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Henri Bendel Shutting Down After More Than 100 Years In Business

PYMNTS

The company plans to focus on its other retailers, including Victoria’s Secret and Bath & Body Works. “We Once it was taken over by L Brands in 1985, the retailer began focusing solely on handbags and accessories. The MATH doesn’t add up,” Jefferies analyst Randal Konik wrote in a note to clients. L Brands reported $12.6

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Facing Tougher Times, Prosper Marketplace Is Making Deep Staff Cuts

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Changing market conditions (and some higher-than-expected default rates) have changed the math and softened investor interest some. billion in it last fundraising round last year, as of yet, the firm has not actually been profitable. And though Prosper was valued at $1.9 billion to $6.1 that online lenders don’t have by design.

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Will Members-Only Bed Bath & Beyond Be Able To Compete With The Coupons?

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Coupons were retail’s low-tech discounting solution in a world with Groupon, promo codes and Prime Day. In a retail reality where everything is always on sale, coupons were the clever method by which brick-and-mortar shops drew in customers with deals. This is the conventional wisdom.

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The ‘Nine Deadly Costs Of Fraud’

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Kount’s latest report “Calculating The 9 Deadly Costs Of Fraud,” does the math – and emphasizes how not managing fraud digs heavily into profits. In fact, fraud losses as an overall percentage of revenue nearly doubled in 2015 as a result of lost or stolen products, according to Kount.

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Sizzle Or Fizzle: Bitcoin Busts, Payments Get Faster And The Eyes Have It

PYMNTS

Now why, you might ask, would the biggest retailer in the world buy an eCommerce site that was facing a mega cash crunch in December and had to raise a whopping $550M just to keep the lights on? It wasn’t because it has the secret to running a profitable eCommerce site or success in monetizing memberships a la its CEO’s alma mater, Amazon.

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Transcript: Steven Klinsky

Barry Ritholtz

But as a private equity owner, again, first of all, you do invest heavily of your own money in the transactions, plus you have additional ownership through, you know, the carried interest, the profits interests. You got 60 percent of losses ahead of you. RITHOLTZ: So it’s different math then I need 100x winner versus 99?

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Transcript: John Hope Bryant

Barry Ritholtz

Because then I knew what the wholesale rate was and the retail rate. So I think that resiliency piece, never giving up, never giving in, redefining, Barry, success as going from failure to failure without loss of enthusiasm, I think that’s everything. BRYANT: So money, unlike math, money is highly emotional. RITHOLTZ: Yes.