Big retailers are opening smaller-format stores in major U.S. cities, and IKEA is no exception: It is intending to bring a “Planning Studio” to Manhattan this coming spring. And it will have a considerably smaller footprint than other IKEA locations — while IKEA’s mainline stores can...
To help bolster the company’s growth, UNTUCKit has reportedly tapped a bank in an effort to bring in investment funds. The company, which is said to have enlisted the help of Morgan Stanley, is looking for a valuation north of $600 million, CNBC reported. Neither Morgan...
In an effort to save Sears, ESL Investments is looking to purchase 500 of the retailer’s stores with a $4.6 billion proposal. The retailer had been in discussions over a “going concern bid” with ESL, which is headed up by Sears Chairman Eddie Lampert, in the...
Target and Walmart, among other companies, are asking the Fed to create a way for interbank transfers to be settled in real time, 24/7, in an effort to get paid in real time. The system may eventually shorten the lag time between when a shopper...
“There’s an app for that,” the old digital adage goes, and shoppers seem to be taking note: Consumers’ spend in app stores is poised to top $122 billion next year per a recent App Annie report, or two times the global box office market size....
When Kohl’s decided to bring Amazon into its store locations about a year ago, many commentators wondered if the brand had made a big mistake. Given the “Amazon effect” that has blown through retail like a cold wind over the last decade or so, many...
Moonshot ideas don’t go from a dream to a business overnight: Take self-driving cars, a concept that took decades to come to commercial fruition. General Motors showcased the concept at the 1939 World’s Fair years before Waymo started driving autonomous vehicles through the streets of...
Target is selling Christmas trees at twice the normal rate thanks to its augmented reality shopping tool. 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...
It was usually a weekend joy or an after-work nightmare for the person assigned the task: fixing the broken washing machine or refrigerator, figuring out why the air conditioning system was blowing lukewarm air or replacing a spark plug in the lawn mower. Get the...
