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Saving Main Street From Its Downward Pandemic Spiral

PYMNTS

And as much as people may complain about the crowds in the stores or on Main Streets, they like being part of the hustle and bustle – and the energy it brings. More consumers mean more sales – and more sales means growth, expansion, jobs and prosperity for the business, its workforce and the local economy in which it operates.

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What Famed Boston Eatery Petit Robert’s Owner Sees As Restaurants’ Future

PYMNTS

Boston’s Petit Robert Bistro , one of the city’s fanciest French restaurants, started 2020 with expectations that were anything but small. But as Massachusetts slowly lifts its ban on most retail operations, Le Garrec said there are still more unknowns than knowns for restaurateurs like himself.

Boston 244
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Today In Retail: Wayfair Exceeds Estimates; Carvana Sales Surge; SA Company Pivots With Pandemic

PYMNTS

These are the top stories in retail for Tuesday (Nov. Bloomberg reported this week that Boston-based home décor eCommerce giant Wayfair turned in strong third quarter financials, noting that the firm’s quarterly results “exceeded analysts’ estimates, suggesting the wave of home improvement inspired by the COVID-19 pandemic is lingering.”.

Company 131
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23 VC-Backed Brick & Mortar Startups Changing The Face Of Main Street

CB Insights

As internet retailers are expanding their operations into brick-and-mortar operations (think Warby Parker, Argent, Bonobos, and BaubleBar ), venture capitalists are also investing in “physical-first” startups focused on creating new brick-and-mortar business models. New Frontiers in Retail Tech. RESTAURANTS.

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David’s Bridal Avoids Bankruptcy With Debt Deal

PYMNTS

Sources told Bloomberg that the retailer had discussions with lenders and equity holders from its previous bankruptcy filing, including Oaktree Capital Group, with some investors agreeing to rework about $280 million of debt and to provide $55 million of new money to keep the company in business. Canada, U.K.

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Le Pain Quotidien Is Latest Food Chain To File For Bankruptcy

PYMNTS

The New York-based company owns and operates fast-casual restaurants including some Five Guys locations, Melt Shop and The Little Beet. . West Palm Beach, Florida-based TooJay’s Original Gourmet Deli, which operates 24 restaurants, has filed for Chapter 11 bankruptcy protection. restaurants to reopen, but the rest are at risk.

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New Report: SMS-Based Outreach Helps Merchants Authenticate Consumers, Boost Online Sales

PYMNTS

Retailers, in particular, are wary of adopting 2FA because of the frictions the method can present, and their fears are not without merit. One recent survey found that roughly 50 percent of consumers abandoned onboarding attempts that they described as cumbersome or untrustworthy over the past 12 months, for example.

Online 272