article thumbnail

Cosi Files For Bankruptcy

PYMNTS

According to reports, the Boston-based chain has filed for bankruptcy as it looks to restructure its debt load and conduct a sale process. We believe this process will allow the company to right-size its balance sheet, reduce its debt and focus on improving the business and stabilizing the brand,” Bennett added. As of Wednesday (Sept.

Boston 100
article thumbnail

Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Formerly beloved brands such as Aeropostale, American Apparel, and PacSun bit the dust in 2016, and the pace of retail deaths has accelerated since then. Additionally, many of these physical retailers have lost the cache they once had as new direct-to-consumer brands with a hyper-focus on specific products have taken off.

Retail 78
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Payments Innovators Can Learn From Monkeys

PYMNTS

In 2010, two researchers at MIT’s McGovern Institute for Brain Research published a paper that shed new light on how the brain makes decisions to stick with or change routine behaviors. This year, Google reported that 15 percent of those searches were for brand-new search terms, but down from the 20 to 25 percent they claimed in 2007.

article thumbnail

2019: What To Take Forward And What To Leave Behind

PYMNTS

But those concerns haven’t stopped consumers from using voice to access these new experiences, because they trust the primary enabler of those voice-enabled purchasing experiences – today that’s Amazon – as well as the underlying payment methods they use to make those purchases, which are network-branded credit and debit cards.

Mobile 205
article thumbnail

Who’ll Rule The Future Of Commerce?

PYMNTS

The modern-day department store, the intermediary that’s aggregated brands and buyers in a single physical location for more than 160 years, and the modern-day shopping mall, which has done the same for the last six decades, has steadily lost foot traffic, sales and profits to online competitors since about 2010.

Online 128
article thumbnail

Who’ll Rule The Future Of Commerce?

PYMNTS

The modern-day department store, the intermediary that’s aggregated brands and buyers in a single physical location for more than 160 years, and the modern-day shopping mall, which has done the same for the last six decades, has steadily lost foot traffic, sales and profits to online competitors since about 2010.

Online 112