June 08, 2020
Lane Bryant and Ann Taylor’s Parent Ascena Reportedly Considers Bankruptcy
With the pandemic putting its business into a state of disorder, Lane Bryant and Ann Taylor owner Ascena Retail Group is reportedly in talks with lenders about a possible bankruptcy...
June 07, 2020
Chuck E. Cheese Seeks Loan For Debt Payment
Chuck E. Cheese, the popular food and games chain, is talking to investors about ways to raise money to avoid filing for bankruptcy, The Wall Street Journal reports. Get the...
June 07, 2020
Sycamore Partners Reportedly Negotiating To Buy JCPenney
Sycamore Partners, the New York private equity firm that specializes in distressed buyouts, is in preliminary talks to purchase JCPenney, sources told Reuters. The retailer, which employs 85,000 people, filed...
June 05, 2020
Silver Lake Increases Stake In Indian Telecom Jio Platforms
Silver Lake has upped its ante on India’s Jio Platforms. The Menlo Park, California-based private equity firm said Friday (June 5) it will buy an additional stake worth $600 million in...
June 05, 2020
Sycamore Partners Reportedly Negotiating To Buy JCPenney
Sycamore Partners, the New York private equity firm that specializes in distressed buyouts, is in preliminary talks to purchase JCPenney, sources told Reuters. Get the Full Story Complete the form...
June 05, 2020
Debt Issuance And Layoffs Point To Headwinds For Labor Market?
Issue debt, raise funds, lay off workers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
June 05, 2020
President Trump Signs PPP Loan Flexibility Legislation
As some firms grapple with meeting pivotal standards for loan forgiveness amid the pandemic, President Donald Trump signed a bill into law on Friday (June 5) to provide greater spending...
June 05, 2020
UAE Fund Pumps $1.2B Into Jio Platforms, India’s Telecom Giant
Mubadala Investment Co., an investment arm of the government of Abu Dhabi in the United Arab Emirates (UAE), is investing $1.2 billion in Jio Platforms, the Indian telecommunications firm, CNBC reported. Get the Full...
June 05, 2020
JCPenney To Shutter 154 Stores, Start Closing Sales
JCPenney has identified the first round of 154 retail location closures, after an assessment of its store footprint and evaluation of “future strategic fit” as well as performance. The retailer...
The “Buy Now, Pay Later Tracker®,” a PYMNTS and Afterpay collaboration, brings you the latest news and research from the buy now, pay later space. It features expert analysis of changing payment trends as well as insights from top insiders within the retail and fashion industries.
Discouragement, fear and frustration stop consumers when it comes to improving their credit scores, with at least 15% either not knowing where to begin or afraid of taking on more debt. PYMNTS Intelligence’s latest study of 2,558 consumers reveals the knowledge and tools consumers need to succeed in today’s economic environment.
Read more in “The Credit Accessibility Series: Declining Purchasing Power Pushes Consumers to Improve Credit Scores,” a collaboration with Sezzle.