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Walmart Reshuffles Operations As It Pushes To Stay Competitive

PYMNTS

When the going gets tough, the tough restructure their retail operations in an attempt to better facilitate change. Consolidation is coming to Walmart starting today, when six retail business units will be contracted down to four, according to a recent news release. Well, they do if they’re Walmart anyway.

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‘Non-Essential’ Retailers Step Up For Their Employees

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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.

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Polish Investors Hopeful For eCommerce After Allegro IPO

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Online retailer Allegro.eu MCI sold one of its own portfolio companies, data center operator ATM Group, to a fund backed by Goldman Sachs for $135 million, Bloomberg reported, and the recent deals have generated optimism among the private equity fund's leadership.

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Today In Payments: Coronavirus To Trigger $820B In Corporate Travel Losses; Uber To Sideline Riders, Drivers With Coronavirus

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Scharf, who came on as CEO four months ago, pointed to new leadership and a flatter organizational structure as important elements of the firm’s plans for progress. How Amazon’s Cashierless Tech Will (or Won’t) Change the Physical Retail Landscape. The eCommerce giant is now offering it to other retailers, with some caveats.

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ADVANCE.AI Consortium Seeks Singaporean Digital Banking License

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Their holders can take deposits from retail customers, but must have $1.5 billion in capital on hand, and be governed by Singapore leadership. Their holders can take deposits from retail customers, but must have $1.5 billion in capital on hand, and be governed by Singapore leadership.

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Simon Properties Dodges Amazon Questions

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By the numbers, America’s largest mall operator reported net income for the second quarter at $254.2 Funds from operations (FFO) was $746.5 As expected, both domestic and international operations were hit hard by reduced lease income and ancillary property revenues as a result of the pandemic. million compared to $495.3

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Data Dive, The Bad, The Worse And The Ugly Edition: Store Closures, Coronavirus And Bitcoin

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There was lots to watch in the world of payments and commerce last week, with red flags flown in physical retail, international commerce and crypto. Physical Retail Stumbles Into 2020 . The year got off to something of a rocky start for physical retailers, as the recent spike in store closures carried on and even picked up strength.

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