article thumbnail

Austin Reed Can’t Find A Buyer, Will Close All 120 Stores

PYMNTS

A few times every week, the retail headlines can read like the obituaries, but it’s not every day that the dearly departed brands in question can claim a heritage stretching for more than a hundred years. A paltry five Austin Reed kiosks already located in Boundary Mills outlet stores will continue to soldier on.

Austin 100
article thumbnail

Chapter 11 Watch: Austin Reed Bids Farewell, Staples Plots A New Course

PYMNTS

brands like apparel retailer Austin Reed, though, the weight of all that financial baggage is too much to crawl out from under. The Baltimore Sun is reporting that the Mars brand, which operates 13 stores across Maryland, will be selling off five of its locations and shuttering the remaining eight. For some U.K.

Austin 100
Insiders

Sign Up for our Newsletter

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

article thumbnail

Retail Pulse: DSW Expands In-Store Experiences; L Brands Plans Store Closures

PYMNTS

Austin, Texas; and Dublin, Ohio. They also create repeat visits to the DSW brand, where an exciting footwear assortment awaits.”. L Brands plans to close approximately 53 Victoria’s Secret locations this year as it curtails investments in new and renovated stores. L Brands posted net income in the fourth quarter of $1.94

Branding 129
article thumbnail

Glossier Brings Shops To Nordstrom

PYMNTS

The brand will only sell its “Glossier You” fragrance, which has become one of the top-rated products on Glossier.com since rolling out in October 2017, CNBC reported. Nordstrom has had an industry reputation for being a much-desired partner for up-and-coming online brands that are seeking to grow. fragrance sales.”.

article thumbnail

B2B Finance As A Service Tops This Week’s VC List

PYMNTS

Based in Austin, Consero provides businesses with a Finance as a Service suite of solutions: outsourced CFO and bookkeeping services, combined with its financial management platform SIMPL. The company secured $50 million in private equity funding from BV Investment Partners, Built In Austin said this week. Consero Global.

Austin 100
article thumbnail

Square Root Study Reveals Key Retail Weaknesses

PYMNTS

In Austin-based Square Root’s latest study with Forrester Consulting, Close The Gap Between High- and Low-Performing Stores: Management and Measurement of Brick-and-Mortar Retail Locations , retail store performance issues that affect customer experience and loyalty were identified.

Study 100
article thumbnail

Rescuing The Restaurant Business From App Decline

PYMNTS

The internet “and its many apps, online reviews, and socially viral communication speeds will continue to disrupt restaurant industry traffic, revenues, brands, and survivability even more over the next decade,” Christopher Baron of RedBaron Consulting, told Modern Restaurant Management.

Miami 130