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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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Mall Now A Four-Letter Word For Some Operators?

PYMNTS

The Wall Street Journal reports that the “four-letter” word has been getting the boot from … mall operators. There are 90 regional malls that have renovated in just the past four years and, as calculated by property consultancy JLL, 17 have stripped away the “mall” designation. Call them something else, then, it seems.

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US, Chinese Retailers Seek International Footholds, Despite Trade War

PYMNTS

retailers (or any foreign players) to establish a strong presence in the Chinese market. Walmart recently announced it would be using WeChat Pay at all of its stores in China’s western region. Semir will stock the 300 Children’s Place locations with apparel, footwear and accessories and operate the brand’s regional eCommerce business.

Retail 115
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Credit Issues Stalk Malls And Anchor Tenants

PYMNTS

On the optimistic side Elliot Nassim , president of Mason Asset Management, which co-owns the University Mall in Carbondale, Illinois, says: “We have always felt that the retail industry is evolving, despite what doomsday headlines would have you believe. There are about 1,000 malls — both privately and publicly held — operating in the U.S.

NJ 132
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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. PREIT has had to absorb some of the same losses as its colleagues.

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Popular Bank Implements Branch Realignment in the New York Metro Region to Enhance Focus on Communities and Small Business Support

PopularBank

The branch closures, which are expected to be completed simultaneously by January 29, 2021, are projected to reduce annual operating expenses by approximately $13 million. This realignment in our New York Metro market is consistent with our small business and retail services model in South Florida,” said Popular, Inc.

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Square Capital Distributed 76K PPP Loans Totaling $820M

PYMNTS

“In mere weeks, we were able to create an application that made it simple for business owners to complete the PPP application, knowing many Square sellers handle all elements of their business, including financial operations, themselves.”. both saw averages of $13,700; and New Jersey averaged $13,600.

Capital 141