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Charlotte Russe Closing 95 Stores After Chapter 11 Filing

PYMNTS

Charlotte Russe, a retailer aimed toward young women’s fashion, has filed for Chapter 11 bankruptcy protection, according to reports. The retailer, which has more than 500 stores across the country, including 10 stores called Peek Kids, will close around 95 locations while it continues to search for a buyer.

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1200+ Retail Store Closings Announced So Far In 2020

PYMNTS

The new year has not been kind to retail stores around the country, as the trend of accelerating store closings continues, according to a report by Yahoo! Last year, 9,200 stores closed, including locations like Payless ShoeSource, Fred’s, Gymboree and Charlotte Russe. Moore and GameStop.

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Retailer Gap Partners With BNPL Platform Afterpay To Boost Holiday Shopping

PYMNTS

Buy now, pay later (BNPL) payments platform Afterpay is teaming up with retailer Gap to offer flexible spending options as the holiday shopping season gears up. The Australian startup founded in 2010 has added a number of new brands over the summer, including Charlotte Tilbury, Fenty Skin, Fila, Huda Beauty, Puma and Vineyard Vines.

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Office Profile: Go Inside Perficient’s Charlotte Location

Perficient

Our Charlotte office moved locations to the new WeWork building called Railyard South End, which resides at 1422 S. The South End neighborhood of Charlotte is located just south of Uptown Charlotte and is home to many young professionals attracted by the luxury apartment buildings, offices, restaurants, and breweries.

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A Bank Automation Summit Preview: Dissecting the Intersection of Real-time Payments and Automation

Perficient

Perficient is looking forward to joining this conversation with other financial services and payments experts at the upcoming Bank Automation Summit in Charlotte, North Carolina on March 2-3. Interested in learning more?

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Retail Sales Numbers Predict A Cruel April

PYMNTS

Department of Commerce released its retail sales results for March, showing record-setting declines due to changes in consumer behavior and the COVID-19 lockdown. But in the details, retailers can see the damage done to some sectors and the advantage gained by others. Overall sales fell 8.7 Clothing stores dropped 50.5

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Retail Bankruptcies, Closures Faster This Year Than Last

PYMNTS

And additional retail bankruptcy filings are expected in the second half of the year, while brick-and-mortar stores will continue to close at a higher rate, according to a report by professional services firm BDO USA LLP. The reported noted that a subpar 2018 holiday season was a main factor, with December retail sales dropping 1.6

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