British coffee and sandwich chain Pret A Manger has found a new majority stakeholder: JAB Holding Company is expanding its already considerable reach within the coffee business with a purchase. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Three years after Kraft Food Group and H.J. Heinz merged, the combined company may be hungry for acquisitions. After cutting $1.7 billion from spending, executives of Kraft Heinz said it’s now time for growth and investment, The Chicago Tribune reported. Get the Full Story Complete the...
The American Trucking Associations (ATA) said that the U.S. is facing a shortage of 50,000 truck drivers, impacting both retailers and consumers. The U.S. will need 898,000 additional drivers over the next 10 years to meet future demand, CNBC reported. Get the Full Story Complete the...
American retailers are heading east: They’re opening the doors to brick-and-mortar stores in China, while listing on China’s dueling marketplaces — Tencent and JD.com. Walmart, for example, brought a small-format supermarket to the city of Shenzhen as the popularity of “small retail” grows in China. Get...
Moving companies traditionally charge consumers a fixed fee for a move along with other costs: As a result, an already stressful process becomes more of a hassle for consumers. But services such as Bellhops are disrupting the market — and making a challenging time for...
Selfridges has been named best department store in the world at the Global Department Store Summit in London. 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...
The parent company of Eddie Bauer and Pacific Sunwear of California is considering a merger of the two retailers in an effort to consolidate stores, as well as survive a prolonged downturn in the American brick-and-mortar retail sector. Get the Full Story Complete the form...
Despite a positive earnings report this week, Best Buy had another announcement: It’s in the process of closing all 250 of its U.S. small-format Best Buy Mobile stores. By May 31, they’ll all be gone. Get the Full Story Complete the form to unlock this article...
One could be forgiven for becoming momentarily confused when entering the Comcast store location in Pueblo, Colo.; Aventura, Fla.; Henrico, Va.; Chattanooga, Tenn., or Tucson, Ariz. A person’s natural response might be to look skeptically at the GPS device on their phone and wonder why it had lead them...
