SCROLL NEWS / DISCOVERY
Search headlines
Find the stories shaping the conversation.
Results for " Retail " 1,092 found 🔀 AI-powered Shuffle
Working in retail in my 50s despite my college education; challenging
With decades of experience in the social-work field and a college degree, I didn't expect to be working a part-time retail job in my 50s to get by.
Why Cleveland sends Steelyard TIF grants to businesses in six other neighborhoods
Cleveland’s Steelyard TIF program directs 30% of the fund to commercial districts identified through a retail-impact study, allowing businesses in six neighborhoods outside the shopping center to qualify for grants.
How the sisters behind Golden Gems built a global retail business from St. Louis
Ten years ago, two sisters with separate Etsy shops came together to form a single business. They called it Golden Gems after Golden Gem Road, where they’d grown up in Florida, and both Susan Logsdon and Amanda Helman almost immediately understood what the brand was about and what they wanted to do with it. One […]
Businesses are eyeing Germantown opportunities. The neighborhood is proceeding with caution.
The area has a new visitors center and it has welcomed coffee shops and a food co-op. Residents would like restaurants and more retail.
Africa’s biggest oil refinery opens to public ownership, sparking excitement among retail investors
Aliko Dangote, Africa's richest man, is opening a portion of his refinery to public ownership in Africa's biggest initial public offering.
Focus on agentic commerce as customer data science firm dunnhumby wraps Retail Innovation Forum USA
dunnhumby held its annual Retail Innovation Forum in Bentonville, Arkansas, USA last week, bringing together retailers, brands, technology leaders, scale-ups, startups and investors. In a LinkedIn post, Dave Clements, Chief Strategy Officer at dunnhumby, said: "In many ways an eclectic group to
PENN Entertainment holds steady with $18 target amid mixed earnings and debt concerns.
PENN Entertainment maintains a Hold rating with an $18 price target due to mixed Q2 earnings and limited valuation upside compared to peers. The retail segment showed solid growth with a 5.6% increase in adjusted EBITDAR, especially strong in the Midwest and West regions. However, the Interactive segment's revenue growth has slowed sharply despite improving profitability, raising concerns about long-term competitiveness. The company remains highly leveraged with net debt around 5.2x–5.5x, making proactive debt reduction and consistent Interactive profitability key factors to watch going forward.
Apple planning three major changes for its retail stores, per report
Apple is preparing “major changes” to its retail stores, according to a new report from Bloomberg. Perhaps most notably, the...
Campbell County health and food inspections (9/4/26–9/10/26)
GILLETTE, Wyo. — The Consumer Health Services Division of the Wyoming Department of Agriculture conducts inspections of retail food establishments throughout Wyoming (where there is not a local health department that does inspections) to help ensure safety of Wyoming residents. Campbell County establishments are inspected at least once a year by the WDA. All of […]
Digital ad screens are about to be everywhere in stores
Retailers have been gradually adding digital display ads to their stores for the past year, but now the pace appears to be picking up.
Scalpers are already reselling the sold-out Zelda 40th Anniversary Switch 2 for £700+
Nintendo's new Zelda 40th anniversary Switch 2 sold out in hours, and scalpers are already reselling it on eBay for hundreds of pounds over the retail price.
The world’s largest health and beauty retailer says AI will make shopping ‘more human, not less’
The biggest risk with AI, warns AS Watson CEO Malina Ngai, is using it to polish today's processes. Do that, and "you get a version of yesterday."
L.L.Bean doubles down on its old-school roots in Maine
The family-owned retailer that sells everything from clothing and footwear to home goods is betting on the physical world in the age of AI.
Charm City Run celebrates 25 years with Baltimore-themed shoe
A Baltimore running retailer is putting its new identity on a familiar shoe as it prepares to celebrate a quarter-century in business.
Modified GeForce RTX 5090 with 96 GB Memory Shows Up on Alibaba for Nearly $4,000
A Chinese manufacturer is now selling a modified GeForce RTX 5090 with 96 GB of memory, three times the 32 GB on the retail card. Shenzhen Suqiao Intelligent Technology, an OEM/ODM with over a decade of experience building graphics cards, motherboards, and servers, listed the card on Alibaba for...
Kroger’s ad business sees most profit growth since 2021
Retail media is becoming increasingly critical to Kroger, as the grocer reported its best retail media profit growth since 2021.
Large medical uniform retailer closing all brick-and-mortar stores nationwide
Healthcare uniform apparel retailer Scrubs & Beyond has announced that all retail stores are closing. The company operates more than 100 locations.
Westbury retail strip trades for $5.3M
A local real estate investment firm purchased a fully leased retail strip at 427 Old Country Road in Westbury for $5.3 million, highlighting strong demand in the area.
State authority releases draft retail marijuana regulations
Virginia regulators released draft rules for the state’s retail marijuana market, outlining licensing fees and other requirements.
Jeremy Gosch: More from our interview with Hy-Vee’s CEO
Jeremy Gosch began climbing Hy-Vee’s leadership ladder in January 2002, when he became a store director, a position he held for 10 years. He joined the Midwest grocery chain’s executive team in 2012, holding a series of leadership roles over the next decade, including executive vice president, co-chief operating officer, chief retail officer and chief…
What a Business Owner’s Policy Covers and Leaves Out
Northern Nevada Insurance Agency, an independent agency in Reno, quotes business owner’s policies across multiple carriers for restaurants, retail stores, rental property owners, contractors and professional offices. The bundle covers commercial property, general liability and business interruption, while workers’ compensation, commercial auto and professional liability are separate policies the agency reviews alongside it. Reno, NV, Sept. 11, 2026 (GLOBE NEWSWIRE) -- A business owner's policy i
How Jeremy Gosch is refocusing Hy-Vee
Jeremy Gosch, in his fourth year as Hy-Vee’s CEO, is steering the large, Midwest regional grocery chain through a competitive landscape unlike any faced by his predecessors. The four Hy-Vee CEOs who preceded Gosch helped transform a small Iowa grocery chain into a regional retailer with more than $14 billion in annual sales. Along the…
Business leaders demand a Seattle public safety plan
“We’re dependent on tourism. We’re depending on sports fans. We’re dependent on retail. If we’re going to be that dependent, we’ve got to have public safety,” Gregoire said.
NRF: Import cargo volume peak continues into September
The National Retail Federation (NRF) has revised its outlook for U.S. container import volumes as this year remains unpredictable in large part because of global geopolitical issues. After forecasting import...
Lil’ Drug Store Products acquires Navajo’s Health, Beauty and Wellness business
Lil’ Drug Store Products, Inc. (LDSP), based in Cedar Rapids, announced the completed acquisition of Navajo Incorporated‘s Health, Beauty, and Wellness business. The acquisition was completed Sept. 4, according to a release. Opened in 1974, the family-owned Lil’ Drug Store Products provides distribution, category management, and brand partnerships across various retail channels such as health […]
Lil’ Drug Store Products acquires Navajo’s Health, Beauty and Wellness business
Lil’ Drug Store Products, Inc. (LDSP), based in Cedar Rapids, announced the completed acquisition of Navajo Incorporated‘s Health, Beauty, and Wellness business. The acquisition was completed Sept. 4, according to a release. Opened in 1974, the family-owned Lil’ Drug Store Products provides distribution, category management, and brand partnerships across various retail channels such as health […]
Walmart Reinvents the Store for a Faster Digital Future
Walmart President and CEO John Furner and Executive Vice President and Chief Financial Officer John David Rainey pointed to value, faster delivery and digital growth as key factors behind the retailer’s second-quarter performance in a video Furner posted on his personal LinkedIn account following the release of Walmart’s Q2 FY27 financial results.
