Retail

Retail
With 2Q Sales Down 19 Pct YOY, L’Oreal Plans New Product Launches
July 30, 2020

Beauty powerhouse L’Oréal is planning to launch an array of new products and advertisements to compete in a market that has been reshaped by COVID-19, Chairman and Chief Executive Jean-Paul Agon told the Financial Times. Get the Full Story Complete the form to unlock this article...

Retail
Instacart Plans To Lay Off Some Of Its Shoppers
July 30, 2020

Select part-time Instacart workers who are in-store shoppers are having their positions cut due to at least two of the company’s partners — Sprouts and ALDI — choosing to have their own staffers take the place of Instacart’s in-store shoppers as needed, CNN reported. Get...

Retail
World’s Largest Brewer Says Beer Is Flowing Again Post-COVID
July 30, 2020

In what may be the strongest sign yet that COVID-19 has not wrought the end of Western Civilization, the brewer of Budweiser, Corona and Stella Artois said on Thursday (July 30) that sales were up in June 2020 compared to June 2019. Get the Full...

Retail
Impossible Burger Makes Its Way To Walmart
July 30, 2020

The Impossible Burger vegetable-based meat alternative landed in the grocery sections of Walmart stores on Thursday (July 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Retail
Walmart Reduces Corporate Workforce With Layoffs
July 30, 2020

Walmart has reduced its workforce by laying off hundreds in its logistics, real estate and retail location planning divisions as it simplifies its business and reduces its expenses, Bloomberg reported, citing unnamed sources. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
COVID Pushes California Pizza Kitchen Into Bankruptcy
July 30, 2020

California Pizza Kitchen (CPK) is the latest big restaurant chain to fall on hard times in the wake of the coronavirus pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
PayPal, Mercado Libre Integrate Payments Systems In Brazil and Mexico
July 30, 2020

Mercado Libre announced Thursday (July 30) that it will integrate PayPal as a payment option in Brazil and Mexico. The move builds on a partnership signed between the Latin American marketplace and payments powerhouse and PayPal in December 2019 and opens Mercado Libre to a...

Retail
Retail Industry Groups Support New Stimulus
July 30, 2020

Retail industry trade leadership likes what it sees from Washington so far. As the new stimulus package starts its journey from initial proposal to tense negotiations, both the National Retail Federation (NRF) and Retail Industry Leaders Association (RILA) have expressed support for several aspect of...

Retail
Dunkin Earnings Go Light On Digital Acceleration
July 30, 2020

The digital shift is coming late to Dunkin’ Brands. The company’s Q2 earnings, announced Thursday morning (July 30), showed an expected drop in store revenue due to the pandemic, but afforded minimal details on the chain’s stated goal of digital acceleration. Get the Full Story...