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Retail Pulse: FAO Schwarz To Open New Flagship; Amazon Expands Grocery Delivery

PYMNTS

Brick-and-mortar retailers have closed flagship locations in recent times, but sometimes these landmark stores make a comeback. The new store, which will be located at 30 Rockefeller Plaza, will feature multiple experiential retail components. The store will also offer magic shows and a grocery shopping experience designed for kids.

Retail 116
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Lowe’s Now Offers Prepaid Credit Cards For Construction Crews

PYMNTS

PaymentsSource reported that while Lowe’s has long offered financing through its private-label credit card programs, this option is a poor fit for construction crews that need to manage ongoing expenses. Lowe’s new service is built on the BizNow platform, which Jacksonville, Fla.-based

Cards 100
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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. For example, as reported by Forbes, auditor Grant Thornton wrote that “management believes” it can meet its financial obligations through February 2021. In 2019, we increased GPU by $750. Ontario (L.A.),

Company 130
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CFPB announces new appointments to advisory groups

CFPB Monitor

Lynn Drysdale, Managing Attorney, Consumer Law Unit, Jacksonville Area Legal Aid, Inc., Jacksonville, FL. Retail Bank, Citibank, New York, NY. Arjan Schutte, Founder and Managing Partner, Core Innovation Capital, Los Angeles, CA. The new members are as follows: Consumer Advisory Board Members. Ian Ayres, William K.

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Data Dive, Better Together Edition: Worldpay, FIS, Google, eBay, PayPal, Instagram

PYMNTS

The combined company will retain the FIS name and will be headquartered in Jacksonville, Florida. We started to really think about how [we] not only simplify integration and onboarding, but [how to] better manage operations on an ongoing basis,” he said. “We merchant customers. “We eBay Drafts Google Pay.

Google 126
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Getting Mobile Ready

Independent Banker

Big-brand megabanks, the Visa and MasterCard networks, and big-box merchants had signed up to become partners with Apple’s universal retail smartphone app that uses Near Field Communication and tokenization technologies. Epperson, a managing director at the global business advisory firm AlixPartners LLP. Is Mobile Fully Catching On?

Mobile 105