OMAHA STEAKS UNVEILS BUSINESS TRANSFORMATION AND NEW "NO BULL" BRAND PLATFORM, DOUBLING DOWN ON VALUE AND TRANSPARENCY
109-year-old company doubles down on premium proteins and 100% U.S.-sourced beef, accelerates delivery and expands retail while introducing a bold new "No...
Kratom ban meets quiet compliance as retailers clear shelves
Kratom was classified as a Schedule I drug on Aug. 28, as Gov. Maura Healey's administration sounded the alarm about the unregulated products that can lead to dangerous health effects. Inspectors fanned out across the state as the order went into effect to check for compliance.
Aramark Sports + Entertainment Kicks Off 2026 NFL Season Across Eight NFL Stadiums with New Menu Items, Enhanced Premium Experiences, and Local Partnerships
With the 2026 NFL season just days away, Aramark Sports + Entertainment (NYSE: ARMK) announced a slate of new premium hospitality experiences, innovative food and beverage concepts, expanded local partnerships, and exclusive retail offerings across its eight NFL partner venues.
Aramark Sports + Entertainment Kicks Off 2026 NFL Season Across Eight NFL Stadiums with New Menu Items, Enhanced Premium Experiences, and Local Partnerships
With the 2026 NFL season just days away, Aramark Sports + Entertainment (NYSE: ARMK) announced a slate of new premium hospitality experiences, innovative food and beverage concepts, expanded local partnerships, and exclusive retail offerings across its eight NFL partner venues.
Hy-Vee to host supplier summit featuring more than 80 small businesses
Hy-Vee Inc. is hosting its Opportunity Supplier Impact Summit today and Thursday at its headquarters in West Des Moines, bringing together entrepreneurs and small businesses with the grocer’s category managers and retail leaders for networking and product showcases. On Thursday, more than 80 small businesses from across the U.S. will present their products and services…
Business tidbits: Charlotte Russe to open in Valley Mall, new restaurant in Selah
A San Francisco-based retail chain specializing in clothing for women in their teens and 20s is opening next week at Valley Mall in Union Gap.
Jacksonville council shuts door on neighborhood storage locker proposal
Citizens speak out, and unanimous council cites city’s historic charm and community backlash in voting to quash business plan that also included retail The Jacksonville City Council said no to […]
Academy Sports + Outdoors raises annual profit forecast on cost discipline, e-commerce growth
Academy Sports + Outdoors (NASDAQ:ASO) on Wednesday raised its full-year adjusted profit forecast after posting second-quarter earnings that beat analyst estimates, sending shares up 9%. The sporting goods retailer reported adjusted earnings per share of $2.31 for the quarter, topping...
Your Holiday Shopping Season Playbook: What to Do Now - Small Business & Entrepreneurship Council
By Barbara Weltman – The National Retail Federation (NRF) says the holiday shopping season runs from November 1 through December 31. Last year, an NRF survey found that 42% of consumers planned to begin holiday shopping before November. Will this year be different? And what will consumers on average spend? Last year, sales were strong, surpassing the prior […]
Small Business Spotlight: Guitar shop aims to strike a chord
WHAT MADE YOU WANT TO OPEN STRING THEORY GUITARS INC.? ALLISON & LEE WILLIAMS: “We are lifelong musicians with a passion for playing. We love Wilmington and the live music scene here, and we wanted a way to be a part of the music community without having to start work at 9 p.m. We also want to be a destination for residents and musicians performing in and around the downtown area.” WHAT DOES YOUR BUSINESS PROVIDE, AND HOW DO YOU THINK IT HELPS CUSTOMERS? We love Wilmington and the live music scene here, and we wanted a way to be a part of the music community without having to start work at 9 p.m. We also want to be a destination for residents and musicians performing in and around the downtown areaTHE WILLIAMSES: “We’re a true basics-to-boutique destination. If you’re someone who’s just starting out, we can set you up with high-quality, brand-new equipment at a great entry-level price point. When you’re ready for your dream guitar, we can help you design and create a fully custom electric or acoustic guitar to your specifications. We have a broad selection of both guitars and amplifiers for players of every level. We also have a community board in the store to connect bands, students, instructors, repair technicians, and anyone providing a service to the local music community.” WHAT PAST EXPERIENCE DO YOU HAVE THAT LED YOU TO CREATE STRING THEORY GUITARS? THE WILLIAMSES: “Lee has played guitar for almost 40 years, from middle school band to gigging rock bands. Allison has a background in orchestra and musical theater, as well as retail management. We worked together as a husband-and-wife team in manufacturing for many years prior to moving to Wilmington. Having shopped in countless music stores over the years, we set up our shop with the goal of being welcoming and inviting. Our philosophy is ‘if it’s on display, it’s for play.’ No instrument or amplifier is out of reach in our store.” WHAT GOALS DO YOU HAVE FOR GROWTH? THE WILLIAMSES: “We would love to grow the bluegrass and folk instrument segment of our business. We carry banjos, mandolins, resonator guitars, ukuleles and related accessories. We’ve seen and heard plenty of talented bluegrass and folk musicians around Wilmington, and we look forward to expanding our selections to support this growing segment of the local music scene.” WHAT CHALLENGES ARE YOU FACING RIGHT NOW IN YOUR BUSINESS? THE WILLIAMSES: “Getting the word out about our brand and some of the unique brands we represent is a challenge for any new business. Online exposure through the Cargo District, Wilmington Downtown Inc. … and our online following is steadily growing. Our other challenge is the logistics of our streets. Our neighborhood is amazing, and you could spend the entire day walking around the Cargo District. As the District continues to grow, we’re seeing more pedestrian traffic, particularly in crossing 16th and 17th streets. We’ve seen some improvements in traffic calming, but the sooner we can improve safety with crosswalks and pedestrian signals, the more welcoming our neighborhood will be.”
Norman Rock Creek Entertainment District faces lawsuit over tax increment financing
Norman's Rock Creek Entertainment District is a $1 billion project set to open in 2028, including a multipurpose performance venue, restaurants, retail space, office development, a hotel, and multiple housing options.
The Row brings new retail, dining and entertainment to Heartwood
The Row, a new in-line retail center located in Poplar Place within Heartwood’s Town District, will bring a growing mix of dining, entertainment, services and specialty retail to one of the community’s most visible commercial areas at Exit 82.
New entertainment district with restaurants and retail planned for Tradition in Port St. Lucie
A nearly 85-acre entertainment district is in the works in Port St. Lucie along Village Parkway in the Tradition community, and developers say new restaurants and stores could arrive sooner than expected.
New entertainment district planned for Tradition in Port St. Lucie
A developer plans to bring 25 restaurants and retail stores to nearly 85 acres along Village Parkway in Port St. Lucie's Tradition community.
