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Durant’s Decision: How Star Athlete Departures Impact Brands, Retailers

PYMNTS

From an economic standpoint , James’ departure, which he announced in a highly controversial one-hour primetime special broadcast on ESPN entitled “The Decision,” was immediately felt in Cleveland and to the value of James’ own brand. This was handled much better than LeBron handled ‘The Decision’ in 2010,” Rishe said by email.

Branding 101
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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

billion, on an 82 percent increase in retail sales. That is the most organic growth of any automotive retailer ever in the U.S. This year we expect another year of market-leading growth. Our cohort growth was broad based with many markets crossing key milestones.”. New Markets. In 2019, we increased GPU by $750.

Company 130
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How Boutique Trucks Are Bringing New Meaning To Fast Fashion 

PYMNTS

Food trucks have been around since the 1970s, when taco trucks began making the rounds in New York City, but didn’t become a national sensation until 2008 when two events coincided in such a way as to make a long extant — but largely niche — subsegment of the restaurant game into a mass market phenomenon. It’s the social aspect.

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Visa’s PayWorks Acquisition, Amazon’s Prime Day Top This Week’s News

PYMNTS

Cleveland-based regional banking firm KeyCorp disclosed a massive instance of fraud that could potentially come at a cost of $90 million. PayPal is rolling out international digital money transfer service Xoom in the United Kingdom as well as 31 markets spanning Europe. and closed at $204.87. Payroll Fraud Could Cost KeyCorp $90M.

Cleveland 128
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ORACLE: Swinging the Bat in Cloud Services

Celent Banking

My primary motivation for attending OpenWorld was to get an update on Oracle's two banking platforms — the new flagship Oracle Banking Platform (OBP) aimed at large retail banks and its stable mate FlexCube , the universal banking platform deployed by nearly 600 banks globally.

Chicago 100
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Fizzle Of The Week: Economic Cooperation (The Trade Kind, That Is)

PYMNTS

There was the fizzle of the stock market – measured by volatility and whipsaws, which nobody liked or likes. It’s not the conventional definition of national security.”. National security might, we think, also include things like job security and wages and, of course, the stability of the consumer’s pocketbook.

New York 101
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The Retail Politics Of Trump And Airbnb

PYMNTS

Politics and retail usually mix like oil and water. Hipmunk released data last week that showed bookings to Trump Hotels have suffered a marked decline ever since their namesake’s political campaign has been an issue in the national consciousness. Bookings at lodgings under the Trump banner have fallen an average of 59.3