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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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The Coffee Shop Office: A Money Drain Or Money Magnet?

PYMNTS

Suarez said it’s all about balance and branding. Pat Mills, the manager of Making Nice Coffee in an up-and-coming neighborhood of a West Coast city, said the workspace trend also hit his shop over the past decade — but unlike Suarez and Methodical Coffee, Mills and his company made the decision to embrace the working culture.

Baltimore 113
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Retail Reinvention: Why Retail Doesn’t Need Salespeople

PYMNTS

Take retail salespeople — Stoll’s self-proclaimed cornerstones of capitalism. Back in the so-called “good old days” of retail, salespeople used to be the only source of information consumers could consult about a product before they made a purchase. Service — not sales — is the new human retail touchpoint.

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12 Industries That Will Thrive Thanks To Millennials

CB Insights

In 2018, Marriott International opened a hotel designed specifically for young travelers in Tampa, while Hilton began building a new iteration of its millennial concept hotel, Tru, in Baltimore. Many millennial consumers are looking beyond older, legacy coffee brands to blends from boutique “third-wave” coffee roasters.

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Retail Fizzles, Alipay Sizzles — And Burger Wars Reignite On Mobile

PYMNTS

May flowers did not appear for retail earnings, unless you consider a bouquet of stinkweed a blanket of blossoms. After several quarters of failing revenue, plummeting same-store sales, falling foot traffic and announced store closures from retail CEOs, retail earnings for the first quarter of 2017 were not expected to be stellar.

Retail 108