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Christopher & Banks Seeks Chapter 11 Bankruptcy

PYMNTS

Christopher & Banks said it has filed motions with the court to seek permission to maintain its operations by paying vendors and suppliers in the usual course of operations, paying staffer wages and benefits without disruption and the utilization of cash collateral. In September, Christopher & Banks reported a 70.9

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Today In Retail: Ethan Allen Projects 44.9 Pct Retail Written Orders Growth; Christopher & Banks Files For Chapter 11

PYMNTS

The company, which is based in Minnesota, showcases women’s apparel and accessories. 13, it operated just below 450 retail locations in 44 states. Christopher & Banks Corporation has voluntarily sought Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of New Jersey.

Retail 142
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New Business Ventures Expected To Drive Amazon Q2 Earnings

PYMNTS

The world’s most valuable brand is set to publish its second quarter earnings report on Thursday (July 25), which is expected to provide insight into how Amazon’s newest acquisitions are boosting the company’s revenue. Online sales were 64 percent higher than on a normal Monday.

Las Vegas 115
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New Formats Deliver For Food Ordering

PYMNTS

At the same time, online food delivery increased nearly 15 percent between 2018 and 2019. It’s no wonder more than three-fourths (78 percent) of operators considered off-premises programs strategic priorities. . While drive-thrus can be a source of retail innovation , traditional operations aren’t what they used to be.

Study 108
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Retail Pulse: goop Finds Stickiness In New York, Opens ‘Lab’; Nordstrom To Offer Early-Bird Pickup

PYMNTS

Digitally native brands often test the retail waters with pop-up shops, and, after some offline success, they may expand their concepts with permanent locations. It will also offer a larger jewelry selection and exclusive brands like Sidney Garber, who has bracelets that sell for $8,600 and up. In Other Brick-and-Mortar News.

New York 116
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Should Unstaffed Stores Be Shelved?

PYMNTS

Isn’t Only for Big Brands. Farmhouse Market , a much smaller player in Minnesota, shows how automated retail can be adapted outside of big cities and tech hubs. Just last July, online retailer JD.com announced plans for 5,000 small, unmanned shops using smart shelves. grocery spending occurs online, compared to the U.K.’s

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The case for end-to-end digital lending

Independent Banker

In early 2021, the $490 million-asset community bank launched its Finastra Consumerbot product, which offers online applications for consumer loans for items like boats and vehicles. began offering online applications nearly a decade ago and rolled out its custom online loan application tool in 2016.

Lending 91