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Why Goodwill Regions Are Tapping Into Digital Marketplaces

PYMNTS

To bring their merchandise in front of millions of shoppers through eCommerce, several Goodwill regions are teaming with mobile marketplace OfferUp. More than 100 Goodwill store locations ranging from New York to San Francisco are uploading products like collectibles, clothing and furniture to the platform to drive in-store and online sales.

Regional 145
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Modell’s Sporting Goods In Bankruptcy, Will Shutter All Stores

PYMNTS

With a longtime presence in New York and surrounding suburbs, Modell’s has 153 stores mostly located in the northeast region. But it has now become the latest in an array of New York retailers to file for bankruptcy, following luxury retailer Barneys New York and grocer Fairway Market.

New York 144
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Mastercard On Helping Retailers Strike The Right Innovation Balance

PYMNTS

And nowhere is that aphorism better illustrated over the last decade than with the statistic that more than 90 percent of all retail sales took place at brick and mortar stores. It gave retailers the illusion that digital was the retail cart driven by the physical store horse. The answer, she noted, is complex.

Retail 168
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Amazon Sets Sights On Southeast Asia

PYMNTS

So where to next for the omnichannel retail giant? The move comes as part of a larger targeting of Southeast Asian markets, according to TechCrunch , starting with beginning selected regional services in Singapore in the first quarter of 2017. That’s less than New York City. Singapore, it turns out.

Regional 148
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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. REITs are not exactly a source of good or even consistent news these days. But apparently they’re doing something right in Philadelphia.

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CRE risk management: Navigating hazards and opportunities

Abrigo

Use portfolio risk management tools, which make it easier to continue supporting local and national economies prudently. The point is this: There’s a lot of these surveys, and when you read them, they are New York City, San Francisco, Chicago. Certainly, one asset class, the regional mall, is quite dead,” Kirby said.

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Small Banks Vow To Protect Regulations Keeping Retailers And Tech Giants Off Their Turf

PYMNTS

The proposal by the OCC was made at a banking conference in New York. Needless to say, the nation’s small banks and their representatives are less than wholly thrilled. I don’t think Amazon wants to become a bank,” he said during a CEO roundtable at an industry conference in New York Tuesday.