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1200+ Retail Store Closings Announced So Far In 2020

PYMNTS

The new year has not been kind to retail stores around the country, as the trend of accelerating store closings continues, according to a report by Yahoo! Last year, 9,200 stores closed, including locations like Payless ShoeSource, Fred’s, Gymboree and Charlotte Russe. Moore and GameStop.

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Retailer Gap Partners With BNPL Platform Afterpay To Boost Holiday Shopping

PYMNTS

Buy now, pay later (BNPL) payments platform Afterpay is teaming up with retailer Gap to offer flexible spending options as the holiday shopping season gears up. The Australian startup founded in 2010 has added a number of new brands over the summer, including Charlotte Tilbury, Fenty Skin, Fila, Huda Beauty, Puma and Vineyard Vines.

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A Bank Automation Summit Preview: Dissecting the Intersection of Real-time Payments and Automation

Perficient

Perficient is looking forward to joining this conversation with other financial services and payments experts at the upcoming Bank Automation Summit in Charlotte, North Carolina on March 2-3. Interested in learning more?

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Retail Bankruptcies, Closures Faster This Year Than Last

PYMNTS

And additional retail bankruptcy filings are expected in the second half of the year, while brick-and-mortar stores will continue to close at a higher rate, according to a report by professional services firm BDO USA LLP. The reported noted that a subpar 2018 holiday season was a main factor, with December retail sales dropping 1.6

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Target Circle Loyalty Program To Go Nationwide In October

PYMNTS

Target Chief Marketing and Digital Officer Rick Gomez said, per the report, “We are seeing a benefit in building our guest base.” The retailer is said to join other merchants such as Nordstrom , Kohl’s, Nike and Macy’s, which have made bigger investments in loyalty efforts. The program was to debut on Feb.

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Chase Plans Expansion In Top US Markets In 2019

PYMNTS

Chase has announced it is expanding its retail footprint into nine of the top American markets, as well as opening dozens of new locations in the greater Washington, D.C The new locations will include Charlotte, North Carolina; St. area, Philadelphia and Boston.

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New Fashion Startup Bets Its Future On Off-Price Luxury

PYMNTS

It’s hard to find a retail fashion category that’s reliably successful these days. It wasn’t just a move toward affordable luxury that brought her to the venture – it was what she saw as a lack of service from other retailers. Other retailers had the quality, but charged twice the price of her daughters’ cello lessons for a dress.