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Fashion Retailer rue21 Strikes Deal To Retire Debt

PYMNTS

Fashion retailer rue21 (r21 Holdings, Inc.) The retailer modified its asset-based credit facility to bolster availability to $155 million due 2025 headed up by Bank of America, N.A. The retailer also opened three new physical retail shops, with another 15 in the works for 2021. million members.

Retail 141
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Smart Retailers Inspire Confidence Via Cleanliness

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The list of positive retail brand attributes goes on and on, but one new post-pandemic value has become more important than all the others: cleanliness. Fitting rooms have been strictly regulated or even shut down by some retailers. Red Roof isn’t far behind on the branding front with its program, RediClean.

Retail 141
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Retail Pulse: Walmart Provides Health Career Path; Inspire Brands To Buy Jimmy John’s

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Brick-and-mortar retailers are expanding their efforts to provide customers with health and wellness services while taking steps to train their employees for healthcare roles. said in the announcement about the offering, “Walmart aims to be the market leader in providing retail workers a path to careers in growing fields like healthcare.

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Major Retailers Brace For Gift Card Fraud

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The moves were announced by the attorneys general of Pennsylvania and New York, Reuters reported. By working collaboratively with these retailers, we’ve created a way for businesses to take proactive steps to prevent scams,” New York State Attorney General Barbara Underwood said in a statement.

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RetailMeNot Launches 4-Day Discount Shopping Event As Retail Sales Rise

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The initiative, designed to support retailers while providing shoppers with discounts, will kick off Thursday, July 23, and continue through Sunday, July 26, with deals at over more than 100 brands including Overstock, Macy’s, Sephora, Nike, and Cabela’s. Some brands will offer as much as 20 percent cash back, RetailMeNot said.

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COVID Retail Update: Mall Group Asks For Bailout

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For most retailers, this virus thing is starting to hurt. Retailers are now in full-on battle mode,” said Jefferies Analyst Randal Konik , who foresees a 90 percent to 100 percent drop in mall traffic. For retailers, this is now about near-term survival.”. “For For retailers, this is now about near-term survival.”.

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Retail Pulse: goop Finds Stickiness In New York, Opens ‘Lab’; Nordstrom To Offer Early-Bird Pickup

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Digitally native brands often test the retail waters with pop-up shops, and, after some offline success, they may expand their concepts with permanent locations. It will also offer a larger jewelry selection and exclusive brands like Sidney Garber, who has bracelets that sell for $8,600 and up. In Other Brick-and-Mortar News.

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