For many retailers, the biggest drop in customer retention happens after the first sale. In some cases, only 20% of customers return to make a second purchase. Of course, if they don’t make a second purchase, they won’t make a third or fourth. Get the...
Global payments platform Flywire has acquired WPM, a payments software provider for colleges and universities in the U.K. 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...
ezCater, the online marketplace startup that connects businesses with restaurants and caterers, raised $100 million in a Series D-2 funding round led by SoftBank Vision Fund 2, according to a press release on Wednesday (Dec. 15). Get the Full Story Complete the form to unlock...
Musical instrument manufacturer Roland on Wednesday (Dec. 15) announced the rollout of a personalized technology, branded Audience Specific Experience ASX, which allows stores to control the lighting, video and audio in its Roland Store experience at select U.S. and global locations. Get the Full Story...
Total retail sales slowed to a much weaker than expected 0.3% in November, as sharp declines at department stores and electronics and appliance dealers pulled the pace of holiday season shopping down from an 8-month high of 1.8% in October. Get the Full Story Complete...
In fast-growing organizations, it’s essential that every employee has the tools they need to get their job done. In today’s digital age, that usually means equipping employees with smartphone, a tablet or a laptop — or even all three — preloaded with the requisite business...
Five Below’s move to open more than 750 new stores since fiscal 2016 bodes well for the future of the kids and teen-focused retailer, and tells a story deeper than its third-quarter results, which included $608 million in sales for the three months ending Oct....
Chanel has appointed Leena Nair as global chief executive officer, grabbing the company’s youngest and first female CEO after her 30-year tenure at consumer goods group Unilever. She’ll take the helm at the end of January 2022, the Financial Times reported. Get the Full Story...
If you’re young and hip and environmentally aware, chances are you’ve already been introduced to the digitally native furniture startup Floyd, a 7-year-old privately held venture that’s headquartered in Detroit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
