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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. But apparently they’re doing something right in Philadelphia. Caught in the middle of this customer squeeze are real estate investment trusts (REITs).

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Digital Shift, COVID Fears Push Black Friday To Brink Of Irrelevance

PYMNTS

The stock market dropped 20 percent and foreign trade stopped. A summer headline from The Philadelphia Tribune declared: “Black Friday as we know it is finally dead.” I can't imagine retailers buying inventory to stock up for an event designed to pack hundreds of people into a store. There are so many risks to that,” he said.

Retail 221
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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. This year we expect another year of market-leading growth. Our cohort growth was broad based with many markets crossing key milestones.”. New Markets. In 2019, we increased GPU by $750.

Company 130
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Guest Post: 2013 Economic Year in Review and Outlook by Banker Dorothy Jaworski

Jeff For Banks

He was just in Philadelphia on January 3rd delivering his last public speech and he nostalgically proclaimed that “the recovery remains incomplete,” which will qualify his comment for the understatement of the year award. Mortgage rates rose just as much and they may potentially damage the housing market recovery. once again.

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If Cash Won’t Die, Why Not Manage It Better Digitally?

PYMNTS

However, even as the use of cash declines, there is mounting evidence that it’s not going anywhere, whether it be the ongoing political backlash to the concept of a cashless retail economy or merely the realization among many consumers that using cash instead of credit cards is a better way to keep from sinking into debt.

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Bringing Deep Discounting To One Of America’s Most Expensive Streets

PYMNTS

So much value, in fact, that Five Below has expansion fever in a retail era when it seems most merchants are trying to figure out how to curtail the size of their physical footprint. Today, the Philadelphia-based chain has about 600 stores sprinkled throughout the United States, with a goal of increasing that count by the end of the year.

New York 100
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Uber Of X: Truxx Is The Uber Of Moving

PYMNTS

We sat down with Truxx’s Founder and CEO, Carlos Suarez, to learn more about what inspired him to develop this company and how Truxx is helping the middle market of moving. We are also expanding into retail partnerships as a “last mile” service. TruxxRetail is for pickups at a partner retail location. TruxxMe is driver-only.