Indian department store chain Future Retail Ltd.’s shares and dollar bonds started the week on an upswing Monday (Dec. 20) when the Competition Commission of India said purchase plans by Reliance Industries Ltd. don’t violate a 2019 agreement between Amazon and Future, Bloomberg reported. Get...
The year was 1744. The place? London. Here, Sotheby’s had its very first auction where a few hundred rare and valuable books of Polite Literature sold for a little over 800 pounds. Get the Full Story Complete the form to unlock this article and enjoy...
Black Friday proved to be an exceptionally dark place for some retailers this year. For some, it may prove to be their last one ever. As CNN predicted last November, stores like Sears and Kmart — once industry leaders — may soon disappear. The once thriving chain of...
The letter “x” has been hot in the retail industry. It’s become a small but mighty letter that signifies a partnership between two brands, like the infamous Kardashian-born partnership, Fendi x Skims. Get the Full Story Complete the form to unlock this article and enjoy...
The average return costs retailers two-thirds of the original price (ouch!). This is because of factors like labor, transportation and warehouse expenses – all invisible to the consumer (minus a package’s tracking information, perhaps). The price of this is astronomical: Over $66 billion in product...
Levi Strauss & Co.’s Chief Strategy and AI Officer Katia Walsh on Friday (Dec. 17) noted that its Google Cloud-based data collection portal, which uses artificial intelligence (AI) and includes inventory and sales information, has transformed the entire company, The Wall Street Journal reports. Get...
Right in the middle of the busiest week of the peak holiday shopping season, the nation’s top two retail rivals showed an amazing — if not bold — ability to multitask this week, taking on a range of new projects and refining existing processes while...
If you’re sitting in a chair as you read this sentence, consider this question: What will happen to the chair when you no longer need or want it? It will likely end up in the garbage – unless you choose to upcycle, donate or sell...
At a time of unprecedented connectivity, consumer messaging matters more than ever and retailers are taking notice. 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...
