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Charlotte Russe Closing 95 Stores After Chapter 11 Filing

PYMNTS

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. Lampert’s plan, however, is said to keep approximately 400 locations in operation. The bid for $5.2

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CoverHound Raises $58M For Expansion Of Insurance Platform

PYMNTS

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.

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Walmart’s Allswell Goes On Tour; Target To Expand Debut Of New Loyalty Program

PYMNTS

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.

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New Fashion Startup Bets Its Future On Off-Price Luxury

PYMNTS

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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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

Just ask Carvana, the leading online automotive seller and a major force in changing the way people buy cars. This belief is based on “the Company’s operating plan, that current working capital and expected continued inventory and capital expenditure financing is sufficient to fund operations and satisfy the Company’s obligations.”.

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Stepping Into 21st Century Hospitality With Apartments And Technology

PYMNTS

The company saw the need for the best of both worlds and, to tackle this challenge, it is “evolving into a 21st-century tech-enabled hospitality brand,” DePinto told PYMNTS in an interview. It has units in cities such as Charlotte, Tampa, Milwaukee and Columbus. The Business.

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Data Dive, The Bad, The Worse And The Ugly Edition: Store Closures, Coronavirus And Bitcoin

PYMNTS

By comparison, 2019 saw 9,200 stores closed as brands like Payless ShoeSource, Fred’s, Gymboree, Charlotte Russe, Family Dollar, Forever 21 , Charming Charlie, Sears, Kmart, A.C. Although authorities knocked down two of the biggest criminal markets online recently, new exchanges quickly take their place. Until next week.

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