail sales. Also on the rise are direct-to-consumer (DTC) brands, which have a different set of business needs than traditional retailers. “As

US 178

US Branding Resources Retail 178

PYMNTS

APRIL 2, 2018

The bank offers corporate banking, retail banking, treasury management, capital markets, credit cards and wealth management services in a range of consumer and corporate offerings. billion in 2017, though operating losses widened during that time. An F-1 registration statement revealed the bank’s plans for an IPO in the U.S.,

US 112

US Capital Regional Analysis 112

PYMNTS

DECEMBER 9, 2019

This trial is very, very much about who will be able to get spectrum to build these 5G networks,” said Hundt, now CEO of the Coalition for Green Capital , referring to the DOJ’s T-Mobile and Sprint settlement — which includes provisions that could make it easier for Dish to build 5G networks. population by June 2023. He added that the U.S.

US 130

US Mobile Regulation Meeting 130

PYMNTS

FEBRUARY 26, 2020

The acquisition does not include the G4S Retail Cash Solutions business or the cash operations in South Africa, the U.K. This transaction represents our largest acquisition to date and further demonstrates our disciplined approach to value-added capital allocation,” said Doug Pertz, president and CEO of Brink’s.

Virginia 175

Virginia New York Operations Capital 175

PYMNTS

NOVEMBER 22, 2020

Danske Bank , the Copenhagen-based retail bank, has partnered with FinTech firm Zenegy to roll out a new method for automating payments made with corporate cards, a report from Crowdfund Insider says. Mastercard also rolled out a service to help with working capital and automation. This shows on the bottom line.

Cards 221

Cards Payments Innovation Regional 221

PYMNTS

AUGUST 17, 2020

As COVID-19 leads more customers to purchase groceries through the web, Stop & Shop owner Ahold Delhaize NV is putting more resources toward online shopping operations. Chief Financial Officer Natalie Knight said in the report, “Covid was kind of a wake-up call for us.” eCommerce sales for the company comprised just 3.6

NV 160

NV United States Retail Resources 160

PYMNTS

DECEMBER 20, 2019

A decade ago, the concept of building a retail operation around shopping in other people’s closets was something of a hard sell. We were kind of the original disruption in the fashion retail space, as it brought the concept of sharing a closet to the forefront in 2009.

Retail 133

Retail Data Maine Company 133

PYMNTS

OCTOBER 12, 2016

Toys “R” Us could be eyeing its best holiday season in years, according to a Bloomberg report. It’s bolstering its e-commerce operations, where sales increased 15 percent in the second quarter from the year before thanks to an improved website, decreased shipping times, and a lowered shipping purchase minimum,” according to Bloomberg.

US 100

US New Jersey Operations Capital 100

Lex Sokolin

FEBRUARY 18, 2021

Here, for comparison, is similar data on venture capital funds?—?printing That is a 100% increase in capital looking for quality fintech assets. As an aside, this has always been a conundrum for us. This accommodates fintech multiples, and allows $4 billion of capital into the system to search for exits. dear reader?—?to

Capital 52

Capital Fintech US Lending 52

Lex Sokolin

FEBRUARY 18, 2021

Here, for comparison, is similar data on venture capital funds?—?printing That is a 100% increase in capital looking for quality fintech assets. As an aside, this has always been a conundrum for us. This accommodates fintech multiples, and allows $4 billion of capital into the system to search for exits. dear reader?—?to

Capital 52

Capital Fintech US Lending 52

PYMNTS

MAY 11, 2020

This will ensure both our short-term and long-term success as a relationship and digital leader in luxury retail.”. The court allowed for the retailer’s access to $675 million in debtor-in-possession financing from creditors that would “enable business continuity during proceedings,” per the statement.

Retail 142

Retail Groups Policies Cards 142

PYMNTS

JANUARY 19, 2018

As such, automakers are hitting the venture capital highway in droves. In the rideshare arena, InMotion , Jaguar Land Rover’s venture capital arm, invested $25 million in a $600 million funding round for Lyft in 2017. The automaker is also reportedly joining the Open Platform operated by Lyft for autonomous cars. Ridesharing.

Capital 109

Capital Las Vegas San Jose California 109

PYMNTS

NOVEMBER 18, 2016

Asia outpaced North America in funding volume for the FinTech world, and this week’s B2B venture capital roundup seems to reflect that, with several deals from VCs in the region. million Series C funding round with plans to use that money for B2B payments solutions. Their “ Pulse of Fintech “ report found $2.4

Fintech 100

Fintech US Capital Community 100

PYMNTS

JANUARY 7, 2020

Singapore’s FinTech firm ADVANCE.AI , Hong Kong’s financial services company Sheng Ye Capital and Singapore’s firm Phillip Capital are the most recent in a series of contenders for critical business permits in Singapore. Their holders can take deposits from retail customers, but must have $1.5

Digital Banking 131

Digital Banking Capital Leadership Fintech 131

Celent Banking

MARCH 6, 2015

Next week I will be moderating a panel discussion at American Banker´s Retail Banking Conference in Austin about the competitive pressures of community institutions. The figures below outline the decline of banks in the US, going from 11,462 at the end of 1992 to 5,809 in 2014. Even labor saving technology (e.g.

Conference 100

Conference Retail Community Austin 100

PYMNTS

JANUARY 21, 2020

As it moves into the business of cannabis retail and hangs out its shingle in the industry, High Times is opening its own brick-and-mortar stores this year. announced it would be bringing a flagship retail store to Los Angeles and Las Vegas. They will operate under the logo and name of High Times. Hightimes Holding Corp.

Las Vegas 131

Las Vegas Los Angeles Illinois Retail 131

PYMNTS

JUNE 1, 2018

As Claire’s Stores seeks to attract investors and potential buyers, the retailer has gained approval to close 37 of its brick-and-mortar stores, which are primarily located in malls, Retail Dive reported. In all, the retailer, which has filed for bankruptcy , has been able to exit 130 leases. operations.”.

Retail 103

Retail US Capital Management 103

PYMNTS

OCTOBER 14, 2020

To that end, Ken Gavrity , head of enterprise payments at KeyBank , told Karen Webster that companies must re-examine the most basic operations in order to stay afloat and maybe even thrive – or face existential threats as they mull the great digital shift. And he noted, too, that the “verticalization” of B2B is upon us.

Payments 242

Payments Course Innovation Operations 242

South State Correspondent

DECEMBER 8, 2023

In two days, you can hear from Chase, US Bank, Capital One, BMO, M&T, PNC, Citizens, Truist, Huntington, and more, a feat that can only be done at a conference of this caliber. Many banks expressed frustration over keeping small business banking housed within the retail bank channel.

Conference 195

Conference Retail Community Bank Technology 195

PYMNTS

AUGUST 27, 2020

27) that the Arkansas-based retail giant is scrapping Shoes.com and Bare Necessities, the intimate apparel brand. operation in Culver City, California. operation in Culver City, California. “We Earlier this month, the mega retailer shared clues about its launch of Walmart+ , which is expected to compete with Amazon Prime.

Los Angeles 144

Los Angeles Branding Arkansas Retail 144