First there was the death, accidents and lawsuits. Then came Peloton’s product recall after months of resistance. Most recently, reports of a reorg that might include layoffs and even production cuts of its core product have further slammed the once-mighty connected fitness company, which shed another 25%...
Retail bankruptcies dropped from 52 in 2020 to 21 last year, Axios reported Thursday (Jan. 20), citing research by S&P Global Market Intelligence. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
A report about Peloton Interactive Inc. halting production of its connected fitness products isn’t true, CEO John Foley said Thursday (Jan. 20) in a note to employees, and the company is “moving forward with the appropriate legal action” against the person who leaked the info...
It seems too good to be true. A virtual customer walks into a virtual store and purchases a virtual sweater with some virtual currency. The only thing missing from this digital dream, it would appear, are virtual profits, as in, how do you actually make...
Everything old is new again — or at least can be — when market demand and advancing technology meet. Think about the QR code. Think about installment payments, aka BNPL. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Digital gift marketplace 1-800-Flowers.com is helping Valentine’s Day shoppers find “The Way to Wow” that special someone this year with new floral arrangements, immersive experiences and enhancements to the shopping experience, the company announced Thursday (Jan. 20). Get the Full Story Complete the form to...
Today in retail, Visa sees the cloud as the cornerstone of retail’s digital transformation while Beautycounter is getting a new CEO and its founder is taking on a new role with the company. Plus, luxury brands are weathering the storm of a rocky economic recovery....
The luxury brand Saks has launched a service called Saks Stylist, a personal stylist and shopping tool available on its website and mobile app. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Deliveroo may be going all-in on grocery, but grocers are not necessarily going all-in on Deliveroo. Essen, Germany-based international discount grocery chain Aldi pulled its 130 United Kingdom stores on the platform from Deliveroo’s marketplace Wednesday (Jan. 19), terminating its deal with the delivery service,...