President of one of Alabama’s oldest businesses dead at 67: ‘A true Southern gentleman’
Founded in 1836, the Alabama company is the oldest family-owned retailer in the U.S.
Academy Sports + Outdoors Announces Participation in Upcoming Investor Conference
Academy Sports + Outdoors (the "Company") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer, today announced its participation in the upcoming Goldman Sachs 33rd Annual Global Retailing Conference to be held Monday, September 14 to Tuesday, September 15, 2026. Chief Executive Officer, Steve Lawrence, and Chief Financial Officer, Carl Ford, will participate in a fireside chat that will be webcast live on September 15th, at 11:30 a.m. Eastern Time. The live webcast
NIKE's China Business: Recovery Story or Ongoing Challenge?
NIKE sees early China traction in running, football and premium retail, but steep sales declines and inventory cleanup show the recovery remains at an early stage.
Animal Welfare In Shrimp Aquaculture: Science-Based Manual To Foster Sustainable Rearing Practices
Over the past two decades, shrimp aquaculture has grown enormously worldwide. At the same time, consumer awareness of ethical, environmental and sustainability issues has increased, and concern for animal welfare is growing. Consumers are paying closer attention to how farmed animals are treated, pushing retailers and producers to improve standards.
iPhone 18 Pro appears to show new colors in a retail store, but likely fake
A video shared by a leaker with some track record appears to show two of the new iPhone 18 Pro...
Beloved CT store to close after almost 50 years. There’s a lot of bargain shopping right now
The owner said the closing is bittersweet but the right time given some of the challenges in the retail space.
Costco closes on 7 holidays, while most retailers shut for 2
Costco has a longstanding policy of closing US stores on seven holidays each year. The retailer's former CFO says the cost was never a consideration.
Flock Safety faces backlash; Ulta, Lowe's under pressure
Consumers are calling out retailers like Ulta Beauty and Lowe's for having contracts with Flock Safety, which sells automated license-plate readers.
BUSINESS MONDAY: Spotlight on Pittsfield Health Food Centre
A longtime retail fixture in downtown Pittsfield—and a local pioneer in the natural health products market—has closed after six decades.
BUSINESS MONDAY: Spotlight on Pittsfield Health Food Centre
A longtime retail fixture in downtown Pittsfield—and a local pioneer in the natural health products market—has closed after six decades.
Why is Kenya cracking down on foreign traders and small retailers?
President Ruto says small businesses should be reserved for Kenyans as his government moves against foreign traders.
The science behind the beauty business
Some of Europe’s industrial champions may be in retreat, but its cosmetics sector remains a global leader, buoyed by healthy demand, recognised brands and a reputation for innovation."The fact is, the science in cosmetics is better here in Europe than anywhere else in the world,” says Pierre Morvan, CEO of Technature, a private label cosmetics manufacturer located near Brest in France’s northwestern Brittany region. “You have to have good science in order to make the difference, and that is why we invest so much in research and innovation.”Across Europe, the beauty and skincare products sector supports an estimated 3.6 million jobs, including 265,000 employed directly in the industry, according to the Cosmetics Europe trade group.. Cosmetics production contributes an estimated €11 billion to the EU economy, and generated €30 billion in export revenue last year, a €400 million rise from 2024.Technature itself has a global footprint, supplying products for 1,500 brands in 65 countries. Its range of skin gels, facial masks, nail treatments and other products include natural ingredients and extracts derived from plants, such as seaweed, that are developed and refined through science-based analysis and testing.While industry projections point to sustained growth for the foreseeable future, driven by emerging economies and wider availability of exclusive brands that were once chiefly sold by high street retailers, the sector is not immune to the impact of geopolitics and trade wars. The Trump Administration’s tariff threats have dented cosmetics exports to the EU industry's largest overseas market. After the European Parliament approved the EU-US Turnberry Agreement in June, setting a 15% levy on many EU goods, the French Federation of Beauty Companies warned that “exports are falling sharply” and urged the EU to negotiate an opt-out for cosmetics.Technature’s CEO flags South Korea as an emerging competitor, partly due to its assertive marketing efforts. “I would have to say I am a little bit scared,” Morvan says, regarding the growth potential of the South Korean cosmetics industry. “This is why science and innovation are so important if Europe is to remain the leader.”With a workforce of 200, including biologists, chemists and other scientists, around 15% of Technature’s staff work in three research and development (R&D) labs. A similar number work in four quality control and assurance facilities, where science plays a crucial in ensuring product safety in a sector that is subject to the European Cosmetics Regulation.Educational exchange between industry and academiaIn recognition of Technature’s research and innovation, Morvan was selected as one of Brest’s ambassadors to Science Comes to Town (SCTT), a European initiative to strengthen communications and understanding between science and society. Brest is one of three coastal cities in the EU-funded programme, alongside Split (in Croatia) and Kiel (in Germany). From 7-11 September, Brest will host the EU TalentOn contest featuring 100 early-career researchers from across Europe.Morvan appreciates the value of engagement with educational and scientific institutions as well as the home community. For instance, Technature collaborates closely with university partners to enhance its in-house R&D. In addition, it invites students to its labs and sends its own researchers to local institutions. "We absolutely want the students to know what the industry is all about,” Morvan says, noting that seeing science in action can help young people “understand that they can do something real with science, to create something with what they are learning.” He says another important benefit: encouraging new generations of young people to consider a career in cosmetics.Community involvement also raises awareness about Technature and the skincare industry as a whole. “The public gains recognition of the innovative company that we are, and this is important for getting new customers,” Morvan says. One of its recent innovations — tiny, colourful cosmetic pearls that release skin moisturisers on application — was showcased at this year’s VivaTech event in Paris.Morvan holds a master's degree from the Brest Business School and studied animal production and biology in Brest at the University of Western Brittany (UBO), an SCTT partner, and at the University of Tours. He got his start in business in 2002, initially working on using seaweed as a raw material in the food industry before transitioning to cosmetics. Morvan has always been interested in connecting science and business, reflecting one the goals of SCTT to enhance public-private collaboration.The invitation to participate in SCTT was unexpected. “It was a surprise to get a call from the city of Brest saying that they wanted me on this programme,” Morvan recalls, adding that officials were drawn by his company’s R&D. “It's not only theory and science fundamentals. Our science is something that is applicable to the global market — and important for the community.”Science|Business, which connects policymakers, academics and industry through its news reporting, analysis and events, is an SCTT partner.
Campbell County health and food inspections (8/28/26–9/3/26)
GILLETTE, Wyo. — The Consumer Health Services Division of the Wyoming Department of Agriculture conducts inspections of retail food establishments throughout Wyoming (where there is not a local health department that does inspections) to help ensure safety of Wyoming residents. Campbell County establishments are inspected at least once a year by the WDA. All of […]
‘Everybody has a good memory of a toy’: Geppetto’s toy store to celebrate 50 years in business with September celebrations
Geppetto’s toy store has come a long way since its opening half a century ago. Now considered one of the largest independent toy retailers in the United States, Gepetto’s started with humble beginnings in the Bazaar del Mundo plaza in Old T…
What’s open on Labor Day? Most retailers. Closed? Government, banks and the stock market.
