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Neiman Marcus Emerges From Chapter 11

PYMNTS

He said the company’s new owners include PIMCO, a California-based global investment management firm, Davidson Kempner Capital Management LP, a global institutional alternative investment management firm headquartered in New York City and Sixth Street Partners, the San Francisco global investment firm.

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Team USA Launches Omnichannel Strategy For Olympic Retail

PYMNTS

Through a pop-up store in New York City, consumers are able to browse and buy gear from official Olympic sponsors, such as Nike, Swatch and Oakley. Last year, it closed a $1 billion venture capital round , according to news reports from Reuters. 1 city for sales of Team USA gear,” Boyle said. The Economics.

Retail 118
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Rescuing The Restaurant Business From App Decline

PYMNTS

Currently exiting beta in New York City, Fahmy’s new company, DineVite, claims to put the discounts back where they belong — with the restaurant owners. It’s a new concept that means both parties win.”. [Few] would argue that these services make life easy for the consumer.

Miami 130
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Surviving The Retail Apocalypse: The Technologies And Trends That Can Help Brick-And-Mortar Thrive Again

CB Insights

Retailers are leveraging technology, such as artificial intelligence and augmented reality, to enhance operational visibility and personalize their customer service, a new necessity in fast-changing and demanding consumer market. In addition to pricing, dollar stores can capitalize on convenience. We happen to be in both.”

Retail 59
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Fintech Fundings: 21 Companies Raise $215 Million Week Ending Feb 19

Fintech Labs Insights

Although we saw one high-flying fintech unicorn crash to earth this week , the fintech sector continued to attract significant capital with 21 companies raising $214.8 Three Finovate and FinDEVr alums raised new cash and one exited: PayActiv raised $9.2 FlexScore was bought by United Capital . Wealth management platform.

Company 12