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‘Non-Essential’ Retailers Step Up For Their Employees

PYMNTS

But for non-essential retail, stepping up takes more commitment, risk and money. It’s in the non-essential category that true retail heroes are showing up amid the coronavirus pandemic. 1: In Detroit Bedrock LLC real estate company is giving free rent for the next three months to its small-business retail and restaurant tenants.

Retail 167
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Newegg Victim Of Data Breach That Lasted A Month

PYMNTS

Newegg, the electronics retailer, was reportedly the victim of a data breach that lasted a month. The breach of Newegg shows the true extent of Magecart operators’ reach,” said Klijnsma in the report. Newegg isn’t the only retailer to fall victim to a data breach. 14 through Sept.

Data 161
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Five At Five: Amazon Is Making It Big In B2B

PYMNTS

federal judge says that securities law applies to crypto fraud, China has a lead in an important patent area and a major bank makes a big investment push in cities. Amazon’s B2B Unit Growing Faster Than Retail. 11), touting the success of the operation four years after its launch. reported Reuters.

Detroit 100
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Philadelphia Mall Owner Takes Care Of Its Own

PYMNTS

There’s arguably no more polarizing macroeconomic issue in the retail world than the fate of the American mall. The problems start with how retailers view and serve the customer. It was an amalgamation of numerous challenges, either ignored or wrongly addressed, that has led to the question of relevance plaguing the industry today.

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Second Largest US Mall Owner Defaults On Loan Payment

PYMNTS

One such case is that of the Detroit-based Lakeside Mall that has defaulted on a $144 million loan payment. The property is operated by the second largest U.S. For many years, people thought the retail business in the U.S. billion of retail property loans are set to mature, according to Bank of America Merrill Lynch.

US 100
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Beyond Amazon Go: The Technologies And Players Shaping Cashier-Less Retail

CB Insights

Traditional retail is getting an upgrade. Despite the rise of e-commerce and mobile, the physical channel still plays an important role in consumer experience — and retailers are increasingly leveraging technologies to stay afloat. Get the entire 54-page retail report. Why Are retailers are pivoting towards cashier-less retail?

Retail 71
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Stepping Into 21st Century Hospitality With Apartments And Technology

PYMNTS

As a result, the company can architect all the elements of its operation from technology to process and its people from the ground up with insight from the current day. Beyond Frontdesk, Mint House aims to deliver a hotel-like experience that is trusted and secure as well as built on a suite of amenities powered by technology.