J.Crew’s bankruptcy declaration on Monday (May 4) citing the devastating impact on sales by the coronavirus pandemic could be the first of a long line of big-name retailers to seek protection. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
In an age of what might be termed escalating geo-tensions, cyber is emerging as a new front of (possible) conflict. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Despite an audit that raised questions about operations at Wirecard, a publicly traded financial services provider based in Munich, its CEO has ignored calls to resign. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
While digital grocery had been a growing area of interest for consumers in a pre-COVID-19 world, the pandemic has sent it into overdrive. Looking at the past several weeks of PYMNTS consumer survey data, four times more consumers are buying groceries online instead of going into the...
Shopify is launching a “rebuilt and reimagined” omnichannel point-of-sale setup pitched to the COVID-19 era, calling it a POS that brings “in-person and online sales together in one place,” according to an announcement on Monday (May 4). Get the Full Story Complete the form to...
Virtual reality maybe on the verge of its first retail hit. If Baltimore Ravens quarterback and last season’s NFL MVP Lamar Jackson has anything to do with it, VR gaming has arrived. Get the Full Story Complete the form to unlock this article and enjoy...
The great retail resettling is on. This past weekend and today (May 4) are the first tests of consumer behavior during the pandemic, as Simon Property Group and Macy’s lead the list of major reopenings. Most states, and Simon for that matter, postponed their May...
There is no playbook for a pandemic. It’s a truth repeated over and over in the press, from analysts and executives during the last week of earnings calls. However, this most threatening of business climates is hardly the time to strike the tents and abandon...
Amid fallout from the coronavirus pandemic, J. Crew Group Inc. has become the first major retailer to file for bankruptcy with intentions to cede control of the company to lenders. The retailer made its filing in a federal court with a deal to remove debt of $1.65...
