For some companies, the digital shift has been more seismic than subtle. Shipt is one of those companies. Owned by Target, the shopping and delivery service has seen a business spike in numbers that are massive even in the context of the current crisis. Among...
Walmart is giving customer-facing employees a new tool to help them answer shoppers’ questions. 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 our daily newsletter, PYMNTS...
Mobile order-ahead, added pickup windows, curbside/contactless delivery and other stopgaps of the COVID-19 era are keeping surviving food establishments in business with desperately needed cash flow. But while these measures are helping, restaurant recovery is stalling. Get the Full Story Complete the form to unlock...
In a massive reversal of its previous policy, theater giant AMC Entertainment Holdings has reached agreement with Universal Studios to allow the studio to release films to premium video-streaming services after just 17 days of play in cinemas. The deal signals a massive sea change to a longstanding...
The retail news is full of companies that have made brilliant and sometimes dramatic pivots to catch up with the shift to Digital 3.0. But sometimes the pre-pandemic plans work out just fine. Get the Full Story Complete the form to unlock this article and...
Shopify reported second-quarter earnings on Wednesday (July 29) that demonstrated the growing digital shift for consumers, with the company recording a dramatic increase in both the number of stores on the platform and consumer spending at those stores. Get the Full Story Complete the form...
Sycamore Partners is reportedly seeking to buy JCPenney for $1.75 billion and intends to combine the iconic retailer with the Belk department store chain, the New York Post reported, citing an unnamed source. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Amazon CEO Jeff Bezos will testify before a U.S. House of Representatives subcommittee on Wednesday (July 29) that his eCommerce company comprises just a small portion of the retail market domestically and worldwide, where there is plenty of room for competition. Get the Full Story...
Americans seem to be holding onto their cars for longer periods of time. Research from IHS Markit shows that the average age of “light vehicles” in operation in the U.S. has risen to 11.9 years. Get the Full Story Complete the form to unlock this article...
