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Forever 21 Files For Bankruptcy; Plans To Exit Asia, Europe

PYMNTS

The filing will allow the retailer to continue operating while it attempts to reorganize the business and return to profitability. The used-fashion market in the U.S. is expected to reach $64 billion by 2028, according to the retail analytics firm GlobalData , CNBC reported.

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Retail Pulse: Amazon Grows 4-Star Footprint; Forever 21 Files For Bankruptcy

PYMNTS

Online retailers are expanding their brick-and-mortar footprints – and using feedback from eCommerce customers to inform the selections in their new stores. A data team from the eCommerce retailer determines what is sold at the locations, Amazon Physical Stores Director Drew Sheriff told MetroWest Daily News.

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FinTech Innovation Eases B2C Sellers’ Entrance Into The B2B World

PYMNTS

When Home Depot announced last month its plans to acquire HD Supply Holdings , it wasn’t just a sign of expansion for the home improvement retailer. It was also indicative of a growing trend of B2C merchants expanding into the B2B realm in an effort to take advantage of a surging market. The Outsourced FinTech Opportunity.

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Here’s How to Become More Than the Branch Next Door

Gonzobanker

Here are a few striking initiatives that caught my attention in the last couple of months: Issue biodegradable debit cards While Mastercard will require banks to use sustainable materials in issuing new payment cards by 2028, Bank of New Hampshire has been issuing biodegradable debit cards since last August. Ditto for retail customers.

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How FashionPass Is Innovating Clothing Rentals

PYMNTS

The clothing rental market in the United States is projected to reach $4.4 billion by 2028 and millennial women are leading the charge, according to Brittany Johnson, CEO and co-founder of online subscription-based clothing service FashionPass.

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Customer Service Can Be A Competitive Advantage For Digital Platforms

PYMNTS

clothing rental market is projected to reach $4.4 billion by 2028. It’s not just traditional retail models that are getting makeovers. While Airbnb is practically synonymous with the homesharing market, traditional hotel chains are also getting into the act. The hospitality industry is also undergoing a transformation.

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Alibaba Scores Olympic Sponsorship Deal

PYMNTS

The deal means Alibaba will act as an Olympic sponsor through the 2028 Games in a location that has yet to be determined (though the rumor mill points to Buenos Aires, Argentina as one of the more likely candidates). It is potentially the single biggest, groundbreaking partnership the IOC has done to date.”.

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