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Luxury Brand Barneys New York Seeks Bankruptcy Protection

PYMNTS

Struggling to compete with online brands, famed Big Apple luxury retailer Barneys New York has put itself up for sale and filed for bankruptcy protection, according to a report by Reuters. . It’s also dealing with a massive rent hike at its headquarters which sent it frantically searching for a buyer. .

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Blue Nile Adds Fifth Showroom, This One Near Headquarters

PYMNTS

Nearly a year and a half after it opened its first brick-and-mortar store on Long Island, online jewelry retailer Blue Nile has opened its fifth store in Bellevue, Washington, near its headquarters. Despite its main success through online jewelry sales, the 17-year-old company sees value in connecting with customers one-on-one and in-person.

Oregon 100
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Rescuing The Restaurant Business From App Decline

PYMNTS

The model for the DineVite online and mobile app is actually similar to social media. With DineVite, consumers and restaurants get a better deal, since the restaurants can offer a deal to customers that they are comfortable with and consumers capitalize on it. Restaurants create offers and promotions for profitable or loyal customers.

Miami 130
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Munchery’s Out, So Who’s In To Travel Food Delivery’s Last Mile?

PYMNTS

Another one has bitten the dust when it comes to providing the vital last-mile delivery service for online consumers (especially the hungry ones). This news — part of an ongoing deal between the two companies — combines two well-known brands with a delivery service that has a fleet of couriers who are pretty much ready at all times.

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Will Amazon Eat Grocery Stores For Lunch?

PYMNTS

Amazon Go, Amazon’s new grocery store format in Seattle, opened last week. Online sales today are a speck on a pinhead, accounting for just $7 billion, or a little more than 1 percent of total grocery sales. Retailers, already sweating bullets over the “ Amazon Effect ” on their business, now have one more reason to keep sweating.

Retail 100
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Beyond Amazon Go: The Technologies And Players Shaping Cashier-Less Retail

CB Insights

Unmanned retail can: Set up points of sale in new places: As shopping malls struggle and brick-and-mortar foot traffic declines, brands don’t want to wait for shoppers to come to stores. using their online account to check out in store), cashless retailers hope to merge shoppers’ online and offline identities.

Retail 71
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Facebook’s Sizzly, Fizzly Week

PYMNTS

The new shops will feature 100 popular small businesses and digital brands on Facebook and Instagram into retail stores, and will be housed in The Market @ Macy’s. The Market @ Macy’s helps both emerging and established brands reach new audiences by showcasing them in a physical space inside Macy’s.

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