The origins of Labor Day date back to the late 19th century, when activists first sought to establish a day that would pay tribute to workers.
CVS Health (CVS) Makes Updated 2026 2027 COVID 19 Vaccines Available Nationwide
CVS Health (NYSE:CVS) announced that updated 2026-2027 COVID-19 vaccines are now available at CVS Pharmacy and MinuteClinic locations across the United States. The company is offering the new vaccines nationwide, with appointments and walk-in options across its retail and clinic network. CVS Health is integrating COVID-19 shots with other vaccinations, aiming to streamline access to multiple immunizations in a single visit. This kind of broad vaccine rollout highlights how large pharmacy...
Cafe with unique retail space to open in Northern Kentucky
The cafe will serve authentic Thai street food and beverages while selling 3D-printed products from the founder's family business.
Walmart bets to grow beyond general merchandise retail
Walmart is gearing up for more direct competition in restaurant delivery. It's not the first time the retail giant has bet on a new line of business.
Epinephrine injection recalled over potentially fatal health risks
Consumers, retailers and health care facilities should stop using the product and discard or return it, the FDA said.
Arizona Land Consulting Eyeing W. Phoenix for Massive Entertainment-Themed Development
Arizona Land Consulting revealed plans for a development west of Phoenix that could include a movie production studio, amusement park, hotels, retail and a data center campus. The Phoenix Business Journal reports roughly 900 acres off Interstate 10 and 411th Avenue have been set aside for the development, with costs estimated between $6 billion and ...
Epinephrine injection recalled over potentially fatal health risks
Consumers, retailers and health care facilities should stop using the product and discard or return it, the FDA said.
Epinephrine injection recalled over potentially fatal health risks: FDA
Consumers, retailers and health care facilities should stop using the product and discard or return it, the FDA said.
Two sectors are powering Ascension’s commercial property market
Retail and industrial properties kept Ascension Parish’s commercial real estate market on steady ground during the second quarter, even as the office sector continued to lag. The market recorded … Already an INSIDER? Sign in. Already an INSIDER? Sign in
Retailers React: How has the weather impacted your business?
In this week's edition of Retailers React, we asked flooring dealers: To what extent has the weather impacted your business?
Sony's PlayStation disc plant is losing 10 percent of its volume in 2028, not 90
Sony’s PlayStation disc plant is losing 10 percent of its volume in 2028, not 90 Sony won’t license disc pressing to anyone else, Microsoft does, and a former PlayStation boss thinks that’s the whole problem. When Sony DADC chief Dietmar Tanzer spoke with an Austrian broadcaster in July about PlayStation disc production at the Thalgau plant, a number of press outlets misunderstood the report, writing that production would fall to a tenth of current levels. It won’t. Sony DADC confirmed to Game this week that the figure is a 10 percent decline, not a decline to 10 percent. “To clarify and avoid any misleading information: in that statement Dietmar anticipated an overall product volume decline by 10 percent, not a decline down to 10 percent,” a spokesperson with Sony DADC told Game. That figure covers 2028. Tanzer didn’t put a number on the years after, and the spokesperson declined to comment further. What we do know is that on July 1, PlayStation announced that physical game disc production for all new games releasing on PlayStation consoles will be discontinued starting January 2028 and that the transition has no impact on games that have already released in disc format or will be releasing in disc format prior to that month. “So, there will be reorders going to the market after January 2028,” the Sony DADC spokesperson said. “For details around that I would ask you to liaise with the PR team from PlayStation, as we can’t speak or comment on their behalf.” PlayStation officials did not respond to questions about reorders or other disc-related matters. But I did recently speak with Shawn Layden, Game Industry Strategic Advisor and former chairman of SIE Worldwide Studios, who called a future without physical PlayStation discs “depressing, but solvable.” then added, “I think.” The chief hurdle to third-party manufacturing of collector’s editions or any other version of a PlayStation game disc is that Sony owns the proprietary process to press those discs, Layden said. “And unless they decide or determine a way to license that to some of these bespoke disc manufacturers, there’s no way to make it happen,” he said. Layden was careful to add that he understands the concept but doesn’t have “line of sight on the particulars.” “Depressing but solvable, I think.” — Shawn Layden Microsoft already licenses replication to outside plants. Xbox discs are pressed by manufacturers Microsoft certifies as Authorized Replicators, a term defined in its publisher agreements, with the approved list set at the company’s sole discretion and Microsoft retaining the right to halt manufacture. The structure is still in place today: publishers select an Authorized Replicator in Partner Center and submit a bill of materials created with a Microsoft representative. Sony, by contrast, presses PlayStation discs through Sony DADC, its own manufacturing subsidiary. No one I spoke with said they were in discussions with Sony about doing that, and PlayStation hasn’t responded to questions about whether it would be open to a licensing deal. There is an obvious reason Sony might not want to. Niko Partners analyst Daniel Ahmad pointed it out on the day of the announcement: it’s a platform-led decision, he wrote, designed to cut costs, eliminate the resale market, and drive all revenue through the PlayStation Store. The math is not subtle. On a $70 third-party game sold through the PlayStation Store, Sony keeps $21. Sold at retail, Ahmad says, it earns about half that. Licensing disc replication to an outside manufacturer might not be worth it. And even if it were, it seems unlikely that such a deal would come from boutique companies like iam8bit, which sells collector’s editions of video games. “We would absolutely love to find a way forward to continue making physical PlayStation games,” said Jon Gibson, co-owner and co-creative director of the company. “We are big believers in giving humans the option to truly own media. If we can play a role in helping make that a reality for the future of PlayStation games, count iam8bit in!” If it were to happen, it would most likely be with a company like Conectiv Supply Chain Solutions, a Memphis-based manufacturer of optical discs and vinyl records that also runs third-party logistics, fulfillment and distribution for packaged media. The company, which was formed in 2025 when Los Angeles private equity firm Variant Equity Advisors purchased Vantiva’s Supply Chain Solutions division, traces its lineage back to Technicolor. When it sold the division, Vantiva described the business as having served video game creators for more than 25 years. Conectiv is also buying, not shrinking. Last month it acquired SDS, the distributor for Universal and Warner Bros. home entertainment, consolidating those studios’ packaged-media pipeline from pressing plant to retail shelf. I reached out to Conectiv and its CEO, but haven’t heard back. Layden pointed to music and books in our discussion about the ongoing value of physical media. “No one ever saw the comeback of cassette tape,” he said. “And vinyl didn’t so much come back. The flame went down, the fire’s dying, but the ember was always there, and it just kind of came back. Much like the book business. We thought we’d all be on Kindles right now. “I believe that physical media is crucial and important. One of the things that makes us gamers, one of the core game mechanics, going back to the beginning of time, is collecting stuff. “Did you get all the diamonds in Crash Bandicoot? Did you get all the stars in Mario? And we like to collect our games. And we have a game shelf. And we put all our boxes up there. And if you’re super hardcore, when you buy a game, you buy two copies, right? One stays in the shrink wrap, and you play the other one. What happens to that important cultural part of the gaming world? You know, we buy the steelbook and the three-disc Final Fantasy set and the figurine and, you know, you can’t download any of that. “What happens to that?” And Layden believes it shouldn’t have been a revenue question for PlayStation. “This was a core thing to the experience of our most devoted fans,” he said. “Yeah, it’s fan service. Why would we take that away? Well, we can’t afford to. It’s already 120 bucks, you know, limited edition special purchase onyx box version of whatever, and those sell at a higher rate than the box selling at $69.99 does. So yeah, the market has said they will continue to buy them. You’re just saying you just don’t want to make them anymore.” Layden said he was recently talking with someone about these sorts of business decisions and how they’re made. Too often, he said, it’s all about the financials and nothing else. “OK, we can do this and save this much money, or we can invest this to look at that outcome, or we can do this and have this happen over there, or move this team to Sri Lanka,” he said. “But each one of those, someone also has to have a ledger there saying, ‘OK, what is the brand impact from that move?’ “Iif you can’t resell it, do you really own it?” — Shawn Layden “If we do that, dollars and cents work out. I get it. That’s just math. But what’s the brand impact? Are people going to say, ‘Good move, you guys?’ Or are they going to say, ‘We hate you guys. Quit doing that.’ And sometimes they say, ‘We hate you.’ Then you take a note and say, OK, how much of that can we live with? How much ‘we hate you’ is OK. And when does it go over the line? “I see a lot of companies making decisions which, objectively speaking, I don’t know what the dollar end of that was for you, Mr. Company, but your brand value just dropped 30 percent. So I hope it was worth it.” Of course, shifting to a digital-only model for games raises other issues beyond simply wanting to collect. The biggest is ownership. Layden pointed out that once you go to a streaming-only or download-only model, it’s just a digital footprint on a hard drive. “What does ownership mean anymore?” he said. “It’s a genuine question. Well, in fact, it’s not even a question anymore. It’s like you are shifting the model from ownership to accessibility. “And what’s always been true, which people forget, is you’ve never been able to sell your iTunes library. And you can’t sell your PlayStation download library. So if you can’t resell it, do you really own it?” The touching tribute found in the credits for Star Wars Zero Company. Resonance: A Plague Tale Legacy Interview and Hands-On with a Minoan Masterpiece Star Wars Zero Company hands-on: Attack Astromechs, permadeath, and delightfully fatal Rube Goldberg tactics Control Resonant opens up as you get stronger — and as characters start trusting you
Shoppers buying online while drunk is big business
If online retailers can tell when someone is drunk, perhaps they shouldn’t simply take the cash.
Private equity faces existential crisis in US as unsold companies pile up
Private equity firms and the companies they own employ over 13 million, from startups to rural hospitals and large retailers, but experts’ concerns of collapse are growing
Baptist Health scoops up Coconut Creek Kohl’s store for $54M
Baptist Health South Florida dropped $53.5 million on a Kohl’s department store in Coconut Creek. The retailer, led by CEO Michael Bender, sold the 92,700-square-foot stand-alone store at 6950 North State Road 7 for $577 per square foot. Kohl’s acquired the 8.2-acre property for $14.8 million in 2008, soon after the store was built. Last year, the company announced plans to shutter 27 stores in underperforming locations, though no additional closure announcements have been made since then. The store is still open, and plans for the site are being evaluated, a Baptist Health spokesperson told the South Florida Business Journal. […]
Businesses on the move in Marin, Sonoma, Napa and Mendocino counties: Sept. 3 report
Check out which companies are leasing and buying office, retail, industrial and multifamily properties in Sonoma, Marin, Napa and Mendocino counties via the following deals. Leases Transaction key: Square footage at address, city;…
Cresco buys 9 Pennsylvania weed stores from PharmaCann
The deal will increase Cresco’s store count in Pennsylvania to 27 from 18, making it the largest cannabis retailer and wholesaler in the state.
Rumour: A Norwegian Retailer Seems To Think It Knows The Developer For The Zelda: Ocarina Of Time Remake
File under "Hmmm"
Sony and Microsoft say they’re not obligated to pass U.S. tariff refunds to consumers, echoing Nintendo
Back in July, Sony executives told investors that the company expected to receive $508 million in refunds from the U.S. government, after tariffs that the PlayStation-maker paid were ruled mostly in 2025 were found to be illegal. “Most” of the refund would by recouped by Sony’s gaming division, its chief financial officer said. This week, Sony’s lawyers are arguing that the company is not legally obligated to pass those proceeds on to consumers who paid for recently price-hiked PlayStation consoles. That’s in the face of a lawsuit from gamers calling on them to do exactly that. “Paying fair market price for voluntarily purchased consumer goods is not a legally cognizable injury in fact,” the lawyers wrote in a legal motion filed on Monday, as they asked a judge in California’s Northern District to dismiss a potential class action lawsuit over the tariff refunds. Microsoft made a similar argument two weeks ahead of Sony’s lawyers, in a similar lawsuit brought by a gamer in federal court in Washington State. As Microsoft’s legal team put it on August 21, in their request for a dismissal of that lawsuit: “There is nothing unjust about Plaintiff purchasing an Xbox at an advertised price and getting exactly what he paid for—regardless of whatever theory he devised months later about Microsoft’s cost structure.” Both legal fights are set to go on for some time. How things got to this point U.S. tariffs impacting a wide range of imported goods, including game consoles, had kicked off in early 2025. In May 2025, Microsoft raised the price of its Xbox consoles, citing “market conditions and the rising cost of development.” They raised them again that September. In August of that year, Sony raised the price of PlayStation 5 consoles, citing “a challenging economic environment.” Sony later told investors that its tariff fees for the fall quarter were nearly $200 million. in February of this year, the U.S. Supreme Court ruled the 2025 tariffs illegal, prompting impacted companies to begin to request refunds. In turn, consumers began suing the likes of Sony and Microsoft to get what they said was their share. The gamers in the Microsoft and Sony lawsuits argue that the 2025 price hikes of PlayStation and Xbox consoles, which added $50 or more to their sticker price, were due to illegal tariffs and should now be returned to consumers. The Sony suit started in May, when a group of gamers sued in federal court in California, saying Sony Interactive Entertainment (PlayStation) would be unjustly enriching itself if it did not pass tariff refunds to its PS5 buyers. “Sony is poised to be paid twice for the same unlawful tariff burden: once by its customers (through elevated prices) and once by the U.S. government (through tariff refunds),” the gamers’ lawyers wrote at the time. They called for Sony to partially reimburse anyone who bought a PlayStation in the U.S. since August 1, 2025. The Microsoft suit, filed by gamer Trevor Hastings against the Xbox giant in July, made similar claims. The console makers push back In late July, Nintendo’s lawyers, facing a similar suit accusing them of double-dipping on tariffs and refunds, replied with arguments that previewed Microsoft’s and Sony’s: “Nintendo or one of its retailers set a price for each product, and consumers decided whether that price was worth paying,” they wrote. Sony has buttressed that Nintendo-style argument this week by saying that the gamers have failed to prove that tariffs were the reason for its August 2025 PS5 price hike. They call thatclaim “speculative and illogical.” Other factors, including “inflation, currency fluctuations, component costs, logistics, competitive dynamics, or demand,” could have played a role. (No, the Sony lawyers do not break down the costs and factors that officially triggered the price increases). Microsoft has also argued that there’s no proof in