PYMNTS
FEBRUARY 4, 2019
Charlotte Russe, a retailer aimed toward young women’s fashion, has filed for Chapter 11 bankruptcy protection, according to reports. All of the retailer’s online operations and stores are currently operational. Last year, the company completed a restructuring deal to lower its debt from $214 million to $90 million.
PYMNTS
DECEMBER 7, 2020
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.
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PYMNTS
NOVEMBER 11, 2020
Collaborating with Afterpay gives our customers the power of choice when shopping across our family of brands,” John Strain , chief digital and technology officer at Gap, said in a statement on Wednesday (Nov. Participating Gap brands include Old Navy, Gap, Banana Republic, and Athleta. . “By We are proud to partner with Gap Inc.
PYMNTS
FEBRUARY 5, 2019
CoverHound, the online property and casualty insurance platform operator, announced Tuesday (Feb. In a press release , the San Francisco startup that has sold more than 200,000 policies online said the Series D funding round was led by global insurer Hiscox and included participation from Chubb, Aflac Ventures, MS&AD of Japan.
PYMNTS
DECEMBER 17, 2020
The pandemic-fueled acceleration of online shopping has prompted Google to roll out an augmented reality (AR) tool to help people see how makeup will look before committing to a purchase. shoppers are planning to buy online,” Archana Kannan, group product manager of shopping for Google, said in a blog post on Thursday (Dec.
PYMNTS
FEBRUARY 8, 2019
Startups in the eCommerce space have long enabled their customers to experience their products in real life (“IRL”) through temporary retail shops, and now, digitally-focused brands belonging to major retailers are taking a similar approach. The four-room house, which is a mere 238 square feet, was built for the brand by Modern Tiny Living.
PYMNTS
JULY 7, 2020
Fast fashion already claimed a victim this week as Lucky Brand filed for bankruptcy, and H&M announced it was shuttering 170 stores across the globe due to the pandemic-driven digital shift. “We We have increased our customer base online, and many of our customers — in-store customers — are now multichannel customers.”.
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