Brookstone Says Bye-Bye; Plus Albertsons' Grocery Investment Fund And A $200M Credit Facility For Rent The Runway.  | | | | | | | | | |  | | | The Beauty Of Being Brandless | | Is it possible to build a brand around the concept of brandlessness that is powerful enough to take on Amazon? Brandless Inc. is about to find out. Fresh off a $240 million Series C funding round led by SoftBank, Brandless CEO Tina Sharkey thinks customers are tired of paying the "brand tax" and would rather not underwrite for their toilet paper's marketing campaign if they were given an option of equal quality at a reduced cost. | | |
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| | | |  | | | Cardtronics Reports Q2 Growth Following End of US 7-Eleven Relationship | | ATM company Cardtronics reported that after the end of its 7-Eleven relationship, new retail and banking relationships in the U.S., Australia, Europe and South Africa are driving new lines of revenue growth. Cardtronics executives also see the impact of the U.K. decision on interchange as having less of an impact than previously feared as regulators have reconsidered additional cuts. Read More... | |
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| |  | | | Brookstone Files For Bankruptcy; Kroger Launches New Delivery Service | | Brookstone is planning to shutter 102 mall locations as it files for bankruptcy. At the same time, Kroger is rolling out a new delivery service amid a digital push, and J. Crew has launched its first rewards program in a bid to attract shoppers. Here’s why Brookstone has struggled in recent years — and how Kroger selected items to be included in its new delivery offering. Read More... | |
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| | |  | | | Today In Data: When Things Aren’t Quite What They Seem | | It’s easy to get a mixed-up idea of what something or some demographic group actually looks like. It’s easy to assume, for example, that “On the Edge” consumers with minimal interactions with credit products are in trouble — or that older millennials spend more because they don’t care about price. Looks, however, can be deceiving.Read More... | |
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