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Goldman Sachs To Acquire Credit Card Company Final

Bank Innovation

Goldman Sachs has agreed to purchase fintech startup firm Final, as a part of its efforts to expand in retail-banking products. Oakland-based Final is a credit card service, which announced that it would close its card portfolio back in December. Terms of the transaction were not disclosed.

Oakland 170
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More Retailers Are Checking Into Hotels In Search Of Innovation

PYMNTS

Part of the future of retail is playing out inside hotels — and that’s happening as the wider part of the travel-and-tourism industry is undergoing its own significant disruption. One of the latest — and perhaps wildest — examples of the hotel-retail trend comes from Taco Bell, of all places. Unattended Retail. Deeper Trend.

Retail 116
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Clothing Reseller ThredUp Files For IPO

PYMNTS

Online clothing retailer ThredUP has filed confidentially for an initial public offering (IPO) in the U.S., The company, based in Oakland, California, is one of the growing numbers of eCommerce sites trafficking in used goods, competing with old stalwarts like Salvation Army Thrift Stores. Bloomberg reports.

Oakland 222
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Simon?Drops $3.6B Mall Deal, Sues Taubman Centers

PYMNTS

In a complaint filed with the Oakland County Circuit Court in Pontiac, Michigan, Indiana-based Simon Property Group said it is suing Taubman Centers for violating terms of the deal. By midday, Taubman’s stock was down by nearly 22 percent at $35.42 after closing at $45.25 on Tuesday (June 9), according to Yahoo Finance. “The

Michigan 131
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Amazon Takes Territory In US And Beyond

PYMNTS

Oakland, San Jose, San Francisco, Detroit, Austin, Boston and Chicago. This Bay Area city advertised ample office options at one-half to one-quarter the price of nearby Oakland and San Francisco. Township leaders are ecstatic, yet some fear the company could kill more jobs than it creates because of its threat to the retail sector.

San Diego 164
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Coronavirus Puts B2B Payment Timing In A Tailspin

PYMNTS

million is being sought by one supplier of furniture retailer Loves Furniture & Mattresses , The Oakland Press reported. The vendor has filed a lawsuit, accusing the retailer of failing to pay the $1.8 million invoice for products delivered late last year. as part of consolidation efforts.

Payments 175
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Uniqlo Launches Clothing Vending Machines

PYMNTS

Retail is undergoing a transitional time and merchants are starting to implement more innovative ways of attracting consumers. One of the latest companies looking to take a new approach to reaching consumers in a more convenient fashion is Japan-based clothing retailer Uniqlo with the launch of its vending machines.

Oakland 115