Global Fashion Group has seen its valuation more than halved by Rocket Internet, owner of about 23 percent of the eCommerce company. Valued at around $3.1 billion a year ago, GFC is now valued at around $1.1 billion. Get the Full Story Complete the form...
Simon Property Group, the nation’s largest mall operator, has a somewhat better-than-expected earnings report this week. Funds from operations rose to $2.63 per share from $2.28 per share a year ago, a sign that occupancy rates and per-foot rates are on the incline. Get the Full...
Though the drumbeats have been pretty persistently beating out a dirge about the high-speed come apart that is effecting/is expected to continue to effect the wonderful world of on-demand delivery businesses, it seems that perhaps Postmates has found itself swept a bit unfairly into a...
While Elton John and Lady Gaga are both known for fashion choices that border on the outrageous — there are few people in the world who have ever worn a meat dress after all — their new collaborative line at Macy’s, “Love Bravery,” is designed...
As spring is getting underway in earnest nationwide, wedding season is ramping up. In a big way. According to the reigning data experts on the subject – The Knot – a little under 70 percent of the people who are going to get married in...
It’s been a good decade for the partnership between Sephora and J.C. Penney, so good in fact that the number of Sephoras housed within J.C. Penney locations is about to go up. Get the Full Story Complete the form to unlock this article and enjoy...
In the U.S., retail transactions paid for with credit or debit cards (physical or digital) are becoming the norm over those paid for with cash, even for small-ticket purchases. And with certain European countries also favoring methods like mobile payment over cash, is a global...
Walmart is saying goodbye to its Wild Oats organic food brand. 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...
With the waves of announced layoffs coming from what seems like every corner of the retail ecosystem these days, the latest consensus out of analysts that 2016 will be the worst year for retail segment layoffs sine 2010 probably comes as a shock to just...
