In a formal proposal, ESL Investments said it was seeking to purchase Sears Holdings’ Kenmore brand, as well as the retailer’s home improvement unit. ESL Investments is a hedge fund controlled by the chief executive of Sears Holdings, Eddie Lampert, Retail Dive reported. Get the...
When Ross Bailey, founder and CEO of Appear Here, first came up with his business concept, he wasn’t thinking about building the Airbnb of commercial real estate. He was thinking about selling t-shirts, specifically shirts he had made to celebrate the Queen’s diamond jubilee in...
Constellation Brands is not a household name, but the intoxicants it stands behind sure are — Robert Mondavi wine, Corona beer and Svedka vodka are all under the brand. These days, all three are facing a new competitor: cannabis. Get the Full Story Complete the...
Sales of toys around the world are on the move: The NPD Group found that toy industry sales topped $18.4 billion for the first half of the year, marking an increase of 4 percent from 2017. In terms of regions, Mexico saw the most toy industry...
To bring a beer tour and tasting experience to its customers, Guinness has opened a $90 million brewery in Maryland. The location is the company’s first new brewery in 60 years, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
To help Lowe’s Companies bring new benefits and purchasing options to its customers, it’s extending its agreement with Synchrony. The agreement gives Lowe’s access to infrastructure related to in-app payments, along with an in-store credit app, Chain Store Age reported. “We are focused on exceeding...
To bring a new women’s fashion line to its stores and website, Walmart is teaming up with Ellen DeGeneres. The move comes as the retailer seeks to expand its presence in the apparel space and grow its market share for clothing, Reuters reported. Get the Full Story...
If Amazon’s doing it, the trend must be real, right? 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 completing this...
Hotels have enjoyed the rewards of word-of-mouth marketing for years, but they now face a challenge: how can they deal with a deluge of requests from bloggers and influencers wanting to spread the word about their properties in exchange for a stay? Hotels can struggle...
