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Le Pain Quotidien Is Latest Food Chain To File For Bankruptcy

PYMNTS

As The Wall Street Journal reported, the eatery hoped to avert a complete liquidation of its 98 locations in New York, the Mid-Atlantic, California, Illinois and Florida with a proposed $3 million sale of the business to Aurify Brands LLC. Under the terms of the deal, Aurify Brands would allow at least 35 of its U.S.

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Retail Pulse: Nike Opens Atlanta SNKRS Pop-Up; FAO Schwarz Plans London Store

PYMNTS

Big brands are opening pop-up shops chock full of digital commerce technology and experiences for fans, and Nike is no exception. Items available for sale will range from the Air Force 1 drops to The Ten Collection — items that Nike said in an online post are “specific to Atlanta’s vibe.” In Other Brick-And-Mortar News.

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How QSRs Enable Digital Options With Rapid Order-Ahead Growth

PYMNTS

The release also noted, “Additionally, restaurants will have a simplified look into their in-store, online, and delivery orders all in one unified location.”. Over 400 Dunkin’ restaurants throughout the five boroughs of New York City are now offering delivery through Seamless, Grubhub’s New York brand.

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Shopping Malls Are Evolving, But They’re Not There Yet

PYMNTS

As online shopping is showing no signs of slowing down, it has affected shopping malls greatly resulting in less foot traffic alongside less dollars spent in brick-and-mortar locations. In Q1 alone this year , just over 2,800 of these mall anchor stores have shut their doors with analysts predicting 8,600 total to close by the year’s end.

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23 VC-Backed Brick & Mortar Startups Changing The Face Of Main Street

CB Insights

.” The company operates six permanent and two temporary locations in the New York City area, as well as one at Disney’s BoardWalk Inn in Orlando, Florida. MiniLuxe is a nail and beauty lifestyle lounge with locations in Dallas, Rhode Island, Los Angeles, and Boston. Beauty, Lifestyle, & Specialty. Oh My Cream! Oh My Cream!

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Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Formerly beloved brands such as Aeropostale, American Apparel, and PacSun bit the dust in 2016, and the pace of retail deaths has accelerated since then. Additionally, many of these physical retailers have lost the cache they once had as new direct-to-consumer brands with a hyper-focus on specific products have taken off.

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Surviving The Retail Apocalypse: The Technologies And Trends That Can Help Brick-And-Mortar Thrive Again

CB Insights

E-commerce sales growth is pulling ahead of total retail sales ( 17% vs. 6% for year-over-year in Q4’17), and Amazon is controlling upwards of 40% of online sales in the US, according to the US Department of Commerce and Slice Intelligence, respectively. ” — Alistair Davidson, CFO, Ikea. Its membership fee revenue grew 12.6%

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