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Ascena Retail Group Considers Bankruptcy Filing

PYMNTS

With the pandemic putting its business into a state of disorder, Lane Bryant and Ann Taylor owner Ascena Retail Group is reportedly in talks with lenders about a possible bankruptcy filing. Most of the roughly 2,800 retail locations of Ascena are still shuttered. The retailer foresees closing approximately 230 of 687 stores.

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Innovation-Seeking Big Brands Pop Up In Small Spaces

PYMNTS

Brands might want a space to test new concepts with shoppers in brick-and-mortar retail environments, but they don’t always want the time and expense involved in building out a permanent store. It also comes with a bit of staffing twist, as Macy’s own team members will service the brands per a February The Market@Macys report.

Branding 143
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Retail Pulse: 7-Eleven Tests Cashierless Tech; Staples Debuts Connect Store Concept

PYMNTS

Brick-and-mortar retailers are testing convenience store designs that let consumers skip the checkout line and pay for their purchases with their mobile phones. 7-Eleven President and CEO Joe DePinto said in an announcement , “Retail technology is evolving at a rapid pace, and customer expectations are driving the evolution.

Retail 143
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J.Crew Joins The Pandemic Bankruptcy Perp Walk

PYMNTS

The great retail re-opening is now being called the “great resettling” by many observers and J.Crew is its latest victim. According to several sources the preppy retail chain has been negotiating with its lenders since it canceled plans to take its Madewell subsidiary public. A filing could come as soon as this weekend.

Retail 185
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Why Pets Are Pulling Retail Innovation’s Leash

PYMNTS

Pet retail is having a moment, with innovation and other efforts helping merchants better reach owners of dogs, cats and other household animals. Pawscout, as it turns out, just launched its $20 pet tags in Walmart — and is selling the product via other retailers, Chavez told PYMNTS. physical retail landscape.

Retail 122
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Retail Pulse: Domino’s Opens 10,000th International Store; McDonald’s Buys Dynamic Yield

PYMNTS

Frank Krasovec, chairman of Domino’s master China franchisee Dash Brands Ltd., said in an announcement , “Not only are we excited to open the 200th Domino’s location in mainland China, but we are thrilled that it marks the brand’s 10,000th store outside of the U.S.”.

Retail 122
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Tuesday Morning Seeks Chapter 11 Bankruptcy Protection

PYMNTS

To decrease its outstanding liabilities and bolster its total financial position, Tuesday Morning Corporation said in a statement that it has filed for Chapter 11 bankruptcy to pursue “financial and operational reorganization.” The retailer, which was started in 1974 and is based in Texas, has roughly 700 locations throughout the nation.

Texas 130