Remove Capital Remove Operations Remove Retail Remove Virginia
article thumbnail

Ascena Files For Chapter 11 Bankruptcy, Plans Store Closures

PYMNTS

Ascena Retail Group, Inc. has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Eastern District of Virginia. Ascena is currently running with roughly 95 percent of its store base opened again, helping shoppers via retail locations as well as online stores.

Virginia 140
article thumbnail

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. 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.

Branding 159
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Brink’s Closes $860M Deal For Majority Stake In G4S

PYMNTS

Brink’s, which is based in Richmond, Virginia, said the transaction adds 14 new markets to its realm: the Netherlands, Malaysia , Romania, Belgium, Ireland, Kuwait, the Czech Republic, the Philippines, the Dominican Republic, Cyprus, Indonesia, Lithuania, Estonia and Latvia. and several smaller markets.

Virginia 175
article thumbnail

Retail Pulse: CVS, UPS Test Drone Potential; Birchbox Grows Walgreens Partnership

PYMNTS

Brick-and-mortar retailers are teaming with logistics firms to test drones for delivery — and making progress on their experimental flights. A remote operator monitored them and could step in if needed.) The pop-up shops will be in the pharmacy chain’s retail locations in 44 states starting this Friday and through the end of December.

Retail 101
article thumbnail

How Finfit is building out its financial toolkit for hourly and other workers

Bank Innovation

The field of fintech companies focusing on people who live paycheck to paycheck continues to grow, with Virginia Beach-based Finfit picking up $7 million in Series B equity funding on Friday. The 11-year-old company operates a digital financial wellness platform for workers that is available through […].

Virginia 186
article thumbnail

Walgreens And Wing Team Up For Drone Delivery

PYMNTS

Pharmacy retail giant Walgreens and Alphabet-owned drone company Wing have teamed up on a pilot program to deliver products to the doors of customers, according to a Sept. Walgreens continues to explore partnerships to transform and modernize our customer experience and we are proud to be the first retailer in the U.S. 19 release. .

Virginia 109
article thumbnail

Pier 1 Plans Sale As It Goes Bankrupt

PYMNTS

The Fort Worth, Texas-based retailer franchise said it filed for chapter 11 protection Monday in U.S. Bankruptcy Court in Richmond, Virginia. The company expects to operate its business in the normal course during this process,” Pier 1 said in its statement. The bankruptcy financing from lenders including Bank of America N.A.,