Remove Communication Remove eCommerce Remove Planning Remove Restructuring
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Chapter 11 Filings Are Up 43 Pct YOY

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Penney and home-goods retailer Pier 1, along with telecommunications company Frontier Communications. The company, facing the common struggles of many old brick-and-mortar retailers such as eCommerce competition, was crippled by the pandemic. Meanwhile, Golds Gym filed for Chapter 11 in early May, amid a plan to shutter 32 locations.

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Manifesting Retail’s Week Of Revolution

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We’ve seen Walmart throw down the gauntlet on eCommerce, going public with its plans to hire Amazon-like numbers for its fulfillment centers. But they have evolved enough to send consumers happily to eCommerce sites. Online sales platforms lack dependencies for consumers, and that’s become crystal-clear this week.

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Paytm’s Rumored $300M Capital Raise

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The mobile payments firm now offers an eCommerce platform and small business lending services. Paytm is run by parent company One97 Communications. which would take on all of the eCommerce operations currently under Paytm. Reports earlier this month said One97 is readying to launch a new company, Paytm E-Commerce Pvt.