Fifth Wall Co-Founder Brendan Wallace Claims Brick and Mortar is Not Dying
Fifth Wall is a $212 million venture capital fund investing in technologies for the Built World, backed by the largest owners & operators of real estate in the US. Alyssa Julya Smith sat down with co-founder Brendan Wallace to get insight into what is happening to retail this holiday shopping season.
Wallace says brick-and-mortar stores are not dying, but companies will have to redefine strategy to include omni-channel strategies. For example, stores will have fewer retail outlets, but include different options for customers to buy products.
Wallace also touches on newer models of retail, which include bridging the tech and physical space to encompass both e-commerce and brick-and-mortar options. Wallace says Fifth Wall invests in companies that bring real estate and retail to consumers.
The NASDAQ’s Executive Vice President of Corporate Platforms breaks down why you’ll probably see a lot of companies going public in September and December.
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
