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Simon Property Group Looks To Raise $300 Million For Shell Company

PYMNTS

The move comes as the retail industry is reeling from a double blow: fallout from the pandemic and the great shift of consumer buying to online sales. A SPAC, or blank-check company, has no commercial operations, but is formed to raise cash and go shopping for an existing company or companies to acquire.

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Can Sports And Entertainment Really Spark Mall Revivals?

PYMNTS

percent in Indianapolis. Online Brands. Online Brands. As traditional mall merchants go under, however, some online brands are expanding into brick-and-mortar locations. In April, a UBS report showed that online shopping by the average U.S. In April, a UBS report showed that online shopping by the average U.S.

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Grocery Round-Up: Instacart’s Big Valuation Jump, Kroger’s Ghost Kitchens And Grocery Deals Come To Prime Day

PYMNTS

Kroger this week announced a move into the world of prepared food via a newly announced partnership with Indianapolis-based ClusterTruck , a start-up specializing in delivery-only restaurants. The new ghost kitchens will be available in Indianapolis and Columbus, Ohio. Kroger’s Ghost Kitchens. And it's starting early.

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Gaming Platforms Betting On ‘The Metaverse’ As Next Internet

PYMNTS

Similarly, industry and society are moving on to new experiences in futuristic online “worlds” with functioning economies where real-world and virtual events commingle in an evolution of social media-style community offering safety from COVID and, increasingly, commerce. Murmurs From The Metaverse. million viewers.

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Retail Pulse: Amazon Grows 4-Star Footprint; Forever 21 Files For Bankruptcy

PYMNTS

Online retailers are expanding their brick-and-mortar footprints – and using feedback from eCommerce customers to inform the selections in their new stores. There are also digital price tags for every item, and Prime members can pay the discounted online price for their selections at the store. On another note, vacancies in U.S.

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Stepping Into 21st Century Hospitality With Apartments And Technology

PYMNTS

As a result, the company can architect all the elements of its operation from technology to process and its people from the ground up with insight from the current day. The company is currently in markets including Nashville, Miami, Denver, Detroit and Indianapolis, and is coming soon to San Diego and Minneapolis as of a PYMNTS report in May.

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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

Just ask Carvana, the leading online automotive seller and a major force in changing the way people buy cars. This belief is based on “the Company’s operating plan, that current working capital and expected continued inventory and capital expenditure financing is sufficient to fund operations and satisfy the Company’s obligations.”.

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