Express Inc., once a trendsetter of casual office attire that has struggled to compete with the likes of Zara and H&M, has filed for Chapter 11 bankruptcy protection.
Hypermarkets in malls are losing space due to declining sales due to quick commerce apps like BlinkIt and Zepto. Mall operators like Landmark Group s Spar India have reduced store sizes and closed some outlets in Delhi NCR and Bengaluru. Reliance Smart Bazaar and Deerika Hypermart have also experienced a decline in sales. The trend has shifted from hypermarkets being the big draw to dining as the new pull factor.
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Gift cards are a staple of modern commerce, offering convenience and flexibility to both consumers and retailers alike. However, with their popularity comes a growing concern: gift card fraud.
GregoryFCA is working the bankruptcy filing of the Pennsylvania Real Estate Investment Trust as the Philadelphia mall operator files its second Chapter 11 in the last three years.