Multichannel Merchant Week In Review The News, Commentary & Events that Shaped Commerce This Week

week of 1/18/2019
Lampert Succeeds in Sears Chapter 11 Bankruptcy Auction
Sears Chairman Eddie Lampert succeeded with his bid in the bankruptcy auction, USA Today reported. If the judge signs off, this deal could prevent Sears from liquidating the rest of its stores. Here’s the latest in his last-ditch effort to save the struggling, iconic retailer.…»
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Parent of Mattress Warehouse, Sleep Outfitters Files for Bankruptcy Protection
Innovative Mattress Solutions, parent of Mattress Warehouse, Sleep Outfitters and Mattress King brands, has joined the long line of retailers filing for Chapter 11 bankruptcy protection, The Wall Street Journal reported. The company's 142 stores under the three brands remain open but its retail footprint is being reviewed, the CEO said.…»
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Bringg Raises $25M To Expand Markets, Increase Hiring, Step Up R&D
Bringg, a logistics software provider in the retail, grocery, restaurant, pharmacy and 3PL categories, has raised $25 million in a Series C funding round to increase its market reach, invest in its team and step up its R&D efforts. See what the company has been up to and how it is disrupting the same-day delivery logistics sector.…»
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Study Finds Online Grocery Providers Need to Step Up Game to Meet Demands
As demand for online grocery continues to grow, 97% of organizations in the industry believe current last-mile delivery models are not sustainable for full-scale implementation, and consumers are increasingly demanding better services but are dissatisfied with current offerings, according to a Capgemini study.…»
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Gymboree to File for Bankruptcy, Close Stores
Gymboree could file for bankruptcy protection as early as this week, according to CNBC, the company’s second filing in less than two years. The company is also is also looking to sell its Janie & Jack brand, which has 139 stores, and close hundreds of other locations.…»
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