The hotel business is notoriously capital-intensive: Long before a property opens, a hotelier often invests millions in obtaining a property and constructing a building. But companies such as Sleepbox seek to provide an alternative to brick-and-mortar hotels by offering modular sleeping capsules that can fit...
Loyalty rewards for shoppers are not new to the Gap, or its associated brands, Banana Republic, Athleta and Old Navy. For those who carry either the branded Gap card, or the Gap Visa (or anyone who has ever been part of a retail rewards program),...
With tax reform and other positive economic inputs, the National Retail Federation said that sales are expected to grow more than previously predicted. Retail sales are expected to rise by at least 4.5 percent over 2017, compared to the 3.8 to 4.4 percent range that was...
L’Oreal is teaming up with Facebook to conduct virtual tests using augmented reality, which will allow customers to see how they look with different makeup, such as eye shadow or lipstick colors, according to a new report. Get the Full Story Complete the form to...
Brick-and-mortar retailers have sought to reduce their retail footprint in hard times, and Mattress Firm, Inc. is no exception. The brand could close between 600 to 1,000 of its 3,000 locations this year, according to some predictions – and is reportedly considering bankruptcy, people familiar with...
To help drive customers to its online ordering system, McDonald’s is rolling out a free food “for life” promotion. The winner will score a McGold Card that gives two free meals a week over a 50-year period, USA Today reported. Get the Full Story Complete the form...
If you can’t beat them, the saying goes, join them. 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...
Following the downfall of Toys R Us and Babies R Us, JCPenney is planning to carry additional baby products at its stores located near former Babies R Us locations. Starting at the end of August, the retailer will stock more strollers, cribs and car seats,...
After years of steady, positive growth, DSW started to stumble in 2017 — particularly at the end. While some of it can be written off on account of bad weather — repeated hurricanes to be specific — its problems were wider ranging. DSW was one...