Australian Retailers Association

RateSetter | May 05, 2020

The UK's biggest P2P lender RateSetter has slashed the interest rate paid to investors by 50% as it prepares for a wave of defaults under Covid-19. The alternative lender says six percent of borrowers have requested a payment freeze and, as a result, it was increasing its projected loan losses from £27.5m to £39.2m. RateSetter says it is diverting the saving from cutting interest rates to prop up its 'Provision Fund', which provides a financial safety net fo...

Nordstrom, Lord & Taylor and L Brands | May 07, 2020

The retail reopenings underway hit a few roadblocks as Nordstrom’s, L Brands and Lord & Taylor all checked in with bad news. All three companies had reported liquidity problems since the pandemic crisis started.

Cloud Based POS

OLB Group | February 18, 2021

The OLB Group, Inc. a supplier of cloud-based omnicommerce and payment acceptance answers for small and mid-size merchants, declared today its SecurePay payment gateway is presently supporting transactions directed through significant wallets that fuse cryptocurrency as a subsidizing source. Cryptocurrency wallets can be utilized straightforwardly anytime of offer (PoS) using OLB's OmniSoft cloud-based business services platform arrangements. What's more, broadly useful wallet services&m...

usatoday | February 05, 2020

Macy’s will close roughly 125 stores, a fifth of its locations, over the next three years. After previously announcing that it would close 298 locations, Macy's said Tuesday that it will now shutter nearly 100 more. The retailer also said that it is cutting about 2,000 positions , eliminating 9% of its corporate and support positions. “We are making deep cuts that impact every area of our business,'' Macy's CEO Jeff Gennette said Wednesday during the retailer's In...