article thumbnail

eCommerce Shift Helps Fuel Strong Sales At Pier 1 Imports, Dressbarn

PYMNTS

Retail Ecommerce Ventures (REV) , the incubator that relaunched Pier 1 Imports and Dressbarn in 2020, noted that the migration to eCommerce in addition to trends such as the “quest for comfort at home” fueled formidable sales at the two brands, according to an announcement. And like Jeff Bezos did, they start with low-risk items.

Houston 141
article thumbnail

Simon Says It Hopes To Save Struggling Mall Retailers

PYMNTS

Simon added that the company would be selective in supporting retailers, only buying into brands with volume. Later in that month, teen apparel retailer Charlotte Russe , personalized-gift company Things Remembered and shoe store Payless all filed for bankruptcy. And so, I wouldn’t rule it out.”.

Retail 128
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Simon CEO Won’t Promise Tough Retail Times Are Over

PYMNTS

Later in that month, teen apparel retailer Charlotte Russe, personalized-gift company Things Remembered and Payless filed for bankruptcy. His latest comments come after Simon admitted in February that he was “nervous” about additional retail bankruptcies happening during the first quarter. retailers so far this year than in all of 2018.

Retail 139
article thumbnail

Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

According to Carvana Chief Brand Officer Ryan Keeton, opening new markets brings an uptick in overall business. “We Miami is Carvana’s 24th car vending machine location to date — joining Nashville, San Antonio, Houston, Austin, Dallas, Raleigh, Jacksonville, Tampa, Charlotte, Washington, D.C., New Markets. Ontario (L.A.),

Company 130
article thumbnail

The Great Grocery Race Shifts Into High Gear

PYMNTS

For food, they want to see the brands and the products and confirm they will be fresh and quality. The program, dubbed Restock, was launched earlier this year in an effort to adjust product choices, rearrange store layouts and highlight private-label brands.

Metro 122