A group of activist investors has nominated nine new directors to the board of retailer Kohl’s, a Wall Street Journal (WSJ) report says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Fourth-quarter eCommerce sales in 2020 topped out at almost $207 billion, a 1.2 percent drop from the third quarter, but up 32.1 percent compared to the same period in 2019, the Census Bureau of the Department of Commerce reported on Friday (Feb. 19). Get the...
The last mile can often be the most taxing — and in logistics, customers’ expectations continue to intensify when it comes to shipping and delivery. The same applies on the reverse end of the logistics chain, as online shoppers seek easier ways to return items,...
Ghost kitchens, which are delivery-only restaurants with no storefront, continue to grow more popular, as consumers grow increasingly comfortable using restaurants’ mobile apps and meal aggregators to provide safe, convenient meals to eat at home. Now, household-name celebrities are getting into the delivery-only game, with...
It’s an understatement to say that the pandemic has produced major operational changes for QSRs. Restaurants have been shifting their focus to digital, improving drive-thru and pickup options, and adopting new technologies to enable COVID-safe transactions. While these adaptations have been vital to businesses’ mid-pandemic...
After contending with a “year like no other,” Tanger Factory Outlet Centers said customer levels at its three-dozen upscale open-air shopping campuses hit 90 percent of pre-pandemic traffic levels in the fourth quarter, and 99 percent for the month of January. Get the Full Story...
Strong Asian demand for leather bags, wallets and even $900 sneakers saw the French luxury design house and retailer Hermès post a 12.3 percent increase in fourth-quarter sales, as the company announced on Friday (Feb. 19) from its headquarters in Paris. The strength of its...
Home décor specialty retailer Kirkland’s, Inc. reported as part of its preliminary Q4 results on Friday (Feb. 19) that it anticipates a comparable sales rise of 1.8 percent, with the inclusion of online commerce expansion of 35.5 percent, according to an announcement. Get the Full...
Wholesale marketplace Abound landed $22.9 million in a Left Lane Capital-led Series A financing round, with further support from Red Antler, All Iron Ventures and RiverPark Ventures, according to a Friday (Feb. 19) announcement. Get the Full Story Complete the form to unlock this article...
