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Florida Retail Reopening Fails To Draw Consumers

PYMNTS

Retail reopening events continued to draw light foot traffic on Monday, as Florida joined Texas in allowing non-essential stores to reopen. Florida granted permission for stores to reopen Monday (May 4), the first phase of a return from the coronavirus lockdown. Meanwhile the digital shift momentum continues to draw new infrastructure.

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Retail Pulse: Dine Brands Teams With Postmates; Walmart Rolls Out Alcohol Pickup

PYMNTS

Fast-casual restaurant groups are teaming with online food delivery firms to offer on-demand ordering to consumers through digital platforms. He also noted that the company was “thrilled to provide customers access to these restaurants in the 3,500+ cities we operate in.”. restaurants. In Other Brick-and-Mortar News.

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Costco Wholesale Broadens Online Selection Amid eCommerce Growth

PYMNTS

Amid growth in its eCommerce sales and online selections, Costco Wholesale Corporation beat analysts’ estimates for earnings , but fell short on top-line revenues for the second quarter. He also noted the company plans to offer the first of several Sony-branded products. The warehouse chain reported revenues of $35.4 billion and $1.69

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Le Pain Quotidien Is Latest Food Chain To File For Bankruptcy

PYMNTS

As The Wall Street Journal reported, the eatery hoped to avert a complete liquidation of its 98 locations in New York, the Mid-Atlantic, California, Illinois and Florida with a proposed $3 million sale of the business to Aurify Brands LLC. Under the terms of the deal, Aurify Brands would allow at least 35 of its U.S.

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Off-Price Retailer Stein Mart Files For Chapter 11

PYMNTS

filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Middle District of Florida, Jacksonville Division amid a challenging retail climate and the pandemic, the company said in a statement. And, also in July, Lucky Brand began Chapter 11 proceedings to help set the path toward a sale and lower its debt load.

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Century 21 Department Stores' Intellectual Property Up For Sale

PYMNTS

The Century 21 brand provides a trusted destination for name brand apparel, accessories, home goods and more,” Hilco Streambank Executive Vice President David Peress said in the announcement. Its total gross revenue in FY 2019 exceeded $747 million, of which roughly $53 million can be attributed to the online shopping channel.

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Pop-Up Shops Fit Trend Toward Smaller Retail Spaces

PYMNTS

Fitz Frames is striving to combine its online and mobile strengths into in-person experiences via pop-up retail shops. Already it has operated a pop-up experience in the Los Angeles areas, CEO Gabriel Schlumberger told PYMNTS, with more such efforts planned for other locations. Costs for pop-up shops can vary widely, of course.

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