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Local Governments Move In On Retail Vacancies

PYMNTS

It was supposed to be a thriving retail center in Milwaukee when it was built seven years ago. The DEO “seeks concepts and an operator to program the space to boost innovation and entrepreneurship, demonstrate creative placemaking and feature the Made in Fairfax Network. But it never happened. Starting Jan.

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Canada’s TFI To Acquire UPS Freight In $800 Million Deal

PYMNTS

Canadia's TFI International (TFI) is acquiring Richmond, Virginia-headquartered UPS Freight for $800 million in a deal anticipated to close in the first quarter of 2021. TFI, which includes truckload, less-than-truckload and logistics operations, reportedly generated revenue of approximately $4.1 and Canada. billion in 2019.

Virginia 267
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Is Amazon’s Delivery ‘Purge’ A Boon To Last-Mile Rivals?

PYMNTS

As reported last week, Bear Down Logistics is no longer working with Amazon, with the firm cutting hundreds of jobs in the wake of that severance, and effectively ceasing operations across five states. Postmates said its overall Delivery-as-a-Service has leapt by more than 300 percent year over year across retailers.

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Are Online Merchants The Mall’s Unlikely Salvation?

PYMNTS

One might imagine that mall operators nationwide take a rather jaundiced view of the internet, since online shopping has more or less killed the mall. But perhaps that is the old conventional wisdom — the emerging idea is that online retailers are giving back some of what they’ve taken away these days. “We

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Restaurant Business Serves Up Mixed Plate For 2020

PYMNTS

To be successful, restaurant operators will look to strike the perfect formula of on- and off-premises for their business as consumers strive for convenience, but continue to look to the social escape that restaurants provide. New chains could quickly emerge regionally or nationally.”.

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What’s Next For Real Estate In Amazon’s HQ2 Cities?

PYMNTS

The Seattle-based eCommerce operator and cloud computing provider decided to build in both Crystal City, an urban area in North Virginia near Washington, D.C., In addition, jobs will be created in coffee shops, restaurants, retail stores and with various service providers to support Amazon workers, of course. “I

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2021 GonzoBanker Awards

Gonzobanker

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. From nowhere, sizable regional players are being created. Performance and multiples continue to be solid, outperforming most regional banks. Goes to Larry Mazza and the crew at MVB Bank in West Virginia.

Fintech 147