Retailers’ Bankruptcies Shine A Light On Gift Cards And So-Called ‘Breakage Income’
Gift cards may be the gift that keeps on giving – not just for the recipients, but also for the companies that issue them. Consider the enduring popularity of these plastic offerings (and their virtual counterparts). If you get one as a gift, it gives you the flexibility to choose what you want to buy – … Continue reading Retailers’ Bankruptcies Shine A Light On Gift Cards And So-Called ‘Breakage Income’ Continue Reading
To help companies obtain inventory financing for supplier payments, supply chain provider RSA Global has unveiled a partnership with small- to medium-sized business (SMB) financial firm Invoice Bazaar, according to a press release. The collaboration between the two Dubai-based firms lets RSA Global provide its clients with the ability to receive financing with inventory located at its buildings used … 
Signet Jewelers, the parent company of some of the best-known jewelry chains — including Kay Jewelers, Zales and Jared — plans to permanently close nearly 400 stores. In a statement announcing its first-quarter results on Tuesday (June 9), the Hamilton, Bermuda-based company reported its stores had strong sales in February for Valentine’s Day. But for the three months that … 
The number of Nintendo accounts compromised by hackers was nearly double the amount reported two months ago, according to TechCrunch. The Japanese gaming company originally announced in April that 160,000 of its accounts were compromised in a Nintendo Network ID hack, putting account owners’ names, email and physical addresses, birth dates and payment methods out in the open. … 
AMC Entertainment, the U.S. theater chain, reported a decline in earnings for the first quarter ending March 31, with a $941.5 million drop in revenue. That’s down from $1.2 billion year over year from 2019, according to the company’s earnings report, released June 3. The numbers were affected by the coronavirus, which has crippled theaters whose only revenue consisted … 
An awful lot of time has been spent studying how the average consumer will react to the U.S. economy’s “grand reopening.” How do they feel about getting back out there? Are there activities they’ll miss? What will they avoid? The questions are nearly endless, but not quite answerless. PYMNTS has spent the past 12 weeks surveying to … 
China’s Tencent is looking to build its own city, called Net City, including corporate offices, apartments and a school on a 21-million-square-foot development the size of midtown Manhattan, The Wall Street Journal reported. Jonathan Ward, design partner for project architect NBBJ, said the idea is a “sustainable city of the future,” WSJ reported. The multinational conglomerate is planning the … 
How the mighty have fallen — on hard times. Neiman Marcus reportedly may vacate its fashionable year-old digs at the Shops at Hudson Yards in New York City, as its landlord is shopping it to potential tenants as office space. Related Companies and Oxford Properties, developers of the upscale megamall on Manhattan’s West Side, are said to be … 
Answering the call to provide more help for small- and medium- sized businesses (SMBs), the Federal Reserve Board has made adjustments to its Main Street Lending Program. The Fed announced on Monday (June 8) that it has agreed to lower the minimum loan, raise the maximum limit, adjust the principal repayment schedule to begin after two years … 
Affirm has debuted a high-yield savings account called Affirm Savings, according to an announcement. The alternate payment company said the offering is available through its app, which users can download from the Google Play Store or App Store. The company said in an announcement, “Affirm started by creating a simple, transparent form of credit that allows consumers …