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Neiman Marcus Emerges From Chapter 11

PYMNTS

“We emerge from Chapter 11 as a stronger, more innovative retailer, brand partner and employer.”. At the conclusion of this process, I remain profoundly impressed by the strength of Neiman Marcus and Bergdorf Goodman, the commitment of our associates, the unwavering support of our brand partners and the loyalty of our customers.”.

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Macy’s Spotlights Women-Owned Businesses With SoGifted

PYMNTS

Macy’s is partnering with the female-led millennial venture capital fund SoGal Ventures to launch an in-store initiative focused on women-owned businesses, Macy’s said in a press release on Thursday (Dec. SoGal was co-founded by Pocket Sun and Elizabeth Galbut in 2016 and is headquartered in New York City. Lauderdale.

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BuzzFeed To Launch Unique Toy Store In NYC This Fall

PYMNTS

BuzzFeed is planning to open a toy store in New York City later this fall. New York Post reported that the store, called “Camp,” will be located in an 11,000-square-foot space in Manhattan’s Flatiron District. Freeman, senior managing director at GlassRatner Advisory & Capital Group, recently said.

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Retail Pulse: FAO Schwarz To Open New Flagship; Amazon Expands Grocery Delivery

PYMNTS

News this week surfaced that FAO Schwarz is planning to have a flagship store in New York City once again – this time at Rockefeller Center instead of the Fifth Avenue location where Tom Hanks tapped out “Chopsticks” on a dance-on piano in the 1988 movie “Big.”. percent stake in Starbucks.

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Logistics Startup Darkstore Scores $1.4M Seed

PYMNTS

A young logistics startup that gives eCommerce brands same-day delivery capabilities just scored a major chunk of venture funding. million in a seed funding round led by VC firm PivotNorth Capital. Brands without local inventory can use Darkstore’s storage space to ship same-day. Just recently, the company scored $1.4

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How To Make Sure Stores Don’t Die

PYMNTS

The idea, as explained in a new PYMNTS interview with Adam Levene, founder of a retail technology company called Hero , is to plug the physical store, so to speak, into the larger digital and mobile worlds where consumers are increasingly operating. Some of that fresh capital, he said, is earmarked toward geographical expansion.

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Kasisto Lands $17M, Plans Expansion

PYMNTS

In a press release , Kasisto said Oak HC/FT led the fundraising round, with participation from existing investors Propel Venture Partners, Two Sigma Ventures, Commerce Ventures, Mastercard and Partnership Fund for New York City. AI’s adoption in financial services has continued at a rapid pace.