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Branches more important than apps?

Chris Skinner

These new entrants join a number of more established mid-sized full service banks, such as CYBG (the owner of Clydesdale Bank and Yorkshire Bank brands) as well as other smaller, specialist players such as Aldermore (founded in 2009) and Secure Trust (operating since 1954). appeared first on Chris Skinner's blog.

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Golden Gate Capital Considers Merging Eddie Bauer And Pacific Sunwear

PYMNTS

Both retailers are owned by private equity firm Golden Gate Capital, which has not decided whether to merge the two companies and has declined to comment. Golden Gate acquired Eddie Bauer out of bankruptcy protection in 2009 with a cash bid of $286 million.

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Frugal Consumers Buying More Off-Brand, Off-Price Products

PYMNTS

This newfound cost consciousness is reshaping the retail industry in everything from spurring the rise of fast fashion at the expense of mall “anchor stores,” to the increasing popularity of off-brands or store brands in the supermarket, to the shift in the apparel business, to off-price retail outlets over full-priced department stores.

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Private Labels Have Their Roots In Coffee And Hats

PYMNTS

When the iconic Great Atlantic & Pacific Tea Company (A&P) was looking to brand its bulk Brazilian coffee in 1919, it asked consumers when they drank coffee. so the A&P decided to name its house brand of coffee Eight O’Clock. As JCPenney grew, so did its private brands. Their answer was 8:00 A.M. and 8:00 P.M.,

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Why Invisible Will Make 2020’s Payments Innovation Roar

PYMNTS

The most transformative innovations in payments and commerce over the last decade are mostly the result of innovators making what was once visible, invisible: payments, stores, merchants, brands, issuers, even card networks. In 2009, Uber made payments disappear. The Invisible Innovators . I just take it for granted that it all works.

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Eddie Bauer And Pacific Sunwear Combined In New Operating Company

PYMNTS

After news surfaced in May that Golden Gate Capital was considering a merger of Eddie Bauer and Pacific Sunwear of California , the private equity firm has created a new operating company comprised of the two retailers. Both brands have made great progress in the past 24 months and have generated strong performance.

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BigCommerce Raises $64M Led By Goldman Sachs

PYMNTS

BigCommerce , the eCommerce platform for retailing brands, announced news on Wednesday (April 25) that it has closed a $64 million round of funding. In a press release , the company said the fundraising round was led by Goldman Sachs and included participation from current investors General Catalyst, GGV Capital and Tenaya Capital.