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Off-Price Retailer Stein Mart Files For Chapter 11

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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.

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Ascena Receives Court Approval To Sell Ann Taylor Brand, Other Labels

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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
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Can Booze Help Build Better Retail Experiences?

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Some retailers might be taking that to heart in this new year as part of the larger and ongoing effort to breathe new life into brick-and-mortar retail — a struggle that has been around almost as long as “The Simpsons” has, in fact. And other retailers are turning to alcohol to increase the appeal of their physical offerings.

Retail 139
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‘Ship-ageddon 2020’ Just Keeps Getting Worse

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UPS imposed shipping restrictions on some large retailers such as Gap, Nike, L.L. UPS made no official confirmation of the selective delays, but the reaction from the brands involved didn’t show any alarm over the move. Hot Topic Inc., Newegg Inc.

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Retail Pulse: Walgreens To Test Drone Deliveries; Walmart To Relaunch Scoop

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Retailers are testing drone delivery to grow their omnichannel offerings and provide “store to door” on-demand service to their customers. Walgreens , in one case, plans to pilot drone deliveries in Christiansburg, Virginia starting in October by partnering with Wing, a member of the Alphabet family of companies.

Retail 112
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Gymboree Looks To Close With Second Bankruptcy

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The retailer, which has just under 950 locations, filed for protection from creditors in the U.S. Bankruptcy Court for the Eastern District of Virginia, Bloomberg reported. While the company is looking to shutter its Crazy 8 and Gymboree brands, a Goldman Sachs Inc. plans to close following its second bankruptcy.

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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

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These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. Retailers in high-tax states have largely not been able to build themselves up or expand online beyond their local markets to the same extent, Rogers said. .

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