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Today In Retail: Bed Bath & Beyond Completes Sales Of Cost Plus World Market; Starbucks To Help Out Washington State With Vaccine Distribution

PYMNTS

In today’s top retail news, Bed Bath & Beyond said it has finished its sale of Cost Plus World Market (CPWM) to a private equity firm, while Starbucks will help Washington state with the distribution of coronavirus vaccines. announced that it has completed its sale of Cost Plus World Market (CPWM) to Kingswood Capital Management.

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Square Capital Distributed 76K PPP Loans Totaling $820M

PYMNTS

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.

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Retail Advocacy Groups Mix Urgency And Cautious Optimism

PYMNTS

The forces closing in on retail have forced its various trade and advocacy groups to press their case in Washington. According to The Washington Post , even routine finance issues have become risky. While the AAFA is taking its concerns to the government, the National Retail Federation (NRF) has expressed cautious optimism.

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Golden Gate Capital Considers Merging Eddie Bauer And Pacific Sunwear

PYMNTS

The parent company of Eddie Bauer and Pacific Sunwear of California is considering a merger of the two retailers in an effort to consolidate stores, as well as survive a prolonged downturn in the American brick-and-mortar retail sector. Eddie Bauer also declined to comment, while Pacific Sunwear could not be reached for comment.

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Retail Jobs May Not Be In Jeopardy Yet

PYMNTS

Year after year, the retail industry typically welcomes a new influx of workers across all of its verticals. As it turns out, retail industry jobs are actually seeing growth and better pay in the e-commerce arena. Although Cornerstone Capital Group is estimating 7.5

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How Clothing Stores Are Driving Retail Innovation

PYMNTS

To learn more about their customers and increase foot traffic, retailers are testing out new business ideas. In some cases, retailers are dedicating small spaces to brands inside their brick-and-mortar stores. The vast majority of retailers believe in trying new business approaches.

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Fintechs Face Difficult Regulatory Realities on Charters

Bank Innovation

WASHINGTON, D.C. Both regulators said proving the necessary capital and profitability have been particularly difficult for […].

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