Retail Properties of America, Inc. (RPAI), a real estate investment trust (REIT) that owns open-air shopping centers, reported that the company had collected 65.3 percent of Q2 2020 rent as of the end of June. The company also stated that rent collection for June arrived at...
U.S. consumer spending has plummeted since the COVID-19 pandemic led to worldwide closure of nearly everything. However, our recent Buy Now Pay Later Tracker found that the outbreak could be just the ticket to boost BNPL as a way to bring shoppers back from the brink of financial...
Merchants’ needs have changed dramatically due to the pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form,...
In the past two weeks, shopping levels have fallen again as coronavirus cases surge in the United States, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
New York City restaurant patrons who were hoping to dine in on Monday (July 6) as the city enters the next phase of its reopening will have to wait. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Discover Financial Services has launched a $5 million program targeting Black-owned restaurants. The move comes against the backdrop of the COVID-19 economic crisis and the Black Lives Matter protests that have swept the country. Get the Full Story Complete the form to unlock this article...
When the digital economy started to reduce jobs in some areas and create them in others, a more robust “gig economy” developed. All of a sudden, it seemed, being a free agent was cool. Side hustles were in. Uber drivers were freelance writers. Freelance writers...
The death knell for malls tolled loudly in the media during the Fourth of July weekend as retailers continue to assess their long-term prognosis from the pandemic damage. More bankruptcies both announced (Lucky Brand) and rumored continue to shake the format. Get the Full Story...
Amid its ongoing digital commerce transformation, Sally Beauty Holdings Inc. reported third-quarter digital growth of 278 percent over the prior year. The beauty retailer also reported 555 percent digital growth in Sally U.S. & Canada (part of SBS) and 163 percent growth in Sally Europe...
