Retailers are cutting back on their brick-and-mortar footprints as consumers opt to shop online and away from malls, and Sears has been hit particularly hard. Earlier this year, Sears made the decision to close 72 stores, and this week, the department store announced that it...
Moving beyond text-based online search for its customers, Forever 21 has unveiled visual search for its website and mobile eCommerce platforms. The technology, which is powered by artificial intelligence, was developed by Donde Search, the retailer said in an announcement. Get the Full Story Complete...
With brick-and-mortar retailers closing hundreds of stores, the future of the mall has looked bleak. But some say tales of its impending death have been exaggerated. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
To help get back to its “food with integrity” roots, Chipotle Mexican Grill has unveiled an accelerator program. The effort, in conjunction with Uncharted and called the Chipotle Aluminaries Project, will work with up to eight ventures in areas such as agriculture technology and alternative...
Months after Sears Holdings Corp. announced that it would shutter 72 more stores as a result of falling sales, the retailer has announced another round of store closures. Sears plans to close 46 more stores this fall in the U.S., CNBC reported. Get the Full...
For some, the Instagram Outfit of the Day is a big deal – the #OOTD is a hashtag that links, at the time of writing, to 199,466,186 posts on the social sharing site. In fact, it’s a big enough deal to some shoppers that a trend...
Lowe’s announced its second quarter earnings and sales, beating out analysts’ expectations. 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, PYMNTS Today. By...
India-based and Walmart-owned Flipkart has launched an eCommerce platform called 2GUD that focuses on the sale of refurbished electronics. The site is the latest entry in what some people call “recommerce,” an area of online retail that is showing signs of gaining fresh steam. Get...
The team at Target is having a very good morning, after the retailer logged massive growth in store-based foot traffic, as well as a solid beat on earnings, revenue and same-store sales. Also, eCommerce was a big factor in Target’s Q2 earnings success, with growth clocking...
