Banking Exchange

FEBRUARY 17, 2021

Greenwich Associates reports widening gap in digital investment between national and regional banks Community Banking Feature3 Feature Technology Retail Banking Covid19 PPP Customers Tech Management Mobile Online.

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PYMNTS

JULY 6, 2020

The death knell for malls tolled loudly in the media during the Fourth of July weekend as retailers continue to assess their long-term prognosis from the pandemic damage. But the focus of developing the mall has fallen to housing as anchor tenants, not retail. on the residential component.

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Independent Banker

JANUARY 31, 2022

Here’s how four community banks are thriving in this environment. Clearly, community banks in the region have plenty of opportunities to do what they do best: forge deep and lasting relationships with their customers and communities. These include family-owned businesses, community businesses and operating companies.

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Texas San Antonio Community Bank Community 182

PYMNTS

MARCH 12, 2020

Quick: Who’s the biggest retailer in the U.S.? In terms of sheer size and locations, the United States Postal Service (USPS) is the biggest retailer in the country, with 31,000 locations covering pretty much every town. Now, a new report is asking a good question: What if the post office expanded its retail offerings?

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PYMNTS

OCTOBER 9, 2020

As the CEO of social impact commerce platform ShoppingGives , he said he has seen retailers , consumers and non-profits step up at a critical time in everyone’s lives, and he has been able to apply technology and a keen awareness of the business side of philanthropy to build a unique marketplace. million charities.

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Retail Examples Regulation Resources 230

Abrigo

MARCH 9, 2017

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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PYMNTS

DECEMBER 10, 2018

The scope of late payments in the United Kingdom continues to be illuminated across government reports. Among the latest is a report from the Business, Energy and Industrial Strategy Committee, or BEIS for short, that shows continued impact on smaller firms. Travel agency Thomas Cook took an average of 88 days to get suppliers paid.

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Independent Banker

JUNE 30, 2022

But there are ways community banks can help mortgage-seekers get on the property ladder. According to the 2022 Home Buyers and Sellers Generational Trends Report published by the NAR, there are some clear generational trends in the homebuying market. So how can community banks help? By Beth Mattson-Teig.

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Community Bank Community Millennials Resources 143

PYMNTS

JANUARY 26, 2021

In today’s top retail news, the U.S. The retailer said the move is part of a plan to execute a “store footprint optimization plan, including the contemplated exit of unprofitable locations.” percent of households reported last month that they had made a minimum of one large purchase. L’Occitane’s U.S.

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PYMNTS

APRIL 3, 2020

Treasury Secretary Steven Mnuchin said community banks have helped process many of the small business Paycheck Protection Program (PPP) loans. The relief is meant to support the economy during the worldwide COVID-19 pandemic, CNBC reported. Big banks taking applications and will submitting them shortly.”

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Community Bank Community social media America 152

PYMNTS

APRIL 17, 2020

At long last, the retail community can start discussing plans to reopen. The Trump administration’s informal guidance released on Thursday (April 16) did not exactly clarify the situation, but some nonessential retailers are going public with reopening plans, and these might provide a roadmap for smaller companies.

Retail 153

Retail North Dakota West Virginia Los Angeles 153

PYMNTS

DECEMBER 11, 2020

Instacart’s bonuses come at a time of rising competition in the grocery delivery industry, as rivals like Shipt, Peapod, Walmart and Amazon Fresh are all seeking to add employees to pick, pack and deliver orders for the fast-growing retail subset. Battle Goes Beyond Groceries.

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Community United States Guidelines Retail 154

PYMNTS

JANUARY 23, 2020

23) passed a ban on cashless food and retail stores. Applebaum added that communities of color in New York City are more than twice as likely to lack access to a bank and are less likely to host a branch of a bank than the national average. The New York City Council on Thursday (Jan.

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New York City New York Retail social media 236

PYMNTS

MARCH 31, 2020

High-level market intelligence about the $18 billion expected to be invested over the next three years is a major focus of the March 2020 Automated Retail Tracker™ from PYMNTS , which serves as a bimonthly breakdown of developments in this rapidly growing business sector. Amazon Go’ Cashless. UR Making Me Laugh.

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PYMNTS

AUGUST 5, 2020

CVS posted strong second-quarter earnings, upped its estimates for 2020 profits and renewed its commitment to fighting COVID-19, the company reported on Wednesday (Aug. Also, CVS said, its retail segment was affected some by shelter-in-place orders. Total revenues increased by 3 percent, to $65.3 billion, from $1.93

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PYMNTS

AUGUST 31, 2020

Last week, TikTok’s interim head said the popular video-sharing app and the retail giant have lots in common and she likes the pairing. “I We’ve been providing that for our creator community as another way for them to earn a livelihood.”. Google’s parent company, and SoftBank.

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PYMNTS

FEBRUARY 11, 2020

Square For Retail is now available on Square Register , allowing the retail point-of-sale (POS) solution to run on Square’s end-to-end, integrated POS system, the Silicon Valley company announced on Tuesday (Feb. The integrated solution enables retailers to leverage software, hardware and payments on a single comprehensive platform. .

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Retail Payments Software Customer Experience 140

PYMNTS

JULY 15, 2020

The trend was reinforced this week by a half-year status report from footwear resale marketplace StockX. The company announced in its report that it has reached $2.5 The sneaker market is changing, too, according to the report. Sites like thredUP and Poshmark have experienced a surge in consumer activity. Now that is safe.

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Report Marketing Trends Community 185

PYMNTS

APRIL 17, 2020

At long last, the retail community can start discussing plans to reopen. The Trump administration’s informal guidance released on Thursday (April 16) did not exactly clarify the situation, but some nonessential retailers are going public with re-opening plans, and these might provide a roadmap for smaller companies.

