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Philadelphia Mall Owner Takes Care Of Its Own

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There’s arguably no more polarizing macroeconomic issue in the retail world than the fate of the American mall. The problems start with how retailers view and serve the customer. But apparently they’re doing something right in Philadelphia. Caught in the middle of this customer squeeze are real estate investment trusts (REITs).

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Today In Retail: UK Merchants Brace For Lockdown, Mall Groups File For Chapter 11 And Brands Will Be Big This Holiday

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The top stories today in retail include merchants in the U.K. are getting ready for another national lockdown as coronavirus cases continue to rise in that nation. the mall companies, Philadelphia-based PREIT and Tennessee-based CBL & Associates both announced they would be filing for Chapter 11. While in the U.S.,

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Senators Push For Bill That Would Force Retailers To Accept Cash

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The Payment Choice Act is aimed at businesses that refuse to accept cash as payment or retailers that charge a fee for cash transactions, the network reported. We’re most encouraged to see such widespread bipartisan support for the Payne bill,” Bruce Renard, executive director of the National ATM Council, a coalition member, said in May.

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European Mall Operator Citycon Works On BOPIS Service

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Citycon runs 40 shopping centers throughout Estonia and the Nordic nations, Bloomberg reported. In one case, Simon Property Group has reportedly been in discussions with Amazon to transform some vacant retail space into fulfillment hubs for the eCommerce retailer.

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ATMIA Weighs In On Cashless Retail Ban Debate

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Amazon, of course, stands out as a marquee name in the move to make the retail experience wholly digital commerce. A similar ban has already passed in New Jersey and similar legislation has been backed by legislators in Philadelphia and signed into law this past week. Much has been made of the coming of the cashless society.

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Today In Digital-First Banking: MercadoLibre Gets License From Brazil, Alacriti Collaborates With Glia On Customer Service

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The new license from Ireland’s financial services watchdog will let it provide its services throughout 26 European nations. More than 3 million retailers harness its technology. SumUp has been active in Ireland as of 2012 and has introduced digital payments to thousands of companies.

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Digital Shift, COVID Fears Push Black Friday To Brink Of Irrelevance

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A summer headline from The Philadelphia Tribune declared: “Black Friday as we know it is finally dead.” As Scott Rankin, principal and national consumer and retail strategy leader with KPMG US, told the Tribune , "with everything that's going on, there may be no Black Friday at all. There are so many risks to that,” he said.

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