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Retail Bankruptcies, Closures Faster This Year Than Last

PYMNTS

Last year’s lackluster holiday season contributed to 10 retailers filing for bankruptcy in 2019’s first quarter alone, including Payless, Gymboree and Charlotte Russe. The reported noted that a subpar 2018 holiday season was a main factor, with December retail sales dropping 1.6

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 Visa B2B Connect Goes Global

PYMNTS

Today, one in five payments is a cross-border transaction, whether that’s from a consumer traveling internationally or buying from an international seller online,” said Charlotte Hogg, CEO of Visa Europe. The platform can be leveraged to provide services across multi-currency wallets, and real-time notifications on FX transactions.

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US Retail Sales See February Slump

PYMNTS

Eugenio Aleman, senior economist at Wells Fargo Securities LLC in Charlotte, North Carolina, told Bloomberg that one of the reasons February sales growth was relatively weak was due to the delay of tax refunds. percent in February.

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The eCommerce Bachelor: Which City Will Get The Rose?

PYMNTS

Others are offering standard fare such as tax credits — although even that can’t be viewed as “standard” in this race. New Jersey, for instance, is offering more than the price of Amazon’s investment in tax credits, to the tune of $7 billion, if the company puts HQ2 in Newark. Charlotte, North Carolina. What does that mean?

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Data Dive, The Bad, The Worse And The Ugly Edition: Store Closures, Coronavirus And Bitcoin

PYMNTS

By comparison, 2019 saw 9,200 stores closed as brands like Payless ShoeSource, Fred’s, Gymboree, Charlotte Russe, Family Dollar, Forever 21 , Charming Charlie, Sears, Kmart, A.C. And of course, the new year is roughly only a month old. Moore and GameStop either closed down entirely via bankruptcy or radically reduced their footprint.

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CFPB: Are They Coming to Get You?

Jeff For Banks

According to my firm's profitability peer group, a branch with $74 million in average deposits made a mere pre-tax profit of three basis points. For example, think of the Credit Analyst in Charlotte evaluating a rural Indiana ag loan to an Amish borrower. That is a fully absorbed number, with support center expenses allocated to it.

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Startup Roundup: A Look At Local, National And Global Expansions

PYMNTS

Those that felt ready had invested in knowledge of local markets and tax codes, new tech and/or new vendors. CEO Michael Praeger said Salt Lake City shares a similar startup culture with its East Coast office in Charlotte, NC.

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