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Off-Price Retailer Stein Mart Files For Chapter 11

PYMNTS

Off-price specialty retailer Stein Mart, Inc. filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Middle District of Florida, Jacksonville Division amid a challenging retail climate and the pandemic, the company said in a statement. In July, Ascena Retail Group, Inc.

Retail 146
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Local Governments Move In On Retail Vacancies

PYMNTS

It was supposed to be a thriving retail center in Milwaukee when it was built seven years ago. The DEO “seeks concepts and an operator to program the space to boost innovation and entrepreneurship, demonstrate creative placemaking and feature the Made in Fairfax Network. But it never happened. Starting Jan.

Retail 135
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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
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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
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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
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Pop-Up Retail Gets A Pop Of Fresh Energy

PYMNTS

But we want to take a few minutes to talk about pop-up shops, and how those temporary but often lucrative retail efforts are shaping commerce — and being shaped by payments — and what could be coming next. Even so, the company has certainly not given up on physical retail. Riding Retail Trends.

Retail 108
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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