Luxury firms Chanel and LVMH are reportedly competing to become the new owner of a building on Manhattan’s Fifth Avenue. Both companies have been in talks to buy the location on the luxury shopping corridor, Bloomberg reported Monday (April 8). Global luxury retailers have been competing to buy buildings on Fifth...
Alipay has launched a series of “International Consumer Friendly Zones” in China. The company’s owner, owned by China’s Ant Group, announced Monday (April 8) it is working with local merchants, tourism sites and commercial districts to enhance international visitors’ experience and drive business for local...
Convenience store commerce platform Vroom Delivery has launched a partnership with payment processor Finix. The collaboration, announced Monday (April 8), is centered around the creation of a new tool called Pay360, which the companies say is the first online payment solution designed for the convenience store sector, allowing for the...
Amid ongoing budget pressures, United States shoppers are seeking affordable ways to treat themselves, fueling demand for the novel but low-cost products that Japanese discount stores have to offer. Japanese value chain Daiso opened its latest U.S. location in Austin, Texas, Saturday (April 6), part of its ongoing push...
Australia is reportedly stepping up efforts to regulate its supermarket sector. A new government study, the subject of a Monday (April 8) report by The Guardian, warns of the need to reverse a “heavy imbalance in market power between suppliers and supermarkets in Australia’s heavily...
Makers and retailers of packaged foods and drinks are reportedly emphasizing value and discounts to a greater degree than they’ve done since the pandemic. This trend marks a reversal of the strategy companies have pursued since the beginning of the pandemic, which was to focus...
As retailers adapt to consumers’ increasingly digitally integrated lifestyles, The Vitamin Shoppe is targeting its offerings to today’s Click-and-Mortar™ shoppers. Most of the company’s customers are engaging across digital and physical channels, Andrew Laudato, chief operating officer of the nutritional supplements retailer, told PYMNTS in an interview. “More than half...
Target is reportedly adding camera-based systems to its self-checkout registers to deter theft. The new technology detects items on scanners, alerts the shopper if an item is not scanned, and helps the company track the shopper if they fail to scan items even after being notified,...
Discount retailer 99 Cents Only has declared bankruptcy as it prepares to shutter its stores. The company announced its Chapter 11 filing Monday (April 8), days after it said it was closing all of its 371 locations in the southwestern part of the country. “This was an extremely difficult...
