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Ascena Retail Group Considers Bankruptcy Filing

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With the pandemic putting its business into a state of disorder, Lane Bryant and Ann Taylor owner Ascena Retail Group is reportedly in talks with lenders about a possible bankruptcy filing. Most of the roughly 2,800 retail locations of Ascena are still shuttered. The retailer foresees closing approximately 230 of 687 stores.

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Innovation-Seeking Big Brands Pop Up In Small Spaces

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Brands might want a space to test new concepts with shoppers in brick-and-mortar retail environments, but they don’t always want the time and expense involved in building out a permanent store. It also comes with a bit of staffing twist, as Macy’s own team members will service the brands per a February The Market@Macys report.

Branding 143
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For Retail Promotions, Rewards Beat Out Discounts

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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. In addition, members of the program can waive the $5 charge for Target Restock.

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Retail Pulse: 7-Eleven Tests Cashierless Tech; Staples Debuts Connect Store Concept

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Brick-and-mortar retailers are testing convenience store designs that let consumers skip the checkout line and pay for their purchases with their mobile phones. 7-Eleven President and CEO Joe DePinto said in an announcement , “Retail technology is evolving at a rapid pace, and customer expectations are driving the evolution.

Retail 143
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More Retail Bankruptcies Expected In 2017

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The retail sector has been suffering a lot of pain this year, with bankruptcies already happening at a record pace and more bankruptcies expected to come. So far this year, 14 retailers have filed for bankruptcy and that is coming off 18 bankruptcy filings in 2016.

Retail 106
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Retail Pulse: Domino’s Opens 10,000th International Store; McDonald’s Buys Dynamic Yield

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American quick-service restaurants (QSRs) are growing in markets around the world that are thousands of miles away from the United States. Frank Krasovec, chairman of Domino’s master China franchisee Dash Brands Ltd., Domino’s isn’t the only U.S.

Retail 122
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J.Crew Joins The Pandemic Bankruptcy Perp Walk

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The great retail re-opening is now being called the “great resettling” by many observers and J.Crew is its latest victim. According to several sources the preppy retail chain has been negotiating with its lenders since it canceled plans to take its Madewell subsidiary public. A filing could come as soon as this weekend.

Retail 185