To enhance the training of its employee associates, Walmart is investing in virtual reality (VR) to help employees experience retail situations like the Black Friday rush. With its initiative, 17,000 headsets from Oculus Go will reportedly arrive at 4,700 stores in the United States, Vox...
As Sears faces calls to wind down its operations, the retailer is reportedly putting the finishing touches on a deal for $350 million in financing with Great American Capital Partners, along with other lenders. The potential deal could bring the retailers’ financing package up to...
All teens want for the holidays this year is a new iPhone and some Fortnite “V-Bucks” virtual currency. 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...
Macy’s managed to come out ahead of analyst expectations for the third time in a row during Q3 2018, with earnings and same-store sales all coming in front of earnings forecasts. Macy’s racked up earnings per share (EPS) of $.27 versus the $.14 expected and...
Within the next week or so, CVS’s planned acquisition of Aetna is expected to close, pairing the nation’s largest pharmacy chain and the nation’s fifth-largest health insurer under a single banner. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Online shopping is on a tear, and marketplaces are reaping the rewards. Some sites are seeing more active buyers and higher gross merchandise sales (GMS) as consumers look to buy all sorts of items from merchants and creators. Etsy, for instance, recently noted that active...
While some accomodations may cater to group travelers with multi-bedroom units, Life House CEO and Co-founder Rami Zeidan believes that might not be the most efficient use of space. “What travelers need is not bigger apartments, but rather more beds in a smaller space,” he...
Around two decades after starting as a digital content studio, Brazil’s Movile has notched $400 million in new funding in what has been reported as one of the biggest deals in Latin America. Existing investors such as Innova Capital and Naspers backed the raise, according...
In an effort to bring groceries and other products to shoppers, Walmart, Ford Motor Company and Postmates plan to work together to create a delivery service that may use self-driving vehicles in the future. While Ford has said it intends to have self-driving vehicles in commercial production...
