Kroger posted a monster first quarter on both sides of the aisle Thursday (June 18) as consumers showed they will visit grocery stores with the right safety measures, but also that online grocery is no fad in the post-pandemic era. Get the Full Story Complete...
This week’s 17 percent bounce for retail sales was a welcome bit of good news. Unfortunately, it will not be sustainable nor does it indicate the complete return of consumer spending. Time will tell if the number looks better on paper than it does in...
Kroger is expected to post better than expected earnings tomorrow on both sides of the grocery aisle — offline and digital. Analysts expect the company to earn $1.04 per share for the fiscal first quarter of 2020, which would be an increase of 44.4 percent. Revenue is...
As it invests almost $1 billion more on its team than it did last year, Target said it would permanently increase its beginning wage for staffers in the U.S. to $15 hourly. The retailer also said it would provide its frontline retail location and distribution...
The dramatic consumer shift to Digital 3.0 — predicted months ago by the PYMNTS COVID-19 tracker work — is accounting for almost half of the retail growth in the US. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Clienteling is familiar to any retailer who wants to stay in touch with their most valuable customers. But it too is now making the shift to Digital 3.0 as clienteling software platforms embrace eCommerce. Get the Full Story Complete the form to unlock this article...
Neiman Marcus Group has obtained U.S. court approval to get debtor-in-possession financing. The retailer said $250 million is available now and a further $150 million will be available as needed after Sept. 4, according to a statement. Get the Full Story Complete the form to...
Carrefour Group, one of the world’s biggest supermarket chains, and Google are launching a voice-activated grocery shopping service in France. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
JCPenney may have a suitor. Reports circulating Tuesday (June 16) have Authentic Brands teaming with mall landlords Simon Property Group and Brookfield Properties teaming up to purchase the troubled retailer, which filed for bankruptcy on May 15. Get the Full Story Complete the form to...
