article thumbnail

Big Retail, Landlords Fight Over Rent At Closed Stores

PYMNTS

Some other names include office retailer Staples, French luxury conglomerate Louis Vuitton and fashion retailer Burlington Stores. However, some states like Ohio, Wisconsin and California have implemented policies making it harder for landlords to evict tenants for nonpayment during the pandemic.

Retail 173
article thumbnail

Retail banking trends to look out for in 2023

Independent Banker

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Telltale Signs: Warehouse Leasing Vs Retail Leasing

PYMNTS

It’s a good time in America to have a retail space ready to rent out — eCommerce merchants are on the hunt and signing large contracts. The supply chain arms race is as competitive as it’s ever been,” said Adam Mullen, CBRE’s senior managing director of industrial and logisitics, Americas leader. “The

Retail 122
article thumbnail

Grocery Roundup: New Amazon Fresh Store, SpartanNash Puts Incentives In ‘Fast Lane,' Walmart On Autonomous Delivery

PYMNTS

The news comes as the first Amazon Fresh opened , with the eCommerce retailer providing access to the general public to the Los Angeles store in September. As it stands, 69 SpartanNash stores in Wisconsin, South Dakota, North Dakota, Nebraska, Minnesota and Michigan provide the Fast Lane offering.

article thumbnail

Study: Automation Will Hurt Manufacturing-Heavy Midwest

PYMNTS

Wisconsin, Iowa and Ohio, which are heavy manufacturing states, will be the hardest hit. Overstocking costs retailers about $470 billion annually, according to one of the most recent estimates. Certain states will be heavily affected, like Indiana, Kentucky, South Dakota, Arkansas and Alabama.

Study 134
article thumbnail

32 Corporate Innovation Labs In Retail

CB Insights

The impending “death of retail” has been projected for decades. But, in an increasingly digital world, brick-and-mortar retail shops are embracing new ways to disrupt the system and get an edge on customer attention. One popular choice: retail innovation labs. Get the 54-page retail report. Founded: 2015.

article thumbnail

Walmart Exec Takes Top Job At Mills Farm

PYMNTS

Mills Fleet Farm and its new owner, investment firm KKR, announced that Duncan Mac Naughton, the former chief merchandising and marketing officer at Walmart, would be joining the retailer as its new CEO. Hugh Leasum was raised to COO and will report directly to Mac Naughton. “I

Wisconsin 100