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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. Tailored Brands has approximately 1,400 U.S. and Canadian retail locations and roughly half of those are Men’s Wearhouse stores.

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RILA On How United States Retailers Are Responding To Changing Privacy Rules

PYMNTS

Retailers are dutifully speaking with their payment service providers (PSPs) and industry partners to adhere to these shifts, but they must also keep their customers’ experiences in mind. retailer trade group, Retail Industry Leaders Association ( RILA ), told PYMNTS in a recent interview. Retailers And Data’s Role .

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New Approaches To Shopping And Branding Amid The Coronavirus

PYMNTS

The coronavirus pandemic is changing daily life in the United States, as American consumers modify the way they shop to avoid contracting the virus. And in retail, brand attributes are gaining even more importance during the pandemic as retailers communicate with shoppers, employees and landlords.

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Ascena Retail Group Considers Bankruptcy Filing

PYMNTS

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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How Retailers Are Cashing In On A US Coin Shortage

PYMNTS

As the United States experiences a coin shortage due to the pandemic, some brick-and-mortar retailers are forcing consumers to tell cashiers to “keep the change.”. It brings together digital features, including a branded digital wallet, the choice to receive eReceipts and early notifications of promotions. If the U.S.

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

PYMNTS

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. Nordstrom Inc. Nordstrom, Inc.

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

PYMNTS

Ascena Retail Group Inc. The arrangement would keep the company as a going concern with a minimum of 900 retail locations, the newspaper reported. The arrangement would keep the company as a going concern with a minimum of 900 retail locations, the newspaper reported. In July, Ascena Retail Group, Inc.

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