American Apparel is on the block and is in the midst of seeking a buyer for the firm, having hired Los Angeles investment bank Houlihan Lokey in that effort, Retail Dive reported. Get the Full Story Complete the form to unlock this article and enjoy...
Pier 1 is trying to protect itself from potential takeover bids. So, in order to do that, the company is invoking something known as a “poison pill” provision, also known as a “Rights Protection Agreement,” which protects the company from any single shareholder acquiring more than...
For years, Walmart has dominated the brick-and-mortar retail sector in the U.S., with its seemingly ubiquitous and mammoth locations offering the lowest prices on just about any product a consumer might want. Get the Full Story Complete the form to unlock this article and enjoy...
Cosi, the Boston-based sandwich chain renowned for its flatbread sandwiches, filed for bankruptcy in a Boston courtroom. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
Not quite ready to let Amazon win at creating the world’s digital personal assistant, Target has partnered with natural language processing (NLP) startup AddStructure to pilot what has been called a “white-label” spin on Amazon’s Alexa virtual assistant. Get the Full Story Complete the form to unlock...
Despite wide reports about the shortage of good retail real estate out there, it seems Walgreens is having a hard time selling off the stores it needs to before its merger with Rite Aid can go through. Get the Full Story Complete the form to...
According to a Fitch Ratings study of retail bankruptcies, several high-profile chains are running a reasonable risk of default within the next year, including Sears, Claire’s, rue21, True Religion and Nine West. Get the Full Story Complete the form to unlock this article and enjoy...
When consumers are shopping for or browsing products online, they want as much information as possible to help them make purchasing decisions, according to a new study. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The retail industry is facing a virtual change: virtual reality. InContext Solutions announced it’s collaborating with Intel to develop new virtual reality (VR) hardware and software for the retail industry. The goal, a combined release said, is to provide the “best-in-class VR solution” and meet...
