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Related Co Chair: Many SMB Retail, Restaurants ‘Don’t Have The Wherewithal To Reopen’

PYMNTS

said bankruptcy could be the future for many retailers as the effects of the pandemic continue to play out. Ross, speaking with CNBC on Tuesday (May 26), said retail and hotel industries were the hardest-hit by the pandemic, and the closures and reduced travel would force closures and bankruptcies beyond those like J.C. And as for J.C.

Retail 181
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Retail Pulse: DSW Expands In-Store Experiences; L Brands Plans Store Closures

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Brick-and-mortar fashion retailers are developing in-store experiences to encourage customer loyalty. markets, aiming to generate repeat visits as part of its experiential retail efforts. The retailer, which has 1,143 stores globally, closes an average of around 15 stores annually. Austin, Texas; and Dublin, Ohio.

Branding 129
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Retail Pulse: The Price Must Be Right

PYMNTS

It’s been a week of experimentation in retail, with many big names opening new types of stores to — as the saying goes — see what sticks. It seems more likely that these brands will uncover their key rather than some universal master retail key that can solve the brick-and-mortar challenge across the board.

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Uber Connect Expands For Holiday Package Delivery

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locations recently added for Uber Connect include Atlanta, Boston, Charlotte, Charleston, Cincinnati, Cleveland, Columbus, Connecticut, Detroit, Fort Myers-Naples, Hampton Roads, Honolulu, Indianapolis, Jacksonville, Kansas City, Las Vegas, Milwaukee, Minneapolis-St. They can track the delivery just like an Uber trip, the blog post indicated.

St. Louis 242
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Express Inc. Net Sales Drop 53 Pct Amid Pandemic

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reported “continued momentum” with its The EXPRESSway Forward long-term strategy, as a phased reopening of retail locations started on May 1. The retailer, however, reported that consolidated net sales dropped 53 percent to $210.3 As it took “decisive actions” to maintain liquidity, Express Inc. million in Q1 2020 from $451.3

Columbus 130
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Ohio Bill Urges Govt. To Adopt Blockchain

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If the bill passes, government agencies in Ohio could use blockchain for recording car titles or tracking hunting licenses online, noted the report. Ohio is hoping its Columbus-based “smart city” efforts will be attractive to the blockchain industry. Ohio has been pushing to incorporate blockchain into government for some time.

Ohio 149
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DoorDash Unveils Latest Growth Strategy: Digital Convenience Stores

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5) unveiled DashMart , an array of online convenience stores that offer C-store items like ice cream and chips, along with other products from local grocery stores and restaurants. The delivery service also recently launched a Main Street initiative aimed at bolstering its restaurant and retail partners amid the challenges of the pandemic.

Strategy 155