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Fiserv Enables SNAP Online EBT Payment Acceptance For Grocers

PYMNTS

a global payments provider, now accepts Electronic Benefits Transfer (EBT) payments at grocers, allowing Supplemental Nutrition Assistance Program (SNAP) participants to purchase groceries online for the first time, the Wisconsin-based company announced on Tuesday (May 5). brand, is accepting online EBT payment at select locations.

Online 151
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Ascena Files For Chapter 11 Bankruptcy, Plans Store Closures

PYMNTS

has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Eastern District of Virginia. The retailer and “certain of its subsidiaries” have come to a restructuring support agreement (RSA) with more than 68 percent of secured term lenders, according to a Thursday (July 23) statement.

Virginia 140
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Off-Price Retailer Stein Mart Files For Chapter 11

PYMNTS

The company said it is looking into “any and all strategic alternatives,” such as a possible sale of its online shopping operation and the intellectual property related to it. Stein Mart, which provides brand-name décor, clothing, footwear and accessories at discount prices, runs 281 retail locations throughout 30 states.

Retail 146
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Gymboree Looks To Close With Second Bankruptcy

PYMNTS

Amid less expensive destinations for kids’ online clothing and declining traffic in malls, Gymboree Group Inc. Bankruptcy Court for the Eastern District of Virginia, Bloomberg reported. While the company is looking to shutter its Crazy 8 and Gymboree brands, a Goldman Sachs Inc. plans to close following its second bankruptcy.

Virginia 160
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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

PYMNTS

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. Retailers in high-tax states have largely not been able to build themselves up or expand online beyond their local markets to the same extent, Rogers said. .

Retail 109
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The Changing Omnichannel Expectations Of Consumers

PYMNTS

To that end, Home Depot has been installing lockers in many of its locations to allow customers who place online orders to easily pick up their merchandise at the store. Approximately 48 percent of American consumers expect their online orders to be delivered faster in 2018 than they did in 2016, according to the PYMNTS Omni Usage Report.

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Pop-Up Retail Gets A Pop Of Fresh Energy

PYMNTS

The latest pop-up developments concern the Hollister apparel brand , which is owned by Abercrombie & Fitch. Pop-ups can offer relatively low costs for retailers and a severely reduced commitment when it comes to securing physical space. All are expected to be open for about 12 months, according to the company. Pop-Up Costs. “The

Retail 108