The harsh realities of the pandemic’s effect on retail continued to show themselves late this week as more high-profile brands reported plunging quarterly earnings and looked at more store closings. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Michael Kanter and his wife and have owned and operated Cambridge Naturals near Harvard Square since 1974. That’s 46 years of retailing before the challenge of his or anyone’s business lifetime hit with COVID-19. And while the center of the city’s shop for vitamins, herbs, teas...
As it shuttered stores and decreased operating hours due to the coronavirus pandemic, Lululemon Athletica said, direct-to-consumer (DTC) net revenue jumped 68 percent for the first quarter of fiscal 2020. The activewear company reported gross margin of 51.3 percent, which marked a 260 basis point...
To provide parents, teachers, owners of small companies and telecommuters with an additional avenue to shop, Staples US Retail teamed with Instacart to roll out same-day delivery from over 1,000 U.S. stores. The tie-up lets customers choose between an array of products such as back-to-school...
Remote working requirements have forced corporates to have serious conversations about whether the way their back offices operate is conducive to the realities of a modern economy. For businesses that continue to rely on paper and checks to manage accounts payable (AP) workflows, the reality...
As more organizations migrate to an online business model, their needs from FinTechs and other third-party service providers are in flux. This week’s B2B Venture Capital roundup reflects those changing needs, with B2B fraud mitigation efforts for online businesses emerging as the funding leader. Other...
Fraud was the top complaint related to coronavirus logged by the Federal Trade Commission (FTC), according to new reports released on the organization’s website. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
As the use of mobile banking apps surges due to the limited access to banks amid the COVID-19 pandemic, the FBI is warning users to beware of cyber attacks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
DoorDash Inc. is expected to receive new funding that would value the nation’s largest on demand meal delivery company at $15 billion even before the deal closes, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy...