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PYMNTS

MARCH 18, 2020

In normal times consumers look for three things from a retailer: price, product and location. In fact, a pre-crisis PwC report showed that 14 percent of respondents said trust in a brand is the number one reason (other than price) why they shop at a retailer. What do consumers want from retailers now?

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Retail Branding social media Online 153

PYMNTS

JUNE 1, 2020

This time around, the Indian government has rejected Walmart ’s plans to gain a retail license for food through its eCommerce subsidiary, Flipkart. As reported by PYMNTS , shopping portal JioMart was launched just days after Facebook said it would invest $5.7 The company reportedly plans to re-apply.

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PYMNTS

FEBRUARY 24, 2020

As 2020 unfolds, the retail business has been dramatically altered. But with consumer spending holding steady, it’s important for retailers to grasp the opportunity to create innovative ways to get, keep and grow customers. And retailers that deploy experiential tactics drive repeat purchases at rates nearly twice those who don’t.

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PYMNTS

FEBRUARY 21, 2019

s Housing, Communities and Local Government Committee is calling on internet retailers to pay higher taxes to help struggling offline retailers in the country’s shopping districts. According to a report in Bloomberg, the U.K. retailers is eCommerce. According to the report, the U.K. It pays around 0.7

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PYMNTS

JUNE 10, 2020

As retailers reopen and take stock of new post-pandemic consumer dynamics, the role of industry trade groups is changing. Groups like the National Retail Federation (NRF) focused more on economic forecasts and supply chain issues as other advocacy groups that have taken the fight for more stimulus dollars to Washington, D.C.

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PYMNTS

NOVEMBER 11, 2020

The development of a COVID-19 vaccine is positive news for retailers as they find themselves once again on the front lines of the surge in the pandemic. During the first series of lockdowns in April and May, “essential” retailers were allowed to stay open. If a retailer sold food, it was essential. based but global in scope.

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PYMNTS

SEPTEMBER 22, 2020

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. Mall of America To Provide 'Community Commons' For Local Companies. Philadelphia Mall Owner Takes Care Of Its Own.

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Philadelphia Retail Las Vegas America 173

PYMNTS

JUNE 1, 2020

Riots and looting over the weekend have taken their toll on retail reopening plans all over the U.S. Retail locations of all types and brands went unspared, from Los Angeles to New York City, as protests turned violent. While that retail recovery was not spectacular by any means, it did appear to be growing consistently.

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Banking Exchange

APRIL 12, 2021

Association responds to recent NPR report on the closure of bank branches Community Banking Feature3 Feature Financial Trends Retail Banking Performance Customers Branch Technology/ATMs.

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Report ATM Community Bank Community 78

PYMNTS

JULY 6, 2020

If your business touches retail in any way, it might pay to follow a few important breadcrumbs. Nike posted its lowest quarterly sales in two years, along with a $790 million quarterly loss, when it reported its Q1 2020 earnings in late June. It reportedly purchased this digital upstart — one with a reported (and very small) $3.9

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PYMNTS

MARCH 18, 2020

Retailers around the world are shutting their doors or reducing hours in an attempt to slow the spread of the fast-moving coronavirus, according to reports on Wednesday (March 18). Disney shuttered its resorts and theme parks as well as its retail stores. Addidas and Nike are closed worldwide. president in a statement.

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PYMNTS

MAY 11, 2020

As retailers, especially those marked non-essential, move to digital commerce platforms they’re also finding new ways to stay in touch with customers during the pandemic. As a result of the pandemic crisis it is urging its retail accounts to stay in touch with their customers via mobile, most specifically through SMS (short message service).

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Retail Branding Mobile Analytics 176

Independent Banker

JANUARY 1, 2022

To have a true impact on the needs and expectations of today’s consumer, financial institutions must adopt successful practices from retail sectors, such as e-commerce, travel and entertainment that successfully deliver on expectations for consistent, personalized experiences through every stage of the buying journey. Gaining Trust.

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Retail Community Branding Study 103

PYMNTS

JUNE 4, 2020

Online commerce has soared during the pandemic, prompting retailers of all types and sizes to leverage how they use digital channels to bring back customers while a full return to physical retail remains months away. But the biggest innovations are coming to online retail. percent reported doing so as of May 23.

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Retail Branding Online New York 132

PYMNTS

MARCH 10, 2020

This, according to some reports , has caused some system-wide refocusing, as marketing and advertising budgets are shrinking drastically. That’s because, Vogue Business noted, part of those enhanced efforts in community building are actually flowing into more out-of-the box and less-expected channels.

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PYMNTS

JANUARY 28, 2020

And in the world of retail, those choices — about where to invest — are becoming harder and colder for some executives as they try to figure out where commerce is going in the next few years, and what is worth putting fresh money into. Kohl’s is set to report fourth-quarter and full-year 2019 financial results on March 3.

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PYMNTS

FEBRUARY 7, 2020

Brick-and-mortar retailers are testing convenience store designs that let consumers skip the checkout line and pay for their purchases with their mobile phones. 7-Eleven President and CEO Joe DePinto said in an announcement , “Retail technology is evolving at a rapid pace, and customer expectations are driving the evolution.

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PYMNTS

MARCH 27, 2020

The divide between essential and non-essential retail grows bigger by the day as deep discounters and dollar stores continue to add stores, employees and revenue during the COVID-19 crisis. We’ve had pretty much 100 percent cancellation from all major retailers,” he said , naming Macy’s Inc., Nordstrom Inc., TJX Companies Inc.

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