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Off-Price Retailer Stein Mart Files For Chapter 11

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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.

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

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Ascena Retail Group Inc. The arrangement would keep the company as a going concern with a minimum of 900 retail locations, the newspaper reported. Judge Kevin Huennekens from Richmond, Virginia’s U.S. 8) he would give the go-ahead to the sale of most of the retail group’s leftover property to Sycamore Partners.

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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.

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Retail Pulse: Walgreens To Test Drone Deliveries; Walmart To Relaunch Scoop

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Retailers are testing drone delivery to grow their omnichannel offerings and provide “store to door” on-demand service to their customers. Walgreens , in one case, plans to pilot drone deliveries in Christiansburg, Virginia starting in October by partnering with Wing, a member of the Alphabet family of companies.

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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. 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. .

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Retail Pulse: Gap Teams With thredUP; Pier 1 Looks To Sell As It Closes Stores

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Brick-and-mortar retailers are teaming with fashion resale platforms as they support the circular fashion economy. Specialty Brands President Mark Breitbard said in an announcement. thredUP’s Resale-as-a-Service platform was built with consumers and retailers in mind,” said James Reinhart, co-founder and CEO of thredUP.

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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.

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