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The retailer said it filed a motion in United States Bankruptcy Court for the District of Delaware to receive the go-ahead for the asset purchase deal with SPARC. The deal is subject to court approval as well as any higher or more attractive potential bids as part of the retailer’s continuing auction process.
While the retail industry is undergoing a digital revolution, many merchants are feeling financial pressure. One of the latest retailers to file for Chapter 11 bankruptcy protection is high-end denim company True Religion Apparel. The premium denim retailer recently announced plans to file in the District of Delaware U.S.
Retail chain Forever 21 , now in the final stages of bankruptcy, was sued by an Alabama mall owner who said the company misrepresented critical sale projections, according to published reports Tuesday (Jan. The retailer added the filing violates an automatic stay halting certain actions by creditors during a bankruptcy filing.
Amazon is no stranger to privacy issues, and recently f ive senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses peoples’ data and videos. They asked whether the technology could be accessed by foreign entities and whether the technology posed a risk to national security.
The company specialized in monthly fan boxes filled with shirts, gear and gadgets for the sci-fi and gaming culture, Chief Restructuring Officer Stuart Kaufman said in a court declaration filed in Wilmington, Delaware. Court papers show the company had more than 250,000 recurring subscribers, the news outlet reported.
Amazon is no stranger to privacy issues, and recently f ive senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses peoples’ data and videos. They asked whether the technology could be accessed by foreign entities and whether the technology posed a risk to national security.
the FBI recently issued a warning for holiday shoppers of a new scam called eSkimming , in which cyber criminals hack into legitimate online retailer websites to steal shoppers’ credit and debit card details. million was allegedly stolen from a Pennsylvania municipality via an AP and payroll fraud , Delaware Online reported recently.
Securities and Exchange Commission (SEC), as cited by the report. The Prime Unicorn Index discovered a Delaware stock authorization filing, and it was reported at the time that there wasn’t a guarantee that The RealReal would sell the full amount of shares. IBISWorld Pty Ltd.
“I would not want to be a merchant responsible for managing fraud today,” Spear told Karen Webster in a live online discussion on the topic held last week with an audience of online retailers. “It Spear once onboarded a client who refused to ship red couches to Delaware. Specifically Delaware. Specifically red.
In the midst of today’s retail revolution, blockchain technology is being pushed up to the surface. As we reported just a few months back, this technology is set to disrupt the financial industry because it enables secure cross-border money transfers. From the U.K. receiving £3.6
The Go team is now part of Physical Retail Technologies group within Amazon — an entity created in 2017 to expand the efficacy, efficiency and profitability of the tech such that it could be used more expansively — and sold to other retailers looking to adopt cashierless technology. They were of primary concern to the senators.
Online retailer Overstock.com, which traditionally sells home goods, clothing, and beauty products, announced December 14 that it would look to sell or reorganize its retail business in order to focus on blockchain. Exchange: NASDAQ. Price: Peak post-announcement price: $70.00. Closing price 03/23/18: $45.20. NXT-ID INC.
CSNET connected universities like California-Berkeley, Delaware, Princeton, Purdue, Washington, and Wisconsin for research purposes. Many of the world’s largest organizations use hybrid-cloud as a way to benefit from the scalability and flexibility of the public cloud while maintaining the security and control of on-prem infrastructure.
As a digitized, secure, and tamper-proof ledger, blockchain could serve the same function, injecting enhanced accuracy and information-sharing into the financial services ecosystem. Elections require authentication of voters’ identity, secure record keeping to track votes, and trusted tallies to determine the winner. Healthcare.
Retailers have rushed to enable a “contactless” payment experience to make them feel more comfortable shopping and checking out in their shops. Exclusive Data: Twenty-Five Percent of Consumers Say Retail, Online Grocery Digital Shift Will Stick . Terms of the deal were not made known. . The Rise Of Card-On-File Commerce. percent.
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