these lawsuits that tariffs drove all or some of the price increase, as it seeks to dismiss the tariff refund suit it’s facing: “Plaintiff provides no specific allegations that would establish any pricing differential attributable to tariffs or suggest any possibility that Microsoft applied then or could recreate now any dollar-for-dollar calculation of tariff-related pricing—any more than it could any other market factor that affects pricing.” To further skewer the gamer side’s argument in its case, Sony’s lawyers have pointed to what might be a surprising defense: yet another PlayStation 5 price hike from this past spring, after the tariffs were ruled illegal. “If the original price increase were attributable to tariffs, SIE [Sony Interactive Entertainment, aka PlayStation] would have had no reason to raise prices again after the Supreme Court invalidated the IEEPA tariffs.” … “If tariffs were the cause of the price increases, one would expect SIE to lower prices once the tariffs were eliminated—not raise them again. Instead, the timeline confirms that the pricing of PlayStation consoles includes a diverse and dynamic set of input costs.” Judges have not yet ruled on the arguments made by Sony, Microsoft or Nintendo. Last week, Panic, the company behind the small, yellow Playdate handheld said it would be passing its tariff refunds on to consumers. It is the only gaming hardware maker to have made such a pledge. Game File is a reader-supported publication. To receive new posts and support my reporting, please consider becoming a free or paid subscriber. Subscribe Item 2: A reporter’s second Second Life Wagner James Au, who from 2003-2006 was paid by San Francisco-based tech company Linden Lab to be a full-time journalist embedded in their virtual world Second Life, is returning to the company. This time, he’ll be an editorial advisor and business development specialist, he tells Game File. The new role will involve trying to share the stories of people inhabiting Second Life’s ongoing online world with reporters and by extension the public. Au plans to continue to also chronicle some of that through his long-running blog New World Notes. I’ve known Au since the mid-2000s and featured him in a 2007 article for the Columbia Journalism Review about reporters like him opening up virtual news outlets within Second Life. As I wrote at the time: On April 22, 2003, writing as Hamlet Linden for the New World Notes blog on Second Life’s Web site, Au introduced himself. “For the next few months, Linden Lab has invited me to set aside my journalist cap, and instead, don the digital beanie of their in-house virtual correspondent.” He wasn’t paid to keep it positive. He wrote about builders and eccentrics, but then in August of that year, he reported on a tax revolt against Linden Lab (a complaint about the fees it charges users who build stuff) led by a resident whose avatar was a big cat. Second Life has always been less of a video game and more of a virtual world where people can live, hang out, make art, sell virtual items and flirt. Back in 2007, Au described touring it as “sort of like underwater lucid dreaming.” For the past two decades, Au has maintained New World Notes as an independent publication. But he said he’s been drawn back to Second Life and Linden Lab as a place to directly work. The virtual world has around 650,000 monthly active users, he said, “which is actually about what it was during the hype wave.” Au says he’s still finding rich stories in Second Life, the kind that keep him interested 20 years into the beat: “Over the last few months for instance, I wrote about an SL creator in Venezuela whose apartment was destroyed by the earthquakes, so the global SL community rallied to get him back on his feet,” he told me. “Then there’s the woman from a Middle Eastern country who explored her lesbian sexuality in SL, then earned enough from her virtual jewelry to escape her abusive family situation and country.” Au wants to beckon more reporters to give Second Life another look. He argues that it is often ahead of internet trends, noting, for example, an early backlash in the community against AI-made art. Now the platform is drawing curiosity from more of the user-generated content community who’ve grown up with the likes of Roblox, according to Au. “Second Life was too early during its hype wave in 2005-2010, but it now feels right for a new wave of interest,” he told me.
Outdoors Retailer Goes Out of Business After 90-Plus Years: Business NH Magazine
Sam’s Outdoor Outfitters, which had locations in Hadley, Mass., and Swanzey, closed its store in Swanzey on Saturday.
Leak lists Zelda: Ocarina of Time remake developer as Xenoblade Chronicles studio
A retailer may have inadvertently leaked information about the Ocarina of Time remake. Elkjøp specifies Monolith Soft as the lead developer for the Switch 2 game. While the Xenoblade Chronicles studio has supported Nintendo EPD in recent Zelda projects, its leverage over the franchise has grown.
Fort Henry Mall experiencing growth, shifting from retail to entertainment
KINGSPORT, Tenn. (WJHL) – With the announcement of a Tiebreakers location at Fort Henry Mall, just weeks after the opening of the IMAX theater, the mall appears to be experiencing continued g…
Chicago police warn of string of overnight business burglaries across 7 neighborhoods
A series of break-ins at small retail stores across Chicago early Tuesday morning is under investigation. Here's what happened.
Santikos Far West expansion clears major hurdle
Santikos Entertainment closes on 22-acre acquisition in Far West San Antonio to build mixed-use development with entertainment center and retail.
As Food Companies Ditch Artificial Dyes, What Does Science Say About Their Health Effects?
General Mills has removed artificial colors from all of its U.S. cereals, including Lucky Charms and Trix, replacing synthetic dyes with colors derived from fruits, vegetables and spices such as turmeric and paprika. The move comes as food companies face growing pressure from consumers, retailers and policymakers to eliminate artificial dyes. GW public health experts are available to discuss what this shift means for consumers and what we actually know about the health effects of artificial foo
What’s powering Ascension’s commercial property market
Retail and industrial properties kept Ascension Parish’s commercial real estate market on steady ground during the second quarter, even as the office sector continued to lag. The market recorded $145.2 million in sales over the trailing 12 months, a slight increase from May, according to Elifin’s latest market report. Deal activity remained largely unchanged. The […]
Brewery exits Newport on the Levee, the latest in a string of recent retail departures
Wooden Cask Brewing closes its Newport on the Levee location due to high rent and low traffic, joining other retailers departing the development.
A New Adventure With A Familiar Name: The New Tudor Northflag GMT
The new Tudor Northflag M9140G1A0U-0001 with a GMT function. Powered by caliber MT5652-U. Retail price €5,100
FTC sues Amazon, alleging it overcharged advertisers
The Federal Trade Commission and 22 states on Monday accused retail giant Amazon of deceiving businesses by overcharging prices to advertise on its massive retail platform, pocketing billions for the company.
FTC sues Amazon for allegedly overcharging advertisers on its platform
The Federal Trade Commission on Monday accused retail giant Amazon of deceiving businesses by overcharging prices to advertise on its massive retail platform, pocketing billions for the company.
Mag Mile recovery gains momentum with a drop in vacancy and infusions of capital
North Michigan Avenue's availability rate ticked down about 3% year over year, continuing the shopping strip's recovery as foot traffic and retailers return.
Industry-Specific Survey Shows Boost in Small Business Optimism
The Optimism Index for the construction, manufacturing, retail and services industries rose from April, a survey says.
Shein’s dressed for its long-awaited market debut in Hong Kong. But the party may be over
Shein was the ultimate disruptor in fashion. By turning online trends into $11 jeans or $3 crop tops in a matter of days, the ultrafast fashion retailer overtook established companies such as Zara and H&M, prompting it to eye an IPO that would value the company at nearly $100 billion.
Is PENN (PENN) Using Its New Orleans Rebrand To Quietly Redraw Its Capital Allocation Map?
