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Neiman Marcus Emerges From Chapter 11

PYMNTS

We emerge from Chapter 11 as a stronger, more innovative retailer, brand partner and employer.”. Bankruptcy Court for the Southern District of Texas, Houston Division. The financing is in addition to the liquidity provided by the $900 million asset-based lending led by Bank of America and a group of commercial banks.

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How A New Name Sparked An Unattended Retail Turnaround

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But the branding came across somewhat differently. The brand was widely accused of being culturally insensitive and appropriating the name of the very shops they were hoping to push out of business with their full-service vending machines. The Washington Post branded Bodega the most hated startup in America.

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Why Online Retailers Go To Nordstrom To Try On Physical Retail

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Through a reasonable long game, Nordstrom has positioned itself as the department store du jour for hot young brands in real world commerce. Some 62 percent of Nordstrom’s 120-plus stores are in elite malls like Roosevelt Field in Long Island, Short Hills in New Jersey or The Galleria in Houston. That’s much better than No.

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Warehouse Space Going For Premium Rates

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Brick-and-mortar merchants are far from being free from the problems that plague their particular brand of retail, but even they have to look at online retail rising rents for warehouse space with a little bit of mirth. According to a new report from CBRE, things are about to get even worse.

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Kroger Rolls Out New Grocery Delivery Offering

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The offering will debut in Houston, Louisville, Nashville and Kroger’s hometown of Cincinnati, Chain Store Age reported. Our new service is just one more way we are redefining the customer experience as part of Restock Kroger, bringing more convenience and options to shoppers across America.”.

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Kroger Same-Store Sales Miss Views As It Overhauls Stores

PYMNTS

The program, dubbed Restock, was launched earlier this year in an effort to adjust product choices, rearrange store layouts and highlight private-label brands. Our new service is just one more way we are redefining the customer experience as part of Restock Kroger, bringing more convenience and options to shoppers across America.”.

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Mastercard Send: From P2P To B2B To SMB

PYMNTS

Send, she said, helped shape the appetite for real-time, card-based push payments that is now being seen across all of North America. Krikorian said Send has grown from just looking at Mastercard’s own transactions on its own branded cards in a very specific use case, to enabling new use cases like disbursements and micro-loans.

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