Amid a great deal of uncertainty about future state and U.S. guidelines for reopening, businesses now face the prospect of organizing, buying and hiring for the coming summer, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and...
It was a little too much to hope that the world would somehow magically revert back to the way things were a year ago when the clock struck 12 on New Year’s and 2021 kicked off. But slowly but surely the year-long COVID-caused hibernation has...
Supermarket chain Safeway will pilot remote-controlled, driverless carts to deliver grocery orders to neighborhood homes, Safeway’s parent company Albertsons Companies announced on Friday (March 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The owner of 100 shopping malls in more than two dozen states is under pressure following multiple news reports that Washington Prime Group (WPG) is set to file for bankruptcy protection. The reports not only cut WPG’s already beleaguered share price in half, but also extended a...
The parent company of Saks Fifth Avenue said Friday (March 5) it was splitting its eCommerce and 40 traditional retail stores into “separate but related sister companies” in a move it said would “redefine the luxury shopping ecosystem.” Get the Full Story Complete the form...
Gap Inc. reported as part of its fourth-quarter and fiscal year 2020 results that pandemic-required store closures in global markets and softer store traffic in some U.S. regions with stay-at-home limitations impacted sales in the fourth quarter. Get the Full Story Complete the form to...
Costco Wholesale Corporation, which operates just over 800 warehouses, reported its net sales for the second quarter climbed by 14.7 percent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
While 2020 was a devastating year in most areas, lockdown restrictions and consumers’ changing financial situations actually posed an opportunity for grocery stores to gain back their share of food spending from the restaurant industry. Kroger experienced record-high new customers, Target saw great success from...
The digital shift has been good to Kroger. The supermarket chain reported strong Q4 earnings on Thursday (March 4), driven by the company’s savvy digital presence as well as its expanded pickup and delivery options. Per the earnings release, digital sales grew 118 percent year...
