Best Buy will be debuting new stores that will feature a smaller overall size as the company focuses more on eCommerce, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
As vaccines roll out across the country, restaurants are beginning to shift away from short-term survival mode and toward their longer-term goals. However, the industry is far from out of the woods. While the road to recovery is clearer today than it was months ago,...
Chefclub, a food media company that made a name for itself with its highly shareable recipe videos, is parlaying its playful, quirky content brand into food-centric merchandise. Last month, the startup raised $17 million to fund the expansion of its product line, according to TechCrunch,...
Since the start of the pandemic, many consumers have settled into a new normal. Where once they ate at restaurants, they may now order in or cook at home. Where once they spent time perusing the aisles at grocery stores, they may now order delivery...
In today’s top retail news, Home Depot reported that its fourth-quarter revenue surged 25.1 percent, while Walgreens is growing its on-demand delivery offerings with Instacart. Plus, three-month-old California startup Finesse is taking on the fashion sector. Get the Full Story Complete the form to unlock...
The announced combination of Goodyear and Cooper Tire, the largest and fifth-largest tire manufacturers in North America, is set to not only increase competition with foreign and domestic rivals, but also raise the bar in the lucrative aftermarket retail services sector. Get the Full Story...
A three-month-old Los Angeles-based startup is using data analysis, artificial intelligence (AI) and 3D imaging to take on the traditional fashion industry, by only making clothes that people actually vote to wear — for a fraction of the cost and none of the waste. Finesse.us...
Macy’s reported on its Q4 and FY results on Tuesday (Feb. 23), which were led by a 21 percent increase in digital sales and rising delivery costs. The retailer also forecast that its eCommerce business would hit $10 billion by 2023. The company, best-known for...
Walgreens is growing on-demand delivery offerings with the help of Instacart to those who live in Illinois. The pharmacy retailer has intentions to launch the service throughout the country to almost 8,000 retail locations in future weeks, according to a Tuesday (Feb. 23) announcement. Get...
