Amid fallout from the coronavirus pandemic, J. Crew Group Inc. has become the first major retailer to file for bankruptcy with intentions to cede control of the company to lenders. The retailer made its filing in a federal court with a deal to remove debt of $1.65...
To provide a complimentary virtual wedding experience for couples and their families amid social distancing, Jared unveiled #LoveCantWait campaign. The jeweler is offering tools and support to 1,000 couples to “make the biggest day of their lives an unforgettable moment despite the current circumstance” through...
The great retail re-opening is now being called the “great resettling” by many observers and J.Crew is its latest victim. According to several sources the preppy retail chain has been negotiating with its lenders since it canceled plans to take its Madewell subsidiary public. Madewell...
It’s understandably an anxious time for Main Street businesses, even as downtowns prepare to reopen. But what about the entrepreneurs who are still hanging onto their dreams of starting a retail business? It stands to reason that hopelessness – or at least a plan B...
While they try to stay on an even keel amid COVID-19, eatery owners throughout Britain are looking for Deliveroo to reduce the commissions on each delivery. The company takes a cut as high as 35 percent in addition to VAT (value-added tax) on select orders,...
OYO Hotels & Homes has named Troy Alstead, who previously served as Starbucks’ COO, as an independent member of its board of directors. The executive will have a “supervisory role” in its service and will offer advice to the founder and management on important business...
Retail is not the same as it was at the beginning of 2020 — in fact, it isn’t the same as it was a mere month-and-a-half ago, given the quick and sweeping changes that COVID-19 has brought in its wake. And what it will look like...
Chick-fil-A is introducing chicken parmesan meal kits as more people are cooking and eating at home due to the coronavirus pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
While the news is full of retail doom and gloom of late, the post-pandemic prognosis for one class of companies has actually been improving. Amazon, of course, is among them by virtue of its supply chain and breadth of product. But a new ranking shows...
