Retailers are reopening their physical locations as the brick-and-mortar sector slowly recovers from the pandemic, but customers’ in-store shopping expectations have shifted significantly over the past year. Many have flocked to eCommerce and mobile channels, and some show little willingness to relinquish their new habits,...
In today’s top news, eBay will offer loans to U.K. small- to medium-sized businesses (SMBs), and Rite Aid will offer same-day delivery through DoorDash. Plus, Revolut has added an array of features for its retail investors. eBay Makes Move Into Financial Services With UK Small...
Consumers’ shopping and payment preferences have shifted broadly over the past year, with the pandemic prompting many to make a larger portion of their transactions via digital channels. eCommerce shopping in the United States rose 44 percent in 2020, for example, representing the highest annual...
In today’s top retail news, the U.S. division of L’Occitane has filed for Chapter 11 bankruptcy, while AutoFi is shifting into high gear with the debut of its “lending as a service” division. Plus, a new Federal Reserve Bank of New York study finds that individuals anticipate that...
January 26, 2021
The U.S. division of retailer L’Occitane has filed for Chapter 11 bankruptcy in New Jersey. The company said the move is part of its plan to implement a “store footprint optimization plan, including the contemplated exit of unprofitable locations.” “L’Occitane en Provence boutiques across the country are open and operating safely in accordance with all […]
