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Tailored Brands Might Seek Bankruptcy Due To Pandemic

PYMNTS

Men’s Wearhouse owner Tailored Brands might be the next significant retail company in the United States to make a bankruptcy filing as the COVID-19 crisis unfolds. Bank — included the potential for bankruptcy, or even the closing of operations, in a recent filing, CNN reported. Tailored Brands has approximately 1,400 U.S.

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Yum! Brands Digital Sales Reach Record $3.5B Amid Pandemic

PYMNTS

Brands, Inc. The brand has served nearly 20 million contactless digital orders as of March 2020. “We’ve Brands’ worldwide system sales excluding foreign currency translation dropped 12 percent, with a 15 percent same-store sales decline. Brands recently acquired , opened two gross new restaurants in the United States.

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Nordstrom, L Brands Temporarily Shutter Brick-And-Mortar Locations

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is shuttering its brick-and-mortar retail locations for two weeks in the United States and Canada, with the inclusion of Nordstrom Rack stores, to restrict the proliferation of the coronavirus, the company said in an announcement. L Brands, Inc. , L Brands, Inc. , L Brands Inc. L Brands Inc. Nordstrom Inc.

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Ascena Receives Court Approval To Sell Ann Taylor Brand, Other Labels

PYMNTS

Ascena ran 1,500 stores across the United States toward the end of August. filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Eastern District of Virginia. The arrangement would keep the company as a going concern with a minimum of 900 retail locations, the newspaper reported.

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Amazon’s Big Brand Woes And Walmart’s Robotics Push

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Amazon’s relationships with big brands on their platform is looking quite a bit less healthy than it once was, while Walmart has seen grocery services lose some ground in terms of consumer appreciation, according to a recently released ranking. Big News of the Week: Another Big Brand Break-Up. Another one bites the dust. online spend.

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Amazon Rolls Out IP Accelerator In Europe To Prevent Counterfeits

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To help small companies safeguard their brands and tackle counterfeits, Amazon has rolled out Intellectual Property Accelerator (IP Accelerator) in Germany, France, Spain, Italy, the United Kingdom and the Netherlands. IP Accelerator is available to every brand selling in the eCommerce retailer’s stores. 25) announcement.

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New RadioShack Owner Looks To Turn 'Fallen Angels' Into eCommerce Stars

PYMNTS

It’s a plan the company describes as “transforming well-known, distressed retail brands into eCommerce success stories.” REV Executive Chairman Tai Lopez stressed RadioShack ’s sales potential as a well-known global brand. Snapping up Fallen Retail Brands. Re-Inventing for Online. It’s Not Just About Retailers.

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