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Off-Price Retailer Stein Mart Files For Chapter 11

PYMNTS

Off-price specialty retailer Stein Mart, Inc. filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Middle District of Florida, Jacksonville Division amid a challenging retail climate and the pandemic, the company said in a statement. In July, Ascena Retail Group, Inc.

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FIS to Help Stand Up Digital-Only Banks Within 90 Days

Bank Innovation

The Jacksonville, Fla.-based based company’s Core on Demand service, unveiled today, is built on a cloud-native core processing platform and offers online account opening as well as consumer online and […].

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Walmart Reduces Corporate Workforce With Layoffs

PYMNTS

Walmart has reduced its workforce by laying off hundreds in its logistics, real estate and retail location planning divisions as it simplifies its business and reduces its expenses, Bloomberg reported, citing unnamed sources. We are continuing on our journey to create an omnichannel organization within our Walmart U.S.

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Retail Pulse: Luxury Brands Eye Airport Retail; Panera Bread Tests Dinner Menu

PYMNTS

These hubs for travel retail, which are providing an audience of on-the-go travelers as U.S. However, the company’s luxury unit is continually on the uptick — and travel retail is said to be partly responsible. The company said in an announcement that the fleet from Nuro will serve some customers in Houston who make online orders.

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Uber Connect Expands For Holiday Package Delivery

PYMNTS

locations recently added for Uber Connect include Atlanta, Boston, Charlotte, Charleston, Cincinnati, Cleveland, Columbus, Connecticut, Detroit, Fort Myers-Naples, Hampton Roads, Honolulu, Indianapolis, Jacksonville, Kansas City, Las Vegas, Milwaukee, Minneapolis-St.

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EverBank selects FIS’ Digital One banking platform

BankInovation

billion, Jacksonville, Fla.-based TIAA completed the sale of its subsidiary TIAA Bank to private investors in August and the bank has now rebranded as EverBank, according to an EverBank release. As the $34.6 based EverBank operates as […]

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Here’s How The Opioid Crisis Is Losing Retailers $9B A Year

PYMNTS

Major retailers such as Target, Home Depot, Walmart and Lowe’s have been forced to introduce stricter return, store credit and gift card policies in response to a troubling trend. Smith used drugs for the past decade before starting her recovery journey at Gateway Community Services in Jacksonville, Florida. “As

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