Inspired by Macy’s, Century 21, the department store chain celebrated for its deeply discounted designer clothing, is staging a comeback following its closure in 2020. With a renewed strategy, it is embracing a more streamlined approach to retail as it strives to reclaim its prominent...
The Home Depot missed Wall Street revenue expectations for the second quarter in a row. 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 asked business leaders for their take on how to plan for the rest of 2023 and what they are telling their teams to focus on. Mario Shiliashki, Global Payments CEO at PayU, says retail will likely face another challenging year. Merchants must collaborate closely...
Victoria’s Secret (VS) is reviving its iconic fashion show but with a fresh approach. Instead of the traditional runway event, the brand is featuring women from diverse backgrounds worldwide in a full-length film called “Victoria’s Secret World Tour.” The movie aims to highlight the brand’s...
The fashion industry used to view collaborations between luxury brands and fast fashion as taboo. Luxury brands were reluctant to partner with fast-fashion retailers for fear of damaging their brand image. Nevertheless, the landscape has changed as consumer attitudes towards fashion have shifted and new...
The Wall Street Journal reported last month (April 7) on the evolution of self-checkout systems, focusing on Uniqlo’s parent company, Fast Retailing, and its introduction of radio frequency identification (RFID) technology into the process. In stores where the system is implemented, shoppers can simply drop...
As consumers cut spending, investors are reportedly worried Target’s next earnings will miss the mark. 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....
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 form, you agree to receive marketing communications from PYMNTS and...
Government data released this week hints that retailers are in for a protracted struggle through the next few months. 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...
