Financial/Banking

Online retailer Jet.com has secured an additional $350 million in funding and joined the ranks of startup unicorns whose valuation exceeds $1 billion.

The parent company of Zales and Jared is looking forward to a happy holiday after producing third quarter results that met the company’s growth targets.

Millions of people worldwide will be surprised and delighted to receive a little blue box this holiday season, but a strong U.S.

Chico's FAS blamed the holiday calendar and a volatile stock market for its disappointing financial results in the third quarter.

The growth streak at Citi Trends came to a halt in the third quarter, as the urban retailer posted a drop in same store sales.

For the third quarter ended Oct. 31, same store sales decreased 0.5%. Net income was $0.6 million, or $0.04 per diluted share, compared with a net loss of $(2.2) million, or $(0.15) per diluted share, in last year’s third quarter. 

While mobile payments are increasing, cash receipts still remain a healthy percentage of total sales and aren’t going anywhere anytime soon. Fifth Third Bank’s John Bultema discusses the proper management of cash in retail stores and solutions aimed at improving store efficiency and reducing costs.

What is the current status of cash handling in retail stores? Are cash receipts in stores on the decline?

John Bultema, executive VP, treasury management and currency processing solutions for Fifth Third Bank, spoke with Chain Store Age editor Marianne WIlson about the current status of cash receipts in retail store. And how they aren’t going away anytime soon.

Project Owner: RPAI

Company HQ: Oak Brook, Illinois

Project Location: Gaithersburg, Maryland

Project Size: 258,000 sq. ft. of retail space

Project Status: Open and operating

Company Website: www.rpai.com