There have been lots of direct-to-consumer plays in the last year, most of them out of big consumer packaged goods (CPG) companies: Mars, Pepsi, Coca-Cola, Kraft Heinz Co., the list goes on and on. But the biggest win of the year came from the biggest...
American Eagle Outfitters (AE) is introducing an augmented reality (AR) shopping tool on Snapchat as part of its spring 2021 Jeans Are Forever campaign, according to a press release on Friday (Feb. 26). Get the Full Story Complete the form to unlock this article and...
There’s the buying and the buying — but it’s getting the goods to the buyers that is a problem. 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...
Aurora Mobile Limited has struck a partnership deal with international online fashion company Farfetch to bolster its intelligent operation functionalities. The two firms will work together to provide an “unparalleled shopping experience to global customers,” according to a Friday (Feb. 26) announcement. Get the Full Story...
Restaurant aggregators are uniquely positioned to collect troves of data on consumer behavior, gathering information about, among other habits, which kinds of foods are the most in-demand in each area. Now, delivery platform Hungr is putting that data to use, to both drive profits and...
Despite seeing a surge in online sales during the pandemic, Best Buy said it laid off 5,000 employees in February and will be shuttering additional locations in 2021, according to a CNN report on Friday (Feb. 26). Get the Full Story Complete the form to unlock...
Birkenstock has struck a deal to sell a majority share of Birkenstock Group to private equity firm L Catterton and its affiliates with the inclusion of Financière Agache, Bernard Arnault’s family investment company, according to a Friday (Feb. 26) press release. Get the Full Story Complete...
Foot Locker, Inc. reported on Friday (Feb. 26) as part of its financial results that fourth-quarter comparable-store sales fell by 2.7 percent, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The events of the past year have showcased many businesses’ resilience, but not all were able to make it through unscathed. Businesses have collapsed, jobs have been lost, stores have closed and salaries have been cut. When it came to food production, the supply chain was...