PENN Entertainment recently announced it will invest about US$195 million to relocate its Boomtown Casino & Hotel New Orleans riverboat operations to an adjacent landside site and rebrand the property as Hollywood Casino New Orleans, pending regulatory approval, with plans including 140,000 square feet of new development, roughly 875 slot machines, 45 table games, a retail sportsbook, and multiple dining options. This move, which continues PENN’s pattern of shifting riverboat assets ashore...
Colorado Sues EarnIn For “Immoral, Unethical, Oppressive and Unscrupulous” Business Practices
Hey all, Jason here. When this hits your inbox, I should be en route to the airport — not to go anywhere myself, just to pick up my better half. I must admit, it’s been strange to be home alone (well, with two dogs) for two weeks! Really lets me “optimize” to spending more time on reading/writing/working, whether that’s healthy or not! Looking forward to getting back into a (somewhat) more balance routine. Subscribe or Support by Upgrading Compare Notes With the People Who Built Modern Fintech Partner content: Remitly CEO Sebastian Gunningham. Increase founder Darragh Buckley. Linda Du, Co-founder & President at Valon. They’ll unpack the decisions behind building and scaling major financial products: what they got right, what broke, what they would do differently, and how AI and new infrastructure are changing the operator playbook. Most events tell you where fintech is going. NerdCon puts the people who built the present in the room and asks them what comes next. Expect an operator-led conversation grounded in real products, real trade-offs and lessons earned the hard way. Fintech Business Weekly readers save 20% on Regular tickets with code FBW20 before standard pricing ends September 11. Meet the Builders Things To Know & Other Good Reads Advent and Stripe Abandon $50 Billion Pursuit of PayPal (Bloomberg) Trump Family’s New Crypto Bank Is Backed by Abu Dhabi Sheikh (Wall Street Journal) The multiplying risks of financing data centres (FT) Let the Bond Market Speak (Wall Street Journal) Did we waste a crisis? Modest proposals to reform deposit insurance. (Fintech Takes Banking) Untangling Guggenheim: How Private Credit Built Its Own Universe (Net Interest) The Hater’s Guide To Circular Financing — Part One (Ed Zitron) Fiat Ventures Rebrands to FGV Capital, Announces $35M Oversubscribed Fund II (BusinessWire) Socure Announces Strategic Growth Investment at $5.2B Valuation and Acquires Agentic Operations Platform Fravity (Socure) Listen: When Consumer Protection Disclosures Work Too Well (Consumer Finance Monitor Podcast) Colorado Sues EarnIn For “Immoral, Unethical, Oppressive and Unscrupulous” Business Practices When Andreessen Horowitz led EarnIn’s $39 million Series B in 2017, Alex Rampell, a partner at the storied venture capital firm, described EarnIn’s small-dollar advance product as “free,” relying on “entirely on voluntary contributions instead of fees.” Rampell favorably compared EarnIn’s approach to typical payday loans, writing, “Payday loans historically have had the potential to be a slippery slope for consumers into financial distress: opaque systems and steep fees that are hard to repay and set individuals back further than where they started. For many Americans living paycheck to paycheck, that kind of slide into debt can be extremely difficult to recover from.” But EarnIn’s product — which, the company says, isn’t a “loan,” legally speaking — ends up being anything but free for most users. While it is technically possible to take a no-fee advance from the company, most users incur “Lightning Speed” (instant funding) fees and/or ostensibly optional tips that combined can equate to annualized percent rates that can reach over 1,000%. With an average term of 9.77 days, even fees and tips that are small on an absolute dollar basis are equivalent to high APRs on an annualized basis. A lawsuit filed last week by Colorado Attorney General Phil Weiser against EarnIn describes the company and its product and business practices quite differently than Andreessen’s Rampell; “EarnIn’s business practices are unfair because they are immoral, unethical, oppressive and unscrupulous,” the complaint, filed in District Court in Denver, Colorado, says. EarnIn’s marquee product, Cash Out, isn’t a loan, the company says, as Cash Out is not “[f]orward [l]ooking” because “[t]he money is transferred based on earnings to date,” does not carry a mandatory fee to access funds, and is “non-recourse,” meaning EarnIn cannot pursue recovery from users who don’t repay advanced funds. EarnIn is sometimes referred to as an “Earned Wage Advance” service. Though, unlike some others in the broader category, EarnIn does not integrate with employers’ payroll or time and attendance systems. Rather, EarnIn attempts to verify a user’s income and employment, by examining direct deposit transaction data in their linked external bank account, by using GPS location and Bluetooth data to estimate a user’s time spent at work, if they work in a fixed location, and/or by having a user provided a work email address. While repayment is theoretically optional, as EarnIn would have no recourse, such as reporting non-payment to the credit bureaus or a collections agency, this is anything but clear to users of the EarnIn app, Colorado’s complaint argues. During the process of taking a Cash Out, users must agree to a preauthorized debit of the amount advanced, plus any expedited funding fee and/or tips. Though users technically can revoke this ACH authorization, the fact that they have this right isn’t presented to users during the Cash Out process, but rather is included in linked terms and conditions few users are likely to actually read. And users who do wish to revoke their ACH authorization must do so three or more days before the scheduled transaction date by emailing EarnIn’s customer support. Similarly, EarnIn’s marketing claims that it carries “no interest” and “no mandatory fees” is technically true, but is not the reality for many of the app’s users, the Colorado complaint argues. Further, EarnIn has extensively marketed to users the ability to “access your pay today,” to get “instant” funds, and to get funds “the same day you work” — when, in reality, this speed of access was only possible by paying the additional, undisclosed Lightning Speed fee. The Colorado complaint highlights this contradiction specifically, noting: EarnIn tells consumers that they can ‘Make any day payday with EarnIn’ and that there no ‘hidden’ or ‘mandatory fees.’ For a consumer to access their pay on the same day requested, they would have to pay the Lightning Speed fee. In the fine print of the advertisement EarnIn discloses that ‘[f]ees apply to use Lightning Speed,’ a direct contradiction to the larger text of the advertisement, and a fact that would not be immediately understood by a consumer as ‘Lightning Speed’ is not defined nor explained. Like other small-dollar lending services, rather than explicitly charge interest, EarnIn collects a markup on the optional Lighting Speed fee, which, given the nature of the transactions, many users opt for, as well as offering users the option to leave “tips.” EarnIn leverages either Real-Time Payments (RTP) rails or push-to-card via debit rails if a user opts for the optional Lightning Speed. But while these capabilities cost EarnIn, on average, $0.075 or $0.20 per transaction, respectively, EarnIn charges users significantly more. Initially, EarnIn charged as little as $1.99 for Cash Outs up to $24. But EarnIn has hiked these fees multiple times, and now charges $4.99 for Cash Outs up to $75 and $6.99 for those over $75. According to the Colorado complaint, EarnIn leverages “dark patterns” to manipulate users and to make it more difficult to avoid tipping. Examples of these “road blocks” highlighted in the complaint include: As of 2023, in the EarnIn app, a consumer attempting to get a loan under the default settings had to make at least eighteen separate taps to complete the transaction and reduce the tip to $0. There is an alternative method to leave a $0 tip, via the “Custom