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Brooks Brothers Leads More Fashion Retail Troubles

PYMNTS

The company listed assets and liabilities of at least $500 million each in court papers, and a spokesperson said via email that it had lined up a $75 million bankruptcy loan, according to Bloomberg. Interest in the brand has centered on its possibility as a fashion license rather than a going retail concern. But according to Yahoo!

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DoorDash Acquires Square’s Caviar In $410M Deal

PYMNTS

Payments company Square has announced the completion of a deal to sell food delivery service Caviar to rival delivery company DoorDash, according to a release. 31), for a combination of DoorDash stock and cash worth $410 million. It’s a great brand, [but] it wasn’t the right deal for us.”.

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For Retail Promotions, Rewards Beat Out Discounts

PYMNTS

To create sales lift and purchase intent without the negative brand effects of discounting, Aberdeen Group, which was created for Blackhawk Network’s Hawk Incentives, discovered that promotions based on rewards can be more effective than discount offers. Companies have certain business goals in mind for rewards -based promotions.

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How Auto Sales Are Driving New Retail Trends

PYMNTS

This is the first time eBay has allowed direct video uploads, and the company thinks it will help to drive sales. The online marketplace company wants to eventually be able to use AI technology on descriptions, where a user could give basic details and the AI would flesh out the description. New Financing.

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Fast Casual Saladworks Gets Fresh With New Locations And Restaurant Tech

PYMNTS

Franchising veteran Paul Tripodes has loved fast casual eatery Saladworks since the very first time he ate there, and now he’s the company’s vice president of franchise sales. The 30-year-old QSR brand has plans for aggressive growth in 2017 , and Tripodes will spearhead the effort. The company currently has about 70 franchisees.

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Retail Pulse: Framebridge Opens DC Store; Starbucks Hits 30,000-Location Milestone

PYMNTS

Online brands are stepping into the world of brick-and-mortar, opening their own physical locations to help consumers experience their concepts in real life with the help of digital technology. and Bethesda, Maryland, that will work to mirror the company’s online experience. The 20 largest brands notched a 1.2 Starbucks Coffee.

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Why Pets Are Pulling Retail Innovation’s Leash

PYMNTS

One of the latest developments comes from a company called Pawscout. In a recent PYMNTS interview, company founder Andrea Chavez talked about bringing more online efficiencies to pet ownership. Walmart will kick off the expansion with new clinics in the Dallas-Fort Worth area.

Retail 122