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Cloud Software Co. Mirakl Raises $300M

PYMNTS

Alexandre Margoline , a partner at Permira, said in a statement that Mirakl can become the central hub and platform for digital marketplace operators, sellers and partners. . Mirakl provides online marketplace software to manufacturers, wholesalers and retailers, including Kroger Co., Siemens AG and Hewlett Packard Enterprise Co.,

Software 220
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High-End Fashion Site Mytheresa To Start Trading On NYSE

PYMNTS

Mytheresa , which launched in 2006, claims to be “one of the leading global luxury fashion eCommerce retailers.”. The new platform will work much like the concession model in department and specialty stores, through which a brand will operate a mini-shop within a store. Mytheresa’s parent company, MYT Netherlands Parent B.V.,

Branding 220
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How Toys R Us’ Demise Could Benefit Amazon And Other Retailers

PYMNTS

One retailer’s loss could be another retailer’s gain: Even though Toys R Us is facing bankruptcy, other retailers may benefit from the embattled toy retailer’s demise. Amazon could take over some of Toys R Us’ stores, which may be soon vacant as the retailer winds down its operations. Retail Group.

US 139
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Retail Pulse: Brookstone Files For Bankruptcy; Kroger Launches New Delivery Service

PYMNTS

Brookstone , a specialty retailer known for massage chairs and gadgets, used to be a must-see mall retailer. malls, Brookstone is now the latest major brick-and-mortar retailer to announce that it has filed for bankruptcy protection. Both have operations online under new owners, reported The Wall Street Journal.

Retail 100
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Five At Five: U.S. Banks Notch Big Victory

PYMNTS

Sears is still in the bid game, a mobile banking operator thinks big and holiday sales in the U.K. Last year was the first time since 2006 that not one U.S. The news comes after Sears Holdings had reportedly turned down a bid by Chairman Eddie Lampert to help the retailer keep its doors open. disappoint. N26 Has $2.7B

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Hudson’s Bay CEO To Depart In Coming Weeks

PYMNTS

and aided the company by bolstering operations as well as selling businesses, The Wall Street Journal reported. was a target of Land & Buildings Investment Management LLC, an activist investor that wanted the firm to optimize its real estate value by converting its retail space into hotels, offices and other boutiques.

Groups 130
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Wielding Cuddle Power To Affect Retail

PYMNTS

An inherent truth of the retail industry — that consumers, at the end of the day, wield the ultimate power in determining what products and companies succeed — can even be applied to entire business models.

Retail 100