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Proposed Law Would Force Delaware Businesses To Accept Cash

PYMNTS

A new proposed law in Delaware would make it illegal for businesses to only accept cash, according to a report by the Associated Press. If the new Delaware bill is made into law, offenders could face up to $10,000 per violation. dollar is legal tender and should be accepted at any retail establishment in New Jersey.”.

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Brooks Brothers Leads More Fashion Retail Troubles

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The retail world was rocked by more bankruptcy news on Wednesday (July 8), as Brooks Brothers officially announced its long-rumored bankruptcy and women’s fashion icon Ann Taylor was reported to be preparing for a Chapter 11 filing. The filing in Delaware allows the retailer to stay open while it crafts a plan to emerge from Chapter 11.

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Bon-Ton Is The Next Retailer To File For Bankruptcy

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The retailer said it voluntarily filed for Chapter 11 bankruptcy protection in Delaware and is exploring a sale, Fortune reported. The retailer said in a filing last week that it might have to file for Chapter 11 if it could not reach a deal with creditors.

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Blockchain Tracker: Is Retail Ready For Implementation Yet?

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Blockchain technology may be used widely in the financial services industry, but that doesn’t necessarily mean it will see a smooth transition into the retail sector. How blockchain can potentially be implemented in retail is still up in the air. At the International Economic Forum this month in St. .

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LVMH, Tiffany Engage In Luxurious War Of Words

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In the balance lies the future of one of retail’s truly iconic luxury brands. The suit, filed Monday in Delaware , says that LVMH “continues to have full confidence in its position that the conditions necessary to close the acquisition of Tiffany have not been met.”. The two sides go to trial in January in Delaware.

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Facebook Tracks In-Store Purchases To Create Targeted Ads

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Facebook is using purchase data from retailers to gather information about what people buy in physical stores, Business Insider reported on Monday (Dec. Retail companies are sending Facebook its customers’ names, contact information and details about purchased items, so the social media giant can target ads accordingly.

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Sports Concessions, Dunkin’ To Test Mastercard Checkout-Free System

PYMNTS

Food and beverage stand operator Delaware North intends to test Shop Anywhere in Q4. Guests and fans coming into a stadium environment now want to quickly and safely get in and out with little to no wait times on entry and exit,” Delaware North Chief Information Officer Jeffrey Wilkinson said in the report.

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