Sears, which hasn’t turned a profit since 2010, may face liquidation if it can’t find a resolution to its bankruptcy situation, according to a report from CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Luxury retail company Saks Fifth Avenue is closing a two-year-old location at Manhattan’s Brookfield Place, a move that spotlights the intensifying competition from other high-end retailers for physical space amid shoppers’ exodus to online shopping. Get the Full Story Complete the form to unlock this...
Before Melissa Mash was CEO of up-and-coming DTC handbag company Dagne Dover, she’d spent a surprising amount of time in retail. As a college undergrad, she found internships with a clothing and bedding designer, and with the jewelry company Henri Bendel. Get the Full Story...
To serve students and professionals looking to catch up on sleep between classes or work projects, so-called sleeping pods are coming to venues like offices and universities. HOHM, for instance, recently brought its pods to the campus of the University of Arizona. The company’s founder...
Digitally native retailers are opening stores to bring their virtual experiences into the real world, and Zola is one of the latest merchants to test out the brick-and-mortar waters. The wedding retailer opened a store in New York City’s Flatiron District that is billed as...
In the fourth quarter, the regional and super regional mall vacancy rate fell slightly as overall retail vacancies in the U.S. stayed constant. The vacancy rate at the former was 9 percent compared to 9.1 percent in the third quarter, as the latter held at...
Coffee startup Luckin plans to open 2,500 new stores in China this year to overtake Starbucks in the country. 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...
New data shows that eCommerce traffic was up this holiday season, even after Christmas Day. 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 our daily newsletter,...
While any number of brands now market their wares on sustainability, inclusivity and transparency as of 2019, when Everlane was first getting off the ground in 2011, those buzzwords were far less common. In fact, Everlane built its first buzz as a direct-to-consumer (DTC) fashion brand...
