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Wardrobe: Recommerce Meets The Sharing Economy In Bid To Become The ‘Airbnb of Fashion’

PYMNTS

That’s the oversimplified view of the business model adopted by Wardrobe , a new kind of peer-to-peer fashion rental company that on Tuesday (Sept. 8) is breaking out of its New York City beta test and into a nationwide launch. And it has renters who are encouraged to share their experiences on social media.

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Black Friday Heads Toward Shades Of Gray

PYMNTS

COVID-19 shows no signs of abating – in fact, fears of a second wave have already hit New York City, among other metro areas. percent shopped online during Black Friday last year, which was double the 2018 number. percent of shoppers visited both a physical store and an online store last year. On the flip side, 20.4

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B2B FinTech Firms Brace For Growth With New VC

PYMNTS

Growth of FinTech funding seems unstoppable, with the latest analysis from Hampleton Partners finding enterprise financial services and integration, online financial services, enterprise financial software and Software-as-a-Service (SaaS) risk management as some of the hottest spots for investors this year.

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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., and in Long Island City, a neighborhood in Queens, New York City. In New York City, Amazon’s $1.2 In the week ending on Nov.

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CRE risk management: Navigating hazards and opportunities

Abrigo

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. Takeaway 3 Loan-level stress testing can help assess repricing risk, while capital stress testing helps clarify the impact of CRE loan losses on capital.

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How To Make Sure Stores Don’t Die

PYMNTS

In general, omnichannel consists of consumers researching an item online, then going into a store and talking to salespeople, or just using their smartphones in the store to research the item there. They check the prices of what they want (showrooming), then buy the item online because it’s cheaper there.

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General Catalyst Invests $20M In Commerce Platform Feedvisor

PYMNTS

Feedvisor, an algorithmic commerce startup that helps sellers optimize their inventory and increase sales in online marketplaces, has secured $20 million in Series B funding from General Catalyst. Other Feedvisor investors include Square Peg Capital, JAL Ventures, Oryzn Capital and Micro Angel Fund.