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Indochino Eyes Expansion In 2019

PYMNTS

Indochino , the digitally-native made-to-measure menswear brand, has plans to expand in 2019. Vancouver-based Indochino, which currently operates 38 showrooms , said six locations will open this year in the Northeast, including Brooklyn, N.Y.; Greenwich, Conn.; Manhasset, N.Y.; and Paramus, N.J.; Greenwich, Conn.; Manhasset, N.Y.;

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Merchants Gone Wild: The Surcharge Edition

PYMNTS

Since about mid-December of 2018, checking out in the stores here in Boston has become even more of a hassle. This newfound friction is the result of the City of Boston passing a bill that bans plastic bags and gives merchants the right to charge for ones made of paper. And it will be a lot more than just 10 cents. The Ban on the Ban.

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Data Dive, Go Big Edition: Apple, Amazon And CloudKitchens

PYMNTS

Early accounts seem to indicate that the just-launched Apple -branded credit card is finding its way into customers’ hands, and into heavy use. The fee-free card is Goldman Sachs’ latest inroad into the retail consumer business after establishing its online Marcus brand in 2016, which makes unsecured personal loans.

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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. As of mid-2016, 74 company-owned restaurants and 31 franchised restaurants are up and running in 15 states. We worked very hard to avoid this step,” said Mark Demilio, Cosi’s chairman. “[T]he

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CVS Health Unveils Atlanta HealthHUBs; Target’s Digital Sales Rise Despite Slow Growth

PYMNTS

The stores are part of the retailer’s strategy to have up to 1,500 locations operating throughout the country by the conclusion of next year. According to previous reports, Boston, Dallas-Fort Worth, North Carolina, and Ohio are among the next markets the pharmacy chain is targeting for the growth of HealthHUB in 2020.

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QSRs Supersize Their Digital Ante

PYMNTS

Between 2016 and 2018, for instance, the volume of orders placed through mobile apps grew by 130 percent, according to PYMNTS’ Mobile Order-Ahead Tracker. Additionally, 86 percent of mobile app operators said their offerings boosted revenues, and 93 percent said apps improved guests’ experiences and encouraged repeat purchases.

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

CB Insights

Modern-day retail is at an inflection point as retailers face struggling physical storefronts, massive debt, and inefficient operations, among other issues. 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. Date: May 2017.

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