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Today In Retail News: Philadelphia Mall Reopens, Ralph Lauren Cuts Workforce

PYMNTS

In today’s top retail news, Philadelphia Real Estate Trust reopens its newest property, Ralph Lauren cuts its workforce and Mall of America offers space to local businesses. Philadelphia Mall Owner Takes Care Of Its Own. Mall of America To Provide 'Community Commons' For Local Companies.

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JPMorgan Bucks The Trend, To Open 50 New Branches In Philadelphia

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CNBC, citing an interview JPMorgan Chase Chief Executive Jamie Dimon had with Jim Cramer on Squawk Alley, reported the company is gearing up to open 50 new branches in Philadelphia, Delaware and southern New Jersey during the course of the next five years. in an effort to strengthen its retail business. JPMorgan is the largest U.S.

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Banks and CDFIs: Partnering for community impact

Abrigo

And to thrive, those customers need economically diverse and healthy communities in which to live and work. Partnering with local organizations to promote the health of those communities is often a top priority for banks. communities where capital tends to be scarce. Banks and CDFIs will also frequently co-invest in projects.

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WeWork Steps Into Retail With J.Crew

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The talks — and the retail offerings — will come to WeWork spaces in New York, San Francisco, Atlanta and Philadelphia, Glossy reported. These events will bring together inspiring professionals and unique voices to talk about what success and the power of community means to them,” Skyler told Glossy.

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Philly Mall Owner Sets The Tone For Digital 3.0

PYMNTS

A Philadelphia-based mall owner is taking a proactive approach to the digital shift and back-to-school shopping. PREIT (Philadelphia Real Estate Investment Trust) is curating its first eCommerce offering in what it says is a unique avenue to engage consumers from a multi-retail perspective.

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Sweetgreen Reverses Cashless Approach

PYMNTS

To accomplish our mission, everyone in the community needs to have access to real food.” for the community, the company and the customer. In other cashless payment news, Philadelphia recently passed a ban on cashless stores – the first big U.S. With the new law, most retail outlets would have to accept physical currency.

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ATMIA Weighs In On Cashless Retail Ban Debate

PYMNTS

Amazon, of course, stands out as a marquee name in the move to make the retail experience wholly digital commerce. A similar ban has already passed in New Jersey and similar legislation has been backed by legislators in Philadelphia and signed into law this past week. Much has been made of the coming of the cashless society.

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