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Fashion Retailer rue21 Strikes Deal To Retire Debt

PYMNTS

Fashion retailer rue21 (r21 Holdings, Inc.) Today is an exciting day, as we've accomplished our goal of putting rue21 on a secure financial footing in the most unprecedented of times," rue21 Chief Financial Officer Michele Pascoe said in an announcement. million members.

Retail 141
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Visa’s Sensory Branding Goes Global

PYMNTS

Today (June 17) Visa is announcing that their sensory branding suite is in over two dozen countries care of a dozen new partnerships. Visa’s sensory branding suite of products includes a sound, animation and haptic cues for consumers and merchants when a Visa transaction is completed.

Branding 116
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Return Season Hits Hard; Some Retailers See Bright Side Of Customer Experience

PYMNTS

The dreaded returns season has hit retail with a predictable but painful thud. In fact, forward-thinking retailers are looking at the return process as a chance to create a positive customer experience. In fact, forward-thinking retailers are looking at the return process as a chance to create a positive customer experience.

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Merchants And The Big Retail Reset

PYMNTS

Iain McNicoll , VP of Americas/SMB for payments platform Payoneer , recently told PYMNTS that eCommerce’s market share has risen to 27 percent from just 16 percent when the pandemic began. McNicoll said the quick gains aren’t surprising, as physical retail stores essentially closed down worldwide for months.

Retail 318
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Afterpay Announces Nationwide Adoption By Major Retailers

PYMNTS

Afterpay has announced its in-store buy now, pay later (BNPL) service is being offered by major retailers at locations across the country. Shoppers can use Afterpay to buy items in select retail stores using their Afterpay card, a virtual, contactless card stored in their digital wallet,” the firm said in a Tuesday (Oct.

Retail 130
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Online Mattress Retailer Casper Sleep Files IPO

PYMNTS

According to its Securities and Exchange Commission stock registration statement, as cited by CNBC , the online mattress retailer said it lost $73.4 Walmart and Amazon have incubated their own brands of mattresses that they sell via the web. Privately held Casper Sleep filed regulatory paperwork on Friday (Jan. million in 2018.

Retail 130
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COVID Retail Update: Mall Group Asks For Bailout

PYMNTS

For most retailers, this virus thing is starting to hurt. Retailers are now in full-on battle mode,” said Jefferies Analyst Randal Konik , who foresees a 90 percent to 100 percent drop in mall traffic. For retailers, this is now about near-term survival.”. “For For retailers, this is now about near-term survival.”.

Retail 161