PYMNTS
FEBRUARY 4, 2019
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. The bid for $5.2
PYMNTS
APRIL 15, 2020
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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PYMNTS
MARCH 16, 2017
Commerce Department posted the lowest growth in retail sales seen in the past six months on Wednesday (March 15). percent in the second month of 2017, while only four of the 13 major retail categories included in the department’s numbers saw growth during the month of February. from nonstore retailers ) rose considerably, up 1.2
BankInovation
OCTOBER 4, 2023
trillion bank secured former chief information and experience officer of Truist, Ken Meyer. The C-level executive announced his departure from his CIO position at the Charlotte, N.C.-based Wells Fargo is adding to its technology team again. based bank on Monday. I’m happy to share that I’m starting a new position on Oct.
PYMNTS
DECEMBER 26, 2019
But before we shut the door on 2019, it bears taking a moment to note how much the world of retail has changed in the last year, a fitting capstone on a decade that has seen retail as the American consumer commonly knew it taken to the ground and rebuilt nearly from the foundations. Lesson 1: Think Big . “We
PYMNTS
MAY 24, 2019
It has also raised concerns among privacy advocates and security experts, with many warning against the dangers of weak security protocols and constant vigilance. Sugar Creek Brewing Company in Charlotte, NC, recently made headlines for implementing IoT tech to alleviate issues with beer spilling during the bottling process.
PYMNTS
APRIL 18, 2019
Reports indicate other retailers will join the program next month. “There is a lot of money that is pumped into the food store system via SNAP, so retailers are going to try and maximize that,” said Elizabeth Racine, professor of public health at the University of North Carolina Charlotte, who studies food assistance policies.
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