tip” feature, but EarnIn made this option difficult to access by visually deemphasizing it and positioning it near devices’ “home” button. Using language and imagery such as “Tip to pay it forward,” “Your generosity supports the service + helps,” “Your tips make a difference,” and “[t]he APR for this cash out is 0%. Your tips help support us.” While Lightning Speed and tipping are, in theory, both optional, in practice, users nearly always ended up paying something. According to the Colorado suit, users were charged either a tip or an expedite fee for more than 92% of transactions, with an average APR of nearly 388%. And, although the advances are “non-recourse,” EarnIn successfully collects on nearly all transactions — 99.18%, according to the complaint, which, Colorado argues, “demonstrat[es] that EarnIn’s advances function as high cost loans, not voluntary payments.” The share of EarnIn users incurring fees — despite the product being marketed as 0% APR — is hard to reconcile with Andreessen investor Rampell’s favorable description of EarnIn vs. “opaque systems and steep fees” associated with payday loans, which, Rampell says, can be “extremely difficult” for borrowers to extricate themselves from. According to Colorado’s suit, EarnIn’s Cash Out product “trapped many consumers in extreme cycles of high-cost reborrowing.” The suit gives an example of one consumer in the state, who took out a whopping 1,151 loans, paying a total of $4,038.50 in Lightning Speed expedited funding fees on loans that averaged the equivalent of 1,421% APR. Another Colorado user, the suit says, took out 1,033 loans, paying $8,561.22 in tips and fees at an average APR of 1,539% . These types of usage patterns demonstrate “the severe and repeated financial harm caused by EarnIn’s illegal lending model,” the Colorado complaint argues. In aggregate, from January 2023 through July 2025, EarnIn extended 3.1 million loans to 56,778 users in Colorado — an average of nearly 55 transactions per person during the time period. EarnIn lent more than $300 million and collected more than $16 million from Colorado users in Lightning Speed fees and in tips. Ultimately, the Colorado complaint argues that “EarnIn’s Cash Outs are loans under Colorado law, and EarnIn’s contention that its product is not a loan based on its disclaimer of any legal repayment obligation lacks any real-world significance given how the Cash Out transactions actually operate in practice.” Colorado further argues that “EarnIn was not working with companies here in providing consumers with funds but acted as a third-party lender and charged illegally high rates, used deceptive design strategies to extract some charges, and trapped consumers in repeat borrowing. Colorado will continue to stand up for consumers and hold companies accountable when they violate our credit laws or attempt to evade them through misleading practices.” Colorado’s suit alleges EarnIn assesses finance charge in excess of that permitted by Colorado law, that EarnIn failed to make legally required disclosures to Colorado borrowers, that EarnIn made supervised loans to consumers without obtaining the requisite license, that EarnIn violated the state’s Deferred Deposit Loan Act, that EarnIn engage in unfair and deceptive trade practices, and that EarnIn made false or misleading statements concerning price. The suit seeks a court order enjoining EarnIn from violating relevant Colorado laws, for EarnIn to refund amounts charged in excess of state law, fees, costs, and penalties, and other relief the court deems to be just. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Q2 Quarterly Banking Profile: Five Quick Takeaways The FDIC released its quarterly banking profile, which is always worth a read, for the second quarter. The profile provides an aggregate snapshot about the overall health of the 4,238 institutions whose deposits are insured by the FDIC, who, collectively, hold more than $26 trillion in assets and saw a total net income of more than $90 billion in the second quarter. Net income was up 12% vs. Q1 2026, with lower provisions and realized gains on securities helping to drive the improvement, somewhat offset by increases in non-interest expense and applicable income taxes. Overall net interest margin was basically flat quarter over quarter (up 1 basis point vs. Q1 2026), though community banks saw NIM grow by 10 basis points, to 3.81%. Unsurprisingly, given that interest rates haven’t changed, unrealized losses on securities changed little, edging up slightly to $326.7 billion vs. $325.1 billion in Q1 2026. Aggregate credit quality has remained benign, with asset quality actually improving slightly in Q2. Overall, institutions reported a 9 basis point decline in their past-due and non-accrual rate, to 1.44%. Net charge off rate also declined by 2 basis points, to 0.57%. And finally, the FDIC’s deposit insurance fund stands at $161.1 billion, making the DIF reserve ratio 1.48% — above the statutory minimum of 1.35%, but still below the designated target reserve ratio of 2%. [Paid Subscriber Exclusive] Nissan Withdraws ILC App, State Associations Plan BankChain Alliance, FDIC Defines “Unsafe or Unsound Practice” For First Time Automaker Nissan withdrew its application to charter a Utah industrial loan company and its corresponding application to the FDIC for deposit insurance last week, on August 19th. Nissan’s application had been outstanding for more than a year, as it originally applied in June 2025. Recent applications to the OCC to form national banks have been decisioned, one way or the other, substantially more quickly than has historically been the case.
County board allows housing with retail at Reston’s Lake Fairfax Business Park
Previous Image 1/2 Next Image Fairfax County officials are on board with the idea of redeveloping Lake Fairfax Business Park in Reston into a large residential neighborhood. After a public hearing on Tuesday (Aug. 25), the Board of Supervisors approved an amendment to its comprehensive plan to allow up to 1,250 residential units with supporting
Sag Harbor, in an era of chain stores, wrestles with its retail identity
Some see Sag Harbor's unique charm as threatened by chain retailers, sparking debates on preserving its independent business identity.
Levanta raises $22 million Series B to grow social-commerce network
Creator commerce platform Levanta has raised a $22 million Series B round as it looks to drive more influencer affiliate sales on retail sites.
Preorders Are Live for the Xbox Wireless Controller X25 Special Edition – It Costs $79.99 and Is Out October 20
You can now preorder the Xbox Wireless Controller X25 Special Edition from a variety of retailers.
Evanston pairs small business startups with vacant retail space in Space to Place incubator
Evanston is providing small business startups with vacant retail space downtown in its Space to Place incubator.
Kellogg Square business center, sold for $11.3 million, to become 'catalyst' growth of Old Town Goleta - Santa Barbara News-Press
As new housing projects make progress near Old Town Goleta, Kellogg Square will provide business and retail infrastructure.
Rainbow Six Tactics Announced, First Single-Player Rainbow Six Game Since Vegas 2 in 2008
Ubisoft has announced Rainbow Six Tactics, an upcoming turn-based tactics game starring familiar Rainbow Six Siege Operators. Revealed at Gamescom's Opening Night Live showcase, it will retail for $49.99 and is due out in 2027 for PC, PS5, and Xbox Series X|S. It's the first single-player game in the franchise since Rainbow Six Vegas 2 for the Xbox 360 and PS3 in 2008.
Dick’s Sporting Goods’ Stock Sinks 16% Toward Worst Day In 3 Years—Here’s Why
The sports retailer cut its profit outlook amid a “challenging” market.
Shop 15 easy entertainment upgrades for the ultimate fall watch party
Refresh your living room for fall with TVs, soundbars and home entertainment from top retailers. Here's 15 items to shop.
Zohran Mamdani Is Turning His Fire on Amazon
The socialist mayor has taken the retail giant to task over the status of delivery workers, the sale of illegal e-bikes and fines for idling vehicles.
