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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
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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
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Netspend CEO On Making The B2B Pivot

PYMNTS

When you've got a legacy business that's so used to going directly to the consumer and to a specific segment of the consumer, you build your operating model around that.”. Instead, Netspend’s core strength is in the provisioning of financial services like cards, mobile wallets and the compliant and secure movement of money.

Austin 281
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Levi Goes ‘Soft And Stretchy’ In A Rigid Retail Market

PYMNTS

million secured term loan, which comes due in 2020. Rue21’s new strategy includes opening 40 new stores, giving 100 current stores a facelift and focusing on branding. The Austin, Texas-based retailer is hoping to sell 109 Golfsmith stores in the U.S. Estimated operating cash flow will be negative $1.5 billion for 2016.

Retail 100
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Apple Pay’s Tough Twenty Months

PYMNTS

The only thing Apple didn’t do was require users to wear Apple-branded gear while checking out. Apple Pay is also now last in line on the web behind PayPal, Visa Checkout, MasterPass, Amazon, Walmart Pay on Walmart.com and soon Chase Pay, who all do one thing that Apple does not: They work across operating systems and browsers.

Apple 165
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Building A Better On-Ramp For Credit Repair

PYMNTS

Secured credit cards tended to lead the pack for people looking for an onramp into the credit system, he found, but secured cards have two big problems. So the idea for Self Lender was, what if I could partner with a bank and basically make you a loan where you have to put the money into a brand-new CD,” he described.

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32 Corporate Innovation Labs In Retail

CB Insights

From supply chain and inventory improvements to new payment options, these brands are going all in on digital. With a major focus on sustainability and the future, Space10 is looking to innovate in everything from urban planning to food security. The Home Depot also operates a secondary lab out of Austin called BlackLocus.