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Nordstrom Shutters Oregon Store As It Pushes To Go Private

PYMNTS

Nordstrom is making the rare move to shut down a full-line department store in Salem, Oregon, a decision that will likely cost about 130 workers their jobs. The company operates roughly 360 brick-and-mortar stores today, more than 200 of which include its off-price brand, Nordstrom Rack. Store closure announcements in the U.S.

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Oregon-Based Simple Bank Laying Off Nearly 10 Percent Of Workforce

PYMNTS

Portland, Oregon-based online bank Simple reduced its workforce by nearly 10 percent earlier this week, marking its second round of layoffs in 2017. Among executives leaving the company are its chief marketing officer, chief people officer, vice president of operations and vice president of engineering, according to the report.

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Restaurant Operator Blames Bankruptcy On Wage Hike

PYMNTS

an eatery operator with 35 restaurants, has filed for bankruptcy and is blaming the misfortune on a recent minimum wage hike in court filings, according to a report by Bloomberg. As a large employer in the Seattle metro market, for instance, the company was one of the first in the market to be forced to institute wage hikes.”.

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7-Eleven Launches Beer Delivery In Select US Markets

PYMNTS

Convenience store operator 7-Eleven is launching beer and cider delivery in select U.S. ” According to Fortune , the company will test the service in 18 markets: Austin, Texas; Charlotte, North Carolina; Chicago, Illinois; Dallas-Ft. .” Customers can place their beer orders via the 7Now app.

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What #Banking Trend Will Have the Greatest Impact on Your Bank?

Jeff For Banks

This was the question posed to Bank Profitability students as part of the Oregon Bankers' Association's Executive Development Program (EDP). But not until $1 trillion went from banking to money markets. And, according to some EDP students that are lenders, are turning to the shadow banking market that do not have deposit demands.

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i2c, Sightline Team Up For Cashless Cross-Channel Gaming 

PYMNTS

Its client roster includes MGM Resorts, Caesars Resorts, and Hard Rock Hotel and Casino; the Oregon and Pennsylvania state lotteries; Churchill Downs; Golden Nugget online; and DraftKings, FanDuel, William Hill, and Rush Street sports, among others. Going cashless also aids cost-cutting by way of more efficient operations.

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Reinventing The Baby Care Market With Exclusive ‘Premium’ Brands

PYMNTS

It is the accessibility center — we grew up in Detroit and have family in Ohio and Oregon,” Bell told WWD. And in terms of the bigger picture, Statista data indicates that the baby care market is expected to rise above a projected $11.4 The Market For Premium Brands. It’s a one-stop-shop. billion in 2018 to $13 billion in 2021.

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