The announcement that Kohl’s would be pairing off with discount grocery retailer ALDI drew everyone’s attention — mostly because the news caught so many people by surprise. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Using BuzzFeed’s extensive online reach, Walmart will debut a new line of kitchen tools that carry the website’s Tasty brand. The items will be available in the retailer’s brick-and-mortar stores and on its eCommerce website, Recode reported. Get the Full Story Complete the form to unlock...
After reporting weak Q4 earnings, JCPenney is cutting its workforce in a move that could save the company up to $25 million per year. The retailer is trimming 360 jobs, including 130 positions in its headquarters, CNBC reported. “Just as we conduct a review of...
The retail point-of-sale (POS) terminal market is no stagnant business. While it is currently a $15 billion industry, Global Market Insights is expecting it to reach $45 billion by the year 2024. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The “What’s your size?” shuffle is a specialized horror that female consumers from all walks of life complain bitterly about. It’s the sort of thing customers should be able to recite automatically. Get the Full Story Complete the form to unlock this article and enjoy...
TJX, the parent company of discount department store chains Marshalls, HomeGoods and TJ Maxx, had a very good holiday season, beating out analyst estimates for holiday quarter same-store sales. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
After raising $535 million in a Series D round, DoorDash may be worth $1.4 billion in a post-money valuation. The company is not necessarily thinking about an initial public offering (IPO), though — even with that level of funding, TechCrunch reported. Get the Full Story Complete the...
Retailers lose $14 billion annually in “scan avoidance” — that is, when items are bagged at the register without ever being scanned or paid for. That’s according to the National Retail Federation, and, scarily enough, it actually represents a decline since the height of theft...
Facing high operational costs and changes in the smartphone market, Best Buy plans to shutter its 250 mobile phone stores in the U.S. by May 2018. The stores are not as lucrative as they once were since the smartphone market’s maturation, the Wall Street Journal...
