Innovation has been a welcome development for retailers in the pandemic. Pivoting business models have been the hallmark of some major changes, including the complete reconfiguring of companies such as Zara and Nike and luxury brands like Ferragamo and Moncler. Now, Burberry is continuing its...
It may seem like the world of retail has been reduced to eCommerce overachievement and brick-and-mortar underachievement. But even as pandemic-fueled dynamics rage on, new trends and catchphrases to describe them continue to emerge. Get the Full Story Complete the form to unlock this article...
Lord & Taylor and Tailored Brands surprised absolutely no one with their bankruptcy filings Sunday (Aug. 2), but another spate of bad news has added new urgency to the question of who will survive in the beleaguered department store and apparel categories. Get the Full...
As it wagers that a bigger presence in the United States will provide growth during the COVID-19 uncertainty, Seven & i Holdings Co. agreed to purchase the Speedway fuel stations of Marathon Petroleum Corp. for $21 billion, Bloomberg reported. Get the Full Story Complete the form...
The most high-end shopping areas in the United States are seeing tenants depart, and rents are dropping at a time when COVID-19 has halted tourism for the time being, left millions without jobs, and has had shoppers stuck in their residences, CNBC reported. Get the...
Sensory branding is having a moment. At Dunkin’, consumers can now buy coffee-flavored cereal. KFC would be happy for consumers to pick up a pair of chicken-scented Crocs, but they’re sold out. And McDonald’s is celebrating the 50th anniversary of its Quarter Pounder with six...
Iconic Vogue magazine editor Diana Vreeland once said, “Fashion is part of the daily air and it changes all the time.” Artificial intelligence (AI) is now one of the tools at the retailer’s disposal to keep pace with those changes. Get the Full Story Complete...
Neiman Marcus could exit Chapter 11 in time for holiday shopping. 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 Today. By completing...
Authentic Brands Group (ABG), the New York-based brand management company, could be the latest potential buyer of Ascena Retail Group, the recently bankrupt parent firm of Ann Taylor, Footwear News reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
