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Chapter 11 Watch: Austin Reed Bids Farewell, Staples Plots A New Course

PYMNTS

brands like apparel retailer Austin Reed, though, the weight of all that financial baggage is too much to crawl out from under. According to Mars Super Markets, whatever the odds are, they aren’t in its favor. For some U.K. ” Chalk it up to another apparel retailer lost to the new fabric of fast fashion.

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Abrigo CEO Wayne Roberts announces retirement

Abrigo

He built a strong leadership team and an employee base that has been recognized consistently as one of the best places to work in Austin, Texas, and Raleigh, N.C., Through organic growth and strategic M&A, Abrigo has grown to be a leading player in the bank technology market, serving over 2,300 financial institutions across the U.S.

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7-Eleven Launches Beer Delivery In Select US Markets

PYMNTS

Convenience store operator 7-Eleven is launching beer and cider delivery in select U.S. ” According to Fortune , the company will test the service in 18 markets: Austin, Texas; Charlotte, North Carolina; Chicago, Illinois; Dallas-Ft. .” Customers can place their beer orders via the 7Now app.

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Netspend CEO On Making The B2B Pivot

PYMNTS

When you've got a legacy business that's so used to going directly to the consumer and to a specific segment of the consumer, you build your operating model around that.”. But Knutson said the company is happy to hand over the front-end consumer interaction and life-cycle marketing activities to partner brands.

Austin 281
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Amazon Is Building A Traditional Supermarket In LA

PYMNTS

Although Amazon hasn’t commented, the strategy seems to be aimed at getting Amazon aligned with a more mass market customer segment than its other retail brands. Those consist of Amazon Books, Amazon 4-Star (online goods in brick-and-mortar stores), Whole Foods Market and Amazon Go. The latter operates without human cashiers.

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Outdoor Voices’ Relaxed Approach To Workout Wear

PYMNTS

There is a certain push toward perfectionism in athletic wear — some of that Nike “Just do it” ethos tends to permeate the market segment in a way that can feel a bit like pressure to all but the most seasoned athletes. Today the Austin store does sales comparable with Outdoor Voices shops in both New York and San Francisco.

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Software Co BigCommerce IPO Soars 183 Pct

PYMNTS

BigCommerce , which works in software for online business operations, saw its value rise by 292 percent after an initial public offering (IPO) for $216 million was priced above a target range, according to a report by Bloomberg. exchange for a company raising at least $100 million, according to Bloomberg’s data.

Software 194