Retail

Retail
CVS Sees $3B Tech Investment as COVID-19 Vaccine and Testing Set to Plunge
February 09, 2022

After a year of unprecedented COVID-19-related gains, the nation’s largest pharmacy chain is looking to leverage the new customer connections it made during the pandemic and prepare for a time without the benefit of vaccine and testing foot traffic and revenue. Get the Full Story...

Retail
Macy’s Cranking up RFID Use to Combat Organized Retail Crime
February 09, 2022

Macy’s has cranked up its use of radio-frequency identification (RFID) technology to protect its assets as reports of high-profile retail thefts are increasing across the U.S., according to a report in The Wall Street Journal Tuesday (Feb. 8). Get the Full Story Complete the form...

Retail
Tractor Supply Plows Ahead With Plans to Redouble Digital Sales
February 09, 2022

Having already doubled its digital sales in the past two years, the self-titled “rural lifestyle retail leader” is out to double them again. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Today in Food Commerce: Consumers Report Loyalty to eGrocers; Chipotle Enjoys Order-Ahead Strength
February 08, 2022

Today in food commerce, PYMNTS research reveals that today’s grocery shoppers are more loyal to digital merchants than to brick-and-mortar, and Chipotle Mexican Grill continues to see digital sales growth. Plus, SpotOn Chief Technology Officer Mark Walz discusses the contactless future of restaurant payments. Get...

Retail
Today in Retail: Simon Bets on Brick-and-Mortar; VF Corporation Plans Ahead to Dodge Supply Chain...
February 08, 2022

Today in retail, Simon Property Group says it is betting on brick-and-mortar, and young consumers are driving growth in Valentine’s Day shopping this year. Plus, Guess investors want founders removed because of ongoing sexual misconduct allegations, and VF Corporation is buying raw materials earlier than...

Retail
Gen Z Demand, Huge Bouquet Bundles Will Offset Valentine’s Day Headwinds
February 08, 2022

In keeping with the well-worn business adage that “this is not your father’s Oldsmobile,” it turns out that when it comes to giving flowers on Valentine’s Day — or other occasions — the discerning and different tastes of young consumers also don’t want to be...

Retail
Simon Property Says Its Bet on Brick-and-Mortar Paying Off
February 08, 2022

Few people have a larger stake in — or better view of — the retail industry than David Simon does. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Activists Call for Guess Founders to Step Down From Denim Retailer’s Board
February 08, 2022

Activist partners Legion Partners Asset Management have called on fashion brand and retailer Guess’ board of directors to remove Co-Founders and Directors Paul Marciano and Maurice Marciano after “more than a decade [of] a pattern of appalling sexual assault and harassment allegations,” according to a...

Retail
VF Corporation Locking In Inventory Early with Supply Chain Snags Ongoing
February 08, 2022

VF Corporation — whose stable of brands include Dickies, Timberland, The North Face and Vans — has begun buying the raw materials for its apparel and footwear on an average of a few weeks earlier than usual as supply chain snafus persist, The Wall Street...