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

PYMNTS

Retailers are entering that time of the year where high temperatures settle over just about every part of the continental U.S., brands like apparel retailer Austin Reed, though, the weight of all that financial baggage is too much to crawl out from under. For some U.K. Store Closures.

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Square Root Study Reveals Key Retail Weaknesses

PYMNTS

The retail industry is in the midst of an evolution in the way it does business. Thanks to connected technology, consumers’ expectations on the retail experience have changed. Square Root CEO Chris Taylor commented on the retail landscape and what’s needed to improve brick-and-mortar success down the line.

Study 100
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Software Co BigCommerce IPO Soars 183 Pct

PYMNTS

BigCommerce , which works in software for online business operations, saw its value rise by 292 percent after an initial public offering (IPO) for $216 million was priced above a target range, according to a report by Bloomberg. According to a PYMNTS report , Tiger Global Management plans to buy at least one-fifth of the shares in the IPO.

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Retail Pulse: Madewell Teams With thredUP; Walmart Rolls Out InHome Delivery

PYMNTS

Brick-and-mortar retailers are joining forces with online reCommerce companies to bring pre-owned merchandise into their stores, adding to their sustainability efforts. They were to be available in some Chicago, Nashville, Austin and New York stores beginning on Oct. Beyond Madewell, other retailers have collaborated with thredUP.

Retail 101
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Retail Pulse: Walmart To Boost Supply Chain In China; JD Sports Rides Athleisure Popularity

PYMNTS

Retailers are bolstering their supply chains in China as they seek to enhance their service and offer customers fresh products. The post also pointed out that the retailer invested over RMB 700 million – which is approximately $100 million – to create the South China Fresh Food Distribution Center. Other Brick-and-Mortar News.

Retail 101
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US Bank, Mansfield Energy Partner On Consolidating Fleet Card Spend

PYMNTS

Bank to launch a mobile fueling program in an effort to help fleet managers save on refueling costs. Bank noted that fleet managers are often facing extra costs in driver labor when they pay to have their drivers to drive off-route to refuel at a retail fuel gas station.

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Upcoming Celent discussion at the American Banker Retail Banking conference

Celent Banking

Next week I will be moderating a panel discussion at American Banker´s Retail Banking Conference in Austin about the competitive pressures of community institutions. Online banking platforms are often basic, many have no mobile apps, and business platforms like treasury management are severely outdated.