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Off-Price Retailer Stein Mart Files For Chapter 11

PYMNTS

Off-price specialty retailer Stein Mart, Inc. 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. In July, Ascena Retail Group, Inc.

Retail 146
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Can Booze Help Build Better Retail Experiences?

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Some retailers might be taking that to heart in this new year as part of the larger and ongoing effort to breathe new life into brick-and-mortar retail — a struggle that has been around almost as long as “The Simpsons” has, in fact. And other retailers are turning to alcohol to increase the appeal of their physical offerings.

Retail 139
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NJ Online Gaming Revenue Set To Grow 66 Pct This Year

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With blackjack and roulette on mobile phones, the growing market for online sports wagering in New Jersey has introduced gamblers to virtual casino games. Online casinos’ monthly revenue more than doubled in the 15 months following the rollout of sports betting in June of last year.

NJ 131
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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

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These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. Small tobacco retailers can therefore struggle to build visibility among consumers when entering new markets.

Retail 109
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Pop-Up Retail Gets A Pop Of Fresh Energy

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But we want to take a few minutes to talk about pop-up shops, and how those temporary but often lucrative retail efforts are shaping commerce — and being shaped by payments — and what could be coming next. The latest pop-up developments concern the Hollister apparel brand , which is owned by Abercrombie & Fitch.

Retail 108
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Ascena Files For Chapter 11 Bankruptcy, Plans Store Closures

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Ascena Retail Group, Inc. has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Eastern District of Virginia. Ascena is currently running with roughly 95 percent of its store base opened again, helping shoppers via retail locations as well as online stores.

Virginia 140
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Retail Pulse: The Price Must Be Right

PYMNTS

It’s been a week of experimentation in retail, with many big names opening new types of stores to — as the saying goes — see what sticks. It seems more likely that these brands will uncover their key rather than some universal master retail key that can solve the brick-and-mortar challenge across the board.

Retail 100